The Forum > General Discussion > World Growth and Economys end times?
World Growth and Economys end times?
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Posted by Belly, Wednesday, 12 September 2012 11:50:09 AM
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I see Europe and America with fear.
Am constantly reminded how they got in to this financial mess,but just can not see how they get out. Yet hundreds of thousands of family's are in exactly to same position, for the same reasons. Borrowing too much, spending too much, then in many cases borrowing to pay debt. In the great stock crash that bought on the not so great depression, you can bet many thought it would never happen. But if our wealth is based on constant growth it just must. What comes after. Now a redneck like faction see the answer as lower wages, real danger there. If every western worker took a ten dollar wage cut to put our system right? Billions of dollars would disappear from the consumer side, less sales less productivity less profits. Who has an answer? Posted by Belly, Wednesday, 12 September 2012 5:06:09 PM
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yeah mate we all love capitalism
but we aint got capitalism..we got solialist capitalists that bailout capitalist..to put ever more taxes..on the rest of us. its a clever scam really..lawyers do free stuff for polies and polies..make work..for lawyers lest we forget publicservant's ex lawyers..making laws judged by former lawyers,,now judges the system is set to fail ol mate they cant buy promises with promises..all there doing is deflating val;ues..against the debt..[to wit deflating our money.. swapping their paper for ours.. and us bailing out..others so the ones that lent it too much last time..can get from the top monied up again that aint capitalism 5 minutes AFTER JESUS left the temple[after kicking over the monery changers tables..they were back..in evil times people do evil things YOU MUST RECALL..mr bell..BYING a coke for one PENNY plus getting half a penny back..for the EMPTY BOTTLE*! now a coke costs 200 pennies ok cents..but one cent cost 5 cents to mint so we lost our copper coin too [AFTER THE MONEY CHANGERS..stole our silver and gold coin worlds feds treasuries mints and note printing plants thats not capitaism..watch yesterday.KEISER report capitalism..is having the money/assets up front..buying fixing value adding..if bankers like you you got credit.. if not at best we got asset stripping..selling debt..lol for debt..[and putting them dead investments..into out COMPULSORRY pension..compulsory this COMPULSORRY THAT* set up by lawyers wanting law business read income via extra..laws restrictions incomes..taxes levies.. 100 plus extra so far the nanny state...its great mate..if your a lawyer* Posted by one under god, Wednesday, 12 September 2012 5:06:36 PM
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that vidio i was talking of
http://www.youtube.com/watch?v=Eb6z2wg0ffI&list=PL768A33676917AE90&index=2&feature=plpp_video if not then its at http://www.youtube.com/playlist?list=PL768A33676917AE90 cheers for max an you..eh Posted by one under god, Wednesday, 12 September 2012 5:13:18 PM
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the end times...is suggestive [re 911..being close to the posting date
anyhow i had some weierd things ghappen yesterday..911 but no one has it as a topic..oh well the ecomomies end times..normal cure is inflation//hyper inflation etc till the values..catch up to the stolen wealth gutted out of the system..via govt bailout..and handouts to mates grand green scemes selling obsolete teqnoligy..bying billions wort of tammiflue the list of govt malfeasence plus media complicity is huge so many great adverts inmedia conned many of your fellow full payout super.. that 'cash'..had to come from somewhere..it still is..us paying double for govt service..or privatised or quasi private govt monopoly providers/distributers.agents leeches franchise holders all there to oplunder ever available dollar as you know i feel revalue coin..bailout fthe base one cent=1$ 10 cents..buys a coke 20 cents ya god fish/chips when your coin was silver..thats still its value todasy but govt let bankers take our coinaway..create cyber credit at will[on demand..just to get at any real cash flow..drugs it dont matter without drug money washing thats what caused 2008..the cash flow stopped Posted by one under god, Wednesday, 12 September 2012 5:23:28 PM
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The problem is the welfare system. Yes all of it.
It doesn't matter if it is a dole bludger, a public servant on parenting leave, a single parent pumping them out for a baby bonus, or a millionaire claiming the first home owners grant, too many expect too much done for them by the state. With aged people getting transplants at a huge cost, is this really a sensible use of taxes. If a clapped out old bugger, like me, wants a heart transplant, isn't it a reasonable thing that they sell their house & pay for it themselves. In the same way, why should the tax payer support me & those like me for years, so we can leave our accumulated wealth to the kids. Yes it's great to be able to live in my old home, & eat regularly, but shouldn't the support advanced to us be deducted from our estate when we go? Sounds fair to me. Yes I know we paid for the previous generation, but the cost was much smaller. Welfare & socialism are so similar, the more people get for nothing, the more they want, & the growth in handouts will have to slow down some time. Just like Grease, if we don't start doing it for ourselves some time soon, the rest of the world will do it for us, perhaps sooner than we would like. Posted by Hasbeen, Wednesday, 12 September 2012 6:08:36 PM
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Western developed country,s feed on growth.
On growth in wealth productivity, and yes population growth to promote increased consumption of increased productivity.
Sure this can not be sustained forever.
It appears true that more debt is held than the planets Gross Annual Product?
In Europe some country,s continue to pay interest on debt equal to 150% of their GAP.
We must confront the amount of paper money in circulation, include coinage.
What backs this, not enough Gold exists on this planet to cover the cash, no way it could cover the debt.
What awaits us, can we find a way to continue to trade with one another but not lean on constant growth?
How many billions of dollars disappear at every crash, is a crash the renewal process we need to keep our system working.
Or is the day coming that we can do nothing but see our financial system fail?