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Comment: Re: Great Recession part II? (Score 1) 599

by jcr (#49767389) Attached to: Greece Is Running Out of Money, Cannot Make June IMF Repayment

You are a moron.

Coming from you, that carries no weight at all.

Fiat currency has nothing to do with the 2008 crisis.

What's your next guess?

The whole problem was caused by a huge shadow banking system that essentially allowed to use private debts as if they were a currency.

All enabled by the Fed. You really weren't paying attention, were you?

Without the Fed holding down the interest rates by inflating the currency, rising rates would have limited the pyramiding of debt on debt.


Comment: Re:Great Recession part II? (Score 0) 599

by jcr (#49766425) Attached to: Greece Is Running Out of Money, Cannot Make June IMF Repayment

It's almost universally acknowledged that the GFC was caused by a LACK of regulation in the US mortgage market

Nope. We were regulated right into this mess. The Fed shit out a never-ending supply of magic rubber inflatobucks, holding interest rates below the inflation rate. The bubble was a symptom, not a cause.


Comment: Re:Men's Rights morons (Score 1) 774

Still, when you look at some proxy variables for discrimination, such as imprisonment, homelessness, victimization rates in violence, suicide rates and average lifespan it's quite interesting how most groups suffering discrimination are overrepresented in those negative outcomes. Except when it comes to women vs. men, when apparently women are so discriminated against, yet somehow seem to avoid actually suffering from the worst outcomes that usually follow such discrimination.

But well, hey, they're not as well represented on corporate boards, which most men are.

FORTUNE'S FUN FACTS TO KNOW AND TELL: A firefly is not a fly, but a beetle.