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    • Mon, Mar 12, 2012 - 12:38am

      #13
      Davos

      Davos

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      safewrite wrote:Davos is my

    safewrite wrote:

    Davos is my new hero for using the phrase “weapon of mass dumbification.” Oh, yes.

    thx, I stole it from a commenter on one of my articles 0hedge ran 🙂

    • Sun, Mar 11, 2012 - 09:15pm

      #191
      Davos

      Davos

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      The Deflation Argument—there is none!

     The Deflation Argument—there is none!

    • Sun, Mar 11, 2012 - 09:12pm

      #4
      Davos

      Davos

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      ps

     I like to beat dead horses, what I’m driving at here is 54% employment these kids are going to get smart fast and not take on debt.  Living in dad’s basement with debt is worse than living in mom’s basement without debt.

    How much difficulty are borrowers having paying back their debts? Of the 37 million borrowers who have outstanding student loan balances as of third-quarter 2011, 14.4 percent, or about 5.4 million borrowers, have at least one past due student loan account.~Source

     

    StudentLoans1

    StudentLoans2StudentLoans3StudentLoans4

    • Sun, Mar 11, 2012 - 06:47pm

      #3
      Davos

      Davos

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      Where are we on the housing map of prices?

    Where are we on the housing map of prices?

    I boast about making 6 figures on RE in 90 days—what I neglect to mention is the 12 months of mentoring I got from one of the area’s most successful CREI’s.  What I learned is that you make your money buying when you sell.  In other words, if you don’t steal it on the buy don’t bother.

    With FC’s and short sales you can buy right.  But I’m seeing that chart in the 50s until hyperinflation kicks in, and who knows if that’ll be next week or 2 years from now?

    Another thing: Inventory.  We have 12% of homes vacant.  30% of FY2-6 buyers were subprime—they’re gone.

    § 

    Also, you mention renting to school kids.  You might read up some on college being the next bubble. Fully 55% of those aged 18-24 (and 4% of 25-34 year olds) say young adults are having the toughest time in today’s economy. 

    § 

    A quarter of adults aged 18 to 34 (24%) say that, due to economic conditions, they have moved back in with their parents in recent years after living on their own. 

     

    Also you have the entire Linda Green thing and who knows how foreclosures are going to wind up later on down the road.  In other words: Are you going to retain title?

    Hope that helps.

    • Sun, Mar 11, 2012 - 03:58pm

      #7
      Davos

      Davos

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      Doug wrote:Davos mentioned

    Doug wrote:

    Davos mentioned Richard Branson as one who did not complete HS.  I saw an interview with him in which the interviewer asked him about not finishing HS.  He appeared to ponder the question for a few seconds and said (paraphrasing) I don’t believe I know a successful entrepreneur who graduated high school.

    I’ve thought about that a lot since first hearing it.

    Doug

    Before I go off—again—let me just underscore what Steve said, if you write like I do you’ll be called a moron.  

    And, RNcarl states that school doesn’t teach you it gives you the ability to learn.  I agree it doesn’t teach you.  That said, when I was trying to wrap my mind around OOP I broke down and “dropped in” (audited) a class at the community college.  The first 2 I walked out on—after telling the professors they were very good at coding and smart but my dog could teach better.  The third was the proverbial charm.  A guy who was older than dirt and learned how to program on punch cards.  He knew computers so well—-and he could teach.  Frankly if every teacher was like him I’d have stayed in school in the 80s.  School could teach you how to think—if they hired good teachers and not momos.  That guy could impart how to solve a thinking problem (an algorythm).

    Also, flight school was cr#p in the classroom.  Bernoulli’s law is what I was taught and later taught others makes lift.  It isn’t.  I paid about $40K and did it the “vocational” way, some kids I later flew with got out of fine schools like UND or Perdue, Dowlling, and one in New Hampshire that went bust, many were carying $90K in student debt—-all taught the same bee-s.

