Is Amercia Broke?

[New Nexus]

Loz Wrote:

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> Oh, so participating in financial transactions

> with people now gets classed as "rioting,

> vandalizing and looting"?

>

> Hyperbole.

Please go check out Glass-Steagall Act, then tell me this was not looting.

[Loz]

Please go and look up the definition of 'looting' and then explain why it was.

[New Nexus]

Loz Wrote:

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> Please go and look up the definition of 'looting'

> and then explain why it was.

The maker of cardboard boxes, which surged above International Paper Co. (IP)?s unsolicited offer of $30.60 a share after rejecting it in June, has since lost almost all the 50 percent gain as the U.S. economy sputtered and it was sued for ?fraudulently looting? a former unit?s assets. The gap between Temple-Inland?s price of $22.75 and International Paper?s proposal is now wider than any pending U.S. deal valued at $1 billion or more, according to data compiled by Bloomberg.

The lawsuit claims that Temple-Inland, which spun off Guaranty Financial Group Inc. (GFGFQ) in 2007, and the former subsidary?s directors and officials caused its failure ??by fraudulently looting? assets exceeding $1 billion. The suit was filed in federal court in Dallas Aug. 22 by Kenneth L. Tepper, the liquidation trustee for Guaranty Financial.

A federal jury found Brooks guilty last year of committing a $185 million fraud and looting the company, formerly called DHB Industries Inc., to pay for personal expenses. Three tax counts were separated from the other charges he was convicted of, including insider-trading, fraud and obstruction of justice. He has asked for a new trial on those charges.

I can go through Bloomberg all day and find hundreds more, and that?s just one publication.

[Loz]

Let me help you, NN.

looting (verb)

Steal goods from (a place), typically during a war or riot

- police confronted the rioters who were looting shops

Steal (goods) in such circumstances

- tons of food aid awaiting distribution had been looted

Try again.

[New Nexus]

Loz Wrote:

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> Let me help you, NN.

>

> looting (verb)

>

> Steal goods from (a place), typically during a

> war or riot

> - police confronted the rioters who were

> looting shops

>

> Steal (goods) in such circumstances

> - tons of food aid awaiting distribution

> had been looted

>

> Try again.

?typically during a war? ? how many wars are the US and UK in at the moment, or are we calling them police actions.

Typically not exclusively.

Be as anal as you like.

[Loz]

Yes, it does say ?typically during a war?. It also specifically says 'goods'.

Fail.

Do you want to try to justify your charges of rioting and vandalizing as well, or are you quietly withdrawing those.

[New Nexus]

Loz Wrote:

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> Yes, it does say ?typically during a war?. It

> also specifically says 'goods'.

>

> Fail.

>

> Do you want to try to justify your charges of

> rioting and vandalizing as well, or are you

> quietly withdrawing those.

The Telegraph, FT, Bloomberg and BBC use the term looting when talking about banking sector misconduct.

But the great oracle Loz knows better than all, please don?t scream and scream until you make yourself sick.

[Loz]

Doesn't make it the correct usage of the word, though. Two wrongs, and all that.

Anyway, did they use rioting and vandalizing as well? Or are you avoiding that question now?

[New Nexus]

Loz Wrote:

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> Doesn't make it the correct usage of the word,

> though. Two wrongs, and all that.

>

> Anyway, did they use rioting and vandalizing as

> well? Or are you avoiding that question now?

We could nit-pick words all day if you want.

The realty is that fraudulent banking sector has coursed more damage to the world?s economy than silly kids in hoodies.

This was / is a planed coup d'?tat by bankers and financial entireties to usurp the legislature arm and the judicial arm.

Who voted for the stealth tax known as Quantitative Easing?, which feeds speculators and thus inflation,

Yes inflation is no bad thing, when it is a price discovery mechanism. This is not a price discovery mechanism, it is out of control gambling addiction by speculators, and the regulators are not just asleep at the wheel they are drunk at the wheel.

Fed to keep rates at basically zero for two years = QE3, QE4, QE5 Etc.

All empires over stretch themselves militarily and financially before they collapse (ring any bells) and every empire thinks itself impervious to collapse.

Yes the world will still be here tomorrow, but what kind of world? One the we chose or one that has been chosen for us

[Huguenot]

"This was / is a planed coup d'?tat by bankers and financial entireties to usurp the legislature arm and the judicial arm."

Please, please... can this be a Godwin? Please let this be a Godwin?

