'There is no capital left in the world'
Find a Conversation
'There is no capital left in the world'
| Wed, 09-17-2008 - 7:04pm |
One shell-shocked senior banker in London said that there was no future left for the traditional investment bank. “The world is on the brink. The market is puking all over us. There’s no capital left in the world,†he said.

Pages
So somebody finally said it. There is no capital left in the world. Well, that might be a little of an overstatement, but not much. The monsterous debts Bush and the Republicans have run up have sucked up such a large share of the worlds capital, there is little left.
If it had not been for the outstanding debts of the U.S., there would be no reason for the government socialism that has been going on this week on Wall Street. If the businesses fail, but there was capital, as when WorldCom and Enron failed several years ago, the economic system of the world could simply absorb the loss and go on. But now, there is not enough capital left to cover the loss and go on.
How many years will it take to get out of this mess?
Good question. Right now, it scares me silly. And I adjudicate unemployment compensation cases for a living.
Goddess I hope this is not the beginnings of a full blown depression.
Were it not for the intervention so far we might already be into depression.
But you are right, Republican policy (curb regulation)
Full length fiction: worlds undone
"You have no power over my body..." ~ Anne Hutchinson
But for the present age, which prefers the sign to the thing signified, the copy to the original, representation to reality, appearance to essence.....truth is considered profane, and only illusion sacred. Sacredness
If it had not been for the outstanding debts of the U.S., there would be no reason for the government socialism that has been going on this week on Wall Street.
How many years will it take to get out of this mess?"
Bush's $1Trillion's nothing compared to the $50 trillion in debt the US owes in social insurance packages...
The social service figures are anticipated, going forward. The 9 trillion dollar deficit is based on past events. Not comparable. If we didn't have that 9 trillion in debt, the other element would be pretty easy to fix, but that may have been part of the plan all along.
http://llhaesa.org/
Full length fiction: worlds undone
"You have no power over my body..." ~ Anne Hutchinson
This might take more than tax cuts. See who effectively owns AIG in the moment?
We do.
Full length fiction: worlds undone
"You have no power over my body..." ~ Anne Hutchinson
Long term, absolutely a good investment, beyond the return.
For me, the key in all of this is how the right despises regulation and what it likes to call 'big government.' But what we have seen is that these elements are essential, because capitalism screams for regulation, else it will run to excess and beyond proprietary reason.
I watched through the 1980s onward
Full length fiction: worlds undone
"You have no power over my body..." ~ Anne Hutchinson
Pages