Just Another Manic Monday - $1.25Tn ESM Edition [View article]
I think Bot trading has caused all sorts of strange correlations - they run the same algos on so many things - you can't tell one from another anymore. We were just commenting this afternoon about the near-identical moves in oil and gold today with step by step moves and identical huge volume spikes at 11 - it's a rigged market - whether that's "common knowledge" or not, I don't know but it is what I try to point out to people.
Just Another Manic Monday - $1.25Tn ESM Edition [View article]
We call that the BBB Trade (Bullets, beans and bullion). Oddly, I was just saying to Members that I need to stop reading ZHedge if I'm trying to get more bullish.
Well Digg, I didn't want to be condescending. As a Marxian scholar, I'm sure you are familiar with Marx's overview of the class struggle:
"The bourgeoisie, wherever it has got the upper hand, has put an end to all feudal, patriarchal, idyllic relations. It ... has left remaining no other nexus between man and man than naked self-interest, than callous “payment in cash” ... for exploitation, veiled by religious and political illusions, it has substituted naked, shameless, direct, brutal exploitation ..."
So I gather that your clever use of the word "believe" was your ivory-tower nod to the religious ferver that Capitalism has aquired in the US and you want to know if I am one of the faithful or if I am calling for a Communist Jihad, which you cleverly quote as a "Marxist Revolution" knowing how droll that would sound as we all know that philosophies don't stage revolutions and, of course that Marx himself died 34 years before the Russian Revolution and had NOTHING at all to do with it other than predicting inevitable social upheaval in his writings in Germany.
I must say, taking that into account, yours is one of the deeper comments I've read here at SA!
The dichotomy of the paradox you present in your second comment is also brilliant - Our political system is the best because it allows improvement without revolution (your supposition being that other systems forbid it?) and all will be well as long as we don't try to "improve" the Constitution which, ironically, was written with the specific intent of being changed and even the guys who wrote it proposed 12 ammendments within 2 years and passed 10 of them 18 months later.
I am pretty sure though, the 11th ammendment was supposed to be "And no more ammendments after this - we mean it this time!" but then they ran out of time and no one remembered to bring it up at the next meeting... 8-)
I'm interested in your opinion on the 10 points of Communism and how they are reconciled with our non-strayed constitution.
Article 2 is that there should be a progressive tax. We have that. Article 4 is that we confiscate the property of rebels. We do that. Article 5 is centralization of credit in the hands of the state through creation of a national bank (Fed). We do that. Article 6 is centralization of communication and transportation in the hands of the state (FCC, DOT). We have that. Article 7 is state control of soil management. We do that. Article 9 is combining manufacturing with agriculture to free the farmers to seek other employment, abolishing the distinctions between town and country. We've done that and we have suburbs. Article 10 is free education in public schools and the abolition of child labor. We do that and, outside the Disney Channel, we hardly have any child labor.
So other than 1, 3 and 8, you are living in a Communist Worker's Paradise.
Article 1 is the abolition of property ownership. That's in progress as we speak for many of our fellow citizens. Article 3 is the abolition of all right of inheritance. Well we know how people feel about the "death tax." Article 8 is equal liablity of all to labor. In other words, everyone does their share. That's a tough call but most of us still work.
So what an evil, radical bastard that Marx was, right?
I did not attack Disney, I quoted an article on Disney but yes, when you work people to death in poor conditions in a labor market that offers them no escape and leads to feelings of hopeless entrapment - suicides do happen.
We spoke last week about the suicides at the AAPL plant (so forgive me for not footnoting my citations EVERY time I mention something) and again - What is the difference between your IPhones being made by people who make $150 a month and sleep 10 to a dorm room with no retirement or health care and actual slaves? What? The fact that they can quit that job and starve to death somewhere else?
Grow up people, our whole lifestyle is currently built on slave labor. We couldn't exploit the workers over here so we "outsourced" the exploitation overseas.
Am I a Maxist? Well, when did Marxist become a bad thing? Marx was a philospher and communism is a legitimate form of economic organization that is the polar opposite of capitalism and Marx was a philosopher (I know, what's that) that studied both. I quoted Aristotle above - does that make me an Aristotlist?
Marx pointed out that the inevitable strains placed upon the working class by the capitalist wheels of production would end in revolution and, it turns out, he was right. Over 160 years later we are busy recreating all the evils of early Industrial Capitalism that Marx observed at the time (1848) but I'll be there's not 5 people reading this comment who've actually read the Communist Manifesto.
