we the sheeple Posted February 3, 2011 Report Share Posted February 3, 2011 http://blogs.wsj.com/deals/2011/02/02/bill-gross-this-is-not-gods-work/ Hits the nail. Finance Industry is a Utility - Shuffles and Skims the wealth generated by others. Pretending it's vital to the economy is confusing the rude health of a massive Parasite with the near death if its Host. Quote Link to post Share on other sites
Realistbear Posted February 3, 2011 Report Share Posted February 3, 2011 Bill is a +1 dude. He called the hpc well in advance--saw liar loans for what they are. Quote Link to post Share on other sites
gf3 Posted February 3, 2011 Report Share Posted February 3, 2011 http://blogs.wsj.com/deals/2011/02/02/bill-gross-this-is-not-gods-work/ Hits the nail. Finance Industry is a Utility - Shuffles and Skims the wealth generated by others. Pretending it's vital to the economy is confusing the rude health of a massive Parasite with the near death if its Host. I would like to understand the argument against this. May be they could do a program called "What have the bankers ever done for us" Quote Link to post Share on other sites
we the sheeple Posted February 3, 2011 Author Report Share Posted February 3, 2011 I would like to understand the argument against this. May be they could do a program called "What have the bankers ever done for us" Starring Angela Knight? Quote Link to post Share on other sites
thecrashingisles Posted February 3, 2011 Report Share Posted February 3, 2011 Link to the full article - http://www.pimco.com/Pages/Devils-Bargain.aspx Quote Link to post Share on other sites
R K Posted February 3, 2011 Report Share Posted February 3, 2011 Link to the full article - http://www.pimco.com...ls-Bargain.aspx Magnificent polemic by someone at the heart of it. All out attack on an entire industry. His own! Never mind all these silly videos from borderline nutters, read this instead. Quote Link to post Share on other sites
The Masked Tulip Posted February 3, 2011 Report Share Posted February 3, 2011 Quote Link to post Share on other sites
The Masked Tulip Posted February 3, 2011 Report Share Posted February 3, 2011 Out of the mouth of a Ferengi! Quote Link to post Share on other sites
Mikhail Liebenstein Posted February 3, 2011 Report Share Posted February 3, 2011 http://blogs.wsj.com...-not-gods-work/ Hits the nail. Finance Industry is a Utility - Shuffles and Skims the wealth generated by others. Pretending it's vital to the economy is confusing the rude health of a massive Parasite with the near death if its Host. If I were a cartoonist, I'd draw three images. One with a healthy animal (the economy) and small tick attached to it. Second with a shriveled and weaken animal an a giant tick, larger than the animal and gorged with blood. Thirdly, there would be a blood transfusion bag, but with the drip going directly into the tick and not the sick animal. Quote Link to post Share on other sites
okaycuckoo Posted February 3, 2011 Report Share Posted February 3, 2011 Too. Many. Metaphors. You know, when an American Master of the Universe gets all folksy he's really engaged in a magician's misdirection. p.s. I googled for a link to support my ramblings, and instead came up with something genuinely interesting: http://www.spring.org.uk/2008/08/psychology-of-magic-3-critical.php Quote Link to post Share on other sites
tinker Posted February 4, 2011 Report Share Posted February 4, 2011 Too. Many. Metaphors. You know, when an American Master of the Universe gets all folksy he's really engaged in a magician's misdirection. p.s. I googled for a link to support my ramblings, and instead came up with something genuinely interesting: http://www.spring.org.uk/2008/08/psychology-of-magic-3-critical.php very interesting link. The middle video is worth a look. We are so gullible. Quote Link to post Share on other sites
billybong Posted February 4, 2011 Report Share Posted February 4, 2011 Gross also says the world’s central bankers have lowered the cost of money so sharply that they are stealing money from Joe Savings Book. That sums it up quite neatly. All aided and abetted by the likes of the Mr King at the BoE. Quote Link to post Share on other sites
salamander Posted February 4, 2011 Report Share Posted February 4, 2011 (edited) Bankers do nothing of social worth ? What do they actually do that has any worth whatsoever which could not be done by more honest people that actually want to make a valid contribution to the society/world in which we live. ? Edited February 4, 2011 by salamander Quote Link to post Share on other sites
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