Some one has to start it, Americas default.

[Frosty]

I also feel there is a big difference between the investor who buys property and the investor who's interest lies in trading the derivative.

The former is 'making the market' while the later trades it...
Moral hazard varies between the two I think.

There most certainly is but we can stand much closer to the line than that. There is a difference between a man that invests in stocks of a bank and a man that put his money in an account of the same bank. The fly boys at the bank dont see this, they seem to act like it is the same. It most certainly is not.

This needs fixing and it needs it now, it could be done by regulation from governments which again as what the --demonstations are about.

Any country doing this will have money flowing in taking advantage of its security and its currency --not good for foriegn exchange so round and round we go.

 

[Boston]

the following video fails to mention the massive fraud in the banking investment sector bail out being publicly funded to reward the criminals but it does touch on the idea that our elected leaders have sold us out


http://www.youtube.com/watch?v=JTzMqm2TwgE&feature=player_embedded

 

[powerabout]

Perfectly explained
the government policies and the heads in the sand when they were being warned was orchestrated to create exactly where we are now..by the top 1% only problem in the US is the debt at the same time so the US has a double whammy for the middle class to pay for

 

[bntii]

Not quite perfectly explained:


"Dot 1) The American economy has doubled in size since 1980, but adjusted for inflation most peoples wages have barely increased."

Summary:

"the only way we can have a strong economy is if we have a strong middle class"

So 30 years of record economic growth and a failing middle class- sounds like he has demonstrated that:

"The only way we can have a strong economy is if we have a weak middle class"

 

[Bamby]

Only problem in the US is the debt at the same time so the US has a double whammy for the middle class to pay for

We've been stuck paying for a lot of crap and loses for the banks that they should have been forced to eat for themselves. Ain't it just wonderful they get to keep any and all profits, and pass any and all their loses off to the taxpayers.....

Federal Reserve and Bank of America Initiate a Coup to Dump Billions of Dollars of Losses on the American Taxpayer

 

[powerabout]

you need detail on how the economy was measured ( every natural disaster is added to GDP)
You need to split that down to each of the 10 year periods to really understand

Giving free to almost free home loans on property also massively contributed to economic output but yeilds possibly nothing less a few house manufacturing suppliers and debt

 

[Boston]

actually bntii the economy doubling in size isn't indicative of the health of the middle class because its not limited to the middle class. Pretty sure we have more people in poverty than ever recorded before, 44 million under the poverty line. But we also have some super rich and a spendaholic gubment going at it tooth and nail. Two wars going on and a manufacturing sector that although shrinking is as efficient as it gets. Other than in labor cost. As has been pointed out we need a better definition of the economy. But there is little doubt that the middle class has taken about all it can. It might also be reasonable to point out that ten years ago we were running a surplus rather than a whopping 14.8 trillion debt http://www.usdebtclock.org/

 

[michael pierzga]

Exactly what policy would the government use to redistribute wealth ?

 

[Bamby]

Not quite perfectly explained:


"Dot 1) The economy has doubled in size since 1980, but adjusted for inflation most peoples wages have barely increased."

Summary:

"the only way we can have a strong economy is if we have a strong middle class"

So 30 years of record economic growth and a failing middle class- sounds like he has demonstrated that:

"The only way we can have a strong economy is if we have a weak middle class"

Our structural unemployment has now reached such an extreme level that more than 50 million people across the Western world are not allowed to work. This unemployment has been malicious and intentional, the goal being to use massive, permanent unemployment to permanently depress wages and thus dull the inflationary impact of the banksters' excessive money-printing.

The game is actually simple, while the bankers and those on top enjoyed all the benefits of their inflation via the printing press, those on the bottom make 100% of the sacrifices through permanently depressed wages (for those lucky enough to have any job at all). What makes this hideous reality a "crime against humanity" is that our governments may have always had the capacity to end this unemployment any time they wanted - at zero cost to themselves (i.e. us).

For 200 years, improved technologies have eliminated labor faster than it has created new employment opportunities. And for nearly 200 years every time that structural unemployment had became a problem, our governments shortened the work week. This divided-up all the available jobs among the whole population, until our current generation of Western governments ceased to do this deliberately creating all of this hardship and misery to exclusively benefit those on top. We need to immediately consider a transition to a four-day working week.

 

[Frosty]

50 million unemployed is 50 million more social hand outs, you think the gov wants that to go on top of 14.7 trillion what ever.

And this is at no cost to themselves??? Think again.

 

[michael pierzga]

A FOUR DAY WORK WEEK .....YIPEEEEEEEEEEEEEE !!!! Throw in the free beer.


But its Voodoo economics. What blockhead thought of this idea ?

Restrictive labor regulations are the number one cause of Spains FIFTY PERCENT youth unemployment and lack of competitiveness..

If you want to bankrupt small business hit them with a four day work week or any onerous labor practice.

If you wish to raise the welfare of the working class, improve their education, productivity, then create a regulatory environment in which small to medium business thrives..

 

[Frosty]

Improve education ,--err yes ok but we were thinking of something a little quicker that we could do this year or even next week.

The only education people need is that money does not grow on trees, work and get paid, spend what you have and not, what you have not, stop credit.

People are being sent credit cards in the post or at least invitations,- bankers again,--17.5 % APR while we get 3% ****** bankers. Thats all thats wrong.

Bankers are smart and we know not what they do. Look at thier faces when you go in a bank --look at them sneeering and laughing at you. Listen to the condescending rhetoric, they say they say good morning sir,--its all they can do to stop them selves from full on belly laughter as you count out you last week eanings while the bank manager opens another bottle of champaigne in his office with the heaters full on and the window open.

 

[powerabout]

governenment did use policy to redistribute wealth
The used ther policys the banksters told them to use and it filled the bankster pockets

 

[Boston]

There isn't a single policy solution. There's a paradigm shift. Whats going on today with the protests hopefully will be the beginning of that paradigm shift. The banksters need to be prosecuted, the politicians need to be prosecuted and the next batch of them needs to know there losses will be there own and not criminally passed along to the taxpayers. Also the corporate oligarchy and the laws which support its fingers on our misleaders have got to go.

 

[bntii]

actually bntii the economy doubling in size isn't indicative of the health of the middle class because its not limited to the middle class. Pretty sure we have more people in poverty than ever recorded before, 44 million under the poverty line.http://www.usdebtclock.org/

Bingo- that's why the author in that vid is not really providing a robust analysis of the economic cost of wage scale.
He and quite a few others are posturing a pet concern as being the 'real' reason for the current economic downturn.

He wants higher wages to increase growth- next door lower wages are the cure de jour..

It might also be reasonable to point out that ten years ago we were running a surplus rather than a whopping 14.8 trillion debt

A budget surplus- there was still dept