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Any idea how to prevent an economy to collapse?

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posted on Jan, 2 2010 @ 10:57 AM
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Now that is it generally accepted that the economy collaps is caused by bad management, corruption, creative accountancy and plain theft, it would be smart to find procedures in decision making on 'white house' level and banking that will prevent or slim down the chance that the same 'mistakes' will be made again.

To keep things simple I suggest that nobody will be above the law and there be an organisation with the power that can investigate whoever and on their conditions. I say this because I was very surprised and disapointed that during the 9/11 investigation Bush and Cheney were able to set the conditions for their hearing.

An other thing that bothers me is the fact that the US has the best universities in the world and that none of the economic proffesors could intervene or had the possibility to warn the government where the economy was going to.

There should be a commision of economist that monitors the status of the economy and their advice should be carried out by the government.

Futhermore there should be serious jail time and financial pay back for evrybody who is caught breaking the law.

Another reason for the collaps is the interferring of corperations with politics. This has to stop......unless there is a valid exception.

I do not know much about economics or law but I think it is necessary that there should be made some changes in order to prevent this economy collaps to happen ever again.......this way. I understand that the way the federal mint operates is also part of the problem.

Anyways, there should be a think-tank of capable people that have the job to fence out the greedy from robbing the country blind.

Anybody out there with ideas?




posted on Jan, 2 2010 @ 11:04 AM
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Well from what Obama says its passing health care reform but I think he is lying.

He also thinks spendy more would save the ecomony.

ha lol he is crazy were doomed its going to collapse sooner or later thier is no way to prevent it.

The FED Reserve made sure thier was no way to stop it.

[edit on 2-1-2010 by slipknotrules2009]



posted on Jan, 2 2010 @ 11:09 AM
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Cash For Clunkers should do it. Or perhaps the Health Care Reform.
We could also save over $200,000 a minute for getting our asses out of
Iraq and Afghanistan.



posted on Jan, 2 2010 @ 11:25 AM
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Get rid of the banking cartel,bring the troops home and quit spending money on war,sell half the golf courses to food growers,get rid of lobbyists and clean up wall street and the federal reserve.
Also since tv is such a part of peoples lives...make them pay 2 bucks to watch the tv show they so want to watch.

Problem solved.
I love questions like this.

I am sure its not as easy as this so take my reply with a grain of salt.



posted on Jan, 2 2010 @ 07:06 PM
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I'm not an economist or anything but even I can see that our economy is going to crap. Our economy is becoming less and less reliable as we depend more and more on foreign countries like China to manufacture our goods.

Our corporations buy cheap products in China... because Chinese labor has less labor laws and is much cheaper, making products cheaper in China... but because China makes most of our goods, it takes jobs away from Americans who should be doing the job for more money.

As we become more dependent on foreign countries, our economy does less and less manufacturing, creating less jobs for Americans, and making our economy more dependent on foreign countries, sending our economy to crap.

So what we've got to do is become more self sufficient. I'm not saying we become isolationist, but I do say we stop going to war with other countries for economic reasons. If we stop depending on other countries for cheap goods and make our own cheap goods, we won't have to go to war for economic reasons, and it will help our economy, and then we can go to war for purely moral reasons, in the name of liberty and freedom.

[edit on 2-1-2010 by Wang Tang]



posted on Jan, 3 2010 @ 08:21 AM
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reply to post by Wang Tang
 


So what you are saying is that the rich, the ones who own the companies, sold america for profit? It is their decision to manifacture in places like China while it would be better if they kept all these jobs for the americans.

So that could be an answer for the problem. Making it a law that will prevent the companies to setup camp in foreign, cheaper countries.



posted on Jan, 3 2010 @ 09:00 AM
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reply to post by zatara
 

I think the first step would be to not allow our companies to buy from foreign companies who don't have the same labor regulations that our workers work with, because what is happening is foreigners are stealing our jobs because they are allowed to work for much cheaper.



posted on Jan, 3 2010 @ 09:18 AM
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remove and replace it before its collapse.

spirit



posted on Jan, 3 2010 @ 11:18 AM
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Originally posted by spirit777child
remove and replace it before its collapse.

spirit


And replace it with what



posted on Jan, 3 2010 @ 11:51 AM
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the economy system where few can make trillions while, as the consequence, millions die of hunger is not sustainable...

change the system to prevent economy to collapse...



but that will not happen, since in capitalism no one is learning on mistakes, everyone is thinking selfishly for him/herself and trying to make money anyway they can (even if it means millions starving to death)

hence, there is no way to prevent economy to collapse, because you cannot prevent people to do selfish acts...



