05-01-2012, 13:19
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#16
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Permanently Banned
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Re: Bad debts in China?
Quote:
Originally Posted by Pog66
Or embrace Communism like....ahem ...China  |
Not Communism, I agree that It did not work at all, we are Stuck with Capitalsim, but we need to change it!
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05-01-2012, 14:40
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#17
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Still alive and fighting
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Re: Bad debts in China?
Quote:
Originally Posted by Alan Fry
A better form of capitalism that represents the rest of us, not just the very rich!
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Spot on for once Alan.
---------- Post added at 13:40 ---------- Previous post was at 13:39 ----------
Quote:
Originally Posted by Pog66
Or embrace Communism like....ahem ...China |
The one thing we do not want is Communism.
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“The only lesson you can learn from history is that it repeats itself”
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05-01-2012, 15:50
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#18
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Still alive and fighting
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Re: Bad debts in China?
Quote:
Originally Posted by heero_yuy
No matter what the system the **** will always float to the top.
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Yes that often seems the case.
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“The only lesson you can learn from history is that it repeats itself”
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05-01-2012, 19:55
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#19
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Guest
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Re: Bad debts in China?
If a new system was devised it would be the rich and powerful of today devising it so basically nothing would change so why even bother lol. I am sure something big is coming but no idea what or when hey here's a thought maybe there is more to this whole "world ends december 21st" thing so they all went spending nuts knowing they didn't have to pay it back  .
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06-01-2012, 11:55
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#20
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Permanently Banned
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Re: Bad debts in China?
Quote:
Originally Posted by RizzyKing
If a new system was devised it would be the rich and powerful of today devising it so basically nothing would change so why even bother lol. I am sure something big is coming but no idea what or when hey here's a thought maybe there is more to this whole "world ends december 21st" thing so they all went spending nuts knowing they didn't have to pay it back . |
The Mayans meant that December 21th 2012 would be the end of an era, maybe the old order will be overthrown by then!
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06-01-2012, 11:59
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#21
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laeva recumbens anguis
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Re: Bad debts in China?
How do you know what the Mayans meant?
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06-01-2012, 12:09
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#22
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Re: Bad debts in China?
Quote:
Originally Posted by Hugh
How do you know what the Mayan's meant?
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I meant what the Mayans meant about what would happen onn the 21th December 2012, the one which has casued "the end of the world" claims
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06-01-2012, 12:29
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#23
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Inactive
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Re: Bad debts in China?
Quote:
Originally Posted by Rob
One thing I don't get is that if everyone is owing everyone money, who actually has the money that has been loaned in the first place. Or is the reality that this money never existed and the economics that have fuelled the industrialised world economy always been on a false pretence that has now been exposed as one big lie? And assuming that is the case, are we very close to a real meltdown as nobody can pay their bills.
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I've been puzzling over that same issue for some months now. As far as I can tell the money doesn't actually and never actually existed. If you look at it from a personal level it seems to be easier to comprehend. Suppose you go to your bank for a loan and they grant it. They then credit your account. Now YOU have a debt and the bank shows that debt as a positive value on their accounts. However, no money has actually been moved around, the bank has created that credit out of thin air.
Apply the same logic to international finance. These numbers are apparently created in the same way to balance the books between countries. It all appears to be a 'trust' game with everyone involved agreeing to play the 'fiat' game by the rules. The big banks hold immense amounts of imaginary money in the form of these debts which apparently makes them quite wealthy.. However, it all depends on all the players continuing to honour this insane system.
Now suppose one country says "I'm not playing anymore and you can't have your monopoly money back". Oops, suddenly a load of wealthy banks are revealed as rather the opposite. And what happens if a major number of Eurozone countries say the same?
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06-01-2012, 13:51
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#24
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Permanently Banned
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Re: Bad debts in China?
Quote:
Originally Posted by Osem
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They'll soon recoupe it back when the money from the sale of cheap TV's filters through to them.
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