Groundhog's Comments RSS Syndication from SeekingAlpha.com http://seekingalpha.comuser/270831/comments http://seekingalpha.com/article/108375-lock-in-low-gas-prices?source=feed#comment-317191 317191 Sat, 29 Nov 2008 14:12:45 -0500 http://seekingalpha.com/article/108375-lock-in-low-gas-prices?source=feed#comment-317185 317185 Sat, 29 Nov 2008 14:04:37 -0500 http://seekingalpha.com/article/108375-lock-in-low-gas-prices?source=feed#comment-317126 317126 Sat, 29 Nov 2008 10:55:15 -0500 http://seekingalpha.com/article/108375-lock-in-low-gas-prices?source=feed#comment-317114 317114 Sat, 29 Nov 2008 10:20:26 -0500 http://seekingalpha.com/article/106031-revisiting-the-dow-s-late-1930s-rally?source=feed#comment-305860 305860 Fri, 14 Nov 2008 07:52:23 -0500 http://seekingalpha.com/article/103202-the-shallowest-generation?source=feed#comment-300692 300692
The financial failure of the 30s, environmental degradation as witnessed in the dust bowl of "The Grapes of Wrath," the rise of facism in Europe, their acquiesence to Hitler before WWII and the subsequent dominance of the "military industrial complex" after WWII, then the Korean War and the Vietnam War...all of this was rendered unto their children. They made big mistakes, and their children made big mistakes. The sins of the fathers shall be visited upon their sons.

The point being, since The Great Depression, the United States of America has been unable to find its purpose in the world. Herbert Hoover was much maligned for his saying that "the business of America is business." Business is a sustainable enterprise that sufficiently satisfies current economic needs while creating a surplus of capital for building sustainable growth and prosperity. This concept of business does very well under the influence of a democratic government because everybody has the same basic economic needs. So to paraphrase Mr. Hoover, 'the business of America is on-going.'

Yes, this is a frightening time we are living in because most of us "Baby Boomers" have never experienced real want in our lives. We should reflect on the much more frightening world very many other people who are not US citizens are living in at this very moment. Some of that fear, in fact, is our own doing simply because we have never found our true purpose as a nation.

I agree with Herbert Hoover. America should get back to business. We've had a financial hurricane that has swept through corporate and household America like an act of God. Yes, we are suffering for our sins, but our failings are nothing new under the sun, and a failure can become a success when rescued by honest hard work and commitment to others who are working in earnest.

Remember, capitalism doesn't kill people, capitalists do. ...the Groundhog]]> Sat, 08 Nov 2008 10:03:42 -0500
The financial failure of the 30s, environmental degradation as witnessed in the dust bowl of "The Grapes of Wrath," the rise of facism in Europe, their acquiesence to Hitler before WWII and the subsequent dominance of the "military industrial complex" after WWII, then the Korean War and the Vietnam War...all of this was rendered unto their children. They made big mistakes, and their children made big mistakes. The sins of the fathers shall be visited upon their sons.

The point being, since The Great Depression, the United States of America has been unable to find its purpose in the world. Herbert Hoover was much maligned for his saying that "the business of America is business." Business is a sustainable enterprise that sufficiently satisfies current economic needs while creating a surplus of capital for building sustainable growth and prosperity. This concept of business does very well under the influence of a democratic government because everybody has the same basic economic needs. So to paraphrase Mr. Hoover, 'the business of America is on-going.'

Yes, this is a frightening time we are living in because most of us "Baby Boomers" have never experienced real want in our lives. We should reflect on the much more frightening world very many other people who are not US citizens are living in at this very moment. Some of that fear, in fact, is our own doing simply because we have never found our true purpose as a nation.

I agree with Herbert Hoover. America should get back to business. We've had a financial hurricane that has swept through corporate and household America like an act of God. Yes, we are suffering for our sins, but our failings are nothing new under the sun, and a failure can become a success when rescued by honest hard work and commitment to others who are working in earnest.

Remember, capitalism doesn't kill people, capitalists do. ...the Groundhog]]> http://seekingalpha.com/article/99425-apocalypse-dow-the-search-for-scapegoats?source=feed#comment-279726 279726 Sat, 11 Oct 2008 09:48:44 -0400 http://seekingalpha.com/article/99415-where-we-go-from-here-best-and-worst-cases?source=feed#comment-279709 279709 Sat, 11 Oct 2008 09:04:37 -0400 http://seekingalpha.com/article/99415-where-we-go-from-here-best-and-worst-cases?source=feed#comment-279396 279396
However, Keer-eh Khar asks two fundamental questions about marketing the financial sector's failures in order to re-capitalize our banks. What are we buying, and once bought, what will there be to sell? The genius of the financial sector is that it can create capital out of nothing, but without integrity and high moral standards, the lack of any sense of fiduciary responsibility quickly returns this capital to the abyss of nothingness.

Finance is based on trust and the assumption that we will all be here tomorrow doing the best we can to pay our bills and service our debt. For the past 20 years, the financial sector has been sponsoring one get-rich-quick scheme after another. How can we trust the financiers to be any different this time around?

Will they ever have enough money, houses, yachts, airplanes, country clubs, and day spas? Most of us work for food, shelter, clothing, transportation, and our human dignity? The financial "geniuses" seek wealth for wealth's sake and the power that wealth gives them over men and women with simpler lives and less ambitious goals.

If we simpler folk are to buy anything from them or sell anything back to them, they have to become trustworthy citizens with a sense of responsibility to the whole economy. This won't happen without the rule of law, government oversight, and sensible regulations. So along with the re-capitalization of our financial sector, the federal government will have to sort out the good, the bad, and the ugly actors that created this financial meltdown.]]> Fri, 10 Oct 2008 17:39:59 -0400
However, Keer-eh Khar asks two fundamental questions about marketing the financial sector's failures in order to re-capitalize our banks. What are we buying, and once bought, what will there be to sell? The genius of the financial sector is that it can create capital out of nothing, but without integrity and high moral standards, the lack of any sense of fiduciary responsibility quickly returns this capital to the abyss of nothingness.

Finance is based on trust and the assumption that we will all be here tomorrow doing the best we can to pay our bills and service our debt. For the past 20 years, the financial sector has been sponsoring one get-rich-quick scheme after another. How can we trust the financiers to be any different this time around?

Will they ever have enough money, houses, yachts, airplanes, country clubs, and day spas? Most of us work for food, shelter, clothing, transportation, and our human dignity? The financial "geniuses" seek wealth for wealth's sake and the power that wealth gives them over men and women with simpler lives and less ambitious goals.

If we simpler folk are to buy anything from them or sell anything back to them, they have to become trustworthy citizens with a sense of responsibility to the whole economy. This won't happen without the rule of law, government oversight, and sensible regulations. So along with the re-capitalization of our financial sector, the federal government will have to sort out the good, the bad, and the ugly actors that created this financial meltdown.]]> http://seekingalpha.com/article/98788-u-s-dollar-best-of-the-worst?source=feed#comment-277253 277253 Wed, 08 Oct 2008 17:47:59 -0400