Pages

Jump to bottom

12 comments

1 Pierless  May 10, 2010 12:05:00am

Don’t get a case of the vapors! Too late to bemoan US finance policy. It derailed the day Dubya was shoved into the White House. Greece and the euro are a European problem that is starting to hamper U.S. recovery.

2 Bob Levin  May 10, 2010 1:01:19am

re: #1 Pierless

This has nothing to do with Bush, more to do with the evolving nature of wealth, and the fact that the western world has been reliant on the natural resources of its colonies, which are no longer colonies. Wealth then became the ability to create industry, an acceleration of the industrial revolution, and finally, wealth became a matter of providing and controlling the fuel for that industry.

Now for spellcheck.

Okay, three, two, one, lift off for the comments section of the new blogs.

3 yenta-fada  May 10, 2010 10:24:36am

re: #2 Bob Levin
I value your opinions. This has everything to do with massive creation of credit and the derivative side bets from J.P.Morgan, Goldman Sachs, hedge funds, etc. We are now playing with Treasury bills of sovereign nations that destabilize governments and the world financial systems. We have entire countries that are essentially bankrupt. We also have states, e.g. California that are also bankrupt. You have to back up and look at the big picture hidden in all the verbiage of politicians and economists.

4 Bob Levin  May 10, 2010 12:30:51pm

re: #3 yenta-fada

I don’t think we’re in disagreement. The reason for all of this creative paper, and creative accounting, is because we’ve stopped doing what the great wealthy nations of history have done—cultivate or invent products and technology that everyone wants and needs. Look no farther than the history of Great Britain, built on sugar, tea, then industry and technology. Or look at the OPEC nations. For capitalism to work, you need capitalists, people willing to invent and invest. The wealth of the US was secured by patents and our ability to turn these inventions into viable products. We still do this well, we just don’t do it fast enough, or confidently enough. The investment companies have to work with the infrastructure and superstructure that they are given. In a sense, I think the big bamboozlement is this notion that Gold is stable. Gold is stable if no one wants to sell it. If everyone sees a crisis and begins selling…guess what? Gold isn’t magic. The price will drop like the rock that it is. Unfortunately, we have a bubble economy, everyone looking for the next big thing, the next solid thing that will never ever fluctuate according to supply and demand (which doesn’t exist) —so we went from the Dot Com Bubble to Real Estate Bubble. The investment firms acted in reaction to these great movements of wealth and personal choice. And they tried to find ways to keep the bubbles from bursting.

5 yenta-fada  May 10, 2010 1:55:43pm

I do think that the U.S. (and Canada) have outsourced so much that we have become service based and government employed non-contenders for future productivity. By that, I mean near-future. IMHO, that’s the fundamental problem from which other dilemmas are arising. I know gold isn’t a magic cure, I just think that our financial systems have become the economy rather than a reflection of the economy. Derivatives allowed a few to become enormously wealthy and then the taxpayer ends up with the bill. Who finances these bailouts? Us. Gold has no counter party risk and it’s doing a good job of preserving purchasing power for the last decade. I never said it was a get rich quick scheme. I do admit to being a one trick pony. :-)

6 Bob Levin  May 10, 2010 2:07:26pm

re: #5 yenta-fada

We’re agreeing. Ultimately, this problem could and should have been addressed decades ago. Unfortunately, our society, and global culture are so massive that it takes some sort of crisis or catastrophe to provoke change. And then it’s in the hands of elected officials who….ah, yeah. I really don’t think the financial systems want to become the economy. It’s so much easier to say ‘plastics’ than whatever the heck they call these pieces of paper. It’s so much easier to sell ‘plastics’ than whatever these are called.

Off the subject, is there a mechanism in this new Blog feature that let’s you know that I’ve made a comment? How do you find out that there is movement on your blog?

7 yenta-fada  May 10, 2010 3:59:38pm

re: #6 Bob Levin

I have no idea how to use the latest feature with blogs & comments. Truly, much of my time is taken up on gold related topics since that’s how I make a living. I try not to deal with computer stuff unless it isn’t working. I don’t trade online for some of the same reasons. Simplicity is my watchword. I just keep trying to warn the lizards that, WRT their money, the rules are changing as I type. 3 months cash in hand at all times in case of market seizures/bank messes. I’m not an alarmist. The financial house is on FIRE and it is global, not just local. Separating the real news from the fake news used to be the a big deal here. I can supply current links to newspapers, blogs, interviews to back up what I say.

8 Bob Levin  May 10, 2010 4:20:49pm

I hear what you’re saying, and maybe Charles will put in a feature that tells us someone has commented on our entries—I’m sure this has occurred to him.

Regarding the house afire—it’s been smoldering for quite some time, but it is held up by belief, and it’s been like that for a very long time. The beliefs are complex, on the one hand there is optimism in our inventiveness, and caution, which is how you make a living, as you say. The good thing about predicting the future is that no matter what you predict, it’s going to be wrong. Reality is always a few steps beyond our conception. You know the saying, Man Makes Plans….

You could substitute the word predictions for plans, and you get one giddy deity.

9 yenta-fada  May 10, 2010 4:32:58pm

Agree with everything, except the future is already here.
usdebtclock.org

10 Bob Levin  May 10, 2010 7:48:17pm

Youtube Video

Youtube Video

You might enjoy this, although you may have been one of the two people that saw this when I first posted it.

11 yenta-fada  May 10, 2010 9:52:50pm

re: #8 Bob Levin

Amazingly clear explanations!! (grin)

12 Bob Levin  May 11, 2010 2:43:07am

re: #11 yenta-fada

I suspect they were both at the London School of Economics, and then decided they’d rather do comedy. They noticed the line between the two disciplines was a little blurry.


