Reality says that until the world governments act in unison, all efforts by a single country will probably falter...
Could we be looking at a big fall in the market.... fixed by a one world government? Am I hearing the hoofs of four horses?
Everyday it just seems to appear more possible than the day before!
Anyone hear trumpets....
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As long as there is a healthcare lobby in DC (bribed government), prices for the sector will remain artificially bloated, the government will continue to take on debt rather than individual politicians be confronted with saying "no" to institutions that make and break political careers.
Rome was a Democracy and it failed for a similar reason.
The Roman Senate favored the influential wealthy classes over farmers, gave farm lands way for the wealthy to build luxury villa's and then created the Bread and Circus to feed newly impoverished ex-farmers.
In our modern world, we have the influence of the healthcare lobby, and the "bread and circus" of Medicare.
We're twice as expensive as any other country in the world, that's no coincidence.
Biblical..... Say it ain't so!~
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This is the way the world ends
This is the way the world ends
This is the way the world ends
Not with a bang but a whimper.
The wise men have spoken... HOORAY!!!!!!
Actually, perhaps it is the markets that will save democracy from itself.
MP, Democracy is always messy. Remember it was a democracy that had Socrates drink the hemlock.
They told him it was a form of Viagra.
What I mean is that the free market will save democracy from its own excesses, like paying people too much money not to work and creating a healthcare system to nurse them to death after feeding them the unhealthy things that they have incentivized the food delivery system to produce.
The market will take care of all these things in time.
What I mean is that the free market will save democracy from its own excesses, like paying people too much money not to work and creating a healthcare system to nurse them to death after feeding them the unhealthy things that they have incentivized the food delivery system to produce.
The market will take care of all these things in time.
Haha, the food industry won't change to be more healthy. There are better margins in cheap crappy food than good expensive food. Most of corporate America today is run by bean counters which look towards improving earnings reports and less on the long term outlook of a company. Jobs was one of the few that cared more about the long term and less about earnings reports (but that's because he was a power monger as well as cheap) which is partly why AAPL did quite as well as it had. Until companies go back to caring more about their product and improving the lives of their consumers and less about their bottom line and earnings reports, I don't see the free market fixing itself.
Side note: I consume a lot of sugary products but also grow my own vegetables as well as drink buckets of water a day (to avoid sodas, coffee, and alcohol).
Side note: I consume a lot of sugary products but also grow my own vegetables as well as drink buckets of water a day (to avoid sodas, coffee, and alcohol).
I want the role of Woody Harrelson, wired on sugar & caffeine, rambling endlessly on a HAM radio about "Earth crust displacement"
"All right everyone move along, nothing is going on here." Isn't that what they are going to tell us. Everything has been sold to the highest bidder, our news organizations our politicians and even the Fed has given China direct access to the treasury market. Our biggest enemy now can crash our entire system, just one man, with the push of a button.
I believe that's called "trickle-down globalization", or some facsimile thereof.
I think you have misheard reality. world got through the 1920s. We will get through this.
The roaring 20's were good times.
1874 gangs took over the streets of major cities. We grew our own food and circumstances are much different today.
http://en.wikipedia.org/wiki/Panic_of_1873
The big difference is money was backed by something. Today money is backed by nothing. That is all you need to know!
1874 gangs took over the streets of major cities. We grew our own food and circumstances are much different today.
http://en.wikipedia.org/wiki/Panic_of_1873
The big difference is money was backed by something. Today money is backed by nothing. That is all you need to know!
Snow, if you think about it, gold in and of itself has
little value, it is only deemed valuable because people believe it has value.
So what is the “full faith and credit” backing the dollar? Isn’t it too
something that only has value because people believe it has value? We are no
longer talking about Salt as money, where the item has a real utilitarian use.
