[deMolay]

I thought they said the GREATEST RECESSION was over. http://www.telegraph.co.uk/finance/econ ... lapse.html

[patience]

Read that. They seem to think that Japan is on the brink because of their debt ratio. If Japan can hold on for a little while, the US may run its' debt up to exceed Japan's 270% of GDP.

[deMolay]

Debt to GDP Levels Indicate Government Bankruptcies. http://whiskeyandgunpowder.com/debt-to- ... -bankrupt/

[Novus]

The solution is nationalization of the currency. Take the power of the printing press back from the private bankers and give back to the people. The world ultimately has to abandon capitalism or civilization as we know it will end.

[mos6507]

$this->bbcode_second_pass_quote('Novus', 'T')he world ultimately has to abandon capitalism or civilization as we know it will end.

[cipi604]

$this->bbcode_second_pass_quote('mos6507', '')$this->bbcode_second_pass_quote('Novus', 'T')he world ultimately has to abandon capitalism or civilization as we know it will end.

[eastbay]

$this->bbcode_second_pass_quote('Novus', 'T')he solution is nationalization of the currency. Take the power of the printing press back from the private bankers and give back to the people. The world ultimately has to abandon capitalism or civilization as we know it will end.

[Homesteader]

$this->bbcode_second_pass_quote('mos6507', '')$this->bbcode_second_pass_quote('Novus', 'T')he world ultimately has to abandon capitalism or civilization as we know it will end.

[dsula]

$this->bbcode_second_pass_quote('eastbay', '')$this->bbcode_second_pass_quote('Novus', 'T')he solution is nationalization of the currency. Take the power of the printing press back from the private bankers and give back to the people. The world ultimately has to abandon capitalism or civilization as we know it will end.

[pedalling_faster]

$this->bbcode_second_pass_quote('Novus', 'T')he solution is nationalization of the currency. Take the power of the printing press back from the private bankers and give back to the people. The world ultimately has to abandon capitalism or civilization as we know it will end.

[deMolay]

Good post Pedalling Faster. The Wall is approaching and we are accelerating.

[rangerone314]

I would argue in favor of a form of free market economics that is different from the expansion-oriented form of capitalism that we have now.

A lot businesses go through a cycle.

Birth. Growth. Stability. Decline. Death.

Example of decline is "Blockbusters" and growth is "Netflix".

New technology and new ideas means new companies and the collapse of old ones. In the future, the only economic expansion will be in new companies.

I.e. a zero sum game. Without cheap energy or population expansion, no room for zombie hanger-ons like AOL or Blockbusters.

As new ideas and technologies come, capital still needs to be reallocated to more efficient or current businesses.

[hillsidedigger]

Sustainment implies a static economy although some can grow while others decline.

[rangerone314]

$this->bbcode_second_pass_quote('hillsidedigger', 'S')ustainment implies a static economy although some can grow while others decline.

[Homesteader]

$this->bbcode_second_pass_quote('dsula', '
')
Capitalsim does not need expansion. Capitalism referrs to a system where assets and profits are privatly owned vs. owned by the state/society. That has nothing to do with expansion.

[Carlhole]

$this->bbcode_second_pass_quote('eastbay', '')$this->bbcode_second_pass_quote('Novus', 'T')he solution is nationalization of the currency. Take the power of the printing press back from the private bankers and give back to the people. The world ultimately has to abandon capitalism or civilization as we know it will end.

[mattduke]

The bond vigilantes turn their attention to France. German bonds are the last outpost.
http://www.businessweek.com/news/2010-0 ... cline.html

[mattduke]

$this->bbcode_second_pass_quote('', 'T')he German chancellor Angela Merkel and French president Nicolas Sarkozy have called for a total European ban on naked short-selling of government bonds.

In a joint letter to European commission president Jose Manuel Barroso, the leaders of Europe's two biggest economies urged the EU to ban trades where investors bet a certain stock or bond will fall in value when they don't hold that stock or bond itself.

"Naked short-selling should be prohibited to refrain European markets from suffering a new wave of severe turbulence," the two presidents said.

[eXpat]

Well, the story is as follows: apparently some french activists that are/were disappointed with the effect of the protests so far, want to do something more drastic, in this case, they are organizing a Bank Run on Dec 7th.
Here are the links:
http://www.alterinfo.net/STOP-BANQUE-Le-7-decembre_a50988.html?com

http://stopbanque.blogspot.com/
Interesting to say the least, i don´t think they will make any impact in the banking system, but is interesting to see that the unwashed masses want to make a dent in the system.

[Sixstrings]

Interesting idea. Usually things like this are hard to organize, but with all the unions in France they might make an impact. Of course, I assume the European Central Bank can just make up the shortfall. It's all fiat money.. the government can just print more and then take it back out of the economy when the protest is over and folks deposit in banks again.