Ponygurl said:Besides being afraid of a one-size fits all interest rate..there's the derivatives market bubble. Will the bank tank? Asshole Trump has alluded to it..and if anyone, he would know. (???)
Urban_Tribesman said:It seems as though the lunatics are holding sway both sides of the pond at the moment.
Whatever your views about the EU and Brexit, the point is that the UK has a soverign Parliament, and it is that that governs the UK, not the Government in power.
LuDux said:
Ponygurl said:Besides being afraid of a one-size fits all interest rate..there's the derivatives market bubble. Will the bank tank? Asshole Trump has alluded to it..and if anyone, he would know. (???)
Correct me if I wrong, but did you just implied that Trump is some kind of finance specialist?
Yep, the rich have long since disposed of any concept that they should be held accountable for how they run the money markets. Instead, they write computer algorithms which shift billions from one country to the next, investing and disinvesting in milliseconds with absolutely no connection to the lives of real people - the job losses, the housing slumps and the environmental ruination.Ponygurl said:
What I'm saying is, is that these super rich bastards must be clued into the banking situation. The US pretty much got bailed out of the housing market bubble crash by China. They keep telling Americans "The banks are too big to fail"...and yet the derivatives debt of all the major US banks has spiraled out of control! The European banks have done the same damn thing! Indeed, frightening times. This is what happens with no oversight and no enforced regulation.
(Super rich? he claims 10B worth that would put him at #46 in Forbes list, but Forbes have him at #146 with 3.7B, which ias one of the higher estimations. How much of his money belong to Putin is other question)Ponygurl said:
LuDux said:
Ponygurl said:Besides being afraid of a one-size fits all interest rate..there's the derivatives market bubble. Will the bank tank? Asshole Trump has alluded to it..and if anyone, he would know. (???)
Correct me if I wrong, but did you just implied that Trump is some kind of finance specialist?
What I'm saying is, is that these super rich bastards must be clued into the banking situation. The US pretty much got bailed out of the housing market bubble crash by China. They keep telling Americans "The banks are too big to fail"...and yet the derivatives debt of all the major US banks has spiraled out of control! The European banks have done the same damn thing! Indeed, frightening times. This is what happens with no oversight and no enforced regulation. The only thing we can do is to be vigilant and prepared I guess.
KatRobin said:It's a sad state of affairs when even the kids that I teach, who have restricted understanding ( being politically correct).. Are stating that Trump will evoke nuclear Armageddon! What can I say in response?! to kids that will soon be studying Charlie And The Chocolate Factory! What a completely messed up, cynical, pathetic and utterly terrifying world we live in.
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