Milton Friedman’s beach club, the free markets debt fueled demandless house of cards darling is imploding, and could take the world with it. its getting tougher for the parasites, where are they going to escape with their loot? tsk, tsk:)
Nickname unavailable
house of cards darling is imploding, and could take the world with it.
its getting tougher for the parasites, where are they going to escape
with their loot?
the cayman islands have found out that wealthy parasites are a drag
on the economy, not a plus. so they are now being forced into taxing
them, as they should have from the beginning. now another darling is
in trouble, tsk, tsk.
http://finance.yahoo.com/news/Dubai-debt-fears-hit-world-apf-3624614071.html?x=0
Dubai debt fears hit world markets hard
Dubai debt fears, dollar slide hit world stock markets hard
• By Pan Pylas, AP Business Writer
• On 10:00 am EST, Thursday November 26, 2009
LONDON (AP) -- World stock markets fell sharply Thursday as investors
fretted over the debt problems at Dubai World, a government investment
company, and the continued fall in the dollar.
Markets are usually relatively quiet when Wall Street is closed for a
holiday, as it is Thursday for Thanksgiving Day -- not so today.
In Europe, the FTSE 100 index of leading British shares was down
116.65 points, or 2.2 percent, at 5,248.16, having been out of action
earlier for over three hours because of technical problems.
Germany's DAX fell 129.45 points, or 2.2 percent, to 5,673.57 while
the CAC-40 in France was 85.17 points, or 2.2 percent, lower at
3,723.99.
Earlier in Asia, the Shanghai index tanked 119.19 points, or 3.6
percent, to close at 3,170.98, its biggest one-day fall since August
31, while Hong Kong's Hang Seng shed 1.8 percent to 22,210.41.
Sentiment in stocks has been dented by the news that Dubai World,
which is thought to have debts totaling around $60 billion, has asked
creditors if it can postpone its forthcoming payments until May. That
has stoked fears of a potential default and contagion around the
global financial system, particularly in emerging markets.
"Certainly the Dubai debt debacle and the uncertainty that it has
created has had a severe knock on effect," said David Buik, markets
analyst at BGC Partners.
Investors were also keeping a close eye on developments in the
currency markets as the dollar slid to a new 14-year low of 86.27 yen,
while the euro pushed up to a fresh 15-month high of $1.5141. By mid
afternoon London time, the dollar had recouped some ground and was
trading at 86.72 yen, down 0.7 percent on the day, while the euro was
0.6 percent lower at $1.5046.
The continued appreciation in the value of the yen continues to dent
Japanese stocks as investors worry that the rising currency will have
a detrimental effect on the country's exports. Japan's Nikkei 225
stock average fell 58.40 points, or 0.6 percent, to 9,383.24.
Kit Juckes, chief economist at ECU Group, said the developments in
Dubai and in the currency markets are related as the fall in risk
appetite has pushed money into government bonds and into safe haven
currencies such as the Swiss franc and the yen.
This, he said, is "testing the tolerance of central banks to see their
currencies cause further damage to their economies."
Already there has been unconfirmed talk in the markets that the Swiss
National Bank has intervened to buy dollars to prevent the export-
sapping appreciation of the Swiss franc.
Meanwhile, Japanese Finance Minister Hirohisa Fujii tried to assure
the market he was closely monitoring the situation and would "take
appropriate steps if foreign exchange rates move abnormally." But that
did little to ease investor worries.
Across all markets, there is a growing awareness that investors may
use the upcoming year-end to lock-in whatever profits have been made
over the last 12 months.
Gold, one of the biggest high-flyers over the last few months,
continued to rise as it garnered renewed support from its safe haven
status. It hit a new record high of $1,196.8 an ounce, before falling
back modestly. By mid afternoon London time, gold was down 0.1 percent
at $1,186.30 an ounce.
Oil also fell alongside stocks -- the two have traded alongside each
other for much of this year. Benchmark crude for January delivery was
down 92 cents, or 1.1 percent, at $77.04 a barrel. On Wednesday, it
rose $1.94.
Elsewhere in Asia, markets in Australia, Singapore, Taiwan and
Indonesia closed lower.
AP Business Writer Writer Jeremiah Marquez contributed to this report
from Hong Kong.
Geo
> Milton Friedman’s beach club, the free markets debt fueled demandless
> house of cards darling is imploding, and could take the world with it.
> its getting tougher for the parasites, where are they going to escape
> with their loot?
>
> the cayman islands have found out that wealthy parasites are a drag
> on the economy, not a plus. so they are now being forced into taxing
> them, as they should have from the beginning. now another darling is
> in trouble, tsk, tsk.
>
The problem is that the Cayman's are spending beyond their means.
Sound familiar?
Nickname unavailable
you mean they do not want to live in a infested environment, and have
decided that they no longer wish to pamper parasites. just look at
another milton friedman miracle, dubia. your whole world is imploding
right in front of your face.
