29 Reasons Why We'll be in a Great Depression 2 by 2011.

As if people needed to be even more scared.. :coolgleamA:

http://www.marketwatch.com/news/sto...x?guid={B28B49B5-EFD1-4941-B57E-A2BA1545BA09}

 

You left off reason 30, why? Because it might imply that tax increases might be part of the solution?

 

American bonds should have never been rated AAA anyway as they were collateralized by nothing. Moodys S&P is at the head of the speculator cult and helped brew the cool aid.

 

One reason.

Lack of critical thinking in Economics and Policy making.

 

one universal reason is that every economy should have it's ups and downs - it's natural

not necessarily a great depression, but...

 

One reason this economy failed is you can't rely on trickle down to feed it. When a small percentage of the population controls the majority of the money...who's investing in what? The rich were playing games and investing in debt instruments. They sat back while the consumers were raped and pillaged through manipulated and escalating fuel prices. How did they think these people could afford to pay for what they had bought on credit. They couldn't afford to eat and live. Many couldn't afford to get back and forth to work. But you gloried in petroleum profits.

 

And a simple fact of life for the wealthy: When it's a question of feeding your family for another day or paying for something you've already consumed, guess what get's left behind...past debt. The consumer/worker with constricted income can only then focus on what's absolutely necessary.

Your wealth based on debt evaporates! You need to play a different game. Or you need to learn to moderate the game by paying the workers/consumers increases in propotion to how you receive them.

 

For a healthy economy you need a sound currency, you need to balance your import/exports, opposed to strictly a domestic consumption pattern fueled by imports. You need policy that rewards savers and does not promote borrowing, and you need to as someone once said: "Put a silver spike through hank paulsons heart and burn him at the stake" to set an example for aspiring financial terrorists.

 

http://4.bp.blogspot.com/_H2DePAZe2gA/STAqqdE8CfI/AAAAAAAAGks/WrursaMDRIM/s1600-h/expend.png

that one!

 

we're fucked by having an investor class.

people who only derive money from investment cause a lot of problems.

 

Not really Dave. The investors are the millionares who make the investments which keep liquidity in the markets. The real problem is the billionares who horde the money and buy up mass amounts of stocks and assets at rock bottom prices which end up there because of their speculating.

Right now the millionares are accusing JP Morgan and the likes of insider trading and insider information and are asking for investigation, which wont happen.

 

I agree these people have no concept of hard work, or a sense of what increasing productivity involves. In many cases it involves sacrificing family and personal time by the workers. Yet those that only deal with money are fast to cut the jobs of the most productive workers just to pad their bottomline. How many of us trained our low salaried replacements. We made the innovations that increased productivity, but was our employment guarranteed? Not a chance because the investor class only deals with money, and in many cases money they don't even hold. They rule our world through speculation and margin. And we continue to allow it to go forward. And now we bail them out!

Yet they continue to fail because their profits rest on our consumption. Slippery slope isn't it. Undercut your consumer base and you cut your throat...yet the workers are always the last considered.