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06-15-2013, 09:57 AM
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#11
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Neanderthal
Join Date: Mar 2008
Posts: 5,320
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Quote:
Originally Posted by Vettezuki
This is actually part of the reason I am a supporter of EXTREME free markets. No, what we had and what we continue to have is fairly far from an actual free market. The reason boils down to financial transactions under absolute free market conditions become very strict profit and loss calculations, without having to satisfy any externally imposed conditions ("fairness in lending", and other total horseshit) and with no feeling of there being a "backstop" or "lender of last resort" that can literally inject capital from nothing. Basically you would still have "greed" but it would be moderated by fear. What we had was a lot of greed for profit or gain (on both sides of the transaction) but no moderation by fear. And no, there is no right to a loan or to owning a house just because you're a nice law abiding person who works. The capital to real property trade has nothing whatsoever to with that. Maybe that sounds harsh, but how many people got the ever living shit kicked out of them, lost everything, even ending up homeless or in tent cities (never covered much on the news) because of stupid decisions that would never have been tolerated en mass in a real market. Would they not have been better off renting, or buying a much less extravagant house and continue building along in a market that didn't collapse after a boom? I think so.
Anywho. Yea, it's kind of shocking to me still how many people are just flat out terrible with basic money skills.
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ok.....oh yea.....right.......people are stupid on whole.
__________________
64 Vette Roadster 400 ci
1990 F150 351 ci SuperCharged
48 Harley Pan Head 76 ci
2016 Nissan Altma
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06-15-2013, 01:12 PM
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#12
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Senior Member
Join Date: Nov 2011
Posts: 652
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Quote:
Originally Posted by BRUTAL64
ok.....oh yea.....right.......people are stupid on whole.
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*wave*
__________________
1993 BMW 325is - DD
2006 YFZ 450 - Sand toy
2002 BMW X5 - wifes DD
Shaolin belief: Repay every wrong with forgiveness and kindness.
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06-16-2013, 12:12 AM
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#13
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I, Vettezuki
Join Date: Feb 2006
Posts: 14,754
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Quote:
Originally Posted by BRUTAL64
ok.....oh yea.....right.......people are stupid on whole.
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People on the whole are not stupid, but may be ignorant. They always respond to incentives.
On the flip side a few saw this whole thing winding up and made. an absolute killing on the short side. That's impressive. It should also be slightly concerning because one of them in particular is saying the fundamentals are so bad long term, that a the "developed" western world in particular is in for a cluster fuck that is going to be even worse than this recent adventure . . . by a lot. Fortunately, there will be some time before that happens.Also I think technology might be a wild card that has never existed quite the same as ever before.
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06-16-2013, 12:59 AM
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#14
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Neanderthal
Join Date: Mar 2008
Posts: 5,320
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Quote:
Originally Posted by Vettezuki
People on the whole are not stupid, but may be ignorant. They always respond to incentives.
On the flip side a few saw this whole thing winding up and made. an absolute killing on the short side. That's impressive. It should also be slightly concerning because one of them in particular is saying the fundamentals are so bad long term, that a the "developed" western world in particular is in for a cluster fuck that is going to be even worse than this recent adventure . . . by a lot. Fortunately, there will be some time before that happens.Also I think technology might be a wild card that has never existed quite the same as ever before.
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No the IQ has dropped in the last 20 years 
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64 Vette Roadster 400 ci
1990 F150 351 ci SuperCharged
48 Harley Pan Head 76 ci
2016 Nissan Altma
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06-16-2013, 02:04 AM
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#15
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I, Vettezuki
Join Date: Feb 2006
Posts: 14,754
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Quote:
Originally Posted by BRUTAL64
No the IQ has dropped in the last 20 years |
It wasn't high to begin with. 
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06-16-2013, 02:27 AM
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#16
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Neanderthal
Join Date: Mar 2008
Posts: 5,320
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Quote:
Originally Posted by Vettezuki
It wasn't high to begin with. |
__________________
64 Vette Roadster 400 ci
1990 F150 351 ci SuperCharged
48 Harley Pan Head 76 ci
2016 Nissan Altma
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06-16-2013, 10:13 AM
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#17
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Super Moderator
Join Date: Dec 2007
Posts: 6,850
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Quote:
Originally Posted by BRUTAL64
I try to help people save their home from foreclosure and other such Mortgage issues.
But, in the few scant weeks I've been doing this, I have discovered that people are their OWN worst enemy. |
Ya, a lot of people act entitled. Sometimes Glenn, you just gotta choke a bitch.
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I <3 forced induction.
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06-16-2013, 10:16 AM
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#18
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Super Moderator
Join Date: Dec 2007
Posts: 6,850
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Quote:
Originally Posted by BRUTAL64
No the IQ has dropped in the last 20 years |
Rent the movie "Idiocracy," youll love it.
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I <3 forced induction.
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06-16-2013, 02:45 PM
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#19
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I, Vettezuki
Join Date: Feb 2006
Posts: 14,754
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Quote:
Originally Posted by enkeivette
Rent the movie "Idiocracy," youll love it.
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It's a pretty good documentary about the future.
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06-17-2013, 07:30 AM
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#20
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Neanderthal
Join Date: Mar 2008
Posts: 5,320
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Quote:
Originally Posted by enkeivette
Rent the movie "Idiocracy," youll love it.
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That is one of my favorite movies. I been seeing the Idiocarcy in people for years now. 
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64 Vette Roadster 400 ci
1990 F150 351 ci SuperCharged
48 Harley Pan Head 76 ci
2016 Nissan Altma
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