Khaled:
> When Churchill asked the British to keep spending, England
> was pretty
> much an island on to itself. So the locals had to produce
> the goods for
> the consumer to buy and that's what kept England going
> during the second
> war.
> We keep spending money we don't have to buy products we
> don't make.
> I believe in something called zero-net-gain. When someone
> makes as absurd
> amount of money that is not due to hard work, something is
> wrong. here is the story
SA: Hmmm, so that's what zero-net-gain means? We consumer products not made
here, thus, giving money to countries and people that are not in our country so
this country is not getting the money we are spending? Correct?
Also, we keep spending this money that is being made out of thin air,
thus, inflation. Huge is inflation is what happened in Zimbabwe, I believe,
recently, where people called around billions of dollars, as individuals, to
buy bread and such. I'm becoming more convinced that supporting this bailout
is supporting a system that was already dead and long dried up, so, instead of
letting this crash we are building it up to become heavier and thus something
that is heavier when it falls - falls harder.
SA
P.S. About the Washington Mutual golden parachute, the 3 week CEO getting
millions, yeah, I heard about it. Also executives for Lehman Brothers received
millions of dollars when that investment firm went bankrupt, I believe. Here's
what I found about Merrill Lynch executives that received millions when that
company went under and Bank of America swallowed them up and bought it:
http://www.xak.com/main/newsshow.asp?id=90814
Here's an article about Lehman Brothers payoff when the company went bankrupt.
It is an investment that saves many at the top, but doesn't help many of their
other employees when these walls tumbled:
http://www.independent.co.uk/news/business/news/fury-at-25bn-bonus-for-lehmans-new-york-staff-937560.html
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