Those pinhead stock market morons who manipulate share prices are still at it.
They have now upped the pace to make it so that share prices go both high then low on the same day. This allows them to buy low, then sell high, and make millions.
Here's how to fix the world economy.
Pass a temporary law making it so that shares that move more than 2 percent a day get locked up from trading for a week.
That way, they can decline gracefully over a longer term, and these morons who are raping the world economies can be forced to accept what the rest of us have to accept - that when shares drop, we all lose money, or should do.
Wednesday, November 19, 2008
Wednesday, October 8, 2008
More Proof That Executives Are Stupid
I just read that the executives at AIG insurance company went on a junket to a spa that cost nearly half a million bucks, and this took place just after the company got the 80 million or so bailout from the US government.
These executive idiots just have no commonsense at all. Even a petty thief lays low once they are in public view.
They appear to have the Elvis Presley syndrome - they are so used to having their own way, living in their ivory towers, that they are accountable to no-one.
These executive idiots just have no commonsense at all. Even a petty thief lays low once they are in public view.
They appear to have the Elvis Presley syndrome - they are so used to having their own way, living in their ivory towers, that they are accountable to no-one.
Tuesday, September 23, 2008
Wall Street? Morons, Bufoons, and Idiots In My Opinion
It never fails to amaze me how lacking in vision, innovation, and commonsense the managers in the capitalist system can be. Having worked in industry all my working life other than maybe 2 years, I have seen many apparently intelligent people make mistakes that a 15 year old would not make. The commonality in these mistakes seems to be a case of being unable to listen, and being unable to go backwards far enough to determine root causes, preferring instead to take corrective action by getting the lower levels to work harder but not smarter.
I will keep this short and try to make it readable:
1 - Capitalism cannot continue indefinitely, as it depends on expansion that is limited by energy.
2 - Every political system is corrupt at one level or another.
3 - A change to communism would not fix the global economy, but the capitalist system has to change to something new.
4 - The money-suppliers to the capitalist system have been accelerating their extraction of funds above what is reasonable or ultimately possible.
5 - The old socialist theory about how the masses of the population must have the money (in earnings) to buy the goods that they create appears to be taking effect.
6 - The money taken by the investors creates no wealth or added value to the corporation. It merely robs the masses who do add value of their purchasing power.
7 - Like the legal system, the political and economic systems globally depend upon the confidence of the people, as well as the respect of the people.
8 - The US economy no longer has the respect of the average American, in fact, I would say that the average American is fed up with seeing the rich get richer by forcing the poor to get poorer.
9 - The current issue is not just about mortgages, it is about the rich gouging the poor, and the selling of goods and services using lies.
10 - The US Government as well as the Wall Street crowd have been so intent on using their power in a self-serving manner, that they have failed to heed the signs of the big picture.
So, what does this all mean? Well, it means that George Bush and his advisers have formulated a plan that makes a start on changing how the system works. This has to be done. To do nothing is to perpetuate the current failure of the global capitalist system.
It will allow greater accountability (even though there is masses of stupidity and corruption in any governmental system, it is less than in a government supported corporate system where the corrupt corporations are not even checked by the governmental systems - food safety is a great example in a smaller sense).
The snag for Wall Street is that their thievery has to stop. Their hand has to come out of the cookie jar, the game is up. And they don't like that.
I cannot, for the life of me understand just how imbecilic these Wall Street idiots are. They are so locked onto personal gain, and easy money that they just don't get it.
THEY WILL HAVE NO EASY MONEY EITHER WAY. THOSE DAYS ARE LESS NOW, AND MIGHT EVEN DISAPPEAR COMPLETELY.
They are like fools stranded on a desert island who will not pay the price of a passage to leave there, as the price is 'too high', and will leave them poor.
Hand out the guns to Wall Street, they want to shoot themselves in the feet!
I will keep this short and try to make it readable:
1 - Capitalism cannot continue indefinitely, as it depends on expansion that is limited by energy.
2 - Every political system is corrupt at one level or another.
3 - A change to communism would not fix the global economy, but the capitalist system has to change to something new.
4 - The money-suppliers to the capitalist system have been accelerating their extraction of funds above what is reasonable or ultimately possible.
5 - The old socialist theory about how the masses of the population must have the money (in earnings) to buy the goods that they create appears to be taking effect.
6 - The money taken by the investors creates no wealth or added value to the corporation. It merely robs the masses who do add value of their purchasing power.
7 - Like the legal system, the political and economic systems globally depend upon the confidence of the people, as well as the respect of the people.
8 - The US economy no longer has the respect of the average American, in fact, I would say that the average American is fed up with seeing the rich get richer by forcing the poor to get poorer.
9 - The current issue is not just about mortgages, it is about the rich gouging the poor, and the selling of goods and services using lies.
10 - The US Government as well as the Wall Street crowd have been so intent on using their power in a self-serving manner, that they have failed to heed the signs of the big picture.
So, what does this all mean? Well, it means that George Bush and his advisers have formulated a plan that makes a start on changing how the system works. This has to be done. To do nothing is to perpetuate the current failure of the global capitalist system.
It will allow greater accountability (even though there is masses of stupidity and corruption in any governmental system, it is less than in a government supported corporate system where the corrupt corporations are not even checked by the governmental systems - food safety is a great example in a smaller sense).
The snag for Wall Street is that their thievery has to stop. Their hand has to come out of the cookie jar, the game is up. And they don't like that.
I cannot, for the life of me understand just how imbecilic these Wall Street idiots are. They are so locked onto personal gain, and easy money that they just don't get it.
THEY WILL HAVE NO EASY MONEY EITHER WAY. THOSE DAYS ARE LESS NOW, AND MIGHT EVEN DISAPPEAR COMPLETELY.
They are like fools stranded on a desert island who will not pay the price of a passage to leave there, as the price is 'too high', and will leave them poor.
Hand out the guns to Wall Street, they want to shoot themselves in the feet!
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