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Topic: Economic Devastation - page 31. (Read 504746 times)

legendary
Activity: 2044
Merit: 1005
February 20, 2016, 07:09:18 PM
I highly doubt this is the case and in general. I suspect you overly generalized (and jump to conclusions) this one like many other comments you make. Since I do not know exactly what affects the 801k or whatever they call it in the states I cant comment on it but I do remember they went down ship when the market took a nosedive and many retirees were forced to work, it wasnt because of hedge funds stealing wealth.

I bet those same funds are doimg well right now.

Well then think about it again, it's nothing overgeneralization when it comes to greedy banks.

First of all most of the pensions are invested in the global bond market, so that is already a big red flag. Once the 30 year old bond uptrend goes south, many pension cuts will come, and folks will lose their pension savings.

Then we know that pension funds, private funds guaranteed, to work with banks to provide them an investment platform.

Many big private pension funds admitted that they traded with the banks too, and what they didnt admit is that the funds take over losing trades from banks.

Now the same could happen with public funds, aside from corupt politicians looting it, banks loot them too. For example in many countries the pension fund is also used to give out loans to corps, if they default, your pension is lost, that simple.


Are you making everything up as you go or do you have sources to back your wild claims?

Read zerohedge only for 1 week and you will see what I`m talking about. They have plenty of sources.
Not the best source, they are always conspiracy minded.. Sometimes they have nice articles but over the years ive learned to take them with a grain of salt.
hero member
Activity: 854
Merit: 1009
JAYCE DESIGNS - http://bit.ly/1tmgIwK
February 20, 2016, 06:08:39 AM
I highly doubt this is the case and in general. I suspect you overly generalized (and jump to conclusions) this one like many other comments you make. Since I do not know exactly what affects the 801k or whatever they call it in the states I cant comment on it but I do remember they went down ship when the market took a nosedive and many retirees were forced to work, it wasnt because of hedge funds stealing wealth.

I bet those same funds are doimg well right now.

Well then think about it again, it's nothing overgeneralization when it comes to greedy banks.

First of all most of the pensions are invested in the global bond market, so that is already a big red flag. Once the 30 year old bond uptrend goes south, many pension cuts will come, and folks will lose their pension savings.

Then we know that pension funds, private funds guaranteed, to work with banks to provide them an investment platform.

Many big private pension funds admitted that they traded with the banks too, and what they didnt admit is that the funds take over losing trades from banks.

Now the same could happen with public funds, aside from corupt politicians looting it, banks loot them too. For example in many countries the pension fund is also used to give out loans to corps, if they default, your pension is lost, that simple.


Are you making everything up as you go or do you have sources to back your wild claims?

Read zerohedge only for 1 week and you will see what I`m talking about. They have plenty of sources.
legendary
Activity: 2044
Merit: 1005
February 20, 2016, 04:19:05 AM
I highly doubt this is the case and in general. I suspect you overly generalized (and jump to conclusions) this one like many other comments you make. Since I do not know exactly what affects the 801k or whatever they call it in the states I cant comment on it but I do remember they went down ship when the market took a nosedive and many retirees were forced to work, it wasnt because of hedge funds stealing wealth.

I bet those same funds are doimg well right now.

Well then think about it again, it's nothing overgeneralization when it comes to greedy banks.

First of all most of the pensions are invested in the global bond market, so that is already a big red flag. Once the 30 year old bond uptrend goes south, many pension cuts will come, and folks will lose their pension savings.

Then we know that pension funds, private funds guaranteed, to work with banks to provide them an investment platform.

Many big private pension funds admitted that they traded with the banks too, and what they didnt admit is that the funds take over losing trades from banks.

Now the same could happen with public funds, aside from corupt politicians looting it, banks loot them too. For example in many countries the pension fund is also used to give out loans to corps, if they default, your pension is lost, that simple.


Are you making everything up as you go or do you have sources to back your wild claims?
sr. member
Activity: 420
Merit: 262
February 18, 2016, 05:10:16 AM
Until now, all crypto coins have been marketed to investors.

