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Re: Financial topics

Posted: Thu May 16, 2013 11:11 pm
by Higgenbotham
Copper - speaks for itself.
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Re: Financial topics

Posted: Thu May 16, 2013 11:27 pm
by Higgenbotham
Seems like somebody had mentioned lumber. Seems to be telling us housing could have a bit to run yet depending on how the rest of the economy holds up.
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Re: Financial topics

Posted: Thu May 16, 2013 11:27 pm
by gerald
The Trick To Suppressing Revolution: Keeping Debt/Tax Serfdom Bearable
http://www.zerohedge.com/news/2013-05-1 ... m-bearable

"At what point do people choose to opt out of debt/tax-serfdom? What triggers their decision to renounce debt, go off the financial grid, and escape serfdom by fashioning a low-cost lifestyle in the cash economy? At what point do productive people tire of supporting parasitic financial and political Elites and millions of people who aren't working themselves to the bone to pay taxes and service debt?"

"The 30 million whose labor funds the parasitic status quo don't have to rebel; they simply have to stop going to work, stop starting enterprises, stop being productive. They just have to tire of being the host, tire of being debt-serfs, tire of being tax donkeys. And when they lay down their burden, there won't be anyone to pick it up: the parasitic financial and political Elites are incapable of being productive, and the working poor don't generate enough surplus to fund open-ended benefits for 110 million non-workers."

"Who is John Galt?" http://en.wikipedia.org/wiki/John_Galt -- "The phrase "going John Galt" or simply "going Galt" has been used by psychologist Helen Smith[13] and others[14][15] to describe productive members of society cutting back on work in response to the projected increase in U.S. marginal tax rates, increased limits on tax deductions, and the use of tax revenues for causes they regard as immoral." --- and also it's growing and unstoppable bureaucratic and legal nightmare.

Re: Financial topics

Posted: Thu May 16, 2013 11:36 pm
by Higgenbotham
http://www.camse.org/andy/oil/Soviet_Advice.pdf
Dmitry Orlov wrote:But very few of them have ever heard of the real operative "ism" that dominated Soviet life: Dofenism, which can be loosely translated as "not giving a rat's ass." A lot of people, more and more during the "stagnation" period of the 1980's, felt nothing but contempt for the system, did what little they had to do to get by (night watchman and furnace stoker were favorite jobs among the highly educated) and got all their pleasure from their friends, from their reading, or from nature.

This sort of disposition may seem like a cop-out, but when there is a collapse on the horizon, it works as psychological insurance: instead of going through the agonizing process of losing and rediscovering one's identity in a post-collapse environment, one could simply sit back and watch events unfold. If you are currently "a mover and a shaker," of things or people or whatever, then collapse will surely come as a shock to you, and it will take you a long time, perhaps forever, to find more things to move and to shake to your satisfaction. However, if your current occupation is as a keen observer of grass and trees, then, post-collapse, you could take on something else that's useful, such as dismantling useless things.

The ability to stop and smell the roses — to let it all go, to refuse to harbor regrets or nurture grievances, to confine one's serious attention only to that which is immediately necessary, and not to worry too much about the rest — is perhaps the one most critical to post-collapse survival. The most psychologically devastated are usually the middle-aged breadwinners, who, once they are no longer gainfully employed, feel completely lost. Detachment and indifference can be most healing, provided they do not become morbid. It is good to take your sentimental nostalgia for what once was, is, and will soon no longer be, up front, and get it over with.

Re: Financial topics

Posted: Fri May 17, 2013 12:25 am
by gerald
Higgenbotham wrote:http://www.camse.org/andy/oil/Soviet_Advice.pdf
Dmitry Orlov wrote:But very few of them have ever heard of the real operative "ism" that dominated Soviet life: Dofenism, which can be loosely translated as "not giving a rat's ass." A lot of people, more and more during the "stagnation" period of the 1980's, felt nothing but contempt for the system, did what little they had to do to get by (night watchman and furnace stoker were favorite jobs among the highly educated) and got all their pleasure from their friends, from their reading, or from nature.

This sort of disposition may seem like a cop-out, but when there is a collapse on the horizon, it works as psychological insurance: instead of going through the agonizing process of losing and rediscovering one's identity in a post-collapse environment, one could simply sit back and watch events unfold. If you are currently "a mover and a shaker," of things or people or whatever, then collapse will surely come as a shock to you, and it will take you a long time, perhaps forever, to find more things to move and to shake to your satisfaction. However, if your current occupation is as a keen observer of grass and trees, then, post-collapse, you could take on something else that's useful, such as dismantling useless things.

