OT: That didn't take very long!

[John Larkin]

On Tue, 18 Jun 2019 23:28:24 +0100, Tom Gardner
<spamjunk@blueyonder.co.uk> wrote:

On 18/06/19 23:11, Cursitor Doom wrote:
On Tue, 18 Jun 2019 12:04:57 -0700, John Larkin wrote:

The government offered them profit and assumed the risk. And coerced
them to make the loans.

Don't forget the ratings agencies' part in this. They certified those
liar loan packages as AAA. It's like you go to your kosher butcher for a
pound of sausages, they've been stamped by the Rabbi and all, but when
you get them home you find they're full of all sorts of disgusting shit:
dog and cat meat, gammelfleisch, dead rats, slugs, turtle rectums, hyena
entrails and elephant dung.
That may sound a bit exaggerated, but it's exactly what they did with
those minced up bundles of bum securities. Bastards.

Yup.

Capitalist bastards.
Not communist bastards.
Not socialist bastards.

Capitalist bastards.

Emigrate to Venezuela.


--

John Larkin Highland Technology, Inc
picosecond timing precision measurement

jlarkin att highlandtechnology dott com
http://www.highlandtechnology.com

 

[whit3rd]

On Tuesday, June 18, 2019 at 7:40:45 AM UTC-7, John Larkin wrote:

On Tue, 18 Jun 2019 13:19:31 +0100, Tom Gardner
spamjunk@blueyonder.co.uk> wrote:

Didn't you notice the 2007 crash? Many people did,
and many are still suffering from the consequences.

That was mostly a real estate bubble with a lot of paper profits and
paper losses.

Oh, no, it was a bubble with folk walking away from down payments
when their mortgages were under water. A few sellers got high prices,
but homeowners (who sold and then bought housing in the same bubble)
got tossed down the well on the money finagle; they paid too much,
because of 'subsidized' high-risk mortgage practices (banks holding
the mortgages got into the habit of OK'ing debt and then selling the
overrated risky paper).

So, it was a securities fraud, pumped prices conflated with a 'gig economy' of uncertain
incomes. The losers were... lots of homebuyers. The winners, were managers
at banks that nearly went under (but who collected performance bonuses) and
a few folk who sold houses back and forth, then walked away with a bank's
financing (leaving the last owner to default on the silly mortgage).

 

[Tom Gardner]

On 19/06/19 00:47, John Larkin wrote:

On Tue, 18 Jun 2019 23:28:24 +0100, Tom Gardner
spamjunk@blueyonder.co.uk> wrote:

On 18/06/19 23:11, Cursitor Doom wrote:
On Tue, 18 Jun 2019 12:04:57 -0700, John Larkin wrote:

The government offered them profit and assumed the risk. And coerced
them to make the loans.

Don't forget the ratings agencies' part in this. They certified those
liar loan packages as AAA. It's like you go to your kosher butcher for a
pound of sausages, they've been stamped by the Rabbi and all, but when
you get them home you find they're full of all sorts of disgusting shit:
dog and cat meat, gammelfleisch, dead rats, slugs, turtle rectums, hyena
entrails and elephant dung.
That may sound a bit exaggerated, but it's exactly what they did with
those minced up bundles of bum securities. Bastards.

Yup.

Capitalist bastards.
Not communist bastards.
Not socialist bastards.

Capitalist bastards.

Emigrate to Venezuela.

Strawman argument: those are grade one bastards too.

The point is not that communists or socialists are
"good", because they aren't per se.

The point is to provide solid examples that counter your previous statements in
this thread:

"The great mass murders of the last century, a
couple hundred million starved and murdered,
were engineered by socialists."
while omitting the same things done by capitalists.

About Hitler/Stalin/Mao
"Their most dangerous conviction was that they
were always right about everything and should
therefore control everything.
The least dangerous thing that attitude causes
is to wreck the economy."
while omitting that capitalists also wreck economies.

The point is that the problems are caused by rampant
mis-application of *any* ideology coupled with malice,
greed and stupidity.

Mensch ist mensch, the whole world over.

*People* are the problem.

 

Wow. What a child you are. You should change your name from
jurb6006 to TrumpTard666

That statement advanced your viewpoint how now ?

 

[Jasen Betts]

On 2019-06-17, John Larkin <jjlarkin@highland_snip_technology.com> wrote:

On Mon, 17 Jun 2019 14:54:28 -0400, bitrex <user@example.net> wrote:


Their most dangerous conviction was that they were always right about
everything and should therefore control everything.

