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rhett o rick

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Member since: Fri Apr 22, 2005, 01:05 PM
Number of posts: 38,182

Journal Archives

I cant feel sorry for the rubes that gambled on FB. It is so easy to bilk greedy people.

Wall Street is a gambling street. You place your bets and take your chances. The difference is that in Las Vegas, the odds are a lot better. I think it's about 95% on the dollar slots. That means if you bet long enough you will end up with 95% of your money. Not a good retirement plan. But, and I have no real figures, on Wall Street, I bet your odds are less than 50% against the "House". The House in Las Vegas is carefully controlled to keep them from bilking you. Not so on Wall Street where the House can manipulate the dice, slot machine, etc. Now some will argue that over the long haul Wall Street is a good "investment". What that means is that if the economy (nothing to do with Wall Street) is growing then your gamble may pay back a decent return. But most likely it is just a bigger bubble. You see Wall Street is all about bubbles. When you put your money on a stock you are hoping the bubble will continue and you can get out before it bursts. Trouble is that the insiders know when bubbles start and when they end and they get out before you can unless you are very lucky. Bernie Madoff wasnt doing anything that Wall Street doesnt do.

Wall Street uses sophisticated sounding terms like investing instead of gambling. People that would never be proud of gambling are all over themselves about their "investments". But think about it. You buy stocks from Fred because you think the stock price will go up and he doesnt. Then you sell it to Joe because you think it will go down and he doesnt. None of the money goes to a company to buy equipment. You are gambling. And we have seen evidence that all kinds of methods can be used to manipulate the stock price. In fact, CEO's have learned that stock price manipulation can be very lucrative. Even more important than building a good product.

I find it interesting to see relatively intelligent people that claim to be against the abuses of Wall Street, putting their money on the line so they might share the get rich dream.

Wall Street is a racket and the rubes always get taken.

Is Exxon a nation?

A nation is a group of people so I don’t think Exxon qualifies as a nation, but IMO, they are definitely a strong, independent sovereignty.

Exxon has to be one of the most powerful entities in the world. They are not a “USofA” company, but an entity all of their own. They have zero allegiance to the USofA. They use our country’s resources, infrastructure and military, and not only don’t pay for it, WE PAY them. We give them corporate welfare. We cover their risks while they keep the rewards. They are so powerful they have literally purchased some control of our government and have given themselves very large subsidies. But you wont hear anything bad about Exxon in the corp-media. Exxon pays the media large sums of money for “advertising” and/or share the same people on Boards of Directors with the large media corporations. The advertising money yields favorable treatment from the media.

It looks to me like globalization means the formation or creation of corporate sovereignty's.

Trickledown - Have you received your trickle?

In the last 30 years the trend in the USofA was for the gap between the rich and the 99% to continue widening. If this trend continues, we will live in a Kingdom or Serfdom like Saudi Arabia. Let me repeat that. If we don’t reverse this “Trickledown” trend, we the 99% will become poor, peons, paupers, etc. Kiss the middleclass goodbye.
The Democrats are trying to slow this trend down but the Republicans make no bones that they don’t want this trend to stop let alone reverse.

You can fool the American people some of the time, but you can fool the gullible Republicans all of the time. “Honest, Charlie Brown, this time wealth will really trickle down.”

I apologize for the condescension above. I tried to write this to a gullible.



Edit: Had to correct "condensation" to condescension. Damn OttoCorrect.

Occupy is a movement that is part of a larger movement that started before Occupy.

I strongly support Occupy and would not suggest they change one iota. But there are millions of people that want to fix America that dont fit with Occupy. I dont know who is behind moveon but I havent yet seen any evidence that they are run by the enemy. We need to be united against the enemy, the oligarchs. They would like nothing better than to see us fighting among ourselves.

I will agree that moveon hasnt been successful, but that is no reason to exclude them. I have participated in moveon protests before Occupy.

Occupy isnt moveon and moveon isnt Occupy, but as far as I can see, we all want the same thing.

Be suspicious of those that would turn us against each other.

Looks to me like we are having trouble with the phrase "right wing fantasy."