    Funny, I just put down the Jobs book and picked up the Branson book.  The first was better.  I relate well to Jobs’s binary thinking where everything is 0 or 1, there are no decimals in between.  “People are either gods or $hi#heads.”  “Products are either great or cr#p”.  I think what Branson was saying is the structure of school is a weapon of mass dumbification.  It kills common sense and takes creativity along with it.

    There are some incredibly smart people (gods) with education that have maintained common sense.  CM, Dr. Al, Jim P, Jim Quinn…  And then there are some $h#%*#@^ds: 

     

    The “Leadership” 5%

    “Our high priest and priestesses of money are in danger of being revealed as powerless frauds”~Chris Martenson & Charles Eisenstein

    Ben S. Bernanke

    Education: Harvard Bachelor of Arts in economics, roomed with CEO of Goldman Sachs-”Doing God’s Work”-Blankfein,  PdD economics MIT.

    Employment: Visiting professor at NYU, Tenured Princeton Economics Professor, Board of Governors Federal Reserve System 2002-2005, Chairman of Bush’s Council of Economic Advisers, Chairman of the Fed 2006-present.

    Failures: Helped blow the biggest bubble in economic history, the bubble that has decimated the economy and tossed us into the Second Great Depression.  Failed to regulate the banks with regard to derivatives.  Lied that housing wasn’t in a bubble, lied that  housing prices had never have fallen on a nationwide basis (2005), then laughed about the impending bubble at the December 2005 FOMC meeting.  Lied and continues to lie about inflation (it is 11% not 2.2%), lies about unemployment being 8-9% when it is 23%.  Worst of all he is leading us over the financial repression cliff, which wont work this time.  Ninety-nine percent of all the countries are, for the first time in history—all broke at the same point and time.

    Bottom line: The Fed has 2 mandates, maximum employment and stable prices.  Unemployment is 23% and inflation is running at 11% a year.  It is obvious that Bernanke’s mandate is to support his Harvard roommate and the member banks that own the Fed, link.

    His biggest failure: His inability to acknowledge we’re in the Second Great Depression.  His inability and and failure to correct the total and absolute insolvency of the banks and the country by implementing an overt and immediate currency revaluation backed to gold.  With 7 billion people on the planet our economy can not be modeled on that of limited resources mined and sold to pay the always expanding interest on money the banksters loan into existence.  Money must be anchored.  Exponential with limited resources doesn’t equate.  Anyone who taught themselves Calculus is smart enough to know this and has to be a psychopath to continue herding sheeple towards the economic cliff.

    Alan Greenspan

    Education: Julliard School.  Hitler taught us the world needs more artists, even if their art sucks.  N.Y.U. B.S. economics, M.A. economics, dropped out of Columbia (to follow Burns to DC to learn how to chase power and powerful positions). PhD N.Y.U.  His NYU dissertation—removed upon his request when in 1987 he became Chairman of the Fed.  One copy remains out there and it includes a discussion of soaring housing prices and their positive effect on consumer spending. It even anticipates a housing bubble and collapse.  He noted that homeowners were refinancing for larger amounts than their original mortgages, monetizing their appreciation and then spending the excess cash on goods and services.  Economists had missed this trend.  He also wrote in his now secret dissertation,

    “There is no perpetual motion machine which generates an ever-rising path for the prices of homes.” …”break in prices of existing homes would pull down the prices of new homes to the level of construction costs or below, inducing a sharp contraction in building.”

    In his 1966 Objectivist article “Gold and Economic Freedom”, which stated (link),

    “In the absence of a gold standard, there is no way to protect savings from confiscation through inflation.”

    Which makes it clear that he knew what was going to happen when created massive inflation as we saw in the housing bubble.  In the 2000s he signed the original article and told Congressman Dr. Ron Paul that he still believed in everything in it.  Greenspan is, without a doubt an economic terrorist.