The least dangerous thing that attitude causes is to wreck the
economy.

"Best president ever!"

--
When I tried casting out nines I made a hash of it.

 

John Larkin <jjlarkin@highlandtechnology.com> wrote in
news:jdthgel5mbpkmkc4q30qsqm5tf7kgsr0nt@4ax.com:

That was mostly a real estate bubble with a lot of paper profits
and
paper losses.

Nice simplification, Larkin.

You are a really simple person, eh?

It was significant enough that it was given a name.

The United States Housing Bubble.

It was significant enough that it affected markets globally.

It was significant enough that is caused a major recession.

It was significant enough that we are now paying for something
which we did not do, and those that did do it suffered little by
comparison.

Yep... Larkin is simple. Larkin is a simpleton.

 

Rick C <gnuarm.deletethisbit@gmail.com> wrote in
news:7516eaf4-488a-4d61-b917-fea54a338230@googlegroups.com:

I believe that is what I said, vision is damaged by
uncontrolled<<< diabetes.

Wow... Is this like the folks that go get a cane so they can get a
cheap bus ride?

 

Michael Terrell <terrell.michael.a@gmail.com> wrote in
news:41f9914a-a822-4e13-b03c-521e5281ed32@googlegroups.com:

On Tuesday, June 18, 2019 at 4:33:36 PM UTC-4, Rick C wrote:
On Tuesday, June 18, 2019 at 3:50:40 PM UTC-4, Michael Terrell
wrote:

Moron buys an EV, then damns everyone who won't. I haven't
owned a car
in over 25 years. Only trucks. The last car was a high powered,
retired Sherriff's cruiser. I've owned smaller cars, but I am
tall, and they were painful to drive. Even some trucks are too
small for me to drive. My favorite car was a restored 1966 red GTO
that could wrap the speedometer back to the zero pin.

I bought it with a blown engine and rebuilt it. I installed a
heavy dut
y three speed automatic transmission in it, and modified the drive
train and chassis to make it fit, in place of the two speed
Powerglide transmission. Gasoline was 8.9 cents a gallon for high
test, on base, and it wouldn't hold three dollars worth of
gasoline.


The latest is a large SUV, because I needed the low chassis,
and extra
legroom to be able to get in and out without help. You can stick
your electric skateboards where the sun doesn't shine, along with
all your lies.

The United States of America is exporting oil, bitch!

How does it feel that every vehicle you've ever owned is pig dog
slow com
pared to a Tesla? My model X which has plenty of room and carries
up to 6 passengers will still stomp on anything you've ever owned.
It won't wrap the speedo needle though, doesn't have one.

Name one production vehicle without one built in 1966 or before.


You tell me. Who do you have to try so hard to impress people with
overpriced toys? I enjoyed rebuilding that GTO. The guy that blew
the engine did it at a race track. If your artificial penis is so
powerful, take it to a drag strip and race against real vehicles.
I have no desire or need to impress any fool. I also owned a Chevy
Stepvan for over a decade. Your toy would have fit inside, and you
could have up to 135 gallons of gasoline, if all five tanks were
installed. I'll bet that you couldn't do any repairs at all to
that overpriced beer can. I can still maintain a lot on my pickup
truck. I replaced a bad power steering pump a couple years ago.
Other than tires and a brake job, I used it for over a decade with
very few other problems. It still has the battery I installed no
long after I got it, 12 years ago. Go try blowing your smoke up
someone elkse's ass, you don't impress me with anything that you
post.

I'll bet you can't fix your phone though, jackass. You select the
tech you want to embrace, and make pissy elementary school brained
comments about the rest. And you could not 'fix' your embraced tech
phone if it broke. And as I recall an ordinary POTS phone *was* an
easy to fix item.

So, whatsa matta, asshole? Too much information overflow.

Hey, Terrel... YOU do not impress anyone with anything you post.

Hows that jawbone doing... any more rotten teeth?

You are a true fool. You do not know electronics.

Oh and that 'power steering pump' you replaced, is just one more
thing over the years that has made your POS pretty costly.

It is that fewer parts thing...

Something in this country smells, and it ain't Teslas.
Too many holier than thou fatasses still around.

