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Somnolent ordinary people immersed in their petty little lives they think are so important will probably think that it may be reasonable to argue, there is reason in arguments and it is guided by reason when argument is never based on genuine reason, is without understanding and argument is always driven by force to attack the other person and defend your position that is based on false harmful self identity views, according to plans that are stereotyped in you and differ from others. For instance some argue softly, gently whilst others argue with a loud domineering style. The false logic or thread of reasoning is also fixed and rehashed each time the person argues.
For any issue at hand, it suffices you state your stance and provide reasons for your stance if necessary without any accompanying emotion or inferred deprecation of the other’s differing view. If the other person understood and he still differs in view then there is no meeting of minds and nothing further to do except to part ways. If the other person did not understand your stance then it is mad to argue with someone who does not understand your view and the reasons behind your views.
People have many views or stances that they identify with, are proud of and therefore will be driven to defend and arguments are little more than verbal fights that often end in fisticuffs in which the person uses force based on rehashed plans regarding the subject of argument in which to defend his stance and attack the other in his differing stance.
ARGUMENTS ARE DRIVEN BY FORCE BASED ON PLANS AND EACH PERSON ARGUES IN A DIFFERING STEREOTYPED WAY. THE PURPOSE OF ARGUMENT IS TO DEFEND ONE’S STANCES THAT ONE IS ATTACHED TO BY SELF IDENTITY VIEWS AND TO ATTACK OR DEPRECATE THE OTHER PERSON, TO MAKE HIM SUBMIT TO YOU. IF YOU THINK THAT THERE IS GENUINE REASON IN ARGUMENTS, THERE IS JUSTIFICATION IN ARGUING, YOU ARE THE MAN WHO THINKS THAT IT IS JUSTIFIED TO FIGHT AND THAT IS NEVER THE PATH TO HEAVEN BUT EVEN ANOTHER ETERNITY WEEPING AND GNASHING YOUR TEETH.
THERE ARE NEVER FRIENDLY ARGUMENTS, ALL ARGUMENTS ARE EVIL AND IF YOU THINK YOUR ARGUING HAS NO MALICE, IS BASED ON GOODWILL, YOU ARE DELUDED.
OFTEN PEOPLE DO EVEN REALIZE THEY ARE ARGUING, REFLECTING THEY ARE FOOLS WHO DO NOT KNOW WHAT THEY ARE DOING.
So, Hilary, how do you fancy being the next secretary of state:
This is an Independent headline and it is improper language apart from being false because the person who asked the question already knows the answer or presumes he knows the answer that he thinks is “Yes, I will be thrilled”.
The proper way to ask the answer, assuming you wished to know the answer, you have not already presumed the answer, is this: “Hilary, do you want to be the next secretary of state”?
If you asked, do you like to be the secretary of state, you are talking about meaningless force, the attractive stirring of Hilary’s mental force about the prospect of being secretary of state.
AS PHRASED, THE QUESTION IS DISINGENOUS, IT IS DESIGNED TO BE MISCHIEVOUS THAT IS DEADLY, NOT HARMLESS OR FUN, IT IS PRESUMPTUOUS AS IF HILARY WOULD ‘JUMP AT THE OPPORTUNITY’ AND SAY ‘YES, YES, YES!’. I WOULD NOT WANT TO BE SEC OF STATE BECAUSE THE KARMIC BURDEN IS HORRENDOUS.
‘FANCY’ IS LIKE OR THE ATTRACTIVE STIRRING OF MENTAL FORCE SO HE IS ASKING IF HILARY’S MENTAL FORCE IS STIRRED ATTRACTIVELY BY THE PROSPECT THAT HAS NOTHING TO DO WITH REASON BUT ALL ABOUT BLIND FORCE.
Why it is false:
When you ask someone if she fancies being secretary of state, you must be in the position to do so and the writer is never in the position to make Hilary secretary of state.
THE REALITY OF THE SITUATION IS THAT THERE ARE RUMORS THAT HILARY WILL BE OFFERED THE POST AND IT IS FAR FETCHED TO TWIST THE SITUATION SUCH THAT YOU ASK HER IF SHE FANCIED THE POST.
IF YOU ARE IN NO POSITION TO OFFER HER THE POST, YOU ARE ALSO NOT ADDRESSING HER PERSONALLY OR DIRECTLY, DON’T YOU THINK YOU ARE ENGAGE IN FALSITY OR FRIVOLITY BY POSING THE QUESTION TO HER?
You don’t need to do this:
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If you are in doubt as to whether it is necessary to raise your hands when you speak, you are not sure if it adds more meaning or you are attracted by such raised hands (it looks better to you) then you are a person who does not know what he sees or you have false perception that what is meaningless or for show, waving of hands when speaking, is meaningful that will end in mad perception for you.
