Sorry for the absence, but have been under the weather. I came across the following and found it to be very interesting. The author (Thomas J. DiLorenzo) is a professor of economics at Loyola College in Maryland. He is also a published author. Also, I think he is a supporter of Ron Paul for president, which with all the others throwing their hat into the ring isn't such a bad choice IMHO.
A couple of you show by your posts that you have a pretty good idea of the what, who, etc. This essay by Prof. DiLorenzo brings up some points that I sure wasn't aware of. Enjoy.........
http://www.lewrockwell.com/dilorenzo/dilorenzo137.html
Please let me know what you think after reading the essay! Have a great day, week, life!!!!
Saturday, May 14, 2011
Tuesday, April 19, 2011
Further Discussion of Post 2
Well again, some very interesting comments/views! One thing I want to make sure all understand - I am not and don't profess to be any kind of authority on the topics of this blog. I am just interested in reading others thoughts regarding monetary things effecting the world we live in today.
A couple of you "stole" some of my thunder for this post! :) Comments regarding banks, Fed Reserve, Wall Street, etc., leads me to my next question. First though, let me say there are "tools" (i.e., Stock Market) used by the super rich who are at the heart of things "behind the scenes", and others like Insurance companies and investment funds that use this to separate the little man from his money, while further cementing their position at or near the top of the pyramid. I wonder sometimes if all the extreme gambles (i.e., derivatives, equities trading [no offense Drew :)], etc.) were eliminated, if it might stabilize things a little and slow down the "big boys" from doing it to the little guys.
Well enough of that. Here's what I would like to ask today. Knowing all countries economies are not being effected like most (i.e., China which due to who controls it, Middle East which I think due to the huge amount of gold they've amassed, and large amount of oil they're setting on, which is being used by the real behind the scenes movers and shakers to separate the little guy from his loot. Here's the two questions for today:
1. Who is really calling the shots for the Fed Reserve, or another way of stating it: who really "owns" the Fed Reserve?
2. Has all the economic turmoil been planned and brought on simply to "redistribute" the wealth to those very few mega rich at the apex of the pyramid?
Let the "games" begin!!
A couple of you "stole" some of my thunder for this post! :) Comments regarding banks, Fed Reserve, Wall Street, etc., leads me to my next question. First though, let me say there are "tools" (i.e., Stock Market) used by the super rich who are at the heart of things "behind the scenes", and others like Insurance companies and investment funds that use this to separate the little man from his money, while further cementing their position at or near the top of the pyramid. I wonder sometimes if all the extreme gambles (i.e., derivatives, equities trading [no offense Drew :)], etc.) were eliminated, if it might stabilize things a little and slow down the "big boys" from doing it to the little guys.
Well enough of that. Here's what I would like to ask today. Knowing all countries economies are not being effected like most (i.e., China which due to who controls it, Middle East which I think due to the huge amount of gold they've amassed, and large amount of oil they're setting on, which is being used by the real behind the scenes movers and shakers to separate the little guy from his loot. Here's the two questions for today:
1. Who is really calling the shots for the Fed Reserve, or another way of stating it: who really "owns" the Fed Reserve?
2. Has all the economic turmoil been planned and brought on simply to "redistribute" the wealth to those very few mega rich at the apex of the pyramid?
Let the "games" begin!!
Wednesday, April 13, 2011
Response to First Post and Next Question
First and foremost, I’d like to thank all of you who have commented on the initial post for this blog! Had some very interesting and insightful comments!
Was greed good up until a certain time in history? Did it enable a certain few to amass wealth and use it to move society forward? When did greed first rear it’s head? Could it have been as far back as cave man times and triggered by fear (lack of enough resources to survive)? Was the advent of banking the culprit that kicked it into over drive?
Like Allen said: “I thinkeveryone has a little greed in them.” I’d have to agree.
Now Malkavain stated: “ Everything in this world taken excessively is bad for you, not enough greed or ambition and you are mediocre, Too much and you are visualized as heartless or corrupt.” If you are greedy, I do believe you’re also ambitious, but you can be ambitious without being greedy.
Moby said: “I for one think greed is necessary but it is holding us back. We have greed billion airs who are holding on to all of this money not paying as much taxes as you and I. They aren't pumping it back into the economy which is a big downer.” I believe this is true, but with the world economy we live in today, the Arabs have amassed such wealth that it has sucked a lot of money out of other countries’ economies. Like some one said in an email I got a while back, we should sell them water at the price of oil!
Ad stated: “Im left wing. People call me a 'commie' without bearing in mind that the idea of communism is that everyone is equal, regardless of background.
