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Old 06-01-2013, 02:18 PM
 
Location: Planet Eaarth
8,955 posts, read 18,752,456 times
Reputation: 7193

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From the story........

"Money, power, ownership and control are becoming very, very tightly concentrated at the top of the food chain, and that is a very dangerous thing for humanity. When too much money and power gets into too few hands, it almost always results in tyranny. "

Top 1% Own 39% Of All Global Wealth: Hoarding Soars As We Hurtle Toward Economic Oblivion
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Old 06-01-2013, 04:53 PM
 
Location: TX
795 posts, read 1,280,378 times
Reputation: 784
The Economic Collapse blog?

Hahaha.
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Old 06-01-2013, 04:58 PM
 
81 posts, read 105,134 times
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According to the report, more than 1/3rd of the 1% live in the United States. That is a significant portion of Americans are in the global 1% about 20 million Americans. What are you suggesting? Tax all Americans more and send that money overseas to help the less fortunate? History shows that money will only end up in the hands of the dictators that have established policies in these poorer nations to only enrich themselves.

Income and wealth distribution is fine as long as it is not gained through crony-capitalism or corrupt government policies. The world is more advanced than ever and requires greater technical knowledge and education than ever before. Too many only want to benefit from these advances and are unwilling to put in the hard work required to gain the skills necessary to compete today. Its way too common, particularly here in America, for failure to be rewarded.
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Old 06-01-2013, 06:35 PM
 
1,924 posts, read 2,112,413 times
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Yes, indeed. Rewarding failure is no way to go. We need much harsher penalties for those who fall for the slop put out by the disinformation media.
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Old 06-01-2013, 07:39 PM
 
621 posts, read 595,933 times
Reputation: 265
Hmm we are having a new bubble. The up side of a bubble is not where trouble lies. The down side is. Good sailing for the next 2~3 years. Unless something big enough goes bad somewhere else.
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Old 06-01-2013, 09:30 PM
 
4,130 posts, read 4,080,720 times
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I see every time the prophet of doom and gloom makes a pronouncement, his lap dog apostles spread the word far and wide.

Don't moan about being attacked by being a messenger either. A messenger does it at the request of another person. You certainly haven't shown anything where the author has requested you spend years posting and defending his crap that gets debunked every time, at the least by time passing without the next collapse or meltdown.

You proselytize a belief, where every day it doesn't happen is another nail in the coffin of your delusion. Like a man with a sign that the world will end tomorrow and doesn't see the issue that after 20 years he's carrying the same sign. It must be a sad life that the best contribution is false beliefs of the economic collapse for years on end.
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Old 06-02-2013, 03:54 PM
 
48,508 posts, read 88,593,200 times
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I certainly don't see any shortages from all that supposed hoarding.
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Old 06-03-2013, 02:38 AM
 
4,571 posts, read 3,223,738 times
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hoard·ing

[hawr-ding, hohr-]noun

1. a mental condition brought on by incessantly reading economic collapse blogs.


2. the act of a person who hoards.
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Old 06-03-2013, 12:52 PM
 
19,346 posts, read 16,971,888 times
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Quote:
Originally Posted by pie_row View Post
Hmm we are having a new bubble. The up side of a bubble is not where trouble lies. The down side is. Good sailing for the next 2~3 years. Unless something big enough goes bad somewhere else.
I find this far more troubling. Had we had an economic collapse that purged legislatively created equity and wiped the financial slate clean, the regrowth of financial wealth would, as is typical in the beginning, rise closely with general prosperity. The worst of the damage happens during the growing bubble phase, that is except for those that profit financially from these legally created capital fictions. Its the bubble growth phase where we work the hardest making things that are, in the end, of dubious value. As of now housing is creating cash flows again because housing values are rising but only due to a cartelization shift by the likes of BlackRock etc. This will certainly be converted into even more political power where zoning and section 8 housing will be used to great effect.
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Old 06-03-2013, 03:28 PM
 
31,027 posts, read 37,056,760 times
Reputation: 13325
I wonder how old Grandpa Pipes is? If he really is a Grandpa by the time the sky falls he may have passed on. Would be sad to have missed all this grand money making only to pass on before the collapse. What fun is that? Oh well back to life in the here and now.
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