The steady addition of a constant of amount of new coins is analogous to gold miners expending resources to add gold to circulation.

Once a predetermined number of coins have entered circulation, the incentive can transition entirely to transaction fees and be completely inflation free.

Bitcoin the better gold.  Roll Eyes

Word.
sr. member
Activity: 420
Merit: 262
February 14, 2016, 05:34:15 AM
4. Most fundamentally to Synereo's design is I don't see how Greg's math model for the attention model (Reo & AMPs impacts) can be enforced on all nodes. I admit I didn't dig into the math and research he cites in the 56 page white paper (I do sort of understand it conceptually), but i think I don't need to because there is no way to enforce that all nodes will run the same math model. Additionally I think the concept of paying with AMPs to force content to move uphill against Reo is the wrong model, because the value of advertising is orders-of-magnitude smaller than the value that users get out of social networks. Thus the only model that makes economic sense is Reo. Removing AMPs of course destroys Synereo's funding and profit model, so would kill the project. Thus I don't expect them to adopt a corrected design.

Can you elaborate on the bolded part of your statement?

Go back to the prior Synereo thread I linked to and find the link that shows how much download music pays per play funded by advertising. You can see that "Don't Worry, Be Happy" with 30 million plays earned a $1000 in payouts. Certainly the value people get out of the music is worth much more than the advertising and this is apparently why free music distribution sites such as SoundCloud is transitioning away from advertising model towards a subscription and track sales model a la Spotify and BandCamp.

What people want to find on social networks is what other people want to share. They don't want to find what people were motivated to pay to spam them with. The Knowledge Age economy will be about quality of production, not salesmanship.

The entire paradigm of commerce and production is changing to one of merit and social benefit.
legendary
Activity: 1946
Merit: 1055
February 09, 2016, 09:05:31 PM
Have to highlight this article from ZeroHedge. Sounds like a very familiar thesis  Cheesy

http://www.zerohedge.com/news/2016-02-09/if-knowledge-power-it-also-wealth

Quote
Let's consider a syllogism: Knowledge is power, power equals wealth, so knowledge equals wealth.

Is this true? Author George Gilder thinks so. His book Knowledge and Power: The Information Theory of Capitalism and How it is Revolutionizing our World, proposes that (in Bill Bonner's apt phrase) "the economy is fundamentally a learning system, not a way for distributing wealth."

In Gilder's view, new information (i.e. knowledge) enables us to do things better, i.e. increase productivity. New knowledge is what creates value.

...
 
The cronies want to stop him, before he undermines the value of their old assets and old business models with new information. The zombies want to drag him down, leeching on him so greedily that he runs out of energy."
Gilder views vested interests limiting new knowledge as the real threat to the economy. This is the danger of "regulatory capture," when vested interests bribe the state (government) to erect barriers to competition to maintain monopolies and rentier privileges.

...

As Michael Spence and co-authors Andrew McAfee and Erik Brynjolfsson observed in their 2014 essay, Labor, Capital, and Ideas in the Power Law Economy, neither capital nor labor have scarcity value in the age of automation and nearly-free credit.“Fortune will instead favor a third group: those who can innovate and create new products, services, and business models.”

Value in the knowledge economy is not distributed equally. The return on abundant human labor and capital are very low, while the scarcity of skills and knowledge that create new products, services, and business models drives most of the gains to the creative class: “The distribution of income for this creative class typically takes the form of a power law, with a small number of winners capturing most of the rewards. In the future, ideas will be the real scarce inputs in the world -- scarcer than both labor and capital -- and the few who provide good ideas will reap huge rewards.”

sr. member
Activity: 420
Merit: 262
February 09, 2016, 05:18:49 PM
r0ach stated he is concerned about an insufficient supply of suitable farmland, and the information I linked to pointed out that we can grow food at 10X or more higher densities (on a yield basis) and without pesticides. Note this can be done at scale so not every person has to do it.

