Quake3World

Frontline does another bang up job of describing why the meltdown occurred, why unregulated derivatives markets are dangerous and why it might happen again.

Frontline: The Warning

In a nutshell, back in 1996 the efforts to regulate the derivatives market were crushed by Alan Greenspan and his cohorts. Then shortly after that the market nearly collapsed due to nobody knowing the who/what/where. Banks scrambled to stop it and when it was over Greenspan called it an anomaly and the derivatives kept right on going, building up over $500 trillion put into the system. Then nearly 10 years to the day from the first near collapse, it all happened again last year but with worse consequences.

One revelation from this episode that really surprised me was that Alan Greenspan actually thought fraud "isn't a problem". He thought the market would take care of it. I think he's changed his mind on this to some degree (as he has about his entire "theory" on markets) but I'm sure there are millions of free market believers that haven't and are finding new ways to fuck us all in the ass and - as they put it - "take us to the cleaners".

If you still aren't sure why the markets almost imploded last year, there are a few Frontline programs that you can watch to fill in the blanks. Here they are in order of broadcast:

Frontline: Inside The Meltdown
Frontline: Ten Trillion And Counting
Frontline: Breaking The Bank

Just in case you didn't know, the derivatives market is STILL unregulated (Obama is trying to figure out how to regulate them but the market's lobbyists have stalled regulation). Like the boom/bust, boom/bust cycle before the Depression, unregulated Wall Street is perfectly fine making a few people insanely rich without any concern for the rest of us when it all goes tits up.

I still cannot fathom why free market people think the market will take care of itself when the evidence clearly shows that it isn't the case. Deji...I'm looking at you.

Sure...the market 'may' be able to right itself, but only after it's all burned to the ground and everyone's lost savings, pensions and jobs...and still the market won't learn from its mistakes or do any corrections from those mistakes. All it does is bury the problem deeper into "secret territory" and thinks we're all too stupid to understand. That's not righting itself...that's just arrogant greed.

Insanity: doing the same thing over and over again thinking you'll get a different result.

By 2017 the US dollar will be completely worthless.

the news is starting to say stuff like "the economy is coming back now" ad shit like that... I don't care, I'm just waiting for the first person to act releived and say they're so glad the economy is on the way back up. stupid fucking puppets

A discussion on this topic on BBC: Wall Street crash: Past and Present

The video is about 10 minutes long but very interesting. There's also a really important fact brought up in this discussion: the reason Wall Street and the Dow are back up past 10,000 and businesses are profiting again...is because they fired all their workers.

I don't trust Frontline. It's a public funded program that must be distrusted because it is outside of the competitive TV market. I also don't trust Arianna Huffington because she is a foreigner and has yet to get rid of her accent.

plus, being on pbs means it's a highly worthy show watched by ~3 people (+/-3 margin of error), and not made by rupert murdoch so probably communist

What Frontline fails to mention is that before Medicare part b(edit:d) most of the states had administered programs for SS recipiants meds that was federally funded. So its no big increase in spending. Also Frontline experts were mostly economists, didnt you try to dismiss the resident economist's opinion in the healthcare thread? Hypocrit!

Since this topic is aboot Amurrika and this is a gaming forum….

Today most successful western and modern games and gaming franchises are developed in the US. Developers such as Bungie, Insomniac, Epic, id, Infinity Ward, 2015, Raven, Naughty Dog, Blizzard, Valve and many others. It’s the environment.

Just remember when you buy MW2 next month you are buying from a developer that was created by a group from Oklahoma, redneck capital of the plains. As in indirectly created by rednecks, LOL. MW2 will fly off shelves around the world.

Now you devs that find it hard to break in to the largest economy in the world shouldn’t loathe the place. Its not their fault your projects are shit.

Over 50% of Oz devs are trying to enter the world’s fastest growing economy due to its vicinity. A rapidly reformed and growing economy is something to avoid at all costs. IP value is nill, piracy is most areas is rampant.

no dedicated servers...not sale...got it?...

not sure i i get it

wheres that old people dialouge converter agin?

XLer8er wrote:What Frontline fails to mention is that before Medicare part b(edit:d) most of the states had administered programs for SS recipiants meds that was federally funded. So its no big increase in spending. Also Frontline experts were mostly economists, didnt you try to dismiss the resident economist's opinion in the healthcare thread? Hypocrit!

Since this topic is aboot Amurrika and this is a gaming forum….

Today most successful western and modern games and gaming franchises are developed in the US. Developers such as Bungie, Insomniac, Epic, id, Infinity Ward, 2015, Raven, Naughty Dog, Blizzard, Valve and many others. It’s the environment.