The ability to stop and smell the roses — to let it all go, to refuse to harbor regrets or nurture grievances, to confine one's serious attention only to that which is immediately necessary, and not to worry too much about the rest — is perhaps the one most critical to post-collapse survival. The most psychologically devastated are usually the middle-aged breadwinners, who, once they are no longer gainfully employed, feel completely lost. Detachment and indifference can be most healing, provided they do not become morbid. It is good to take your sentimental nostalgia for what once was, is, and will soon no longer be, up front, and get it over with.
That is a good description of a major thread in "Atlas Shrugged" by Ayn Rand, which is where the phrase "Who is John Galt " came from. Ayn Rand lived through the communist takeover of Russia and escaped to the US after she received much of her college education. She lived through some of the things described in "Atlas Shrugged"

Re: Financial topics

Posted: Fri May 17, 2013 12:31 am
by gerald
http://fskrealityguide.blogspot.com/201 ... enism.html

WEDNESDAY, AUGUST 3, 2011

Dofenism
I saw an interesting term, called "Dofenism". It means "Why bother?"

It comes from the Soviet Union. In an absolute communist dictatorship, it makes no difference if you do a brilliant job or a barely competent job. The incentive is to do just enough work to get by.

This attitude is spreading towards to the USA. The USA is acting more like an absolute communist dictatorship, and less like a free market. A lot of people are giving up. They know it doesn't make a difference, so they do the minimum possible work.

For example, in my current wage slave job, it makes no difference if I do a brilliant job or a barely competent job. I do my best, but maybe that's because I'm stupid. Even if I stay with my current employer for 20 years, the odds are practically zero that I would get promoted to Vice President or higher. Why should I work excessively hard?

You might say "Switch jobs if you're underused." However, any wage slave job will have the same problem. If I switch jobs, my next employer won't know what I'm doing now. How can a clueless prospective employer tell the difference whether I'm a good worker or an unqualified loser? I should start my own business, but the State makes that hard.

For most wage slaves, hard work no longer leads to promotion and advancement. Why should anyone work hard? The people who work hard are exploited losers. This attitude is spreading and it's dangerous.

State thugs have mostly disconnected effort from reward. The result is that most people have stopped trying. The USA is in danger of collapse like the Soviet Union collapsed. The USA is getting more like a communist dictatorship, and less like a free market.

Posted by FSK at 12:00 PM

Re: Financial topics

Posted: Fri May 17, 2013 1:44 am
by Higgenbotham
Nowadays any employee who does good work will not only not be rewarded but will get punished. A typical scenario is to give the employee who is perceived to be more competent the most difficult assignments. For example, a factory supervisor who is considered good may be put on the night shift with the most difficult work crew because "we trust you to handle it." If the employee balks at taking the assignment or being subjected to other forms of abuse, management will then roll out the false accusations, of which they are experts. If management wants to up the ante some more, they will create traps and leave the employee twisting in the wind. One coworker referred to that as management "bringing out the instruments of torture."

Re: Financial topics

Posted: Fri May 17, 2013 8:35 am
by gerald
Higgenbotham wrote:Nowadays any employee who does good work will not only not be rewarded but will get punished. A typical scenario is to give the employee who is perceived to be more competent the most difficult assignments. For example, a factory supervisor who is considered good may be put on the night shift with the most difficult work crew because "we trust you to handle it." If the employee balks at taking the assignment or being subjected to other forms of abuse, management will then roll out the false accusations, of which they are experts. If management wants to up the ante some more, they will create traps and leave the employee twisting in the wind. One coworker referred to that as management "bringing out the instruments of torture."

Your above comment indicates a short sighted management approach, I wonder if this attitude has in some way to do with MBA degrees, and not working your way up and living the environment you are managing? When I was in high school I knew of co-students who wanted to get into business and get an MBA so they could sit at a desk and tell others what to do. Having built, owned and run a business I know this is not the way things work.

As a child in the 1950's and of a blue-collar background, many of my dad's family, who were skilled tradesmen, would quit working in September or October because much of the earned wages till the end of the year would be taxed away. Therefor they saw no point working until January of the following year. This of course was due to the income tax laws. If management or government screws around with "producers" they the producers will find a way to strike back and maybe in unintended ways detrimental to all -- except "the destroyers".

Re: Financial topics

Posted: Fri May 17, 2013 8:50 am
by gerald
News flash -- from "Alice in wonderland"

Venezuela Runs Out Of Toilet Paper

commerce minister -- "blamed the shortage of toilet tissue on “excessive demand” built up as a result of “a media campaign that has been generated to disrupt the country.”

http://www.zerohedge.com/news/2013-05-1 ... ilet-paper

You can't make this stuff up no one would believe you.

Re: Financial topics

Posted: Fri May 17, 2013 1:25 pm
by Higgenbotham
Part of it is due to short termism - the idea that if good quarterly numbers can be achieved without corporate knowing how they are achieved, then there can be a quick promotion up and/or a move out to a better location. Many of the people I've seen who do this type of thing do have business degrees, then others copy the techniques as they see them being rewarded.