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Interesting email today..................

kolanuraven

Well-known member
This came via email today....pretty interesting for sure.



At about the time our original 13 states adopted their new constitution, in the year 1787, Alexander Tyler (a Scottish history professor at The University of Edinborough) had this to say about "The Fall of The Athenian Republic" some 2,000 years prior.

"A democracy is always temporary in nature; it simply cannot exist as a permanent form of government. A democracy will continue to exist up until the time that voters discover that they can vote themselves generous gifts from the public treasury. >From that moment on, the majority always votes for the candidates who promise the most benefits from the public treasury, with the result that every democracy will finally collapse due to loose fiscal policy, (which is) always followed by a dictatorship."

"The average age of the worlds greatest civilizations from the beginning of history, has been about 200 years. During those 200 years, these nations always progressed through the following sequence:



1. From Bondage to spiritual faith;
2. From spiritual faith to great courage;
3. From courage to liberty;
4. From liberty to abundance;
5. From abundance to complacency;
6. From apathy to dependence;

7. From dependence back into bondage."
 

Mike

Well-known member
A democracy will continue to exist up until the time that voters discover that they can vote themselves generous gifts from the public treasury.

This exact phenomenon sprouted wings during the LBJ, or the Great Society days and has taken off since.

"SOCIAL" spending has become the largest portion of our national budget.

Sure glad you brought it up. Thanks.
 

kolanuraven

Well-known member
Well, the person that sent it to me it ' well versed' in the stock markets and all things financial.


His would be about the ONLY word I'd trust or listen to right now , personally
 

Mike

Well-known member
kolanuraven said:
Well, the person that sent it to me it ' well versed' in the stock markets and all things financial.


His would be about the ONLY word I'd trust or listen to right now , personally

You need to start thinking for yourself.

When the government takes from one class, to give to another class, the results are ominous.

This is what has happened in the mortgage meltdown, but nobody wants to say it.
 
A

Anonymous

Guest
Mike said:
kolanuraven said:
Well, the person that sent it to me it ' well versed' in the stock markets and all things financial.


His would be about the ONLY word I'd trust or listen to right now , personally

You need to start thinking for yourself.

When the government takes from one class, to give to another class, the results are ominous.

This is what has happened in the mortgage meltdown.

Yep and they are debating it right now on C-SPAN

Bush/McBush economic policy
Socialism for the Rich
Capitalism for the Poor

Reagan had his "trickle down" economic theory--Bush/McBusch have their "sh*t runs down hill" economic theory.....And you're getting to see it operating right now...Take more from the working class to fund the wealthy.....

“I listened to President Bush’s speech. I think I understand this whole economic crisis. See, rich people on Wall Street made a big mess. And they’re too rich to clean it up. So the rest of America, you know, their maids and butlers, they have to clean it up for them. You see how easy it is?” -Jay Leno
 

Mike

Well-known member
Oldtimer said:
Mike said:
kolanuraven said:
Well, the person that sent it to me it ' well versed' in the stock markets and all things financial.


His would be about the ONLY word I'd trust or listen to right now , personally

You need to start thinking for yourself.

When the government takes from one class, to give to another class, the results are ominous.

This is what has happened in the mortgage meltdown.

Yep and they are debating it right now on C-SPAN

Bush/McBush economic policy
Socialism for the Rich
Capitalism for the Poor

Reagan had his "trickle down" economic theory--Bush/McBusch have their "sh*t runs down hill" economic theory.....And you're getting to see it operating right now...Take more from the working class to fund the wealthy.....

“I listened to President Bush’s speech. I think I understand this whole economic crisis. See, rich people on Wall Street made a big mess. And they’re too rich to clean it up. So the rest of America, you know, their maids and butlers, they have to clean it up for them. You see how easy it is?” -Jay Leno

You are unbelievably stupid. :roll:

If Bush, et al, were responsible for the mortgage meltdown, the $700 Billion would be going to banks. It's not. It's going towards the purchase of "Troubled Assets", which are mortgages mandated mostly by the CRA, etc. They will be re-negotiated and/or re-sold.

The money goes towards the purchase of those assets.......i.e. "Bad" mortgages. NOT the bankers themselves.
 
A

Anonymous

Guest
Mike said:
Oldtimer said:
Mike said:
You need to start thinking for yourself.

When the government takes from one class, to give to another class, the results are ominous.

This is what has happened in the mortgage meltdown.

Yep and they are debating it right now on C-SPAN

Bush/McBush economic policy
Socialism for the Rich
Capitalism for the Poor

Reagan had his "trickle down" economic theory--Bush/McBusch have their "sh*t runs down hill" economic theory.....And you're getting to see it operating right now...Take more from the working class to fund the wealthy.....

“I listened to President Bush’s speech. I think I understand this whole economic crisis. See, rich people on Wall Street made a big mess. And they’re too rich to clean it up. So the rest of America, you know, their maids and butlers, they have to clean it up for them. You see how easy it is?” -Jay Leno

You are unbelievably stupid. :roll:

If Bush, et al, were responsible for the mortgage meltdown, the $700 Billion would be going to banks. It's not. It's going towards the purchase of "Troubled Assets", which are mortgages mandated mostly by the CRA, etc. They will be re-negotiated and/or re-sold.

The money goes towards the purchase of those assets.......i.e. "Bad" mortgages. NOT the bankers themselves.

