d Blog

Welcome to d blog, also known as Dan's rant. The content herein is essentially comprised of miscellaneous ramblings and random thoughts on the nature of contemporary existence.

"The Purpose of Industry"

Man O' Man I want to believe. I want Obama to succeed and deliver on the promise of a truly great society. I want this beyond all desire, it's just that I can't see how it is going to happen. Hope against hope I fear we may be screwed.

We must repair our society's foundation. Life costs money. To rebuild our foundation the highest priority today must be the economy and the most important industry in supporting our economy is the Finance Industry. It's obvious that the thing is broken, FUBAR beyond repair. The cure must now be more than regulation. The cure needs be restructuring almost ad infinitum. How can the Obama administration rebuild the henhouse with a staff of foxes? Every Director and much of the staff of every Governmental Regulatory Agency is a former Goldman Sachs Alumni, that still hold shares in the mothership!!!

There is enough punditry available across all media,so that I can assume that you, gentle reader don't need me to expound on the, "Goldman Sachs is the Devil" topic. Suffice it to say that Goldman's modus operandi is dynamically geared towards activities involving
1) Short Term Profits and giant Billion Dollar Multi National Corporations.
2) Black Box Market Manipulations that create Bubbles and selling their customers into these "Pump 'N Dumpers then cashing out their own positions moments before the Bubble BURSTs
3) Super computer enabled HYPER Day Trading / Hedgefund type insider trades literally microseconds prior to other institutional trades. When trading millions of shares over the span of minutes tenths and hundredths of a cent add up.

Democracy and Capitalism are not the same thing and can be mutually exclusive. It occurs to me that in a healthy society the purpose of the Finance Industry is to efficiently provision capital resources where they can do the most good while limiting RISK ! Instead what we have is an extremely high risk marketplace benefiting the fewest recipients possible. If my bonus is based on short term profits then that's what I'm going to create, regardless that these ethereal profits end up being vapor that soon disappears from the balance sheet and someone else ends up holding the bag! AS long as the accounting holds up long enough for me to cash my bonus.

The system employed today that forms the underpinnings of all of our Banking, Finance and Equity trading systems is broken beyond repair. The special interests that benefit are investing heavily in lobbying the Federal Government to preserve the current diseased profit structure. THE FIX IS INDEED IN! WE MUST RISE UP IN OUTRAGE AND DEMAND RESTRUCTURING !!

Should Goldman Sachs discover the value of PR all they need do is invest a small unnoticeable fraction of their profits in long term small businesses and we'd all simmer down. It's a media trick that would fool us all and lull us back into the MATRIX like pods that us batteries inhabit now....-db

Has Wall St Learned it's Lesson? http://bit.ly/3MTbLt & http://bit.ly/BfGHX 2X Video

DH Unplugged Podcast John C. Dvorak & Andrew Horowitz Shred Economics 101 http://bit.ly/S49c9 http://bit.ly/3RzYK

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