Just remember when you buy MW2 next month you are buying from a developer that was created by a group from Oklahoma, redneck capital of the plains. As in indirectly created by rednecks, LOL. MW2 will fly off shelves around the world.

Now you devs that find it hard to break in to the largest economy in the world shouldn’t loathe the place. Its not their fault your projects are shit.

Over 50% of Oz devs are trying to enter the world’s fastest growing economy due to its vicinity. A rapidly reformed and growing economy is something to avoid at all costs. IP value is nill, piracy is most areas is rampant.

Wow...I've pissed off another "leave America alone" moron so bad they've made a ranting, completely senseless post simply to bitch at me while entirely forgetting to be coherent. Let's break this mess down:

XLer8er wrote:What Frontline fails to mention is that before Medicare part b(edit:d) most of the states had administered programs for SS recipiants meds that was federally funded. So its no big increase in spending. Also Frontline experts were mostly economists, didnt you try to dismiss the resident economist's opinion in the healthcare thread? Hypocrit!

I think you're posting this in the wrong thread...cause I can't make sense of why you'd bring up Medicare in an "unregulated derivatives caused the financial meltodown" thread. I mean...wtf? And I just now re-read all my posts in the Healthcare thread and nowhere in there did I dismiss (nor discuss) our resident economist's opinion. He didn't even post in that thread so where you're coming from (and why you'd post it here) I have no idea. All it does is make you look like an idiot.

And it's "hypocrite".

XLer8er wrote:Since this topic is aboot Amurrika and this is a gaming forum….

As I mentioned to shaft this thread is not about America at all...it's about unregulated derivatives markets being dangerous to market stability. This is a global phenomenon and not limited to any particular country. So, once again, you're just angry.

XLer8er wrote:Today most successful western and modern games and gaming franchises are developed in the US. Developers such as Bungie, Insomniac, Epic, id, Infinity Ward, 2015, Raven, Naughty Dog, Blizzard, Valve and many others. It’s the environment.

Just remember when you buy MW2 next month you are buying from a developer that was created by a group from Oklahoma, redneck capital of the plains. As in indirectly created by rednecks, LOL. MW2 will fly off shelves around the world.

lol

You're obviously not familiar with the fact that nearly 99% of all game studios have an international staff, regardless of where in the world they're located. It's not just "rednecks from Oklamhoma" but people from all over the globe working on MW2. Even Crytek Kiev - a new, very small studio - hires people that aren't from Kiev. I don't have to guess as I personally know the studio director and the foreign job prospects they've hired/will hire soon. The reason devs hire internationals (and why internationals are approved for work permits in foreign countries) is because the dev cannot always find local talent. You're ignorant as well as bitter.

I really don't see your point with any of this as the quality of a game has nearly nothing to do with where it was made but from the actual talent of the people working on it. I guess you equate "America" with higher quality or something...I really don't know.

XLer8er wrote:Now you devs that find it hard to break in to the largest economy in the world shouldn’t loathe the place. Its not their fault your projects are shit.

Wow. You think that every game developer is sitting at their desk in their home countries simply waiting for the phone to ring so they can move to the states? Your statement is laughable considering my current studio in Australia has about 20 Americans living and working here. Are they waiting to break into the biz in their own country while leaving it to work in other countries? Jesus.

And BTW it's not my fault (nor any other dev's fault) if they work on shit projects. They're professionals and do the job they've been hired to do regardless of how they personally feel about the project. That is what being professional means.

Another glaring fact you aren't aware of is that the majority of games produced in any given year aren't good or blockbusters. They're simply created to cash in on an existing IP that is/might be popular and utilize the existing marketing of that IP to help market their game. That's how studios live day to day so that one day they CAN get big and stable enough to work on the projects they want to. That's simply a fact and all your angry rantings won't change that.

And for me personally it doesn't matter what the project is. I'm doing my hobby for a living and playing games (for free) all day and get paid very well to do it. Sorry if that makes you angry.

XLer8er wrote:Over 50% of Oz devs are trying to enter the world’s fastest growing economy due to its vicinity. A rapidly reformed and growing economy is something to avoid at all costs. IP value is nill, piracy is most areas is rampant.

lol wut??

Oh. My. God.

It's quite obvious that you - whoever you are - found the first thread with my name next to it to come and unload on me all the bitterness and anger that I've caused you. What's really funny is that you had to do it behind an alt.

You'd be bitter and upset too if you lived in Columbus.

lol

I have no clue who this XLer8er fagg0t is but a quick read of his posts (there aren't that many) indicates he's an idiot that even the Americans on this board don't want to hear from. I mean...even Peenyuh called him a moron.

