Confidence games and Ponzi schemes

tvsterling at 01:23 2009-08-08 said:

At what point does 'Wealth Creation' become a Ponzi Scheme? I' d say at the point where the whole country is ruined (like now). Despite the feelgood newsbites & 'Green Shoots' anyone with a brain can see that it don't look good. No country which has lost it's industrial supremacy (that would be us) can long maintain the status among nations that we all want as Americans. It's time to realize that retaining (or reclaiming) our supremacy starts with putting the monster, runaway financial sector in it's proper place. This is not the first time in our history that this has been necessary. There is always opportunity in crisis (that's an ancient Chinese saying). We have shipped most of our old decrepit production machinery to China & Mexico (among others) & shut down a lot of the rest. Now we can rebuild our industrial base with new, green, modern factories & have it all. We are in much the same position as Europe at the end of WWII. What has to happen is that capital has to be directed to this & away from Ponzi Scheme paper pyramids. Since 'Self Regulation' is thoroughly self discredited that leaves us with government, like it or not. We needed to start this process months ago, today will have to do. Permalink

catherine at 01:55 2009-08-08 said:

The confidence game on foreign governments is working. They are sprinkling enough trillions around for certain "groups" to talk happy,

while they are creating a sleight of hand with the heathcare issue - (they don't care, they don't have a bilL, what they have they haven't read, blah blah blah)

IT IS CAP AND TRADE THAT HE WANTS BECAUSE THAT IS WHAT THE GOLDMANS ARE COUNTING ON TO REBUILD THE BUBBLE - TRADING ENERGY

I want to create and drill for energy, THE GOLDMAN'S WANT TO MAKE IT INTO A SECURITY ( can we all say MORTGAGE BACKED SECURITY)

so the confidence game is going on

because to the world and evidently the left right now - UNEMPLOYMENT IS JUST SOME NUMBER THEY READ ABOUT...............

the left IS SOON GOING TO MEET THE 16-20% unemployed

THERE AIN'T ENOUGH CONFIDENCE ON THE PLANET TO BEAT THOSE PEOPLE DOWN - THEY HAVE LOST EVERYTHING - THEY DON'T WANT ANY MORE PRETTY PRETTY TALK. THE Y AREN'T HAPPY WITH YOUR JOBLESS RECOVERY. Permalink