One Solution to the Worldwide Financial Crisis

TruckerT

I think it would be a good idea to recognise that all the economic jargon and political waffle is simply failing to find any kind of solution

In any group, leaders will come and leaders will go - only a couple of years ago, the St.Pauls protestors would not have lasted more than a day, but the 'Establishment' is not as strong as it was, and may be taken by surprise by the ability of ordinary people to re-organise society (and the economy) to their own advantage

TruckerT

John_Pierpoint

Generali wrote: »

One man's savings are another man's debts.

If you are a member of a credit union; otherwise one man's savings can become the debts of up to 8 men.

Then you realise eventually that trees cannot grow to the sky and that we are living on just one planet, so exponential expansion cannot continue for ever.

One grain of rice on the first square of the chess board, two on the second, four on the third, eight on the fourth ..............more than all the rice in China on square 64?

So you start to panic and you "invest" your savings into a grain mountain or worse gold coins hidden under the floorboards and watch as the balloon economy contracts or goes pop.

John_Pierpoint

thor wrote: »

Why not get all the world's millionaires and billionaires to pay a one off amount of tax(say 20% of their total wealth) to get rid of the debt mountain? I have no idea if they possess enough to do so but they will be the ones who will benefit the most as they most likely will have their money tied up in stocks and property which can only go up if confidence is restored with the wiping of the debt.
If we do continue to stumble through countless recessions they will lose a lot of their wealth anyway.

How are you going to make them pay, when their wealth is tied up in (say) Ukrainian farm land, oil wells in Kurdistan, or gold coins in Switzerland?
I know put them on their yacht and sail them close to Somalia - those local "fishermen" sure know how to extract tolls from passing travellers.

John_Pierpoint

TruckerT wrote: »

I think it would be a good idea to recognise that all the economic jargon and political waffle is simply failing to find any kind of solution

In any group, leaders will come and leaders will go - only a couple of years ago, the St.Pauls protestors would not have lasted more than a day, but the 'Establishment' is not as strong as it was, and may be taken by surprise by the ability of ordinary people to re-organise society (and the economy) to their own advantage

TruckerT

Like the 25% unemployed in USA during the last Great Depression?

http://en.wikipedia.org/wiki/Great_Depression

NeverInDebt

This numpty is a Chinese spammer bumping up post count as they have just been promoting a scam site on grabbit

weeallyes wrote: »

.Now they are owned by the population.

thor

John_Pierpoint wrote: »

How are you going to make them pay, when their wealth is tied up in (say) Ukrainian farm land, oil wells in Kurdistan, or gold coins in Switzerland?

This is why it has not happened. The rich are too stupid to realise that if they all coughed up some of their wealth it would be better for for their own interests in the long run. If things continue as they are can you honestly say that we won't end up in some 'bartertown/mad max' scenario where 'might is right'? and they will be scrambling around in the dirt like the rest of us.

Flight2quality

Its all units of fiat currency and the supply is expanding so messed up how much anything is really worth. Price means nothing all that matters is value.

John_Pierpoint

The rich will need to start worrying when there are riots on the streets of Zurich.

oldvicar

John_Pierpoint wrote: »

The rich will need to start worrying when there are riots on the streets of Zurich.

Army could help quell Zurich riots

Published: 22 Sep 2011 14:16 GMT+1

http://www.thelocal.ch/national/20110922_1259.html#

Flight2quality

Its not fraud they need a crackdown on, its giving up to thousands every week to housing benefit landlords though each low income family. It really is still thousands every week for some families with several kids.

This is proping up prices in London.

The cuts and caps are supposed to be coming in Jan 1st. If they are postponed again, how many people will be forced to move to cheaper accom? How much will this reduce average rents and house prices eventually?