Article

2016-07-03 Economy

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Posted by g(r)omgoru 2016-07-03 03:37|| || Front Page|| [7 views ] Top

#1 Banks? Who needs them?

If governments began manufacturing synthetic corn and flooding the market with it, there would eventually be no need for farmers.

Government as a business model is bad. Government as an actual business is much, much worse.

Posted by Besoeker 2016-07-03 07:01|| 2016-07-03 07:01|| Front Page Top

#2 The way to stimulate economies is to get money into the pockets of people who will spend it. Demand (money) stimulates supply (productivity

What's the incentive to work if the U.S. government is paying the 47%+ not to work? Multiply this by other countries. We have seen this kind of bubble before on a smaller scale. Subprime loans (bupkas) were bundled into derivatives (more bupkas) and sold as investments. When the defaults started occurring, people lost their shirts and even countries went under (e.g. Iceland). So now it is suddenly a good idea to bundle worthless government bonds and sell them as investments (sarc.) Brexit only highlights the problem. Damn those globalists and One World Government types.

Posted by JohnQC 2016-07-03 07:27|| 2016-07-03 07:27|| Front Page Top

#3 That which cannot continue forever will not. Is it worse for the derivatives time bomb to explode now or later?

Posted by Glenmore in Mt Vernon 2016-07-03 09:36|| 2016-07-03 09:36|| Front Page Top

#4 I'd rather have it now when my kid is 11.

Posted by g(r)omgoru 2016-07-03 09:51|| 2016-07-03 09:51|| Front Page Top

#5 Debt will be a huge issue for all countries in the next 10-15 years. Everyone is running on credit cards and the party can only go on so long. When the global credit bubble does pop, expect a economic collapse and depression unlike anything we have seen.

It might take a century to fully recover and the new global order will not be familiar to us.

Posted by DarthVader 2016-07-03 11:56|| 2016-07-03 11:56|| Front Page Top

#6 The "derivatives time bomb" has been waiting to explode for over 10 years now. The world of debt finance can continue on its insane path for much longer than any of us "little people" can stay solvent.

Posted by Anguper Hupomosing9418 2016-07-03 12:11|| 2016-07-03 12:11|| Front Page Top

#7 BREXY an effort to contain the damage of the derivatives? Better to fall at your own hand than the hand of someone else such as at the EU.

Posted by JohnQC 2016-07-03 14:08|| 2016-07-03 14:08|| Front Page Top

22:23 Whiskey Mike
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