BECAUSE WHAT BUSH IS DOING, RAISING HIS HANDS WHEN SPEAKING IS UNNECESSARY, MEANINGLESS, THERE IS NO PRODUCTIVE NEED FOR RAISING HIS HANDS, HE IS PRACTICING CONTROLLED INSANITY THAT HE AND YOU DO NOT BELIEVE AND CANNOT SEE WITH END IN UNCONTROLLABLE INSANITY OR DOING THINGS THAT ARE MEANINGLESS EVEN TO VIOLENT EXTREME.
Mailing yourself out of jail in box:
Headline: German inmate mails himself out of jail in a box.
The story is not presented because it is meaningful or for any genuine reason but because the presenter is attracted to the story by its deceptiveness and absurdness and the intention is to stir the readers’ humour or emotion to laugh at it.
It is not very clever to mail yourself out of jail in a box because he will receive divine punishment that is far more severe for the deceptiveness in cheating his way out of jail apart from whatever trouble he caused others and those who think it is great, who finds it funny or enjoys what this man has done will also head for suffering for being a pervert.
If you are pervert in finding what is deceptive and sinful is pleasurable, stirs laughter in you, you cannot go to heaven which means another eternity of weeping and gnashing your teeth.
Deadly:
Even if there are no bullets or they are faked bullets and it is just for a show you are acting, pointing a gun menacingly like this is deadly for the person because it is an act according to a plan of how to do so that is registered in his mind and each time he does so, no matter if it is for show for a film, he is conditioning himself with increasing force to repeat in the future that will end in insanity, he has a violent urge to pull the trigger on someone or himself.
IT IS NEVER HARMLESS TO HOLD LET ALONE POINT A GUN, IF YOU HAVE A FASCINATION (LIKE) FOR FIREARMS, THERE IS A VIOLENT DESTRUCTIVE STREAK IN YOU AND EACH TIME YOU HOLD OR POINT A GUN, YOU ARE CONDITIONING YOURSELF WITH GREAT URGE TO KEEP DOING SO THAT WILL END IN LOSS OF CONTROL AND HOMICIDAL VIOLENCE.
Game on:
Game on is a stylish even arrogant way of saying “continue playing the game” and there is no reason for a person to consistently prefer to say it in preference to other ways of saying it except that it is rehashed and he is a robot and he likes it, he likes speaking in this way and that is not a reason but an attractive stirring of his mental force that has nothing to do with reason.
Drop dead:
“Drop dead” is a nasty, mad way of saying ‘no’ or refusing someone.
Why should someone ‘drop dead’ or fall down dead just because you do not agree with him? If it is impossible for him to drop dead and there is no reason to do so, you are practicing controlled insanity because you like the sound of it, the curtness that will end in uncontrolled insanity for you.
The fact that publications and refutable websites allow their publications (but shun ‘four lettered words’) shows their unwitting condoning of nasty language.
I can’t breathe:
You hear people say that they can’t breathe and most people do not realize what is said is not true but false. They have difficulty breathing, not they can’t breathe and so what they say is false.
Emotional people who do not have a history of asthma can complain about ‘I cannot breathe’ suddenly as emotions well up strongly in them obstructing their breathing and it has nothing to do with a physical abnormality but their mental forces erratically rising seriously in strength as to choke their breathing.
THEY HAVE DIFFICULTY BREATHING, NOT THEY CAN’T BREATHE AS THEY COMPLAIN BUT A TIME WILL COME WHEN THEY TRULY CANNOT BREATHE, WHEN THEIR MENTAL FORCES WILL STRANGLE THEM LIKE A PYTHON AND KILL THEM.
INTENSE EMOTION CAN TAKE AWAY THE BREATH OF SOME PEOPLE AND WITH LIFELONG RECURRENT BOUTS OF RISING INTENSE EMOTION TAKING THEIR BREATH AWAY, IT BECOMES ERRATIC, ARISING INAPPROPRIATELY OUT OF THE BLUE TO TAKE THEIR BREATH AWAY EVEN IN SEEMINGLY INNOCUOUS SITUATIONS AND THIS IS NOT HARMLESS BUT A HARBINGER OF FUTURE TOTAL TRULY CANNOT BREATH.
“So long Condi”
People understand this to mean saying goodbye with fondness (liking tinged with sadness) that may be real or faked but it is false.
So long means what it says, ‘this long’ or ‘thus long’ it does not mean fond goodbye or goodbye except in the false perception of that person uttering and those who hear and hear nothing wrong.
