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re: If Obama wants socialism he must destroy the capital

Even if he does the resulting system is doomed to failure. Socialism works only when you have a population that doesn't know any different. That's not 21st Century America. The neat thing about capital is that it's the fruit, not the tree. Socialism is the other way around, it's the tree, not the fruit. Socialism feeds on other people's money. Capitalism is where that money comes from. Socialism is a luxury that can exist only as long as capitalism is supporting it.

Jeez, finally somebody who gets it - welcome to the club.

I've been posting the message below on every thread I find that trumpets a falling Dow as if it's some cruel indictment of Hussein:

The rest of the country likes socialism! Jeez, how long will people continue to deny this fact? He’s got a 65%+ approval rating - they want .gov to buy up the means of production (with your money by the way) so as to control income (jobs) and wealth.

From now on, every time I see one of these "Dow drops X" threads, I'm gonna post how much Treasuries have increased (ie yields have dropped):

"More and more investors are seeking the safety of U.S. government debt," said Kevin Giddis, managing director of fixed income for Morgan Keegan & Co. "Why? Why not? I mean, what else are you going to do with your money?"

GET A CLUE PEOPLE!

I've said it countless times: DC is going to show NYC hedge funds & SV venture funds how it's really done. They're gonna get a 10-20x banger with $trillions of free credit deployed.

You have to hand it to them, it really is a master stroke. Instead of the normally messy activities associated with nationalization/confiscation, like shooting people, gulags, etc, they're simply going to acquire the means of production by purchasing them!

Why everyone cheers the dropping Dow as if it's some indictment of Hussein is beyond me. It just shows how much smarter their team is than the pathetic roster of conservatives.

Btw, Denninger is the saddest creature of all. He was convinced Hussein was a reform candidate who would come in and prosecute corruption. Little did he know that Hussein tailored his H&C message perfectly in order to get into position so as to leverage a pre-existing corrupt government to further his communist agenda.