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	<title>Comments on: Angry Mortgagees Protesting Bear Stearns Favouritism</title>
	<atom:link href="http://www.dailyreckoning.com.au/angry-mortgagees-protesting-bear-stearns-favouritism/2008/04/10/feed/" rel="self" type="application/rss+xml" />
	<link>http://www.dailyreckoning.com.au/angry-mortgagees-protesting-bear-stearns-favouritism/2008/04/10/</link>
	<description>An independent perspective on the Australian and global investment markets</description>
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		<title>By: bill</title>
		<link>http://www.dailyreckoning.com.au/angry-mortgagees-protesting-bear-stearns-favouritism/2008/04/10/comment-page-1/#comment-16513</link>
		<dc:creator>bill</dc:creator>
		<pubDate>Thu, 10 Apr 2008 15:28:45 +0000</pubDate>
		<guid isPermaLink="false">http://www.dailyreckoning.com.au/?p=2416#comment-16513</guid>
		<description>isn&#039;t it wonderful and at the same time so sad that those of us who have advocated less government,less taxes and a sound currency have been proven right by the most rigorous master, time?

                                                  bill</description>
		<content:encoded><![CDATA[<p>isn't it wonderful and at the same time so sad that those of us who have advocated less government,less taxes and a sound currency have been proven right by the most rigorous master, time?</p>
<p>                                                  bill</p>
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		<title>By: gilles o.</title>
		<link>http://www.dailyreckoning.com.au/angry-mortgagees-protesting-bear-stearns-favouritism/2008/04/10/comment-page-1/#comment-16503</link>
		<dc:creator>gilles o.</dc:creator>
		<pubDate>Thu, 10 Apr 2008 14:14:52 +0000</pubDate>
		<guid isPermaLink="false">http://www.dailyreckoning.com.au/?p=2416#comment-16503</guid>
		<description>Great article, though a bit provocative. More often than not, these shortcuts have an influence on social behavior. There is obviously a recession in the US traditional faith vis-a-vis the quality of their political organisation and regulation, but this could prove to be only a starting point:

1. The major environmental issues are still to come, and they will come sooner than later. The planning issue is of critical importance in this change. Democracy as a thought model consumes a lot of time and energy. Confronted to major crisis, this model will be show some limits, and public opinion will growingly ask for counter-democracy actions in order to fulfill basic needs (home, food, and health). The more the sense of urgency is shared among people, the more alternative decision-making models will be valued. The army decision model may eventually take a counter-intuitive positive image. To summarize, China and Russia might not be leading a classical production revolution as is commonly thought. They might in fact become leading political and collective models in times of generalized crisis. Obviously, this is not to be supported, but history has often demonstrated since Aristotle that demagogy follows democracy, and that dictatorship follows demagogy.

2. Confronted to such an unprecedented scope of required change, social and economic resistance will develop. The public opinion will discover through this process that the sum of individual behaviors do not necessarily prevent from collective non-sense. The volatility of public opinion will increase. But higher volatility will not only be limited to the &quot;shluds&quot; mentionned above and may also be noted from political bodies. Gustave Le Bon is a good reference on that : just years after the French revolution social movements had happened, he developped the view was crowds are mostly conducted by metaphors, images, emotions and face difficulties in structuring a reasonning over a long period of time. A parliament or a senate acts as a crowd. This is why a Parliament of well-educated physicians can be as dum as a non-alphabetized crowd when immediate response time is required. The difficulty of political bodies to structure value-add solutions to complex and urgent issues will re-inforce the first trend - and weaken the democratic political model.

