patrick.net

Bah! You know better!

Ha! See, I got Randy to come back. :)

Yes, I've been accused of using it too loosely but I have genuine concerns about how severe this is going to get. Some of these proposals are starting to sound like there is such a pent up panic that the solutions almost seem like an overthrow.

No. I argued that most people would lose money in gold.

That's fine. In a healthy speculative market, most people must lose money.

BTW, I like hearing from you as well, I'm still a fan of your threads.

Should we plan for the March Blog Party? Perhaps we should plan it with traffic in mind this time?

To me, the government becoming the national bank resembles something from 60s and 70s Argentina. That's my level of concern.

We are headed for the same patterns of devaluation, buying votes in elections years, and then the required seizures from some groups to satisfy other groups. Ron Paul was our last hope and I'm not normally the alarmist.

Should we plan for the March Blog Party?

I'm in. I'll be earlier this time.

Is there a place that is both ferry-accessible and train-accessible?

Ron Paul was our last hope and I’m not normally the alarmist.

Ron Paul is a respectable statesman. Yes, it is rare to have "respectable" and the name of a politician in the same sentence.

Too bad he is not a very good shepherd of sheeple.

I don't think all is lost ... yet. We've got a couple years left to turn this all around. Ron Paul had mostly the right ideas, but at the wrong time. He's too old, and too early. The "capitulation" as it were hasn't come yet. That's happening now.

I sort of like the Strauss & Howe generational/war theory, which holds that we're due for a true turning in societal attitude towards "big" things. I think that turning is in process. If it comes soon enough or is effective is anyone's guess.

What I'm looking for now is someone with leadership qualities, regardless of whether they are saying all the right political garbage. My hero is Teddy Roosevelt.

Is there a place that is both ferry-accessible and train-accessible?

Not really. The ferry building is Muni accessible from the train station.

Don't sweat the ferry. There aren't that many of us in the North Bay.

Of course we are at a major turn. I repeat, Pluto's entry into Capricorn and the nation's run-up to its Pluto return is *very* significant.

My hero is Teddy Roosevelt.

Yes, I like *this* Roosevelt too.

Why?

Why what?

Teddy

For one, he is not *that* Roosevelt. :)

Malcolm,

I have a technical degree and I can agree with your original statement. I don't think it is offensive. You clearly did not say it as a put-down.

I can probably think of at least half-a-dozen stock purchase slam-dunks I could have participated in, if only I had a firm grasp of the day-to-day emotion of the herd.

I ahve grasped that what matters is what the herd thinks and how the herd thinks.
I just can't seem to get to the next level.

Buying Google at 100 and riding it to 700 would be a prime example of a good call.

Well, I like the parks, and he did build up the Navy. Apart from that I don't know that much about him.

I appreciate that, thanks.

Believe me, I envy what you guys can do.

Teddy was someone who defined himself. He was essentially a pure leader.

I actually like FDR too. I think a lot of contemporary FDR bashing is a lot of revisionism. He was quite the leader too. We were lucky to have a benevolent guy at the helm, as was England, during that conflagration. It could have turned out much much differently.

I am a software "engineer" and I do express contempt towards technical people from time to time. But I also express contempt towards humanity.

I actually like FDR too. I think a lot of contemporary FDR bashing is a lot of revisionism. He was quite the leader too. We were lucky to have a benevolent guy at the helm, as was England, during that conflagration. It could have turned out much much differently.

Okay, I should shut up immediately.

It is just scary reading the 10 planks of the Communist Manifesto and matching that with US history of the period.

Randy H Says:
February 27th, 2008 at 9:57 pm
"I actually like FDR too. I think a lot of contemporary FDR bashing is a lot of revisionism."

I agree, he faced two of the most challenging threats to this country in a single century. Hindsight is 20/20 but a real leader makes the best of what he has to work with at the time.

Peter P Says:
February 27th, 2008 at 9:58 pm
"I am a software “engineer” and I do express contempt towards technical people from time to time. But I also express contempt towards humanity."

I'm the same way, I dislike everyone equally for different reasons. It's my take on diversity.

FuzzyMath Says:
True, I’ve heard that before.

I am not surprised, since I expect you have even used that line yourself. :-)

While in general it is true that...

Whatever, dude. Your point is that "buyers on the sidelines" might want to get scared about rising interest rates. Sounds like the usual farfetched troll-talk to me, but I guess realtwhores gotta eat too...

I’m the same way, I dislike everyone equally for different reasons. It’s my take on diversity.

Misanthropists are Equal Opportunity Haterz. :)

Okay, I should shut up immediately.

It is just scary reading the 10 planks of the Communist Manifesto and matching that with US history of the period.

Which is why he should be held up as a great leader. Someone weak of moral character would have made away with that opportunity, as did Stalin.

No need to shut up though, lol.

Peter P Says:
February 27th, 2008 at 10:02 pm
"It is just scary reading the 10 planks of the Communist Manifesto and matching that with US history of the period."

Ok, now my turn. Not my creation, I stole it but I think it is funny.

"Do you ever look at the current state of affairs, pull out the Book of Revelations, and start checking things off?"

“Do you ever look at the current state of affairs, pull out the Book of Revelations, and start checking things off?”

I do that, but with the Hitchhiker's Guide to the Galaxy.

I need to read that.

FDR might have been a hero but the irrefutable fact is that the trampled upon the very concept of property rights.

I agree that hindsight is 20/20. Yes, hindsight reveals that he "had no better options."

But the 10 planks absolutely do not fit the present US policies.

Malcolm Says:
I do admit it is radical, but what a fun concept to be an innovator/early adopter for. I think it looks awesome too.

Man, you would have loved this thing they used to sell back in the 90s, called the Corbin Sparrow, built in Gilroy. Radical to look at, completely plug-in, absolutely a hoot to drive. They even had a prototype for a 2nd generation that looked nicer, but they filed for bankruptcy a few years ago.

I heard someone was trying to revive the company, not sure what happened.

What I'd like to know is what it seemed like when the Depression started. I know they went into the same denial, I've actually learned that from reading some of the links. Growing up, I often heard the stories about how miserable it was. People actually were starving. I don't know if our modern society will have a repeat of that or if it will be a Depression on paper or like Randy says just a big R. To me, for it to meet the definition of a Depression A) it has to happen to me and B) there needs to be long bread lines and real misery.

We invented the printing press not so long ago.

Moreover, unlike the past, US now has a powerful military, which is useful in fending off creditors.

However, the financial system may experience Depression-like influences.

Although I do not like moral hazards, I still have to praise Bernanke for saving our banking system, if he is to succeed, that is.

I recognize the need to not let it collapse but that was just rampant stupidity. Criminally negligent.

How about fining the CEOs for all they're worth and dishing out some jail time?

Still though, FDIC is covering the deposits, so what's the big deal in letting it all go to pot?