Saffire

[ame=http://www.youtube.com/watch?v=5gydFlXK5Yo]YouTube- The Wonders of Social Democracy[/ame]

http://blogs.telegraph.co.uk/news/geraldwarner/100038625/daves-offer-to-nick-a-peelite-stitch-up-tory-men-and-whig-measures/

Damn those students! Raise their taxes!

Nick, I totally agree. I fully expect the USD to get much stronger over the next few months, as people flee these other collapsing currencies and park their money there while they figure out what their next move will be. A stronger dollar will cause deflation (in the Keynesian sense of the word) and stocks will fall. I exited my long positions back at DOW 11,200 or so. I'm pretty sure we're in for a long ride down from here... btw Nick, do you read ZeroHedge?

http://www.cnbc.com/id/36988229 When government fails, people beg for more of it.

I don't even think Cameron would reduce spending enough. And I don't take the left wing seriously. I'm just saying the riots are inevitable regardless of who's in office - default or austerity, pick your poison. Hopefully the people of the world will have enough sense to abolish central banking and credit-creation once and for all, but I'm not holding my breath. The uneducated masses will likely cry out for more regulation and higher taxes instead.

[ame=http://www.youtube.com/watch?v=NTNjQ3n_7OM]YouTube- YOU MUST OBEY[/ame] Audio of a Canadian man's experience crossing the border with his wife into America. "Pulling away" from an officer is "assault".

lol, I don't think you realize how dire this is. In order to begin paying the interest on the debt, something like half of government employees must be laid off and taxes must be drastically raised. Benefits would have to be slashed or eliminated altogether. We're talking Armageddon changes here, not little election "red/blue" changes. There will likely be riots.

http://www.guardian.co.uk/business/2010/may/05/uk-budget-deficit-worse-than-greece Iceland, Greece, Portugal, Spain, UK, and France... and soon the US. We're seeing the collapse of fiat currencies. When you have a system of credit creation (read: money-printing) that relies on exponential growth, eventually you run up against reality. This is what happens when you continually invest in unprofitable ventures (governments). I should add that there's no way Greece will be able to pay off its debt interest. By refinancing their loan, the IMF only kicked the can further down the road. It's still coming. The only long-term solution to this is to end the practice of allowing governments to borrow and print money. They'll still have the power to tax, of course, but at least then consumers of government services will be able to see the exact cost of their beneficence.

Wait, I thought Greece has a government? And wasn't the government responsible for ensuring the safety of its citizens? This seems like a failure of government rather than anarchy.

Well Fox tries to color their stories with categorizations. To Fox, you are what you do. But yeah, this is an unfortunate situation... two wasted young lives.

Leviathan is gasping for air, it won't be long before Greece's problem is made to look tiny in comparison.

:laugh4: My thoughts exactly.

He has cancer of the hair. :( God have mercy on him.

It's actually been remarkably reliable recently. They broke stories on John Edwards cheating on his wife, as well as some details about the Bill Clinton/Monica Lewinsky thing. :laugh3: So anyway, I wouldn't be so fast to discount this.

...because controlling interest rates in the EU nations just isn't enough. http://blogs.forbes.com/face-to-face/2010/04/29/ecb-president-favors-global-governance/ Look at that statement I bolded. This guy sounds just like Alan Greenspan. Talking about contradictions wrapped in enigmas, nestled in a sesame-seed bun of bullshit. And then he inevitably concludes more power must be given to politicians and bureaucrats, and everyone swoons at how intelligent he is, and what a difficult decision that must have been for him to make. In response to his three points: 1. What he's actually saying here is that there must be a way to employ as many bureaucrats as possible at the local level, so each individual government has an incentive to go along with the rules. Sort of like the EU, it's just a make-work project for children of politicians and bankers who don't know any useful skills, like how to fix a car or build a house. 2. Finance isn't an obscure field. Maybe it is to you, Mr. Trichet, because you want to come off as very learned and intelligent, but the average Joe understands finance as such: there's debtors, and then there's creditors. There are owners, and there are renters. EVERYTHING in finance is some variation of these simple maxims. Financial markets are self-regulating when the government doesn't get involved, because when the "I'm smarter than you" traders at a hedge fund or Goldman Sachs screw up, 100% of the losses fall on their shoulders - not taxpayers'. So they have an incentive to behave themselves, and take on less risk. Also having interest rates slightly higher than 0% helps reduce risk-taking, too. :rolleyes: 3. Again, there is no such thing as "financial innovation". When it comes to shuffling money around, everything under the sun is old. If you can't understand an investment, don't put your money there. Similarly, don't stick your hand in hollowed-out logs in the forest.

http://www.nationalenquirer.com/reports_obama_cheating_scandal_vera_baker_investigation/celebrity/68590 Oh dear.

Best Buy is an awesome electronics store, glad you guys finally have one.

I think that's the British spelling.

http://www.dailymail.co.uk/news/election/article-1269787/Mervyn-King-said-public-anger-austerity-cuts-affect-British-politics-generation.html :laugh3: Voters are so stupid.

Do non citizens not work?

http://www.latimes.com/features/home/la-hm-hotprop-gore-20100428,0,4103538.story Aside from the obviousness of the fact that he clearly doesn't believe in rising sea levels anytime soon, I have to wonder where all this money is coming from. I know he's paid a lot of speak and he sold some copies of that "Inconvenient Truth" documentary, but that can't account for all of it. I get the feeling he's got some buddies in the carbon credit trading business, probably at Goldman Sachs.

http://www.dailymail.co.uk/sciencetech/article-1269781/Scientists-develop-spray-make-men-affectionate-using-cuddle-hormone-oxytocin.html

http://journalstar.com/news/local/crime-and-courts/article_45c908c2-52ed-11df-97cc-001cc4c03286.html

http://apnews.myway.com/article/20100429/D9FCDCN00.html I can't wait to see all those legal Americans sweating their butts off in Arizona's 110 degree summer heat, and demanding 17 dollars an hour. :laugh4: USA! USA! USA!