Is capatalism failing?

[scose-no-doubt]

Capitalism has already failed, it failed the day the decision was made to bail out the banks and there will be big repurcussions worldwide because of this.

Capitalism was a theory on how to do things that failed because the powers that be let it fail, if the banks had been allow to crash and burn then Capitalism would still be intact... now there is no theory on how to do things as we interfered with the model and made it exctinct.

But the way i see it is that Capitalism may just survive if the banks that were meant to fail still do fail even if this takes some time to happen, if all the money that they throw at this huge problem does not work then Capitalism is still in effect.

On that note i will leave you with a quote....

"It is perfectly obvious that the whole world is going to hell. The only possible chance that it might not is that we do not attempt to prevent it from doing so."

J. Robert Oppenheimer

I thought it failed when big oil, banking dynsties, ratings agencies, bilderberg types and so on began to collaborate on a never before seen scale to further their own goals. IMO the governments are just blowing air into a burst tyre.

 

[Splitlink]

What is the alternative to capitalism? Whatever it is, there will always be those at the top and those at the bottom. We have had it with fascism and communism. Perhaps, in some way, debt should be curtailed or eliminated. The US has everyone financing its debt and China holds trillions of dollars that it can't get rid of. These nations are two extremes with us small fry lying in the middle with the UK owing 179 billion, peanuts compared to Greek debt. If this debt could be controlled, in some way, we might be able to live with capitalism, but it needs a real world finacial control.

 

[N Rothschild]

Thing is we had to go give the Greeks some money so they could invest a bit in education to get their sex habits properly modernised.

Lol I was on the train the other day reading some trashy newspaper and a bordello in Cologne has a reopening and is offering a free fathers day half hour with the lady of your choice lol.

www.pasha.de

Didn't say the offer was only available for Greeks tho haha.

a few of my friends have frequented pasha

 

[N Rothschild]

What is the alternative to capitalism? Whatever it is, there will always be those at the top and those at the bottom. We have had it with fascism and communism. Perhaps, in some way, debt should be curtailed or eliminated. The US has everyone financing its debt and China holds trillions of dollars that it can't get rid of. These nations are two extremes with us small fry lying in the middle with the UK owing 179 billion, peanuts compared to Greek debt. If this debt could be controlled, in some way, we might be able to live with capitalism, but it needs a real world finacial control.

179? its more like 900..

 

[BSD]

a few of my friends have frequented pasha

Yeah send em right over again - holiday here today, fathers day freebie - what more can one ask for ??

 

[Black Swan]

Nouriel Roubini had a suggestion which naturally bombed...

At the time of the bank collapse he suggested individual debt slaves (us customers, but not corporations) should be let off their debts as opposed to the banks being re-capitalised. I'm surprised the collective choking at the tables of the masters of the universe didn't cause a sonic boom that wiped out all the inhabitants of earth...

On reflection and with 20-20 hindsight, the overall solution he suggested was the only one. The 20-30 year socialising of the debt on to us fools, in order to ensure the credibility and integrity of the money supply for the super rich and powerful, will create zero growth anyhow.

 

[scose-no-doubt]

Thats my solution too BS. Everyone stops paying everything back. Individual debts are financed outside of capacity as worker so you can still have an income stream. Companies can't as they need cash flow and need to maintain trade creditors etc blah blah blah.
Only problem is you need strength in numbers. I'm talking 15-20 million UK defaults. Only way for people to takle power back. Look how a union can cripple BA. Imagine handing that ransom note to those that don't want to give us, us free. The thought is orgasmic.

 

[N Rothschild]

LOL.

Rothschild really should mind his manners a little more.

If I may, can I ask you to save a little of your bail-out fund and not give it all to the Greeks? I don't know if you are aware of the state that Britain is in, but I have a feeling that, were we to march on Berlin again, we would have have to get a loan from Germany to buy boots.

thats why we go along with anything america does, called paying your insurance premiums

 

[Black Swan]

179? its more like 900..

Correct, baffles me how the various talking heads in the mainstream media get away with this; the deficit is simply an overdraft, the combined capital debt breaks down something like this (may be exaggerated for dramatic effect, but not by much)

£1 trillion forward debt for public sector pension guarantees...
£850 billion total guarantee for the bank rescues..
£200 billion Q.E...
£850 billion existing UK debt...
Oh..and the deficit...​

£100K extra goverment debt for just about every UK household that has to be socialised in order that profits for the rich can be privatised...The average mortgage in the UK is circa £130K...Oops, it's now actually 230K 'cos we have to pay back the mess the banks and the previous administration got us in...

It is a completely insoluble economic and mathematical problem without a re-set to zero...We are akin to the third world in monetary and fiscal mismanagement terms, the debt needs to be written off..

 

[Splitlink]

179? its more like 900..