Greed makes me sick - it comes in many forms other than possessions too. If you don't do anything to help others, then youre greedy. As long as youre just making someone happy or going out of your own way to help others, youre being selfless. It isnt so hard, and greed is awful.” Yes, “the idea of communism is that everyone is equal”, but in practice this doesn’t pan out. You have your elitist in that type society/government that live the good life, while the worker bees goof off and struggle to get by. I think in any society you have to have worker bees, because if every one was totally equal you’d be up the creek without a paddle.
Wandering Writer said: “Greed has done far more damage than good. When most people hear the word greed they associate it with money, but people can also be greedy for power, blood, land, and any number of other things. I certainly think people have become more greedy in the sense that they have been taught their entire lives that accumulation of products is one of the chief goals in life. Sadly, we have a consumerist culture and this is encouraged by the system as people are fooled into believing that buying is the only way to have a successful economy and therefore a better society.” I believe WW has very insightful thoughts here, and on the level we’re programmed with the news to believe are true up to a certain point.
I know I ask several questions above (and plz feel free to comment on them), but here is the main topic I'd like to hear back on for today. Who/what do you think is behind the economic melt down in a lot of the countries that’s going on now???????
Was greed good up until a certain time in history? Did it enable a certain few to amass wealth and use it to move society forward? When did greed first rear it’s head? Could it have been as far back as cave man times and triggered by fear (lack of enough resources to survive)? Was the advent of banking the culprit that kicked it into over drive?
Like Allen said: “I thinkeveryone has a little greed in them.” I’d have to agree.
Now Malkavain stated: “ Everything in this world taken excessively is bad for you, not enough greed or ambition and you are mediocre, Too much and you are visualized as heartless or corrupt.” If you are greedy, I do believe you’re also ambitious, but you can be ambitious without being greedy.
Moby said: “I for one think greed is necessary but it is holding us back. We have greed billion airs who are holding on to all of this money not paying as much taxes as you and I. They aren't pumping it back into the economy which is a big downer.” I believe this is true, but with the world economy we live in today, the Arabs have amassed such wealth that it has sucked a lot of money out of other countries’ economies. Like some one said in an email I got a while back, we should sell them water at the price of oil!
Ad stated: “Im left wing. People call me a 'commie' without bearing in mind that the idea of communism is that everyone is equal, regardless of background.
Greed makes me sick - it comes in many forms other than possessions too. If you don't do anything to help others, then youre greedy. As long as youre just making someone happy or going out of your own way to help others, youre being selfless. It isnt so hard, and greed is awful.” Yes, “the idea of communism is that everyone is equal”, but in practice this doesn’t pan out. You have your elitist in that type society/government that live the good life, while the worker bees goof off and struggle to get by. I think in any society you have to have worker bees, because if every one was totally equal you’d be up the creek without a paddle.
Wandering Writer said: “Greed has done far more damage than good. When most people hear the word greed they associate it with money, but people can also be greedy for power, blood, land, and any number of other things. I certainly think people have become more greedy in the sense that they have been taught their entire lives that accumulation of products is one of the chief goals in life. Sadly, we have a consumerist culture and this is encouraged by the system as people are fooled into believing that buying is the only way to have a successful economy and therefore a better society.” I believe WW has very insightful thoughts here, and on the level we’re programmed with the news to believe are true up to a certain point.
I know I ask several questions above (and plz feel free to comment on them), but here is the main topic I'd like to hear back on for today. Who/what do you think is behind the economic melt down in a lot of the countries that’s going on now???????
Monday, April 11, 2011
GREED - IS IT A GOOD OR BAD THING
My aim with this blog is to generate an open discussion regarding the blog topics and to get different opinions and views at to why, what, when, where and how these come about. Are they good or bad for society in general?
I will be selecting posts I feel would be interesting and stimulating for further comments. Please let me know if you have a topic along the lines of the blog you would like to discuss.
To start off, let's discuss the topic of this post. Some think greed is good and some think it is bad. Has greed moved society along, or has it held it back? Has greed become more prevalent in today's world? Has more people in today's society become more greedy? If so, why do you think that is? Has this Internet contributed to different types of people/personalities becoming greedy?
I'm looking forward to your thoughts/comments on the above!
I will be selecting posts I feel would be interesting and stimulating for further comments. Please let me know if you have a topic along the lines of the blog you would like to discuss.
To start off, let's discuss the topic of this post. Some think greed is good and some think it is bad. Has greed moved society along, or has it held it back? Has greed become more prevalent in today's world? Has more people in today's society become more greedy? If so, why do you think that is? Has this Internet contributed to different types of people/personalities becoming greedy?
I'm looking forward to your thoughts/comments on the above!
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