Quote:
Originally Posted by Rob Instigator
The possibilities and likely things the author mention are necessary for this nation to go through, to understand that exponential growth is just a ponzi scheme and that the old Ideal o quality and slow steady growth, dependable growth, is what is desired. This is really an anti-trust issue and government regulation will be needed, but the government and those who make it up BELONG TO US.
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yeah i agree with you, in principle-- however--call me jesuitic--i do not believe that absolutes apply here. black/white notions never agree with reality. i'd favor a more gradual descent into normality rather than a crash landing, but it looks like we're gonna crack our heads on the way down. then again, maybe not. of course, tomorrow the government might do some shit and the markets will rally again, oh, a few hundred points. and this will never end. but it will-- i'm only concerned about the manner in which it will happen. 20% unemployment is never a good thing.
we'll see if we go the way of japan or what. i smell poo in the air...
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ps- japan didnt have 20% unemployment... but we could! during the great depression, unemployment went from 3% to 25%.