 

Cursitor Doom <curd@notformail.com> wrote in news:qebo3e$v22$8@dont-
email.me:

On Tue, 18 Jun 2019 08:53:15 -0700, Rick C wrote:

So what is the first most unreliable part of the car?

The nut behind the wheel?

They do not hold wheels on with nuts any more.

I like how George Carlin put it.
The guy in front of me driving too slow is an idiot, and the guy that
just went flying past me is a maniac.

 

jurb6006@gmail.com wrote in news:eca7168c-16d1-4dbc-b6eb-6aff23845c63
@googlegroups.com:

Wow. What a child you are. You should change your name from
jurb6006 to TrumpTard666

That statement advanced your viewpoint how now ?

The note that you are childish.

You missed that part because of the rest. Not a surprise.

 

[Michael Terrell]

On Tuesday, June 18, 2019 at 5:11:54 PM UTC-4, bitrex wrote:

On 6/18/19 4:33 PM, Rick C wrote:
On Tuesday, June 18, 2019 at 3:50:40 PM UTC-4, Michael Terrell wrote:

Moron buys an EV, then damns everyone who won't. I haven't owned a car in over 25 years. Only trucks. The last car was a high powered, retired Sherriff's cruiser. I've owned smaller cars, but I am tall, and they were painful to drive. Even some trucks are too small for me to drive. My favorite car was a restored 1966 red GTO that could wrap the speedometer back to the zero pin.

I bought it with a blown engine and rebuilt it. I installed a heavy duty three speed automatic transmission in it, and modified the drive train and chassis to make it fit, in place of the two speed Powerglide transmission. Gasoline was 8.9 cents a gallon for high test, on base, and it wouldn't hold three dollars worth of gasoline.


The latest is a large SUV, because I needed the low chassis, and extra legroom to be able to get in and out without help. You can stick your electric skateboards where the sun doesn't shine, along with all your lies.

The United States of America is exporting oil, bitch!

How does it feel that every vehicle you've ever owned is pig dog slow compared to a Tesla? My model X which has plenty of room and carries up to 6 passengers will still stomp on anything you've ever owned. It won't wrap the speedo needle though, doesn't have one.


The generation in their 20s and 30s will write the history books to
reflect the Boomer generation in the proper light; a generation of
self-absorbed jerks who had the easy life handed to them on a platter,
and spent it tooling around on 9 cent a gallon gasoline blathering on
about how great they were while fucking everything up real good.

Very few seemed to improve with age...

Fool. You are a self centered snowflake, and China's bitch. Thanks to you losers, the raw materials for your EV's batteries help fund the Chinese Army after forcing US based Lithium mines to be shut down. You are unable to anything other than play Keyboard Warriors. I pity you, but it is far too late to turn you into men. You will die as eight year old boys, while thinking that your lives mattered to anyone other than you.

 

Jasen Betts <jasen@xnet.co.nz> wrote in
news:qecpd4$152$2@gonzo.revmaps.no-ip.org:

On 2019-06-17, John Larkin <jjlarkin@highland_snip_technology.com
wrote:
On Mon, 17 Jun 2019 14:54:28 -0400, bitrex <user@example.net
wrote:


Their most dangerous conviction was that they were always right
about everything and should therefore control everything.

The least dangerous thing that attitude causes is to wreck the
economy.

"Best president ever!"

I always thought that you had a *very* stupid side. Now I am
certain of that fact.

All those smarts and you have no capacity to assess character.

You will not be dragging this republican into your inane Twilight
Zone mentality.

 

Michael Terrell <terrell.michael.a@gmail.com> wrote in
news:f7b85256-61c6-43db-ad21-b0802e3ee178@googlegroups.com:

Fool. You are a self centered snowflake, and China's bitch. Thanks
to you losers, the raw materials for your EV's batteries help fund
the Chinese Army after forcing US based Lithium mines to be shut
down.

Terrell is an abject idiot.

America, and particularly the military have been buying advanced raw
materials form our enemies for decades, and it was long before electric
cars and their battery needs came into it.

Thanks to losers like you some folks get bent perceptions of reality.

You really should just SHUT THE FUCK UP.

 

[Bill Sloman]

On Tuesday, June 18, 2019 at 11:32:50 PM UTC+2, Cursitor Doom wrote:

On Mon, 17 Jun 2019 22:47:02 +0000, Steve Wilson wrote:

https://www.washingtonpost

Ah, there's your problem.

