What is Digg?63 Comments
- tonyDigger, on 06/23/2008, -9/+32I am sure they are the same breed that are behind the current SPECULATIVE Crude Oil Boom that is making our lives hell.
- oconnor11, on 06/23/2008, -0/+21If the American People allow private banks to control the issuance of their currency, first by inflation and then by deflation, the banks and corporations that will grow up around them will deprive the People of all their Property until their Children will wake up homeless on the continent their Fathers conquered. - Thomas Jefferson
- diggduggjoe, on 06/23/2008, -1/+20Assassination my ass. It was suicide. No one forced him to do whores. Personally, I wouldn't care, but society seems to have a high standard for married men.
- durden0, on 06/23/2008, -5/+20The shadow banking system is simply an example of the free market striving to work around regulations.
- inactive, on 06/23/2008, -0/+15 Maybe they shouldn't be engaging in fractional reserve lending in the first place.
- 0xception, on 06/23/2008, -4/+18destroying all within its wake
- jaymzdean, on 06/23/2008, -0/+14As a business owner myself, I recognize regulations that are in place to hinder capitalism, especially the little guy. Good capitalism contains good competition, a good fight.
But I also recognize that without a referee, eventually one of the fighters gets the upper hand and if chooses to, can permanently down their opponent or even kill them.
Then there you are. No more competition. And that = a sick capitalism.
So, not all regulations are bad. Like the one that prohibits Dupont from running a waste disposal pipeline into your daughters bedroom window. - OldWiseOne, on 06/23/2008, -1/+15Greed will be what ultimately ruins this country.
- Hangly, on 06/23/2008, -0/+12The more one understands about real-world economics, the more tin-foil hattish one becomes.
- Hangly, on 06/23/2008, -0/+12I believe a law was passed recently that allows people who understand economics to use the internet, including digg.con.
- ahhell, on 06/23/2008, -0/+12Too late.
- Hangly, on 06/23/2008, -1/+10Yes, I believe that's sometimes referred to as a "market failure."
- inactive, on 06/23/2008, -1/+8really? you think this system is the best humanity can come up with? i'm betting there's a far better, less destructive way for a society to conduct itself, but it has to come from the populace. now motivating the populace...that's a whole other kettle of fish
- Hangly, on 06/23/2008, -0/+7Please will you Europeans shut up about how your gas is (and has always been) more expensive. That isn't the point at all.
Americans rely on motorized transportation far more than you do. We don't have any alternatives. A 250% price increase in under a decade is a much bigger shock to our economy than it is for yours. - jaymzdean, on 06/23/2008, -0/+7In other words..."Stay ignorant, America".
No thanks, ColonelJessup. - tonyDigger, on 06/23/2008, -6/+13Whoever buried me have no idea how the speculators are pumping up the Crude Oil prices..
- ThatDustyGuy, on 06/23/2008, -0/+7
All the perplexities, confusion and distress in America arise, not from defects in their Constitution or Confederation, not from want of honor or virtue, so much as from the downright ignorance of the nature of coin, credit and circulation.
-John Adams - Duncan3, on 06/23/2008, -0/+7What are you talking about failure? It was a huge SUCCESS! Many many billions of dollars were created on paper, and transferred to bankers' private accounts overseas. That is success any way you measure it. And best of all, the Fed - a private corporation, bills it all to the taxpayer.
They played exactly by the rules in place the whole time. It's not their fault YOU elect corrupted politicians. - jaymzdean, on 06/23/2008, -2/+8"it aint pretty but its better then anything else"
That sums up just about everything that's wrong with this country, sentiment and grammar included. - tonyDigger, on 06/23/2008, -1/+7Not just Gas man... It will spiral into everything soon... It is not about how much you pay in Europe or how much they pay in Venejuela... When the commodity price goes out of control, it is a matter of serious concern
- trickyt, on 06/23/2008, -1/+7Or we're speculating on your diggs up / down ratio.
- bjornski, on 06/23/2008, -3/+8Or they're gaining from it.
- darkened, on 06/23/2008, -0/+5The answer is not more regulation, the answer is always more transparency. Instead of forcing these banks to operate in a way that is not what they are meant to be they should make it easier and clearer to understand the amount of risk these banks are leveraging in attempts to gain profits. Just because one failed massively doesn't mean the rest should pay the price. With more transparency it would be decided by the consumers on whether or not to invest, divest, or purchase securities underwritten by these companies.
- NelsonR, on 06/23/2008, -0/+5Bottom line, these brokerage houses are feeding at the public trough after years of illegal and unethical practices. Now they expect and are receiving a public bailout since they are above all decency like the politicians and system we endure.
