posted on Mar, 10 2009 @ 07:41 AM
Originally posted by johnny2127
I was thinking about it, and was wondering:
Do you want the world and economies to collapse and chaos to reign?
You think a total collapse and a massive political change will be good.
Ask Japan. Ask Zimbabwe. Ask Argentina. Ask Iceland. Cameroon, Russia in 98. We have plenty of references.
Is a complete collapse and the ensuing chaos needed?
Why do we need total chaos to effect change. Why do we need to destroy to have a
rebirth, why can't we grow, in a different direction.
It seems like many people are hoping for this. Seems like many people not only are preparing for it, but really want it to happen. They want
to watch the world burn.
I guess I have the luxury of living in relative isolation being in Australia. Our banks are sound, we are seeing job
losses but nowhere near the levels of Europe and US, we are only forcasting 7.5% unemployment in 2010.
We are seeing forclosure but the housing market is holding onto value due to high demand from renters and buyers(we have seen 10-15% drop in regions
but nowhere like UK,US, Europe(Ireland for example).
Do you? If so, why?
No, I would like us to be sane about how we create financial instruments and not a pyramid scheme of gambled debt
backed by securities sold on the market to retirement funds and trustees.
As for myself, its both. I think some collapse is needed for things to be healthier in the long run. But I don't want some massive collapse,
anarchy and countless to die.
The collapse I would like to see is the banks that have placed themselves in the mess. Let the market reign on
these, mark 'em to market, let 'em be bought up or swallowed, folded or whatever. I know it will hurt, but the current remedy will hurt more and
last longer, IMHO.
What do you all think?
Only Time will tell. hope we all see this out, safely, peacefully and with as much hope intact for the future
as we can.
[edit on 10-3-2009 by johnny2127]