wf3h wrote:
On Oct 12, 12:35 pm, Canuck57 wrote:
wf3h wrote:


my corrective action is not to trust the rich anymore...you're too
stupid to learn that
Instead of envy, distrust and hate of the rich, learn to think like
them. They have people paid big bucks to keep them out of financial
trouble, certainly more than you or I can afford.

how does one think like a thief who bribes politicians when one has no
money to bribe politicians?

Don't mistake real capitalist-conservatives with corrupted types. Big
difference. You can be a leftist-socialist and corrupt, in fact that is
where the worst of it is.

Because the left promises a lot, delivers little but to the coffers of
the government.

Corruption from any sector, be it business or government robs from us all.

When government said nothing to worry about re-debt markets in 2007 and
again in 2008, this was your/our first red flag.

me and ever nobel prize winning economist on the planet.
You can sit on your arse and bitch about the rich, but there are good
reasons why they have money and you do not.

yeah. they inherit it and bribe politicians to game the system so we
have NO choice BUT to invest with them.

I don't bribe politicians, but anticipating the non-causal relationship
between the CEO's of GM, Chrysler, Ceberus, Carlyle etc. sure rewarded
me, I bough Ford at $2.50 or less and sold out at $6.50 or more. Nice
ROI in betting on GMs futures would unfold the way they did. Because I
understood the government would bailout GM for it's politicial
connections are strong. Which left Ford in a better position.

I subscribe to the saying that investing is like chess. A game of
strategy, logic and emotions best checked into the toilet. Which
included liberal media BS.

Of course we have to invest! If you let $100 sit in a bank account then
you loose money. Money, cash, it's a deprediating asset. It's value is
in liquidity to trade, nothing more.


so the REAL answer is to change the system instead of doing like YOU
recommend which is to pat them on the back for being such good thieves

Pat who? I never suggested patting anyone. If it were myself as
president back in Feb/Mar in talking with GM's Wagoner, I would say to
Wagoner "I think you should declare bankruptcy now as if you go on with
this rouse the SEC will pay you an Enron like visit."

But I was banking on Wagoner from Harvard having pull and he wanted his
$20M retirement. See, if GM went down, Ford would have supply problems.
But if GM took the PR hit on bankruptcy, and made solvent, Ford would
do well.

And the reason is simple,
they do their research and humbly and rationally know the markets on how
they really operate.

bull****. pure bull****. if they did so, they wouldnt have to come to
me and ask me to bail them out after they stole my money

Only the corrupt ones are. And your politicians are too corrupt
themselves to do the right thing.

what the hell do you smoke?

Nothing. Don't even drink, ok, one beer in the last year.