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In reply to the discussion: Fidelity has sold all of its short term T-Bills [View all]jtuck004
(15,882 posts)66. That's too shortsighted. It would be like supporting an insurgency by giving them bullets
with no guns.
What the people need is a way to train themselves to quit perpetuating the system that controls them, the very thing that la Boetie described in 1450 or so.
Tax them, go ahead. Give someone with no knowledge of how to make it a big pile of cash. It will only be a matter of time before those who have the knowledge get it back, as they have done repeatedly. If you remember, the inequality thing is only worse today, but there have been periods where it was very bad before, so we took some away and gave it to people in our condescending way, with a facade of fake compassion. It never seems to enter people's heads that it is disrespectful to think they can't learn and compete with these assholes, to give someone a coupon for a quart of milk without making provisions for them to learn how to produce it themselves, as if they are just as smart and capable as anyone else.
On the other hand, it's easier to control them if you make excuses for not educating and training them to be your equal, eh?
There is a an old book by an Industrial Union organizer named Matles called "Them and Us". In it he talks about how the "leadership" of the backstabbing Gompers in the AF of L cozied up to business and in league with the government killed off the Industrial Union movement with their Business Unions, like the ones we have today, making decisions "for" people instead of living in their shoes and making decisions "like" them. They cut the heart out of the industrial labor movement, whose goal was to put the workers in charge of making the decisions that they, themselves, can make just as competently as any bean counter.
And here we are again...
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The dollar amount of your investment in Treasury notes (bills) is the principal.
Loudly
Oct 2013
#20
The friggin' principal is a mirage, there is little to no worth underlying it,
jtuck004
Oct 2013
#28
Fine. Show me the underlying worth. In 1960, milions of people working, producing,
jtuck004
Oct 2013
#42
That's too shortsighted. It would be like supporting an insurgency by giving them bullets
jtuck004
Oct 2013
#66
Of course it is. And do you think the Mi$$ RobMe crowd gives a flying rat's ass about them?
jtuck004
Oct 2013
#44
Why would one want to willingly participate and profit from the destruction of their
jtuck004
Oct 2013
#64
We are a society. We all live off the same economy, the same practice of exchanging value for work
JDPriestly
Oct 2013
#69
That is an incorrect statement. For any treasury security shorter than 2 years...
A HERETIC I AM
Oct 2013
#35
Okay, I've never had either of those. Just the defined benefit. It kicks in if everyhing doesn't go
freshwest
Oct 2013
#26
Wrench your eyes off the Orange One + the rest of the clowns and watch these stories
riderinthestorm
Oct 2013
#16
With his Black swan fund Eric Cantor bet against the US in the last debt ceiling fight
stuffmatters
Oct 2013
#71
I maintain, if the halfwit repukes don't give in, there will be a massive sell off late tomorrow.
Javaman
Oct 2013
#55
Exactly. I was coming in to post this. The company is highly respected and they do not seem too
seabeyond
Oct 2013
#59
interesting. Pre-edit title of OP was correct. Why did you edit it to inaccurate?
magical thyme
Oct 2013
#58
Think of it. Only the Republican members of Congress know how and when this artificial crisis
JDPriestly
Oct 2013
#68