Is it not time to change the world economic order and have maximum wage/wealth in place?
Why should the greedy money mongers be given Free hands to keep exploiting the little guys?
You get fired by a CEO who at the same time went home with $100 million hand shake?
What kind of rubbish stealing system like this extreme capitalism will survive?
Let those who over produce keep their product and allow others to do their own little thing that keep the little guys surviving.
Industrial revolution though good for our world has served selfish interest to exploitative degree.
The guy in a little Timbuktu village lost his income when tractors hit the surface of the earth with mass production and import to his country.
Then he gets exploited on daily bases for whatever little he could gather.
So, how is a guy like that suppose to live? That is what happened.
Those who mass produced only hoard money for themselves thereby living others penniless.
Now no more money to go around.
If you get fired, go and lie down in front of the rich neighbor's house in mass and demand for money back.
The world is broke? Where hasall the money gone?
They are currently going to have a party and spend all that money that they begged, borrowed and stole (high interest rates) in Las Vegas. JP Morgan Chase are amoung the leaders of those bailed out with taxpayer money that are spending million of dollars in Las Vegas this month. They also increased all of their credit card holders' interest rates 1.5% in the country to help cover their record-stupidity-performances in the mortgage crises they caused. Wells Fargo cut down their list from 1,000 attendees to just the idiots only. Bush gave 41 billion dollars for stock worth 14 billion late last year. GM will be in Vegas I believe. The people that fleeced America will be at the Venetian spending our money. So they do this every year. Big deal, right? Oh. You are probably mad because you lost your job. Well let's say that your job was donated to someone in India, Bali or the Philipines (and long ago). The same people blowing millions this month gave our jobs away long ago.
So it's a big party. Since 2.7 million of us have alot of time on our hands these days, I think that we should run down there and face these robbers-without-guns.
You may consider watching Lou Dobbs a bit more. We all should. (Lou should be president next time).
The world is broke? Where hasall the money gone?
Government and stuff has been corrupt forever but this is getting a little ridiculous. In the US, our deficit is huge and they are giving out stimulus packages. What are people doing with the money? Saving it to pay off bills and get out of debt. Good, in a way but also bad at the same time. The economy is failing because people aren't spending money. They can't afford it! So the government gives them more money and they still don't spend it. Why do all the stupid people take charge of the important positions that determine that outcome of peoples' lives? GAaggghhh!!!!!!!
Therefore, the economy keeps getting worse because they country's debt keeps growing. If the government put the money towards the debt, things would get better. Right now, we're just digging ourselves in a grave.
Know how the Bahamas is such a popular vacationing resort? Yeah well, if they get soooo much money a year because of the popularity then why is much of its country still in poverty? Because the government keeps all the money. I think government is misusing their position and is screwing up the world.
The world is not broke.
You must have heard about liquidity crunch and stuff, having taken Economics this year..I am better prepared to help you understand the current Global scenario.
Money acceleration is a term often used by Economists to understand the current liquidity crunch.
People have stopped spending their money..and are saving more..thinking about their uncertain future..as a result the flow of money from one person to another has drastically come down.
Unemployment has further aggravated the current crisis...the fundamentals of the US economy were not that strong..since the past 3 decades, US has not had a single economic bill passed in its parliament.
Its Federal bank wasn't cautious..and only temporary changes for that certain period has led to such a mess.
Economist knew such a day would arrive, and here it is..when the entire world is under thick cloud of recession, less developed countries like India and China are enjoying a healthy GROWTH rate.
So fundamentally, US has to introduce certain bills that would further strengthen its economy for a secure future
P.s: I am a student studying Economics, i might be wrong regarding a few things..but i have tried to answer to the best of my ability.