In the very least, try reading the Wikipedia entry before the next time you feel the urge to cry "Marxist" at anyone who suggests Capitalism may have some flaws: en.wikipedia.org/wiki/...
Just Another Manic Monday - $1.25Tn ESM Edition [View article]
Just Another Manic Monday - $1.25Tn ESM Edition [View article]
8)
Tumultuous Tuesday: Mickey Mouse Misses Mortgage Payments? [View article]
"The bourgeoisie, wherever it has got the upper hand, has put an end to all feudal, patriarchal, idyllic relations. It ... has left remaining no other nexus between man and man than naked self-interest, than callous “payment in cash” ... for exploitation, veiled by religious and political illusions, it has substituted naked, shameless, direct, brutal exploitation ..."
So I gather that your clever use of the word "believe" was your ivory-tower nod to the religious ferver that Capitalism has aquired in the US and you want to know if I am one of the faithful or if I am calling for a Communist Jihad, which you cleverly quote as a "Marxist Revolution" knowing how droll that would sound as we all know that philosophies don't stage revolutions and, of course that Marx himself died 34 years before the Russian Revolution and had NOTHING at all to do with it other than predicting inevitable social upheaval in his writings in Germany.
I must say, taking that into account, yours is one of the deeper comments I've read here at SA!
The dichotomy of the paradox you present in your second comment is also brilliant - Our political system is the best because it allows improvement without revolution (your supposition being that other systems forbid it?) and all will be well as long as we don't try to "improve" the Constitution which, ironically, was written with the specific intent of being changed and even the guys who wrote it proposed 12 ammendments within 2 years and passed 10 of them 18 months later.
I am pretty sure though, the 11th ammendment was supposed to be "And no more ammendments after this - we mean it this time!" but then they ran out of time and no one remembered to bring it up at the next meeting... 8-)
I'm interested in your opinion on the 10 points of Communism and how they are reconciled with our non-strayed constitution.
Article 2 is that there should be a progressive tax. We have that.
Article 4 is that we confiscate the property of rebels. We do that.
Article 5 is centralization of credit in the hands of the state through creation of a national bank (Fed). We do that.
Article 6 is centralization of communication and transportation in the hands of the state (FCC, DOT). We have that.
Article 7 is state control of soil management. We do that.
Article 9 is combining manufacturing with agriculture to free the farmers to seek other employment, abolishing the distinctions between town and country. We've done that and we have suburbs.
Article 10 is free education in public schools and the abolition of child labor. We do that and, outside the Disney Channel, we hardly have any child labor.
So other than 1, 3 and 8, you are living in a Communist Worker's Paradise.
Article 1 is the abolition of property ownership. That's in progress as we speak for many of our fellow citizens.
Article 3 is the abolition of all right of inheritance. Well we know how people feel about the "death tax."
Article 8 is equal liablity of all to labor. In other words, everyone does their share. That's a tough call but most of us still work.
So what an evil, radical bastard that Marx was, right?
Tumultuous Tuesday: Mickey Mouse Misses Mortgage Payments? [View article]
I did not attack Disney, I quoted an article on Disney but yes, when you work people to death in poor conditions in a labor market that offers them no escape and leads to feelings of hopeless entrapment - suicides do happen.
We spoke last week about the suicides at the AAPL plant (so forgive me for not footnoting my citations EVERY time I mention something) and again - What is the difference between your IPhones being made by people who make $150 a month and sleep 10 to a dorm room with no retirement or health care and actual slaves? What? The fact that they can quit that job and starve to death somewhere else?
Grow up people, our whole lifestyle is currently built on slave labor. We couldn't exploit the workers over here so we "outsourced" the exploitation overseas.
Am I a Maxist? Well, when did Marxist become a bad thing? Marx was a philospher and communism is a legitimate form of economic organization that is the polar opposite of capitalism and Marx was a philosopher (I know, what's that) that studied both. I quoted Aristotle above - does that make me an Aristotlist?
Marx pointed out that the inevitable strains placed upon the working class by the capitalist wheels of production would end in revolution and, it turns out, he was right. Over 160 years later we are busy recreating all the evils of early Industrial Capitalism that Marx observed at the time (1848) but I'll be there's not 5 people reading this comment who've actually read the Communist Manifesto.
In the very least, try reading the Wikipedia entry before the next time you feel the urge to cry "Marxist" at anyone who suggests Capitalism may have some flaws: en.wikipedia.org/wiki/...