which country are you going to war with? or is that peace for their benefit?? Allan
Is that the new bond girls or the old style personally I like the old ones better.. the latest so called bond move sucked missed missed the standard set by from here to Mars.. On Wed, Sep 19, 2012 at 6:44 AM, Don Johnson <[email protected]> wrote: > I'm free for Secretary of War. Ahem, I mean Defense. Secretary of Defense. > I want my own plane and Secret Service protection. All females dressed like > Bond girls. Hells yeah! > > Barring that I think it would be really cool if I got to carry the > football for a few weeks. > > dj > > > On Tuesday, September 18, 2012 12:08:09 PM UTC-5, archytas wrote: >> >> Suppose that a company earns $1 million dollars of profit in a year. >> About $400,000 must be paid in income tax. A corporate raider will buy >> the company’s stockholders (equity owners), for $10 million in junk >> bonds. The entire $1 million dollars of profit will now be paid to the >> banker or the bondholder in the form of interest. The company won’t >> report a profit, so there is no tax payment. The financial manager >> will hope to increase the company’s price (to re-sell it on the stock >> exchange) by cutting costs or selling off its pieces to make a capital >> gain. This is how Republican presidential candidate Mitt Romney’s Bain >> Capital made money. It is “balance sheet” engineering, not aimed at >> raising production or living standards. >> Read more at >> http://www.nakedcapitalism.**com/2012/09/michael-hudson-on-** >> how-finance-capital-leads-to-**debt-servitude.html#**KJSbTH6uiL7EHqKz.99<http://www.nakedcapitalism.com/2012/09/michael-hudson-on-how-finance-capital-leads-to-debt-servitude.html#KJSbTH6uiL7EHqKz.99> >> >> I worked for an asset-stripper in the 80s. The rationalisation back >> then was that what we did was good for the economy because our >> activities sharpened-up competitive practices and cleaned-up weak >> companies with dud management. We knew this argument was a dud back >> then. The essential way we worked was to use private detectives and >> to bribe insiders to learn about likely targets. We did spend time >> looking a company accounts and what Moody's records might have to >> say. Key issues were to identify large cash drains to LOMBARDS (loads- >> a-money but are right dicks), undervalued properties and 'dirt on >> senior management leverage'. >> >> I'd vote for Don or rigsy for President or PM well ahead of clowns >> like Romney, Obama, Cameron and Blair (seriously - me and Al are mad >> enough to be fit only for foreign policy jobs). The article the quote >> above comes from says most of what is wrong - but I can remember the >> time when Labour politicians in Britain sounded the same - talk was of >> the 'Gnomes of Zurich', selective employment tax (to encourage >> manufacturing) and investing North Sea Oil. >> >> I take the criminality of financial services as read these days. The >> metaphor in my head comes from the westerns in which the bad guys sold >> whiskey and guns to the Injuns. The financial sector villains have >> armed China and probably armed Hitler's Germany (see 'Conjuring >> Hitler'). >> >> Germany is probably the most efficient manufacturing nation these >> days, but the ultimate contradiction on all th urging towards >> efficiency leads to super-manufacturing countries like Germany and >> China (Britain and the US once) that have to sell products to >> inefficient countries like Britain, the US, Greece, Spain and so on. >> As a model this is an obvious non-starter. >> >> You can get some idea where manufacturing now is by looking at steel >> production here - http://www.worldsteel.org/** >> statistics/statistics-archive/**2011-steel-production.html<http://www.worldsteel.org/statistics/statistics-archive/2011-steel-production.html> >> >> It's pretty obvious we have the rules of competition and money wrong >> and that political discussion about this is either ignorant or just >> plain lying. Backs have been broken for all kinds of pathological >> leadership whim throughout history. Easter Island statues, >> Stonehenge, Pyramids and all variety of ape wars we call history. >> >> Economics lacks questions like 'how much work should rigsy have to do >> to be able to live in peace and make blueberry pie'? I suspect the >> answer in the broader case of what percentage of our effort goes to >> providing water, food, shelter, proper protection from a hostile >> environment (earthquakes, historical global warming etc.), the >> advancement of science and technology and freedom from bandits, >> religious and otherwise is less than a quarter of what we generally >> think it is. >> >> The issue is about producing a leisure society for all that works and >> can make work happen given slacking potential and free-riding. I am >> totally demotivated at the thought of both earning more per hour than >> the next ten people around me in the pub and of contributing anything >> to rich donkeys like Romney or some soccer star (which happens without >> doing anything as direct as watching a soccer match). I also prefer >> to holiday where the lager louts don't, where the attraction is a >> brilliant German bakery with a couple of tables for coffee and >> excellent cakes and a Bavarian lady who won't serve me more than two >> and shares a chateaubriand with me in the evening. Sorry Don, it's >> rigsy for President - I'm sure you follow the argument! >> > -- > > > > -- ( ) |_D Allan Life is for moral, ethical and truthful living. I am a Natural Airgunner - Full of Hot Air & Ready To Expel It Quickly. --
