Knot4Prophet wrote:
Not even sure what you're arguing against here "mate". Your lack of acuity with metaphorical analogies is embarrassing, Mos. Tapers like a signal flare? Lol. Yeah, everyone can identify with things tapering like a fucking signal flare. I think you've spent too much time immersed in rapper lyrics to know how to fabricate a quality metaphor. You're a fucking pretentious moron.
And your grasp of politics is about as firm as jello. Remember how you lauded Obama as the new saviour? Remember how you told this forum, and I quote:
Mos.Def wrote:
Obama has a new way of looking at the economy, he doesn’t think like the past. This isn’t an image he has created, it’s genuinely been his matrix from day one. Every half decent economist supports his policies from stiglitz to mcfadden, those guys are nobel winners. So, i reckon if there is ever a time for when policies will supersede the importance of image, that time is now.
Do you see how fucking ridiculous this idiotic nonsense you spouted two years ago sounds now? Check back on that thread and you'll see how I rightly predicted business as fucking usual in USA economic policy, and they've gotten just that. Punks like you open a newspaper or a textbook for the first time and think you're an expert on any of it. Such unmitigated fucking audacity.
I was nice not to expose your naivete on this political ranting you spouted a couple years back, but since you've taken it upon yourself to attack my character yet again, unprovoked, for no other reason than some meager attempt to bolster your own ineffectual, impotent, immature prose, I indulge in it now.
And let's not forget the past praises you've made about me and this forum, and my purpose at providing free speech in general. Your ambiguity and vacillations are the earmarks of an immature, petulant, prima donna.
So don't ever attempt to condescend to me when you're way down there, you ignorant little pissant. Maybe you can make up some rhymes to show how upset you are at me. Lol. There's a worthy endeavour for you, that you might actually have some nominal skill at.
Here's a site to help you out:
http://www.rhymezone.com/ I hear it's where all the burgeoning rappers go to manufacture their clever lyrics, so they can make their uneducated, inaccurate, juvenile assessments on social culture. But hey, at least it rhymes, right?
I’m arguing with a nescient fuckwit, a 40 year old who conspicuously bestows all kinds of laurels upon himself that are blatantly empty and false. Put a few hard facts in front of you and you’ve got fuck all to rebut them with. Elance and Writers-Network, zero jobs, zero earnings. Posting your mediocre articles in the essay section of your own fucking forum.
I’d love to see your response to a client who approached you asking for a track-record or any journalistic qualification to warrant him hiring your sorry ass.
Yeah and the “metaphorical analogies”. It was a rhetorical simile to be precise about it, matey. The use of “like” and comparing two dissimilar things should have been the giveaway. Do you even fucking appreciate the different types of metaphors and the many nomenclatures they can be assigned under? The part subjectivity, taste and context play in forming original figures of speech? Obviously not.
This trudging back to the year old threads, desperately trying to find material on me. Look from when the crises first erupted to now and you’ll see they’ve used an unprecedented range of initiatives to tackle things. There was an almost alphabet soup of new credit facilities that differed in terms of collateral used, the duration of the loan, which institutions were eligible to borrow, and the cost to the borrower. The Fed turned to a zero-interest-rate policy and carried out quantative easing by purchasing treasury bonds and the mortgage-backed-securities of Freddie Mac and Fanny Mae. Rather than fucking describing every measure, here’s a list:
TARP
Economic Stimulus Act of 2008
American Recovery and Reinvestment Act of 2009
Cash for Clunkers
Additional Emergency UI benefits
Refinancing of mortgages, Hope for Homeowners
Expanded Mortgage Lending
Guarantee of U.S. banks’ debt
Guarantee of Citigroup debt
Guarantee of Bank of America debt
Transaction deposit accounts
Public-Private Investment Fund Guarantee
Bank Resolutions
Fed supplementary financing account
Fannie Mae and Freddie Mac
Term auction credit
Primary credit
Secondary credit
Seasonal credit
Primary Dealer Credit Facility
Asset-Backed Commercial Paper Money Market Mutual Fund
AIG
AIG (for SPVs)
AIG (for ALICO, AIA)
Rescue of Bear Stearns
AIG-RMBS purchase program
AIG-CDO purchase program
Term Securities Lending Facility
Commercial Paper Funding Facility
TALF
Money Market Investor Funding Facility
Currency swap lines
Purchase of GSE debt and MBS
Guarantee of Citigroup assets
Guarantee of Bank of America assets
Purchase of long-term Treasuries
Its armchair guess men like you who have no fucking idea about the finer details of how the recession has been tackled. Drawing comparisons with the Great Depression and making simplistic, deceptive comments like this:
The real root of this current financial crisis though isn't being addressed in the same way it wasn't addressed by government after the stockmarket crash in 1929Responses have been markedly different. Read any fucking academic journal on the matter and it’s plaintitively set out for all. What is it? You just hear some stimulus being implemented on the news and think, ah it’s just business as usual. Let me break some salient points down for you, as you clearly don’t know what the fuck you are talking about:
1929-1933: Permitted money stock to collapse, serious inflation to occur
2007-2009: Money stock continued to grow, price level remained stable
1929-1933: Failed to see that (1) banks were reluctant to borrow for fear of banks runs (2) banks lacked the eligible collateral to borrow. Also they paid little attention to systemic risk.
2007-2009: Acted quickly to encourage banks to borrow e.g. discount window, loans, reduced primary credit rate, introduced TAF etc
1929-1933: Never made sufficient open market operations to prevent a collapse of the money stock or deflation nor lent significantly to distressed financial institutions.
2007-2009: Alleviated credit market strains by supplying liquidity to affected firms and markets
1929-1933: Wholesale recourse tariffs and quotas
2007-2009: Resisted protectionism much better this time around
A distinction is to be made here: Learning from the past, being informed by it NOT addressing it in the same way. Dipshit.
Past praise is the key word, you’ve gotten kudos from me for starting up the chatroom and it was very good in the old days but my thoughts on it now are well known to you. I actually think a man of your age still clinging on to it is a bit pathetic in all honesty. Maybe you’re using it as platform to find another internet bird like Lady Witch, I often see a bunch of dim-witted slags you’ve coerced from the likes of Married and Singles in there that could match her. Do keep evolving as a person though eh.
So don't ever attempt to condescend to me when you're way down there. I’ll condescend you anytime I like, I find it quite simple if I’m honest. Also, I’m not way down there and I’m not way up there either. I’m a very modest, humble sort of person but will never shy away from knocking a twat like you down a peg or two.