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I'm no economics expert, but from what I understand our debt problem has its roots very deep in our country's economic and social history, and it'll be very difficult to solve without some massive overhauls in our political culture that will be long in coming, if at all. :/
I think they did that in Germany in the 20's.
What's really puzzling is why Greenspan would even say something so utterly stupid in the first place. The other guy's face after he blurted it out says it all.
But Europe's pretty fucked too. Euro's going down the drain.
We've got to destroy the Mako reactors and save the planet! We can't let Shinra control the world like this!Anyone else notice that you're a terrorist organization in Final Fantasy 7?
If they would just throw away the stock market; period, then everyone wouldn't have to worry about such headaches and Ulcers. The Monetary system did just fine without the stock exchange system for centuries and there was never any global meltdowns because of it's absence. The Stock market took an already simple system and made it needlessly complex. And all that the stock exchange really is, is a form of gambling. These investors make money without every really having to work for it like the rest of us. And when something goes wrong with the "system" everyone around the world feels the crunch, no-matter how big or small. It's a broken system and it serves no true purpose and for those who doubt me look no further then Briex and Enron
are you sureyou are aware that the stock market is pretty much the foundation of our economy, determining prices, values of currencies, and demand and offer on a large global scale. it is accessible to everyone, not just the BAD PEOPLE.
that's like saying "oh, let's kill medicine because there are a few doctors who have a history of malpractice"