It was actually a more complex idea than that.  As long as there's abundant sea life and natural wild life (which in the context of humans are basically...resources), then you have the ability to "opt-out" of whatever system tyrannical humans establish.  Smooth seems to imply that all of civilization needs to be vertically integrated for maximum efficiency, and it doesn't matter if all the oceans are empty, food is entirely synthetic in a complex chain of labor custody, and every inch of land is covered with concrete.  In that instance, there is no opting out of anything, and you are in fact a permanent slave.

Outcomes like this are more likely to occur the higher both population and/or technology increases, and claiming anyone who identifies this fact is a "Malthusian" is ridiculous.  You will eventually not be able to opt out of anything, which is why people like Ted Kaczynski are not actually crazy.

Then go back to era before antibiotics and deal with the Blubonic Plague and other nasties.

The free resources life wasn't that good. Lifespan was very short. There was no electricity, etc.

Why are you on a technology forum? I think you want the Cave Man Hasn't Discovered Fire discussion and doesn't have a suitable weapon to fend off lions.

I don't know why you think the land with be concreted. The current trend is to further concentration of the population in the cities and abandon the rural areas. This should become more so when intensive agriculture can replace farmlands and as slower internet speeds of rural areas renders them uneconomic to habitat. There will be no shortage of land for those who want to go back to the simple life (and be very poor and have nothing to or able to trade to the mainstream economy which will be very interactive requiring fast internet).



Why are you on a technology forum? I think you want the Cave Man Hasn't Discovered Fire discussion and doesn't have a suitable weapon to fend off lions.

Bitcoin is a supposed solution to a monopolization problem.  Even if Bitcoin worked flawlessly, what I just talked about above is the real monopolization gorilla in the room that dwarfs it.  Like I said, even with a perfectly functioning Bitcoin that scales to infinity, it would be worthless if you're unable to opt out of a monolithic civilization at all.

You have conceptualized the problem incorrectly. Refer to the Economic Devastation thread in the Economics forum. This thread it the wrong place to discuss it.

In short (and please reply on the other thread), maximum division-of-labor (specialization) is a problem when Coase's Theory of the Firm is in control. But we solve this by lowering transactional costs between specialists, so the capitalists can't parasite via the Corporation.

It is a more complex discussion than we should have in this thread.

I am sad to see you are so pessimistic. I'd like to help you see the light (if I had more free time). I need to busy coding instead.
legendary
Activity: 2912
Merit: 1852
February 08, 2016, 01:19:46 PM
...

EUROPE got "devastated" today, their stocks crushed.  European banks were very weak, especially Deutsche Bank.  GREECE seems to "be back", how did we forget about Greece?

US stocks getting crushed.

US and German bond yields going way down (meaning value of their bonds going way up).

"Devastation" may be the word of the week.
hero member
Activity: 854
Merit: 1009
JAYCE DESIGNS - http://bit.ly/1tmgIwK
February 08, 2016, 09:51:18 AM
I highly doubt this is the case and in general. I suspect you overly generalized (and jump to conclusions) this one like many other comments you make. Since I do not know exactly what affects the 801k or whatever they call it in the states I cant comment on it but I do remember they went down ship when the market took a nosedive and many retirees were forced to work, it wasnt because of hedge funds stealing wealth.

I bet those same funds are doimg well right now.

Well then think about it again, it's nothing overgeneralization when it comes to greedy banks.

First of all most of the pensions are invested in the global bond market, so that is already a big red flag. Once the 30 year old bond uptrend goes south, many pension cuts will come, and folks will lose their pension savings.

Then we know that pension funds, private funds guaranteed, to work with banks to provide them an investment platform.

Many big private pension funds admitted that they traded with the banks too, and what they didnt admit is that the funds take over losing trades from banks.

Now the same could happen with public funds, aside from corupt politicians looting it, banks loot them too. For example in many countries the pension fund is also used to give out loans to corps, if they default, your pension is lost, that simple.

sr. member
Activity: 420
Merit: 262
February 08, 2016, 09:33:28 AM
However, the very success of social animals, their dominance, would be expected to contain the seeds of destruction - since the conditions for free-riding and parasitism are greatly increased by the expansion in numbers and the relative autonomy from environmental constraints such as food supply and predation.