Why the feck is this complete ninny still talking in Americanisms? "the legislature arm and the judicial arm" - these aren't English phrases.

Next Nexus are you an American? Do you crave to be an American? Did you do the lightsaber dance on youtube?

This is why I'm suggesting you're copying and pasting. Because you're incapable of talking in an English way.

You mentioned on another thread you were 'keeping things simple'. In some sort of deranged way you genuinely believe what you're saying don't you? Do the boys on US bulletin boards impress you? Do you want to be like them?

Did you want to start these stupid threads on the EDF because you didn't see any others like them, and you thought you could 'own' them?

[Loz]

New Nexus Wrote:

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> Yes the world will still be here tomorrow, but

> what kind of world? One the we chose or one that

> has been chosen for us

Neither. It will be the one that develops as a consequences of billions of unrelated decisions made by people in power all over the world.

Or are you suggesting we have a snap poll of over 6 billion people. And if we could do that, would you actually get the result you hoped for?

You want an easy protest? Get everyone to close their bank accounts and withdraw all their savings. But that is never going to happen.

[Santerme]

New Nexus, it sounds like you have far too much time on your hands.

Do you have any practical experience in the areas you are posting about, or is this all the result of internet information overload?

[New Nexus]

Santerme Wrote:

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> New Nexus, it sounds like you have far too much

> time on your hands.

>

> Do you have any practical experience in the areas

> you are posting about, or is this all the result

> of internet information overload?

CO: ibilly99

Paul Woolley, a one time fund manager, and currently head of the LSE's center for Capital Market Dysfunctionality (sometimes affectionately known as the Princeton Economics department) who explains why things are on the edge of a precipice. His message for anyone who thought that Irene may have been a risk: you ain't seen nothing yet. "The developments in recent weeks have made it quite clear that the markets don't function properly. Things are spinning out of control and are potentially dangerous for society. Only a fraternity of academic high priests connected to the finance markets is still speaking of efficient markets. Still each market participant is pursuing their own selfish interests. The market isn't reaching equilibrium -- it's falling into chaos."

Ps.

Yes

[Huguenot]

I love that quote.

It reads.... "AN Other, the otherwise unimportant man in charge of saying 'everything's buggered' said 'everything's buggered'"

[resident25yearsED]

hello, although sometimes we do avoid imagining the worse scenario..it's kind of scary to!..Perhaps if we did more we could help avoid them?

R

[resident25yearsED]

Santerme Wrote:

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> New Nexus, it sounds like you have far too much

> time on your hands.

>

> Do you have any practical experience in the areas

> you are posting about, or is this all the result

> of internet information overload?

I agree..to much internet information can lead to confusion..don't know what to believe..mind you i'm not sure learning from this site is any more reliable really..still it's interesting!

[MissNoodlesHats]

yes , but so what.

[HAL9000]

Just for a laugh:

[????]

On QE I was reading the economist guy in the Standard yesterday and he (tongue in chhek - I think) suggested rather than QE we just gave every person in the UK ?3,000 (as that's the cost). That way we don't get the money stuck and 'lost' in the financiasl system just get it out in the real economy or paying off individuals debts......it's inflationary of course (as is QE) but it sounds like it'd be more likely to encourage Economic Growth....but maybe not prop up corporate/banking balance sheets....our dunderhead economic masters still think in Supply terms ie we'll inject ?150bn into the economy via this clumsy method.

[Jeremy]

Give everybody 3K? Most people would probably spend it on a holiday!

Might help the poor old Greeks though.

[StraferJack]

"Give everybody 3K? Most people would probably"

Sounds like jealously of the suddenly well off ;-)

[Jeremy]

No no... just pointing out that it wouldn't help the UK economy much if it was all spent in Faliraki and Tenerife...

[????]

...or the Dordoigne surely Jeremy

[Huguenot]

The Economist used to carry on about property rights in China, until the Chinese gave property rights to a small village south of Shanghai.

The majority of the male residents promptly sold the property at fractional prices (there was a glut) to a local entrepreneur and spent the cash to go and live on whisky in a slum in Shanghai.

One week later three of them were dead, and all of the rest were destitute.

The really stupid thing about English people is that they probably think it's 'just the chinese'.

You give 3k to every Brit...

[Jeremy]

???? Wrote:

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> ...or the Dordoigne surely Jeremy

I'm sure most Brits would probably rather go to Greek island or something. Hell, most of them can't even spell Dordogne.