Detroit region. Along with auto, there are medical, IT and
alternative energy (won't mention defense) technologies being
developed and manufactured. More and more of it. We have a long way
to go to come back but it has begun. going the distance will be the
challenge. A hall of fame basketball star for a mayor helps foster
that spirit.
On Feb 23, 2:49 am, Allan H <allanh1...@gmail.com> wrote:
> Am listening to the news, and have been thinking about china an apple and
> their claim saying they own the IPad name or what ever .. but I listen to
> a friend talk when he was employed by a chinese company was just how
> dishonest they were in all areas.. Actually this claim by china could
> possibly really show this dishonesty and the effect or fall out could be
> bringing back manufacturing to out countries.
>
> A manufacturing based economy can put the unemployed back to work. and the
> unemployed working and buying national made products would make for a
> healthy economy. I am probably saying this wrong.
> Allan
>
>
>
>
>
>
>
> On Thu, Feb 23, 2012 at 8:39 AM, Allan H <allanh1...@gmail.com> wrote:
> > I do think there is revolution in the air as people, some one is going to
> > overcome banking dilemma,, I do believe that the bail out is just how to
> > rip as much money out of Greece as possible,
> > Allan
>
> > On Thu, Feb 23, 2012 at 4:28 AM, Don Johnson <daj...@gmail.com> wrote:
>
> >> Reminds me of an old Heavy Metal quote.
>
> >> "He's nothing but a low-down, double-dealing, backstabbing, larcenous
> >> perverted worm! Hanging's too good for him. Burning's too good for him! He
> >> should be torn into little bitsy pieces and buried alive!"
>
> >> -Hanover Fiste
>
> >> We share frustrations Neil. What little being done is either wrong or
> >> inadequate. You have a much broader understanding of the banking bail outs
> >> than I do. I resent having to bail them out as a tax payer while at the
> >> same time not being able to profit from buying property at a much
> >> discounted price because the bailouts are keeping prices up artificially.
> >> Seems there should be some reward to conservative investing when the shit
> >> hits the fan. Clearly; there isn't. Those folks that bought more then they
> >> could afford and borrowed more then they could afford shouldn't be bailed
> >> out. Those banks that loaned money to these people shouldn't be bailed out.
> >> I hate always being the one to pay the Piper exspecially when there are so
> >> damn many of them. Pipers I mean. Hell, I didn't even book the show!
>
> >> dj
>
> >> On Tue, Feb 21, 2012 at 7:43 PM, archytas <nwte...@gmail.com> wrote:
>
> >>> We'd pay you to take Maggie Don! What I can't take is the shallow
> >>> reporting. We get turkeys telling us the stock market is up on 'good
> >>> news', down on 'bad news' and no mention that central banks doubled
> >>> 'money' in five years and have done it again in the last four - god
> >>> knows what stock is really worth if we deflate it against all this
> >>> printing. We're told the Greeks are getting £130 billion but really
> >>> this is another bank bailout. What gets me really pissed Don is there
> >>> is no talk of working our way out of it or where the massive
> >>> productivity gains have gone. Orn said something ages ago about how
> >>> loads of decent paying jobs were around when we were younger. The
> >>> basic problem is they've gone.
> >>> In old calculations we used to reckon the public sector should be
> >>> about 40% of the economy - but productivity on farms and in
> >>> manufacturing has risen massively - enough to service more health
> >>> care, education and the rest. I don't really care who runs what - if
> >>> there's genuine competition and protection of quality of work life the
> >>> private sector is best. We're better at doing more or less everything
> >>> these days so why's it all turned so sour? I expected my kids to have
> >>> things better than me - but in the main they haven't. I don't really
> >>> do politics as Labour-Tory Democrat-GOP seems meaningless. Our
> >>> Liberals are sharing power now - they looked OK until they were part
> >>> of government and now look standard turds.
> >>> I saw a nutter on your side of the pond blasting welfare - he was so
> >>> dumb he didn't realise his kids were signed up for free meals and he
> >>> gets several thousand in tax credits! We need a New Deal - and also
> >>> to remember even that didn't end the depression. I remember when
> >>> human resource management meant ensuring your firm's pay and
> >>> conditions were the best to attract the right labour - now it's all
> >>> bull to cover up dire conditions.
> >>> One thing in the Greek situation is that their bonds are supposedly
> >>> insured by Credit Derivative Swaps - but everyone thinks if they do
> >>> try this switch we'll discover there is no insurance and the system
> >>> will collapse. Selling dud insurance is a crime. I'd like to see
> >>> some arrests. I regard sending our production to China and the like
> >>> as tantamount to 'selling whiskey and guns to the Indians'. Hanging
> >>> some traitors would be a GOOD START!
>
> >>> On Feb 21, 3:42 am, Don Johnson <daj...@gmail.com> wrote:
> >>> > It's a Catch-22 situation. No solution looks good to me they're all
> >>> pretty
> >>> > sucky. At this point it's the on going never ending uncertainty that's
> >>> > making me nervous more then anything. I wish we could pick a solution
> >>> > that's not too terribly drastic and then commit. To me that means raise
> >>> > taxes on us all; including the have-nots in our respective well-to-do
> >>> > countries. I mean raise taxes and cut spending on the big offenders.