THE PROPER WAY TO SAY IT IS ‘GOODBYE CONDOLEEZA’ NOT ‘SO LONG CONDI’ WHICH IS MEANINGLESS OR NONSENSE, DOES NOT MAKE SENSE.
California bushfires:
California is again besieged by bushfires that have destroyed many homes and it may be a harbinger of things to come when many places like Australia, the Mediterranean will go up in flames as a result of drought and higher global temperatures.
THINGS CHANGE, THE EARTH TOO IS CHANGING IN A WAY THAT MAY DOOM MANKIND, HE DOES NOT REALIZE THAT THE EARTH IS TOTTERING TOWARDS INSTABILITY AND A TIME MAY COME SO WHEN EVERYTHING WILL BECOME HELTER SKELTER, THE RISING GLOBAL TEMPERATURE WILL MAKE FORESTS COMBUSTIBLE THAT WILL ADD MORE HEAT TO THE ATMOSPHERE MAKING FORESTS EVEN MORE COMBUSTIBLE.
I’m afraid this is definitely not the time for prudence:
This is the comment of a columnist at a British paper.
If he is not afraid, it is just a style of speech then he is a man who speaks falsely or lies and what he says is not worth the paper it is written.
If he is genuinely afraid, it is irrational, insane to be afraid that is about the stirring up of his mental force to be fearful that is inimical to calm clear thinking that is required to respond appropriately to the economic crisis.
Prudence or carefulness is to be advised at all times in all affairs, at no time should one be imprudent and so in advocating imprudence at a time of an economic crisis (desperate times require desperate measures is the fool’s logic), he is deluded, have wrong view giving wrong advice that has serious karmic implications for him.
UNLESS YOU WANT FUTURE SUFFERING, YOU NEVER RECOMMEND IMPRUDENCE WHATEVER THE CIRCUMSTANCES. YOU MUST ALWAYS BE PRUDENT OR CAREFUL FOR YOUR OWN WELLBEING.
TO SPEAK OF YOU BEING AFRAID IS EITHER PRETENTIOUS (HE IS NOT ACTUALLY AFRAID) OR ABSURD, WHY SHOULD HIS FEAR BE RAISED IN THE MATTER AT HAND, OF WHAT USE IS IT TO RAISE FEAR THAT ACTUALLY DETRACTS FROM CALM CLEAR THINKING THAT IS NECESSARY TO FIND A SOLUTION?
“I AM AFRAID” IS USUALLY A MEANINGLESS STYLE OF SPEECH, IT IS NOT TO EXPRESS TRUE FEAR BUT IS CONDESCENDING. WHAT THE FOOL DOES NOT REALIZE IS THAT BY FREQUENTLY FRIVOLOUSLY TALKING ABOUT FEAR HE IS CONDITIONING HIMSELF EVER SO INCREASINGLY SO THAT IRRATIONAL INTENSE FEAR WILL CONSUME HIM IN THE FUTURE AND HE HAS KARMA FOR REGULARLY UNNECESSARILY ASKING OTHERS TO ENTERTAIN FEAR.
Borrowing short term to lend long term:
It was not subprime loans to people who could not afford that caused Britain’s Northern Rock to collapse but it was their foolhardy practice of borrowing short term from the global money markets to lend long term to house buyers.
When short term money was plentiful and constantly being renewed, it was a source of cheap finance but when short term lenders became fearful, then Northern Rock was in a jam because they have to return money they borrowed short term but had committed to long term loans and they could not access fresh short term loans to repay short term loans that have come due.
Only long term money should be used to lend long term and to use short term money repetitively to lend long term is cheating so that more long term loans are made than what the markets can sustain and it is a form of the economy living beyond its means.
IN MANY WAYS THE ECONOMIES OF THE WORLD WERE LIVING BEYOND THEIR MEANS, SPENDING MONEY BORROWED FROM CREDIT CARDS TOO IS LIVING BEYOND YOUR MEANS, HIRE PURCHASE AND MORTGAGES TOO ARE LIVING BEYOND YOUR MEANS AND SO IS THE PRACTICE OF OUTSOURCING YOUR PRODUCTION TO CHEAP THIRD WORLD COUNTRIES WHO BECOME SLAVES WHO FINANCE YOUR LAVISH LIFESTYLES THAT WOULD NOT BE POSSIBLE WITHOUT SUCH CHEAP FOREIGN WORKERS.
THE PRACTICE OF ALLOWING AMERICA TO PAY FOR GOODS WITH MONEY THAT IT PRINTS TOO IS FOOLHARDY BECAUSE IT ALLOWS AMERICA TO FINANCE ITS PURCHASES BY INTRINSICALLY WORTHLESS PIECES OF PAPER.
Oil prices have risen:
Quote: Oil prices have risen after surprisingly good US industrial output figures and warnings of cold weather.
