Hard Light Productions Forums
Off-Topic Discussion => General Discussion => Topic started by: captain-custard on September 29, 2008, 02:04:17 pm
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http://news.bbc.co.uk/1/hi/business/7641733.stm (http://news.bbc.co.uk/1/hi/business/7641733.stm)
the lower house said "no" and wall street fell 700 points
is this the beginning of the end for the banking industry.......
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I honestly think the stocks and stock market are one of the WORST inventions in human history.
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It was down before the vote, went down about 640 then back up to only down 500 after the vote. Now back down 569.56 as I type this.
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I honestly think the stocks and stock market are one of the WORST inventions in human history.
No the politician is.
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I honestly think the stocks and stock market are one of the WORST inventions in human history.
No the politician is.
a politician is just our scape goat for our inability to wipe our own arses and needing some one to blame for our inabilty
so basicaly a politician has a use ,as a arse wipe
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So guys, looks like that $700,000,000,000 bail out plan will pass. Thank god, if it didn't the USA and eventually the rest of the world would be hit by some bad times. But luckily that seems unlikely to happen.
(http://img82.imageshack.us/img82/3953/slowpokeyj1.gif)
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*is going to start his own economy and sell the currency at arbitrary prices.
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OK now it's down over 700. Time to start buying.
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id wait its gunnu go through the floor , theyll be giving away companies in boxes of breakfast cereals next week
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I honestly think the stocks and stock market are one of the WORST inventions in human history.
Background information: The Dutch East Indian company founded this investment system. It turned out to be a very good way to get money for their trips...
The stock market is not the problem. It is that many companies estimated worth is just way higher then actual worth. Meaning that it can turn out that half of your stocks are worth nothing, and your cash is already in the hands of some greedy bastard who walks away and let the politics solve the problem.
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Put bluntly, I don't believe they should be bailed out. If the institutions have failed, they need to allowed to fail so that new ones, better ones, may rise.
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Stock market is a problem in it's very concept.
It's just another way for greedy people to make money, even tough stocks don't represent reality.
A perfectly good and productive company can be ruined because of the weird fluctuation on the stock market or some rather strange chain of rumors.
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That's crap, it only happens if you decide to float on the market. You don't have to sel shares.
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You don't, but what's the point of having stocks in the first place then?
If I ever become the benevolent dictator of the world, the stock market is the first thing I'll abolish...No, scratch that - reality shows are the first thing to go.
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Put bluntly, I don't believe they should be bailed out. If the institutions have failed, they need to allowed to fail so that new ones, better ones, may rise.
I do agree with you, but the problem now being that AIG is responsible for thosands if not millions of jobs world wide, not to mention the uncounted number of insuracne policies in their care.
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You don't, but what's the point of having stocks in the first place then?
Controlling percentages in investors and directors.
You can forego an amount of pay pay per annum in exchange for a part of the company and earn a potentially greater yield in profts overall.
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Of course, 90% of the money on this planet isn't worth the paper it's printed on, since there's enough money in the world to buy all the resources on the planet several times over at current prices :)
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But what would i do with several trillion tonnes of planet and no Playstation :p
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But what would i do with several trillion tonnes of planet and no Playstation :p
sell shares in it ?
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Of course, 90% of the money on this planet isn't worth the paper it's printed on, since there's enough money in the world to buy all the resources on the planet several times over at current prices
(http://www.swccgpc.com/cards/coruscant/ls/creditswilldofine.jpg?) (image doesn't work any more it seems...)
:nervous:
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But what would i do with several trillion tonnes of planet and no Playstation :p
sell shares in it ?
Inspired idea, but i think i'd rather lease it long term to property developers :D Maybe Diaspora needs a plot to set up their "Second great war part 2 the sequel, dire ctors cut" production office.
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They should vote down the bailout. Does American want a one year recession or a decade long depression? But the Federal Reserve and the other buddies seem to be trying to scare congress into approving the vote. Notice that most of the media stations now aren't asking "will it pass" but "when will it pass?"
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Thing is, there's not enough Gold in the world to cover all the money, so the Gold Standard is long gone. Nowadays, money is based on trust, and if that runs out....
