Global capitalism and 21st century fascism
- Thread starter CUBert
- Start date
I was not very clear in my earlier post Cliffy.. As a Director of a company, the individual can be held personally liable (along with the corporation) on certain issues.. Environmental issues or remittance of taxes are a couple of examples. The insurance is available for legitimate issues such as these (assuming that the Director follows the rules and can prove as much).
In terms of fraud or any criminal actions, there is no recourse for a Director, Officer (or Employee for that matter) other than having their day in court.. What I mean to really say is that there is no "insurance" for any of the aforementioned malicious or criminal actions.
We are constantly confusing money , currency, debt and real wealth. Debt is the favoured insturment of wealth extraction followed by outright theft using aircraft carriers as bargaining chips.
No one is forcing debt on anyone. By in large, debt facilities are actively sought in order to gain some material items in advance of having the entire purchase price available.
It wasn't that many years ago where you didn't buy something like a car or television unless you had the money in pocket.
It wasn't that many years ago where you didn't buy something like a car or television unless you had the money in pocket.
Lay away is still around and works far better than making a demand paymernt on a specific date. Who the hell can't afford to buy a TV cash these days?
To a degree, the (higher) cost of material items is a reflection of the artificial demand created by access to debt. Back in the day when my folks would buy a car, there was no such thing as auto financing like today.... At the time, the only really accessible loans existed for home purchases.
As far as the lay-away is concerned, personally, I don't think that it is really that bad a deal... The problem is that we live in a world that promotes immediate gratification at the expense of everything else.
As far as the lay-away is concerned, personally, I don't think that it is really that bad a deal... The problem is that we live in a world that promotes immediate gratification at the expense of everything else.
I have had the fundamental key to being better off pounded into my skull by my parents. Take care of your needs first then save and grow what you have and then buy your wants. Thing is I got so cheap and frugal taking care of needs that I have no desire for wants. This leaves me to do the things that others have to wait another 25 years to enjoy.
Your folks provided you with very sage advice.
In the end, it sounds like you traded ability to affect "immediate gratification" when you were young for the ability to access those "wants" later in life.
Much of the economic woes that are being felt today would have been minimized greatly had more folks adopted your philosophy.
In the end, it sounds like you traded ability to affect "immediate gratification" when you were young for the ability to access those "wants" later in life.
Much of the economic woes that are being felt today would have been minimized greatly had more folks adopted your philosophy.
It's not my philosophy, it was the reality of everyone before us and I've merely stuck to that principle.
Funny that you make that comment... It still is a reality, but now it is one of many options as opposed to it being the only option back in the day.
It is by far the best option. I passed the torch on to my girl. She doesn't eat out, buy junk food, name brand fashions, limits her cell phone to just texting, doesn't drive around wasting gas, doesn't go to the bar to drink but just dance, and doesn't go to Tim's every morning. Her friends think that I give her money but it's all her being smart about her money. She knows that marketing is aimed at her to buy the clothes, the shoes, the movies, the sodas, the coffees and the alcohol but refuses to bite the golden donut of glutony and urges.
No private banker (behind closed doors) would agree with you.The IMF is infamous for exactly that. Heavy national debts are in fact the main binding agency orchestrated by those large private banks. It is easy to cite many examples of bank debt being forced on the public literally at gunpoint. So yes debt is bloody well forced on people.Of course your high school or collage will never educate you about the pitfalls of credit or debt so it's little wonder that debt is a huge problem.
A compelling video indeed... I'm beginning to understand the basis for the development of your opinions; too bad it's founded on the ramblings of a wannabe journalist, conspiracy freak.
By the way, I'll happily get an effort together to pass the hat around and get you airfare to Greece, hell I'll bet that that the donations may even be enough to fund your food and rent for 6 months or so... Just let me know if you're interested and I'll get on it.
*N.B.: One important caveat on this; the deal is that you'll surrender your Canadian passport upon arrival and retract your Canadian citizenship. The real goal here is to get you to your socialist utopia and if you have the soft option of returning to Canada to sponge off society, then it really takes away from the sincerity of your prior rants.
