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U.S. states' debt tops $4 trillion - Ahmadinejad says capitalism on verge of collapse
MsMorrisine
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from reuters
Iran says capitalism on verge of collapse
if you stack for SHTF, would you agree with Ahmadinejad ???
PS: don't forget the $2.5+ Trillion of consumer credit
Iran says capitalism on verge of collapse
if you stack for SHTF, would you agree with Ahmadinejad ???
PS: don't forget the $2.5+ Trillion of consumer credit
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Knowledge is the enemy of fear
some are looking for SHTF....
me? well, even if SHTF that's not necessarily the end of capitalism.... we know who is to blame: the politicians.
Others? if SHTF, is that the end of capitalism?
But Collapse No.
"We'll just re-mortgage (because we don't learn that easily).
Look at where we are at, then compare it to elsewhere. Still glad I'm here.
We complain, but can't just blame the politians. We're all responsible.
Knowledge is the enemy of fear
<< <i>Greed is a human emotion. Capitalism has some roots in greed. As long as there are humans there will be capitalism. >>
As long as there is money, there will be capitalism. I believe someday there will be no money, but I don't believe we will live to see that day.
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<< <i>from reuters
Iran says capitalism on verge of collapse
if you stack for SHTF, would you agree with Ahmadinejad ???
PS: don't forget the $2.5+ Trillion of consumer credit >>
Ahmenijad runs a country that can no longer provide enough housing for its residents. They no longer can sell oil on the marketplace. They have one of the highest rates of heroin addiction (% wise).
They can not defend their computer systems primarily their nuclear sites. Their newest fighter is a reverse engineered f-14. It wouldnt last long in a dog fight today.
It sounds to me that iran collapsed and theyre trying to divert attention. Ohh wait that is what's happening
Afghan President Hamid Karzai said the narcotics trade was hurting Afghanistan's economic and social development.
Ya think? I wonder how much he pulls in from the narcotics trade vs. US aid?
I knew it would happen.
Ah yes Opium, another of the blessings bestowed on the world by the british east india company
Now there is a company that was well versed in Crony Capitalism
<< <i>You seriously gonna take advice from a terrorist? >>
Good point but even a broken clock is right twice a day.
Worry is the interest you pay on a debt you may not owe.
<< <i>Greed is a human emotion. Capitalism has some roots in greed. As long as there are humans there will be capitalism. >>
Simply put, capitalism is the respect for other's property and contracts.
Knowledge is the enemy of fear
FDR removed the gold standard altogether and was on life support in 1963 when the military
industrial complex completed their coup. By the time Reagan came along their was just feasting
on the bones and inventing new ways to suck the very marrow from them.
A capitalistic society wouldn't rip you off at every turn and pay .5% interest while the bankers feast
on bonuses.
Now we have a planned economy and Romney promises he'll make 12,000,000 jobs if we just give him
a chance. Mind you, this is the "conservative" who'll invent these jobs rather than a "liberal". Obama will
give us 12,000,000 jobs by increasing spending and Romney willgive us 12,000,000 jobs by cutting taxes on
the wealthy so we can get some more of that there trickle down. In either case "capital" no longer means anything
because no new business is allowed to compete with our wasteful and inefficient big business.
So all the actual new jobs will go to China, India and places where "capital" can still build a better (or cheaper) mouse-
trap.
We're screwed and can't even teach kids how to read and write. We turn out consumers and they turn out users of capital.
I'm going to be in some group healthcare facility at 91 or so, looking up at the nursing assistant who, with a confused look on her face is playing with some tubing and asking "what does STAT mean, again? Is that the same as Code Blue? Should I call Dr. Ahmed on his satellite phone, or is it too early in Pakistan for me to call?"
I knew it would happen.
<< <i>We're screwed and can't even teach kids how to read and write.
I'm going to be in some group healthcare facility at 91 or so, looking up at the nursing assistant who, with a confused look on her face is playing with some tubing and asking "what does STAT mean, again? Is that the same as Code Blue? Should I call Dr. Ahmed on his satellite phone, or is it too early in Pakistan for me to call?" >>
something like that lmao. then again at that age who cares ( more or less )
<< <i>We're screwed and can't even teach kids how to read and write.
>>
History is packed with stories of the poor dumb guy who made a fortune and created thousands of jobs through innovation. True this country has a demographic problem that is a bit unique to itself, but America is not stupid.
Knowledge is the enemy of fear
good link rev
linkified
<< <i>good link rev
linkified >>
Here's another statistic from zero hedge: The derivatives market stands at 648 trillion: http://www.zerohedge.com/news/648-trillion-derivatives-market-faces-new-collateral-concentration-risks
How's that been working out over the past 4 years??
$6 trillion in new debt!