Just look at the news. Stocks plummeting, banks failing, auto industry going out of business, revelation of corruption, and everything else that is to come. Bailouts will only prolong it for few months.

Did you think I was giving you some good news????

Actually I was.

What has been happening since the industrialized revolution is not really the economy. It is basically a system that is based on greed, corruption, consumption, pollution of the environment that we are so much depended on, and all the other wall-mart and advertisement based ideals that have been tainting our collective subconsciousness for decades. It is nothing but a scheme that truly profits nobody and only gives a false sense of well being. The proof is all around you.

Did the auto industry really think that releasing new models every year will work forever? Well, it did, up until recently.
The real estate industry has been making double the profits on interest alone. A 100,000 dollar house would cost triple that money if someone was to pay for it in the time of the loan agreement. If I loaned you 5 bucks, would it be fair of me to ask 15 bucks back?
Why did we let our selves fall for this for such a long time?
The good news is that we are stopping the cycle as evident.

Yes, it will effect many of us who need to support our families. It is not going to be pretty, but I do believe that in the long run it will work out in the ways that will benefit everyone including our natural environment. We have come to the point of no return and the only solution is to create the system that is the complete opposite of the previous one and the only way to do that is through the knowledge that has been suppressed from our view by those in power who live with their heads up their behinds. When the money runs out, their heads will pop right back into their place.

Let's not forget the true meaning of the word "economy". The impression that TV gives us of what economy means is completely different of what it actually is. Economy is not how much money there is in stocks, or how many cars have one company sold this year. Economy means how well we coexist with others and how wisely we use all the resources that this planet has offered to us. So far we have failed this notion considering all that has been done by looking with our eyes closed by greed, corruption, and complete ignorance of what our actions may create.

This is a perfect opportunity for us to realize that anything we do effects everything around us and that this planet is a small place where we all can thrive if only we knew that we are all in this together. Knowledge is the key, and we need not look any further then within our selves. All you have to do is think a bit clearer and not let ignorance rule our conciseness as our mainstream media has been successful at doing for years.

In other words, let's redefine what the word "Economy" really stands for.

Thank you for reading my ramblings.







[edit on 15-12-2008 by midiola]

I think what is going on here is that the 'economy' is 'renormalizing' or being 'refactored' to reflect the true value of its worth. Some of it is obvious to see- prices are dropping. Unfortunately the values are dropping but the currency isn't being altered accordingly.
I had a discussion with my mother a few years before she died, where she was reminscing the old days when fuel was 5 cents a gallon, cars were a few thousand dollars at most, houses were in the low tens-of-thousands of dollars... and she was saying how much easier things were then. Then I asked how much my father made and her reply was about 11,000 a year. I grabbed the calculator and popped in some math and showed here that relatively speaking, things were no easier then than now. The cost of living, proportionate to income, was nearly the same then as now.
What I see is that the cost of things go up due to what could be called a result of greed. And then wages go up in order to allow people to maintain the same standard of living. This then causes prices to rise since it causes increased expense to producers... repeat ad infinitum. Since every economic entity in the world does not use the same standards of living and currency, this causes imbalances elsewhere which react similarly, ultimately resulting in a domino effect around the world. Eventually, a point is reached where people start questioning this and the system breaks.

Now... back to the 'renormalization'. If the USA normalizes its economy it puts her people at a disadvantage first. This ends up with the rest of the world at a disadvantage as well. Once they adjust, the USA and her people will be on top having been amongst the first to readjust and acclimatize. We'll once again have buying power.

But what's the point?

Originally posted by abecedarian


Now... back to the 'renormalization'. If the USA normalizes its economy it puts her people at a disadvantage first. This ends up with the rest of the world at a disadvantage as well. Once they adjust, the USA and her people will be on top having been amongst the first to readjust and acclimatize. We'll once again have buying power.

I disagree.
Other economies will be affected by the failure of the dollar but most of them will recover first.

The dollar will no longer be the world standard currency.

We will actually have to create a viable economy without being able to print out trillions of fake bills that other countries will buy.

We will have the same limitation that the rest of the world was dealing with all along.

We will have to create new industries and rebuild the ones that have been abandoned and sent overseas.

We will have to do it with a currency that is next to worthless.

Nobody will lend us the money to rebuild but they will call in all of their markers and buy us out wholesale while the dollar is pitifully cheap.

It will not be fast for us. It will be slow and painful.

By the way renormalization is a fancy word for "your cash is useless and nobody trusts it"


We're sitting on the biggest bubble in history and that bubble is the dollar.
When it pops, we've got a long way to fall.

The OP is right.
The sooner it happens the better off we'll be.