Re: Thanks to the lazy, the greedy, and the stupid for doing something the anarchists and communists couldn't possibly accomplish - bringing down CAPITALISM!!

On Aug 26, 11:06 am, rAzZbAr <gl...@xxxxxxxxxxxxxxxxxxx> wrote:
On Aug 26, 8:46 am, Sanity <sanity-cla...@xxxxxxxxxxxxx> wrote:

Bodhi, I usually click past your stuff, but I read this one out of
boredom wanting something, anything, to read. Capitolism isn't dead
and won't die until runnaway inflation is global and there isn't
enough computer storage space for all the zeros that dilute the Value
of the currency.

I don't think capitalism will ever die. It's a natural system. When
money is 'lost', it just changes hands and changes its barter value.
Money is cool. It's a universal barter item. As long as people have
trust that they'll be able to exchange it for something, they'll take
it and be able to use it. When it fails to be trustworthy, you have
something like happened in Germany in the 20's. But nature always
tends to balance things. A few years ago in Argentina, the money
became so worthless that huge flea markets sprang up using the barter
system. It wasn't long before the traders at these markets got
together and created their own currency that worked at the market. It
helped get the general economy going again because it facilitated
trading. Argentina is currently on an economic 'roll'.

Fiat currency is an artificial convention, not a natural phenomina.


I foresee the US economy as being very different in a year, and not in
a good way. All those mortgages falling thru are going to cascade to
other sectors of the economy, and Wall St. is going to be crying
"where's the money" for a while. But one thing is certain: For some
people, this disaster will be extremely profitable.

Joseph Kennedy made millions as a bear on Wallstreet in the crash of
29.


Wouldn't it be funny if China starts to throw its weight around and
say to us, "give your people health care or we will dump all our bonds
on the market at once". Eisenhower threatened to dump all the US
holdings of British and French bonds during the Suez crisis of the mid
50's, and probably kept a small war from getting a lot bigger.

Bottom line is, we're in the worst overall economic situation I've
ever seen. Hell, *I* am personally in a LOT better economic shape than
the "richest country in the world". But what the hey -- humble pie can
be very nourishing. I saw the aftermath of the recession in Seattle in
the early 70's (I moved to Hawaii before things got bad. Unemployment
reached 20% in Seattle for a while). The place was much nicer, had a
better sense of community, there was a lot of creative energy
expended. I'm glad I was out of town for the crash, but the end result
was basically more of a small town feel.

It's all good.......

.

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