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Termyn8or -> The economy simplified (1/29/2009 11:12:43 AM)
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Someone put up a piece in humor that had Forrest Gump explaining about the box of chocolates being polluted with pieces of shit, well that was simple, but not this simple.
The current situation, they borrowed money to invest, not all of it but some, and it gave them more leverage.
They used it to buy more, and inflate their pockets regardless of the consequences.
They borrowed some money to buy debt, which is the same thing as borrowing money to loan it out.
They used it to buy futures, which is wholly an amoral activity. If you really think about it, it is.
All in all though, they borrowed money to gamble with.
A guy came to me looking for $25,000 to expand his business. He offered to pay near usurious rates on it. It was to be short term so he didn't care, it was for equipment and once he has it and it is paid off, the rest is profit.
If I literally had $25,000 extra laying around I would have done it. This is someone I know, I know they pay their bills and I know they are a competent businessman. The only reason not to go to a bank is because he does not deal with banks. But I know his eight phone bills were paid, house payments, kid's tuitions everything, I would trust him with it. He has character flaws, but is responsible financially. He also offered up that the equipment he intended to buy could be in the contract as collateral, so there is just about no losing it.
I could've easily borrowed the money to loan to him but I simplly won't do that because a loan is a gamble. I don't care how much I can trust him to pay it back, there is still that chance of losing. I admit I was surprised at the subsequent events, the fact that not only did he get thrown in prison for a year or so, and that some of the equipment got stolen, the loan was still repaid, although I was not the one who extended it. He found it somewhere.
This is like they used to bust insurance agent for, gambling with the float. This was a long time ago, every month or whatever there was a bunch of money in the till at an insurance office. Some people would take and try to make money off of it. When they won, they were happy and noone was the wiser. When they lost the shit hit the fan. They busted more than one for that, basically for embezzelment.
So the people who were running these investment banks and such that needed a bailout basically were gambling with the float. You don't want such people in such positions. However the bailout does not even begin to address that problem.
If I were the government things would go alot differently. When those CEOs came for bailouts I would look them in the eye and say "So you ran the company into the ground and now you want a bailout because you have failed those who put you in control, why the hell would any sane Man want to do that ? Get in the unemployment line".
Like in the words of the character Sugar Ray in Harlem Nights "You bet, you lost, we'd have paid you if you if you won, so pass the dice or buy them off this MF".
But see they aren't going to do anything of the sort, the status quo will continue. Yes it will change a bit, but not much, and in the end, we shall see if it was good or bad overall.
To simplify it even more, if we can't get rid of these empty, brainless suits who are running this whole fucking world into the ground we are fucked. Look at them, most of the time if they do anything good they do twice as much harm, many times insidiously. They don't think ahead, even though they claim to.
Put me in that big chair. I would address the world. We are in trouble and here's the deal, we are not renegging on everything but we ain't paying out anymore. We pull our forces back to minimal assistance where it is needed and take care of our own business. Forget the environment for now, much as I hate to.
Y'know something all you green people ? If they hadn't fucked this economy up so bad, we would have alot more options. One would be able to afford, and be proud to own a hybrid or EV, and gladly pay the expense to use it. Like we who still have some luxuries now. I would. But the cost is simply too much.
What could/would we do if taxes (which includes in this context, gross salaries for useless suits) were no longer an encumbement to our earning power. Solar panels, geothermal, even windmills, I would.
It's been said that haste makes waste. I say now that waste has it's revenge because now, we need some solutions, post haste. So waste has made haste. And these hasty plans of mice and Men, shall amount to naught, in the end.
It takes a different way of thinking. And that takes every person, not just the elites. It boils down to common sense, which had better be getting common real soon or we are in even worse trouble. People these days get into a position of power and feel like they are on top of the world. Well you are not there to enjoy yourself, you are there actually to perform a service. Lead and direct, and don't screw up.
People tend to see leadership positions as prestigious and glorified. They get all caught up in that and generally are not really on the job. Thinking about it the right way, instead of thinking of the money first (for them that is), thinking about the responsibility many would not want the job. The money is a bribe to take it.
So then what's the impetus about becoming President ? If it's still around $200,000 a year it certainly isn't the money. I think you would be hard pressed to find a recent President who was not pretty much set up for life before he got elected.
You would think that might bring out the best, but not in this world I guess.
You see, at the root of this problem is this : We think the world belongs to us, yet refuse the notion that we also belong to the world.
Cut that along all racial* and socioeconomic strata and it still applies. Think about it. No Man is an island anymore, therefore the world serves you. Don't you owe something back ?
* e.g. die for the emporer, this exhalts him near Godhood. Other exhibits of "humanity" can be mentioned upon request. What does the emporer owe, good judgement at least ? Think about it.
T
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