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06:02 AM
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Seriously, how come so many people are in denial about the inevitable Global Economic Meltdown?
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In accordance with industry accepted best practices we ask that users limit their copy / paste of copyrighted material to the relevant portions of the article you wish to discuss and no more than 50% of the source material, provide a link back to the original article and provide your original comments / criticism in your post with the article.
[quote:Anonymous Coward 22342261:MV8xOTY0ODc5XzMyOTY2ODkwX0MyRkVENDdB] [quote:Anonymous Coward 1313288:MV8xOTY0ODc5XzMyOTY2ODQyXzk5NUVDQjFC] [quote:Anonymous Coward 22342261:MV8xOTY0ODc5XzMyOTY2NDg5X0FCMjNBNEZC] And why is it inevitable? Couldnt countries grow their way out of debt? I dont believe that will happen, but its not impossible, is it? [/quote] Lol...Just how the hell is the USA gonna grow their way out of a 16 Trillion dollar debt? And all the other countries? Not possible [/quote] Inflation? [/quote]
Original Message
The stock market doesn't repond correctly to global events anymore. You get Greece/Italy/Spain go bust, and the stock market rise up a 100 points.
Thread: Stock Market No Longer Responds Correctly
But still, because of some "reputed" agency assuring "that everythings fine", everyone just blindly believes it and carrys on normal expecting the tax payer to save the Euro Zone and Banks.
This is a chart showing the total debt by each country, and because the debt is so damn high in Western countries, frankly it will never be possible to pay it back!
[
link to www.economist.com
]
And for the past few YEARS the Elite and the media just keep assuring us "everything will be fine", "the euro will not collapse", "Ben Bernanke will save the world from another Great Depression by Quantitive easing"...etc
WTF is all this wishful thinking? Are people in complete denial???
How are they able to keep the sinking global economy on life support for so damn long and prevent the inevitable doom???
I seriously want to know whats going on in all those employees heads who still work in those big banks, because I used to work in one and but just couldn't stand the total zombie/narcissistic/manipulative atmosphere hence quit and became self-employed.
Are they seriously expecting nothing will happen and only a minor depression will come and go?
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