Almost always, countries in crisis need to learn to live within their means after a period of excess—exports must be increased, and imports cut—
TreeFarmer wrote:And I thought this was a banking crisis. Why knock out a car exec and leave all the bankers standing? That is the the question!
TF
Alfred Tennyson wrote:We are not now that strength which in old days
Moved earth and heaven, that which we are, we are;
One equal temper of heroic hearts,
Made weak by time and fate, but strong in will
To strive, to seek, to find, and not to yield.
ReverseEngineer wrote:The IMF gets its funding from the Big and Powerful, in da old days that being the US, Britain and Germany. So from whom is the IMF going to get funding to bailout the US, Britain and Germany? In the minds eye of a Bankster, they will get the money from the Chinese, whom they spent the last few years impoverishing in their resources and their ecology, while the Chinese bred slave labor by the millions.
So the wizards at the IMF are now selling the Chinese they need to buy into SDRs as the New World Currency. Which the Chinese, ultimate saps in this game no doubt will buy into. This about instantly turns the economies of the US, Britain and Germnay into the same level of impoverishment as the average Chinese Peasant of course, while the average Chinese Peasant gets even poorer, as in DEAD poor. There won't be any trade, and without trade the Banksters can't get rich. The money becomes valueless as commerce grinds to a halt, already evident as shipping and maufacturing companies are going out of biz by the truckload. The Jig is Up now for the Banksters and for the World as a whole. The only questions remaining are timeline questions, not the actual results of the end game of Capitalism. In the end, 999 out of 1000 are left broke, and the one with the money finds it absolutely worthless because there is nothing left it will buy.
Reverse Engineer
jupiters_release wrote:
It doesn't matter what money's worth, the top banks control all the land, resources, infrastructure, and policy decisions. Your fantasy mind garden is cute though, the imagination of your grade school students must be rubbing off on you.
ReverseEngineer wrote:you cannot maintain power with Toilet Paper.
Reverse Engineer
patience wrote:A parallel and more detailed comparison of the US to a banana republic:
[url]= http://www.salon.com/opinion/greenwald/ ... sions/link[/url]
This guy has it down cold--US is as corrrupt as any have ever been.
Quote:
"the most apt comparison for the U.S. now is not Japan's "lost decade," but rather, "that the United States is coming to resemble Argentina, Russia and other so-called emerging markets, both in what led us to the crisis, and in how we're trying to fix it."
Woe is us. CYA time.
Homesteader wrote:ReverseEngineer wrote:you cannot maintain power with Toilet Paper.
Reverse Engineer
That is the funniest quote I've read in a long time.
. . .unless your planet is a toilet bowl and everyone is an ass.
ReverseEngineer wrote:Then its more old fashioned, a physical fight for survival.
ReverseEngineer wrote:The "top banks" controlling all the land and resources are BANKRUPT. They have no money, other than what they print.
jupiters_release wrote:ReverseEngineer wrote:Then its more old fashioned, a physical fight for survival.
They own all the militaries, a fight assumes they have any real adversaries.ReverseEngineer wrote:The "top banks" controlling all the land and resources are BANKRUPT. They have no money, other than what they print.
Of course paper money has no value. Real money is land and resources, which they control with military power. That is the opposite of bankrupt. I like your imagination though, reminds me of my Magic The Gathering days in middle school.
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