Of course, 179 is the budget requirement. 900 is much more respectible.

 

[N Rothschild]

QE isn't part of uk national debt

 

[nunrgguy]

Maybe go back to the gold standard to stop central banks just creating money out of thin air? Principle cannot equal principle + interest unless we have exponential population growth and raping of the world's resources so it's still all doomed to ultimately fail when it all runs out, whatever it might be - coal, oil, metals, water, land, food, oxygen etc.

Maybe negative growth is the only solution? Dunno??

 

[N Rothschild]

Correct, baffles me how the various talking heads in the mainstream media get away with this; the deficit is simply an overdraft, the combined capital debt breaks down something like this (may be exaggerated for dramatic effect, but not by much)

£1 trillion forward debt for public sector pension guarantees...
£850 billion total guarantee for the bank rescues..
£200 billion Q.E...
£850 billion existing UK debt...
Oh..and the deficit...​

£100K extra goverment debt for just about every UK household that has to be socialised in order that profits for the rich can be privatised...The average mortgage in the UK is circa £130K...Oops, it's now actually 230K 'cos we have to pay back the mess the banks and the previous administration got us in...

It is a completely insoluble economic and mathematical problem withuot a re-set to zero...We are akin to the third world in monetary and fiscal mismanagement terms, the debt needs to be written off..

everything has a reset to zero, just might not be very pretty thats all.

 

[Splitlink]

"It is a completely insoluble economic and mathematical problem withuot a re-set to zero...We are akin to the third world in monetary and fiscal mismanagement terms, the debt needs to be written off.. "
__________________
The problem is that no country is going to be the first to step up to the plate.

 

[Black Swan]

Thats my solution too BS. Everyone stops paying everything back. Individual debts are financed outside of capacity as worker so you can still have an income stream. Companies can't as they need cash flow and need to maintain trade creditors etc blah blah blah.
Only problem is you need strength in numbers. I'm talking 15-20 million UK defaults. Only way for people to takle power back. Look how a union can cripple BA. Imagine handing that ransom note to those that don't want to give us, us free. The thought is orgasmic.

Look how rate sensitive we are, base rates should be at 5% now, but that would be economic and political suicide as mortgages would then have to be 10% to pay back the mess the banks are in..Even with rates at 0.5% 10,000 properties were repossessed in the first Q of 2010... and the biggest repo merchants were the goverment owned banks, accounting for 55-60% of repos...

http://www.telegraph.co.uk/finance/...ners-unable-to-afford-interest-rate-rise.html

An overused quote from Henry Ford but useful;

It is well enough that people of the nation do not understand our banking and monetary system, for if they did, I believe there would be a revolution before tomorrow morning​

 

[Black Swan]

QE isn't part of uk national debt

Most of what I listed is *off balance sheet*...

 

[scose-no-doubt]

I reckon they all just waiting for a huge natural disaster/pandemic that will sort it out and nobody will get the blame directly. Need to cull a few billion lives around the world and stop M&A during the recovery I say. Not pretty but it's the only way.

 

[scose-no-doubt]

Look how rate sensitive we are, base rates should be at 5% now, but that would be economic and political suicide as mortgages would then have to be 10% to pay back the mess the banks are in..Even with rates at 0.5% 10,000 properties were repossessed in the first Q of 2010... and the biggest repo merchants were the goverment owned banks, accounting for 55-60% of repos...

Thats why they tories wanna bring up the tax threashold to 10k!!! Couldn't figure it at first but they could raise rates on introduction no?

 

[N Rothschild]

"I believe that banking institutions are more dangerous to our liberties than standing armies. If the American people ever allow private banks to control the issue of their currency, first by inflation, then by deflation, the banks and corporations that will grow up around [the banks] will deprive the people of all property until their children wake-up homeless on the continent their fathers conquered. The issuing power should be taken from the banks and restored to the people, to whom it properly belongs."
Thomas Jefferson, (Attributed)
3rd president of US (1743 - 1826)

 

[N Rothschild]

Look how rate sensitive we are, base rates should be at 5% now, but that would be economic and political suicide as mortgages would then have to be 10% to pay back the mess the banks are in..Even with rates at 0.5% 10,000 properties were repossessed in the first Q of 2010... and the biggest repo merchants were the goverment owned banks, accounting for 55-60% of repos...

http://www.telegraph.co.uk/finance/...ners-unable-to-afford-interest-rate-rise.html

An overused quote from Henry Ford but useful;

It is well enough that people of the nation do not understand our banking and monetary system, for if they did, I believe there would be a revolution before tomorrow morning​

people are sheep. if everyone knew they go to work 9-5 for 50 years to pay interest on money that never existed untill they borrowed it, im sure they wouldnt be happy!

sad fact is alot of people do know, and just lie back and take it. the one thing we British are good at is taking it in the **** and not complaining.