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A Lesson In Moral Hazard - Blaming Capitalism Is Wrong

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posted on Jan, 18 2010 @ 12:09 AM
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I authored this article on Fascist Soup:

Why blaming capitalism for the problems of fascist government policy is wrong:



It doesn't take a rocket scientist to figure out that when you back junk sub-prime loan packages with tax payer dollars, lenders have a massive incentive to make outrageous loan deals.

The "fraud" is the moral hazard our government created when it backed the sub-prime loan market with Fannie and Freddie, effectively making junk loans AAA rated.

Of course, the rating agencies all rated the sub-primes as AAA BECAUSE OF THE VERY FACT that Fannie and Freddie were backing the loans!

This is like US Treasury bonds being rated AAA because its impossible for the US to default on them. They will simply inflate if they have to, but they will always make the payments.

Don't blame capitalism for the problems created by fascist crony politicians getting in bed with Wall Street.

Fannie and Freddie now want 800 billion in bailout monies to pay back the corrupt bankers that made these deals.

YOUR MONEY will be given to the banks, courtesy of Barney Fwank.




[edit on 18-1-2010 by mnemeth1]




posted on Jan, 18 2010 @ 12:36 AM
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You beat me to this topic, spectacular I might add.

If you want to know for certain capitalism isn't the problem which causes global warming, simply look at those pictures of China recently.

If you want to know for certain that capitalism isn't the reason for the economic problems we face today, you must first realize that in all endeavors (businesswise at least) to be sucessful you need a thing called ethics.

Yes, ethically bankrupt capitalism is a problem but so is ethically bankrupt anything else.

My 2c.

sf



posted on Jan, 18 2010 @ 12:43 AM
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reply to post by mnemeth1
 


Capitalism is worse than Communism in my honest opinion.

At the end of a "buisness cycle" people go broke, loose their homes, loose their jobs, credit tightens up, and a bunch of other economic goodies everyone dislikes.

At the end of capitalism comes communism, because people are forced out of their homes and do not get any money back that they have invested into their property.

Capitalism is the problem, the housing market is a failure because the problem is systemic.

The courts and lawyers steal homes from people that can not read and write and defend themselves.

Look into Karl Marx, he gets into capitalism and communism.



posted on Jan, 18 2010 @ 12:51 AM
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reply to post by Quickfix
 


The business cycle is created by the central banking system we have, which is straight out of Marx's manifesto.

See "Austrian Economics" for a proper explanation of the business cycle.

You've been guzzling the Keynesian kool aid.



posted on Jan, 18 2010 @ 12:54 AM
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I do not, but I do blame capitalists who use this economy like a two buck hooker and I do
blame people who guard the fantastic creations of fraud as forms of capitalism, producers producing and the like... I do make a distinction between a legitimate business and a business of manipulation and speculation, I can be outpaced by the scripture wielding agent as my determination is only an opinion. Likely I was sired by the demonic desires of the nymph of mental retardation, daughter of Mao, father by Engles, APR by the FED...

Folks who cannot smell the stench of their own assess, symptomology is usually rallied with categorical truths and volumes of history, luckily ideas do not pose as odors. In these regards I can smell a moral hazard and find just as much fun in the hazard of moral, a fine story of regard, outlining the outline of the outlines of flawless ideas born of considerable name and pen. Surely the outlaws hate the idea of making money by the money method they made... I like the idea of throwing the naves and virtuous into one cell; declaring "good people in yander cell are victims of those who hold title to the structure".
Why yes there are good people in that cage, life is precious and these men have no identification on them, we are all free and will be able to smell any poison and taste any closing bullet as a matter of common sense.

There is god in what you can do and if god is there during the conception he must remain for the result. Mercenaries implied trust, for being struck by the moral hazard of a fleet of automobiles going 70 towards you on the highway is your fault, buyer beware. Cars can go pretty fast and people are able to board your path going the wrong way. Anything is possible friends, not all clear liquid is water...



posted on Jan, 18 2010 @ 12:58 AM
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reply to post by Janky Red
 


How about we make a wager?

I will whip you and you can call out to god for help and when he comes, I will stop wipping you.

[edit on 18-1-2010 by Quickfix]



posted on Jan, 18 2010 @ 01:02 AM
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Originally posted by mnemeth1
reply to post by Quickfix
 


The business cycle is created by the central banking system we have, which is straight out of Marx's manifesto.

See "Austrian Economics" for a proper explanation of the business cycle.

You've been guzzling the Keynesian kool aid.


I know about the manifesto. What you said doesn't change the fact that people are removed from their homes by the thousands and since this is the worst housing failure to ever occur people are homeless by the millions.

Capitalism may seem like it works and yeah it does, it is one of the most effective killers on the planet.

Go look into Ukrain and see what happened over there.

Mass death by starvation, millions died.



posted on Jan, 18 2010 @ 01:05 AM
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Originally posted by Quickfix
reply to post by Janky Red
 


How about we make a wager?

I will wipe you and you can call out to god for help and when he comes, I will stop wipping you.


well I am not into being wiped

But of course god allows for anything possible, therefore god must sanction brutal Charmin attacks and Ford pintos alike.



posted on Jan, 18 2010 @ 01:08 AM
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reply to post by Janky Red
 


Haha, yeah, nah I figure you wouldn't be into being whipped.

