I just read that the executives at AIG insurance company went on a junket to a spa that cost nearly half a million bucks, and this took place just after the company got the 80 million or so bailout from the US government.
These executive idiots just have no commonsense at all. Even a petty thief lays low once they are in public view.
They appear to have the Elvis Presley syndrome - they are so used to having their own way, living in their ivory towers, that they are accountable to no-one.
Wednesday, October 8, 2008
Tuesday, September 23, 2008
Wall Street? Morons, Bufoons, and Idiots In My Opinion
It never fails to amaze me how lacking in vision, innovation, and commonsense the managers in the capitalist system can be. Having worked in industry all my working life other than maybe 2 years, I have seen many apparently intelligent people make mistakes that a 15 year old would not make. The commonality in these mistakes seems to be a case of being unable to listen, and being unable to go backwards far enough to determine root causes, preferring instead to take corrective action by getting the lower levels to work harder but not smarter.
I will keep this short and try to make it readable:
1 - Capitalism cannot continue indefinitely, as it depends on expansion that is limited by energy.
2 - Every political system is corrupt at one level or another.
3 - A change to communism would not fix the global economy, but the capitalist system has to change to something new.
4 - The money-suppliers to the capitalist system have been accelerating their extraction of funds above what is reasonable or ultimately possible.
5 - The old socialist theory about how the masses of the population must have the money (in earnings) to buy the goods that they create appears to be taking effect.
6 - The money taken by the investors creates no wealth or added value to the corporation. It merely robs the masses who do add value of their purchasing power.
7 - Like the legal system, the political and economic systems globally depend upon the confidence of the people, as well as the respect of the people.
8 - The US economy no longer has the respect of the average American, in fact, I would say that the average American is fed up with seeing the rich get richer by forcing the poor to get poorer.
9 - The current issue is not just about mortgages, it is about the rich gouging the poor, and the selling of goods and services using lies.
10 - The US Government as well as the Wall Street crowd have been so intent on using their power in a self-serving manner, that they have failed to heed the signs of the big picture.
So, what does this all mean? Well, it means that George Bush and his advisers have formulated a plan that makes a start on changing how the system works. This has to be done. To do nothing is to perpetuate the current failure of the global capitalist system.
It will allow greater accountability (even though there is masses of stupidity and corruption in any governmental system, it is less than in a government supported corporate system where the corrupt corporations are not even checked by the governmental systems - food safety is a great example in a smaller sense).
The snag for Wall Street is that their thievery has to stop. Their hand has to come out of the cookie jar, the game is up. And they don't like that.
I cannot, for the life of me understand just how imbecilic these Wall Street idiots are. They are so locked onto personal gain, and easy money that they just don't get it.
THEY WILL HAVE NO EASY MONEY EITHER WAY. THOSE DAYS ARE LESS NOW, AND MIGHT EVEN DISAPPEAR COMPLETELY.
They are like fools stranded on a desert island who will not pay the price of a passage to leave there, as the price is 'too high', and will leave them poor.
Hand out the guns to Wall Street, they want to shoot themselves in the feet!
I will keep this short and try to make it readable:
1 - Capitalism cannot continue indefinitely, as it depends on expansion that is limited by energy.
2 - Every political system is corrupt at one level or another.
3 - A change to communism would not fix the global economy, but the capitalist system has to change to something new.
4 - The money-suppliers to the capitalist system have been accelerating their extraction of funds above what is reasonable or ultimately possible.
5 - The old socialist theory about how the masses of the population must have the money (in earnings) to buy the goods that they create appears to be taking effect.
6 - The money taken by the investors creates no wealth or added value to the corporation. It merely robs the masses who do add value of their purchasing power.
7 - Like the legal system, the political and economic systems globally depend upon the confidence of the people, as well as the respect of the people.
8 - The US economy no longer has the respect of the average American, in fact, I would say that the average American is fed up with seeing the rich get richer by forcing the poor to get poorer.
9 - The current issue is not just about mortgages, it is about the rich gouging the poor, and the selling of goods and services using lies.
