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Greed is BAD - Now we suffer!

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By: jaymarcel
2 days ago (Monday, 8:22 am)

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Re:Greed is BAD - Now we suffer! Reply to this message
Do you need that high spec computer?
Do you need such fast internet access?
Do you need that roof over your head?
The answer is no, so looks like you are in the greedy category also dr.xingli

By: dr.xingli_writes
3 days ago (Sunday, 8:47 pm)

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Re:Greed is BAD - Now we suffer! Reply to this message
Greed is bad.

There is no justification for it.

WASTE is always found to be the result of GREEDY actions.

Only the person who has been or is GREEDY attempts to justify it.

AVOID being GREEDY in LIFE.

By: guy.longshank1
17/11/2009
4:57 pm

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Re:Greed is BAD - Now we suffer! Reply to this message
.....(cont from below)

Congratulations upon your use of something else in sentence 4 of 3 though tigereye670 -

"Because I care only about the truth/facts..."

Ho Ho Ho!!

Well! At least you tried.... :)

By: guy.longshank1
17/11/2009
4:55 pm

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Re:Greed is BAD - Now we suffer! Reply to this message
Hey tigereye670

Why do most of your sentences start with the same letter?

The letter "I"



Your your post of 12:54 for example -

"I dont bother offering..."
"I only care about the truth..."
"I notice the problem with being 1 sided.."

Hmmm?

Hope "I" did not offend with this post.. :)

By: rossnhoj
16/11/2009
2:24 pm

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Re:Greed is BAD - Now we suffer! Reply to this message
Hey Mr Tigereye --sitting on the fence with all your calculated infringed comments are about your limit, your view of yourself is limited, trouble shooters are decisive and dynamic, Pherhaps with your greed of our need, you must have been aligned or employed by the government sponsord news left leaning media the A.B.C.

By: tigereye670
16/11/2009
12:54 pm

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Re:Greed is BAD - Now we suffer! Reply to this message
hdm, which pints r u referring to?

I dont bother offering opinions on mere guesses or media headlines unless someone asks for it. The info i provide is from reputable sources (as far as i can tell, from CIA spokesmen, documentaries, etc). Of course these sources may be wrong.

I only care about the truth because only reality matters not personal desires, and so I do not care which party is in power as long as they provide the best all-round governance. I do however like to listen, watch & analyse people & situations (since i am a business analyst & trouble shooter) & to be that you must be impartial & honest otherwise the best results will be illusive.

I notice the problem with being 1 sided eg (conservative (right wing) or liberal (left wing) is that they r tied into a particular logic no matter what the reality may be. hence society constantly swings from 1 to the other as a reaction to the negative aspects each, eg, when society becomes too liberal (socialism) with anything goes in the name of free will, inevitably people become lazy or destructive due to lack of enforcement of self responsibility eg, soft sentencing. As a result society gets fed up & swings the other way to conservatism to combat crime & dropping standards. Unfortunately life is only good while the pendulum moves though the mid point, or what i call a balanced approach to life, & keeps going towards conservative or fascist ideals until people get fed up with excessive penalties & restrictions to liberty & revolt back towards socialism once again.

Because I care only about the truth/facts and whats best in the LONG term I notice that all philosophies have their pros and cons, and we should use the best aspects and ignore the negatives. Hence whenever someone criticises 1 govt while only preaching about the virtues of another its immediately obvious they are not interested in the truth but in promoting a philosophy irrespective of its drawbacks or the truth.

By: ralph.montegue
14/11/2009
7:04 pm

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Re:Greed is BAD - Now we suffer! Reply to this message
Not atall firefly_au! I meant what I wrote. I enjoyed reading what yo had been kind enough to post. Just did not agree with all of it. Trust you enjoyed your two wheel expedition and returned home safely to your loved ones..

By: firefly_au
13/11/2009
2:35 pm

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Re:Greed is BAD - Now we suffer! Reply to this message
Hi Ralph :)

Its cool mate when I looked at what I had posted i thought to myself :

1 - Goodness am I writing a book??
2 - its a bit dark I must be having a down day!
3 - it feels good to get it out there! and finally
4 - I better go for a ride and lighten up!