(This can be seen very clearly in modern human society, where the large surplus of modern economies above subsistence allows for unprecedented levels of parasitic behaviour by individuals, and also groups - such as bureaucracies.)

....

A successful social species can therefore find itself in the situation when the main proximate constraint on reproductive success is competition within the species - and this creates many niches for more-or-less parasitic and exploitative behaviours (the individual profiting at the expense of the group).

...despite that many or most geniuses have below average reproductive success due to their energies and efforts being directed at non-reproductive, non-social goals.

Overall it is a good read and does remarkably jibe with what we were recently discussing. He introduces some more detailed ways to associate the evolutionary perspective with what you and I were alluding to upthread and in my Knowledge Is Alive! essay.

Note Eric S. Raymond is a genius and is very much into the social game, e.g. he coined the name "open source" and wrote the books on the open source phenomenon.

When he worries about the significance of parasitism, Bruce Charlton seems to make the same mistake as so many others (by not realizing the parasitism is only significant relative to those who don't enter the much higher valued/productive economy of knowledge formation and the entropic force of the Knowledge Age synergies is his social group selection in action, i.e. the entropic force of the Invisible Hand trends to maximum entropy ... and not just from the perspective of heaviness of atoms but encoding information in the genome, culture, and network that out-lives any individual death):

[...]

Nothing is infinite in the quantized (real) world, because the speed-of-light isn't infinite (for it is was the past & future would collapse into an infinitesimal point and we'd all be "proof its gone") and thus the heaviness of atoms isn't as informational (entropic) as human knowledge formation.


[...]

Readers I didn't intend to thread-jack the Zero cash thread with a sociology tangent about copyright, The Zero Marginal Cost Society, maximum-division-of-labor, the heaviness of atoms, and the Knowledge Age, but it just spawned spontaneously due to a debate upthread between CoinHoarder and myself.

Quoting myself:

[...]

Wherein I had pointed out that the entropic force and the Knowledge Age diminishes the relevancy of "the heaviness of atoms". Again I will (in the future) argue is also the essence of what I believe to be a myopia in Jorge Stolfi's stance in the open debate I postponed.

P.S. unfortunately I am lacking the energy to read more of Charlton's work. I barely made it through the last post you provided. Note biology was not my favorite subject in high school.
legendary
Activity: 861
Merit: 1010
February 08, 2016, 08:02:11 AM
What mostly concerns me is Europe.

Europe is predominantly retirees (low or negative birth rates exacerbate this), that own various european country bonds via their retirement plans. If interest rates go up, the bond values decline, and their retirement is toast. The politics is to appease subconscious denial, which is why you see Merkel talking tough and simultaneously making gradual steps towards centralized printing and fiscal controls. The savers want to penalize the non-savers, under some illusion that they can convert the non-savers, but they don’t accept culpability for causing the problem with a collectivist form of saving. If the collectivist non-savers were converted to collectivist savers, then who would borrow? Illogical.


Hmmm... Not sure of who you're talking?
Not all Europe retirees earn their retirement through national bonds.
Some countries like France pay the retirement rents through taxes and solidarity.
It's not solidarity. The word solidarity implies some voluntary endeavor. It's NOT voluntary at all.
sr. member
Activity: 381
Merit: 251
February 08, 2016, 08:00:08 AM
What mostly concerns me is Europe.

Europe is predominantly retirees (low or negative birth rates exacerbate this), that own various european country bonds via their retirement plans. If interest rates go up, the bond values decline, and their retirement is toast. The politics is to appease subconscious denial, which is why you see Merkel talking tough and simultaneously making gradual steps towards centralized printing and fiscal controls. The savers want to penalize the non-savers, under some illusion that they can convert the non-savers, but they don’t accept culpability for causing the problem with a collectivist form of saving. If the collectivist non-savers were converted to collectivist savers, then who would borrow? Illogical.