    Employment: Worked for Dr. Marc Faber who had to re-write Greenspan’s crap, Faber later said Greenspan should have never been Chairman of the Board of Governors Federal Reserve System, which he was from 1987-2006.  From Sheehan’s fantastic book, “Panderer to Power: The Untold Story of How Alan Greenspan Enriched Wall Street and Left a Legacy of Recession”

    Mark Faber, Hong-based investor and author of the monthly Gloom, Boom & Doom Report, could see far enough ahead to move to Asia in the 1970s.  He remembers his meetings with Alan Greenspan (when Faber still worked in New York): I was put in charge of research liaison for White, Weld’s overseas offices…My job entailed…attending the monthly economic presentations [by Alan Greenspan]…When Mr. Greenspan first came on board at White, Weld as a consultant, 30 or 40 people from the firm’s various departments would attend the meetings.  Within a few months, however, attendance had dropped to just a handful of White, Weld employees.  By then I had also learned that the easiest way for me to communicate the (to me) incomprehensible remarks of [Greenspan] to our overseas offices was smply to summarize the previous day’s news from the front page of the Wall Street Journal”.

    Failures & Collateral Damage: Flooded the world with dollars during the Asian financial crisis of 1997-1998 which contributed to the two biggest bubbles in the world, the Dot-Com bubble and the Housing bubble.  Muzzled Brooksley Born (who headed the CFTC from 1996-1999) when she wanted the CFTC to regulate derivatives before they became a household word, admitted to Congress in October 2008 that his free-market ideology shunning regulation was flawed, this after his dissertation lambasted the Fed for allowing any one psychopath to have too much control of the monetary system.  Ramrodded the Gramm-Leach Bliley Act (1999) wich obliterated the Glass-Steagall Act put in place after the last depression to prevent banks from gambling deposits on risky investments. Link.

     

     

     

    Larry-”I Lost $1,800,000,000.00 for Harvard Betting on Derivatives”-Summers:  He’s got some other serious claims to fame, Obama is considering him for the top post at the World Bank, he helped Alan Greenspan muzzle Brooksley Born and fell asleep at White House Economic meetings during this, our Second Great Depression.Link.

    Bestand:Joe Biden - World Economic Forum Annual Meeting Davos 2005 Portrait.jpgOur “Administration” who admits that the Obama Administration asked Jon Corzine for Economic Advice. Why not Madoff?:  Right after Obama & Biden got in the White house these economic imbeciles faced with a financial crisis called—drum roll please—MF Global’s Jon-”I Bet My Clients’ Money on Greece”-Corzine for advice on what do do.  You can watch the short YouTube video here.  

     

    While Clinton went with Rubin who was an ex co-chairman of Goldman Sachs for his Treasury Secretary he later developed strong ties with Jon Corzine of MF Global.  Rubin was cut out of the same cloth, he told Clinton not to regulate derivatives and sent Summers barking after Born.   Another Harvard and London School of Economics genius.

    GE’s CEO (Who Obama has as its head as his Council on Jobs) took money in bailouts, owns MSNBS and CNBS and GE Capital slashed about 11,000 jobs or 10% of its workforce, you can read about it here.

     

     

    Hank Paulson $10 maybe up to $34 trillion given to his buddies for blowing up the economy and blasting us back into the Second Great Depression.  Ex Goldman CEO.  Dartmouth and Harvard.  He and Bernanke proved clueless about UK BK laws when they forced Lehman into BK. Link & link & link.

    Paulson and Bernanke had not consulted with other governments and didn’t understand the consequences of foreign bankruptcy laws. Under British law Lehman’s London office had to be closed immediately.  

