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	<title>
	Comments on: Debt Generation Web Site	</title>
	<atom:link href="https://www.golemxiv.co.uk/2010/10/debt-generation-web-site/feed/" rel="self" type="application/rss+xml" />
	<link>https://www.golemxiv.co.uk/2010/10/debt-generation-web-site/</link>
	<description>Author of THE DEBT GENERATION</description>
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		<title>
		By: 24K		</title>
		<link>https://www.golemxiv.co.uk/2010/10/debt-generation-web-site/#comment-1203</link>

		<dc:creator><![CDATA[24K]]></dc:creator>
		<pubDate>Sat, 16 Oct 2010 22:40:25 +0000</pubDate>
		<guid isPermaLink="false">http://www.golemxiv.co.uk/2010/10/debt-generation-web-site/#comment-1203</guid>

					<description><![CDATA[Trouble is Rich, they have their human servants who stop you getting close enough to ram them into their hearts.&lt;br /&gt;&lt;br /&gt;Maybe we can get a priest to bless their bolly.&lt;br /&gt;&lt;br /&gt;That&#039;d give &#039;em fresh breath.]]></description>
			<content:encoded><![CDATA[<p>Trouble is Rich, they have their human servants who stop you getting close enough to ram them into their hearts.</p>
<p>Maybe we can get a priest to bless their bolly.</p>
<p>That&#39;d give &#39;em fresh breath.</p>
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		<title>
		By: Golem XIV - Thoughts		</title>
		<link>https://www.golemxiv.co.uk/2010/10/debt-generation-web-site/#comment-1202</link>

		<dc:creator><![CDATA[Golem XIV - Thoughts]]></dc:creator>
		<pubDate>Sat, 16 Oct 2010 19:08:09 +0000</pubDate>
		<guid isPermaLink="false">http://www.golemxiv.co.uk/2010/10/debt-generation-web-site/#comment-1202</guid>

					<description><![CDATA[Not enough stakes to go round would be a great problem to have though.]]></description>
			<content:encoded><![CDATA[<p>Not enough stakes to go round would be a great problem to have though.</p>
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		<title>
		By: 24K		</title>
		<link>https://www.golemxiv.co.uk/2010/10/debt-generation-web-site/#comment-1200</link>

		<dc:creator><![CDATA[24K]]></dc:creator>
		<pubDate>Sat, 16 Oct 2010 18:41:43 +0000</pubDate>
		<guid isPermaLink="false">http://www.golemxiv.co.uk/2010/10/debt-generation-web-site/#comment-1200</guid>

					<description><![CDATA[Yeah, but we need enough for a BIG army]]></description>
			<content:encoded><![CDATA[<p>Yeah, but we need enough for a BIG army</p>
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		<title>
		By: Golem XIV - Thoughts		</title>
		<link>https://www.golemxiv.co.uk/2010/10/debt-generation-web-site/#comment-1198</link>

		<dc:creator><![CDATA[Golem XIV - Thoughts]]></dc:creator>
		<pubDate>Sat, 16 Oct 2010 16:04:18 +0000</pubDate>
		<guid isPermaLink="false">http://www.golemxiv.co.uk/2010/10/debt-generation-web-site/#comment-1198</guid>

					<description><![CDATA[Got enough for a small army.]]></description>
			<content:encoded><![CDATA[<p>Got enough for a small army.</p>
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		<title>
		By: RichGB		</title>
		<link>https://www.golemxiv.co.uk/2010/10/debt-generation-web-site/#comment-1197</link>

		<dc:creator><![CDATA[RichGB]]></dc:creator>
		<pubDate>Sat, 16 Oct 2010 15:47:47 +0000</pubDate>
		<guid isPermaLink="false">http://www.golemxiv.co.uk/2010/10/debt-generation-web-site/#comment-1197</guid>

					<description><![CDATA[Hi 24K&lt;br /&gt;&lt;br /&gt;Let&#039;s hope we don&#039;t run out of wooden stakes. I bet Golem is hoarding a few.]]></description>
			<content:encoded><![CDATA[<p>Hi 24K</p>
<p>Let&#39;s hope we don&#39;t run out of wooden stakes. I bet Golem is hoarding a few.</p>
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		<title>
		By: 24K		</title>
		<link>https://www.golemxiv.co.uk/2010/10/debt-generation-web-site/#comment-1196</link>

		<dc:creator><![CDATA[24K]]></dc:creator>
		<pubDate>Sat, 16 Oct 2010 14:17:36 +0000</pubDate>
		<guid isPermaLink="false">http://www.golemxiv.co.uk/2010/10/debt-generation-web-site/#comment-1196</guid>