Thanks for being so kind about it he he :)

BYE :)

By: ralph.montegue
13/11/2009
10:42 am

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Re:Greed is BAD - Now we suffer! Reply to this message
Good morning. Well! Cannot say I agree with 100% of what you have been kind enough to share with us all below dear firefly_au. However, I must say that I enjoyed the read! Additionally, I would like to add that I for one would be more happy to live in a world of tall ships and steam engines. Afterall, is it not already past the time for us all to consider the merits of a slower and more peaceful life?

By: firefly_au
13/11/2009
8:13 am

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Re:Greed is BAD - Now we suffer! Reply to this message
Hi All :)

Yes the USA and much of the rest of the world are totally dependent on oil to run everything! Only life in the poorest nations at the start of the 21st century will not be changed much by the coming oil shortages. It is only survival and common sense national security issues that would be driving these actions. However the sad thing for the US is that it does not work!

Oil production virtually disappears in any country that they have invaded and for a pipeline to be of any use in Afgh-istan they would need to be buying oil from Russia or other former Soviet republics. That strikes me as a dicey proposition at best for the US.

The US and the rest of the western world need to switch to alternate energy now and find a way to bring back manufacturing to remain in the game at all! Eventually the eastern powers will own it all outright and nations like India and China will be the only remaining superpowers as the US war machine and weapons manufactures are forced to move east to remain viable!

Because the world has changed due to our outsourcing all our labour and industry to the east and the process continues even today with solar panels! Formerly the worlds largest German panel manufacturers are now taking a hit and heavy losses due to cheap eastern imports!

Until recently nations like China were willing to just trade to get the resources they need now however they no longer are and with their very deep pockets are going for ownership and total control. If any nation tries to stop this they are in real trouble and may face military force as the USA super power fades into history. If we are lucky we may be able to form some sort of alliance that we can work with, if not we will be ruthlessly subjugated.

I foresee that we will have to do something to localise all production throughout the world anyway as transportation without oil will become prohibitively expensive and much slower. Back to sailing ships steam engines and such!

By: hdmausguy
13/11/2009
2:58 am

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Re:Greed is BAD - Now we suffer! Reply to this message
670 - How do you know all this? A lot of your blurb is just bias non factual opinion? Give us some reference sources of your information so we can enlighten ourselves further.

By: tigereye670
12/11/2009
10:24 pm

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Re:Greed is BAD - Now we suffer! Reply to this message
for those who blame Obama for his handling of the WFC, usually the uneducated, & conservatives (or Aus Liberals) they conveniently forget that it hit the fan under GWB's watch & because of his policies.

the US budget was almost balanced under Clinton. Established Fact: Bush blew the budget out of the water on armamants & wars over oil.
Fact 2: Bush senior installed Sadam Hussein after using the CIA to create a coup. When Hussein didnt play ball regrding oil all of a sudden his crimes were not tolerated. By invading IRAQ Bush used up costly weapons (paid for by the taxpayer) which made the armament dealers much richer, & oil making oil companies richer.
Same in Afg'n. Bush made a deal with the Taliban to run a pipeline thru, & when teh Taliban changed their minds all of a sudden the US just had to invade for humanitariam reasons... & the simpleminded public just lap it up, or should i say the conservatives & the nationalists who's reasoning barely scratches the surface of any issue but rely on simplistic dogma.

The Bushes & their senior cabinet members r top advisors & owners of oil & armaments companies, as declared by CIA records no less. Its like the fox being in charge of the hen house.

And all teh while all the simpleminded public want to hear is that its in the best interest of their nation. Which of course is a lie, its simply in the best interest of the elite oil barons & war mongers.

Its funny how Bush only invaded oil rich countries. Seems like only they were worthy of invasion....

By: tigereye670
12/11/2009
9:53 pm

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Jay "For those who keep blaming the greedy, the weak (shareholders) are just as much to blame for letting these CEOs get away with these pay rises/bonuses."

wrong! shareholders usually hold little power. They have been voting down pay rises recently but the constitution of the company is usually set up to allow the board to overrule the shareholders.