    The “Financial Media, Experts and Professors” 5%

     

     

     

     

    Maria Bartiromo who lets Bernanke slide with his “I don’t agree with your premise, housing prices have never declined on a nationwide basis,” “answer” to her “Is housing in a bubble?” question.  $1 million a year for a salary and she lets the most important question in economic history fail.  People who relied on “uneducated angry economic bloggers” soon realized who the uneducated economic morons really were.Link and link.  This is critically important also because Bernanke’s book had been out for quite some time (2000) and in it he lists states across the country with declines of up to 60% in housing.  But, more importantly, Von Mises is clear on how a bubble of this magnitude ends, link.  And then the FOMC minutes were released showing the Fed as klouns laughing about housing being in a bubble.

     Cramer was on YouTube explaining how, when he was a hedge fund runner he manipulated the market.  CNBS really picks them. Link.

     

     

     Dr. Nouriel Roubini who decorates and sculptures his walls with female private parts, whose economic research firm is on the block after losing $2 million dollars and is famous for calling gold a barbarous relic as it doubled and out performs virtually every other asset class. Link, wonder why his economic research firm is 8 figures in the red?

    Mishkin who teaches Economics at Columbia got paid $124,000 to write a report on praising derivatives in Iceland, after the Icelandic crash caused by derivatives he renamed his report on his CV from “Financial Stability in Iceland” to FinancialInstability in Iceland.” Link.

    …And the list goes on and on.

     

    • Sun, Mar 11, 2012 - 06:16am

      #2
      Davos

      Davos

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      $1,200

     

    Well, assuming gold goes to $10,000 an ounce and silver catches up on its ratio (now an insane 50:1) and goes to say, 7:1, that $1,200 will be $50,000.  Great for fixed debt if you are racking it up to be there.  

    Of course, the creep is going to snap into hyperinflation (if you ask me).  Bernanke is calling it 2%, and since 2009 oil has gone from $47.10 a barrel to $106.70 (up 127%),— Gold from $922 an ounce to $1707 (up 85%), —Silver is up 155% since March 9, 2009— Overall food prices are up 35% since March 9, 2009 —Beef prices are up 72% since March 9, 2009— Gasoline prices are up 132% since March 9, 2009 —Corn prices are up 70% since March 9, 2009.

    None of this has gone up, the doller (or dawler as my favorite Canadian reporter calls it) has gone down.  So that $50k will probably buy you a few textbooks in your last year.  But hey, I’m an optomist.

    My wife just graduated.  No debt.  Her base courses were super.  The school couldn’t teach computer programing to save its collective (ehem).  I b#tched.  At $1,500 a class—school of hard knocks me—should NOT have been teaching her how to code in C# and VB dot Net.

    Personally I used to regret not having an education.  After seeing that bee-s I have no regrets.  I wrote the president and told him his school was $hit and his information systems professors $&^#d.

    If I were in your shoes and if debt was involved I’d be off like a prom dress—after I told the college president & momo econ professors just how $hitty the classes were in comparison to the Crash Course.  (And I’m assuming here that they are as cr#ppy as the rest of the universities economics curriculums?)  These morons need to hear the truth.  

    If you’re there debt free and it isn’t breaking your families bank—enjoy. I’d sure as h#ll change my major and get into something like permaculture or alternate energy.  A degree in Keynesian Economics will be as valuable as used toilet paper.

    One more thing: While I’m uber-proud of my wife the graduation ceremony was like a court jester joke.  Master Degrees in Homeland Security?  School should be like it was in the old days, if you wanted to be an engineer or doctor or something like that you went, otherwise you went to work. 

     

    Millionaires & Billionaires

    College will improve your lifetime earning potential, but it didn’t make a difference for these people.

    1. John D. Rockefeller, Sr.: This high school dropout was the first American billionaire.
    2. Kirk Kerkorian: Kirk Kerkorian is said to be the richest man in Los Angeles with a personal fortune of $16 billion, although he dropped out of school in the 8th grade.
    3. Mark Zuckerberg: This young billionaire started Facebook on summer vacation.
    4. Sheldon Adelson: Sheldon Adelson dropped out of City College of New York before earning enough credits for a degree.
    5. Stanley Ho: The King of Gambling left college after a couple years.
    6. Kevin Rose: Rose used house down payment money to start the website Digg, although he dropped out of UNLV.

