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Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum -- Ignore unavailable to you. Want to Upgrade?


To: energyplay who wrote (23398)10/2/2007 2:18:02 AM
From: elmatador  Read Replies (1) | Respond to of 217825
 
Observe and conclude. Any statement flowing from that has merit. You derived a conclusion just by observing that if someone was incautious enough to sign that deal, he might no have had a lot of brain capacity to analyze into what he was getting in. Therefore you can certainly sieve off people whose professions require them to have a certain level of capacity to execute tasks on which their livelihood depend.

By the same token, social security was made for stupid people. Stupid meaning uneducated Germans of 100 years ago. They needed to be forced to save to get a certain amount once they got old and could no longer work. If not they would squander their money and would not save for old age.

Bismarck’s social security was the first recognition that the weak will become prey and need to be tutored by the state.

Observe please that this was a European invention copied by the rest of the world.

The U.S. owing to the lack of legal frame work –not because they are bandidos- just because they blew up 13 colonies into the whole continent and the people and activities arrived ahead of the state legal apparatus as a result they developed more on a 'every man for himself' type of business culture. So there was some guys selling property to some incautious people to seek gold, and snake oil, and stealing the properties of others, that kind of thing.

In the modern US nation-state, we have, as you correctly put, ‘meritocracy with a strong Darwinian under current near the bottom’ which is just the surviving DNA (to use MQ analogy) of the guys who made the US nation. The survivors of the past 150 years are not necessarily the most weak or honest.



To: energyplay who wrote (23398)10/2/2007 11:32:42 AM
From: elmatador  Read Replies (1) | Respond to of 217825
 
Banks using crisis to get rid of staff renegade bonuses. A little bit of those European banks crisis is a wayo to get rid of the staff since they will face hard tiems ahead and also to renegade bonuses...

It helps the fact Euroland is scared shitless of a US exporting juggernaut taking 'their' markets from then.

Dollar Lifts Exporters, Blunting Housing Bust

online.wsj.com