| User Info
| Tickerguy w/Max Keiser in forum [Market-Ticker]
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Margincalltime
Posts: 1025
Incept: 2008-04-01
NJ
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Operation Twist didn't start until 1961, not in the 1950s
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Steelhead23
Posts: 2074
Incept: 2008-09-09
Portland OR
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I simply loved the first part of the vid. Of course we should treat the banksters to capital punishment. Shapiro is using a different form of capital punishment, a very small bit of capital has to go to government and BAC can continue to rape, pillage and steal. You know Karl, something has to give. The public, in general, knows they are being squeezed, but they don't understand who is doing the squeezing. I am not steeped enough in marketing, but I suspect that many, many more people check their Facebook page every morning than read the Ticker. If we are capable of changing anything - how can we change that?
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"Give me control of a nation's money and I care not who makes it's laws" —Mayer Amschel Bauer Rothschild Benjamin Bernanke
For-profit commercial banks are a menace and should be eradicated
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Oldpool
Posts: 897
Incept: 2010-06-23
LI NY
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So what happens when the Statute of Limitations expires? What happens to the people who have been reporting on it, when the criminals are immune from prosecution and emboldened by the system?
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Liberty, Comrade!
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End_the_bubbles
Posts: 9599
Incept: 2009-03-25
The New 3rd World
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Good video, but I think you should be careful saying to short FB. Ultimately, I agree it's all "hot air" but I also know the Wall Street crooks are going to create a monster with that thing and it will wipe out MANY a short before it finally pops and heads to what may indeed be ZERO!
I wouldn't count on that happening quickly though. Who knows how they might reinvent themselves once they get this massive capital infusion from the IPO. It will be a dangerous short for a while IMO.
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In the long run even the most despotic governments with all their brutality and cruelty are no match for ideas. Eventually the ideology that has won the support of the majority will prevail and cut the ground from under the tyrant's feet and rise in rebellion to overthrow their masters.
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Abn0rmal
Posts: 9261
Incept: 2009-01-10
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I don't think the idea of buying virtual goods for an online game with real money is going away, at least while the Farmville generation is still around. It's just a different way of paying for entertainment and even in economic depressions spending on entertainment never goes all the way to zero (people still scraped together enough money to buy the occasional movie ticket in the 1930s).
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Mannfm11
Posts: 3617
Incept: 2009-02-28
DFW, Tx
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I agree with karl on FB. It might blow up short term, but it won't go anywhere. Eventually people will get tired of the iphone nonsense, the facebook nonsense and the fad will be gone or they will be onto other things. The same is true of Farmville. I played Farmtown for awhile and got tired of it. Never gave them a dime. Got a trojan horse that took over my computer and tried to extort money out of me to buy their product, thus software to take it out. I guess the oranges rotted on the trees.
Jaime Dimon took lessons from Sandy Weill. The guy should have been stripped of any capacity to operate in a bank due to guilt by association. Weill should be highly skilled at making license plates now instead of living it up somewhere. He paid his bribes well though once he took over Citi. Robert Rubin walked into a fine job after getting rid of Glass-Stegal. Every time I see this guy on TV, I think of the Stacie solution, except instead of a needle, just throw the SOB off one the tall buildings in NYC and make the others watch. The women on CNBS talk about him like they would blow him on the set. I think about a pig rolling in his ****.
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The only function of economic forecasting is to make astrology look respectable.---John Kenneth Galbraith
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Adrenaline_junky
Posts: 1871
Incept: 2007-09-14
Chicago
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Good points until the end, where I think Karl is just wrong about FB.
I've witnessed people paying *HUNDREDS* if not *THOUSANDS* of dollars on these Farmville-style games.
I get that it doesn't make any sense to Karl. It doesn't make sense to me either. Nor does it make sense to me that some people spend all their money on meth amphetamine. But it happens, and it makes drug dealers wealthy. Same with these Farmville-style games: they lure people in to the "free" game, and then some people get addicted and pay through the nose to buy advancement.
And the ridiculous thing is these games are insanely easy to code. They require none of the coding or artistic skill that goes into making a blockbuster PS3 game which "only" costs $50. These games are literally mocked by the game producing community for being so stupidly insipid, yet the joke is really on us since these games make so much money after costing next to nothing to develop.
And I really don't think most people will care about their privacy being infringed by targeted invasive ads. I wish they would care, but I see little evidence to suggest they ever will.
Not that I see FB as a great business going forward. But zero? For the reasons given? No way.
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"If Goldman Sachs is doing God's work, they must be referring to the cruel God of the Old Testament who brought forth plagues, floods, and pestilence." - Me
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Gamma
Posts: 5732
Incept: 2008-01-20
Northern CA
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Always lively with the Maxster!
I dunno about the prospects of FB. People pay for drugs to deaden their senses, and think they are getting value, or, they do it anyway or they do it to be "cool". Perhaps in a future world of few economic prospects, FB and Farmvile and Idleville will be seen as relatively healthy ways to eat up one's time by sitting on one's ass all day and to lower ones' expectations such that a happier existence might be achieved. In other words, there is no value proposition other than occupying one's time with something that probably isn't going to cause much harm. Hell, I have played music for 50 years. Lots of time it's great fun, lots of time it's boring. But I have a hard time seeing how I might break an arm jamming with people. Driving over there? Lifting an amp? Sure.
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This stuff we're going through, this is nothing compared to the Middle Ages.
They told me if I voted for John McCain, an idiot would be a heartbeat away from the presidency. Sure enough...
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I'm on about half-way in.