    Artists & Musicians

    Check out these artists that didn’t need formal training.

    1. Frank Lloyd Wright: Frank Lloyd Wright left high school behind to work in the University of Wisconsin’s Engineering department.
    2. William Eggleston: William Eggleston attended Vanderbilt and the University of Mississippi without graduating from either.
    3. Ansel Adams: Photographer Ansel Adams was educated through homeschooling and grammar school.
    4. Christina Aguilera: Christina was pulled out of high school because of kids who were jealous of her fame.
    5. Ray Charles: Beloved musician Ray Charles left school at 15 after his mother died.
    6. Andre Benjamin: More commonly known as Andre 3000, Andre Benjamin earned a high school equivalency degree.
    7. Eminem: Eminem’s education ended in high school.
    8. Cher: Cher’s career began at the age of 17.
    9. Louis Armstrong: Louis Armstrong dropped out of the Fisk School for Boys at 11, and joined a quartet of boys.
    10. Tom Petty: Tom Petty dropped out of high school at 17 to join the band Mud Crutch.
    11. Glen Campbell: By 18, Glen Campbell was on tour as part of the Western Wranglers.
    12. Sheldon Harvey: Sheldon Harvey left high school to care for his wife and son, and later attended community college without graduating.
    13. Coco Chanel: Her work is studied in colleges, but Coco Chanel did not attend one.

    Entrepreneurs

    These respected entrepreneurs did it all without a degree.

    1. Mary Kay Ash: Mary Kay Ash’s family could not afford to send her to college, but she was able to build a successful cosmetics company.
    2. Jack Taylor: Jack Taylor founded Enterprise Rent-A-Car, although he dropped out of college in World War II.
    3. Mike Hudack: Mike Hudack never went to college, but he founded blip.tv.
    4. Paul Allen: Paul Allen dropped out of Washington University to co-found Microsoft with Bill Gates.
    5. W. Clement Stone: W. Clement Stone dropped out of elementary school, although he later too high school night courses and some college.
    6. Debbi Fields: Mrs. Fields turned her chocolate chip cookie recipe into a successful food franchise.
    7. Sir Richard Branson: Richard Branson dropped out of high school, but he went on to successfully publish “Student” magazine.
    8. Larry Ellison: Before starting Oracle Corporation, he dropped out of both the University of Illinois and University of Chicago.
    9. Arthur Ernest Morgan: Engineer Arthur Ernest Morgan learned the practice by apprenticeship.
    10. Ted Turner: Ted Turner was rejected by Princeton and Harvard.
    11. Bill Gates: Bill Gates is one of the richest people in the world, but he was a college dropout.
    12. John Carmack: The cofounder of id Software John Carmack dropped out of University of Missouri.
    13. Michael Dell: The founder of Dell dropped out of college when his dorm room business began grossing about $80,000 per month.
    14. David Karp: Although David Karp dropped out of the Bronx High School of Science at 15, he founded Tumblr.
    15. Milton Hershey: Milton Hershey started his own chocolate company with only a 4th grade education.
    16. Dave Thomas: Dave Thomas got his first job at 12, dropped out of school at 15, invested in KFC, and opened his first Wendy’s.
    17. Ralph Lauren: Ralph Lauren studied business for two years before dropping out of college.
    18. Ty Warner: Toy tycoon Ty Warner dropped out of Kalamazoo College to sell stuffed animals.
    19. Steve Jobs: Steve Jobs attended only one semester of college.

    Athletes

    These athletes skipped over college in favor of an athletic dream.

