Agree.

It promotes "link masters" that themselves know nothing, and only "refer" you to some other wannabe on the great internet. If you can't explain it yourself, then you should not offer an opinion.

It also promotes the "news sources", those that post nothing else but links or copies of something else on internet. I do it, particularly in this tread, but this is not what an absolute majority of my posts are.

??? why this?

For instance, whether US attacked Iraq, or Iraq attacked US, the battle of *whatever* can still take place.

Accepted history tells as, that the war started with Germany attacking USSR. This is not how it happened. The rest of it, the war, yes, it did happen.

Emphasis on REWRITTEN. Books were changed to form a desired opinion in readers.

Same stuff as Hitler's Germany "attacking" Soviet Union. Nothing to do with reality. Smoke and Mirror.

According to rewritten history books, the cause that prompted the new deal was the excesses and shortcomings of free market capitalism. Markets made a serious mistake.

LOL

A boy is playing with a girl, when she says that she is concerned with some blood. A boy puts on his thinking cap and asks to see. She shows.

A boy thinks for some time, then says: - "As far as I can tell, you're bleeding because your penis has been torn off!".

Prediction one. The twenty-five-year equities bubble pops in 2009. U.S. and foreign equities markets will stop treading water and realign with economic reality. Stock prices will cease to reflect the “greater fool” mentality and will return to being a function of dividend yields, which have long been miserable. The S&P 500 will sink below 500. In a bid to stem the panic, the government will enforce periodic “stock market holidays”, and will vastly expand the scope of its short-selling prohibitions—eventually banning short-selling altogether.

Prediction two. With public pension systems and tens of millions of 401k holders virtually wiped out—and with the Baby Boomers retiring en masse—there will be tremendous pressure on the government to get into the stock market in order to bid up prices.

Therefore, sometime in 2010, the Federal Reserve will create and loan out hundreds of billions of fresh dollars to the usual well-connected suspects, instructing them to buy up stocks on the public’s behalf. This scheme will have a fancy but meaningless name—something like the “Taxpayer Assurance Equities Facility”. It will have no effect other than to serve as buyer of last resort for capitulating smart-money types who want to get out of stocks entirely.

Prediction three. Millions of new retirees—including white-collar people with high expectations for a Golden Retirement—will be left virtually penniless. Thousands will starve or freeze to death in their own homes. Hundreds of thousands will find themselves evicted and homeless, or will have to move in with their less-than-enthusiastic children. Already strained by the rising tide of the working-age unemployed, state and local welfare services will be overwhelmed, and by 2012 will have largely collapsed and ceased to function in many parts of the country.

Prediction four. “Quantitative easing” will fail to restart previous patterns of lending and consumption. As the government sends out additional “rebate” checks and takes ever-more drastic measures to force banks to lend, hyperinflation could take hold. However, comprehensive debt relief via a devaluation of the dollar is even more likely. This would entail the government issuing one “new” dollar for some greater number of “old” dollars—thus reducing both debts and savings simultaneously. This would make for a clean slate a la Fight Club.

As there are many more debtors than savers in the U.S., the vast majority would support devaluation. The Chinese and other foreign holders of our bonds would be screaming mad, but unable to do anything. Every country that has not found a way out of dollar-denominated reserve assets by 2012 will see its reserves eliminated.

Prediction five. The government will stop pretending that it can finance continuous multi-trillion-dollar deficits on the private market. By late 2010, the sole buyers of new U.S. Treasury and agency bonds will be the Federal Reserve and a few derelict financial institutions under government control. This may or may not lead to hyperinflation. (See prediction four).

Prediction six. As the need for financial industry paper-pushers declines and people have less money to spend on lawyers and Starbucks (SBUX), unemployment will rise until the private sector has eliminated all of its excess capacity and superfluous or socially needless jobs. The government’s narrow unemployment figure (U3) will rise into the high teens by late 2010. The government’s broader unemployment figure (U6) will cease to be reported when it reaches 25 percent—it will simply be too embarrassing. Ultimately, one in three work-eligible Americans will be unemployed, underemployed, or never-employed (e.g. college grads permanently unable to find suitable work).

Prediction seven. With their pension dreams squashed, and their salaries frozen or cut, police and other local government workers will turn to wholesale corruption in order to survive. America’s ideal of honest, courteous, and impartial cops, teachers, and small-time local functionaries will have come to an end.

Prediction eight. Commercial overcapacity will strike with a vengeance. By 2012, thousands of enclosed malls, strip malls, unfinished residential developments, motels, truck stops, distribution centers, middle-of-nowhere resorts and casinos, and small-city airports across America will turn into dilapidated, unwanted, and dangerous ghost towns. With no economic incentive for their maintenance or repair, they will crumble into overgrown, plywood-and-sheet-rock ruins.

