Nassim Taleb Angry At Obama's and Geithner's Lies and Games

Professor of risk analysis and author of Black Swan, Nassim Taleb explains how to save capitalism and why Obama will fail with Geithner's current plan.

Category:

News & Politics

Tags:

• bad bank
• obama
• bailout
• g20
• geithner
• depression
• recession

[IdiotsForObamaCom]

People who despise capitalism are mishuided retards and no less. I love how socialism has failed everywhere and these morons believe more people will work more and harder to support lazy bums. Liberalsim has also failed- look at Atlanta yesterday! Look at foreclosures because the govt thought everyone should have a home. Look at unemployment and the debt. LIBERALISM!! Idiots..

[atlien991]

@IdiotsForObamaCom Figure out how to spell misguided then we'll get around to discussing how little you understand about economics.

[yoyuepz]

@atlien991 well socialism doesnt work does it? :P

[atlien991]

@yoyuepz No one i know has ever lived under it so how would I know. As for capitalism, that I can attest to.

[elimar008]

this debt to equity swap is discussed by Marty Armstrong in his letters from the hole,not Nassims idea, sorry

[atlien991]

@elimar008 Nassim isn't flaunting a new idea here. Many have cited the problems. He's just something of a celebrity in economic theory circles.

[readthepaper]

The US follows the ten planks of communism to varying degrees. While there is not a total abolition of private property, you have to pay to simply own property you have fully paid for, the property is zoned, and regulations direct the use of the property. Anybody who wasn't asleep from 1913 (especially the 1930s) to the current time would realize the US is fascist with some socialist sectors of its economy. The government stealing half of your income is not capitalism.

[yoyuepz]

@atlien991 uk is more socialist, free health care, free pension.. you want to go to china/india where nothing is free and its Pay then treatment. I think you take things for granted.

[nokia3210fuck]

He is smart but still not smart enough to see the root cause of the problem.

The banking system has one big mistake which is compound interest.

Because of compound interest money assets grow with accelerating speed, so do debts.

This exponential growth of debts leads to accelerating debited interest and therefore exponential growth of debts.

These debts can never be paid back and therefore periodic crashes are inevitable.

[1982Lennon]

@IdiotsForObamaCom as terrible as Obama is, you're worse... we don't have capitalism anymore genius

[Kurtlane]

What Taleb is proposing is not socialism. Not at all. It is still very much within capitalism.

For the first time in this crisis, I hear something that makes sense.

[SuperZubz]

@ChannelMitchy13 We are often referred to as the 51st State Of America. :)

[ChannelMitchy13]

@SuperZubz Are there American's in your homeland?

[Waszma]

@readthepaper Wow...I'll never look at property tax the same way again! Lol, you're assessment (no pun intended) is right on.