    1. Rashard Lewis: Rashard Lewis left behind Alief Elsik high school to be drafted into the NBA.
    2. Kevin Garnett: Kevin Garnett has played in the NBA for more than 14 years since skipping college.
    3. Andre Agassi: Tennis player Andre Agassi quit school in 9th grade to go to the tennis courts.
    4. LeBron James: LeBron James skipped college to go straight into the NBA and sign an endorsement deal with Nike.
    5. Dwight Howard: After being drafted as a first pick, Dwight Howard decided not to go to college.
    6. Kobe Bryant: Kobe Bryant was drafted straight out of high school into the Charlotte Hornets.
    7. Mario Andretti: Although Mario Andretti dropped out of high school, he later earned an equivalency degree.

    Actors

    Although they didn’t go to college, these actors are still well-respected.

    1. John Travolta: John Travolta started his movie career at the age of 16 when he dropped out of high school.
    2. Julie Andrews: Julie Andrews, Oscar winning actress, singer and author dropped out of high school.
    3. Pierce Brosnan: Before his stage acting career, Pierce Brosnan left school at 16.
    4. Kevin Bacon: Kevin Bacon skipped college to go to New York and study drama.
    5. Ellen Burstyn: Ellen Burstyn left home at 18 before her Broadway debut.
    6. Johnny Depp: Johnny Depp dropped out of high school to become a movie star.
    7. Ellen DeGeneres: Ellen DeGeneres only studied one year at the University of New Orleans to work odd jobs while getting started as a comedienne.
    8. Raymond Burr: Actor Raymond Burr claimed to attend Stanford and Columbia, but he never actually went to college.
    9. Steve Martin: Steve Martin dropped out of college at 21.
    10. James Dean: After earning the role of Malcolm in Macbeth, James Dean left UCLA in pursuit of full-time acting.
    11. Marisa Tomei: Marisa Tomei attended Boston University and New York University, but didn’t graduate from either before pursuing work with As the World Turns.
    12. Brad Pitt: Brad Pitt left the University of Missouri two weeks before graduation to take acting classes in LA.
    13. Chris Rock: Comedian and actor Chris Rock was a high school dropout at the age of 17.
    14. Halle Berry: Halle Berry moved to Chicago immediately after high school to start her modeling and acting career.
    15. Nicholas Cage: Although he dropped out of Beverly High School at 17, Nicholas Cage has become one of the most powerful people in Hollywood.
    16. Michael J. Fox: Michael J. Fox’s education did not extend past high school.
    17. Jim Carrey: Golden Globe winner Jim Carrey left high school at 16.
    18. Tom Hanks: Tom Hanks dropped out of college to be an intern at the Great Lakes Theater Festival.
    19. Michael Caine: Michael Caine, Oscar winning actor, dropped out of high school.
    20. Joe Pesci: Joe Pesci went from high school dropout to making $3,000,000 from Lethal Weapon.

    Writers

    Check out these writers that created beautiful works without the help of a college education.

    1. Jack London: Author Jack London quit school after learning about his family’s past.
    2. William Blake: Poet and artist William Blake was educated at home by his mother.
    3. William Faulkner: This Nobel and Pulitzer Prize-winning novelist dropped out of both high school and the University of Mississippi.
    4. Jack Kerouac: Kerouac left his athletic scholarship at Columbia University behind after he cracked his tibia.
    5. Robert Frost: Beloved poet Robert Frost dropped out of Dartmouth College.
    6. Doris Lessig: Doris Lessig won the Nobel Prize for Literature, but ended her formal schooling at 14.

    Entertainment

    These masters of the entertainment business didn’t need a college degree.