So much uneducated rubbish on here... amazing....

all this rubbish is diverting the attention aay form the real causes, ie, short-term thinking & laziness....

By: tigereye670
12/11/2009
9:49 pm

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steveb - "USD low, share price activity volatile, gold high, unemployment high, consumer demand low, protectionism rife.."

your comments r unproven, & even in a simplistic level r rubbish. Share prices r always volatile which is its nature; unemployment here is low in comparison, has been steady for months, & the growth rate has increased for 2 straight months; consumer demand is rising; confidence is rising in business & private; & int rates r rising to stem the growth rate to sustainable levels. All opposite to your constant negative tripe.

Scaremongering here is incredible.

Thats not to say things r perfect, far from it, but world didnt end like u guys prophesised & keep trying to create.

The many real issues need to be dealt with rationally & firmly, not cr*p on about impending disaster all the time. The politicians need to be encouraged & supported to take hard decisions that may at the time cost the taxpayer $, but in the long run far more profitiable to us. All too often the voter thinks about short term issues only, just like lazy school kids who dont think about their future & so skip class. Then as uneducated idiots blame the rich for not handing them free $ for drugs n soft living. The tax payer is the same "whats in it 4 me now? I dont care if we invade a country as long as we get their oil. I dont want to pay higher electricity for a few yrs in return for building up long term & eventually cheap environmentally friendly generators, etc".

Of course govt should spend more $ on better roads & infrastructure & be more efficient about it. Thats why govts sell off utilities since they cant sneeze without union permission. So its easier for private consortiums to do the work & take the responsibility. Yes, govt makes many mistakes made by people like u & I. Everyone makes mistakes. Funny how poorer countries seem to have better roads, rail systems, etc. I was in Malaysia recently & their rail & buses r much better, cleaner, & reliable.

By: tigereye670
12/11/2009
9:23 pm

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Re:Greed is BAD - Now we suffer! Reply to this message
The term 'Greed' is subjective & thus not proveable. We need concrete solutions not jingoistic adjectives & scapegotism. There r law breakers at all levels of society. And it often takes 2 to tango. The poor in the US r just as much to blame for the crisis as the lenders who cooked the books to allow the substandard loans to proceed. The young should study when at school not find ways of getting out of work. Those that slack off pay the penalty for their laziness & lack of forsight later in life, as they should. Also, it was the desire of the then govt to put more poor people into homes of their own which helped create the mess. The poor were happy to accept cheap loans despite not doing their research or even checking the contracts they were signing. Yes, they r often illiterate, but their lack of effort at school is their responsibility no one elses. It is the lack of standards in any society which creates much of the world problems. Not blaming rich people, greedy people, etc. Laziness & short term desires are to blame. Look at any problem, & at its root cause will usually be lack of standards & short-term confort at the expense of long-term prosperity. eg, each generation that accepts lower standards breeds kids that in turn accept even lower standards, & so on which is how society crumbles. WE must not let standard fall, in business we strive to continually improve standards, reduce costs, produce better products, create better work envionments, reduce our impact on the environment, etc, etc, etc.

By: tigereye670
12/11/2009
9:02 pm

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Re:Greed is BAD - Now we suffer! Reply to this message
So much bogan rubbish on this forum... WE r ALL responsible for our actions, not just the banks etc. Easy to blame others & just winge i guess. Reality is that everyone is greedy to some degree. A more accurate gripe would be illegal or immoral behaviour which applies to rich AND not rich. We all want to work less & earn more not just the so called rich.
Shareholders have limited power regarding CEO bonuses & r usually overruled by the board. The answer is more power to shareholders & less to board members.

Justice? Financial parasites? More rubbish. The reality is that without financiers most people would NOT have the $ to buy their house. The fincial systems need to be better regulated & enforced so that those the acting outside the law r seriously punished. Being rich isnt a crime & anyone here who thinks so is a hypocrite.

By: ralph.montegue
12/11/2009
4:41 pm

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Re:Greed is BAD - Now we suffer! Reply to this message
It really is depressing to watch!

