Add in that the threat of American policies crossing the border isn't just real, it's already happened in many areas. Harper openly wants to increase the level of "harmonization" of many things as well. These protests serve to say we don't approve of whats happened in the US, we don't want it to happen here, and we don't like the parts of it that did occur here.
Even if they cost 6 million in the long run I'm more than ok with that. That's less than a dollar per person in the GTA and I think they have the potential to make much more of a difference than that cost. Even just the awareness or the fact it's in the news instead of some nonsense, you can consider it a one time fee for education. :p
Endlesswave
quote:
Originally posted by FunkyCrew
that's the thing - I might be awfully wrong but I just got a feeling that these guys jumped the protesting bandwagon "just because"
on top of it all, I could be terribly ignorant but I can hardly relate to a lot of the things they're making the noise about
I know that this is a "only care about what's happening in my own back yard" attitude but I cannot help it..
I hear you, I was just messing around. I'm somewhere in the middle.
Sentinal
You know I've been reading the posts in this thread and to be honest found them to be informative to say the least. Although I am a conservative by financial belief, I do understand some of what these people are protesting. And I agree......with some of thier collective arguments. There may be a cost to thier protest, and it may seem like a lot of wasted resources but, there is a real crisis that I think people need to be made aware of, and that is what this accomplishing.
Remember the saying: I may not agree with what you say, but I will always agree with your right to say it.
pkcRAISTLIN
i am pleasantly surprised by the amount of common sense in this thread. normally when i poke my nose in here these topics are full of extremist woo.
quote:
Originally posted by DeleteFromUsers
This is absolutely false. Unequivocally. There's no question. A lack of regulation is why we're here. 2008 happened because of the repeal of Glass-Steagall in 1999. Look it up.
this is a gross exaggeration. there were far more important contributors to the GFC than the repeal of glass-steagall. complex financial products, derivatives, CDOs, subprime loans etc would have all existed regardless. there is much debate concerning the glass-steagall deregulation and its role in the GFC and is not nearly as clear-cut as you're asserting. did the repeal of G-S contribute? possibly. would the GFC have occurred had G-S remained in place? absolutely.
quote:
Originally posted by hardcore trancer
Oh awesome mission accomplished and more Oil for the west. :)
yeah that massive 0.46% of US oil imports (in 2010) that libya provides was definitely the point of the war! :stongue:
quote:
Originally posted by Inrush
2) The monetary system is a huge problem. I dont understand how you cant see this. The only way it keeps going is when people keep the "money" in banks and never take it out. Again is starting to hit the fan with mass loans coming due.
now this is the kind of woo i was expecting! :stongue:
StereoPrincess
what do you expect in Vancouver tho. remember the hockey riots.
rabbitjoker
quote:
Originally posted by GGM
Even if they cost 6 million in the long run I'm more than ok with that. That's less than a dollar per person in the GTA and I think they have the potential to make much more of a difference than that cost. Even just the awareness or the fact it's in the news instead of some nonsense, you can consider it a one time fee for education. :p
$6mm would put 1500 students through 1 year of univeristy. Frankly, that would be a better investment than squatters camping in a park and blocking traffic.
jon jon
quote:
Originally posted by Sentinal
You know I've been reading the posts in this thread and to be honest found them to be informative to say the least. Although I am a conservative by financial belief, I do understand some of what these people are protesting. And I agree......with some of thier collective arguments. There may be a cost to thier protest, and it may seem like a lot of wasted resources but, there is a real crisis that I think people need to be made aware of, and that is what this accomplishing.
Remember the saying: I may not agree with what you say, but I will always agree with your right to say it.
nice post
English Rachel
hardcore trancer
;)
LightsOut
feelgood
quote:
Originally posted by English Rachel
I think this shows perfectly how poorly the general public and then ultimately the government understand financial markets.
1. Bailouts. 5 years ago, virtually every right leaning (Austrian school) economist insisted that bailing out these banks (or any other company) was a terrible decision. They predicted this would be the end result. Squandered money, CEO bonuses and no gain. Ideally these banks and companies should have been allowed to crash and burn. But no.. the public + government sensationalism knew better.
2. Banks making money. Geez. Why is this news? A bank's business model is entirely giving 'x' money to receive 'x+1' later. This is what they do, and this is what they're good at, and this is why they have money. The moment you sign a mortgage, (even if you pay it off in 5 years with the best interest rates) you're getting screwed. Because this is what banks do, and its what affords our 1st world standard of living. Why do people have this idea that banks are some sort of moral entity?
CEO's don't make these exorbitant figures arbitrarily. There is a certain value of the position that is a function of their industry.
Im so blown away at how in the last month, so many people who haven't read an economics book their entire life suddenly are preaching the pros and cons of the money market and suggesting ways to regulate it.
FunkyCrew
quote:
Originally posted by feelgood
is would be the end result. Squandered money, CEO bonuses and no gain. Ideally these banks and companies should have been allowed to crash and burn.
how is this a good idea? never mind the fact that this was discussed already
banks crash and burn = you are ed
it would be YOUR money your savings your pension that gets wiped out
