03-17-2008, 12:04 PM
Points well taken, but I really do believe that we should let the cards fall as they may. By discounting money, the theory is that an institution will buy the funds at one rate, and then resell at a higher rate, therefore making a profit. But this is not the case lately. There seems to be no profit.
And doesn't expanding available capital actually decrease the overall value, thus plunging us down further in terms of a deflating dollar?
As for our economy collapsing...did we really have a stong economy to begin with, if it was essentially built on the proverial "house of cards"?
Dare I venture to say that it was a combination of overly greedy corporate criminals who actually held down prices of consumer goods in an effort to appease us "common folks" while all along, they were raping the coffers of the businesses they were paid to look after? Don't believe me? Here is what one of the editors of Fortune had to say:
The truth is that they've been relying on a highly-flawed business model for years. Put simply, Wall Street firms used towering leverage to make tons of money in a long-running bull market that blatantly underpriced risk. At the same time, they handed a huge chunk of the gains to employees in the form of excessive pay.
And doesn't expanding available capital actually decrease the overall value, thus plunging us down further in terms of a deflating dollar?
As for our economy collapsing...did we really have a stong economy to begin with, if it was essentially built on the proverial "house of cards"?
Dare I venture to say that it was a combination of overly greedy corporate criminals who actually held down prices of consumer goods in an effort to appease us "common folks" while all along, they were raping the coffers of the businesses they were paid to look after? Don't believe me? Here is what one of the editors of Fortune had to say:
The truth is that they've been relying on a highly-flawed business model for years. Put simply, Wall Street firms used towering leverage to make tons of money in a long-running bull market that blatantly underpriced risk. At the same time, they handed a huge chunk of the gains to employees in the form of excessive pay.
Christopher Mahalick
1984 911 Targa
2001 BMW 530i
1974 Lotus Europa
1994 Ducati 900SS/SP
197(?)Suzuki GT-750 Street fighter
1965 Suzuki Hillbilly
1983 Suzuki GS-1100ES
2006 Kawasaki Ninja 250
1984 911 Targa
2001 BMW 530i
1974 Lotus Europa
1994 Ducati 900SS/SP
197(?)Suzuki GT-750 Street fighter
1965 Suzuki Hillbilly
1983 Suzuki GS-1100ES
2006 Kawasaki Ninja 250