by ClakarEQ » Tue Feb 17, 2009 9:46 am
Nate, to comply with your request, we'd have to lock down budgets, not spend a dime, this will result in further collapse. However that isn't to negate the point you make, collapse could be unavoidable. BTW there is zero certainty in any of this, this isn't balancing your check book. Also that site you linked seemed to prey on folks "fears" of the unknown.
Option A) Inject cash into the system in an attempt to get folks spending, and really just get money moving from hand to hand. This can build new industry, new tech., new oppertunity, the engine will stop being idle and actually pick up speed.
Option B) Do nothing, let the banking system collapse, let the housing system re-collapse, let industry collapse, let our 401ks, retirements, etc all get liquefied, etc.
Perhaps your blind by your age, I'm not sure, perhaps your parents are rolling in money, perhaps you have enough cash to pay for your parents retirements. However if you are this person then you are probably about .1% (if that) of the overall population. WTF do you plan on doing for the baby boomers that are just now dieing off? How about the 30-40-50 something's that have hundreds of thousands of dollars invested into a system that will become liquid. How is your solution helping them?
What I hear from you Naet is you're saying fuck all them, let them all go bankrupt, take it on the chin, etc. But who is going to pay for all those people, you realize all the folks you want to fuck over are a bigger drain on the system then folks that have jobs, homes, pay taxes, etc.
As for all this debt, you know what, who cares. Who is going to come to our front door and say, hey bro, it's time to pay up. While our country is shifting away from the power we had, until the process is done NO ONE we owe is going to ask us for cash. Our country is the engine and our people are the oil to a global economy. You take the US out and the global economy would collapse in the short term, far far worse than what we see right now.
Until all the uber rich investors get ALL their money out of our system, we are somewhat safe against the collectors. However we still hold the keys to the car and we still generate an ass ton of cash for uber rich folks.
/rant off
Naet, what is you would do different? It is easy to poke holes in a direction set by someone else, but typically folks that bitch about this solution or that solution tend to offer nothing but bitching. They also tend to have tunnel vision and think short term, and frankly only think of themselves.
