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Reply #97: I don't know that they have been betting on the markets falling. [View All]

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caseymoz Donating Member (1000+ posts) Send PM | Profile | Ignore Tue Mar-10-09 03:55 PM
Response to Reply #70
97. I don't know that they have been betting on the markets falling.

There will still be only about an equal amount of winners and losers from that, unless of course, they market is fixed-- and that is quite possible. However, as the market is a chaotic system, with hedge funds, you are just gambling, again, unless it's fixed.

I don't know if the people at the lower end don't have a stake in this. If their lives get worse, and if their ranks are swelled by people falling from the middle, or even fall from the upper ranks, (a lot of people have lost jobs on Wall Street) then things can turn extremely ugly.

Need some kind of rules of status (economic and social rules, including laws) around them, and for that reason, it takes an awful lot for them to totally reject a system even when they come out on the low end. But if it looks like the status rules assure that their lives will simply get worse and worse, and if it looks like the rules are being fixed so that the same bunch of people gain more and more, that's when they'll stop obeying the rules that have benefited others. That's when they'll withdraw permission to be governed.

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