Cursitor Doom's problem is that the Daily Mail and Russia Today have to bad-mouth the Washington Post or admit that they are lying. Curistor Doom is a gullible twit and seems to be happy to swallow any amount of right-wing lying.

--
Bill Sloman, Sydney

 

[Rick C]

On Wednesday, June 19, 2019 at 10:10:48 AM UTC-4, John Larkin wrote:

On Wed, 19 Jun 2019 07:28:33 +0100, Tom Gardner
spamjunk@blueyonder.co.uk> wrote:

On 19/06/19 00:47, John Larkin wrote:
On Tue, 18 Jun 2019 23:28:24 +0100, Tom Gardner
spamjunk@blueyonder.co.uk> wrote:

On 18/06/19 23:11, Cursitor Doom wrote:
On Tue, 18 Jun 2019 12:04:57 -0700, John Larkin wrote:

The government offered them profit and assumed the risk. And coerced
them to make the loans.

Don't forget the ratings agencies' part in this. They certified those
liar loan packages as AAA. It's like you go to your kosher butcher for a
pound of sausages, they've been stamped by the Rabbi and all, but when
you get them home you find they're full of all sorts of disgusting shit:
dog and cat meat, gammelfleisch, dead rats, slugs, turtle rectums, hyena
entrails and elephant dung.
That may sound a bit exaggerated, but it's exactly what they did with
those minced up bundles of bum securities. Bastards.

Yup.

Capitalist bastards.
Not communist bastards.
Not socialist bastards.

Capitalist bastards.

Emigrate to Venezuela.

Strawman argument: those are grade one bastards too.

The point is not that communists or socialists are
"good", because they aren't per se.

The point is to provide solid examples that counter your previous statements in
this thread:

"The great mass murders of the last century, a
couple hundred million starved and murdered,
were engineered by socialists."
while omitting the same things done by capitalists.

About Hitler/Stalin/Mao
"Their most dangerous conviction was that they
were always right about everything and should
therefore control everything.
The least dangerous thing that attitude causes
is to wreck the economy."
while omitting that capitalists also wreck economies.

The point is that the problems are caused by rampant
mis-application of *any* ideology coupled with malice,
greed and stupidity.

Mensch ist mensch, the whole world over.

*People* are the problem.

"Capitalism" created the sweatshop mills that made poor people able to
afford clothes. It exploited labor to build the trucks that multiplied
farm output. The greedy capitalist railroad barrons let people get to
California in 5 days, where it used to take 5 months with the trail
lined with graves. Capitalists strung ugly telephone and electric
wires in cities, and added to their crimes against humanity by selling
light bulbs and leasing phones.

Doncha just hate the capitalist world you live in? That coffee, and
that coffee maker, and even those bagels, are the products of pure
greed.

*People* have all sorts of whacko ideas. Look what happens if we allow
them to just try things without proper authorization.

Oh, dear lord, I agree with you about people having whacko ideas. Being a capitalist yourself (even if not a captain of industry, not much of one anyway), you are totally in love with every aspect of it without appreciating that it does some good, but depends on people to do right. Greed often gets in the way of that. Carnegie did some great things and was very generous, but ask the people of Homestead, Pennsylvania if they think unfettered capitalism is such a great thing.

--

Rick C.

+--- Get 1,000 miles of free Supercharging
+--- Tesla referral code - https://ts.la/richard11209

 

[Rick C]

On Wednesday, June 19, 2019 at 7:46:07 AM UTC-4, Michael Terrell wrote:

On Tuesday, June 18, 2019 at 5:11:54 PM UTC-4, bitrex wrote:
On 6/18/19 4:33 PM, Rick C wrote:
On Tuesday, June 18, 2019 at 3:50:40 PM UTC-4, Michael Terrell wrote:

Moron buys an EV, then damns everyone who won't. I haven't owned a car in over 25 years. Only trucks. The last car was a high powered, retired Sherriff's cruiser. I've owned smaller cars, but I am tall, and they were painful to drive. Even some trucks are too small for me to drive. My favorite car was a restored 1966 red GTO that could wrap the speedometer back to the zero pin.

I bought it with a blown engine and rebuilt it. I installed a heavy duty three speed automatic transmission in it, and modified the drive train and chassis to make it fit, in place of the two speed Powerglide transmission. Gasoline was 8.9 cents a gallon for high test, on base, and it wouldn't hold three dollars worth of gasoline.


