SteveCampsOut wrote: »What brush? It's a well known fact that the crash of 2008 was the Wall Street Banks and Stock Exchange's fault for shoddy financial dealings.
SteveCampsOut wrote: »What brush? It's a well known fact that the crash of 2008 was the Wall Street Banks and Stock Exchange's fault for shoddy financial dealings.
Actually, it was all financial markets globally.
The fundamental reason for it was 2 fold. One was the CDO's being mixed with good and bad debt (I say bad, sub prime horrors) and the banks loosing faith in each other where they stopped short term lending. This was a GLOBAL action, not just wall street.
More importantly, it was only a select number of people within each bank that were doing this. That's what I was getting at. A handful of people caused it to "get rich" and making a sweeping statement like "It was Wall Street and the Stock Exchange" is a tad naive imo.
SteveCampsOut wrote: »After what Wall Street did to our economy not so long ago, I'm surprised you would even dare to lay claim to such credentials, let alone think they prove something good about your knowledge of how to make a healthy economy!
Sure your brush is large enough to cover the whole of the financial markets industry?
SteveCampsOut wrote: »SteveCampsOut wrote: »What brush? It's a well known fact that the crash of 2008 was the Wall Street Banks and Stock Exchange's fault for shoddy financial dealings.
Actually, it was all financial markets globally.
The fundamental reason for it was 2 fold. One was the CDO's being mixed with good and bad debt (I say bad, sub prime horrors) and the banks loosing faith in each other where they stopped short term lending. This was a GLOBAL action, not just wall street.
More importantly, it was only a select number of people within each bank that were doing this. That's what I was getting at. A handful of people caused it to "get rich" and making a sweeping statement like "It was Wall Street and the Stock Exchange" is a tad naive imo.
Regardless of that, my point that he was part of the corrupt system which had a hand in the crash, not knowing if he was or wasn't a part of the deceptions involved, still doesn't lend itself to giving me or anyone else confidence in his grasp of what makes an economy work. Coupled with his derogatory remarks about socialism and the fact that he's using it to bolster his stance on the economy of a video game really knocks his credibility out of the game for me personally. Anything else you want to add is likely going to just be political at this point and will probably get both our comments deleted.
pugyourself wrote: »SteveCampsOut wrote: »SteveCampsOut wrote: »What brush? It's a well known fact that the crash of 2008 was the Wall Street Banks and Stock Exchange's fault for shoddy financial dealings.
Actually, it was all financial markets globally.
The fundamental reason for it was 2 fold. One was the CDO's being mixed with good and bad debt (I say bad, sub prime horrors) and the banks loosing faith in each other where they stopped short term lending. This was a GLOBAL action, not just wall street.
More importantly, it was only a select number of people within each bank that were doing this. That's what I was getting at. A handful of people caused it to "get rich" and making a sweeping statement like "It was Wall Street and the Stock Exchange" is a tad naive imo.
Regardless of that, my point that he was part of the corrupt system which had a hand in the crash, not knowing if he was or wasn't a part of the deceptions involved, still doesn't lend itself to giving me or anyone else confidence in his grasp of what makes an economy work. Coupled with his derogatory remarks about socialism and the fact that he's using it to bolster his stance on the economy of a video game really knocks his credibility out of the game for me personally. Anything else you want to add is likely going to just be political at this point and will probably get both our comments deleted.
Would a socialist economy be fun for you here? Maybe we should abandon trading altogether and login monthly to collect our alloted ZOS rubles. Then we can wait in line for 8 hours to feed our horse only to find that it's no longer our horse and has been ground up to feed the masses. Sounds fun.
Oh wow, this poll again. I haven't seen it in at least... two weeks.
SteveCampsOut wrote: »pugyourself wrote: »SteveCampsOut wrote: »SteveCampsOut wrote: »What brush? It's a well known fact that the crash of 2008 was the Wall Street Banks and Stock Exchange's fault for shoddy financial dealings.
Actually, it was all financial markets globally.
The fundamental reason for it was 2 fold. One was the CDO's being mixed with good and bad debt (I say bad, sub prime horrors) and the banks loosing faith in each other where they stopped short term lending. This was a GLOBAL action, not just wall street.
More importantly, it was only a select number of people within each bank that were doing this. That's what I was getting at. A handful of people caused it to "get rich" and making a sweeping statement like "It was Wall Street and the Stock Exchange" is a tad naive imo.
Regardless of that, my point that he was part of the corrupt system which had a hand in the crash, not knowing if he was or wasn't a part of the deceptions involved, still doesn't lend itself to giving me or anyone else confidence in his grasp of what makes an economy work. Coupled with his derogatory remarks about socialism and the fact that he's using it to bolster his stance on the economy of a video game really knocks his credibility out of the game for me personally. Anything else you want to add is likely going to just be political at this point and will probably get both our comments deleted.
