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

To: GPS Info who wrote (52568)	7/21/2009 12:49:16 AM
From: Maurice Winn	3 Recommendations Respond to of 217931

Excellent GPS. I think you have it. Words are generally generalisations which try to ring fence a pool of meaning to convey an idea in general terms. Even lawyers and judges with very high level verbal expertise, very high salaries, much training and lots of time, with good reason to really try to get it right, have enormous difficulty in using words to corral real-time 3D situations into a verbal context. After they have achieved their best, their judgments are then reviewed by a higher court and a higher one than that and even a higher one than that, with reversals quite likely on the way, with voting of 4 to 3 on any particular bench being common. And all they are doing is interpreting existing laws which have been thrashed out with [sometimes] great care and attention and always at great expense. So, you and I splattering a few words into cyberspace is unlikely to construct verbal perfection, even with good will in attempts to establish the meaning of what people write. Yes, I'm a Libertarian, but that's a very wide word but it generally means I want less government. But in some respects I want a lot more government [such as where the governments are not doing the job they have to do]. Alan Greenspan is mostly good simply because I have always despised gang thinking and mindless attacks on individuals for no good reason. If people are unable to explain their reasons, and the reasons they have are obviously false then they are on the wrong track. It wasn't so much that I thought he wanted government off the backs of banks - he WAS the government, appointed by the President. And the banks are part of the government too in that they operate under government rules and special favour. Greenspan did a couple of things wrong and I suspect it was to provide support to Bush winning in Y2K and rewinning in 2004. He kept interest rates high in Y2K, keeping the squeeze on the Biotelecosmictechdot.com bust far too long and he left interest rates far too low after the bust and as the housing hysteria ramped up. But those are relatively small criticisms. More or less he did a good enough job for the job he was supposed to be doing. I would have done a better job for a tiny fee by comparison. Heck, I might even have crunched up the housing irrational exuberance soon enough to reduce the financial carnage. It's the vituperative blaming of Greenspan and wild accusations as though he was the harbinger of evil. I didn't borrow though I took a good look at houses. I didn't because they were too expensive. So it's not as though the information wasn't available for people to make their own decisions. He didn't set the prices. The Mindless Zombie stream is over half a decade old. Check it out. What were the borrowers and their creditors thinking? Crazy!! Probably criminal in many instances and the job of a bigger government is to recycle their kidneys and other body parts at auction. The Lada commentary is more metaphor than serious suggestion. I don't really think you want a Lada, nor that you are communist. Phil and co are not the only people who can make wild exaggerations. We might as well all join in. Think of my posts more as thought starters rather than legal opinions worth $1,000 per hour. Sometimes I'm serious, sometimes not, sometimes they are just fluffy ideas, sometimes they are solid ideas. We aren't voting to change the world after our discussions, just going about our individual business with some ideas and information from others with widely different points of view, sources of information, ideas, and so on. No, I don't really think you thought no borrowing, no lending, all gold and silver etc... that's just exaggeration for effect. Joking aside though, some people seriously do think no borrowing or lending is good, and charging interest is blasphemous against Allah and worthy of head-hacking. Gung Ho, Mqurice

To: GPS Info who wrote (52568)	7/21/2009 1:37:42 AM
From: philv	Read Replies (2) \| Respond to of 217931

" If philv criticizes Greenspan, he must be part of “stupid mobs” and therefore, he should “go to hell.” Well, your considerable psycho analysis of what it is that Maurice is actually saying is a work in progress. As I am apparently a member of a particular mob, as you note, whose descriptive adjective, which I don't particularly like, or agree with, I would say in my defence, that although there are many aspects of capitalism I do not like, I like even less the communist persuasion. There are gross inequities in both camps, but my hope was that even a person of questionable intelligence would be allowed to express outrage from time to time when examples of incompetence or misuse of power, leading to corruption and fraud have surfaced. But if one thinks that the pure capitalist economic system is self correcting, a mob or revolution is therefore not necessary, perhaps never has been in history? We should therefore simply do nothing, and live in glorious silent trust, knowing that the system will always be tilted in the direction of equality for all, including for the "stupid". Phil