Naturally, these are high-level pessimistic views. But the way political bodies do consider environmental issues do give some ground to such views. What&#039;s currently happening in France regarding the implementation of the well-regarded Grenelle de l&#039;Environnement shows that resistance to intelligence and responsibility is not occuring at social individual level, but within the sphere of the Parliament...</description>
		<content:encoded><![CDATA[<p>Great article, though a bit provocative. More often than not, these shortcuts have an influence on social behavior. There is obviously a recession in the US traditional faith vis-a-vis the quality of their political organisation and regulation, but this could prove to be only a starting point:</p>
<p>1. The major environmental issues are still to come, and they will come sooner than later. The planning issue is of critical importance in this change. Democracy as a thought model consumes a lot of time and energy. Confronted to major crisis, this model will be show some limits, and public opinion will growingly ask for counter-democracy actions in order to fulfill basic needs (home, food, and health). The more the sense of urgency is shared among people, the more alternative decision-making models will be valued. The army decision model may eventually take a counter-intuitive positive image. To summarize, China and Russia might not be leading a classical production revolution as is commonly thought. They might in fact become leading political and collective models in times of generalized crisis. Obviously, this is not to be supported, but history has often demonstrated since Aristotle that demagogy follows democracy, and that dictatorship follows demagogy.</p>
<p>2. Confronted to such an unprecedented scope of required change, social and economic resistance will develop. The public opinion will discover through this process that the sum of individual behaviors do not necessarily prevent from collective non-sense. The volatility of public opinion will increase. But higher volatility will not only be limited to the "shluds" mentionned above and may also be noted from political bodies. Gustave Le Bon is a good reference on that : just years after the French revolution social movements had happened, he developped the view was crowds are mostly conducted by metaphors, images, emotions and face difficulties in structuring a reasonning over a long period of time. A parliament or a senate acts as a crowd. This is why a Parliament of well-educated physicians can be as dum as a non-alphabetized crowd when immediate response time is required. The difficulty of political bodies to structure value-add solutions to complex and urgent issues will re-inforce the first trend - and weaken the democratic political model.</p>
<p>Naturally, these are high-level pessimistic views. But the way political bodies do consider environmental issues do give some ground to such views. What's currently happening in France regarding the implementation of the well-regarded Grenelle de l'Environnement shows that resistance to intelligence and responsibility is not occuring at social individual level, but within the sphere of the Parliament...</p>
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		<title>By: Mireille</title>
		<link>http://www.dailyreckoning.com.au/angry-mortgagees-protesting-bear-stearns-favouritism/2008/04/10/comment-page-1/#comment-16496</link>
		<dc:creator>Mireille</dc:creator>
		<pubDate>Thu, 10 Apr 2008 12:58:57 +0000</pubDate>
		<guid isPermaLink="false">http://www.dailyreckoning.com.au/?p=2416#comment-16496</guid>
		<description>Sounds like a Gurdjieff styled wit about some mess the silly people have gotten themselves in again. Always true.</description>
		<content:encoded><![CDATA[<p>Sounds like a Gurdjieff styled wit about some mess the silly people have gotten themselves in again. Always true.</p>
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		<title>By: Peter</title>
		<link>http://www.dailyreckoning.com.au/angry-mortgagees-protesting-bear-stearns-favouritism/2008/04/10/comment-page-1/#comment-16484</link>
		<dc:creator>Peter</dc:creator>
		<pubDate>Thu, 10 Apr 2008 12:19:14 +0000</pubDate>
		<guid isPermaLink="false">http://www.dailyreckoning.com.au/?p=2416#comment-16484</guid>
		<description>Invest in calories.</description>
		<content:encoded><![CDATA[<p>Invest in calories.</p>
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		<title>By: justin</title>
		<link>http://www.dailyreckoning.com.au/angry-mortgagees-protesting-bear-stearns-favouritism/2008/04/10/comment-page-1/#comment-16459</link>
		<dc:creator>justin</dc:creator>
		<pubDate>Thu, 10 Apr 2008 08:42:14 +0000</pubDate>
		<guid isPermaLink="false">http://www.dailyreckoning.com.au/?p=2416#comment-16459</guid>
		<description>I heard on the radio today that the number of migratory birds visiting Australian shores has decreased by 73% in the last 20 years.</description>
		<content:encoded><![CDATA[<p>I heard on the radio today that the number of migratory birds visiting Australian shores has decreased by 73% in the last 20 years.</p>
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		<title>By: Coffee Addict</title>
		<link>http://www.dailyreckoning.com.au/angry-mortgagees-protesting-bear-stearns-favouritism/2008/04/10/comment-page-1/#comment-16445</link>
		<dc:creator>Coffee Addict</dc:creator>
		<pubDate>Thu, 10 Apr 2008 06:26:31 +0000</pubDate>
		<guid isPermaLink="false">http://www.dailyreckoning.com.au/?p=2416#comment-16445</guid>
		<description>James Kunstler&#039;s article pretty much sums up Australia&#039;s situation as well – except that:
1) Privet is a designated noxious weed in most states (a bit like the guests at a celebrity party) ;and
2) ANZ is starting to behave like the local version of Bear Sterns.  

In Australia, we should of course be running vehicles on CNG and building a more effective public transport systems but no one is interested.</description>
		<content:encoded><![CDATA[<p>James Kunstler's article pretty much sums up Australia's situation as well – except that:<br />
1) Privet is a designated noxious weed in most states (a bit like the guests at a celebrity party) ;and<br />
2) ANZ is starting to behave like the local version of Bear Sterns.  </p>
<p>In Australia, we should of course be running vehicles on CNG and building a more effective public transport systems but no one is interested.</p>
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		<title>By: Annette</title>
		<link>http://www.dailyreckoning.com.au/angry-mortgagees-protesting-bear-stearns-favouritism/2008/04/10/comment-page-1/#comment-16434</link>
		<dc:creator>Annette</dc:creator>
		<pubDate>Thu, 10 Apr 2008 05:19:44 +0000</pubDate>
		<guid isPermaLink="false">http://www.dailyreckoning.com.au/?p=2416#comment-16434</guid>
		<description>Great article James. 

I think it would be a good time for everyone to read or reread, &quot;The Grapes of Wrath&quot;.</description>
		<content:encoded><![CDATA[<p>Great article James. </p>
<p>I think it would be a good time for everyone to read or reread, "The Grapes of Wrath".</p>
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