True or False ?

[NotAllThere]

The trouble with the average IQ is that it's pretty darned stupid.

[EternalOptimist]

Now I understand EO .... In other Words ...

There's a crack up in the ceiling

And the kitchen sink is leaking
Out of work and got no money
A Sunday jam of bread and honey

What are we living for? Two roomed apartment on the second floor?

No money comin' in,
the rent collector's knockin' trying to get in

Dead end! People live on dead end street

Financial collapse. - Yeah !!





[ Tab from: Kinks - ( Dead End Street tab ) ]

resources are a problem down the road , this problem is spending what you dont have

the sooner the Germans join sterling and leave that crummy euro the better

[AlfredJPruffock]

This is not a Greek crisis or a Euro crisis or even a US crisis (although it all starts there).

Anyone with an average IQ could understand this problem.

The household bugetary model is based on the aspiration for constant or infinite growth yet with little chance of that actually happeneing. This concept really needs to to sink in. FINITE income. Therefore as household wealth grows, you have kids and you reach the break-even. Then household borrows to sustain the aspiration in the vain hope that "new income growth" will get them out of the hole. Of course it never does, so you borrow. Borrowing increases and we are on the downward slope.

We are running out of everything and fast.
This of course leads to only one outcome.

You go broke and the bailiffs come around.

If you now understand the capitalist model you will realise that the first symptom of spending what you dont have is precisely what is happening now.

Financial collapse.

Now I understand EO .... In other Words ...

There's a crack up in the ceiling

And the kitchen sink is leaking
Out of work and got no money
A Sunday jam of bread and honey

What are we living for? Two roomed apartment on the second floor?

No money comin' in,
the rent collector's knockin' trying to get in

Dead end! People live on dead end street

Financial collapse. - Yeah !!





[ Tab from: Kinks - ( Dead End Street tab ) ]

[EternalOptimist]

This is not a Greek crisis or a Euro crisis or even a US crisis (although it all starts there).

Anyone with an average IQ could understand this problem.

The household bugetary model is based on the aspiration for constant or infinite growth yet with little chance of that actually happeneing. This concept really needs to to sink in. FINITE income. Therefore as household wealth grows, you have kids and you reach the break-even. Then household borrows to sustain the aspiration in the vain hope that "new income growth" will get them out of the hole. Of course it never does, so you borrow. Borrowing increases and we are on the downward slope.

We are running out of everything and fast.
This of course leads to only one outcome.

You go broke and the bailiffs come around.

If you now understand the capitalist model you will realise that the first symptom of spending what you dont have is precisely what is happening now.

Financial collapse.

[AtW]

Here you go -

Merkel coalition fears collapse after election humiliation - Europe, World - The Independent

Good news - Merkel is incompetent and should have gone long time ago.

[AlfredJPruffock]

You should include a link to the original article and quote any quoted sections properly

Here you go -

Merkel coalition fears collapse after election humiliation - Europe, World - The Independent

[AtW]

Well if he is right and our economies do collapse we might end up like Cuba.....oh hang on..

Or North Korea - every citizen get as much grass in summer as they can eat!

[BlasterBates]

Well if he is right and our economies do collapse we might end up like Cuba.....oh hang on..

[DodgyAgent]

Just read this disturbing review of the economic situation in an Independent Blog - well is it True - or False ?



This is not a Greek crisis or a Euro crisis or even a US crisis (although it all starts there).

Anyone with an average IQ could understand this problem.

The capitalist model is based on constant or infinite growth yet with finite resources. This concept really needs to to sink in. FINITE resources. Therefore as economies grow, inevitably populations grow (exponentially) and exceed sustainable levels. Then Governments borrow to sustain the unsustainable populations in the vain hope that "growth" will get them out of the hole. Of course growth never does. It's finite and we are on the downward slope.

We are running out of everything and fast.
This of course leads to only one outcome.

Total collapse and mass die off with a few wars thrown in for good measure. Politicians know all this but they are trapped on the treadmill and cannot comprehend in the capitalist brains how to get off. The solution means turning their backs on everything they stand for. No matter how you rationalise it the world as you know it is going to change forever.

If you now understand the capitalist model you will realise that the first symptom of total collapse is precisely what is happening now.

Financial collapse.

stick to poetry

[Unwitting Catalyst]

Malthus lives!

This "blog" must be one of the most simplistic "explanations" of the debt crisis ever. Even someone with an average IQ would dismiss it for what it is.

[AtW]

You should include a link to the original article and quote any quoted sections properly

WHS

There was no concept of copyright or intellectual property in communist country Alf loves so much

[Spacecadet]

Just read this disturbing review of the economic situation in an Independent Blog - well is it True - or False ?

You should include a link to the original article and quote any quoted sections properly

[AtW]

The capitalist model is based on constant or infinite growth yet with finite resources.

No, it's not you dumb **** - your friend Stalin who is currently getting deep fried in hell equated communism with specific levels of production/consumption in economy, meaning that with population growth resources will be used up.

[AlfredJPruffock]

Just read this disturbing review of the economic situation in an Independent Blog - well is it True - or False ?



This is not a Greek crisis or a Euro crisis or even a US crisis (although it all starts there).

Anyone with an average IQ could understand this problem.

The capitalist model is based on constant or infinite growth yet with finite resources. This concept really needs to to sink in. FINITE resources. Therefore as economies grow, inevitably populations grow (exponentially) and exceed sustainable levels. Then Governments borrow to sustain the unsustainable populations in the vain hope that "growth" will get them out of the hole. Of course growth never does. It's finite and we are on the downward slope.

We are running out of everything and fast.
This of course leads to only one outcome.

Total collapse and mass die off with a few wars thrown in for good measure. Politicians know all this but they are trapped on the treadmill and cannot comprehend in the capitalist brains how to get off. The solution means turning their backs on everything they stand for. No matter how you rationalise it the world as you know it is going to change forever.

If you now understand the capitalist model you will realise that the first symptom of total collapse is precisely what is happening now.

Financial collapse.