Comments on: Here Come The Commies

By: Jon Bain

Jon Bain — Sun, 01 Mar 2009 23:34:51 +0000

Its corruption that caused this mess.

Communism and capitalism would both work if people were honest.
The legal system as it stands is actually worse than anarchy, because it rewards and promotes corruption.
The only way people learn to be honest is the hard way.
The world is on a steep learning curve at the moment.
The free market in its pure forms works, but capitalism has come to mean 'grab as much money as you can and to hell with the consequences.' Communism has come to mean 'Do nothing and expect an equal share'.
Work ethic and an honest justice system are ideals that always seem to get subverted. Where capitalism fails, is that many people are happy to steal ('legally') to appear on an equal par with those that have honestly earned their wealth.
Whatever system is used, an honest justice system is the first step. Miss that point, and ANY system will fail.

By: Simon Watt

Simon Watt — Wed, 25 Feb 2009 22:10:03 +0000

You had me reading this article, that was, until I saw your comment of Avocado and death bed - c'mon - Avocado's are good for you and yes, they have fat, but the real good fat - HDL or high-density lipoprotein, nutritionists are taking a look and they're finding that most of the fat in an avocado is monounsaturated -- the "good" kind that actually lowers cholesterol levels. Thanks to this new understanding, the U.S. government recently revised its official nutrition guidelines to urge Americans to eat more avocados...So, you could almost be saying that adding more cash is good for you!

By: Coffee Addict

Coffee Addict — Wed, 25 Feb 2009 21:53:24 +0000

At least I got a scoop on today's news yesterday. There are of course heaps of people who also read though the double speak on this occasion.

http://www.bloomberg.com/apps/news?pid=20601087&sid=aZrnsIQYbIBU&refer=home

By: Coffee Addict

Coffee Addict — Wed, 25 Feb 2009 02:31:59 +0000

Hi Dan: Ben's comments were designed to be misinterpreted by the talking media heads. If you read his preprepared words carefully there are no guarantees one way or the other. I (perhaps naively) expect some gentle propaganda over the next few months to woo the market to the advantages of a supported liquidation/ nationalisation.

I note that the Roubini / Talib camp from NYU don't expect a bank nationalisation process for the next 6 month either. Bernanke knows that the problem is not be the nationalisation of the banks per sae but the impact of an immediate write down of the toxic debt that still lives "off - balance sheet".

Yes the bank franchises would be protected (as Ben wants) if the US Government buys them at a fair price from the creditors.

(Re: David's comment - Rupert has very good ears. One of his secondary reports listened to me raving about Lehmans about 2 years ago and they apparently acted on this. His group do their own analysis post Bear Sterns and cashed up in anticipation of a perhaps smaller collapse than what has now eventuated. He may be 76 but he can still be trusted to make sensible decisions.)