Oil can never rise in price in response to surprisingly good industrial output figures and warnings of cold weather but it is the traders who sense the opportunity for profit or loss who bid prices up and down, scanning developments everywhere like the cockcroach’s antenna are constantly sampling the air for food and danger.
In the past the band of traders who are in the oil market were all those in the oil business but with deregulation at the behest of greedy American investment banks Goldman Sachs and Morgan Stanley, anyone including powerful hedge funds fortified by margin trading financed by borrowed money together with an armada of ‘small-timers’ are actively plying the oil market and these can create serious momentum to push up or drive down prices to extreme levels that would not be possible in their absence.
OIL NEVER RAISES ITS PRICE BY ITSELF AND IT IS PEOPLE, TRADERS WHO DO SO AND THEY ARE THE ONES WHO ARE LIKE COCKCROACHES WHOSE ANTENNA ARE CONSTANTLY SAMPLING THE AIR FOR OPPORTUNITY AND DANGER. IN THE PAST ONLY THOSE WHO NEED OIL ARE ALLOWED UNLIMITED PURCHASES BUT WITH DE-REGULATION THERE IS A SUBSTANTIAL PRESENCE OF SPECULATORS WHO HAVE FURTHER SUBVERTED THE SYSTEM BY SETTING UP ELECTRONIC TRADING CENTERS IN LONDON OUT OF SUPERVISION OF AUTHORITIES. THE BIG COMMERCIAL (NOT INVESTMENT) BANKS THEMSELVES ARE APPARENTLY ACTIVE IN THE OIL MARKET TRYING TO PROFIT FROM OIL PRICE GYRATIONS AND IT IS GAMBLING WITH DEPOSITORS (NOT SHAREHOLDERS) MONEY AND THIS IS CRIMINAL, BANKS USING DEPOSITORS MONEY TO BET ON THE OIL MARKETS FOR FAT PROFITS.
Banks betting with depositors’ money:
If I remember correctly major commercial (not investment) banks have big trading desks trading commodities like oil because it is where the money is.
Whose money is it that these banks are using to trade?
Is it shareholders’ money or is it depositors’ money?
And if they make fabulous profits by driving up oil prices to stratospheric levels such that the economy ‘tanks’ because of high oil prices resulting in havoc, companies and individuals become insolvent so that these banks’ loans become non performing such that the banks themselves going bankrupt, who is to blame for this folly?
Bankers use depositors money to gamble (they can also lose massively) on the commodity and share markets cause oil prices to rise so high it kills the economy that in turn kills the banks with non performing loans. These bankers don’t care very much so long as they earn fat bonuses and a share of the trading profits (but not losses).
Heads I win, tails you lose:
All these hedge funds (and mutual fund) managers work on the principle that heads they win, tails you lose because they get a percentage (?2% management fee) and whatever profits they make, they get a 20% cut without putting any money or risk.
Thus is it any surprise if they are so gung ho or cavalier with their investment decisions?
Wealthy individuals (and pension and municipal funds) are only too eager to deposit their money with these investment gurus because they have faith in their money making prowess not realizing these hedge managers can also wipe you out.
This is a recipe for potential disaster because when hedge funds start to make and announce big losses, frightened investors pull out their money or the rug from under the feet of these ‘masters of the universe’ hedge fund managers.
For you to win someone must lose:
This is right view: For you to win, someone somewhere must lose because money does not rise out of thin air but from someone or something else (eg animals, the great earth) and so all winning or profiting comes with debts, karma to be repaid in pain far more severe and prolonged than you ever dreamt possible.
There is relatively righteous profit earned through sweat or hard work and there is profit gained un-righteously by speculating or gambling in which you make your money or borrowed money do the work making more money for you.
Even if you became a timber or oil tycoon or a wealthy farmer, your winning is at the expenses of trees (that according to the Buddha has spirits residing in them) or animals (cattle, sheep), the oil is stolen from the earth and affects it.
IT IS WRONG VIEW TO THINK THAT HEDGE FUNDS WINNINGS (SHORTSELLING, DRIVING UP COMMODITY PRICES) IS NOT AT THE EXPENSE OF OTHERS, DO NOT HARM OTHERS BUT THE MONEY EG SOROS MADE BECAUSE OF HIS BETS ON THE BRITISH POUND CAME FROM LOSSES BY THE UK GOVERNMENT AND THEREFORE ITS CITIZENS AND THUS SOROS WAS STEALING MONEY FROM THE UK CITIZENS WHO ARE THEMSELVES NOT INNOCENT, THE BRITISH TOO HAVE STOLEN MUCH FROM ITS COLONIES.
