tag:blogger.com,1999:blog-5661021158251905033.post5000073622977440774..comments2024-01-03T22:14:49.330-05:00Comments on SRI Monitor: Social risk key to losses in asset-backed commercial paperDoug Watthttp://www.blogger.com/profile/09865472291944931373noreply@blogger.comBlogger1125tag:blogger.com,1999:blog-5661021158251905033.post-11639607454094234742009-11-22T04:51:35.630-05:002009-11-22T04:51:35.630-05:00Same old song and dance!
We look at the 90s, pri...Same old song and dance! <br />We look at the 90s, private sector money. Then the stockmarket got greedy.<br />http://www.pbs.org/wgbh/pages/frontline/shows/wallstreet/<br />Then from 00 to 08 government spending heavily. Housing goes up and so do commodities. Then the stockmarket got greedy and so did the banks.<br />http://www.thedeal.com/newsweekly/features/chain-of-fools.php<br /><br />Now we are living off of a credit card. Elected government officials can't do a damn thing. They are merely puppets.<br />I'd like to know who controls the media overall though. For if one can control that, they can control the people. Media hypes a lot of this stuff up. No doubt that select few are involved.<br />Opps, take a look at the banks now. Select few are involved.<br /><br />Anyhow, there were plenty of red flags. Sheep followed. Many went over the cliff.<br />Should see some reform and changes to the systems. We don't though. <br />So, expect all this to happen again.<br /><br />Opps! We forgot one thing though. We've been living off of dirt cheap energy for about a century now. Many of the big wells aren't producing anymore. <br />http://en.wikipedia.org/wiki/Peak_oil<br />No cheap oil no rock and roll economy. This equation they have MV=GDP is foolishness without considering the resources of the planet. It is a finite planet, yet we keep reproducing like there is no tomorrow, all 6,000,000,000 of us and counting (requiring 1500 calories a day). Can the world take us anymore and our stupidity? <br />I think politicians must know martians and business folks on crack cocaine or something... who knows... far removed from reality they are with their schemes of producing fluff money. <br />Its the planet and momma earth that will dictate where we go from here. Its her planet. We are merely visitors. And, we make a mess.Anonymousnoreply@blogger.com