This is why we're in the shape we're in.
What's important to note here is that these people aren't the same class of loser that sends you e-mails rambling in broken English about Nigerian princes and offshore accounts (Or maybe they are) but "respected" Wall Street types.
It's like cockroaches. If you see one, there's more. I wonder how much of the current economic situation is due to corruption and not stupidity as we've been led to believe. I swear, you'd think we were living in China with the way these people act.
What I fail to see is how certain politicians can still blubber about there being too many regulations on the financial sector. It's not like they follow the rules anyway.
The really awful part is that I highly doubt anyone even understands how the economy really works. To hear the idiots talk about it, one would think they're discussing dam construction or something.
It seems to me that the economy is based on two things:
1. Owing other people money. The problem comes, of course, when you have to pay it back or can't collect a debt. The very concept of charging interest means that someone is going to the poor house or the Government is going to have to print more money (To ship overseas where all of our goods are made). It seems like a faulty system.
2. People need to believe the economy is goof for it to be good. It's based on wishes and kitten farts essentially. Nothing is more fickle and stupid that the opinion of a group, so why are our finances based on it? Seems a bit like trusting a baby to a herd of nervous cattle.
I've been reading up on the history of a nearby Vermont town, and from what I've read in regards to a situation regarding land grants, the greedy losers who run things have never known what they were doing and in an effort to make themselves come out on top, screwed everything up.
Now and again it seems I read something written by a person who seems to hold the believe that this is all fine and dandy. It's how the world works and people who don't like it or want to change it need to grow up, or some such nonsense. I say they either made a lot of money in some shady fashion, or they're economic Uncle Toms.
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