blisterchicken

2009: Year of the Ox (And What That Means for the Markets)

Greedy Loan Originators? Originators were selling what the banks the programs the banks created.

Kinda like calling a Yugo Salesman a poor engineer.

As far as shooting wars. Well, Israel has got to chill out. I don't have a full grasp of the conflict over there, but I'm going to assume Stephen Speilburg does. If anyone saw Munich, it looks like his opinion is that Israel isn't acting very Jewish, and he basically blames their escalated revenge for the increased extremism in terrorism.

Notice oil go up a bit when Israel started to attack Gaza?

And it's a pretty brutal policy they have. It's not like they are attacking hardened military targets like Saddams Bunkers in Iraq. They are blasting the crap out of slum neighborhoods. And yes, I know they are going after Hamas, but it seems to me if they backed off, and started treating the Palistinians like humans, maybe even started feeding them...it would deflate the Hamas & eventually end their terror.

Terror attacks in Iraq have decreased because the current commander understands this.

As far as a worldwide economic crisis. Well, we were sold the idea that downsizing was good, and that porting all of our manufacturing jobs to a communist country with virtual slaze labor was a good trade off for profits.

I predicted this was unsustainable and dangerous. Germany was uch more technically advance that the allies were in WW2, but the USA being a huge industrialized society just out built the Nazi war machine. Does a Sherman Tank hold a candle to a Panzer? Not a chance. But to 3 Shermans out gun a PAnzer...Damn right...(And OK, we had Patton and Eisenhower).

As far as needing more Marxism...well, in my opinion, the liberal use of Marxism is what has got us in this situation, ie my above example of porting away jobs to a communist counrty. It has sucked the middle class dry, and the short sighted captains of industry are loosing the subjects within their realm whom to sell their goods.

Now proper regulation is needed in several industries. Mainly the media! We have a Mediocracy in America now. Did you notice that the FCC regulations were passed, THEN NAFTA was shoved down out throats. They got rid of most of the dissenting opinion by making the media a big conglomerate tool for corporate adgenda driven greed. It's the huge corporations that are greedy, not some originator who sits in an office making phone calls all day.

The corporations have the rights of a person in court. So if you every go up against one, you are going against a multiheaded monster. Likewise when botton line profit is the ONLY focus of a corporation, what do we end up with...run away greed.

We need to figure out a way where companies are accountable to their local, and global communites in regards to ethics and human rights. Sounds a little hippy dippy, but in fact this is already somehting that is starting with many corpoations.