• Here is a link to the full explanation: https://rollitup.org/t/welcome-back-did-you-try-turning-it-off-and-on-again.1104810/

Super Tuesday

Who's it gonna be?

  • Biden

    Votes: 12 48.0%
  • Sanders

    Votes: 10 40.0%
  • Trump

    Votes: 3 12.0%

  • Total voters
    25

Fogdog

Well-Known Member
Capitalism is not defined by how currency is issued. Capitalism is an economic system in which resources and "means of production" are privately owned.

You should go continue your Bernie-loss induced histrionic meltdown on reddit and stop spamming our site.
The butt hurt is strong in this one.

He's not even a Sanders supporter but here to spam us as if he were one. Got so caught up in his fake persona he's now actually butt hurt that the guy he faked support for has tanked.

I don't even know how I managed to write that twisted line. Yet he's living it.

It just goes to show what happens when people detach themselves from reality without a life line to follow back to one's own sanity.
 

Buss Relville

Well-Known Member
Capitalism is not defined by how currency is issued. Capitalism is an economic system in which resources and "means of production" are privately owned.

You should go continue your Bernie-loss induced histrionic meltdown on reddit and stop spamming our site.
You are really, really lost. Let me try to help.

A system in which the spending of money exceeds actual spendable resources is inherently not capitalist. For free trade to exist, capital to trade freely has to exist. Making up a fake supply of money, is clearly not capitalist.
 

Buss Relville

Well-Known Member
That's a bullshit answer, they were NOT using the term to describe the general economic system in the US, but were referring to the lack of adequate regulation on the financial industry.

It's one and the same, pay attention.

You guys are absolutely pathetic.
 

Buss Relville

Well-Known Member



"Dimon should know. He was at the helm when JPMorgan received a $25bn socialist-like bailout in 2008, after it and other Wall Street banks almost tanked because of their reckless loans.

Dimon subsequently agreed to pay the government $13bn to settle charges that the bank overstated the quality of mortgages it was selling to investors in the run-up to the crisis. According to the Justice Department, JPMorgan acknowledged it had regularly and knowingly sold mortgages that should have never been sold. (Presumably this is where the “stagnation, corruption and often worse” comes in.)

The $13bn penalty was chicken feed to the biggest bank on Wall Street, whose profits last year alone amounted to $35bn. Besides, JPMorgan was able to deduct around $11bn of the settlement costs from its taxable income.

To state it another way, Dimon and other Wall Street CEOs helped trigger the 2008 financial crisis when the dangerous and irresponsible loans their banks were peddling – on which they made big money – finally went bust. But instead of letting the market punish the banks (which is what capitalism is supposed to do) the government bailed them out and eventually levied paltry fines which the banks treated as the cost of doing business."
 

Fogdog

Well-Known Member



"Dimon should know. He was at the helm when JPMorgan received a $25bn socialist-like bailout in 2008, after it and other Wall Street banks almost tanked because of their reckless loans.

Dimon subsequently agreed to pay the government $13bn to settle charges that the bank overstated the quality of mortgages it was selling to investors in the run-up to the crisis. According to the Justice Department, JPMorgan acknowledged it had regularly and knowingly sold mortgages that should have never been sold. (Presumably this is where the “stagnation, corruption and often worse” comes in.)

The $13bn penalty was chicken feed to the biggest bank on Wall Street, whose profits last year alone amounted to $35bn. Besides, JPMorgan was able to deduct around $11bn of the settlement costs from its taxable income.

To state it another way, Dimon and other Wall Street CEOs helped trigger the 2008 financial crisis when the dangerous and irresponsible loans their banks were peddling – on which they made big money – finally went bust. But instead of letting the market punish the banks (which is what capitalism is supposed to do) the government bailed them out and eventually levied paltry fines which the banks treated as the cost of doing business."
nah

It was the Bush administrations decision to not regulate the newer bundled securities market. You can't blame capitalists for following the rules set by regulators, or in this case, telling them they could do whatever they wanted. A regulated market is necessary in order for capitalism to thrive. I know you hate this, Priscilla, and will throw a tantrum when I say it but there is no such thing as an unregulated free market.
 

Fogdog

Well-Known Member
You seem aroused, honestly.

Pick up that Freud book dude.
What part of my disgust don't you understand? Are you deliberately humiliating @shuylaar?

It doesn't bother me if you sing the child's song "kissing in a tree". Maybe she cares. Otherwise, do please continue if it keeps you from making other stupid posts, I'm willing to reply back. I don't know how much spam you will be allowed to post but eventually, you'll exceed the admin's tolerance and they will nix you. Just like they did the other socks you've posed under.
 

PJ Diaz

Well-Known Member
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