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View Diary: Hope And Cave: SEC and CFTC Fold on Regulating "Financial Weapons Of Mass Destruction" (145 comments)

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  •  The goal of the 1% has been, always has been, (5+ / 0-)
    Recommended by:
    nchristine, bobswern, elwior, zaka1, native

    and always will be that our children work for their children for free. And they are implacable about this.

    To today's psychopathic elite, Feudalism gave the serfs too much power, as it was expected the feudal lord would provide them with justice and protection.


    The Internet is just the tail of the Corporate Media dog.

    by Jim P on Fri Apr 20, 2012 at 12:29:45 PM PDT

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    •  But who is the 1%? (2+ / 0-)
      Recommended by:
      native, highacidity

      The wealthy?  They can't create wealth without workers, because there will be no profit.  And they can't grow their money without some kind of ecomony.  I think the 1% has crapped so badly on what has created their wealth in the first place that they no longer see reality.  And the reality is people can't keep buying on credit or buy homes if there are no jobs and no real ecomony.  The 1% has become blinded by their own success and can no longer see how they got to where they are.

      "During times of universal deceit, telling the truth becomes a revolution­ary act. " George Orwell

      by zaka1 on Fri Apr 20, 2012 at 02:24:45 PM PDT

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      •  I restate what their goal is, by referring to (2+ / 0-)
        Recommended by:
        zaka1, native

        the comment to which you replied.

        Quite a few of the upper crust has been discussing, and quite openly, how the ideal would be to have half a billion to two billion people living on earth.

        The absence of credit and jobs and such, that's no problem for them because they are in a position to have whatever number of low-to-no-cost people working for them as it please them. Even if most of us die off.

        Our children, working for their children, for free. Why would our children need credit? Or even to be able to do more than read road signs and make change?


        The Internet is just the tail of the Corporate Media dog.

        by Jim P on Fri Apr 20, 2012 at 02:50:49 PM PDT

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        •  I guess (4+ / 0-)
          Recommended by:
          Just Bob, Jim P, WisePiper, highacidity

          my point is assuming that while the 1% may have this plan who is to say that the majority of the population will quietly go along with it.  Even in the Warsaw ghetto where people had everything taken away from them and they were being exterminated there were those who fought back even if they knew they were fighting a losing battle.  In Russia when the Czar ignored the thousands of people starving and while they lived in wealth the masses organized and fought back.  In France when the Marie Antoinette and Louis the XVI ignored the wealth gap the starving masses refused to be ignored and it didn't turn out for them very well either.  Millions have already died in history and still here we are fighting the same battles again and it is never a good time historically.  But, some of these historical periods gave way to new ways of governing (some really bad and some good) such as constitutional monarchies and democratic governments and perhaps something new will develop from all this turmoil.  But, people always go through hell first, I'm just sorry to be one of those people going through the dark ages before enlightenment comes back.

          It always looks easy on paper for the elites or 1%, but human history tells a different story.  All may look good right now on the surface, but it can't last.  Because people that are already here are not going to just lie down and die for the 1%.  Their power is always weaken by the 99%.  We are just in one of those dark times, but it will change, it always does.

          "During times of universal deceit, telling the truth becomes a revolution­ary act. " George Orwell

          by zaka1 on Fri Apr 20, 2012 at 03:37:22 PM PDT

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      •  "Success" (2+ / 0-)
        Recommended by:
        zaka1, native

        Being a subjective term. They have been successful in corrupting government to give them tax breaks and screw workers and the environment.

        Have they been successful at creating general prosperity? No. Have they been successful in creating greater growth than during the period of higher taxes and regulation? No.

        •  And that lack (1+ / 0-)
          Recommended by:
          highacidity

          of growth is what will kill the goose.  Look at Greece, they can barely hold back the masses of angry people and what are they going to do hide in their building away from the outside world because it is no longer safe for them to be anywhere in public?  How long will they be able to pay for protection?  Then they will have to rely on loyalty and who is going to be loyal to them without income.  

          I agreed with you, but right now the bankers and the 1% have killed growth in the majority of the world, and without growth especially for the population left out of the ecomony and no way to support themselves turmoil develops (the anxiety and fear of the 99% does and will boil over) and this happens over and over again.  Right now we are at the tipping point.  The elite and 1% are into it for not only the money, but the excitement as well, and it is growing economies that produce that wealth and excitement, but they have almost killed it.  The whole point is with 99% of the population struggling the world will not give them the excitement they seek and what good is a world where the majority of the population is against you.  

          They may have everything, but without a growing world no fruit will be produced on the trees to replenish their needs.

          "During times of universal deceit, telling the truth becomes a revolution­ary act. " George Orwell

          by zaka1 on Fri Apr 20, 2012 at 03:54:36 PM PDT

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