Sony Kapoor: Global finance system like a highway without police, ready for another crash
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Finance – Highway Robbers to Drunken Drivers26 comments to Finance – Highway Robbers to Drunken Drivers |
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Copyright © 2012 My Next Job - All Rights Reserved 49 queries. 0.732 seconds. |
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@sirellyn
“And you are right he does believe that..”
Do you still believe in this?
“Regulation is not the solution, regiulations are the problem.”
That was your original argument.
@sirellyn
“Stop repeating the same thing expecting a different result..”
That’s why the laws are changing and becoming more complicated.
Or you meant something else?
@allgoo19 I just tested it, it works just fine. But you have to prefix it with youtube dot com (I just added the forward slash)
And you are right he does believe that. You should listen to his response though.
/watch?v=_LxYlMakG28#t=2m46s
Also here’s Peter Schiff:
/watch?v=3AJDMuMOj2U#t=2m25s
@sirellyn
“He voted against repealing it…”
If that’s true..(link didn’t work)
“Regulation is not the solution, regiulations are the problem.” Quote, Ron Paul. Before
“Some regualtions are needed.” Ron Paul. Now
Latter has been said by his opponents all these years.
Nobody said we need unnecessary regulations.
@allgoo19 Precisely! It’s the old “if all the kids were jumping off the bridge would you do it too?” argument.
Just because something is populist or popular has little to do on if it’s “correct” or “good”. All it means is it’s common.
My point is whenever we ask for more, we only get more complicated. Even when we asked for simpler. (Tax code 1950′s), the front forms were better but the actual laws got way more complex.
Stop repeating the same thing expecting a different result.
@sirellyn
“You know, I can’t name a country that doesn’t pollute either or completely outlaw it..”
It’s the bi-product of the developed countries. People invent new material may be useful but harmful, new way of banking system(such as credit card didn’t exist 100yrs ago) but offer more ways to scam. Our society didn’t have traffic lights 100yrs ago but its’ accepted now because of automobiles.
Should we get rid of all cars?
@allgoo19 The congress links for Ron Paul are down for some reason. Maybe use the way back machine. There is a youtube clip though:
watch?v=_LxYlMakG28#t=2m46s
He voted against repealing it.
@sirellyn
“I’m the kind of person who asks “why?” ..”
How this is relevant to the topic?
@sirellyn
“I’m trying to nail down how exactly..”
There’s no doubt some laws are driven by the corporate interests and intention is to give them advantae, but saying ALL the regulations are bad without paying attention to each of them.
Deregualtion of Glass-Steagall hurt the economy in 1929 and also 2008 from the same reason.
I’m still trying to find any article Ron Paul or Peter Schiff making comment on GSA but can’t find any.
@allgoo19 You know, I can’t name a country that doesn’t pollute either or completely outlaw it. Does that mean it’s ok? And we should do more?
I’m not suggesting anarchy. I’m suggesting what we have now is way too much.
When you have a zillion pages its very easy to hide loopholes. Do you read your EULA every time you install a program? What if it was no longer than a youtube comment. 500 characters?
Can you think of many laws amended to be easier to understand?
@allgoo19 I’m the kind of person who asks “why?” even when people assume things. If I don’t quite understand their explanation for myself I test things out myself. If I find different results I test again, and ask others if I tested it right.
For example, ever wonder why we don’t have electric cars? Some people build their own, but try registering them. Its not a safety issue, you can build them safer. Batteries are long enough for city commutes etc.
There’s many other examples too.
@allgoo19 First off, no one “wins” an argument. People get frustrated, irate and angry. That doesn’t feel like winning. And if you “prove” a point it’s childish to think one person is the winner and the other the loser. It certainly doesn’t win you any friends. For the record, I’m human, so I’m wrong, a lot.
I’m trying to nail down how exactly you think most regulation helps, or at least explain why I don’t believe so.
Maybe I’m missing something, but I do research a lot, I’m clarifying.
@sirellyn
“Does this mean you believe me that there are more laws..”
I don’t know more laws or less either way.
I don’t think more laws simply means bad. Why you even think that way? There are always people take advantage of current law and try to look for a loop hole. In that case, amendment will be necessary.
Do you know any country has no regulation at all?
Name one.