The latest is a large SUV, because I needed the low chassis, and extra legroom to be able to get in and out without help. You can stick your electric skateboards where the sun doesn't shine, along with all your lies.

The United States of America is exporting oil, bitch!

How does it feel that every vehicle you've ever owned is pig dog slow compared to a Tesla? My model X which has plenty of room and carries up to 6 passengers will still stomp on anything you've ever owned. It won't wrap the speedo needle though, doesn't have one.


The generation in their 20s and 30s will write the history books to
reflect the Boomer generation in the proper light; a generation of
self-absorbed jerks who had the easy life handed to them on a platter,
and spent it tooling around on 9 cent a gallon gasoline blathering on
about how great they were while fucking everything up real good.

Very few seemed to improve with age...

Fool. You are a self centered snowflake, and China's bitch. Thanks to you losers, the raw materials for your EV's batteries help fund the Chinese Army after forcing US based Lithium mines to be shut down. You are unable to anything other than play Keyboard Warriors. I pity you, but it is far too late to turn you into men. You will die as eight year old boys, while thinking that your lives mattered to anyone other than you.

You remind me of George C. Scott's character in Dr. Strangelove worried about the commies, "Mr. President, we must not allow a mine-shaft gap!"

BTW, you have your minerals confused. What you are talking about is not lithium. Believe it or not, it makes a difference. It doesn't work to just think everything bought from China is the same story.

--

Rick C.

-+++ Get 1,000 miles of free Supercharging
-+++ Tesla referral code - https://ts.la/richard11209

 

[John Larkin]

On Wed, 19 Jun 2019 09:34:50 +0000 (UTC),
DecadentLinuxUserNumeroUno@decadence.org wrote:

John Larkin <jjlarkin@highlandtechnology.com> wrote in
news:jdthgel5mbpkmkc4q30qsqm5tf7kgsr0nt@4ax.com:

That was mostly a real estate bubble with a lot of paper profits
and
paper losses.


Nice simplification, Larkin.

You are a really simple person, eh?

It was significant enough that it was given a name.

The United States Housing Bubble.

It was significant enough that it affected markets globally.

It was significant enough that is caused a major recession.

It was significant enough that we are now paying for something
which we did not do, and those that did do it suffered little by
comparison.

Yep... Larkin is simple. Larkin is a simpleton.

You are in constant combat mode. That will kill you from within.


--

John Larkin Highland Technology, Inc

lunatic fringe electronics

 

[John Larkin]

On Wed, 19 Jun 2019 07:28:33 +0100, Tom Gardner
<spamjunk@blueyonder.co.uk> wrote:

On 19/06/19 00:47, John Larkin wrote:
On Tue, 18 Jun 2019 23:28:24 +0100, Tom Gardner
spamjunk@blueyonder.co.uk> wrote:

On 18/06/19 23:11, Cursitor Doom wrote:
On Tue, 18 Jun 2019 12:04:57 -0700, John Larkin wrote:

The government offered them profit and assumed the risk. And coerced
them to make the loans.

Don't forget the ratings agencies' part in this. They certified those
liar loan packages as AAA. It's like you go to your kosher butcher for a
pound of sausages, they've been stamped by the Rabbi and all, but when
you get them home you find they're full of all sorts of disgusting shit:
dog and cat meat, gammelfleisch, dead rats, slugs, turtle rectums, hyena
entrails and elephant dung.
That may sound a bit exaggerated, but it's exactly what they did with
those minced up bundles of bum securities. Bastards.

Yup.

Capitalist bastards.
Not communist bastards.
Not socialist bastards.

Capitalist bastards.

Emigrate to Venezuela.

Strawman argument: those are grade one bastards too.

The point is not that communists or socialists are
"good", because they aren't per se.

The point is to provide solid examples that counter your previous statements in
this thread:

"The great mass murders of the last century, a
couple hundred million starved and murdered,
were engineered by socialists."
while omitting the same things done by capitalists.

About Hitler/Stalin/Mao
"Their most dangerous conviction was that they
were always right about everything and should
therefore control everything.
The least dangerous thing that attitude causes
is to wreck the economy."
while omitting that capitalists also wreck economies.

The point is that the problems are caused by rampant
mis-application of *any* ideology coupled with malice,
greed and stupidity.

Mensch ist mensch, the whole world over.

*People* are the problem.

