Roubini predicted the current mess more accurately than anybody

[I have WHAT in my yard?]

Getting rid of money is absurd. And regulating markets does not mean socialism. It does NOT mean getting rid of capitalism.

People keep throwing around the term socialism and have NO clue what it means. makes me crazy.

There are no pure monetary systems any more. They are all some version of mixed market. You want the US to be socialist? Then return to the fifties. Our economy and our government were at their MOST socialist in nature at the time when we were the most rabidly denouncing communism. Which is NOT the same thing, but most people don't know that nor do they know the difference.

You want "free markets" move to somalia. You want capitalism fix the system we have and return it to true capitalsim. BTW you wanna know how bad things got in the free market, check this story out

http://www.businessweek.com/magazin...chan=top+news_top+news+index+-+temp_top+story

 

[The Chicken Lady]

I have WHAT in my yard? :

Getting rid of money is absurd. And regulating markets does not mean socialism. It does NOT mean getting rid of capitalism.

People keep throwing around the term socialism and have NO clue what it means. makes me crazy.

There are no pure monetary systems any more. They are all some version of mixed market. You want the US to be socialist? Then return to the fifties. Our economy and our government were at their MOST socialist in nature at the time when we were the most rabidly denouncing communism. Which is NOT the same thing, but most people don't know that nor do they know the difference.

Great post!

 

[Sequin]

Just making sure everyone knew, I wasn't totally trying to be serious about getting rid of money. It was just a completely random thought that I tossed out there. Please, no need to be irritated or anything. I would hate to think I started anything by a random thought/comment.

Thanks!!

 

[I have WHAT in my yard?]

Quote:
No prob sequin.... I didn't think you were serious really. If you read my first sentence I was saying your post did not imply what carri said. No offense to (or from) either of you. I get all bent out of shape about economics because the system is SO screwed up and so few people seem to understand it.

Even my congressman sent out a letter about this situation that I thoroughly chewed him out for! It was not well vetted and was full of inaccuracies and flat out errors. Ugh!

Its actually the extremes of either end (no govt vs all govt) that define the middle. People want the middle but they don't realize it. They don't understand what it is.

Anyone who wants a better perspective take a look at this forum. It helps to at least scan it through it is a month worth of posts of gold traders internationally discussing what happened in Iceland. Which defines pretty well what could have happened here - and truthfully still could. Skip the arguments, just read what the Icelanders are going through.

https://www.kitcomm.com/showthread.php?t=26956

 

[DuckyBoys]

I think people start thinking socialism when they see the "bailouts" which in my opinion are arbsurd and stupid AND SOCIALIST. Look- if the market is going to fail - let the dang thing fail so we can all move on with our lives. Artificially inflating things back up will not make it better, it will only prolong the agony.

You really don't have to look that hard to see that socialism IS taking place here - no one is making anything up - they are simply watching the news. TODAY the government owns banks and next year the government for change will own car companies...what's next?

That is scary - and sorry if the big "S" word ticks people off, but I gotta call it as I see it. I don't want or need a welfare check from the government and to be honest I don't want to pay for someone else's welfare check either...call me crazy....but that is how I was raised.

Life doesn't come with a happiness good times guarantee - you gotta take the good with the bad and right now all I see from the news is a bunch of whiney people with their hands out complaining about the bad - where were they when the times were good? Buying houses to flip (or worse - houses they could never afford in the first place) and charging things on the old credit card and never stopping to think how they will pay it back.

I understand times are hard, I'm having hard times too - but really - do we want to fudge up the lives of our grandchildren just so we can have a "nice" Christmas shopping season? So we can artifically inflate the housing market and make all the sheeple feel good while distracting them from what is really happening?

I dont usually get on this soapbox over the internet because to be honest, I have better things to do - but SOCIALISM is here and I'll stand up and say it without apologizing.

 

[English Chick]

The world will be a better place when we Women take over....and I am not going to get on my soapbox on that one.......but we will get there one day...Women the true housekeepers for the planet......

 

[I have WHAT in my yard?]

I'm not completely disagreeing with you ducky
But LOOK at the history!

We were far more "socialist" by those standards in 1950 than we are now.

WHen the government controlled power generation as well as distribution, when gov't set wage controls, paid colleges directly to teach GIs and started the real community college programs to do it.........

But everyone who is so afraid of socialism swear the 50s were great. We were diggin out "reds" out of hollywood while the gov't was telling Father Knows Best what to put on the air!


I agree that bailing out these businesses was not a good idea. Mostly because I dislike the way it was done. But look at Iceland.

A socialist country that refused to bail out its industry, tried to bail out banks and still their economy failed completely. The bailouts are not socialism. Socialism requires the gov't to own the means of production and distribution. Even if the gov't owned the majority of the banks - which it does not - that is different from owning the means of production.