Hum Dinger
Gold Member
- Aug 19, 2008
- 11,652
- 4,227
- 315
It certainly true that Americans have lived blissfully in a bubble of economic ignorance. A fact that the wealthiest have taken advantage of for years. If there is one benefit of this economic crisis, it is that Americans are finally becoming aware of the realities of finance and banking.
Economists however continue to be in la-la land. They have no more of a clue of the realities of economics than anyone else. They've all bought into a bunch of lies for years - knowing that if they don't they simply will not have a job. They shuffle the numbers any way that's convenient to get the answers that they want to get. Inflation, for example is been constantly increasing for the past 30 years. They simply decided that by excluding anything that has had a significant increase in cost from their calculations, they could report that there was little if any inflation.
They've all bought into the big lie.
What everyone knows is GREED. Nobody cares about the economy as a whole, only their individual ownership of currency and capital assets. Only now are people waking up to the reality that we are all economically interdependant. That everyone's individual financial welfare is entirely dependant of the welfare of the economy as a whole.
A year ago, did anyone care that tens of thousands of people were losing their homes do to these sub prime mortgage scams? NO. They only cared when the scams backfired on the financial industry which in turn cause thier own personal financial crisis.
Some freaking crop of financial and economic experts we have! They couldn't give a rat's ass about economics or finance.
Anyone that knows economics, knows that the economics of the world are obscene.
Until people wake up and force an extreme change in the the entire world economic order we will continue to be subject to a completely unjust, unstable, unrelaible and unpredictable economy, all for the benefit a tiny minority who make no contribution whatsoever.
Economists however continue to be in la-la land. They have no more of a clue of the realities of economics than anyone else. They've all bought into a bunch of lies for years - knowing that if they don't they simply will not have a job. They shuffle the numbers any way that's convenient to get the answers that they want to get. Inflation, for example is been constantly increasing for the past 30 years. They simply decided that by excluding anything that has had a significant increase in cost from their calculations, they could report that there was little if any inflation.
They've all bought into the big lie.
What everyone knows is GREED. Nobody cares about the economy as a whole, only their individual ownership of currency and capital assets. Only now are people waking up to the reality that we are all economically interdependant. That everyone's individual financial welfare is entirely dependant of the welfare of the economy as a whole.
A year ago, did anyone care that tens of thousands of people were losing their homes do to these sub prime mortgage scams? NO. They only cared when the scams backfired on the financial industry which in turn cause thier own personal financial crisis.
Some freaking crop of financial and economic experts we have! They couldn't give a rat's ass about economics or finance.
Anyone that knows economics, knows that the economics of the world are obscene.
Until people wake up and force an extreme change in the the entire world economic order we will continue to be subject to a completely unjust, unstable, unrelaible and unpredictable economy, all for the benefit a tiny minority who make no contribution whatsoever.