					<description><![CDATA[http://www.bloomberg.com/news/2010-10-15/former-countrywide-officials-mozilo-sieracki-sambol-to-settle-sec-claims.html&lt;br /&gt;&lt;br /&gt;“Mozilo’s record penalty is the fitting outcome for a corporate executive who deliberately disregarded his duties to investors by concealing what he saw from inside the executive suite, a looming disaster in which Countrywide was buckling under the weight of increasing risky mortgage underwriting, mounting defaults and delinquencies, and a deteriorating business model,” Robert Khuzami, director of the SEC’s enforcement division, said in the statement. &lt;br /&gt;&lt;br /&gt;Getting away with it is a fitting outcome?&lt;br /&gt;&lt;br /&gt;Being made homeless in the middle of winter is a fitting outcome.&lt;br /&gt;&lt;br /&gt;I wish i was a banker.]]></description>
			<content:encoded><![CDATA[<p><a href="http://www.bloomberg.com/news/2010-10-15/former-countrywide-officials-mozilo-sieracki-sambol-to-settle-sec-claims.html" rel="nofollow ugc">http://www.bloomberg.com/news/2010-10-15/former-countrywide-officials-mozilo-sieracki-sambol-to-settle-sec-claims.html</a></p>
<p>“Mozilo’s record penalty is the fitting outcome for a corporate executive who deliberately disregarded his duties to investors by concealing what he saw from inside the executive suite, a looming disaster in which Countrywide was buckling under the weight of increasing risky mortgage underwriting, mounting defaults and delinquencies, and a deteriorating business model,” Robert Khuzami, director of the SEC’s enforcement division, said in the statement. </p>
<p>Getting away with it is a fitting outcome?</p>
<p>Being made homeless in the middle of winter is a fitting outcome.</p>
<p>I wish i was a banker.</p>
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		<title>
		By: ianu		</title>
		<link>https://www.golemxiv.co.uk/2010/10/debt-generation-web-site/#comment-1192</link>

		<dc:creator><![CDATA[ianu]]></dc:creator>
		<pubDate>Sat, 16 Oct 2010 11:41:43 +0000</pubDate>
		<guid isPermaLink="false">http://www.golemxiv.co.uk/2010/10/debt-generation-web-site/#comment-1192</guid>

					<description><![CDATA[Nice site, simple, uncluttered. Congratulations!&lt;br /&gt;&lt;br /&gt;Good to get a platform on social media too, lets see if some momentum can be built.]]></description>
			<content:encoded><![CDATA[<p>Nice site, simple, uncluttered. Congratulations!</p>
<p>Good to get a platform on social media too, lets see if some momentum can be built.</p>
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		<title>
		By: Golem XIV - Thoughts		</title>
		<link>https://www.golemxiv.co.uk/2010/10/debt-generation-web-site/#comment-1191</link>

		<dc:creator><![CDATA[Golem XIV - Thoughts]]></dc:creator>
		<pubDate>Sat, 16 Oct 2010 10:49:11 +0000</pubDate>
		<guid isPermaLink="false">http://www.golemxiv.co.uk/2010/10/debt-generation-web-site/#comment-1191</guid>

					<description><![CDATA[Thanks for the feedback oin the site Rich.&lt;br /&gt;&lt;br /&gt;Great if we can meet up.  I&#039;ll look forward to it.]]></description>
			<content:encoded><![CDATA[<p>Thanks for the feedback oin the site Rich.</p>
<p>Great if we can meet up.  I&#39;ll look forward to it.</p>
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		<title>
		By: RichGB		</title>
		<link>https://www.golemxiv.co.uk/2010/10/debt-generation-web-site/#comment-1190</link>

		<dc:creator><![CDATA[RichGB]]></dc:creator>
		<pubDate>Sat, 16 Oct 2010 10:41:25 +0000</pubDate>
		<guid isPermaLink="false">http://www.golemxiv.co.uk/2010/10/debt-generation-web-site/#comment-1190</guid>

					<description><![CDATA[Hi Golem&lt;br /&gt;&lt;br /&gt;I love the website. It is stylish, well designed and performs well using Internet Explorer, Safari, Google Chrome and Firefox. The audio sounds ok on my low fidelity headphones.&lt;br /&gt;&lt;br /&gt;Being a big fan of BBC4, I remember watching the Mathematics of Chaos, but hadn&#039;t remembered its title. I am really pleased you&#039;re associated with this quality documentary.&lt;br /&gt;&lt;br /&gt;I&#039;ve just ordered some copies of your book and can&#039;t wait to read the full version.&lt;br /&gt;&lt;br /&gt;I will try to join the groupies in Lancaster - workload permitting.]]></description>
			<content:encoded><![CDATA[<p>Hi Golem</p>
<p>I love the website. It is stylish, well designed and performs well using Internet Explorer, Safari, Google Chrome and Firefox. The audio sounds ok on my low fidelity headphones.</p>
<p>Being a big fan of BBC4, I remember watching the Mathematics of Chaos, but hadn&#39;t remembered its title. I am really pleased you&#39;re associated with this quality documentary.</p>
<p>I&#39;ve just ordered some copies of your book and can&#39;t wait to read the full version.</p>
<p>I will try to join the groupies in Lancaster &#8211; workload permitting.</p>
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		<title>
		By: Golem XIV - Thoughts		</title>
		<link>https://www.golemxiv.co.uk/2010/10/debt-generation-web-site/#comment-1189</link>