"Capitalism" created the sweatshop mills that made poor people able to
afford clothes. It exploited labor to build the trucks that multiplied
farm output. The greedy capitalist railroad barrons let people get to
California in 5 days, where it used to take 5 months with the trail
lined with graves. Capitalists strung ugly telephone and electric
wires in cities, and added to their crimes against humanity by selling
light bulbs and leasing phones.

Doncha just hate the capitalist world you live in? That coffee, and
that coffee maker, and even those bagels, are the products of pure
greed.

*People* have all sorts of whacko ideas. Look what happens if we allow
them to just try things without proper authorization.


--

John Larkin Highland Technology, Inc

lunatic fringe electronics

 

[Bill Sloman]

On Tuesday, June 18, 2019 at 11:39:00 PM UTC+2, John Larkin wrote:

On Tue, 18 Jun 2019 21:49:04 +0100, Tom Gardner
spamjunk@blueyonder.co.uk> wrote:

On 18/06/19 20:04, John Larkin wrote:
On Tue, 18 Jun 2019 18:41:03 +0100, Tom Gardner
spamjunk@blueyonder.co.uk> wrote:

On 18/06/19 15:40, John Larkin wrote:
On Tue, 18 Jun 2019 13:19:31 +0100, Tom Gardner <spamjunk@blueyonder.co.uk
wrote:

On 18/06/19 04:53, John Larkin wrote:
On Tue, 18 Jun 2019 01:51:43 +0100, Tom Gardner
spamjunk@blueyonder.co.uk> wrote:

On 18/06/19 01:33, John Larkin wrote:
On Tue, 18 Jun 2019 01:08:46 +0100, Tom Gardner
spamjunk@blueyonder.co.uk> wrote:

On 17/06/19 20:51, John Larkin wrote:
On Mon, 17 Jun 2019 14:54:28 -0400, bitrex <user@example.net
wrote:

On 6/17/19 12:50 PM, Tom Gardner wrote:
On 17/06/19 17:45, John Larkin wrote:
On Mon, 17 Jun 2019 17:21:25 +0100, Tom Gardner
spamjunk@blueyonder.co.uk> wrote:

On 17/06/19 16:29, John Larkin wrote:
The great mass murders of the last century, a couple
hundred million starved and murdered, were engineered
by socialists.

Except for those in that centuries, previous centuries,
and the current century that can only be described as
capitalists - and who embody and demonstrate traditional
libertarian ideals.

I was thinking of Stalin, Hitler, Mao, Pol Pot, Kim,
Castro, Maduro. Who did you have in mind?

Those people were indeed grade one bastards.

Slavers are the obvious example.

But there are many less extreme ones. All you have to do is
look at the fascist and/or religious dictatorships.



JL isn't particularly hip to the influence time or culture in
his analysis of world history; in his universe Hitler and
Stalin and Mao became "socialist" one day and all evil sprung
out of that one decision, and not the fact that these were
people who had an enormously effective personality cult
surrounding them and that their attraction to the people, the
masses of millions of people who desperately wanted them to be
in power (at least for a while), was almost entirely divorced
from what they actually believed about organizing a society.

What were Hitler, Stalin, and Mao's actual convictions on what
principles should be used to organize a society? Well if you
read their writings what you'll notice is that for the most
part it seems like they didn't really have many. Or at least
nothing particularly consistent. It varied with time and
political necessity. The only really consistent thing about
them was that they were inconsistent in what they believed
about things

Their most dangerous conviction was that they were always right
about everything and should therefore control everything.

The same is true of rampant free-marketeers and libertarians.

But they have to compete. And we have elections.



The least dangerous thing that attitude causes is to wreck the
economy.

Unfortunately rampant capitalism (and their accountants and MBAs)
/did/ wreck the economy.

"Capitalism" was a slur invented by Marx. We don't live in a world
dominated by Capital. I don't think anyone ever has.

Even if correct, that wouldn't change the principal point.

Capitalists /did/ wreck the economy.

Is the economy wrecked? I hadn't noticed. Which Capitalists did that?

Didn't you notice the 2007 crash? Many people did, and many are still
suffering from the consequences.


That was mostly a real estate bubble with a lot of paper profits and paper
losses.

Yup. Traditional capitalist speculation at work.


It was driven by Fanny and Freddy here, quasi-government entities. They
encouraged banks to lend, so the banks did. Capitalist banks never would have
made the insane loans that they did if they couldn't hand off the rotten
packages to the government.

