Quote: (07-14-2015 11:03 AM)Dan Woolf Wrote:
Quote: (07-14-2015 10:37 AM)dreambig Wrote:
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All of this accumulated debt - left to the generations ahead. This won't end well.
How will it end? Would be great if there was a topic in Deep Forum talking about this. I read the "Modern Economics is just one big scam" thread by Zelcorpion and got a boner.
All I can get from mainstream sources is that "there won't be any contagion/domino effect because of Greece, we've got it covered, everything's fine", even though it's probably the opposite (especially politically). Then, on top of that, US is probably a house of cards and China is a big bubble. Add automation and other things into that mix and I have no idea what's going to happen and when.
It's true - money systems based on usury in the current form must end in default, restructuring or war of some kind with a new currency being issued. China is probably in a better position than most in the world, since it has accumulated the world's manufacturing capacity - incl. the one from the US. Also it is gaining as a military power, which adds financial stability to their new hard currency. The Yuan is set to take over from dollar or maybe a mixture of several currencies. That may still be 20 years off.
Greece is set to be sold off piece by piece & the people will get constant austerity. They can try and elect the new rascals - even Golden Dawn when in power will suddenly behave like the rest. Those guys can be bought or threatened behind the scenes. Do you think that they would remain nationalist when 100 mio. $ is dangled in front of their faces? I don't think so.
Since the people don't understand what needs to be done, then they will meander their way through until the EU gets what it really wants - a joint EU-wide central bank and a centralized finance ministry that decides from Brussels on how to manage Greek finances. Maybe then will they let the Greek people off the hook so it seems at first as if this is even better than being independent.
We will see how they manage it. Personally I am relaxed about it. Hyperinflation won't come, fast global collapse won't happen and a zombie-apocalypse economic disaster won't manifest so fast.
It might be more something like this as one NGO put it so well for us to see:
It's austerity and Agenda 21 in one.