Hmmm... Not sure of who you're talking?
Not all Europe retirees earn their retirement through national bonds.
Some countries like France pay the retirement rents through taxes and solidarity.
legendary
Activity: 2044
Merit: 1005
February 08, 2016, 01:52:24 AM

Most 'state debt' taxes and pension funds in Europe benefits US retirees.

Most pension funds and taxes benefit the banks and hedgefunds.

How many corrupt pension managers (public or private) allow banks to dump their shitty trades in there? Guess what, all of them.

That is why the pension fund is empty or having problems, becuase it's constantly looted by the elite.



You know the well known phrase:  profits private, losses socialized....


Damn I want the taxpayers too to back my roulette gambling games Cheesy
I highly doubt this is the case and in general. I suspect you overly generalized (and jump to conclusions) this one like many other comments you make. Since I do not know exactly what affects the 801k or whatever they call it in the states I cant comment on it but I do remember they went down ship when the market took a nosedive and many retirees were forced to work, it wasnt because of hedge funds stealing wealth.

I bet those same funds are doimg well right now.
legendary
Activity: 2912
Merit: 1852
February 08, 2016, 12:44:55 AM
...

Here's a fun article from Zero Hedge, sketching out a very bad China scenario, it is mostly in fun, but thought provoking too:

http://www.zerohedge.com/news/2016-02-07/2016-year-when-china-put-trump-throne

Chinese risks are greater than most presume, IMO.  The above enlightens with ideas...
hero member
Activity: 854
Merit: 1009
JAYCE DESIGNS - http://bit.ly/1tmgIwK
February 07, 2016, 11:56:21 PM

Most 'state debt' taxes and pension funds in Europe benefits US retirees.

Most pension funds and taxes benefit the banks and hedgefunds.

How many corrupt pension managers (public or private) allow banks to dump their shitty trades in there? Guess what, all of them.

That is why the pension fund is empty or having problems, becuase it's constantly looted by the elite.



You know the well known phrase:  profits private, losses socialized....


Damn I want the taxpayers too to back my roulette gambling games Cheesy
legendary
Activity: 1946
Merit: 1055
February 07, 2016, 07:44:14 PM
So I ran across the two blogs of Bruce Charlton this weekend. He is a professor of theoretical medicine having completed a doctorate
in neuroendocrinology with postgraduate training in psychiatry and public health. They are located here

http://iqpersonalitygenius.blogspot.co.uk/
http://charltonteaching.blogspot.com/

Fascinating reading. Below is a sample of one of his posts that I felt fit well with this thread.



General properties of Group Selection and the 'group mind' (in relation to the adaptive production of geniuses)

The major function of group selection is presumably directly to promote the sustained reproductive success (lineal survival) of the group, in face of the spontaneous tendency for random change to promote the individual (and other lower level, below group) levels of selection.

For example, group selection would be of value in sustaining the cell in face of the tendency of cell components (for example the nucleus, or of evolvable organelles such as the mitochondria, chloroplast or centriole) to become 'free-riders' or parasites (taking net reproductive benefits from the cell, while contributing less than this to the cell, or nothing, or actively-harming the probability of the survival and ultimately reproduction of the cell).

A more clear cut example is the individual specialized cell in the context of a multicellular organism; there is a tendency for individual cells to evolve towards 'opting out' of the coordinated cooperation of the whole organism  - and taking more than they give. This is termed neoplastic change, and the tendency is what leads to cancers - cancers constitute an internally-generated cellular parasite.

But the main posited role for group selection has been in the context of animal society - especially in social animals (social insects such as ants or bees, and social mammals such as many primates including Man - as well as other mammals with differentiated social roles such as naked mole rats or meerkats).

The problem for the sustained survival of social animals over many generations is that individuals tend to evolve to enhance their personal reproductive success at the expense of the group - taking benefits from social living while avoiding the costs and duties of social living - thereby destroying the social structure.

The fact that social animals are known to have existed over many generations is evidence that his problem has been solved historically - and the underpinning mechanism is usually regarded to be kin selection (aka inclusive fitness) together with reciprocity (the mutual benefits of cooperation).