MONEY NEVER COMES FROM THIN AIR BUT MONEY COMES FROM SOMEONE, SOME ANIMAL OR TREE OR THE EARTH AND SO ALL GAINS ARE AT THE EXPENSE OF OTHERS AND THERE IS DEBT ACCRUED. THE MORE WEALTHY YOU ARE THE MORE YOU DEPRIVE OTHERS.
Thus if property prices rise and you gained capital appreciation, don’t get too excited because there will be payback later, it will drive inflation as others strive to make more money to buy your house that now costs 40% more than it used to.
Someone must pay more money for your house:
In order for you to sell your house at a much higher price, someone has to pay much more money than he previously had to, to buy it and so the money you gained selling your house for profit comes at his expense, he has to work harder to make more money to buy that house that used to cost 40% less and this exerts inflationary pressures for salaries and prices to rise and so it is an endless mindless game of catching up in prices that will end in disaster, all for the sake of you making a profit out of selling your house.
YOU DON’T CARE, SO LONG AS YOU POCKETED THE EXTRA MONEY THAT YOU CAN USE TO BUY MORE THINGS YOU ARE ON TOP OF THE WORLD, BUT LIKE A BOOMERANG, SOONER OR LATER THE EVIL FRUITS WILL COME BACK TO HAUNT YOU ONE WAY OR ANOTHER.
Confidence is about force not reason:
When you speak of confidence, when you are confident or do or say something confidently it is all a matter of force, stirring up force according to a plan that is characteristic in you but differs from others and if you think confidence has anything to do with reason, is meaningful and understandable, you may be a man with muddled thinking who does not know the nature of confidence.
When people say or do something confidently it is because what he said or did is rehearsed, well practiced in the past and he is supplying great force to activate that well memorized vocal or bodily sequence.
Being confident is about being aggressive or assertive or forceful in an attitude of your mind at a particular moment so that this confident frame of mind is reflected in the confident way you carry yourself, say or do things out of that confident or forceful state of mind.
THERE IS NOTHING CONFIDENT OR NOT CONFIDENT ABOUT TRUTH OR WHAT IS TRUE. WHEN YOU SPEAK ABOUT CONFIDENCE YOU ARE SPEAKING ABOUT FORCEFULNESS, ABOUT THE UNWAVERING FORCE YOU ADD TO WHATEVER YOU SAY OR DO THAT IS USUALLY IF NOT ALWAYS WELL MEMORIZED, WELL REHASHED MANY TIMES THAT EMANANTES OUT OF A CONFIDENT FRAME OF MIND THAT IS ABOUT FORCE STEELING YOUR MIND AND DRIVING IT FORWARD AGAINST OBSTACLES.
CONFIDENCE IS ABOUT FORCEFULNESS, FORCEFULNESS ACCORDING TO A PLAN AND THERE IS NOTHING MEANINGFUL OR TO BE UNDERSTOOD IN CONFIDENCE AND THE FACT THAT EMOTIONAL PEOPLE ADULATE CONFIDENCE, THEY RECOMMEND YOU LEARN TO SPEAK AND DO THINGS WITH CONFIDENCE REFLECTS THEY ARE DELUDED, THEY PERCEIVE CONFIDENCE AS SOMETHING MEANINGFUL WHEN IT IS ALL ABOUT FORCE, CREATES STRESS AND IS MEANINGLESS OR MAD.
Confidence is for show:
Even though they do not know the exact nature of this ‘confidence’ they keep referring to as desirable and good, they know the manifestations of confidence and how to emulate confidence themselves.
Confidence is all for show, to be seen and it is how you carry yourself, speak and talk in a way that will make others impressed with you and even if they are not aware what is confidence, all goats know how to inject force into what they pose, speak or do so that they sound or appear competent, authoritative and desirable.
BECAUSE CONFIDENCE IS FOR SHOW, TO BE SEEN, IT IS FALSE, A FORM OF DECEPTION (THERE ARE MANY WHO MAY APPEAR CONFIDENT BUT ARE VERY INSECURE INSIDE), A PAINFUL UNREALISTIC FACADE OR IMAGE TO BE MAINTAINED THAT WILL END IN TRAGEDY OF WHICH A NERVOUS BREAKDOWN OR TOTAL LOSS OF CONFIDENCE IS ONE MANIFESTATION.
How to be confident:
Just keep practicing what you want to pose, say or do that is desirable and that means memorizing the added force and substance of what you want to do or say so that it becomes very slick, very fortified with force and you become confident. But no matter how confident you may present yourself, it is stressful, mind bending, deep down you know it is all bullshit and you are headed for agony.
