I guess capitalism looks good on paper but is bound to fail because of greed. Didn't we say the same thing about Communism?
Hey Socialism must be a good thing because John Lennon sure loved it. Wrote a song about it. Want to hear it? Here it goes:
Do you feel unnerved by the "Global Financial Crisis"?
by Elsewhere 31 Replies latest jw friends
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beksbks
Somewhat. Much more when I read Burns posts.
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OUTLAW
There`s always a Crisis!..Now we have Split Second Reporting,to Advertise the Crisis!.....Which will go away!!!.....So the next Crisis can have it`s 15 miniutes of fame!!..
..I`m Bad/I`m Bad/I know it!!................................................................................................OUTLAW -
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darth frosty
good info on the ecconomy
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Billy the Ex-Bethelite
Hey Elsewhere,
A well-connected friend had passed along advice to me on when to get out of the market before it really crashed. Of course I had nothing to take out of the market since my "treasures" are in "heaven" thanks to wasted years in Bethel. But I digress. His advice for the financial crisis has been helpful to me... drum roll please...
TAKE CARE OF YOUR HEALTH!!!!
The healthcare system is also a mess that will get worse before it gets better. If anything needs attention, take care of it now.
Keeping in good health will help to keep you employable. How much manual labor can you handle? What can you improve about your physical condition to improve your chances of landing a physically challenging job?
Eat carefully. You are what you eat. If you eat junk you'll pay the price.
Keep clean. Take care of your immune system. Exercise. Learn about your health and how to improve your longevity.
Oh yeah, and avoid stress. Let others worry about how to fix the economy. You need to make sure that you'll be one to survive the bumps along the way.
I hope this helps, Elsewhere...
B the X
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Bubblie
Anytime we get to listen to John sing his famous song again. It is so good to hear and think about it. A warm fuzzy feeling that all can get comfort from the words. Just remember when things look bad, it is only money we are losing.
Kit.
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watson
Just remember when things look bad, it is only money we are losing.
They were singing about it in pre World War II Germany...
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Robdar
Just remember when things look bad, it is only money we are losing.
Um, excuse me, Kit. It's not just money, it's food, clothing, shelter, a warm bath, pet food, baby diapers, medicine, etc. You know--the stuff that money buys. Losing money can literally lead to your demise. If you want to pooter out new age nonsense like "it is only money we are losing", knock yourself out. But remember, somebody has got to provide the above for you or you will die.
Is daddy still paying your bills? Really, that's the only logical conclusion I can reach when somebody pops up and says something so silly.
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sammielee24
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.
The banks got their money already so the crooks wouldn't have to sell their homes in the Hamptons or be forced to eat at McDonalds. They bought some time so they could scurry around like the rats they are and try to hide every asset they own where the IRS won't find them before the people rose up and demanded their skin. Most would give 10 years of their lives in prison if they could just keep that 40 million they stashed away - greed has no conscience.
This week a number of Republicans have said that the banks should be nationalized. That is in line with some major economists and in the end, that is exactly what we might end up with. They milked all they could out of the taxpayer so now they can cave in and let the government step in completely.
According to reports today, there has been no wealth creation in the USA since 2001 - those are government reports that just came out. As we all know, the purse strings were loosened to push so much credit on people they wouldn't notice that they were earning less money even if that piece of paper said they making more. No wealth creation means the US has been stagnant for 8 years ...now its falling backward..I exepct it will take some time to rise up again. sammieswife.
..I`m Bad/I`m Bad/I know it!!..
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...OUTLAW