Federal Doom

[sasguru]

An alternative explanation is that due to the miracles of modern technology and progress, and despite our best efforts to make life hard for ourselves, there simply isn't enough actual stuff that needs doing. Hence our time is filled with pointless time filling activities.

The inefficient organisation of society is simply a consequence of evolution and randomness. It's certainly not the fault of a few dozen IT contractors.

Well most of the usual suspects on this forum try to make out that the private sector is somehow more effiecient than the public sector, but of course this is not the case

[Old Greg]

Looking at this forum it seems that many Western professionals are (1) thick and (2) lazy and nonproductive, since they keep posting absolute tulipe during working hours.
Is it any surprise that most Western economies are bust and living beyond their means?

sasguru
Join Date Jul 2005
Posts 20,882

DimPrawn
Join Date Jul 2005
Posts 20,211

Don't be so hard on yourselves. You give the rest of us something to look down to.

[DimPrawn]

sasguru
Join Date Jul 2005
Posts 20,882

DimPrawn
Join Date Jul 2005
Posts 20,211

Don't be so hard on yourselves. You give the rest of us something to look down to.

Amazing what one person with split personality disorder can achieve if he puts his minds to it.

[TimberWolf]

Only if your income is rising with inflation.

What about holding gold and debt!

[DimPrawn]

What about holding gold and debt!

Good idea.

Release the equity in your house and buy lots of gold.

Boomed!

[Paddy]

http://www.marketoracle.co.uk/Article28200.html

Will the Fed default?

Debt grows and grows, California is already bankrupt.

Seems that Western governments just build up debt until they go bankrupt.

The National Debt Crisis | Max Keiser

[TimberWolf]

I read something about no fiat currency has ever survived longer than x years. Where x was quite a small number. Forget the source too. Useful eh. Can anyone fill in the details?

[AtW]

California is already bankrupt.

No, it's not bankrupt. It's not even insolvent - it is a going concern.

Stick to AGW and leave the economy to the experts.

HTH

[DimPrawn]

No, it's not bankrupt. It's not even insolvent - it is a going concern.

Stick to AGW and leave the economy to the experts.

HTH

Says the man with no investments, no savings, and very little income.

[AtW]

Says the man with no investments, no savings, and very little income.

You forgot "no debts"