View Poll Results: When would the financial crisis end?

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  • In a few years

    10 25.64%
  • 21 December, 2012

    6 15.38%
  • Up to 5 years

    5 12.82%
  • Up to 10 years

    7 17.95%
  • When we blow ourselves to kingdom come

    1 2.56%
  • Not in our lifetime

    5 12.82%
  • Somewhere over the rainbow

    5 12.82%
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Thread: End of the financial crisis?

  1. #41
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    Re: End of the financial crisis?

    Corporate Capitalism is always in a state of crisis

    All fascist tyrannical totalitarian instruments of enslavement are unstable and immoral

    The so called "crisis" that you refer to is the fascist crushing of workers rights, community institutions, democratic processes, the Constittution, bill of rights etc.,

    Fascists love the crisis state - they do their best killing and theft then!

    isnt that right cpwill?

  2. #42
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    Re: End of the financial crisis?

    Quote Originally Posted by Aberration View Post
    Driving everything up is what has improved our standard of living. We can look to many other countries who have not pushed up, and what they look like. They all are classified as "developing" nations.
    Greece has seen their wage increase by 47.7% in the period 2000 - 2009. Germany has seen its wages increase by 14.3% in the same period. Which country is doing better?

    You don't get higher wages by pushing them up artifically high, you get higher wages by making your economy more efficient so costs can go down or employers need to increase wages to keep up the demand.

  3. #43
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    Re: End of the financial crisis?

    Quote Originally Posted by Camlon View Post
    You don't get higher wages by pushing them up artifically high, you get higher wages by making your economy more efficient so costs can go down or employers need to increase wages to keep up the demand.
    Don't forget that every 4-th Greek works for the state.

  4. #44
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    Re: End of the financial crisis?

    Quote Originally Posted by Camlon View Post
    Greece has seen their wage increase by 47.7% in the period 2000 - 2009. Germany has seen its wages increase by 14.3% in the same period. Which country is doing better?

    You don't get higher wages by pushing them up artifically high, you get higher wages by making your economy more efficient so costs can go down or employers need to increase wages to keep up the demand.
    There are always exceptions. You can't take anyone's words as absolute in such context. As you pointed out, artificially high.
    “Tyranny is defined as that which is legal for the government but illegal for the citizenry.”
    ― Thomas Jefferson

  5. #45
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    Re: End of the financial crisis?

    Quote Originally Posted by Aberration View Post
    There are always exceptions. You can't take anyone's words as absolute in such context. As you pointed out, artificially high.
    Actually in fact you can do both. You can choose to do like Japan and decrease wages, and it still results in net higher wages. Or you can do like other countries and increase wages. It has no relevance if you are not in a currency union, because the currency will eventually set itself at an appropriate level.

    Hence, trying to increase wages of one profession do not lead to overall higher wages, but leads to everyone else who are not in the profession losing.

  6. #46
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    Re: End of the financial crisis?

    Quote Originally Posted by Canell View Post
    Hm, I can see a pattern here:

    financial crisis in America (1929) -> several million unemployed and unhappy in Germany -> Comrade Hitler comes to power -> WW2

    financial crisis in America (2008) -> hoards of unemployed in Europe -> ..............................
    Oh my, I forgot the "great panic of 1906" and the FED springing out of it. The FED, established in 1913... and next year we get... WW1. Interesting, huh?

  7. #47
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    Re: End of the financial crisis?

    Quote Originally Posted by Canell View Post
    Oh my, I forgot the "great panic of 1906" and the FED springing out of it. The FED, established in 1913... and next year we get... WW1. Interesting, huh?
    Sadly, the FED REV didn't have to do anything with the assasination of the archduke in Serbia which was the premise for war.

    However, there is a connection between the federal reserve and ww2

  8. #48
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    Re: End of the financial crisis?

    Quote Originally Posted by Canell View Post
    Oh my, I forgot the "great panic of 1906" and the FED springing out of it. The FED, established in 1913... and next year we get... WW1. Interesting, huh?
    Post hoc ergo propter hoc :P


    The government is what is prohibiting the economy from improving. It's not corporations. The government is supposed to prevent corporations from causing crony capitalism. The government has failed in its duty to keep corporate influence out of politics. Then there are a lot of stupid taxes on things that shouldn't be taxed (payroll...) because we have a major addiction to deficit spending.

  9. #49
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    Re: End of the financial crisis?

    Quote Originally Posted by Rainman05 View Post
    Sadly...
    Why 'sadly'? You wish it had something to do with it?

    Quote Originally Posted by Voltaire X View Post
    Post hoc ergo propter hoc :P
    Yeah, sure. Interesting coincidence, isn't it?

  10. #50
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    Re: End of the financial crisis?

    Quote Originally Posted by cpwill View Post
    Crashes end when you find bottom and then start to rebuild. So far the things that have not hit (or been allowed to hit) bottom yet are:

    1. The US Housing Market
    2. The US Auto Industry
    3. Southern Europe
    4. China

    I hope you don't intend on retiring any time soon.
    We bottomed out in 2010 and the Auto industry and housing market are improvng daily.
    Looks like you and Romney were wrong and you won't get to buy up all our houses at pennies on the dollar so you can rent them back to us. What a shame.

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