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Rob Garbin's Blog

I started out by just testing the waters of what I wanted to say in this blog. I found it nice to get feedback on my thoughts and ideas. Now; however, I find it to be a place where I can vent the ideas that constantly plague me when I view what is going on in the world. At times I know I sound like a pundant, but I feel that I do try to take a more sensible look at the world, which I hope I am able to express here. In addition, I hope to find more to talk about than the politics of the world. We'll see.

  1. Confidence and Delusion III

    by , January 12th, 2012 at 10:22 PM (Rob Garbin's Blog)
    Freedom and Obligation:

    In this section I plan to look into the issue of risk in our economic system. Risk in our economy has similar traits to that of debt. Persons in positions of influence and knowledge are able to push the dangers of the risks they create onto others who may or may not understand the dangers involved. To begin with, let us look at some basics. Every business venture carries a level of risk with it. A person opening a convenience store takes the risk that ...
  2. Confidence and Delusion Part II

    by , December 31st, 2011 at 01:05 PM (Rob Garbin's Blog)
    A sad facet of the debt based economy we have created is the ability to buy and sell debt to other parties. Again, this was a program created to help sell more products by having investors with money buy debt off the books of banks at a discount rate in hopes of making a profit off the remaining interest paid on the debt. The banks get more money to lend along with some of the profit and the investor gets the difference in profit from what they paid the bank and the total repayment of the debt ...
  3. This is our country!

    by , November 23rd, 2011 at 09:35 PM (Rob Garbin's Blog)
    I happened to catch a news bit on the Penn State scandal where it was said that one of the children who came forward was being bullied in school for getting Joe Paterno fired. The bullying was so bad that he had to be taken out of school. This is a horrible state of affairs, which is reflected so well in the overall culture of our country.

    Taking out your anger on the victim who blew the whistle, at great risk to himself, because you are mad at them for destroying your illusions ...

    Updated November 27th, 2011 at 06:44 PM by Gkarlives (Darn typos!)

  4. More questions the 99% should demand answers for

    by , November 23rd, 2011 at 06:28 AM (Rob Garbin's Blog)
    If the Republican led congress is so focused on debt reduction, why are they not proposing equal cuts in their own entitlements such as their own medical coverage? If they want people to take them seriously, they should be willing to give up all of their benefits and live like the people they don't beleive deserve benefits.

    Why should tax payers foot the bill when they are getting paid so well and getting help from their rich backers? Why not demand that their medical benefits be ...

    Updated November 23rd, 2011 at 06:31 AM by Gkarlives

  5. Questions the 99% should demand answers for

    by , November 14th, 2011 at 09:24 PM (Rob Garbin's Blog)
    1. Given the almost 4 years since Wall Street's meltdown, how far have the banks gotten in the unraveling of the derivatives and the mortgages they were based on?

    2. Given the current profitable conditions of the Wall Street Banks, how much attention is being given to cleaning up the derivatives mess and how much effort is being made to ease the burden on the original mortgage borrowers.

    3. If I am correct, most or all of the tarp money has been repaid by the banks. ...

    Updated November 15th, 2011 at 04:36 PM by Gkarlives