Communist US wants to put international finance aristocracy against the wall

[MikeH]

Apparently he's been denied bail, and is also ineligible for diplomatic immunity.

Lethal Weapon 2

[The Mad Monk]

Apparently he's been denied bail, and is also ineligible for diplomatic immunity.

Maybe they should have extradited Roman Polanski when we asked them to.

[Hauldren Collider]

Maybe they should have extradited Roman Polanski when we asked them to.

I think they made the right call with Polanski, though, since it's pretty clear that he only plead guilty because of a bull**** guilty plea bargain.

[The Mad Monk]

Explain.

[Jon Miller]

Especially since he has bragged (I believe) that 'they are just jealous that they don't get to have sex with 13 yearolds'.

He is a terrible man.

JM

[Hauldren Collider]

I retract my statement about Polanski, it seems like I'm missing a few details about the case.

[Zoetstofzoetje]

more broadly, i expect that the entire financial system is going to implode sooner rather than later.

* greece and italy cooked the books to enter the european financial system. we allowed it, hoping that we could better their ways, so in part we're responsible. their spend-now-let-the-next-generation-worry-about-the-consequences-mentality is draining the competitive/hardworking part of europe.
* 25% of greece's workforce are bureaucrats in employ of the state. that means they are sucking money out of their little productivity rather than contributing to it. this rigid mentality is symbolic for their view on the future: let someone else do the work, we'll sit tight and watch you sweat.
* the u.s. has hit the debt ceiling. this means they can't borrow money any more. this means they're sucking it out of pension reserves, and that the government hasn't been able to become financially viable.
* gold and silver are sinking, indexes going down as well. where to go for risk-free investments if governments can't guarantee they can repay their debts, and old metals devaluate at the same time?
* we've outsourced most of our material production to china and other low-cost countries. in the meantime they've accumulated know-how as we've simultaneously lost it.

i suspect that the knowledge work era (1990's-now) will be remembered by future generations as the biggest farce in history. it could only be sustained by printing money and letting others do the material work. in world where time and space are bridged by technology, you still need people to do material transformation (e.g. the kind of work that puts food on the plate, bricks in the wall, cars under your behind, and pellets in your chimney).

when china stops accepting dollars and euros in exchange for goods, we'll have to barter with material commodities. which we've outsourced to the them. which are all (by chinese law) owned at least 50% by chinese investors. in other words, they're in control.

the real crisis is looming. what we've experienced so far is nothing compared to what's on the doorstep.

[Jon Miller]

* the u.s. has hit the debt ceiling. this means they can't borrow money any more. this means they're sucking it out of pension reserves, and that the government hasn't been able to become financially viable.

I don't know much about many of the things you talk about, but your statement here makes me think you don't know what you are talking about.

JM

[KrazyHorse]

You don't say...

[Zoetstofzoetje]

http://www.reuters.com/article/2011/05/17/us-usa-debt-idUSTRE74E1HD20110517?feedType=RSS&feedName=topNews

[KrazyHorse]

The worst part of his post is probably the second to last paragraph

[Jon Miller]

Wow... I sort of stopped on the line I quoted and didn't think it was worth reading after that.

JM

[BeBMan]

The Chinese could continue to accept money. It's basically 50/50.

[giblets]

@zoegdflgnsdfign: The US debt ceiling is a formality that Congress created to make it look like the debt is under control. Every time the US gets near the debt ceiling, an act of congress raises it again.

[MRT144]

I retract my statement about Polanski, it seems like I'm missing a few details about the case.

NO WAI!