Comments by "TaichiStraightlife" (@TaichiStraightlife) on "Ian Bremmer: Racial Inequality in the US | Quick Take | GZERO Media" video.

  1. He's a man crazy about fences, all shapes & forms: totally obsessed... why, where do you think Melania's rings come from? Yup: a fence.
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  2.  @sword7872  I agree with you there & I believe the rules have been changed concerning how much they can sell & how much they must keep, but yes, that was a very big reason 2008 happened; of course, the ignorance and institutional dishonesty of the ratings agencies were yet another domino that fell with a thud, and at heart the FUNDAMENTAL MORAL VACUUM ON WALL STREET. I don't know how many times I called Goldman Sachs to get information sent me on companies they were going to take public, which I believe is an SEC rule and they always took down my name and address never sent me one... now, that's of course only a tiny example but it's a small indication of their amoral mindset.
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  3. Why?
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  4. Of course you can live in a debt-based society. Debt, the ability to create and package debt, is great; the same is true for stocks, which are also a kind of currency, the price of which is adjusted moment by moment, and anything else on that asset spectrum, like convertible debentures; they all serve a particular purpose. Otherwise the economy would be tiny; only old people, who had saved their entire lives would be afford to buy homes with their savings, accumulated over decades... same with any high ticket item, like cars. Young people starting out would have to live with their parents virtually FOREVER. Instead, they forward sell the value of their FUTURE EARNINGS; that's called taking out a mortgage, and it's secured by the value of the home itself. Pay what you promised to pay and nobody will ever be able to take it away. You're throwing a lot of hazy and unconnected statements against the wall and hoping a few of them stick... but it's doubtful they will, because you simply don't understand capitalism. On the other hand, nothing is good when taken to extremes, and extreme debt IS bad. Indentured servitude, by the way, is not slavery. Slavery is slavery; it's endless. Indentured Servitude is indentured servitude over a particular period of time agreed upon by both parties, which is not the same thing as having a job. A job you can quit, indentured servitude is for the period contracted for, for example pay off a debt, like passage to the New World. So, in essence, the worker said: pay my fare to the New World & I will work for you for a period of 7 years to pay off that debt: he was forward-selling the value of his labor. Now, what if he died during the voyage from a giant wave or smallpox or whatever? The other side of the contract, the guy who paid the fare, was out of luck. There's always a risk; capitalism is about quantifying risk in hopes of making a profit... but, like the man said: "there's many a slip between the cup and the lip" Or, as Robert Burns said: the best laid schemes of mice and men gang aft agley...
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