    1. Simon Cowell: Simon Cowell didn’t go to college, but rather started in a mailroom for a music publishing company.
    2. William Hanna: Cartoonist William Hanna dropped out of college at the beginning of the Great Depression.
    3. Aaron Brown: Aaron Brown dropped out of the University of Minnesota to sign up for active duty in the Coast Guard.
    4. Quentin Tarantino: This successful moviemaker dropped out in 9th grade.
    5. Sammy Cahn: Oscar-winning songwriter Sammy Cahn dropped out of high school.
    6. David Geffen: David Geffen dropped out of Brooklyn College and the University of Texas.
    7. James Cameron: He’s gone on to become an Oscar winning director, producer, and screenwriter, but James Cameron dropped out of California State University.
    8. Peter Jennings: Peter Jennings attended the University of Ottawa and Carleton University, but he did not graduate from either.
    9. Rachael Ray: With no formal training in college or culinary arts, Rachael Ray has become a star in the food and entertainment industry.
    10. Jim Clark: Jim Clark’s education didn’t get past prep school.
    11. Woody Allen: Woody Allen had false starts at NYU and City College of New York before becoming a full-time writer.
    12. Steven Spielberg: Steven Spielberg was denied acceptance to film school, but has since become one of the world’s most successful movie directors and producers.
    13. Barry Diller: The founder of Fox, Barry Diller, was a college dropout.
    14. Walt Disney: Walt Disney dropped out of high school at 16, but went on to find success as an animator and businessman.

    Inventors

    These inventors created using just their ingenuity.

    1. Henry Ford: Ford left home at 16 to apprentice as a machinist.
    2. Steve Wozniak: The Woz dropped out of college to design calculators at Hewlett-Packard.
    3. Thomas Edison: Thomas Edison only went to school for a few months, but his mother taught him at home.
    4. Dean Kamen: Dean Kamen dropped out of Worcester Polytechnic Institute, but he holds more than 80 US patents.

    Presidents & Politicians

    Find out which great leaders achieved greatness without a degree.

    1. George Washington: George Washington only went to school until he was 14 or 15.
    2. Andrew Jackson: Even without a college degree, Andrew Jackson was an American President, Congressman, and more.
    3. Patrick Henry: Patrick Henry attended local schools and was tutored by his father, but he never went to college.
    4. Martin Van Buren: Although he did not attend college, he was able to work as a law clerk for several years before becoming a lawyer.
    5. Zachary Taylor: Instead of going to college or studying on his own, Zachary Taylor served in the military.
    6. Millard Fillmore: Millard Fillmore had only six months of formal schooling.
    7. Benjamin Franklin: The Remarkable Benjamin Franklin received less than two years of formal education.
    8. Abraham Lincoln: Abraham Lincoln came from a poor family who didn’t live close to a school, but he taught himself to read and become a lawyer.
    9. Harry S. Truman: This American President’s formal education ended with high school.
    10. Winston Churchill: British Prime Minister Winston Churchill flunked out a sixth grade, and although he graduated 8th out of a class of 150 at the Royal Military Academy, he never attended college.
    11. Grover Cleveland: Grover Cleveland was unable to go to college, instead having to work when his father died.

     

     

    • Sat, Mar 10, 2012 - 07:11pm

      #2
      Davos

      Davos

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       “You know why Warren

     “You know why Warren Buffett doesn’t like gold, doesn’t understand gold, because gold has out performed his stock in the last ten years by three and a half times.”~Source

    • Wed, Mar 07, 2012 - 04:53pm

      #11
      Davos

      Davos

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      ewilkerson wrote:I grew up

    ewilkerson wrote:

    I grew up with one as a father.  He was, also, a narcissist  .  I believe the two run hand in hand a lot of times.  Everything is all about them and what they want no matter what it takes to get it.  No laws apply to them, and they feel they can treat others any way they want.

     

    Ernest

    • 5:50 There is actually a cluster of traits that we refer to as, “The Dark Triad of Personality” called Machiavellianism, Psychopathy & Narcissism. 
    • 6:00 Overlap, but are distinct their unique aspects.
    • 6:10 Machiavellian’s are liars and callous but they also have a lot of long-term planning.
    • 6:30 The narcissist is the spokesperson
    • 6:37 The henchmen are the frontment, aggressively climbing his way, that is really the psychopath.
    • 6:50 When you get these 3 together in an organization it is a particularly toxic outcome because they feed off each other’s unethical behavior.
    • Wed, Mar 07, 2012 - 04:44pm

      #10
      Davos

      Davos

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       Thanks!!!!Dr. Chris P. ,

     Thanks!!!!

