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View Diary: Ryan Plan = Bain Plan = Steal Pensions = Steal Medicare and Social Security (6 comments)

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  •  Whether planned or just dumb profit sniffing (0+ / 0-)

    it works the same way... short cut to grab money... I do think that plenty at the top are quite aware of the long game... it is almost totally predictable... the wealthiest ride the peaks and troughs of boom and bust with fore knowledge and even some control of the frequency and amplitude of the cycles... and game it all by playing whatever side of the market changes is ripe for the most value extraction.

    BUT the whole economic quail ranch, shooting fish in a barrel con was really hampered by FDR and the new deal... In a way the take the money and run crowd just got too numerous and spoiled the rigged Casino game the very rich were running... took it to the natural extreme that the market rigging already embodied to the implosion point. While the smartest already were cashed out and the latecomers to the pyramid were left holding the bag... the big problem was that far too many were "playing" and the collapse dragged most of the country down.

    But really rich do play a long game and this time around they had to whittle and gnaw away at the New Deal protections and restrictions. And it was easy. There were rewards for each new bubble and convenient self serving lies about what was to blame when things went wrong. So those who just get pointed in the direction of quick money are part of the push for longer term dismantling of the restraints on full scale Oligarchical confiscation and liquidation of most of everyone's net worth, potential earnings, pensions etc.

    There are impediments in the direct path of the Jr. looters and they just see them as evil and do not see the longer bigger picture at all. They have an economic belief set that explains things simply and they focus on their rightful maximal looting and removing whatever supposedly hampers them. The Think tank mantras and buzz concepts fuel their outrage at being slightly hampered in there quest and the efforts of this myopic middle echelon of looters help the long game super rich get closer to the promised land... but as always the con is pretty much to suck blood for as long as possible without the host really noticing what is going on... and the enabler vampires don't fully understand it either... they believe the notions that what they are doing is GOOD for the host... those who know better do not care and just wait... and the rabble of the looting class either end up richer or get squashed by their brethren or the lords of the 1%... and naturally blame it on poor people or the government...

    Some processes do not require Illuminati or some other imaginary CT group of Billionaires manipulating everything. Greed is all that is needed at each step in a cycle to destroy the next impediment to maximum profit which sets up the next step. The smarter ones just know how to be ready and see the rises and falls coming... and they are like surfers... and get carried along better than others.. but unlike surfers they can manipulate when the wave crests and how and when it breaks... and be ready... while having better surfboards... And like a kid in a bathtub or a swimming pool make the peaks and crests more extreme for their own benefit.

    Mitt Romney is one of the lesser, dimmer looters who buys into "Creative destruction" as a positive thing (because it works so well for him) These knowing and unknowing profiteers are the opposite of those who try to dampen down extremes since the extremes are what destroy lives and livelihoods.... and keep the economy healthy and on an even keel... too boring for billionaires.

    Pogo & Murphy's Law, every time. Also "Trust but verify" - St. Ronnie (hah...)

    by IreGyre on Fri Aug 17, 2012 at 08:50:41 AM PDT

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