Just trying to make a point that their is more to God then all human beings realize and you need to rely on yourself more then something that may never show up.



posted on Jan, 18 2010 @ 01:16 AM
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Originally posted by Quickfix
reply to post by Janky Red
 


Haha, yeah, nah I figure you wouldn't be into being whipped.

Just trying to make a point that their is more to God then all human beings realize and you need to rely on yourself more then something that may never show up.


Well I rely on the fact that a person is 100% guilty and responsible for everything,
a hungry man is made more hungry by food and that men who deal fraud in capital
are infact socialists using the unforeseen socialism-s that made the most successful capital holders, holders.



posted on Jan, 18 2010 @ 01:18 AM
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reply to post by Quickfix
 


Actually, socialism is one of the most effective killers on the planet.

It was responsible for around 100 million deaths this past century.



posted on Jan, 18 2010 @ 01:22 AM
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reply to post by mnemeth1
 


Socialism is a good killer also, but it isn't as subtle as Capitalism is.

Thats why it is being used.

Also there is a mix of socialism in capitalism.

Social Security??

[edit on 18-1-2010 by Quickfix]



posted on Jan, 18 2010 @ 01:23 AM
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reply to post by Quickfix
 


Buddy, in case you missed the original post, we don't have capitalism here in America, so stop calling it that.

Socialist security is not a mix of capitalism and socialism, its socailism.

Period.

Its also 10 trillion in the hole and run as a gigantic ponzi scheme.

Any investor operating a retirement fund like Socialist Security would be sent to prison for life, see Madoff.


[edit on 18-1-2010 by mnemeth1]



posted on Jan, 18 2010 @ 01:26 AM
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reply to post by mnemeth1
 


Well I am sorry, but reading your title to your thread threw me off then.

Blaming Capitalism is Wrong.

So what is your point?

My point is Capitalism is horrible subtle way of killing millions and is to blame.



posted on Jan, 18 2010 @ 01:28 AM
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reply to post by Quickfix
 


I don't think you understand the economic forces at work here.

Any time government involvement is to blame for economic problems, it has nothing to do with capitalism.

Capitalism involves NO government at all.

In a capitalist system, governments ONLY role is to prosecute fraud and uphold contract law.

Subsidies, bailouts, tax breaks, government contracts, handouts, etc.. etc.. etc.. are SOCIALIST or FASCIST in nature.


[edit on 18-1-2010 by mnemeth1]



posted on Jan, 18 2010 @ 01:36 AM
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Originally posted by mnemeth1
reply to post by Quickfix
 


Actually, socialism is one of the most effective killers on the planet.

It was responsible for around 100 million deaths this past century.



well any ism is a good damn life killer for most, either way most of us will be forced
by our ism's to show up everyday, at a specific time and place just to maintain life.
What these ism's all prove is that money is the prime motivation of this world, distilled
freedom as far as freedom can be asserted. In defense of the possibility that you might one day be free to go or do what you want when you want, without the fear of starvation or exposure.

The fence of this freedom keeps moving towards the center, all are free to try, none are allowed to opt out. God be blessed that the measure of a man is his weight in gold, such wisdom that separates the goodness of a man from what makes a good man. Fantastic for me I received an ample supply of the latter while the
primary was passed on to the useful people who find good use for the useless.



posted on Jan, 18 2010 @ 01:46 AM
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Originally posted by mnemeth1
reply to post by Quickfix
 


I don't think you understand the economic forces at work here.

Any time government involvement is to blame for economic problems, it has nothing to do with capitalism.

Capitalism involves NO government at all.

In a capitalist system, governments ONLY role is to prosecute fraud and uphold contract law.

Subsidies, bailouts, tax breaks, government contracts, handouts, etc.. etc.. etc.. are SOCIALIST or FASCIST in nature.


[edit on 18-1-2010 by mnemeth1]


The bailout was provided by a private source and not by the tax payers, just so you know.

Of course I don't understand the economic forces at work.

The economy has 10% unemployment, 20 million or so people are homeless, and the U.S. Corporate government is reaping alot of wealth from the fraudulent system that they have created for the very purpose of pushing people from their homes and keeping their money.

I would never understand....



posted on Jan, 18 2010 @ 01:49 AM
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reply to post by Janky Red
 


The problem with having so much labor is you need to feed, house, clothe, bath, and pretty much be mommy and daddy.

So it goes back to the Sun, the Earth, and Water.

Start growing food and farming is all I could suggest.



posted on Jan, 18 2010 @ 01:50 AM
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reply to post by Quickfix
 


Well, the bailouts were created by a function of government.

With out government creating the Federal Reserve, there would be no bailouts. Without congress approving, the TARP program never would have gone forward. The US government is solely responsible for the looting that is occurring. They are the ones making it possible through the monetary system they established.

If we had a constitutional monetary system, the bailouts never would have happened.

There would be no FDIC.

There would be no Fannie and Freddie.

There would be no TARP.

There would be no Federal Reserve.

And today, there would be no Goldman Sachs or AIG either since there would be no bailouts.



posted on Jan, 18 2010 @ 01:54 AM
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reply to post by mnemeth1
 


If there was a legitamate government there would be no need for a bailout.

The Bailout was not created by any government, it was created by a private sector and I may or may not be apart of that sector.



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