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Comment: Re:Great Recession part II? (Score 1) 659

Pensions are just money lent by the workers to be given back later.

That's not how government pensions work.

If you add it all up, you'll find that the taxes you pay are not enough to cover the pension + healthcare now + healthcare after retirement. That's why Portugal has a problem.

Comment: Re:Getting rich (Score 1) 96

by istartedi (#49769637) Attached to: Tech Bubble? What Tech Bubble?

Not sure why you're getting slammed by mods. This is truth. If big oil disappeared, you'd be up a creek. If big pharma went away, you might die. If the industrials went away, our infrastructure would rot.

If FaceBook disappeared? The world would actually be a better place. Tesla isn't perfect; I like electric cars but I hate some of the big brother that's coming along for the ride. Same deal though, we could live without them and somebody else will eventually pick up their patents and make electrics that are more affordable.

That's beside your point though. Your thesis is valid--buy value when it's priced properly. Futuristic vision and trends aren't value. Stuff people need is value, but it's overpriced now due to Fed manipulation.

Comment: Re:It could endanger TTIP? (Score 1) 146

by phantomfive (#49769387) Attached to: EU Drops Plans For Safer Pesticides After Pressure From US
Blaming Americans is just an excuse; the EU is bigger than America, they don't need to be pushed around.

In this case, it was European companies that were pushing. But it's easier politically to blame America. Just like US presidents always blame their predecessors for anything bad that happens.

Comment: Re:Great Recession part II? (Score 1) 659

The fair with European leaders is that if Greece needs to do something like leaving the Euro or something else drastic this could pave the way for other countries like Spain, Italy and Ireland. Supposedly this could harm the Euro.

Wrong. That was the worry of contagion in 2011. That is no longer a worry. You have not been keeping up.

Overflow on /dev/null, please empty the bit bucket.

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