The difficulty with such individual level mechanisms as kin selection is that they must themselves evolve in a context where the spontaneous tendency is for adaptations to be lost - on top of the spontaneous tendency for kin selection and reciprocity to be damaged by spontaneous mutations. In other words it is very difficult to evolve a high level mechanism of social living on top of all the other layers of cooperation at sub-cellular and cellular levels - all of which are vulnerable to destruction by spontaneous mutations.

This is presumably one reason why social animals have been a late arrival on the evolutionary scene, in the past couple of hundred thousand years - however, once a stable and sustainable adaptation had arisen to enforce sociality, these animals have more-or-less taken over the earth by becoming the dominant species. Thus ants and termites dominate the tropical regions (in terms of biomass) while more recently humans have come to dominate the temperate zones.

Clearly sociality is a tremendous advantage - the difficulties are in evolving it, and sustaining it in the face of continued spontaneous mutations with each generation; and the tendency of sub-lethal deleterious mutations to accumulate generation-upon-generation; plus any environmental change and variety which is itself a consequence of the high adaptiveness of these species.

However, the very success of social animals, their dominance, would be expected to contain the seeds of destruction - since the conditions for free-riding and parasitism are greatly increased by the expansion in numbers and the relative autonomy from environmental constraints such as food supply and predation.

(This can be seen very clearly in modern human society, where the large surplus of modern economies above subsistence allows for unprecedented levels of parasitic behaviour by individuals, and also groups - such as bureaucracies.)




A successful social species can therefore find itself in the situation when the main proximate constraint on reproductive success is competition within the species - and this creates many niches for more-or-less parasitic and exploitative behaviours (the individual profiting at the expense of the group).

In the short-term, the fastest and most secure route to enhanced reproductive success is to exploit other humans (rather than cooperate with them) - and this would tend to destroy the social structure by reproductively favouring the least social individual animals.

Group selection entails that the group has an identity, that this identity must have integrity over time, and that it be transmissible between generations. This group identity must be able to sustain itself and should also be potentially further-adaptive to some extent.

Group identity needs to be of a cognitive and behavioural nature - in other words there must be strategizing knowledge and also some kind of reasoning from this knowledge. In sum, group selection requires a group identity; and group identity requires a teleology, aim or purpose; and that purpose should 'know' (with better than random probability) how to implement itself in individuals within that group.

This is probably the basis of the intense modern suspicion of and hostility to group selection - this idea that group selection entails something like a group purpose, memory and 'mind' - which superficially sounds like a non-biological, maybe even supernatural, kind of thing.




However, social animals are based on communications between networks of individuals, and the idea of conceptualizing the complex interactions of individuals in terms of being a type of 'computational' or 'cognitive' process is actually fairly mainstream - for instance in the theories of complex systems, the mathematics of chaos and complexity and elsewhere.

So, in principle, there is no reason to exclude the possibility that webs of complexly interacting social animals can be considered as higher level, group entities - which have a tendency to sustain and reproduce themselves.

Furthermore, these networks of communications fall into patterns, and these patterns may be self-sustaining and with a tendency to expand - so there is a potential mechanism for non-genetic inter-generation transmission.

In other words, the group-level entity is a pattern of communications which is both influenced by and also influences the communications (and behaviours) of the individual components of that patter: the individual organisms. And this pattern of communications will tend to fall into relatively stable forms, forms that resist change.

(Such a stability of forms is something which has cropped up in many areas of science over more than 2000 years - since at least the time of Aristotle with his elaboration of a finite number of archetypal 'forms' or relatively stable conformations into which all things will tend to 'fall; modern conceptualizations of the same basic idea include 'strange attractors' and 'morphic fields'.)




I do not see any fatal difficulty in supposing that relatively stable and 'cognitive' patterns of inter-individual, group communications would be transmissible between generations of social animals - given that these generations are overlapping (with new group members incrementally arriving and maturing, while others are leaving and dying - but without a break in the continuity of communications).

