[Skybird]

Originally Posted by Blacklight

But unfortunately, those investors are investing mostly overseas now because doing business is so much cheaper over there. And they're keeping their money and re-investing it overseas so they aren't trickleing it down like the Republican Trickle Down theory says it should work. So while they're making the cash, they arent growing anything in the US so the lower classes are losing jobs and getting paid less. In my state, jobs are almost impossible to find now unless you have a masters degree and even positions that require those are pretty full and new businesses just don't like starting up here (and those that are here are trying to move overseas and are laying people off on a constant basis).

Saw an interview with former Deutsche Bank director Endres an hour ago. He said that the american economy nowadays makes 60& of the gross national income with finance transactions exclsuively, and only 40% by producing goods. that is queer in itself, not only in america, but in pri8nciple. A barell oil, he added, was being turned at least eleven times before it reaches it's final customer. eleven levels earns money by trading it, woithiut procuzctively producing anyrthing, or assisting in anything non-material but valuable, like transportation.

That is madness in my opinion.

The "several hundred billion" dollars the government's aide package includes, meanwhile have been traslated. It could become as much as one trillion dollars - tax-dollars, that is.

Now compare: how much is the estimation for the dmaage done by hurricane Ike? I have 5 or 12 billion dollars on mind, but I might remember wrong. - that means that eventually the state will spend 20 times as much tax-dollars on buying foul credits (that'S what you get: foul credits!) on saving the banking system than Ike has caused in damages.

Anyone still saying that the market needs not a certain level of regulation? Compared to bankers, hurricanes seem to be amateurs.

A problem are the high numbers themselves. human mind is totall,y incapable to form a mental image, a mental representation of how much a billion or a trillion is. since bankers do not have any feeling or sensing of it, the also feel not the needed level or responsibility and sensibility. If you are living in a world made of billions and trillions, sinking a hundred milliosn here or a billion there necessarily means nothing to you and leaves you unimpressed. You lose ground under your feet, and you lose your sense of reality. It is the same in politics. I mean it serious when saying that such bankers and politicians must be removed from office and be put into psychiatric therapy. They are mentally ill, and I mean it exactly like that.

This could as well be one of Philip K. Dick's alternate reality worlds we live in where we get governed by aliens or simulacra dressed as humans and raising the image of a reality that is not real, but just an illusion to keep us happy.