And yes....he seems to get extremely angry when people bash the US and - it seems - hates Canadians.

GONNAFISTYA wrote:

XLer8er wrote:What Frontline fails to mention is that before Medicare part b(edit:d) most of the states had administered programs for SS recipiants meds that was federally funded. So its no big increase in spending. Also Frontline experts were mostly economists, didnt you try to dismiss the resident economist's opinion in the healthcare thread? Hypocrit!

Since this topic is aboot Amurrika and this is a gaming forum….

Today most successful western and modern games and gaming franchises are developed in the US. Developers such as Bungie, Insomniac, Epic, id, Infinity Ward, 2015, Raven, Naughty Dog, Blizzard, Valve and many others. It’s the environment.

Just remember when you buy MW2 next month you are buying from a developer that was created by a group from Oklahoma, redneck capital of the plains. As in indirectly created by rednecks, LOL. MW2 will fly off shelves around the world.

Now you devs that find it hard to break in to the largest economy in the world shouldn’t loathe the place. Its not their fault your projects are shit.

Over 50% of Oz devs are trying to enter the world’s fastest growing economy due to its vicinity. A rapidly reformed and growing economy is something to avoid at all costs. IP value is nill, piracy is most areas is rampant.

Wow...I've pissed off another "leave America alone" moron so bad they've made a ranting, completely senseless post simply to bitch at me while entirely forgetting to be coherent. Let's break this mess down:

XLer8er wrote:What Frontline fails to mention is that before Medicare part b(edit:d) most of the states had administered programs for SS recipiants meds that was federally funded. So its no big increase in spending. Also Frontline experts were mostly economists, didnt you try to dismiss the resident economist's opinion in the healthcare thread? Hypocrit!

I think you're posting this in the wrong thread...cause I can't make sense of why you'd bring up Medicare in an "unregulated derivatives caused the financial meltodown" thread. I mean...wtf? And I just now re-read all my posts in the Healthcare thread and nowhere in there did I dismiss (nor discuss) our resident economist's opinion. He didn't even post in that thread so where you're coming from (and why you'd post it here) I have no idea. All it does is make you look like an idiot.

And it's "hypocrite".

XLer8er wrote:Since this topic is aboot Amurrika and this is a gaming forum….

As I mentioned to shaft this thread is not about America at all...it's about unregulated derivatives markets being dangerous to market stability. This is a global phenomenon and not limited to any particular country. So, once again, you're just angry.

XLer8er wrote:Today most successful western and modern games and gaming franchises are developed in the US. Developers such as Bungie, Insomniac, Epic, id, Infinity Ward, 2015, Raven, Naughty Dog, Blizzard, Valve and many others. It’s the environment.

Just remember when you buy MW2 next month you are buying from a developer that was created by a group from Oklahoma, redneck capital of the plains. As in indirectly created by rednecks, LOL. MW2 will fly off shelves around the world.

lol

You're obviously not familiar with the fact that nearly 99% of all game studios have an international staff, regardless of where in the world they're located. It's not just "rednecks from Oklamhoma" but people from all over the globe working on MW2. Even Crytek Kiev - a new, very small studio - hires people that aren't from Kiev. I don't have to guess as I personally know the studio director and the foreign job prospects they've hired/will hire soon. The reason devs hire internationals (and why internationals are approved for work permits in foreign countries) is because the dev cannot always find local talent. You're ignorant as well as bitter.

I really don't see your point with any of this as the quality of a game has nearly nothing to do with where it was made but from the actual talent of the people working on it. I guess you equate "America" with higher quality or something...I really don't know.

XLer8er wrote:Now you devs that find it hard to break in to the largest economy in the world shouldn’t loathe the place. Its not their fault your projects are shit.

Wow. You think that every game developer is sitting at their desk in their home countries simply waiting for the phone to ring so they can move to the states? Your statement is laughable considering my current studio in Australia has about 20 Americans living and working here. Are they waiting to break into the biz in their own country while leaving it to work in other countries? Jesus.

And BTW it's not my fault (nor any other dev's fault) if they work on shit projects. They're professionals and do the job they've been hired to do regardless of how they personally feel about the project. That is what being professional means.

Another glaring fact you aren't aware of is that the majority of games produced in any given year aren't good or blockbusters. They're simply created to cash in on an existing IP that is/might be popular and utilize the existing marketing of that IP to help market their game. That's how studios live day to day so that one day they CAN get big and stable enough to work on the projects they want to. That's simply a fact and all your angry rantings won't change that.