Would a socialist economy be fun for you here? Maybe we should abandon trading altogether and login monthly to collect our alloted ZOS rubles. Then we can wait in line for 8 hours to feed our horse only to find that it's no longer our horse and has been ground up to feed the masses. Sounds fun.
You know, you really don't win any arguments against socialism when you live in a country which benefits from it from Social Security and Medicare to that evil thing we all must buy called "Insurance" which is based on a socialistic core of the many pay for the one! For every 1 Insurance claim that is made by a customer, there are thousands paying into the system who make no claims and receive no benefit! And that is also a Capitalist Dream my friend!
Try comparing apples with apples next time. I already do log in to Crowns and having to join a trade guild in order to sell to any kind of mass market while I'm AFK or outside the game. Trade guilds aren't just capitalistic here in ESO. They also only win those MulltiMillion Gold bids because they are supported by members who play raffles in the hopes of winning it big while 99.999% of those who play receive no compensation other than a kiosk if the bid isn't beaten. That is socialistic at it's core as well. It takes money from the many to buy one kiosk to benefit the guild society!
SteveCampsOut wrote: »SteveCampsOut wrote: »After what Wall Street did to our economy not so long ago, I'm surprised you would even dare to lay claim to such credentials, let alone think they prove something good about your knowledge of how to make a healthy economy!
Sure your brush is large enough to cover the whole of the financial markets industry?
What brush? It's a well known fact that the crash of 2008 was the Wall Street Banks and Stock Exchange's fault for shoddy financial dealings.
MercyKilling wrote: »Cannot stand it. And, as of today's ESO live, there was yet another resounding "no" to global auction houses. Guess this means I sell everything to the ingame vendors and screw the other players. It also means no money from my wallet. GG, Zenimax.
Psychobunni wrote: »MercyKilling wrote: »Cannot stand it. And, as of today's ESO live, there was yet another resounding "no" to global auction houses. Guess this means I sell everything to the ingame vendors and screw the other players. It also means no money from my wallet. GG, Zenimax.
As of. Just means "yell louder." I mean its not like they haven't implemented/done anything they said they wouldn't.
I'd like to see the exact wording of what was said in ESO Live, in context, but so long as the present system excludes many players from participating adequately in trading whether as sellers or as buyers then the issue will not go away. That must be pretty clear to everyone, players and developers alike, after the constant discussions about it over the past 12 months and which have shown no signs of abating.
Most defenders of the present system recognise the need for some changes to be made to it, as reflected in this poll, and I believe that most critics of it would accept the present system being improved to overcome the main problems with it rather than a complete change to an auction house.
I'd like to see the exact wording of what was said in ESO Live, in context, but so long as the present system excludes many players from participating adequately in trading whether as sellers or as buyers then the issue will not go away. That must be pretty clear to everyone, players and developers alike, after the constant discussions about it over the past 12 months and which have shown no signs of abating.
Gandrhulf_Harbard wrote: »I think it is appalling.
The very worst subsystem of any MMO I have played over the last decade.
It needs to be fully inclusive, so any player can list to sell or buy at any point in the game regardless of level, faction, zone access etc.
You know, a genuine free market.
pugyourself wrote: »Most defenders of the present system recognise the need for some changes to be made to it, as reflected in this poll, and I believe that most critics of it would accept the present system being improved to overcome the main problems with it rather than a complete change to an auction house.
I'd like to see the exact wording of what was said in ESO Live, in context, but so long as the present system excludes many players from participating adequately in trading whether as sellers or as buyers then the issue will not go away. That must be pretty clear to everyone, players and developers alike, after the constant discussions about it over the past 12 months and which have shown no signs of abating.
But how does it actually exclude players? Other than the fact that some players don't "want" to join or start a guild?
MercyKilling wrote: »I'd like to see the exact wording of what was said in ESO Live, in context, but so long as the present system excludes many players from participating adequately in trading whether as sellers or as buyers then the issue will not go away. That must be pretty clear to everyone, players and developers alike, after the constant discussions about it over the past 12 months and which have shown no signs of abating.
Here is the link to the past broadcast. The actual broadcast starts at 19:45 and the actual statement about auction houses runs from 32:23 to 32:46. They gave it a whole twenty three seconds.
http://www.twitch.tv/zenimaxonlinestudios/v/4015131
pugyourself wrote: »I end up doing quests and fights through Vet 1 to have enough skill points to level my crafting.