Comments on: The Wall Street Mess Culprit (as we suspected) is SPECULATION http://www.smallbusinessboomers.com/the-wall-street-mess-culprit-as-we-suspected-is-speculation/ business advice for boomers Tue, 26 Jan 2010 00:05:44 +0000 http://wordpress.org/?v=2.9.1 hourly 1 By: Kimberly http://www.smallbusinessboomers.com/the-wall-street-mess-culprit-as-we-suspected-is-speculation/comment-page-1/#comment-1267 Kimberly Thu, 25 Sep 2008 17:08:52 +0000 http://www.smallbusinessboomers.com/the-wall-street-mess-culprit-as-we-suspected-is-speculation/#comment-1267 Another other fine mess you got us into..... So who's got all the Money from this ...Who lined their pockets then took the Money and ran...Does any one KNOW that 's even willing to say or is it just easy to rip off the American people and leave everyone else holding the bag or BILL for the obvious greedy people who really caused ...This debacle goes back the early 1970's when money in America stopped being currency. Wall street figured out they were playing with monopoly money and obviously took advantage of the relaxed law's to steal dirty sexy money. How true... Hollywood coins a phrase clearly describes how the greedy Wall Street players ripoff America ... rich always figure out how to get richer & richer and walk away ...Now want US pay their tab....So clever. Hands are still in the cookie jar and no one really care's ...In every crime story it's simple to follow the money...Who made the most just before the bubble burst ...LOOK and see so simple ..Greed greed greed.... pointing fingers. Another other fine mess you got us into…..
So who’s got all the Money from this …Who lined their pockets then took the Money and ran…Does any one KNOW that ’s even willing to say or is it just easy to rip off the American people and leave everyone else holding the bag or BILL for the obvious greedy people who really caused …This debacle goes back the early 1970’s when money in America stopped being currency. Wall street figured out they were playing with monopoly money and obviously took advantage of the relaxed law’s to steal dirty sexy money. How true… Hollywood coins a phrase clearly describes how the greedy Wall Street players ripoff America … rich always figure out how to get richer & richer and walk away …Now want US pay their tab….So clever. Hands are still in the cookie jar and no
one really care’s …In every crime story it’s simple to follow the money…Who made the most just before the bubble burst …LOOK and see so simple ..Greed greed greed…. pointing fingers.

]]> By: Miranda http://www.smallbusinessboomers.com/the-wall-street-mess-culprit-as-we-suspected-is-speculation/comment-page-1/#comment-312 Miranda Thu, 18 Sep 2008 14:37:49 +0000 http://www.smallbusinessboomers.com/the-wall-street-mess-culprit-as-we-suspected-is-speculation/#comment-312 Thanks for calling my post brilliant! :) Part of the issue we have, though, is that now, more than ever, we have this illusion that there must always be growth. We have this idea that the natural downcycles are bad and must be halted at all costs. What that serves to do is stimulate artificial growth (while people are "confident"), making the whole system more unstable. Related to this problem is that now the economy is based on debt and consumerism. This means that measures taken to keep growth coming all revolve around ordinary people spending more money and remaining in just enough debt to keep making interest payments to other people. So yes, it will happen again. But it will continue to get bigger, and more dramatic, until it results in total collapse. Thanks for calling my post brilliant! :)

Part of the issue we have, though, is that now, more than ever, we have this illusion that there must always be growth. We have this idea that the natural downcycles are bad and must be halted at all costs. What that serves to do is stimulate artificial growth (while people are “confident”), making the whole system more unstable.

Related to this problem is that now the economy is based on debt and consumerism. This means that measures taken to keep growth coming all revolve around ordinary people spending more money and remaining in just enough debt to keep making interest payments to other people.

So yes, it will happen again. But it will continue to get bigger, and more dramatic, until it results in total collapse.

]]> By: Kristen King http://www.smallbusinessboomers.com/the-wall-street-mess-culprit-as-we-suspected-is-speculation/comment-page-1/#comment-454 Kristen King Thu, 18 Sep 2008 14:07:18 +0000 http://www.smallbusinessboomers.com/the-wall-street-mess-culprit-as-we-suspected-is-speculation/#comment-454 I think you meant to say that humans SHOULD have learned that speculation results in disaster, because clearly the message didn't sink in yet. :) kk I think you meant to say that humans SHOULD have learned that speculation results in disaster, because clearly the message didn’t sink in yet. :)

kk

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