Maybe if those bankers and CEO's were kicking their lunch buckets down the road- without there 100 Million $ Golden Parachutes- they'd run their companies a little better and not risk their stockholders money on the roulette wheels of speculating and swapping that got them in the mess....

Example AIG that got greedy and started

1. Diversifying into fast-money proprietary trading.
2. Leveraging your company 11-to-1.


Instead of following the Three Rules of insurance companies

1.Price your risk correctly.
2.Invest conservatively so you can pay out claims when they come due.
3.Don't do anything else.
 

backhoeboogie

Well-known member
Oldtimer said:
Maybe if those bankers and CEO's were kicking their lunch buckets down the road- without there 100 Million $ Golden Parachutes- they'd run their companies a little better and not risk their stockholders money on the roulette wheels of speculating and swapping that got them in the mess....

So who are you voting for with your proxy? Or - do you attend the stock holder meetings? :D :D
 

Mike

Well-known member
Maybe if those bankers and CEO's were kicking their lunch buckets down the road- without there 100 Million $ Golden Parachutes- they'd run their companies a little better and not risk their stockholders money on the roulette wheels of speculating and swapping that got them in the mess....

Although I agree with the greed associated, and that it has to stop, their money is merely a drop in the bucket from the total of bad mortgage defaults.

$700 BILLION = $700,000 MILLION

Can you come up with enough CEO payouts to even remotely equal this amount? No you cannot.

Another figure that is hard to realize is that the USA has approx. $62 TRILLION in total mortgages on the books.

That makes the subrime/bad mortgages only a small minority of the total.
 
A

Anonymous

Guest
backhoeboogie said:
Oldtimer said:
Maybe if those bankers and CEO's were kicking their lunch buckets down the road- without there 100 Million $ Golden Parachutes- they'd run their companies a little better and not risk their stockholders money on the roulette wheels of speculating and swapping that got them in the mess....

So who are you voting for with your proxy? Or - do you attend the stock holder meetings? :D :D

Mine are all in a state run pension fund- that does all the investing...Only can b*tch at the Pension Fund manager and Governor if they screw up....
 

backhoeboogie

Well-known member
Oldtimer said:
backhoeboogie said:
Oldtimer said:
Maybe if those bankers and CEO's were kicking their lunch buckets down the road- without there 100 Million $ Golden Parachutes- they'd run their companies a little better and not risk their stockholders money on the roulette wheels of speculating and swapping that got them in the mess....

So who are you voting for with your proxy? Or - do you attend the stock holder meetings? :D :D

Mine are all in a state run pension fund- that does all the investing...Only can b*tch at the Pension Fund manager and Governor if they screw up....

I won't be proxy voting this year on anything. I rolled out last fall.
 

TexasBred

Well-known member
Oldtimer said:
Mike said:
Oldtimer said:
Yep and they are debating it right now on C-SPAN

Bush/McBush economic policy
Socialism for the Rich
Capitalism for the Poor

Reagan had his "trickle down" economic theory--Bush/McBusch have their "sh*t runs down hill" economic theory.....And you're getting to see it operating right now...Take more from the working class to fund the wealthy.....

You are unbelievably stupid. :roll:

If Bush, et al, were responsible for the mortgage meltdown, the $700 Billion would be going to banks. It's not. It's going towards the purchase of "Troubled Assets", which are mortgages mandated mostly by the CRA, etc. They will be re-negotiated and/or re-sold.

The money goes towards the purchase of those assets.......i.e. "Bad" mortgages. NOT the bankers themselves.

Maybe if those bankers and CEO's were kicking their lunch buckets down the road- without there 100 Million $ Golden Parachutes- they'd run their companies a little better and not risk their stockholders money on the roulette wheels of speculating and swapping that got them in the mess....

Example AIG that got greedy and started

1. Diversifying into fast-money proprietary trading.
2. Leveraging your company 11-to-1.


Instead of following the Three Rules of insurance companies

1.Price your risk correctly.
2.Invest conservatively so you can pay out claims when they come due.
3.Don't do anything else.

Actually the insurance part of AIG is very liquid and very profitable. It was the parent company that got diversified and got hair lipped.
 
A

Anonymous

Guest
backhoeboogie said:
Oldtimer said:
backhoeboogie said:
So who are you voting for with your proxy? Or - do you attend the stock holder meetings? :D :D

Mine are all in a state run pension fund- that does all the investing...Only can b*tch at the Pension Fund manager and Governor if they screw up....

I won't be proxy voting this year on anything. I rolled out last fall.

Yep- the wife did the same about a year and half ago....
 

TexasBred

Well-known member
kolanuraven said:
Well, the person that sent it to me it ' well versed' in the stock markets and all things financial.


His would be about the ONLY word I'd trust or listen to right now , personally

That email has been making the circuit for a couple of years now.
 

TexasBred

Well-known member
Oldtimer said:
backhoeboogie said:
Oldtimer said:
Maybe if those bankers and CEO's were kicking their lunch buckets down the road- without there 100 Million $ Golden Parachutes- they'd run their companies a little better and not risk their stockholders money on the roulette wheels of speculating and swapping that got them in the mess....

So who are you voting for with your proxy? Or - do you attend the stock holder meetings? :D :D

Mine are all in a state run pension fund- that does all the investing...Only can b*tch at the Pension Fund manager and Governor if they screw up....

Better check adn see where the Pension Fund manager has your money invested. Money markets, mutual funds, hhmmmmmm....You may not need to go to the stockholders meeting either.
 
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