[edit on 3-1-2010 by donhuangenaro]



posted on Jan, 3 2010 @ 12:16 PM
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Originally posted by donhuangenaro
the economy system where few can make trillions while, as the consequence, millions die of hunger is not sustainable...

change the system to prevent economy to collapse...



but that will not happen, since in capitalism no one is learning on mistakes, everyone is thinking selfishly for him/herself and trying to make money anyway they can (even if it means millions starving to death)

hence, there is no way to prevent economy to collapse, because you cannot prevent people to do selfish acts...



[edit on 3-1-2010 by donhuangenaro]


I disagree with that.....I agree with the fact that there are always people who will sell their own mother if they can get money for her, but for our problem there are ways to stop these people.

We can change some of the political system if needed to reach our goals and laws can be made. But the thing is.......how and what.



posted on Jan, 3 2010 @ 05:53 PM
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reply to post by zatara
 


It would require us to give up our stance as a world economic power.

I'm thinking of a system that was in place in feudal Japan, where the samurai were the upper class, and the merchants were the lowest of the low, even farmers were considered more valuable than merchants. That is because feudal Japan viewed the pursuit of money as a dishonorable life. In the upper class, the samurai pursued things like honor and respect and good character, and in this way the samurai prevented wealth from being accumulated in the hands of the powerful.

I think if you want to save the economy in the long term, you have to kill it in the short term. We have to kill the whole economic system, and relinquish our position as a world power.



posted on Jan, 15 2010 @ 04:25 PM
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Its to late its going to collapes and that was the plan from the begining and the NWO is going to win and take thier victory by taking over when the say they have a solution.



posted on Jan, 15 2010 @ 04:31 PM
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We need to stop the progressive way of thinking it is that easy everything else will eventually fall into place after they are defeated. But if they win not only your money will be gone but kiss your freedom and even your life goodbye.



posted on Jan, 15 2010 @ 05:49 PM
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Total economic collapse is now a BEST POSSIBLE CASE SCENARIO.

The Us is NOT in uncharted territory. This is becoming a blow-by-blow of the last days before the French Revolution. Rather than bore you with the details that are staggering, here's the summary.

- The prolonged paying of interest by issuing ever more bonds.
- A skyrocketing "real rate of return" on Government stock
- The belief that somehow Government debt is not like that of the ordinary man and does not obey the same laws of economics and mathematics.
- The involvement in a foreign war to support rebels against an unfair tyrrant (in King Louis XVI's case it was to support Washington)
- The stripping of the world economy of all working capital to feed an out-of-control budget deficit that in King Louis XVI's case reached $8,000,000,000.
- The bolstering of the state's finances by selling "no-bid contracts" which parallels the sale of aristocratic titles that had special privileges by the French King. Indeed, by 1789, one in 12 people was an "aristocrat", similar to graduates nowadays.
- The issuance of immunity against prosecution and special taxes.
- The development of special prisons for those who had "not yet done a crime" such as the Bastile in Paris to silence criticism, not least of the ballooning debt.
- The nationalization of finance hoses in difficulty to prevent disruption of further sales of bonds.
- Economy plunges into bitter recession with lavish expenditure in an effort to boost the French economy.
- The crass belief that a bond default by the Federal Government would cause a period of civil unrest developing over the several weeks that could be held in check by martial law.

THIS IS WHAT ACTUALLY HAPPENED...

Friday 11th July 1789
- King refused new funds by National Assembly.
- The King then repudiates all his debt.
- Bond market goes into worst collapse in history.
- Almost all French finance houses collapse instantly.
- Paris stock market plummets
- Merchant houses begin collapsing.
- Mass layoffs in Paris.

Friday 11th - Sunday 12th
- Angry doctors, lawyers and middle class folk now having lost everything realise threat of Royal reprisals and martial law and start taking over armouries from soldiers who abandon their psots fearing they are not going to be paid.

Monday 13th
- Total bond market collapse.
- Total stock market collapse.
- Comprehensive collapse of French business interests, mass layoff.
- Threat of reprisals.

Tuesday 14th 1789
- Fearing threat of reprisals, angry mob, mainly of middle class folk storm the Bastile, the French King's direct equivalent of Gitmo.
- Fighting in the street, heavy loss of life.

Wednesday 15th 1789 Onwards
- French Chateaus, the equivalent of the homes of US CEO's are attacked and wealthy aristocrats lynched.
- Fear of local law enforcement means that they too are now mobbed and lynched.
- Lynchings spread down the chain to minor aristocrats, the wealthy, the qualified, professionals, landlords, anyone employed with all law enforcement now gone.
- All business and farming at a stand still as everyone too afraid to go out.
- In weeks, mass starvation.

