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Old 06-06-2015, 07:48 AM
 
Location: The Island of Misfit Toys
2,765 posts, read 2,793,856 times
Reputation: 2366

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Interesting program on the origin and state of the current economic system.


https://www.youtube.com/watch?v=KEC0GT_8l_I

Looks like the current economic model is finding itself under more and more refined attack and dissection.

Could the inevitable end be near?
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Old 06-06-2015, 04:47 PM
 
Location: Metro Detroit, Michigan
29,827 posts, read 24,917,786 times
Reputation: 28527
Do you have a better facilitator of ordinary economic functions besides USD?

Just be glad there are enough suckers around the globe lining up for a promissory note from the United States.
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Old 06-06-2015, 04:52 PM
 
Location: Myrtle Creek, Oregon
15,293 posts, read 17,691,252 times
Reputation: 25236
There is no inevitable "end", but there will certainly be change. Only kids think things end. Us old folks know that "the more things change the more they stay the same." The world I grew up in does not exist any more. That's going to happen to you too. Get used to it.
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Old 06-06-2015, 06:01 PM
 
1,820 posts, read 1,655,716 times
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Quote:
Originally Posted by andywire View Post
Just be glad there are enough suckers around the globe lining up for a promissory note from the United States.
LOL! All national debt and all national currencies are promissory notes. They are claims on the real goods and services output by the economy whose government as agent issued it. The US dollar is really famous and really popular principally because the US economy produces about 22% of all the real goods and services produced anywhere in the world.
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Old 06-06-2015, 06:37 PM
 
Location: The Island of Misfit Toys
2,765 posts, read 2,793,856 times
Reputation: 2366
Quote:
Originally Posted by Larry Caldwell View Post
There is no inevitable "end", but there will certainly be change. Only kids think things end. Us old folks know that "the more things change the more they stay the same." The world I grew up in does not exist any more. That's going to happen to you too. Get used to it.
You know what's really kid-like? Trying to make economics a generationally divisive topic.
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Old 06-06-2015, 10:00 PM
 
7,899 posts, read 7,114,612 times
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Wow, lots of gibberish and double talk mixed in with a few actual ideas. It is enough to make your head spin.
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Old 06-07-2015, 11:12 AM
 
Location: Myrtle Creek, Oregon
15,293 posts, read 17,691,252 times
Reputation: 25236
Quote:
Originally Posted by Shankapotomus View Post
You know what's really kid-like? Trying to make economics a generationally divisive topic.
Well, kid, there isn't going to be an apocalypse. Get used to it.
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Old 06-07-2015, 01:53 PM
 
1,820 posts, read 1,655,716 times
Reputation: 1091
Damned whipper-snapper generation is all hyped up on these video games! They need the over-stimulation of danger on every doorstep and calamity around every corner in order to feel alive. Songbirds singing in a tranquil meadow and fields of flowers kissed by a soft afternoon breeze mean nothing to them.
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Old 06-08-2015, 01:22 PM
 
Location: Jamestown, NY
7,840 posts, read 9,204,163 times
Reputation: 13779
Quote:
Originally Posted by Larry Caldwell View Post
There is no inevitable "end", but there will certainly be change. Only kids think things end. Us old folks know that "the more things change the more they stay the same." The world I grew up in does not exist any more. That's going to happen to you too. Get used to it.
Agree.
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Old 06-08-2015, 01:34 PM
 
Location: Jamestown, NY
7,840 posts, read 9,204,163 times
Reputation: 13779
Quote:
Originally Posted by Shankapotomus View Post
You know what's really kid-like? Trying to make economics a generationally divisive topic.
No, what's really kid-like is buying into apocalyptic scenarios promoted by guys whose claims to fame are being "film makers" or "futurists" or "commentators" or "politicians", especially if they're trying to sell you generators, survivalist gear, homesteading land in the San Luis Valley, "alternative" currency, and various other borderline scams.
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