When we run out of money to borrow...
- Thread starter Angstrom
- Start date
And therein lies the crux of the problem. With less than 1% holding all the wealth, there is no justice or equity. Who are these nebulous 1%ers? And why do we keep giving them all our money? Are we getting our moneys worth in services? I don't think so. More like we are getting fleeced.
A wise man pointed out a few years ago, that if all the money in the world is divided equality, the same guys who have it now would get it back with two years!
Because they have monopoly over production of good and services, and we no longer can honestly compete without huge investments in robotic manufacturing machines.
It was better before monopolies started forming.
The proletariat don't have any ability to ever compete in any situation, until the killing of capitalism. the system that actively oppresses them.
"Top Economists: Iceland Did It Right … And Everyone Else Is Doing It Wrong
...Rather than bailout the banks — Iceland could not have done so even if they wanted to — they guaranteed deposits (the way our FDIC does), and let the normal capitalistic process of failure run its course...
They are now much much better for it than the countries like the US and Ireland who did not...
...Ireland guaranteed all the liabilities of its banks when they ran into trouble and has been injecting capital — 46 billion euros ($64 billion) so far — to prop them up. That brought the country to the brink of ruin, forcing it to accept a rescue package from the European Union in December..."
Top Economists: Iceland Did It Right ... And Everyone Else Is Doing It Wrong
one must live within ones means
debt=SLAVERY
...Rather than bailout the banks — Iceland could not have done so even if they wanted to — they guaranteed deposits (the way our FDIC does), and let the normal capitalistic process of failure run its course...
They are now much much better for it than the countries like the US and Ireland who did not...
...Ireland guaranteed all the liabilities of its banks when they ran into trouble and has been injecting capital — 46 billion euros ($64 billion) so far — to prop them up. That brought the country to the brink of ruin, forcing it to accept a rescue package from the European Union in December..."
Top Economists: Iceland Did It Right ... And Everyone Else Is Doing It Wrong
one must live within ones means
debt=SLAVERY
If we keep having to stimulate the economy ever 3 years, is it fair to say we are living beyond our means?
Not only fair but very accurate! It will to be interesting to hear the commotion when Wal Mart quits honouring VISA. Probably the best thing that could happen.
We being the key collective in which we peons can be excused, the ruling class including political, financial and industrial icons see paying their fair share as unfair, corprocacy never really corrects the hole just gets dug a little deeper. Gets scary if dwelled upon, a 2008 replay is a possible maybe and with a much larger debt load this time the pain could be sharper, justin'll help things along as he luvs to spend.
They'll make up most likely but a shrewd move by walmart imo, how these two giants calm the retail waters should be fun to follow.