@sirellyn
“So only the RICH can afford the army of lawyers to go through laws, whereas the poor and middle class cannot..”
This is incorrect. In fact opposite.
Intention of regulation is to prevent bad things happen before taking place. Without regulation, only thing people can do is to sue the company which most people can’t afford.
If your comment was not made up by you just for winning this argment, you should be able to show someone else has the same opinion. Anybody?
@allgoo19 Does this mean you believe me that there are more laws each year then? A lot more?
I also hope you read deeper than the title or short summary of the bill. Otherwise you may still be a bit misguided about the patriot act.
And yes I’ll get to how (nearly) all regulation impedes economics by varying amounts.
But I do want to be sure we’ve got the first point covered: There’s more regulation overall EVERY year. Even years they supposedly “deregulate” things. Google bills in 80′s
@sirellyn
“In 1999 104 bills ..”
HR 1183: to suspend temporarily the duty on glyoxylic acid
S.800: bill to promote and enhance public safety
S.880: an act to amend the Clean Air Act to remove flammable fuel
S.1546: a bill to amend the International Religious Freedom Act of 1998
*How all this had affected, going to affect the economy?
*So, in your opinion the amout of the regulation that matters but not how they affect the economy?
@allgoo19 Shall I recite war and peace in a 500 character text block too?
usgovinfo.about.com/blnewlaws99.htm
In 1999 104 bills were passed. Nearly ALL of them included regulation; HR1183, S800, S880, S1546. etc.
Look each bill,click on each PDF link, note when it says AMEND it adds. When it says STRIKE it takes away.
Also note we aren’t arguing “intention”. Each one can be argued has a good intention. I’m noting the number and that each year it rises, by A LOT.
@sirellyn
“Sure, list all bills passed into law for 1999, 2000 say..”
“Regulation”: a rule that restricts the way companies do business.
All laws have a name such as Glass-Steagall Act, Gramm–Leach–Bliley Act
etc.
You can’t even name one just like Ron Paul? That’s strange.
@sirellyn
“Sure, list all bills passed into ..”
It’s not the answer for the qustion I asked you.
Not all the law passed in the congress are regulatory law.
I asked you a few names of regulatory laws, that’s what you were talking about.
Names?
@allgoo19 Sure, list all bills passed into law for 1999, 2000 say. Deduct the text that they remove from previous laws/bills. Count the total amount of text added federally.
Now count it a different way, do the same as above but only count the statutes created (again deduced barred or overwritten ones.)
In both cases, a hell of a lot more every year. And this is only federally. So only the RICH can afford the army of lawyers to go through laws, whereas the poor and middle class cannot.
If you think the health insurance industry did a good job poisoning ill informed people against the idea of single payer health care, just image what the banks would do if a discussion on public finance came about. It’s practically the same situation. The results would be better, but you wouldn’t have people getting rich for nothing, yet they’ll still be able to convince half of the U.S. citizenry that it is evil communism.
If you are the manager of those investment banking firm you have to compete against others. If you hear other companies making money by taking riskier investment, they’ll be pressured to take the same risk or even higher.
In a way, they are racing on the street, AND drunk, if you go along with the same analogy as in this video.
Just telling them to behave isn’t going to stop that.
@sirellyn
“But overall, we’ve had MORE rules every single year..”
Have you ever heard of Glass-Steagall Act which was deregulated in 2000 then caused the market crash in 2008?
And what “more rules” you are talking about? More specific.
Strangely, I don’t hear any specific names of regulation from those libertarians likes of Ron Paul.
Maybe you can answer me.
@carefulcarpenter
These people in the fast lane speak a common language with others of the same socio-economic level. It took me years to decipher the difference between their words and their deeds. In their minds they are not drunks, but survivors of a corrupted childhood. One can observe in their children, their pets, and in the people they trust, the extent of the carnage which lies in their wake. They will warn you in advance– if you have ears to hear.
@NoLongerDelusional
I worked at the residence of a refinance executive/owner. He had over 750 agents at the peak. I was working there for 15 months on their kitchen and master bath. The relationship I have with my client is often intimate and beneficial to both parties. I become a rare occasion for people in the fast lane. I often become one of few in their lives for which they can share secrets. I was informed in 2004 about the pending crash.
Thank you for providing this information. I very much enjoyed it. Keep up the excellent work, dude!