    Dr. Chris P. , Machinehead, 2 Beers Steve, and I had dinner with Student of Jefferson but he sounds busy now.

    • Wed, Mar 07, 2012 - 01:55pm

      #7
      Davos

      Davos

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      safewrite wrote:God yes,

    safewrite wrote:

    God yes, that’s how it seems to work. Thank you for validating a theory I;ve held close to my vest for most of my life, that many upper-management types are certifiably nuts. So a large proportion of them are missing something, eh? Thought so.

    Example story from real life:

    My brother works for a software company, directly for the CFO as a “Solutions Architect.” When he is not crafting solutions to their clients’ problems, one of his duties is to keep an eye on the sales people to see that they do not “give away the farm” and charge less than the company needed to make a profit. There was one psychopathic salesman, let’s call him “Norman Bates” who was so pushy with making deals that woudl hurt the company that my brother literally could not let him get out of his sight for over two years.

    “Norman Bates” could care less if the company went bankrupt: as long as he got his commission, he was happy and if the company failed he’d just jump to another one. My brother was unable to take a vacation for two-and-a-half years because the minute he turned his back, “Bates” would try to screw the company over for his own personal profit. The guy had NO conscience. None. And the company put up with the salesman’s outlandish behavior up to and including paying off someone he assaulted because the dude was raking in a lot of money. He eventually did some things that were so antisocial he as asked to leave. “Bates” was a psychopath, pure and simple, with amazing communication skills and innovations but absolutely no empathy and a frightening degree of narcissism. And the company allowed him a position of a influence for far too long because he was manipulating upper management while bringing in money. That’s why I wonder if anyone will stop their rise to the top: psychopaths can bring in money. When will we learn that they eventually cost far more than they seem to bring in?

     

     

    Hi SafeWrite:  I still have to PM you back.  I talked to my wife about your expertise and what you explained.  The research has been time consuming. 

    I posted this on my blog, but here is a direct link to his site.  Your brother can submit the Bates story to the corporate psychopathy researchers.  People can rate their bosses personalities and their coworkers.  Since I released the podcast he’s gotten quite a bit of traffic, so all this should help us all.

    A few observations I made from the notes I posted on that podcast with Dr. Jones that have a direct bearing on your interesting story of what your brother had to deal with:

    2:15 Individuals who scored high in psychopathy were rated as much more effective in their communication skills and their creativity, so these individuals that , we considered toxic people both in society and corporations, were actually evaluated higher than others in their communications skills and creativity.  Which I find to be kind of a scary thing. [in other words, in their yearly, quarterly, bi-yearly reviews these “people” scored higher than their collegues did.]

    2:50 Psychopathy is measured by  the psychopathy checklist which breaks into four different aspects.

    3:00 Aspect 1.)  Being a manipulative person or a liar.

    3:05 Aspect 2.) Callous, kind of a lack of empathy towards others.

    3:08 Aspect 3.) Impulsivity, or more specifically a lack of impulse control.

    3:15 Aspect 4.) Antisocial behavior, some kind of breaking rules, whether it be social rules or legal rules.

    14:00 Just scratching the surface.  Everything before has been leadership and fostering cooperative work environments.

     

    14:19 We’re only now beginning to realize how these clinical and personality research can really form kind of derailing type of behaviors that we see in corporations.  Now never has it been more critical at this juncture.  Forty-three percent of all corporations report some major fraud at some point in the past few years.

     

    14:50 There research reports estimating anywhere between $160,000,000,000.00 to $600,000,000,000.00 annually are pumped out of our economy as the result of corporate fraud.  People are loosing their livelihood essentially because of these individuals.

     

    15:09 It’s amazing and baffling to me that we are almost starting now to ask these questions.

     

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