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D. F. Facti

I see that Morgan Stanley's profits are up 60 frigging percent. What did they do to achieve this stupendous feat? Invent something clever? Patent a cure for something? Write a great book or symphony? Don't tell me. At least the buldings are taller this time around for when the mid-level perps who can't get to Paraguay with the Bushes start jumping.

Canuck

I propose a new group, NCTORA, National Coalition To Open Rooftop Access. So the jumpers don’t have to damage any locks to get to the roofs. For safety sake would could designate fall zones.

We could encourage by providing pre-jump video service, so the jumpers could be comforted in the knowledge that we’d all be aware of the distress the cruel uncaring world bestowed upon them.

Of course as originator I’d need to retain copyright of materials produced in association with NCTORA. Take That Mark Burnett.

CK

Deflation is one of the good things. Price deflation means it takes less money ( or less working time ) to buy the same amount of goods this year as you bought last year. Conversely deflation also means that your money is appreciating over time instead of depreciating. Now why would there be deflation in a capitalist economy? Maybe because the production process becomes more efficient with time, the workers become more capable at their jobs, the machinery used becomes more specific and more efficient to the work being performed. So why is deflation a bad thing? Because one does not need a government to take care of them when they are getting better off each year. Efficiency drives the old equilibrium point down and to the left on the demand curves that is lower prices and higher quantities. Oh and when you have a rational expectation that your money is going to be worth more next year, your subjective interest rate ( what you need to make to be induced to save or lend your money ) also falls. Lower interest rates are a good thing. In a deflationary economy, employment will rise as will real wages; but nominal wages may not rise. In a deflationary economy, savings will be rewarded as will investment in real goods and machinery ( maybe not so much in unnecessary services and inefficient systems). Taxation however will be diminished because taxes are calculated in nominal not real currency. And theft by government is much less necessary in a deflationary economy. Oh well, the USA had a mostly deflationary economy from the early 1800's to WWI and did ok and has had an entirely inflationary economy since then and has done a lot less well...except in government employment.

Elaine Meinel Supkis

Deflation nearly always rests upon making workers poorer. Elites love deflation, look at Japan's rich! They are estatic with joy and are building factories and buying stuff all over the world.

Meanwhile, the plight of the Japanese worker gets worse and worse.

Inflation means the government can buy today and pay tomorrow only they never want to pay at all so it all gets rapidly out of control.

Here in America, workers are seeing the bad side of depressions while seeing the bad side of inflation which is why they are getting poorer and poorer.


This will blow up in everyone's faces. I can see how Nationalsocializim will rise out of this. Which is why I keep warning Israeli Jews, their embrace of nationalsocializim is justifying and enabling Naziism.


When this falls apart, the many rich Jewish people in America---many hedge fund founders are Jewish, will be looted just like when Germany went bankrupt and looted the Jewish population, rich and poor!


The need for loot is the usual cure for economic woes. This is why depressions and even recessions start major wars.

Elaine Meinel Supkis

Oh, Canuck, don't forget you have to buy up all the shares of companies that make those cushions that protect people falling out of buildings.


Otherwise too many will chicken out and be saved. Also, you have to form a cartel with the companies that build anti-suicide fences like the ones on the Golden Gate Bridge or Empire State Building.


Sounds like the foundation of a great hedge fund, actually!

Elaine Meinel Supkis

Oh, Canuck, don't forget you have to buy up all the shares of companies that make those cushions that protect people falling out of buildings.


Otherwise too many will chicken out and be saved. Also, you have to form a cartel with the companies that build anti-suicide fences like the ones on the Golden Gate Bridge or Empire State Building.


Sounds like the foundation of a great hedge fund, actually!

DeVaul

Am I the only person who noticed that the abbreviation for Fortress Investment Fund is "FIG"? As in "fig leaf"?

Could this even possibly have been a mistake on the part of its creators given its universal meaning? I don't think so.

Canuck

C’mon Elaine we’re talking post-crash entertainment here, blood must be spilt. It’ll be allowed as a pressure relief valve for the Hoi Poli. Don’t skewer my ratings with airbags and safety railings. Sheesh.

CK

But as you said, the supposed deflation in japan is a fraud. It is inflation that makes the worker poorer; robs him of his income, increases his taxes, steals his savings and in general beggars the many workers to the benefit of the few ensconced in the central banking nexus. You could get price deflation by unilaterally lowering your workers wages, but then your workers would not be able to buy other manufacturers goods or your own. But when prices fall because efficiency increases the working stiff can still be better off.

Elaine Meinel Supkis

There is a happy medium but no one likes it, this always breaks down as scams and scoundrels take avantage of gullible desires and off we go on yet another stupid boom/bust cycle.

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