Geo
Yeah, socialism is such a roaring success around the world, isn't it?
Rod Speed
A mixture of socialism and capitalism certainly is. Nothing else is seen at all, anywhere.
Me, ...again!
Besides capitalism, in China, today, what evidence is there of any
socialism in China, today? Or, do you think a country run by a
totalitarian government with money, private ownership of almost
everything, zero or near zero subsidy of health plans/benefits (in China),
free or nearly free enterprise management of means of production (now, in
China) represents socialism (as in govt managing China's trade for the
benefit of China)?
Nickname unavailable
you are suggesting that singapore, hong kong, dubia are socialists?
snicker.
Rod Speed
> Rod Speed wrote
>> Geo wrote
>>>> Geo <taxpayer...@hotmail.com> wrote
>>>>> Sound familiar?
>>>> you mean they do not want to live in a infested environment, and
>>>> have decided that they no longer wish to pamper parasites. just
>>>> look at another milton friedman miracle, dubia. your whole world
>>>> is imploding right in front of your face.
>>> Yeah, socialism is such a roaring success around the world, isn't it?
>> A mixture of socialism and capitalism certainly is. Nothing else is seen at all, anywhere.
> Besides capitalism, in China, today, what evidence is there of any socialism in China, today?
They still have some socialist stuff, most obviously with medical services and
education, the military, the police, the fire services, the judiciary etc etc etc.
> Or, do you think a country run by a totalitarian government with money, private ownership of almost everything,
That last is a bare faced lie, most obviously with housing and transport infrastructure.
> zero or near zero subsidy of health plans/benefits (in China),
There's still plenty of free medical services.
> free or nearly free enterprise management of means of production (now, in China)
There's still plenty thats govt owned.
> represents socialism
Corse it does.
> (as in govt managing China's trade for the benefit of China)?
Thats not socialism.
Me, ...again!
On Sun, 29 Nov 2009, Rod Speed wrote:
> Me, ...again! wrote
>> Rod Speed wrote
>>> Geo wrote
>>>> Nickname unavailable <Vide...@tcq.net> wrote
>>>>> Geo <taxpayer...@hotmail.com> wrote
>
>>>>>> Sound familiar?
>
>>>>> you mean they do not want to live in a infested environment, and
>>>>> have decided that they no longer wish to pamper parasites. just
>>>>> look at another milton friedman miracle, dubia. your whole world
>>>>> is imploding right in front of your face.
>
>>>> Yeah, socialism is such a roaring success around the world, isn't it?
>
>>> A mixture of socialism and capitalism certainly is. Nothing else is seen at all, anywhere.
>
>> Besides capitalism, in China, today, what evidence is there of any socialism in China, today?
>
> They still have some socialist stuff, most obviously with medical services
Not what I read in the papers.
and
> education,
This is not evidence of socialism, either.
> the military,
This is not evidence of socialism
> the police, the fire services, the judiciary etc etc etc.
What you are describing is "standard" functions of governments. All of
them have this.
>> Or, do you think a country run by a totalitarian government with money,
>> private ownership of almost everything,
>
> That last is a bare faced lie,
It was official a couple years ago: private ownership, all over.
> most obviously with housing and transport infrastructure.
Housing? Just like in Russia back in early 1990s: all private ownership,
but they have to pay real estate taxes now, just like us.
>> zero or near zero subsidy of health plans/benefits (in China),
>
> There's still plenty of free medical services.
Nope.
>> free or nearly free enterprise management of means of production (now, in China)
>
> There's still plenty thats govt owned.
"plenty"? Like you can use that word just like the word "many". Anywhere
from zero to 100%
>> represents socialism
>
> Corse it does.
You wouldn't know socialism if it bit you on your lard arse.
>> (as in govt managing China's trade for the benefit of China)?
>
> Thats not socialism.
Oh, you think US govt management of medical services (in the USA, as in
ObamaCare, or England, as in National Health Services) is not socialism.
>
>
Rod Speed
> Rod Speed wrote
>> Me, ...again! wrote
>>> Rod Speed wrote
>>>> Geo wrote
>>>>> Nickname unavailable <Vide...@tcq.net> wrote
>>>>>> Geo <taxpayer...@hotmail.com> wrote
>>>>>>> Sound familiar?
>>>>>> you mean they do not want to live in a infested environment, and
>>>>>> have decided that they no longer wish to pamper parasites. just
>>>>>> look at another milton friedman miracle, dubia. your whole world
>>>>>> is imploding right in front of your face.
>>>>> Yeah, socialism is such a roaring success around the world, isn't it?
>>>> A mixture of socialism and capitalism certainly is. Nothing else is seen at all, anywhere.
>>> Besides capitalism, in China, today, what evidence is there of any socialism in China, today?
