IPO China Ag Bank

[Plane]

 The Agricultural Bank of China's initial public offering has raised more than $19 billion in what could turn out to be the largest IPO ever.


http://finance.yahoo.com/news/Chinas-AgBank-raises-1923-apf-2043929240.html?x=0


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Finaly! Chinas ag bank now belongs to the people.

[Michael Tee]

<<Finaly! Chinas ag bank now belongs to the people.>>

Ha ha ha!  Correct.  As long as you can define "the people" as whatever shysters, crooks, exploiters and greedy bastards have accumulated enough money that there is spare cash lying around to be used to finance speculative ventures on the stock exchange. 

But hey!!  Aren't they the same people who owned the banks before the Revolution?

[Plane]

<<Finaly! Chinas ag bank now belongs to the people.>>

Ha ha ha!  Correct.  As long as you can define "the people" as whatever shysters, crooks, exploiters and greedy bastards have accumulated enough money that there is spare cash lying around to be used to finance speculative ventures on the stock exchange. 

But hey!!  Aren't they the same people who owned the banks before the Revolution?

Even though 19 billion may sound like a lot to a Canadian , this is not the biggest Chineese bank nor the first to go public.

You have some better plan for getting the Greedy of the world to contribute to the agriculture of China?

Without killing the "greedy" I mean.

[Xavier_Onassis]

The same CLASS of people may have bought most of the shares in that bank, but it is rather unlikely that they are related to the previous owners.

It takes a brave person to buy into a Chinese IPO, I think. Braver than I will ever be.

[Michael Tee]

<<You have some better plan for getting the Greedy of the world to contribute to the agriculture of China?>>

Yeah.  Line them all up against the wall and shoot them, then take back the money they stole from the people and use it to finance agricultural developments.

<<Without killing the "greedy" I mean.>>

Take their money and then spend the rest of your life trying to fight off their efforts to sabotage you and get back the money they stole from the people in the first place??

[Plane]

<<You have some better plan for getting the Greedy of the world to contribute to the agriculture of China?>>

Yeah.  Line them all up against the wall and shoot them, then take back the money they stole from the people and use it to finance agricultural developments.

<<Without killing the "greedy" I mean.>>

Take their money and then spend the rest of your life trying to fight off their efforts to sabotage you and get back the money they stole from the people in the first place??

The goose that gives golden eggs can only be killed once , but its nest can be harvested for its lifetime.

What people were stolen from ?

Most of the Earths investors are small time nest egg builders , retirees in Germany ,Canada England , even China itself.

This is exactly the simularity between Fascism and Communism that bears the seed of self destruction for them both.

The Natzi confiscation of all Jewish property boomed the economy for a little while , but long term not nearly as productive as leaveing the whole Jewish community working would  have.

A scavenging economy can't outdo its victim , not by much.

[Michael Tee]

<<The goose that gives golden eggs can only be killed once , but its nest can be harvested for its lifetime.>>

The problem is that these people aren't geese and they aren't laying any golden eggs, they are parasites and they are sucking the blood of honest working people.  The parasite can only be killed once too, but if you kill them all off, you'll live a happy and productive life and keep all your blood to nourish your own body and not theirs.

<<What people were stolen from ?>>

Whoever they did business with.  They cheated, they connived, they lied, they bought cheap and sold dear, they sold shit at inflated prices and bought gold claiming it was brass.

<<Most of the Earths investors are small time nest egg builders , retirees in Germany ,Canada England , even China itself.>>

Don't kid yourself.  You're describing the window dressing.  The major shareholders are rich bastards grown fat on the blood of the people they have been parasitizing for generations.

<<This is exactly the simularity between Fascism and Communism that bears the seed of self destruction for them both.

<<The Natzi confiscation of all Jewish property boomed the economy for a little while , but long term not nearly as productive as leaveing the whole Jewish community working would  have.>>

The Jewish property confiscated was a spit in the ocean compared to the wealth of the nation as a whole.  Hitler was financed by German, English, French and American capitalists and industrialists, he didn't need the wealth of the Jews, although he sure as hell wasn't going to pass it up, since they were slated for extermination anyway.  You are, IMHO, misreading German history if you think that the Jews were killed off so that Hitler and/or Germany could get hold of their wealth. The primary reason for the extermination of the Jews was not economic but racial.  They were killed because of the insane racial theories of Hitler and his party, not for their money; the money was just a bonus.

<<A scavenging economy can't outdo its victim , not by much.>>

There is nothing scavenging in ridding your body of the parasites that are draining its lifeblood.  They myth is that these parasites are enriching the people.  They are enriching themselves, at the expense of the people.

[Plane]

<<The goose that gives golden eggs can only be killed once , but its nest can be harvested for its lifetime.>>

The problem is that these people aren't geese and they aren't laying any golden eggs, they are parasites and they are sucking the blood of honest working people. 

No.

You are absolutely backwards on this.

Honest working people provide the main part of this money, small scale mostly.

The big investors were invited to help the Chineese bank , by the Chineese bank.

What you think of as fleas is really the dog.

[Michael Tee]

<<Honest working people provide the main part of this money, small scale mostly.>>

There are very few "honest working people" who accumulate enough cash to put the down payment on a home, let alone set aside a few bucks in a savings account for their kids' futures and the proverbial "rainy day."  By the time the guy accumulates enough dough to think beyond putting food on the table, paying the mortgage, taxes, utilities and insurance on the home, setting aside for a rainy day and providing for the kids' education, that guy is no "honest working man."  At that point, he's got enough discretionary cash lying around to take a flyer on a publicly listed stock, which 99% of "honest working men" simply don't have.

