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Home › Forums › Financial Markets/Economics › We screwed up. So, what should we have done?

  • This topic has 125 replies, 15 voices, and was last updated 16 years ago by patb.
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  • November 27, 2008 at 6:59 PM #310015
    Anonymous
    Guest

    It is not the fault of any one generation, they all took part in what was considered a “free lunch”. Well it turns out that they were all wrong and we cant survive on trading paper and flipping houses. It was all centrally controlled by the central banks, just like the centrally controlled soviet union, it is going to fail. Not to mention the magic of interest going exponential and the inability of the interest to be paid.

    The only answer is a complete worldwide Jubilee. the complete forgiveness of all debts by everyone, everywhere. Then a complete change of the banking and money systems. Any other answer will only favor the rich over the poor and will end in complete chaos.

    StevenO

    November 27, 2008 at 8:11 PM #309560
    patb
    Participant

    maybe we could let the Gen X and Gen Y types beat up Baby Boomers.
    They are getting old, we can take them

    November 27, 2008 at 8:11 PM #309923
    patb
    Participant

    maybe we could let the Gen X and Gen Y types beat up Baby Boomers.
    They are getting old, we can take them

    November 27, 2008 at 8:11 PM #309946
    patb
    Participant

    maybe we could let the Gen X and Gen Y types beat up Baby Boomers.
    They are getting old, we can take them

    November 27, 2008 at 8:11 PM #309967
    patb
    Participant

    maybe we could let the Gen X and Gen Y types beat up Baby Boomers.
    They are getting old, we can take them

    November 27, 2008 at 8:11 PM #310030
    patb
    Participant

    maybe we could let the Gen X and Gen Y types beat up Baby Boomers.
    They are getting old, we can take them

    November 27, 2008 at 9:42 PM #309565
    kewp
    Participant

    The really easy, simple, trivial fix for this is we need to put some stiff caps on national, corporate and personal debt and then *enforce* them.

    On top of that; no more damn foreclosures and personal bankruptcies. Defaulting on debt should be illegal.

    November 27, 2008 at 9:42 PM #309928
    kewp
    Participant

    The really easy, simple, trivial fix for this is we need to put some stiff caps on national, corporate and personal debt and then *enforce* them.

    On top of that; no more damn foreclosures and personal bankruptcies. Defaulting on debt should be illegal.

    November 27, 2008 at 9:42 PM #309952
    kewp
    Participant

    The really easy, simple, trivial fix for this is we need to put some stiff caps on national, corporate and personal debt and then *enforce* them.

    On top of that; no more damn foreclosures and personal bankruptcies. Defaulting on debt should be illegal.

    November 27, 2008 at 9:42 PM #309972
    kewp
    Participant

    The really easy, simple, trivial fix for this is we need to put some stiff caps on national, corporate and personal debt and then *enforce* them.

    On top of that; no more damn foreclosures and personal bankruptcies. Defaulting on debt should be illegal.

    November 27, 2008 at 9:42 PM #310035
    kewp
    Participant

    The really easy, simple, trivial fix for this is we need to put some stiff caps on national, corporate and personal debt and then *enforce* them.

    On top of that; no more damn foreclosures and personal bankruptcies. Defaulting on debt should be illegal.

    November 27, 2008 at 9:53 PM #309570
    patientrenter
    Participant

    [quote=kewp]The really easy, simple, trivial fix for this is we need to put some stiff caps on national, corporate and personal debt and then *enforce* them.

    On top of that; no more damn foreclosures and personal bankruptcies. Defaulting on debt should be illegal. [/quote]

    kewp, if a hundred million baby boomers want to each have the right to completely retire and then consume a million dollars worth of goods and services, then aren’t we going to have to have all the people who will provide those goods and services indebted to the baby boomers?

    November 27, 2008 at 9:53 PM #309933
    patientrenter
    Participant

    [quote=kewp]The really easy, simple, trivial fix for this is we need to put some stiff caps on national, corporate and personal debt and then *enforce* them.

    On top of that; no more damn foreclosures and personal bankruptcies. Defaulting on debt should be illegal. [/quote]

    kewp, if a hundred million baby boomers want to each have the right to completely retire and then consume a million dollars worth of goods and services, then aren’t we going to have to have all the people who will provide those goods and services indebted to the baby boomers?

    November 27, 2008 at 9:53 PM #309957
    patientrenter
    Participant

    [quote=kewp]The really easy, simple, trivial fix for this is we need to put some stiff caps on national, corporate and personal debt and then *enforce* them.

    On top of that; no more damn foreclosures and personal bankruptcies. Defaulting on debt should be illegal. [/quote]

    kewp, if a hundred million baby boomers want to each have the right to completely retire and then consume a million dollars worth of goods and services, then aren’t we going to have to have all the people who will provide those goods and services indebted to the baby boomers?

    November 27, 2008 at 9:53 PM #309977
    patientrenter
    Participant

    [quote=kewp]The really easy, simple, trivial fix for this is we need to put some stiff caps on national, corporate and personal debt and then *enforce* them.

    On top of that; no more damn foreclosures and personal bankruptcies. Defaulting on debt should be illegal. [/quote]

    kewp, if a hundred million baby boomers want to each have the right to completely retire and then consume a million dollars worth of goods and services, then aren’t we going to have to have all the people who will provide those goods and services indebted to the baby boomers?

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