Money has long ago lost its real connection with useful existence, and whether
it is backed by shiny metal or just straight belief, it would be of little
consequence if people refused it as a medium of exchange.
sp, u r absolutely right and can add another point - the Sage of Omaha and hid buddy declared gold uncivilized investment. I just wonder why this uncivilized metal has been used by people for 5000 years. You are a wise man, any shares that have been around for even 1/10 of this time
Money is a convention. It certainly makes exchange easier than barter. It certainly is easier to store than goods. However what two parties wish to countenance as money is just a matter of faith, a convention. The Indians wanted beads for Manhattan; paper money would have been laughable, no matter how large the pile. After a war, the losing sides money is generally seen as worthless, but their goods are often coveted.
If Greece goes back to the Drachma, they will have a hard time finding takers for the currency, and when they do the terms will be stiff. I find it hard to believe that the average Greek doesn’t understand this. If the country was basically self sufficient, this could be dealt with (although not without consequence.) No one in Greece sees the country that way. Ultimately, it was be financially suicidal for Greece to vote to leave the Euro, and the cost to Europe would be rather light, IF the problem could be halted there.
I differ in the blind belief of free market price discovery, because this is not a free market, and your selected topic of healthcare is perfect to demonstrate the point.Market Pawn said: They told him it was a form of Viagra.
What I mean is that the free market will save democracy from its own excesses, like paying people too much money not to work and creating a healthcare system to nurse them to death after feeding them the unhealthy things that they have incentivized the food delivery system to produce.
The market will take care of all these things in time.
As long as there is a healthcare lobby in DC (bribed government), prices for the sector will remain artificially bloated, the government will continue to take on debt rather than individual politicians be confronted with saying "no" to institutions that make and break political careers.
Rome was a Democracy and it failed for a similar reason.
The Roman Senate favored the influential wealthy classes over farmers, gave farm lands way for the wealthy to build luxury villa's and then created the Bread and Circus to feed newly impoverished ex-farmers.
In our modern world, we have the influence of the healthcare lobby, and the "bread and circus" of Medicare.
We're twice as expensive as any other country in the world, that's no coincidence.
Incubus, Rome was not a democracy. Rome was strong in the republican period, while its demise came several centuries after become a monarchy. However, I think you've captured adequately part of what led to its decline. And it did have quite an entitlements problem. For example, soldiers were generally promised land if they went off to fight for Rome; problem was, there wasn't enough and to go around. They were promised what the government couldn't deliver. Similar to our pension and entitlements system of today.
What I meant about the market sorting it out is precisely this. We'll just continue to borrow money to meet these commitments until the market doesn't want to purchase any more of that debt. Then there will be a problem.
What I meant about the market sorting it out is precisely this. We'll just continue to borrow money to meet these commitments until the market doesn't want to purchase any more of that debt. Then there will be a problem.
Arguably, Rome was a mixture of indirect Democracy/oligarchy (pretty much what we now are), the Senate (in theory) consulted with the interests of their constituents in mind, but that debate would be pointless for the fact that we seem to agree on the premise.
Ultimately, your point that "the market will borrow until it won't" is somewhat in sync to my own point.
Our government is borrowing to maintain the systematic & artificial bloating of prices via debt, instead of allowing the consumer to price it, or at least by regulating or negotiating prices that are paid in borrowed tax dollars.
Interesting note for a small but growing industry, medical tourism - it's cheaper to pay airfare and fly to India for most major procedures than to buy health insurance inside America.
It's only a matter of time before some type of healthcare "travel agencies" hit the mainstream market....or maybe cruise liners convert to floating hospitals just outside US jurisdiction on international waters.
Ultimately, your point that "the market will borrow until it won't" is somewhat in sync to my own point.
Our government is borrowing to maintain the systematic & artificial bloating of prices via debt, instead of allowing the consumer to price it, or at least by regulating or negotiating prices that are paid in borrowed tax dollars.
Interesting note for a small but growing industry, medical tourism - it's cheaper to pay airfare and fly to India for most major procedures than to buy health insurance inside America.
It's only a matter of time before some type of healthcare "travel agencies" hit the mainstream market....or maybe cruise liners convert to floating hospitals just outside US jurisdiction on international waters.
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