The funny thing about economics is that it's all made up. Think about it. Society progressed from cave men, to stone masons to urban dwellers that could make rockets to put men on the moon. All because we said a shiny rock and then a piece of paper had value. It's a funny thing economics. Funnier still is that what will send the world off a cliff and help nobody will be stock markets and treasury bonds crashing, both of which signify nothing material but are purely speculative.
Imagine an alien civilization looking at us from above. Seeing that we are ruining ourselves by placing blind trust in a system that is entirely smoke and mirrors designed to hand out incentives.
Is the World Economy Heading Into a 'Perfect Storm'?
Heisenberg
2012/07/09 21:00:00
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“(The) 2013 perfect storm scenario I wrote on months ago is unfolding,” Roubini said on Twitter on Monday.
CNBC.COM reports:
CNBC.COM reports:
"Dr. Doom" Nouriel Roubini says the "perfect storm" scenario he forecast for the global economy earlier this year is unfolding right now as growth slows in the U.S., Europe as well as China.
Read More: http://www.cnbc.com/id/48116835
Top Opinion
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George Romney 2012/07/09 23:57:16
When the FED prints stimulus money dollars.....it is creating value out of thin air.....
also called "Quantitative easing"
http://en.wikipedia.org/wiki/...
something for nothing......how can that end well?
Think about your job...your wages.....how hard you actually work to earn dollars....
giving those dollars actual value to you and others as you trade money for goods and services.....
Then somebody in the FED says ....print money.....out of thin air....creating dollars
with the same value as the ones you worked your ass off for....
how can that work? how can those dollars have the same value?
It doesn't...
2 Rome
3 Spain
4 Germany
5 Russia
6 Great Britain
7 France
America is going to be the next great empire to fall. I don't know how much you believe in what the bible speaks of, but America is the modern day Babylon. Nothing and nobody stays on top and in power for ever.
I have since 1975! I was told the time was coming!
When the 'all made up economy' becomes an 'arse up economy' then people are going to die. People are going to starve in the streets. Your pets wont be safe from the neighbours you used to play Bridge with. Women are going to sell themselves for food scraps. I have great pity for those who work in a job with no relevance to real life once reality hits (I am thinking of someone I recently spoke to who was quite proud of herself for having a well paid job in which she made nothing tangible and did nothing of real value. Nevertheless she was well paid(No, she was not a banker)).
I remember a story from the collapse of the USSR where a man offered to trade his penthouse apartment for a Lada. The Lada owner said Nyet as his car at that time was worth more to him than a penthouse apartment.
Pictured above are Alaskan Army National Guard Soldiers assisting the Anchorage Police to calm or detain rioters as part of a training exercise called 'Vigilant Guard.’. It sure isn't posse comitatus com...
When the 'all made up economy' becomes an 'arse up economy' then people are going to die. People are going to starve in the streets. Your pets wont be safe from the neighbours you used to play Bridge with. Women are going to sell themselves for food scraps. I have great pity for those who work in a job with no relevance to real life once reality hits (I am thinking of someone I recently spoke to who was quite proud of herself for having a well paid job in which she made nothing tangible and did nothing of real value. Nevertheless she was well paid(No, she was not a banker)).
I remember a story from the collapse of the USSR where a man offered to trade his penthouse apartment for a Lada. The Lada owner said Nyet as his car at that time was worth more to him than a penthouse apartment.
Pictured above are Alaskan Army National Guard Soldiers assisting the Anchorage Police to calm or detain rioters as part of a training exercise called 'Vigilant Guard.’. It sure isn't posse comitatus compliant so it's obviously martial law training. Martial Law has become just so easy to declare and user friendly that no one needs to worry. Dont they always have your best interests at heart?
You have FEMA camps on 72 hours notice, the US military training for civil unrest and starvation scenarios, the government advising the staff of those non-existent FEMA camps to be ready for civilian intake on only 72 hours notice, the Department of Homeland Security ordering 450 million hollow point bullets which they refuse to explain, and other assorted rumours. Things look great, but dont worry it's all made up.
Apologies as I ran out of time on this comment. I will fill in the remaining sources when time provides me an opportunity.
Our National Debt to GDP is only hovering around 100%.
In the 1950's, it went to over 120%, under Truman, then Eisenhower.
(Notice we had two great decades afterwards?)
In a pinch...we could go though another $7 trillion to pull us through, and only be at 150% of GDP. 200% GDP would be around $30 trillion. Japan is cruising at 220% with only light debt effects. So, it can be done. Anyway, austerity is not the answer.
I know there are many methods to win Sim City (a city simulation game).
But, one method is to borrow up to your max, and build infrastructure, so your country living turns into a city, and the tax revenue covers your debt. It is OK to borrow if it is towards future growth. That is the Obama plan. The Romney plan is more austerity, which is not working in Europe, and also does not work for very long in Sim City. Obama's more expansive programs are the way to win the game.