And for me personally it doesn't matter what the project is. I'm doing my hobby for a living and playing games (for free) all day and get paid very well to do it. Sorry if that makes you angry.

XLer8er wrote:Over 50% of Oz devs are trying to enter the world’s fastest growing economy due to its vicinity. A rapidly reformed and growing economy is something to avoid at all costs. IP value is nill, piracy is most areas is rampant.

lol wut??

Oh. My. God.

It's quite obvious that you - whoever you are - found the first thread with my name next to it to come and unload on me all the bitterness and anger that I've caused you. What's really funny is that you had to do it behind an alt.

Did you watch any of the videos you posted? In the “Frontline: Ten Trillion and Counting” it focuses on the fact that adding Medicare part d plays a major factor in doubling the national debt by 2017. I questioned Frontline’s whole credibility in them conveniently leaving out the fact that the programs existed before but not directly under the helm of the Federal Government.

Where did I say anywhere that these studios mentioned was not internationally staffed? IP whoring or not its still very successful. It’s the atmosphere and environment here that fosters it. R&D in all areas is the same way.

As for you trolling with uninformed US bashing, I got you back.

Any kind of regulation would be protectionism IMO. What needs to be done is people need to stop being greedy idiots. These people create these idiot markets to begin with. If I’m looking to buy any accounts with 29+% interest it would be a red flag. There is something wrong with that. Its like me responding to one of these spam emails that has a free Macbook Pro. Its too good to be true. In some sense they got what they deserved.

As for Columbus I suggest you look up the ip db instead of host name. Is it cold yet up there?

XLer8er wrote:Did you watch any of the videos you posted? In the “Frontline: Ten Trillion and Counting” it focuses on the fact that adding Medicare part d plays a major factor in doubling the national debt by 2017. I questioned Frontline’s whole credibility in them conveniently leaving out the fact that the programs existed before but not directly under the helm of the Federal Government.

Yes I watched the vids. I posted them here to simply to fill out the scope of what's going on of why the world is in such a financial mess...just for those who don't know. Call it "value added" if you like. It's not just about healthcare or any other sub-topic, it's about the "big picture" and how they're all connected. It's about understanding the big picture so we can move forward in a smarter way.

If you choose to focus on one specific thing from one specific episode which has nothing to do with the thread topic then I suggest you create your own thread to discuss it. Otherwise stfu you spastic retard.

And you didn't respond to what I said about me not dismissing "our resident economist" who didn't even post in the healthcare thread. I caught you in a lie and its really pathetic that you ignored it, but not surprising.

XLer8er wrote:Where did I say anywhere that these studios mentioned was not internationally staffed?

You listed a bunch of companies located in the US and acted like no good games come from anywhere else. It's quite obvious that your point was that "America kicks ass" and everyone is dying to move there or some crap. Backpedal much?

XLer8er wrote:IP whoring or not its still very successful. It’s the atmosphere and environment here that fosters it. R&D in all areas is the same way.

Who gives a fuck? That's not what were discussing. Your inability to form a coherent paragraph is indicative of A.D.D. as here you are again jumping all over the place so badly I've had to break up your paragraphs to deal with them...or even make sense of them.

XLer8er wrote:As for you trolling with uninformed US bashing, I got you back.

Huh? "Uniformed US bashing" is something I've never done nor is US bashing what this thread is about. How many times do you need me to say that? Besides, if I decide to do any America bashing it's always "well informed". And if you think your meandering ramblings are anything resembling a "come back" you're suffering from delusion and probably inhaling too much paint thinner.

XLer8er wrote:Any kind of regulation would be protectionism IMO. What needs to be done is people need to stop being greedy idiots.

lol...like that will ever happen.

XLer8er wrote:Any kind of regulation would be protectionism IMO. What needs to be done is people need to stop being greedy idiots. These people create these idiot markets to begin with. If I’m looking to buy any accounts with 29+% interest it would be a red flag. There is something wrong with that. Its like me responding to one of these spam emails that has a free Macbook Pro. Its too good to be true. In some sense they got what they deserved.

Whatever. Like I said, if you really need to go on a rant about interest rates and spam emails and how people who fall for them got what they deserved, feel free to create a thread about it.

XLer8er wrote:As for Columbus I suggest you look up the ip db instead of host name. Is it cold yet up there?

I wouldn't know as I'm not in Canada. I'm currently working on my tan and enjoying a beautiful warm spring day.

Besides...I don't think anyone really cares where you are. DM put out an easy troll that you fell for.

In all seriousness, I think you'd be happier if you went home and kicked your dog.