Re: Will it flush? will it not flush... that is the question.

On Nov 26, 2:40 pm, Straydog <a...@xxxxxxxxx> wrote:
On Mon, 26 Nov 2007, phil scott wrote:
On Nov 26, 12:41 pm, Straydog <a...@xxxxxxxxx> wrote:
On Mon, 26 Nov 2007, phil scott wrote:
On Nov 26, 11:33 am, Straydog <a...@xxxxxxxxx> wrote:

deleto







That stuff below is not all that much different than stories I heard about
the Great Depression. Back then, you went to the bank and they offered
people a nickle on the dollar for their deposits. That seems to be
happening again, here, 75 years later only the details are a little
different. Today's WSJ has a front page article on recession fears. And,
its Big Time, too.

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big deleto

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these use the term 'recession' for a purpose... it connotes a
recoverable short term set back..an attempt to alay fear and panic...
when the underlying indicators are for something a whole hell of a lot
worse than the great depression.... then, we had a monopoly on world
manufacture as a gold mine from which to recover.. thats no longer the
case.

A lot of people don't like the idea that governments can raise money by
debt limit increases, and a smaller number of people realize that banks
raise money by something pretty close to magic (via "fractional reserve
banking"), and an even smaller number of people exploit what I'll call
"variable value 'X's" where X can be "stocks" "bonds" and all manner of
weirdo "financial instruments" where, smoke and mirrors, fast-talking,
"tricks" and "trends" and all manner of "mass psychology" and mixed in
with various "favors" and "manipulations" and some outright fraud,
monopolies, price-fixings, etc., ......and...poof...out of all that
some people get rich, and other people get poor, and still other people
(like us) sit back and watch it all.

Ever wonder about that?

yes I have wondered about that... my own case is a prime example...
raised in a working class family.. the genes told me to work, earn
money etc...and while ive founded several reasonably successful
businesses and investments, my head is not exclusively into that...
(for instance I hired illegals in 1980 an paid them 2 to 3x minimu,
wage, didnt have to)...its into a fair exchange mental set. (and Im
glad of that)... the manipulation mental set is along the lines of
getting something tangible from someone else without working..

Yeah, more or less.

Such a mental set defines the being...a being with that algorithm at
the core of his brain is actually a disease on the rest of the culture
imo... soe even look like a disease to me.. emaciated, ruthless, no
heart.. rip off at every opening, gutless wonder types.

benign at the first like a tumor, then with time and age it goes
malignant....and becomes a disease carrier for anything that gets
near. Ive seen all stages of that and have elected to pass.

Well, my gut feeling is about if you have one dollar in one pocket and one
dollar in the other pocket, then you have two dollars. Concrete. And, if
you got no dollars, then you can't buy anything. Kinda like "primitives"
who can't count.


my feeling is...you have a skill saw and a conduit bender you can
always hussle up something to do and have more than two dollars....
until the end, then you hope to die before you need the two
dollars.


I have noticed thoough some happy and free old farts over the years,
riding the rails, living in tar paper shacks...always doing just fine,
with their bindle and coffee made in a tin can over fire made with
union pacific lumber...

an exciting life, i did a little of it my teens and 20's... one time
catching a freight that ended up on a siding in the middle of the
nevada desert all night... you never know if you can manage to stay
warm long enough to snag the next slow moving freight out of there.
its a hell of an adventure. low cost also.



Phil scott



But, bring in "modern finance" (i.e. making money out of nothing), and you
can have zero dollars in your pocket and still build a mansion! All you
need to do is _con_ someone ELSE to loan you the money. Why would they do
that? If you promised to pay interest. Most people "fall for" this. Then,
you re-title the mansion in a corporate name then declare bankruptcy.

Voila! Free assets. Hand quicker than the eye.

There are books on this. Unfortunately....there are risks. tsk, tsk.





Phil Scott

Phil scott

Phil Scott- Hide quoted text -

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