In any event, the small investors have nothing to do with the way the bank is run, or by whom,  no access to its cash reserves and no influence over its contracts, loans, collections and procurements.  The big investors will run the bank, and you can bet your ass they will run it for their benefit and not the benefit of the little shareholders.

<<The big investors were invited to help the Chineese bank , by the Chineese bank.>>

And your point is . . . ?

<<What you think of as fleas is really the dog.>>

No they're not, plane, they're just fleas.

[Plane]

<<Honest working people provide the main part of this money, small scale mostly.>>

There are very few "honest working people" who accumulate enough cash to put the down payment on a home, let alone set aside a few bucks in a savings account for their kids' futures and the proverbial "rainy day."  By the time the guy accumulates enough dough to think beyond putting food on the table, paying the mortgage, taxes, utilities and insurance on the home, setting aside for a rainy day and providing for the kids' education, that guy is no "honest working man."  At that point, he's got enough discretionary cash lying around to take a flyer on a publicly listed stock, which 99% of "honest working men" simply don't have.

In any event, the small investors have nothing to do with the way the bank is run, or by whom,  no access to its cash reserves and no influence over its contracts, loans, collections and procurements.  The big investors will run the bank, and you can bet your ass they will run it for their benefit and not the benefit of the little shareholders.

<<The big investors were invited to help the Chineese bank , by the Chineese bank.>>

And your point is . . . ?

<<What you think of as fleas is really the dog.>>

No they're not, plane, they're just fleas.

I am quite certain that you would do a great job getting rid of fleas , but by the time you were through the dog would also be missing.


Take note.

They cheated, they connived, they lied, they bought cheap and sold dear, they sold shit at inflated prices and bought gold claiming it was brass.

Can you accuse the buswash of something that the Third Reich didn't accuse the Jews of?

It is really the same sort of illusion.

The Jews didn't hurt the Germans any more than the investing class hurts anyone.

IN the US and Canada and a large part of Europe the investing class is 75% of the population.

[Michael Tee]

<<I am quite certain that you would do a great job getting rid of fleas , but by the time you were through the dog would also be missing.>>

According to your theory, when the Chinese finished getting rid of the landlord/moneylender/parasite class, China would also be missing.  But nevertheless there are all these things I've been buying that say "Made in China" right on them.  Is that a hoax of some kind?  How can all this stuff be "made in China" when China is missing?

<<They cheated, they connived, they lied, they bought cheap and sold dear, they sold shit at inflated prices and bought gold claiming it was brass.

<<Can you accuse the buswash of something that the Third Reich didn't accuse the Jews of?

<<It is really the same sort of illusion.>>

You seem to be saying that if I falsely accuse Bill of murder, then someone else makes a fresh accusation of murder against Joe, that both accusations must be false, because Bill was falsely accused and  "it's the same kind of illusion?"   Sorry but that doesn't make sense.  I don't buy it.

How about this - - the Nazis accused the Jews of a bunch of shit and it was all made up crap.  The Communist accuse the rich of the same kind of shit, and it's all true.  How can that be?  How can one accusation be false and the other true?  Because the guilt or innocence of the Jews does not depend on the guilt or innocence of the rich, and vice versa.  One has nothing to do with the other.  I can call Paris Hilton a murderer and you can call Jeffrey Dahmer a murderer.  It's the same accusation, alright, but Hilton's innocence can't possibly affect Dahmer's guilt.  I'm wrong to call Hilton a murderer but that doesn't make you equally wrong to call Dahmer a murderer.

<<The Jews didn't hurt the Germans any more than the investing class hurts anyone.>>

They didn't hurt the Germans, period.  The investing class are a bunch of fucking parasites who have bled the people dry.

<<IN the US and Canada and a large part of Europe the investing class is 75% of the population.>>

Bullshit.  The real "investing class" lives on the return of their investments and they're a tiny fraction of 75%.  Your definition works only if you count the "investing class" as including anyone who owns one share or more of some publicly listed equity.  And even then I'd bet it's a far cry from 75%.

[Plane]

How about this - - the Nazis accused the Jews of a bunch of shit and it was all made up crap.  The Communist accuse the rich of the same kind of shit, and it's all true. 

Reverse that!

Evidence put forwards by Hitler was better.

[Xavier_Onassis]

Most of the Earths investors are small time nest egg builders , retirees in Germany ,Canada England , even China itself.

That is not close to true. Most of the wealth held by investors is held by a very small percentage of the population, even in the US. The power to run the corporations is concentrated in an even smaller percentage of hands.

[Plane]

<<I am quite certain that you would do a great job getting rid of fleas , but by the time you were through the dog would also be missing.>>

According to your theory, when the Chinese finished getting rid of the landlord/moneylender/parasite class, China would also be missing. 

Not missing so much as starving.

It is about time to remind you that Mao presided over the greatest famine of all human history while exporting rice.

The more they abandon Communist principles the better fed Communists they will be.

[Plane]

Most of the Earths investors are small time nest egg builders , retirees in Germany ,Canada England , even China itself.

That is not close to true. Most of the wealth held by investors is held by a very small percentage of the population, even in the US. The power to run the corporations is concentrated in an even smaller percentage of hands.

Evidence?

I think you have the telescope held backwards.