PRACTICE MAKES PERFECT AND SO IF YOU WANT TO APPEAR CONFIDENT, YOU MUST BE A ROTE PERSON OR ROBOT WHO HAS OBSESSIVELY RECORDED WHAT BEHAVIOR YOU THINK IS DESIRABLE INTO YOUR MENTAL JUKEBOX SUCH THAT YOU CAN REEL IT OUT WITH CONFIDENCE FORTIFIED BY MUCH ADDED FORCE OR AGGRESSIVENESS.
The confidence trickster:
What the confidence trickster says is false, it is about fraud and the matter can be even nonsensical, ridiculous and yet he is able to sell what he says to the gullible.
What is the recipe for his success?
It is to memorize well what he wants to say to you, practice what he wants to say many times until it is second nature and to say it with as much unwavering force as he can muster to act as if he is confident of what he says and therefore it is true and you should trust him.
THUS THE ESSENCE OF A CONFIDENCE TRICKSTER’S ART IS REPRODUCTION FROM MEMORY IN WHICH HE SUPPLIES STRONG UNWAVERING FORCE THAT BROOKS NO RESISTANCE FROM HIS CONSCIENCE OR OTHERS.
THUS CONFIDENCE IS ALL ABOUT FORCE, ABOUT REHEARSED OR REGURGITATED PRODUCTION OF WHAT YOU PLANNED BEFORE YOU WANT TO SAY OR DO POWERED BY FORCE THAT BROOKS NO RESISTANCE BY SELF (CONSCIENCE) OR OTHERS.
What Volcker is saying is there is a systemic failure of free markets contrary to Bush who said the turmoil does not mean the failure of free markets.
Volcker issues dire warning on slump
Paul Volcker, the former chairman of the US Federal Reserve, has warned that the economic slump has begun to metastasise after a shocking collapse in output over the past two months, threatening to overwhelm the incoming Obama administration as it struggles to restore confidence.
By Ambrose Evans-Pritchard
Last Updated: 10:39PM GMT 17 Nov 2008
"What this crisis reveals is a broken financial system like no other in my lifetime," he told a conference at Lombard Street Research in London.
"Normal monetary policy is not able to get money flowing. The trouble is that, even with all this [government] protection, the market is not moving again. The only other time we have seen the US economy drop as suddenly as this was when the Carter administration imposed credit controls, which was artificial."
His comments come as the blizzard of dire data in the US continues to crush spirits. The Empire State index of manufacturing dropped to minus 24.6 in October, the lowest ever recorded. Paul Ashworth, US economist at Capital Economics, said business spending was now going into "meltdown", compounding the collapse in consumer spending that is already under way.
Mr Volcker, an adviser to President-Elect Barack Obama and a short-list candidate for Treasury Secretary, warned that it is already too late to avoid a severe downturn even if the credit markets stabilise over coming months. "I don't think anybody thinks we're going to get through this recession in a hurry," he said.
He advised Mr Obama to tread a fine line, embarking on bold action with a "compelling economic logic" rather than scattering fiscal stimulus or resorting to a wholesale bail-out of Detroit. "He can't just throw money at the auto industry."
Mr Volcker is a towering figure in the US, praised for taming the great inflation of the late 1970s with unpopular monetary rigour. He is no friend of Alan Greenspan, who replaced him at the Fed and presided over credit excess that pushed private debt to 300pc of GDP.
"There has been leveraging in the economy beyond imagination, and nobody was saying we need to do something," he said. "There are cycles in human nature and it is up to regulators to moderate these excesses. Alan was not a big regulator."
Even so, he said the arch-culprit was the bonus system that allowed bankers to draw forward "tremendous rewards" before the disastrous consequences of their actions became clear, as well as the new means of credit alchemy that let them slice and dice mortgage debt into packages that disguised risk.
Why people get conned:
People get fooled because they have serious false perception and logic.
Emotional liking and disliking people PERCEIVE that something said with such confidence must be true but that is false perception. They REASON that something said with such confidence must be true when it is false logic.
WHATEVER IS SAID WITH GREAT CONFIDENCE IS REHASHED, REHEARSED AND REHASHED MANY TIMES AND WHATEVER IS REHASHED IS NEVER GENUINE BUT INTENDED WITH MOTIVE THAT IS UNSAVOURY.
CONFIDENCE IS ALL ABOUT THE USE OF FORCE TO SAY SOMETHING WITH GREAT FORCEFUL CONVICTION AND BECAUSE FORCE IS BLIND, HARMFUL AND MEANINGLESS, SOMETHING SAID WITH FORCE IS FALSE, NEVER TRUE.