How is it that those who caused so much trouble and distress are allowed to go unpunished?

By: mentawaisurf
10/11/2009
5:20 pm

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Re:Greed is BAD - Now we suffer! Reply to this message
Let's not forget that "Government Sachs" was rescued by taxpayers just a year ago and then sought refuge under the Fed's wings by 'converting' into a commercial bank (supposedly no longer an investment bank!)

Yet they seem not to understand the public outrage over their $20 billion bonuses for 2009!

So Goldman Sachs CEO Blankfein has gone on a PR junket around the world proclaiming they are performing "God's work". What planet are these people from?

He went on to say that, "We help companies to grow by helping them to raise capital," Blankfein said. "Companies that grow create wealth. This, in turn, allows people to have jobs that create more growth and more wealth. It's a virtuous cycle."

Yet almost all their money is made via proprietary trading which is simply risky market trading which results in volatile profits. They continue to operate like an unregulated hedge fund while gaining all the benefits of a government entity. It smacks of crony capitalism and outright corruption. So when markets tumble again and "Government Sachs" cries out for yet another taxpayer rescue, we will all watch as Wall Street's mighty angel falls back down to earth.

By: stevebwilson1
10/11/2009
12:19 pm

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Re:Greed is BAD - Now we suffer! Reply to this message
Greed got us into this mess in the first place!

Sadly, it now looks as if Greed shall be the primary cause the economic Disaster of which I and increasingly more and more people are now forecasting shall soon ocurr.

Imagine the result of frenzied attempts by thousands of investors seeking to gain back monies lost in early 2009 .. Now look carefully at the facts.

USD low, share price activity volatile, gold high, unemployment high, consumer demand low, protectionism rife..

Indeed! The GREEDY shall be the cause of the Economic Disaster!

By: ang101000
9/11/2009
9:07 pm

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Re:Greed is BAD - Now we suffer! Reply to this message
Hi Menta,

'The chief executive of Goldman Sachs,Lloyd Blankfein, believes banks serve a social purpose and are doing "God's work."

Thanks, due to Goldman's (and other banks) evangelical zeal the world has become poorer.

By: mentawaisurf
9/11/2009
4:46 pm

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Re:Greed is BAD - Now we suffer! Reply to this message
Goldman Sachs boss says banks do "God's work"
Sun Nov 8, 2009

LONDON (Reuters) - The chief executive of Goldman Sachs, which has attracted widespread media attention over the size of its staff bonuses, believes banks serve a social purpose and are doing "God's work."

http://www.reuters.com/article/newsOne/idUSTRE5A71 9520091108


This is the type of hubris that still permeates the corporate culture of many financial institutions. A truly humbling lesson awaits...

By: almurrie1@y7mail.com
9/11/2009
2:22 pm

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Re:Greed is BAD - Now we suffer! Reply to this message
The Russian Czar had a wake up call when the starving millions threw him out. Only problem was he was the only one doing anything of value in the country - building railways and industialising in an unprecedented fashion. Russia would have beaten USA easily had they kept going, but you must look after the little people too. Took them nearly 50 years to get back to what they had nearly achieved!

As long as the little guy thinks that he is better off than otherwise, the Czars will continue to exist. Woe betide the Czars though if there is mass unemployment and starvation, which looks increasingly possible, they won't last 10 minutes. So I don't feel at all sorry for them.
Al

By: jaymarcel
9/11/2009
8:17 am

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Re:Greed is BAD - Now we suffer! Reply to this message
For some strange reason my entries keep being repeated sorry. It is not me being greedy for forum space;)

By: jaymarcel
9/11/2009
8:16 am

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Re:Greed is BAD - Now we suffer! Reply to this message
For some strange reason my entries keep being repeated sorry. It is not me being greedy for forum space;)

By: jaymarcel
9/11/2009
8:15 am

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Re:Greed is BAD - Now we suffer! Reply to this message
For those who keep blaming the greedy, the weak (shareholders) are just as much to blame for letting these CEOs get away with these pay rises/bonuses.
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