Yup. That is indeed what the capitalists did, and how
the capitalists screwed the economy and us and our
children.

Not communists. Not socialists. Capitalists.

The government offered them profit and assumed the risk. And coerced
them to make the loans.

Before Bill Clinton deregulated the home mortgage business, things
were pretty stable.

I think the key problem was allowing banks etc to
loan more against their assets.

It used to be that small, mostly local "Savings and Loans" banks could
write mortgages, and general banks couldn't. Banks couldn't play in
the stock market either. After the deregulation, it became the Wild
West.

I got a Liar Loan from Wells Fargo. They didn't care because they
wanted to package it up and sell it.

As usual, even a decade after the fact of the crash, 100 economists
have 300 theories about what happened.

https://en.wikipedia.org/wiki/Government_policies_and_the_subprime_mortgage_crisis

It's more that 90 of those 100 economists have one theory, and the other ten - who specialise in keeping rich people happy - have cobbled together the other 299 theories for 299 different rich people.

John Larkin is the kind of gullible twit who can't distinguish between the 299 bogus theories and the one story that most economists are happy with.

In the same way that he's happy with all sorts of explanations about why anthropogenic global warming isn't actually caused by humans, and isn't going to inconvenience us even if it does get worse.

--
Bill Sloman, Sydney

 

[Tom Gardner]

On 19/06/19 15:10, John Larkin wrote:

On Wed, 19 Jun 2019 07:28:33 +0100, Tom Gardner
spamjunk@blueyonder.co.uk> wrote:

On 19/06/19 00:47, John Larkin wrote:
On Tue, 18 Jun 2019 23:28:24 +0100, Tom Gardner
spamjunk@blueyonder.co.uk> wrote:

On 18/06/19 23:11, Cursitor Doom wrote:
On Tue, 18 Jun 2019 12:04:57 -0700, John Larkin wrote:

The government offered them profit and assumed the risk. And coerced
them to make the loans.

Don't forget the ratings agencies' part in this. They certified those
liar loan packages as AAA. It's like you go to your kosher butcher for a
pound of sausages, they've been stamped by the Rabbi and all, but when
you get them home you find they're full of all sorts of disgusting shit:
dog and cat meat, gammelfleisch, dead rats, slugs, turtle rectums, hyena
entrails and elephant dung.
That may sound a bit exaggerated, but it's exactly what they did with
those minced up bundles of bum securities. Bastards.

Yup.

Capitalist bastards.
Not communist bastards.
Not socialist bastards.

Capitalist bastards.

Emigrate to Venezuela.

Strawman argument: those are grade one bastards too.

The point is not that communists or socialists are
"good", because they aren't per se.

The point is to provide solid examples that counter your previous statements in
this thread:

"The great mass murders of the last century, a
couple hundred million starved and murdered,
were engineered by socialists."
while omitting the same things done by capitalists.

About Hitler/Stalin/Mao
"Their most dangerous conviction was that they
were always right about everything and should
therefore control everything.
The least dangerous thing that attitude causes
is to wreck the economy."
while omitting that capitalists also wreck economies.

The point is that the problems are caused by rampant
mis-application of *any* ideology coupled with malice,
greed and stupidity.

Mensch ist mensch, the whole world over.

*People* are the problem.

"Capitalism" created the sweatshop mills that made poor people able to
afford clothes. It exploited labor to build the trucks that multiplied
farm output. The greedy capitalist railroad barrons let people get to
California in 5 days, where it used to take 5 months with the trail
lined with graves. Capitalists strung ugly telephone and electric
wires in cities, and added to their crimes against humanity by selling
light bulbs and leasing phones.

Doncha just hate the capitalist world you live in? That coffee, and
that coffee maker, and even those bagels, are the products of pure
greed.

All true, but that doesn't change the point!

Just because X has some beneficial consequences:
doesn't mean:
- X has zero bad consequences
- Y, Z don't have similar beneficial consequences
- Y, Z don't have different beneficial consequences

Fundamentally I object to lazy thinking leading to
ignoring dysfunctional aspects of anything. That
applies to electronics, software, politics, religion,
etc.

*People* have all sorts of whacko ideas. Look what happens if we allow
them to just try things without proper authorization.

Some of them die. Some of them kill other people, indirectly
or directly. Some of them save other people. Etc.

What's your point?! Sounds like you are advocating untrammeled
libertarian anarchy.