> >>> Social
> >>> > programs. Welfare. The up-coming Obama-Care. We do all that and reform
> >>> > Medicaid and Medicare and it will be messy; it will be hard and people
> >>> that
> >>> > don't deserve it will suffer. But. But a lot less people will be
> >>> raping the
> >>> > System. The Rich will pay more and the more reasonable among them won't
> >>> > mind as much because they'll be seeing the rest of us huddled masses
> >>> paying
> >>> > as well. We are going to have to pass a Consumption Tax in this
> >>> country. I
> >>> > hate it but we have to. It's the only way to start paying down this
> >>> > ridiculous debt the last two presidents have saddled us with. I would
> >>> never
> >>> > agree to it unless it's combined with rock-solid cuts in entitlements.
> >>> Not
> >>> > BS crap promises of debt 'ceilings' that always get raised.
>
> >>> > I have zero faith in this Congress and very little hope for the next
> >>> one.
> >>> > I'm disappointed in my available choices for the next Pres. Send us
> >>> Maggie
> >>> > Thatcher please. Or someone very like her.
>
> >>> > dj
>
> >>> > On Sun, Feb 19, 2012 at 10:30 AM, archytas <nwte...@gmail.com> wrote:
> >>> > > Bankruptcy laws are a-changing Don. Student loans can't be written-
> >>> > > off in a court anymore, and when the looters hollow-out a company,
> >>> the
> >>> > > banks get posted to the top of the recipient list in administration
> >>> > > ahead of mugs like us who thought we might see a return. Bankruptcy
> >>> > > at this level is complex because derivatives play a role. We don't
> >>> > > know who really holds Greek debt or whether that held by the City of
> >>> > > London is gold or guano. These debts are supposedly insured - but
> >>> > > instead of that meaning a payout as from a car crash, it seems to
> >>> mean
> >>> > > a wad of claims because of all the derivative bets on the failure
> >>> > > (2008 repeat in spades). In the UK's case we need to know whether
> >>> the
> >>> > > debts or banks created are investment assets or donkey-droppings.
> >>> You
> >>> > > and I could have a few million in debt but wouldn't care if this was
> >>> > > because we'd borrowed to buy into a productive gold mine. Rather
> >>> > > than bankruptcy what's needed is to mark assets (which may be debts
> >>> on
> >>> > > a bank balance sheet) to market - currently much is marked to models
> >>> > > that may be completely fictitious.
> >>> > > What we've seen so far is that tax payers hold the baby. QEs and the
> >>> > > rest mean money we saved for pensions is both worth less and can
> >>> > > demand lower annuities because the return on gilts (Treasury bonds)
> >>> is
> >>> > > kept down. Greece would already be bankrupt if just their money was
> >>> > > involved - this will turn out to be leveraged many times over through
> >>> > > derivatives. real bankruptcy would hit the bond holders and this is
> >>> > > what we should do, along with a return to primitive banking.
>
> >>> > > On Feb 19, 4:05 am, Don Johnson <daj...@gmail.com> wrote:
> >>> > > > Are you familiar with our Bankruptcy laws Neil? I would hope your
> >>> country
> >>> > > > and possibly Greece has something similar. IF not maybe that's the
> >>> > > answer.
> >>> > > > Too Big To Fail isn't working out so well.
>
> >>> > > > dj
>
> >>> > > > On Sat, Feb 18, 2012 at 6:03 PM, archytas <nwte...@gmail.com>
> >>> wrote:
>
> >>>http://www.zerohedge.com/news/guest-post-when-debt-more-important-peo.
> >>> > > ..
> >>> > > > > This is the moral argument as I see it.
>
> >>> > > > > On Feb 17, 4:17 pm, archytas <nwte...@gmail.com> wrote:
> >>> > > > > > Whatever we say in respect of these problems we tend to
> >>> imagine false
> >>> > > > > > hopes without dealing with them. Can we really imagine, given
> >>> > > > > > history, that a bunch of bureaucrats making decisions must be
> >>> better
> >>> > > > > > than a business approach, that the public sector must be
> >>> better than
> >>> > > > > > private enterprise or any of the reverses? State capitalism
> >>> is a big
> >>> > > > > > thing and doing at least as well as private conglomerates (see
> >>> the
> >>> > > > > > current Economist). These ideologies have much in common and a
> >>> > > > > > notable lack of common control and have rich and powerful
> >>> people
> >>> > > > > > running them.
> >>> > > > > > I suspect the Greeks need the same help as the rest of us - a
> >>> new
> >>> > > work-
> >>> > > > > > reward ethic of a living wage from all jobs and finance as a
> >>> utility.
> >>> > > > > > This apparently modest statement is "revolutionary".
>
> >>> > > > > > On Feb 17, 3:06 pm, archytas <nwte...@gmail.com> wrote:
>
> >>> > > > > > > I'm not sure science does move so slowly Vam - but I
> >>> certainly feel
> >>> > > > > > > the same frustration. Perhaps the most amazing thing in the
> >>> > > current
> >>> > > > > > > 'debate' on
>
> ...
>
> read more »
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