IMHO the Right fantasizes about a world like Atlas Shrugged and not Avatar. Sounds like Hunger Games is about a Right Wing controlled world as seen from the Left and not the Right. IMO the Right fears a world like Hunger Games (from what I have heard as I havent seen it) and believes it would happen if the Intellectually Elite took over. They believe that the Financial Elite will give them a world like Atlas Shrugged.
Posted by rhett o rick | Sun Apr 8, 2012, 11:55 AM (0 replies)

Corporations are not people and do not have morals and

we shouldnt expect them to. They are entities that we allow to exist to benefit WeThePeople (WTP). When they start to operate against the benefits of WTP, they need to be prosecuted and executed if necessary.

I does us no good to blame the soulless corporations as we are responsible for controlling them. If you turn a bull loose in a china shop, dont blame the bull.

I know I am lecturing to the choir, but just wanted to say that.
Posted by rhett o rick | Sun Apr 1, 2012, 02:18 PM (1 replies)

I think we might learn from Geraldo that the Treyvon Martin case is not just racism.

It's about authoritarianism (bullying) which of course includes racism. Geraldo may be defending Zimmerman, not because he supports racism, but because he supports authoritarianism. Zimmerman is clearly a bully and other bullies will come to his defense. There are of course leader bullies and follower bullies, but they stick together. The US media glorifies bullies.

Alan Greenspan misunderstands the nature of capitalism and human nature.

Forgive me if I have posted this before.

Alan Greenspan says:
In 1963:
“Capitalism is based on self-interest and self-esteem; it holds integrity and trustworthiness as cardinal virtues and makes them pay off in the marketplace, thus demanding that men survive by means of virtue, not vices. It is this superlatively moral system that the welfare statists propose to improve upon by means of preventative law, snooping bureaucrats, and the chronic goad of fear.” (The Assault on Integrity, 1963)
In 2008:
“Alan Greenspan, former chairman of the Federal Reserve, finally took some responsibility (sort of) for the crisis. He told Congress: "Those of us who have looked to the self-interest of lending institutions to protect shareholder's equity – myself especially – are in a state of shocked disbelief…”
Translated, that means he did not think bank bosses were stupid* enough to drive their companies into bankruptcy but he was wrong.”
From:
http://www.independent.co.uk/news/business/analysis-and-features/quotes-of-2008-we-are-in-a-state-of-shocked-disbelief-1220057.html

Notes:
*I am not sure “stupid” is the right word here, as the Banksters made millions.
The bolding is mine.
I think Alan lives in an Ayn Rand fantasy world.

The Republican Party has become the party of the bully.

IMO there are two kinds of bullies, the leaders and the followers. You were probably introduced to them in grade school. The leader bully likes to be tough with people he thinks are inferior to himself. He would never go up against anyone that might be a serious challenge. The follower bullies mistakenly see the bullying as strength and as they are cowardly themselves they follow along, egging the leader on and living vicariously thru him. And as I see it, the cowardly Republican Party of today look to the consummate bullies like Dick Cheney and Rush Limbaugh for their virility. What the follower bullies dont know, let me correct that, dont want to know is that the leader bullies are actually cowards. They would never take on anyone their own size and would never bully with out their audience of follower bullies.

Now that the Republicans are making it clear that they feel women can be bullied I think they are in trouble. I would recommend sending Lorraine Bobbit to pay Rush a visit, but I think she wouldnt find much to work with.
Posted by rhett o rick | Wed Mar 7, 2012, 04:36 PM (0 replies)

The challenge not be certain.


Ask an average child about Santa Claus and they will tell you they are certain that he exists. Their certainty comes from their reality. I think we would agree that the average child’s reality is limited by their limited education and experiences. But then aren’t we all limited in much the same way? Don’t we each have our own unique reality? It may be similar to others, but each is unique.

This is not to say that some people’s realities are better than other’s. But within our own reality we are tempted to be certain. I believe it’s a natural tendency that helps us maintain our sanity. I believe that insanity may be a person’s inability to handle their reality. They either believe in Santa Claus so strongly that they cant deal with evidence to the contrary or on the other hand, maybe they don’t have the ability to believe in anything.

Although not classified as insane, I have met people that are so certain of their beliefs that there is no dissuading them.

I think that if you believe too strongly in the ritual you miss the message.

This is rambling, but any thoughts?
Posted by rhett o rick | Sat Mar 3, 2012, 11:16 AM (4 replies)
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