		<dc:creator><![CDATA[Golem XIV - Thoughts]]></dc:creator>
		<pubDate>Sat, 16 Oct 2010 08:22:43 +0000</pubDate>
		<guid isPermaLink="false">http://www.golemxiv.co.uk/2010/10/debt-generation-web-site/#comment-1189</guid>

					<description><![CDATA[Unclear,&lt;br /&gt;&lt;br /&gt;my thinking about the cuts is first and foremost that we are presented with a false either/or decision about the nation&#039;s debts. We are told either we make cuts to public spending  Or we continue to borrow and print.&lt;br /&gt;&lt;br /&gt;I think it is true, we cannot go on borrowing because it will increase our borrowing costs to a point where we endanger our sovereignty. Therefore I am in favour of cutting our debts and our spending.&lt;br /&gt;&lt;br /&gt;I reject as a lie the notion that the only and necessary place for cuts to fall is upon public spending.&lt;br /&gt;&lt;br /&gt;If we want to cut our national debt then cut the  TRILLION pounds being used to keep afloat moribund banks.  THAT option has been purposefully left out entirely from our political discussion.  We could start to withdraw support, put back bonds aquired form the banks and make them mark to market on a strict schedule. If and when they went under we  could &#039;aquire&#039; their assets and add their value to the public purse. &lt;br /&gt;&lt;br /&gt;To be more specific about cuts to public spending.  I think there are areas of public spending that should be looked at carefully.  Pubic spending is not sacrosanct nor open ended.&lt;br /&gt;&lt;br /&gt;I am also very much in favour of governments of all stripes being honest about the longer term un-funded obligations that have, for a generation been swept under the carpet - Pensions being foremost.&lt;br /&gt;&lt;br /&gt;NOT just public pensions.  The lies and insolvency are right across public and corporate.  It is a party political mess each party has had a hand in compounding.&lt;br /&gt;&lt;br /&gt;Thus I am &#039;against&#039; the &#039;cuts regime&#039; as it currenty exists.  I see it as political opportunism.  The Tory right and LibDem mini-me Right have always wanted to burn the welfare state.  They have never been given a mandate through the ballot box.  This, they clearly see, is their chance to achieve in the name of a finanacial &#039;crisis&#039; what they could not achieve democratically.&lt;br /&gt;&lt;br /&gt;What none of our pussilanimous leaders will do is admit that the reason our borrowing is at the levels it is, is due to borrowing and spending on banks in only two years, several times the level of debts we had accumulated over decades prior to the bankers crisis.&lt;br /&gt;&lt;br /&gt;There is a debt crisis.  The banks caused our debts to ballon not public or welfare spending.]]></description>
			<content:encoded><![CDATA[<p>Unclear,</p>
<p>my thinking about the cuts is first and foremost that we are presented with a false either/or decision about the nation&#39;s debts. We are told either we make cuts to public spending  Or we continue to borrow and print.</p>
<p>I think it is true, we cannot go on borrowing because it will increase our borrowing costs to a point where we endanger our sovereignty. Therefore I am in favour of cutting our debts and our spending.</p>
<p>I reject as a lie the notion that the only and necessary place for cuts to fall is upon public spending.</p>
<p>If we want to cut our national debt then cut the  TRILLION pounds being used to keep afloat moribund banks.  THAT option has been purposefully left out entirely from our political discussion.  We could start to withdraw support, put back bonds aquired form the banks and make them mark to market on a strict schedule. If and when they went under we  could &#39;aquire&#39; their assets and add their value to the public purse. </p>
<p>To be more specific about cuts to public spending.  I think there are areas of public spending that should be looked at carefully.  Pubic spending is not sacrosanct nor open ended.</p>
<p>I am also very much in favour of governments of all stripes being honest about the longer term un-funded obligations that have, for a generation been swept under the carpet &#8211; Pensions being foremost.</p>
<p>NOT just public pensions.  The lies and insolvency are right across public and corporate.  It is a party political mess each party has had a hand in compounding.</p>
<p>Thus I am &#39;against&#39; the &#39;cuts regime&#39; as it currenty exists.  I see it as political opportunism.  The Tory right and LibDem mini-me Right have always wanted to burn the welfare state.  They have never been given a mandate through the ballot box.  This, they clearly see, is their chance to achieve in the name of a finanacial &#39;crisis&#39; what they could not achieve democratically.</p>
<p>What none of our pussilanimous leaders will do is admit that the reason our borrowing is at the levels it is, is due to borrowing and spending on banks in only two years, several times the level of debts we had accumulated over decades prior to the bankers crisis.</p>
<p>There is a debt crisis.  The banks caused our debts to ballon not public or welfare spending.</p>
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