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Originally Posted by TheDoc
You can call them frozen credit markets, they were frozen. But they were more injected credit markets, where more money was created, the supply increased, and money flow moving again.
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Mkay. I did and they were. Not sure what the point is.
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The market would have supplied for Brazil as they have an economy that produces and consumes.
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Again, not sure what this means. It is a brute fact that non-bank entities who were not even directly exposed to derivatives quickly found that they could not meet their obligations.
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And an economy where the people and business have to survive on credit, really has no economic future.
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Well, the world is in trouble then isn't it? How far should we go back in time to view a sample economy without credit so we know what model of economics you think we'd be better off with?
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Less banks is never a good thing for a Country, it creates problems were a few control the money flow, which is a very bad thing for the future of any Country or economy.
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Do you see anyone arguing for less banks? I don't. It's not relevant to the discussion. But, as an aside, consider Canada.
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It's not really possible to be like the great depression. If our economy was like it was back then, then yes.. but today we produce, we generate revenue, we have several sustainable revenue generating markets that only need money flow to keep going.
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Huh? There was production, revenue generation, blah blah in the early 20th century. WTF are you talking about?
One reason it could be worse today is because total debt levels are much higher. Deflations are the same no matter when they happen. Just go study the deflationary collapses in history. And this is not opinion either, we were demonstrably entering a deflationary spiral.
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The right corps go down, an extreme shift of power happens, and I don't think it would be to one corp but to many, thus splitting up the influence they have, giving us back a little bit for once.
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Maybe, but like I said that is not obvious.
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Well, if every time my kid screwed up really bad, if I gave up a $100 and a ice cream, he's going to think it's okay to screw up again. So the first few times he just tests it, to see how giving I am, then he hammers it... and I bark, but I bail him out, then the nasty really comes down, and I do it again. Logically, me, you and nobody is going to stop, we have no reason to stop - and damn sure no fat cat, super ass greedy, super corp, multi-billionaire that currently about to fuck the entire country over for 1/3 of our countries wealth. Lessons have to be learned and sometimes you just have to cut them off, or they'll keep taking, and taking, and taking. And that's why it happened, and that's why it will happen again, it will only stop, once we stop feeding them our money!
It would have been better because this would have finally stopped... everything after that, is us doing it differently, so speculating on exactly how or what, isn't possible, as it hasn't ever happened in an economy as developed as ours.
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Your anecdotes and the rest of your speech is fine, but try and separate the value judgements and principles from the economics.
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