THUS WHERE FOOLISH ORDINARY PEOPLE GET TAKEN IN THAT SOMETHING SAID WITH GREAT CONFIDENCE IS LIKELY IF NOT CERTAIN TO BE TRUE (BECAUSE HE HAS ADVANCED FALSE PERCEPTION AND LOGIC), THE WISE PERSON SEES AND KNOWS THAT SOMETHING SAID CONFIDENTLY IS ALWAYS FALSE, BACK BY FALSE BLIND FORCE AND REHASHED PRE-REHEARSED SO OFTEN IT IS NOW SLICK AND SO HE IS NOT WARY BUT HE SEES AND KNOWS WHAT IS SAID IS FALSE AND THERE MUST BE MOTIVE.
Attracted to with nothing to understand:
No one has reason to understand what is going on in this picture but they are foolishly attracted to (or repulsed as the case may be) to what is on view and this attraction and repulsion has nothing to do with understanding but it is just an attractive or repulsive stirring of their mental forces at the sight of the picture.
There is nothing to understand in the picture, their facial muscles are not doing any useful work but they are put to work in a rehashed way as they have done so many times in the past which is why their smiles are so slick in which they are just robots often rendering it automatically without selection but applying force.
BECAUSE THEIR SMILES ARE MEANINGLESS, ONLY MEANT FOR SHOW TO BE SEEN TO IMPRESS OTHERS THEY ARE BOTH PRACTICING WHAT IS SILLY OR MEANINGLESS THAT WILL END IN MADNESS AND THE FACT THAT THEY AND OTHERS PERCEIVE IT IS MEANINGFUL REFLECTS ADVANCED FALSE PERCEPTION THAT WILL END IN MAD PERCEPTION.
FURTHERMORE, THEIR SMILES ARE NEVER FRESHLY COMPOSED SPECIFIC FOR THE OCCASION BUT MINDLESSLY REHASHED AND SO THEY ARE ROBOTS WHO ARE HEADED FOR MAD ROBOTIC BEHAVIOR WHEN THEY BECOME SEIZED TO DO OR SAY THINGS WITHOUT THEIR CONTROL AND THAT IS MAD.
BECAUSE THEY ARE PROLONGING THEIR SMILES FOR IT TO BE SEEN, THEY ARE USING FORCE TO PROLONG THAT LEADS TO SADNESS THENCE DEPRESSION.
BECAUSE THERE IS EVEN VIOLENT ACCELERATION IN SPEED AND STRENGTH OF THEIR SMILES SHIELDED FROM THEIR CONSCIOUSNESS BY THEIR FORCES OF SELF PRESERVATION THEY MUST BE VULNERABLE TO HURT WHEN THERE IS FAILURE OF SHIELDING BY THEIR FORCES OF SELF PRESERVATION.
BOTH ARE SPORTING SMILES ONLY TO IMPRESS NOT PLEASE. DISCERNING PEOPLE CAN TELL A SMILE TO PLEASE (RELUCTANT, SHEEPISH) AND A SMILE TO IMPRESS (GORGEOUS).
Look at their eyes and they are actually in a daze in a private world of their own. To the foolish they may appear present but they are in a daze created by their smiles and they are lost, remote even though they are physically present.
A smile to please:
In contrast to the previous smile that was intended to impress, this is a forced smile to please others, the person feels it is expected of her to smile.
Because it is forced, to please it is never genuine and a form of lying with your face.
BECAUSE SHE IS FORCING HERSELF AT GREAT DISTRESS AND DISTURBANCE OF HER MIND TO SMILE TO PLEASE OTHERS, SHE IS PRACTICING CONTROLLED INSANITY THAT IS USUALLY SO WELL DENIED THE PERSON PERCEIVES SHE IS GOOD DOING SO, WHAT SHE DOES IS MEANINGFUL AND THAT MAKES THE AGONY EVEN WORSE BECAUSE YOU CANNOT SEE THE SOURCE OF YOUR WOES BUT EVEN THINK IT IS GOOD AND MEANINGFUL.
Credit card debts securitized:
According to the article below up to 40% of credit card debts & car HP loans were securitized, bundled and mixed up by banks and finance companies and sold off to investors. This enabled credit companies to lend more than they would have but now that there is an aversion for investing in such securities, banks and credit cards have much less money to lend.
IT IS A REFLECTION THAT THE WORLD ECONOMY HAS BUILT UP FAR MORE DEBT THAN THEY SHOULD HAVE BEEN ABLE TO AS A RESULT OF ALL THIS SECURITISATION ALCHEMY AND BECAUSE IT IS IMPOSSIBLE TO GO BACK TO THOSE DAYS, IT IS UNLIKELY IF NOT IMPOSSIBLE THE WORLD ECONOMY WILL RECOVER AFTER 1 YEAR’S RECESSION BUT THIS IS LIKELY TO DRAG ON.