This page has been archived.
Comments are closed.

Jump to top

Create a PageThis is the LGF Pages posting bookmarklet. To use it, drag this button to your browser's bookmark bar, and title it 'LGF Pages' (or whatever you like). Then browse to a site you want to post, select some text on the page to use for a quote, click the bookmarklet, and the Pages posting window will appear with the title, text, and any embedded video or audio files already filled in, ready to go.
Or... you can just click this button to open the Pages posting window right away.
Last updated: 2016-01-01 10:29 am PST
LGF User's Guide RSS Feeds Tweet

Help support Little Green Footballs!

Subscribe now for ad-free access!Register and sign in to a free LGF account before subscribing, and your ad-free access will be automatically enabled.

Donate with
PayPal
Square Cash Shop at amazon
as an LGF Associate!
Recent PagesClick to refresh
Penny Dreadful: City of Angels (2020) Official Teaser A spiritual descendant of the original Penny Dreadful story set in Victorian-era London, Penny Dreadful: City of Angels opens in 1938 Los Angeles, a time and place deeply infused with social and political tension. When a grisly murder shocks ...
Thanos
1 day, 4 hours ago
Views: 218 • Comments: 1 • Rating: 0
Tweets: 1 • Share to Facebook
Spiritual Groove 2.0 by Antoine Dufour#beastmode #antoinedufour #spiritualgrooveBeast mode battlefield version.You're welcome. Recorded on my Beauregard OM guitarI play DiMarzio PickupsI play Ernie Ball Strings
Thanos
2 days, 21 hours ago
Views: 368 • Comments: 0 • Rating: 0
Tweets: 1 • Share to Facebook
Lucy in Blue - Respire (Live on KEXP) kexp.org presents Lucy In Blue performing "Respire" live at Kex Hostel in Reykjavik during Iceland Airwaves 2019. Recorded November 5, 2019. Host: John RichardsAudio Engineers: Onundur Hofsteinn Pálsson, Kevin Suggs & Róbert Högni ÞorbjörnssonAudio Mixer: Kevin SuggsCameras: Alaia D'Alessandro, ...
Thanos
2 days, 21 hours ago
Views: 357 • Comments: 0 • Rating: 0
Tweets: 2 • Share to Facebook
the Darkness - in Another Life (Official Video) From the brand new album 'Easter Is Cancelled', also includes ‘Heart Explodes’, ‘Rock and Roll Deserves To Die’ & ‘How Can I Lose Your Love’. Order/stream the album now: thedarkness.lnk.to Follow The Darkness:Facebook facebook.comTwitter @thedarknessIG: instagram.com Starring: The Darkness ...
Thanos
3 days, 21 hours ago
Views: 429 • Comments: 0 • Rating: 0
Tweets: 2 • Share to Facebook
#Thegreatpoolpondconversion - 200112First the routine update:After we did what's explained below, we backfilled for a while. You know that story, shovel sand into the cart. Drive the cart to the pool. Shovel sand into the wheelbarrow. Barrow over to the pool and ...
Dangerman (misuser of the sarc tag)
4 days, 22 hours ago
Views: 426 • Comments: 0 • Rating: 2
Tweets: 0 • Share to Facebook
Echosmith - ‘Diamonds’ (Official Video) Official Video for "Diamonds" by Echosmith Stream/download our new album 'Lonely Generation' here: echosmith.ffm.to LONELY GENERATION TOUR TICKETSechsomith.com FOLLOW ECHOSMITH:instagram.comfacebook.com@echosmith Directed by Danny Drysdale Music produced by Jeffery David DIAMONDS La La La La, La La La La, La La ...
Thanos
1 week ago
Views: 662 • Comments: 0 • Rating: 0
Tweets: 2 • Share to Facebook
Fourth Circuit Blocks Discharge of HIV-Positive Airmen RICHMOND, Va. (CN) – The Fourth Circuit on Friday upheld a ruling that blocked the Trump administration’s attempt to discharge Air Force members because of their HIV-positive status. Lambda Legal, the Modern Military Association of America and attorneys with ...
Thanos
1 week ago
Views: 668 • Comments: 0 • Rating: 0
Tweets: 3 • Share to Facebook
Wallows - Are You Bored Yet? (Feat. Clairo) [Official Video] Official music video for “Are You Bored Yet? (feat. Clairo)” by Wallows off their debut album Nothing Happens. Listen to Are You Bored Yet? (feat. Clairo): wallows.lnk.to Credits: Director: Drew KirschEP: Tara RazaviProducer: Stephan Bielecki DP: Justin KaneProduction designer: Mike ...
Thanos
1 week, 1 day ago
Views: 841 • Comments: 0 • Rating: 0
Tweets: 1 • Share to Facebook
Caroline Rose - ‘Feel the Way I Want’ [Official Video]The new album 'Superstar' is available March 6: newwst.com Directed by Caroline RoseShot + Edited by Kayhl CooperShot on iPhone 11 Pro
Thanos
1 week, 1 day ago
Views: 888 • Comments: 0 • Rating: 0
Tweets: 0 • Share to Facebook
Grouplove - Deleter [Official Music Video] "Deleter" available now: grouplove.lnk.to Subscribe for more official content from Grouplove:canvasbackmusic.lnk.to CreditsDirector - Christopher BlauveltProducer - Stephen FitzgibbonDirector Of Photography - Jesse WineProduction Design - Jessica Marie Cole1st Assistant Director - Star VictoriaEditor - Jonathan King Follow Grouplovefacebook.com@grouploveinstagram.comSoundCloudgrouplovemusic.com The ...
Thanos
1 week, 1 day ago
Views: 669 • Comments: 0 • Rating: 0
Tweets: 1 • Share to Facebook