10 - The US Government as well as the Wall Street crowd have been so intent on using their power in a self-serving manner, that they have failed to heed the signs of the big picture.
So, what does this all mean? Well, it means that George Bush and his advisers have formulated a plan that makes a start on changing how the system works. This has to be done. To do nothing is to perpetuate the current failure of the global capitalist system.
It will allow greater accountability (even though there is masses of stupidity and corruption in any governmental system, it is less than in a government supported corporate system where the corrupt corporations are not even checked by the governmental systems - food safety is a great example in a smaller sense).
The snag for Wall Street is that their thievery has to stop. Their hand has to come out of the cookie jar, the game is up. And they don't like that.
I cannot, for the life of me understand just how imbecilic these Wall Street idiots are. They are so locked onto personal gain, and easy money that they just don't get it.
THEY WILL HAVE NO EASY MONEY EITHER WAY. THOSE DAYS ARE LESS NOW, AND MIGHT EVEN DISAPPEAR COMPLETELY.
They are like fools stranded on a desert island who will not pay the price of a passage to leave there, as the price is 'too high', and will leave them poor.
Hand out the guns to Wall Street, they want to shoot themselves in the feet!
Tuesday, September 16, 2008
Gas Prices VS Oil Prices
So, the oil goes down, the gas goes up.
This is a classic.
The thing that has prevented the oil refining companies from making even more profits is the perception of the public that gas should go down when oil goes down.
Now they have broken that connection, so it will be free-for-all time. Whenever they want, they can shut a refinery down for a few hours, then jack prices across the board and blame the shutdown.
This is a classic example of why we are in the hole we are all in. The raping of corporate funds by the investors to satisfy the need for short term personal gains.
Now the next step will be that the oil price will increase, and the gas will go up more and the oil price will be given as a reason for the increase.
No wonder the public globally has poor confidence levels in corporations. They appear to be a proven pack of liars in many respects, always finding a reason for making more money. Taking out 'profits' as the corporation fails over a period of time. These 'profits' are not actually profits of course, they are they property of other smaller investors who might not have enough clout to influence the prices by creating false scenarios.
Well done, all you "Captains Of Industry". You manage to make personal gains upon the backs of those who are disadvantaged, as well as those who actually do the value adding to the corporation by doing a fair days work, while you do as much work as a hobo on a park bench. And society actually looks up to you with respect, rather than treating you as the leeches upon society that you really are.
Enjoy that public respect, it won't last a lot longer, as the public begin to understand the deceit and self-serving gains you are in the business of making for yourselves. Soon, if there is any justice in the world, you will be looked upon in the same manner that we now view drunk drivers - as totally unacceptable to society and as leeches upon public funds.
This is a classic.
The thing that has prevented the oil refining companies from making even more profits is the perception of the public that gas should go down when oil goes down.
Now they have broken that connection, so it will be free-for-all time. Whenever they want, they can shut a refinery down for a few hours, then jack prices across the board and blame the shutdown.
This is a classic example of why we are in the hole we are all in. The raping of corporate funds by the investors to satisfy the need for short term personal gains.
Now the next step will be that the oil price will increase, and the gas will go up more and the oil price will be given as a reason for the increase.
No wonder the public globally has poor confidence levels in corporations. They appear to be a proven pack of liars in many respects, always finding a reason for making more money. Taking out 'profits' as the corporation fails over a period of time. These 'profits' are not actually profits of course, they are they property of other smaller investors who might not have enough clout to influence the prices by creating false scenarios.
Well done, all you "Captains Of Industry". You manage to make personal gains upon the backs of those who are disadvantaged, as well as those who actually do the value adding to the corporation by doing a fair days work, while you do as much work as a hobo on a park bench. And society actually looks up to you with respect, rather than treating you as the leeches upon society that you really are.
Enjoy that public respect, it won't last a lot longer, as the public begin to understand the deceit and self-serving gains you are in the business of making for yourselves. Soon, if there is any justice in the world, you will be looked upon in the same manner that we now view drunk drivers - as totally unacceptable to society and as leeches upon public funds.
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