Like the illusion of Wall Street, with its vast and powerful investment banks, now shuttered, China too is an illusion perpetuated by the Globalists that gave us the 15,000 mile Caesar salad, poisoned cat food and lead based paint on babies' pacifiers. Like the illusion that money would come from thin air to always push housing prices higher, China has spent a generation pursuing its illusion. Pursuing an unattainable dream to be like the West, while 6000 years of its carefully shepherded top soil blows into the sea.
Posted: Mon Jul 21, 2008 8:01 am Post subject: Re: FDIC - freeze large dep. if a run occurs . . .
It seems like a strange concept to many that they should actually be responsible for who and what they are as well as what they do. People are very keen on rights and freedoms, but not so keen on those responsibilities and obligations.
Quote:
Rand considered her epistemology central to her philosophy, once remarking, "I am not primarily an advocate of capitalism, but of egoism; and I am not primarily an advocate of egoism, but of reason. If one recognizes the supremacy of reason and applies it consistently, all the rest follows."
According to the Objectivist epistemology, through sensory perception and a process of reasoning, man can achieve absolute knowledge of his environment. Objectivism rejects skepticism. As a corollary, it also maintains that anything that is not learned by objective, rational means is not true knowledge, rejecting faith as a means of attaining knowledge.
Instead we wish for the outcome we desire. And if we wish hard enough it may come true. Right? ; - )) _________________ The organized state is a wonderful invention whereby everyone can live at someone else's expense.
Posted: Mon Jul 21, 2008 10:27 am Post subject: Re: FDIC - freeze large dep. if a run occurs . . .
smallpoxgirl wrote:
Cashmere wrote:
Well, we disagree. Indymac was taken by the Feds Friday night and reopened Monday morning and all insured accounts were available to all depositors.
Your explanation would have to mean that a 48 hour complete takeover and reversion to normal is too long.
Or that Indymac was a small failure in comparison to what's coming.
Quote:
I don't buy it.
This is a run stopper, pure and simple.
It's a daily-used stocking.
They know the runs are coming, and they're prepping for it.
Believe what you want to believe. Probably makes life more interesting.
What it does, SPG, is make life more predictable. For me. _________________ Massive Human Dieoff must occur as a result of Peak Oil. Many more than half will die. It will occur everywhere, including where you live. If you fail to recognize this, then your odds of living move toward the "going to die" group.
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