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

To: skinowski who wrote (79029)	9/5/2011 11:04:15 AM
From: Follies	Respond to of 218054

When politicians borrow, that's quite a different story, since they can pay back only through forcing others to pay. Because of the housing bubble, we are requiring the originating bank to hold a piece of the mortgage before selling it. We should require the same for lawmakers, that is they should be personally liable for a piece of all borrowing they do.

To: skinowski who wrote (79029)	9/5/2011 1:01:21 PM
From: Maurice Winn	1 Recommendation Read Replies (1) \| Respond to of 218054

Yes, most people see robbing opm as a good way to function: <That happens a lot in real life as well, and many people, intuitively, do not find the notion entirely unattractive. > The Christian concept of universal peer to peer love is a recent phenomenon. Even so-called Christian countries still operate on Roman Empire principles of totalitarian kleptocratic dominance hierarchy.in which the powerful winners enslave the losers, passing laws galore to regulate and confiscate. The dependency mentality you mention is part of that opm envy "thinking". "Hey, those old people have money and I want it so I'll do anything dishonest, violent or whatever is necessary to get it." Voting is an easy way of robbing people. Amazingly, that write dressed that up as moral, rational, mathematical. But it's not really thinking because chimps and pretty much any animal can "think" that much. They see something and figure out how to get it - normally by outright attacking the present possessor. Yes, when politicians borrow, as their slave, I feel no obligation to make good the debts they incur for the public, which includes me. When Iraq repudiate the debts Saddam's government incurred, that is perfectly reasonable. Russia lending to Iraq was a criminal to criminal loan of no moral value. The public who suffered under Saddam's hideous rule should feel no obligation to repay such a loan. I am currently carrying such a risk in that I have loaned US$ to a financial institution in the USA which is basically lending to the USA government. I am well aware that repudiation of the loan is quite possible and is done by dilution each year. It is worth it to them to avoid complete and sudden abrogation of the debt because if they can keep the game going for another century, it's worth $trillions to them. But the politicians are rapidly destroying the currency through political machinations. Mqurice