Do you feel unnerved by the "Global Financial Crisis"?

by Elsewhere 31 Replies latest jw friends

• 

  jaguarbass

  I agree with Samiiees assessment of the unemployment figures.

  They cook the numbers.

  Here in Florida there is more than 7% umemployed.

  Maybe 37%.

  Where I grew up in Cleveland there is more than 7% unemployed maybe 57%

  In detroit which is next to Cleveland where I grew up there is more than 7% unemployed maybe 87%.

  Question authority.

  And doubt everthing the government tells you.

  I dont spend a lot of time thinking about it.

  Unless I read a post and respond to it by someone like you.

  I work in a jail.

  So I will be one of the last to go down if I go down.

  The jails will just become concentration camps.

  And if I loose my job working in a jail.

  I have a good idea of how to survive living in a jail./ concentration camp.

  3 meals a day. At least 2 of them hot.

  free health care.

  You see a nurse or doctor within 2 hours of the time you have the idea you want to see one.

  lots of free time to read and lift weights. Watch tv and play games.

  No working 16 hour days.
• 

  Witness 007

  I could lose my job this year....but I can live on a cup of coffee and love......wish I had someone to love...............and I wish I had coffee!
• 

  slimboyfat

  I feel that we are witnessing no less than the end of capitalism. I just hope we get through it without a world war and manage to build something new. But the quality of our leadership does not inspire confidence. They still don't appear to appreciate the gravity of the situation.
• 

  hamilcarr

  I feel that we are witnessing no less than the end of capitalism.

  Dunno. I'm afraid the US compromise stimulus package shows there's more continuity than might have been expected.
• 

  slimboyfat

  I fear the only thing "stimulus packages" will accomplish is national bankruptcies. They could have let the banks go bust and started again from scratch. Instead states decided to underwrite the debts of financial insituations. The debts and losses have not disappeared, they have just been moved around. When people start losing confidence in the ability of the state to make good on its debts then there could be trouble.
• 

  hamilcarr

  They could have let the banks go bust and started again from scratch.

  That would have meant the end of capitalism, indeed. But I think the political (plutocratic) elite has gotten so much addicted to das Kapital that there will be more of the same in the years of come. Maybe revolutions have become out of fashion.
• 

  slimboyfat

  Banks going bust would have been capitalism working according to its own supposed rules. It would have been painful, and a lot of people would have lost a lot of money, but it would have preserved the system in the long run.

  I agree with you that the reason banks were not allowed to collapse was because the plutocracy wanted to hold on to their wealth. That is clearly the intention with getting the state to take on financial liabilities, but I simply don't think they will succeed. They want to preserve the system and their wealth, but they can't do both. And it's too late now anyway.

  I don't know about revolution but I think there will be unrest and a lot of hardship. The danger in volatile situations of course is that extreme groups can take power that would not be able to gain majority support in a prosperous liberal democratic setting.
• 

  cameo-d

  this just posted yesterday.

  http://www.youtube.com/watch?v=7bfQOewl2W4
• 

  cameo-d

  Here's an option.

  http://www.youtube.com/watch?v=YVKMA--nt4I&feature=related
• 

  kurtbethel

  Newsweek informs us that we are all socialists now.

  http://www.newsweek.com/id/183663