Prediction nine. By the end of 2010, tens of millions of households will have fallen behind on their mortgages or stopped paying altogether. Many banks will be unable to process the massive volume of foreclosure paperwork, much less actually seize and resell the homes.

Devaluation (as mentioned in prediction four) could ease the situation for those mortgage holders still afloat, but it would also eliminate any incentive for most banks to stay in the mortgage business. In any case, the housing market in many parts of the country will lock up completely—nothing bought or sold.

With virtually no loans being made, even the government will finally acknowledge that most banks are fundamentally insolvent. A general bank run will only be averted through a roughly one trillion-dollar recapitalization of the FDIC, courtesy of new money from the Federal Reserve.

Prediction ten. As an economy is never independent of the society within which it functions, the next few paragraphs will focus on social and political factors. These factors will have as much of an impact on market and consumer confidence as any developments in the financial sector.

Whether rightly or not, President Obama, having come to power at the dawn of this crisis, will be blamed for it by over 50 percent of the population. He will be a one-term president. In response to his perceived socialization of America, there will be a swarm of secessionist and extremist activity, much of it violent. Militias and armed sects will be more prominent than in the early 1990s. Stand-off dramas, violent score-settlings, and going-out-with-a-bang attacks by laid-off workers and bankrupted investors—already a national plague—will become an everyday occurrence.

For both economic and social reasons, millions of immigrants and guest workers will return to their home countries, taking their assets and skills with them. The flow of skilled immigrants will slow to a trickle. Birth rates will plummet as families struggle with uncertainty and reduced (or no) income.

Property crime will explode as citizens bitter over their own shattered dreams attempt to comfort themselves by taking what is not theirs. Mutinies and desertions will proliferate in an increasingly demoralized, over-stretched military, especially when states can no longer provide the educational and other benefits promised to their National Guard troops.

There will be widespread tax collection issues, and a huge backlash against Federal and state bureaucrats who demand three-percent annual pay raises while private sector wages remain frozen or worse. In short, the “Tea Parties” of tomorrow will likely not be so restrained.

Finally, between now and 2012, we are likely to see another earth-shaking national embarrassment on the scale of the 9/11 attacks or Hurricane Katrina and its aftermath. This will demonstrate conclusively to all Americans that their government, even under a savior-figure like Obama, cannot, in fact, save them.

By 2012, there will be a general feeling that the nation is in immediate danger of blowing up or coming apart at the seams. This fear will be justified, given that the U.S. has always been held together by the promise of a continuously rising material standard of living—the famous “pursuit of happiness”—rather than any ethnic or religious ties. If that goes, so could everything else. We were lucky in the 1930s—we may not be so lucky again.


Aren't you glad we had FDR and decided to become a socialist country? Aren't you glad we decided to follow the path of Soviet Union?

My English teacher showed me "a thing or two", and she was ripe, pretty lady about 20-22, I think.

Now, that was what I call "a sex education". I loved it. (She loved it too )

The problem of online gaming remains: you're still playing with wannabe children, so they are going to cheat, lie, and run around like they're on drugs.

Of all the "offices", only 2000 rocks. 97 isn't the real thing yet, and after 2000 it was all gay.

Yep, that's Micro$oft.

Some children deserve more than a simple shock collar.

You need a justification?

I don't.

Socialists in general, do not like direct questions. I know, I know, honey. It is so cool to be able to do both, and to say something proudly when you don't really mean it.

Alfa-Romeo may be what it is, and Obama still makes stupid decisions, and wastes America's money.

How sweet of you. By the way folks, this is how socialists define freedom:

"If you don't like it, - don't use it, but we will still extort the money from you for our own entitlements!"



I see. So, if I have problem with folks getting food stamps on my dime, then I must have a hidden agenda!

What is wrong?

A little tiny bit is wrong.

In order for a single socialist program to exist, an armed robbery must be committed by the government, against it's citizens.

If you were to collect you socialist funds voluntarily, I couldn't care less if you live in socialism or capitalism.

This necessity for violence, is characteristic to socialism.

Don't worry, about who it was, for what he said wasn't true, and he was an ASSH0LE.

Yes, you're right.

But this is a downside only for a knowledgeable user. For Micro$oft it equates to money and for wannabes it equates to "cool", "new" OS.

So, will you defend that or will you defend that only sometimes?

I think that FIAT isn't such a great car. I tried it, and it sucked. Reminds me a Yugo.