People think there will be martial law or a coup developping over the time of the crisis. If I am right, the answer is no, what will happen is that events will unleash in hours.

If I am right, the day after America defaults on its debt will look like this:-



Only with REAL PEOPLE DOING IT, NOT ZOMBIES!



posted on Jan, 15 2010 @ 11:04 PM
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reply to post by aristocrat2
 


That's a great parallel that you made. If we want to save our economy it will have to collapse first.

Now someone just has to step up and be a Robspierre. But where is he going to come from? Our system is almost completely revolution-proof. The majority of the people are brainwashed and ignorant and controlled by the media. The military is under the command of the President. The media is not there to uncover the truth, the media is there to make money. Who is going to step up?



posted on Jan, 15 2010 @ 11:11 PM
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Pull ALL of our business out of china and give it back to the American people
Then regulate all imports. reset the entire market so everybody has a fair chance at getting ahead. eliminate congress and give the real voting power back to the people.



posted on Jan, 15 2010 @ 11:15 PM
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Originally posted by Wang Tang

Originally posted by spirit777child
remove and replace it before its collapse.

spirit


And replace it with what


I have put together an alternate economic system and modeled it in a computer program. I'm sure others have also done something similar. The system that is in place now is structured so that it is sure to collapse, just as a balloon released into the air will eventually come back to earth. We don't need a "balloon" economy, we need a "rocket" economy, one that will not fall back down, but will keep going as long as time persists.

I could take the time to write a huge thread that outlines all my proposals, but I'm not sure if it would be complete waste of time. I don't think most ATS members like reading new theories on how the world can be fixed... it's more fun to keep moaning and speculating about how bad things are.



posted on Jan, 15 2010 @ 11:20 PM
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reply to post by zatara
 


You want to prevent the economy from collapsing? Well, that in itself will require an entire overhaul which would result in extreme temporary instability in exchange for long-term stability. This is a topic of my passion, however, am only beginning my education in economics, fiscal policy, management, and administration, so I can only state my own opinion and what I would do if I had complete power. So, here would be my plan, take from it what you will:

1. Establish an Honest Government
Perhaps the hardest and most un-realistic step is to supply a country with an extremely reliable, honest, transparent, and extrinsically motivated Government. When this happens, the people will trust their government with power and money, and in turn the Government will benefit the people as the largest overarching entity capable of regulation in the free, corrupt market.

2. Let the Government Intervene
Utilize fiscal policy in a big way, grant power to Government over corporations, cut lobbyist and corporate political power, and restrict the free market.

Put simply, our markets are too "free". We are not (dare I say it?) Socialist enough. And this is what has gotten us into trouble. The rich are too power hungry and lust for more, which drives corrupt policy and lobbyists. We need to grant Government the ability to kill this selfish cycle, and regulate the market. Issues like hollow derivative trading backed by speculation, housing bubbles, an hyper-inflation is the due to the inability of the Government to properly interfere in the capitalist system, and prevent certain accumulation of wealth in certain places.

3. Increase taxes, stabilize and possibly cut spending.
Get out of debt, now. When a Government can run a budget surplus, it's a great thing for everyone. Taxes are a touchy issue, but if allocated properly by Government (which in itself is another touchy issue), then a country can flourish and everyone can be cared for.

4. Ensure continued Government control over corporations
The Government is for the people, and must be kept in check, yet at the same time have enough power to interfere in the free market (oxymoron perhaps?) People are selfish by nature, and when working for personal wealth accumulation for themselves, will do whatever it takes when not kept in check by the public, we call these corporations. So as long rules and regulations prevent selfishness, the state can maintain a socially efficient output with minimal risk. Will it be perfect? No, but leaning more towards socialism is way better than liberal "laissez-faire" capitalism.

In short: Establish an honest government, grant them large amounts of power in the free market, regulate the market, provide socially optimal outputs and prevent extreme accumulation of wealth where corruptness and ill-morales reside.



posted on Jan, 16 2010 @ 02:28 AM
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To avoid economic and social catastrophy, there is only one way logically left.

ONly one way left to survive the economic disaster has been done before and worked... it worked inthe USSR and in Yugoslavia.

The CDO and Credit Default Swap crisis is so enormous as to be able to completely swallow the ENTIRE WORLD ECONOMY.

The only way to stop the disaster from spreading is the CAUTERISE IT and isolate it.

Obama and Bush did the opposite, hard wiring it by the tax system into the main US economy.

Logically, as the forest fire has breached the fire breaks, it is necessary to create a new fire break.

In short, there is only one way left for the Americans to survive and avoid the economic collapse...

...STATES MUST CEED FROM THE UNION.



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