Behind The Consumer Credit Collapse
WASHINGTON, Nov. 18, 2008
(CBS) When Pamela Sande bought her new Ford Taurus, she was thrilled.
But like most consumers, she had no reason to care how her bank got the money to give her that loan.
Now, however, it is time to care.
For years, up to 40 percent of all auto loans, all credit card purchases, even student loans, have been bundled by banks and finance companies - the same way they bundled up risky mortgages - and then sold them off as securities.
That's the problem, CBS News correspondent Wyatt Andrews reports.
All the buyers - the global investors and pension funds that got burned by mortgage-backed securities - don't want anything to do right now with securities based on consumer loans.
"Investors are suspicious of securitized products, so they are no longer willing to buy those products," said Vince Reinhart of the American Enterprise Institute.
Since investors stopped buying, the market for consumer credit has collapsed by 80 percent and shocked the American credit system. Six-hundred and thirty-eight billion dollars from investors that was available last year isn't even in the pipeline this year - and isn't being used for new loans.
That leaves the big finance companies like GMAC struggling for cash, with GM now running ads sending customers to banks which might have cash.
"Their business model - make the loan get it out the door to the investor, make new loans - doesn't work anymore," Reinhart said. "And that's what's frozen."
To get the credit markets unfrozen, Treasury Secretary Henry Paulson wants to use the remaining bailout funds - up to $50 billion - to buy or prop up consumer credit. The lack of funds, he argues, is harming growth.
"This is creating a heavy burden on the American people and reducing the number of jobs in our economy," Paulson said on Nov. 13.
So with finance companies withering and investment capital drying up, banks, once again are where the money is, including that $159 billion they got from taxpayers. So are banks making more loans now?
"Well, I'd say that they are," said Diane Casey-Landry of the American Bankers Association.
The banking industry insists it is loaning money, but that the days of easy money, or non-stop credit card offers, are over. Just like car buyer Pamela Sande, a good credit score gets you a loan, a poor credit score gets you a higher interest rate.
"For the consumer it's a much tighter market out there," Casey-Landry said. "The credit standards have tightened and you've seen a retrenchment as the non-bank players have left the marketplace."
And now with even more bankruptcies, unemployment and delinquent loans of all kinds, the declining credit picture for millions of American is an obstacle for Treasury's new strategy. As one economist put it: even if Secretary Paulson can fix the credit markets, he can't fix the credit scores of all those borrowers.
Securitization promotes recklessness:
By securitizing and passing on your credit card loans, credit card companies absolve themselves of responsibilities should borrowers default and so they are likely to be reckless to lend to people who should be denied credit and so taking into account the long period of unfettered lending, it is likely that the scale of recklessness in credit card lending is massive and those who had bought the securities based on credit card debts are at risk of serious losses that they may be unable to meet, partly because rating agencies have overrated the grade of those securities so that they assume their likely losses are manageable.
THUS RATING AGENCIES WHO WERE INCOMPETENT OR CONNIVING TO GIVE FAVOURABLE RATINGS THAT INDUCED UNSUSPECTING INVESTORS TO OVERPAY FOR THE SECURITIES OR UNDERESTIMATE THEIR RISKS HAVE GRAVE KARMA.
The future is already here:
Karl Rove: We've been walloped in consecutive elections, but we can't just dwell on the past. The future is already here.
He is speaking falsely to exaggerate the importance of what he wants to say.
The future will always remain in the future and so it is false to say the future is here.
Why did he say that? Did he say it because he knows it is true or is it because he is emotionally indifferent, it sounds nice or stirring, “The future is already here”, ‘wow’.
What he and his cohorts do not realize is that he is inexorably conditioning himself to perceiving what is false or makes no sense as possible or true and that will end in mad perception that is never bliss but torment.
Perhaps he wants to mobilize his audience to take action NOW but that does not mean the future is here.
Coffee reboots the mind:
Ordinary people when presented with this statement will ignore it, balk at categorizing it as true or false, may shrug it off cynically or give an excuse like what he said should be ‘taken with a pinch of salt’ when the calm clearly thinking perception is that this is a false statement.
There is such a thing called rebooting and it is when a computer shuts down and restarts again. Can you see coffee making your mind shut down and then restarting again (presumably reinvigorated)?
If you cannot and nobody can, then it is a figment of the writer’s imagination that it is so and rather than harmless or fun speaking in such ‘colourful’ language, he is conditioning himself to false perception that will end in mad perception.
UNLESS YOU CAN SEE COFFEE SHUTTING DOWN YOUR MIND AND RESTARTING IT, YOU ARE FLIRTING WITH FALSE PERCEPTION THAT WILL END IN MAD PERCEPTION.
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