Such a concept of 'group mind' would have implicit purpose (survival and self-propagation) implemented by problem solving and strategizing properties including memory and intelligent processing.

Therefore, in principle, this group mind entity could identify problems among individuals within the group, and (to a significant extent) suppress selfishness at the individual level - also it could foresee (with better than random probability) the need for (or potential benefits from) certain types of individual which would be useful to the group survival and reproduction. Then individuals of this type might be induced to arise from the group - perhaps by the kind of developmental switching posited by Life History theory.

So, for the putative example of genius - it seems possible that the group mind might detect and appreciate the need for, or potential benefits from, an increase in the production of geniuses (i.e. those individuals characterized by what I have termed an Endogenous personality comprising a triad of high intelligence, intuitive thinking and inner motivation).

Having calculated that such individuals would probably be of value to the group - it seems possible that either the developmental trajectory of individuals might be directed towards becoming a genius - or more fundamentally that suitable pairs of individual parents (especially those characterized by high intelligence - low mutational load) might (perhaps by broadly 'epigenetic' means, by affecting gene switching, activation, suppression etc) lead to the sexual conception of more potential geniuses who are designed to benefit the group survival and reproduction, even when this tends to reduce the probability of reproductive success in the individual geniuses.

So this above scheme could, in broad brush terms, provide a group selection mechanism by which the group benefits of genius might be acquired when the group circumstances require, despite that many or most geniuses have below average reproductive success due to their energies and efforts being directed at non-reproductive, non-social goals.
sr. member
Activity: 420
Merit: 262
February 07, 2016, 05:41:51 PM
member
Activity: 79
Merit: 10
February 06, 2016, 01:26:33 PM
The articles are of course very long and complex to read. But it is quite certain that we are on the verge of a collapse.

In simple terms, look around all the economies. Everyone is under a debt. I mean seriously? Who is the winner if all the countries are owning money to each other and the so-called World Bank and what not?

What makes the problem worse is the rapidly diminishing resources. It is quite obvious that as the population continues to increase around the world, so will the demand for resources. And well, we all know how much Mother Nature is able to hold up with us. So if we don't have the resources to buy/sell, how will we get over our debts?

Simply a hole too deep now...
legendary
Activity: 1260
Merit: 1002
February 06, 2016, 12:33:22 PM
What mostly concerns me is Europe.

Europe is predominantly retirees (low or negative birth rates exacerbate this), that own various european country bonds via their retirement plans. If interest rates go up, the bond values decline, and their retirement is toast. The politics is to appease subconscious denial, which is why you see Merkel talking tough and simultaneously making gradual steps towards centralized printing and fiscal controls. The savers want to penalize the non-savers, under some illusion that they can convert the non-savers, but they don’t accept culpability for causing the problem with a collectivist form of saving. If the collectivist non-savers were converted to collectivist savers, then who would borrow? Illogical.


How are you supported to raise a family with 80% taxes and minimal wage, it's crazy. Meanwhile the already old people need pensions so taxes keep rising. Fuck!

The socialist system is suicide.

Most 'state debt' taxes and pension funds in Europe benefits US retirees.
hero member
Activity: 854
Merit: 1009
JAYCE DESIGNS - http://bit.ly/1tmgIwK
February 06, 2016, 12:03:32 PM
What mostly concerns me is Europe.

Europe is predominantly retirees (low or negative birth rates exacerbate this), that own various european country bonds via their retirement plans. If interest rates go up, the bond values decline, and their retirement is toast. The politics is to appease subconscious denial, which is why you see Merkel talking tough and simultaneously making gradual steps towards centralized printing and fiscal controls. The savers want to penalize the non-savers, under some illusion that they can convert the non-savers, but they don’t accept culpability for causing the problem with a collectivist form of saving. If the collectivist non-savers were converted to collectivist savers, then who would borrow? Illogical.


How are you supported to raise a family with 80% taxes and minimal wage, it's crazy. Meanwhile the already old people need pensions so taxes keep rising. Fuck!

The socialist system is suicide.
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