Try and have the average person attempt this crap and they would be in jail today. Our elite are better people under a separate governing list of rules. - inactive, on 06/23/2008, -0/+5Isn't this referring to "The Financial Bubble"?
- Daedalus81, on 06/23/2008, -1/+6*****. You are so annoying with these repetitive comments, CJ.
- ToRoE, on 06/23/2008, -0/+5You mean, we are paying less TAX on gas than Europe does. . next.
- cerejota, on 06/23/2008, -2/+7Ha! Spoken like a tru criminal. Because yes, thats what you loudmouth wall street apologists are.
Just as Spitzer is at fault for soliciting prostitutes, wall street is at faul for not obeying the law and common decency.
Those who hated Spitzer's enforcement of the law are just like (and in many cases *are*) the bullies that hated teachers for disciplining them. Go cry somewhere else. - BlacklabelSAR, on 06/23/2008, -0/+4Like right now.
- fuhcough, on 06/23/2008, -2/+6I was there. And my uncle's friend is a banker and he was threatened too.
/just beating them to the punch... - koswix, on 06/23/2008, -5/+9Sure, speculators are to blame in part for oil prices, but it's not the only reason. Stop burying your head in the sand and look at the real figures out there.
Current daily demand for oil is around 87.8 million barrels per day.
Current daily production of oil is around 87.5 million barrels per day.
It doesn't take a genius to work out the supply and demand effect on those figures.
Saudi Arabia has pledged to increase output by a few hundred thousand bpd, but it's really not going to make much difference. At the same time as that increase was announced, attacks on Nigeria's production facilities caused their output to drop by almost the exact same number!
And don't be relaying on Saudi Arabia to be plugging the gap for ever - a lot of geologists and petroleum engineers don't believe Saudi has anything like the capacity they state, and their aim to reach 12.5 mbpd by the 2009 is very optimistic, and likely unsustainable for any length of time.
Time to face facts people - we need to use less oil! - BlacklabelSAR, on 06/23/2008, -0/+3"'Who cares for you?' said Alice, (she had grown to her full size by this time.) 'You're nothing but a pack of cards!'"
- randumbusername, on 06/23/2008, -0/+3congress will kill it first.
- sweetholymosiah, on 06/23/2008, -2/+4Power of the internet! nobody in digg would be talking like that 50 years ago.
- idhorat, on 06/23/2008, -0/+2True, point being if its paper or bits, its an economy that trades things of no value, i.e a valueless economy has been built for years, this causes the instability we face today.
- scamper22, on 06/23/2008, -0/+2today its less than paper.
it's based on bits on a computer - inactive, on 06/23/2008, -1/+3There's no way for you to know where the speculation begins and where it ends. We don't know if those figures are fixed, we just don't know. They could be made up by the media -that's what I think. There's a group of people out there looking down of us and laughing while we discuss how to address the oil prices crisis that they made up.
- StillAnonymous, on 06/23/2008, -1/+3Demand for oil has gone up 0.9% while production has gone up slightly over 1%. Price has increased over 80% in the last year alone and almost 700% since 2001.
It's speculation. - randumbusername, on 06/23/2008, -2/+3don't YOU own the property where you daughter's bedroom window sits?
- g00dETH3R, on 06/24/2008, -0/+1Right more regulation, and who will be the regulators, unelected bankers??
The answer is to have many banking systems (a free market system for banking systems), diversity. That way if one fails you can escape to another. If you have one system it will eventually fall to greed or corruption. - BetterOffEd, on 06/26/2008, -0/+1They had digg 50 years ago?
- ggidlabeay, on 07/05/2008, -0/+0http://www.et.undp.org/
Isn't this referring to "The Financial Bubble"? - sesstreets, on 06/23/2008, -2/+2DESTROY THEM!
- beesaretasty, on 06/23/2008, -1/+1I hope he finally figures out where to put all of his stuff up there. We'll miss you George.
- inactive, on 06/24/2008, -0/+0You have neither debt nor do you buy food or oil...
- inactive, on 06/24/2008, -0/+0Ahh we have friends who knock down buildings when people like these get caught...
- inactive, on 06/24/2008, -0/+0Yes its actually past. Like 1920 past...
- beesaretasty, on 06/23/2008, -1/+1Dammit. Obviously this message was posted as a goodbye to George Carlin. Hate on Digg for making me look retarded. Try not to post messages while having a dozen tabs open in Firefox. Apparently it's a crap shoot to which it'll post to.
- scamper22, on 06/23/2008, -1/+0don't we just take out a mortgage we can't afford and build a new house?
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