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They should vote down the bailout. Does American want a one year recession or a decade long depression? But the Federal Reserve and the other buddies seem to be trying to scare congress into approving the vote. Notice that most of the media stations now aren't asking "will it pass" but "when will it pass?"
america is a free market economy so leave it to the free market, let it collapse and hopefully when were homeless and jobless and starving we might just have enough energy left to change this f***ed up system that enslaves us all
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They should vote down the bailout. Does American want a one year recession or a decade long depression? But the Federal Reserve and the other buddies seem to be trying to scare congress into approving the vote. Notice that most of the media stations now aren't asking "will it pass" but "when will it pass?"
The representatives in the House who voted against this were, to put it lightly, complete goddamn idiots. My only hope now is that the biggest one-day drop in the history of the Dow Jones will get them to pull their heads out of their ever-loving asses and get something passed before we plummet into a full-blown recession.
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They should vote down the bailout. Does American want a one year recession or a decade long depression? But the Federal Reserve and the other buddies seem to be trying to scare congress into approving the vote. Notice that most of the media stations now aren't asking "will it pass" but "when will it pass?"
The representatives in the House who voted against this were, to put it lightly, complete goddamn idiots. My only hope now is that the biggest one-day drop in the history of the Dow Jones will get them to pull their heads out of their ever-loving asses and get something passed before we plummet into a full-blown recession.
i found this amusing because at the bottom of your post it says
"Prepare for Descent"
into financial chaos maybe
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I wonder how many people here actually know how the US stock market works...
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I know enough to know I know too little to actually make an intelligent decision.
That being said, I do believe those in the house that voted against this probably had a good damn reason.
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The only "reason" they had for doing so was because their constituents were angry over the "we're just paying the Wall Street fat cats for mistakes they made" spin on the issue. It's true that this whole thing is a result of shoddy lending practices, but you have to look at the bigger picture. The credit system desperately needs an influx of capital to prevent the whole lending system from grinding to what is essentially a halt (and thank you to that OddTodd animation on ABC News for teaching me something :p). Looking at this only from the perspective of bailing out banks is far too narrow-minded; if they go down, we're all screwed.
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The only "reason" they had for doing so was because their constituents were angry over the "we're just paying the Wall Street fat cats for mistakes they made" spin on the issue. It's true that this whole thing is a result of shoddy lending practices, but you have to look at the bigger picture. The credit system desperately needs an influx of capital to prevent the whole lending system from grinding to what is essentially a halt (and thank you to that OddTodd animation on ABC News for teaching me something :p). Looking at this only from the perspective of bailing out banks is far too narrow-minded; if they go down, we're all screwed.
I don't think that's the only "reason" why people voted against the bailout. That reason is certainly not why he voted against it: http://www.youtube.com/watch?v=TlgByE1jDRA (http://www.youtube.com/watch?v=TlgByE1jDRA) (and here: http://www.youtube.com/watch?v=dv6rQ0U01Yc (http://www.youtube.com/watch?v=dv6rQ0U01Yc) )
And yeah, maybe the Gold idea is dumb. Or the constitutional idea is dumb. But in terms of other monetary policy he may have some things worth listening to.
Here's another representative (this time, democractic) with her perspective: http://www.youtube.com/watch?v=S27yitK32ds (http://www.youtube.com/watch?v=S27yitK32ds) Regardless of the financial plans, some of the points she brings up are rather valid, I mean congress is almost done sitting are they not? Fancy time to introduce a bill, and tell everyone that the fate of the world depends upon it. Fear is a great tool for control.
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Let the world burn.
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Put bluntly, I don't believe they should be bailed out. If the institutions have failed, they need to allowed to fail so that new ones, better ones, may rise.
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As a point of interest, the CEO of AIG is one of the richest men in the world, according to forbes in 2004. He was worth about 3.6 Billion dollars. And this guy's company goes to **** so the US Government is going to buy it out?
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You don't, but what's the point of having stocks in the first place then?
Controlling percentages in investors and directors.
You can forego an amount of pay pay per annum in exchange for a part of the company and earn a potentially greater yield in profts overall.
Isn't that why I was talking about? Stock are just another trade commodity that was invented so greedy people could earn even more money.
The idea that a perfectly healthy company can be ruined overnight by the crazy stock market appauls me. And we all see hoe redicolous the stock market really is. A rumor can ruin thusands.
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It's similar. Very similar. But it's all in-house and not open to public purchase. If it "went to market" or "floated" joe public and billy bloggs could by a piece. The markets less stable than private equity though for just that reason. Also it's subject to a greater price change based on the market conditions. In-house shares are almost always only for a greater controlling stake in the company leadership.
:)