>> They still have some socialist stuff, most obviously with medical services
> Not what I read in the papers.
Then you need to read something better than Murdoch's shit rags.
>> and education,
> This is not evidence of socialism, either.
Corse it is.
>> the military,
> This is not evidence of socialism
Corse it is. The non socialist alternative is mercenarys etc.
>> the police, the fire services, the judiciary etc etc etc.
> What you are describing is "standard" functions of governments. All of them have this.
Yes, but its socialism as well.
Even tax collection was at one time not done by govt, it was farmed out to individuals instead.
>>> Or, do you think a country run by a totalitarian government with money, private ownership of almost everything,
>> That last is a bare faced lie,
> It was official a couple years ago: private ownership, all over.
There is nothing even remotely resembling anything like private
ownership of everything, most obviously with the absolute vast
bulk of where people live, the absolute vast bulk of transport
infrastructure, roads, railways, water supplys etc etc etc.
>> most obviously with housing and transport infrastructure.
> Housing? Just like in Russia back in early 1990s: all private ownership,
Thanks for that completely superfluous proof that you have
never ever had a fucking clue about anything at all, ever.
> but they have to pay real estate taxes now, just like us.
Thanks for that completely superfluous proof that you have
never ever had a fucking clue about anything at all, ever.
>>> zero or near zero subsidy of health plans/benefits (in China),
>> There's still plenty of free medical services.
> Nope.
Yep.
And schools in spades.
>>> free or nearly free enterprise management of means of production (now, in China)
>> There's still plenty thats govt owned.
> "plenty"? Like you can use that word just like the word "many".
> Anywhere from zero to 100%
Never ever could bullshit its way out of a wet paper bag.
>>> represents socialism
>> Corse it does.
> You wouldn't know socialism if it bit you on your lard arse.
Cant even manage its own lines, or anything else at all, either.
>>> (as in govt managing China's trade for the benefit of China)?
>> Thats not socialism.
> Oh, you think US govt management of medical services (in the USA, as
> in ObamaCare, or England, as in National Health Services) is not socialism.
Nothing like whats in that line, fool.
Me, ...again!
On Sun, 29 Nov 2009, Rod Speed wrote:
> Me, ...again! wrote
>> Rod Speed wrote
>>> Me, ...again! wrote
>>>> Rod Speed wrote
>>>>> Geo wrote
>>>>>> Nickname unavailable <Vide...@tcq.net> wrote
>>>>>>> Geo <taxpayer...@hotmail.com> wrote
>
>>>>>>>> Sound familiar?
>
>>>>>>> you mean they do not want to live in a infested environment, and
>>>>>>> have decided that they no longer wish to pamper parasites. just
>>>>>>> look at another milton friedman miracle, dubia. your whole world
>>>>>>> is imploding right in front of your face.
>
>>>>>> Yeah, socialism is such a roaring success around the world, isn't it?
>
>>>>> A mixture of socialism and capitalism certainly is. Nothing else is seen at all, anywhere.
>
>>>> Besides capitalism, in China, today, what evidence is there of any socialism in China, today?
>
>>> They still have some socialist stuff, most obviously with medical services
>
>> Not what I read in the papers.
>
> Then you need to read something better than Murdoch's shit rags.
How about Rod Speed's shit posts?
Samples of actual sentences (actual quotes) that Rod Speed uses to
displayh his intellectual brilliance, spelling and grammatical prowess,
and other elements of his politeness/compassion/patience.....
---------
No one ever said anything even remotely resembling anything like that.
Just another of your pathetic little pig ignorant fantasys.
He's just another pig ignorant fool. No surprise that you 'think' that
the sun shines out of his arse.
Like hell it does.
Just another of your pathetic little pig ignorant fantasys.
Rod Speed
own lines, or anything else at all either, with pathetic psychotic
delusions about being a dog, desperately cowering behind
Me, again! desperately attempted to bullshit and lie its way out
of its predicament and fooled absolutely no one at all, as always.
No surprise that it got the bums rush, right out the door, onto its lard arse.
No surprise that its so pathetically bitter and twisted about it.
Me, ...again!
See, everyone, how "copy and paste" works? You can thank Bill Gates for
it.
Farther down is my magnificent poem about Rod Speed, FYI.....
On Sun, 29 Nov 2009, Rod Speed wrote:
Once upon a time there was an emperor
Who had the idea he could spin clothes made out of gold
Of course, they were invisible, and all the emperor's people laughed
Because the emperor's clothes did not exist
Once upon a time there was a Rod Speed
Who no one would heed
He thought he had the one and ultimate truth
And no one else but him spoke it
And, thus he called everyone names and bad names
And, everone ignored him, as always
He lied, he fibbed, he spun, he spin
He huffed and puffed, buffooned, and bluffed
And, blew himself to bits.