Maddog78 wrote:Wow, that's a helluva assignment.
Good luck getting advice here since many think we are farked.
When you're done your paper you should send it to the new POTUS.
He can use all the help he can get!
Kristen wrote:one more thing i should mention is that its for a college course I have to take for my degree.
Kristen wrote:Dear Forum members,
I have to give a persuasive speech on how to solve the economic crisis but I don't know where to start. Ban the federal reserve? new currencies? calling debt even and making it a public utility are my three main points I've decided so far. What do you think?
-Kristen
Kristen wrote:solve the economic crisis
Kristen wrote:Dear Forum members,
I have to give a persuasive speech on how to solve the economic crisis but I don't know where to start. Ban the federal reserve? new currencies? calling debt even and making it a public utility are my three main points I've decided so far. What do you think?
-Kristen
We need to use critical thinking to solve the problem, its mathematical
mattduke wrote:Let me boil it down for you:
1. Gold standard.
2. 100% reserve banking.
BTW, economics is a social science. Attempts to treat it mathematically only obscures the principles. What would you rather have, an apple or an orange? See Hayek's Nobel acceptance speech, "The Pretense Of Knowledge".
blukatzen wrote:Kristen wrote:one more thing i should mention is that its for a college course I have to take for my degree.
First off, before asking us what *we* think, let's see what YOU think, and then we'll flesh it out from there.
Blu
Carlhole wrote:Kristen wrote:Dear Forum members,
I have to give a persuasive speech on how to solve the economic crisis but I don't know where to start. Ban the federal reserve? new currencies? calling debt even and making it a public utility are my three main points I've decided so far. What do you think?
-Kristen
I read this woman's book, "Web of Debt", and I arranged for her to appear on KMO's C-Realm Podcast (she actually sounds better in print than in person, mainly because currencies, banking, and economics is difficult to learn about in simple discussion. You need visuals too.
She's very accessible via email and loves to talk about the very subject you are interested in. She recently wrote an article about how to solve the current economic crisis; it was posted over at www.GlobalResearch.ca
Send Ellen an email at [email protected] and tell her Carl sent you.
Gerben wrote:Kristen wrote:solve the economic crisis
You are talking about a crisis. What kind of crisis are we talking about? A painfull transition (to what?), a correction of imbalances (which imbalances?), a temporary deviation that needs to be fixed asap after which we can continue happily ever after?
You are talking about financial solutions. You mention 3. What do you think are the problems that caused the crisis? You should convince your public about the causes of the crisis, before they can believe that your solutions will adress the problems.
It's your speach, so you should come up with the solution. I can ask some questions, to prepare you, but it's yours to find an answer. The solution might not be desirable.
Do you believe the US can continue to consume more than it produces?
If the US cannot consume at the same level, who's going to buy the big cars and other fancy stuff that are made in the US? Should the US government give these companies money to keep these factories open? Should the US government give money to US banks to keep them open if US citizens have no money to put on the bank?
Do you think your new system will trick foreigners into lending the US money again? Why would they export goods and expect to get something back if your solution to debt is calling the debt even?
If debt is 'a utility' then would people still be able to own capital goods? Would people still be able to gather personal wealth? If no, then how do you prevent the same problems that happened in communist states, if yes, how would you prevent the creation of a non-public parallel money system based on this personal 'wealth'?
Schmuto wrote:I'd start at Marbury v. Madison, but that'd be a long speech.
How about this:
There is no "solution" to the crisis, and the almost universally held belief that there is a "solution" is the most damaging part of the problem.
The 1900s were 100 years of exponential growth based on cheap energy. You can do a simple mathematical example to show that, if the DJIA were to grow at 7.2% every year, it would have to be at 128,000 by 2050.
Exponential growth was only possible because we gobbled up the lion's share of the one-time energy boost known as fossil fuels during the "exponential growth" of the last 100 years.
Now, however, the free ride is over, and we are facing a solid ramp up in energy prices for the next 100 years. The faltering economy, the sub-prime crisis, the "credit crunch" - these are all red herrings. They distract from the larger issue, which is overpopulation and resource depletion.
As the per unit cost for energy increases, so too must GDP decline.
Understand that truism, and you're on your way to understanding why there is no "solution" to the "problem", unless by "solution" you mean - "adjusting to having ever less, because that's all that's going to be available."
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