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Huge Trouble Is Percolating Just Under The Surface Of The Global Economy
7 years ago

Tell that to the people who once lived in what we call the runs of Rome.

Huge Trouble Is Percolating Just Under The Surface Of The Global Economy
7 years ago

"If the price of oil does not bounce back in a huge way, we are going to see a lot more companies go bankrupt, a lot more people are going to lose their jobs, and a lot more corporate debt is going to go bad."

As if allowing these predatory companies with toxic debts to die and fall off is a bad thing. It will be very hard to absorb in the beginning, but the market will correct itself. Event he great depression was no exception to that rule. We have to cut the globalization cancer out of the body before it can heal. What you propose isn't a healing, it's a resignment to the diseased way we've been handling finances since the repeal of Glass Steagall.

It is tragic that so many will pay for the behaviors of these vulture capitalists, but that is not my doing. It's theirs. And we cannot let them lord the consequences of their own terrible behavior over us if we're ever to have a healthy economy in this nation, and in this world, again. The hyper globalized economy is a failed experiment. We must return to domestic manufacturing and regulate corporate entities as such that INDIVIDUAL PEOPLE can be held accountable for the horrible behaviors of their companies.

I say collapse. Let us get it over with so we can rebuild the world they destroyed, already. And this time, maybe there should be some people arrested.

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