Should the Causers of Recessions/Depressions Hang?

Post Reply New Topic

Well, Paul Volcker purposely engineered the 1981-82 recession, and he was a Jew. So it's not always incorrect to blame a Jew.

Like other people have said, i don't think it's possible to aim forever for economic growth, our planet does NOT have unlimited ressources. Also, i do not like the savage competition that reigns within capitalism -.- How are we supposed to encourage new industries if the big ones don't give way? -.- -sigh- in any event, i'd like to mention that coops are likely to be the ones less affected by the recession... At least they are here in Quebec ;p .

Evidence please?

That one's pretty true. Orwell, before Volcker we did not know that just printing money was a dumb inflationary idea, so Volcker is the guy who said "Hey, inflation sucks!" and decided to kill the crap out of it, but basically that caused economic problems, as inflation does not like dying.

What are you on about

To quote Keynes on the hyperinflation in the 20s and 30's

''The inflationism of the currency systems of Europe has proceeded to extraordinary lengths. The various belligerent Governments, unable, or too timid or too short-sighted to secure from loans or taxes the resources they required, have printed notes for the balance.''

From Wiki

"John Maynard Keynes wrote in The Economic Consequences of the Peace that governments printing money and using price controls were causing a combination of inflation and economic stagnation in Europe after World War I''

So when Volker did what he did to get out of stagflation the outcome was already known.

Oops. I answered the survey with "YES," but I didn't mean it.
I was thinking along the lines of them going free and/or profiting from their crimes.
I just want them to spend the rest of eternity in jail.

http://www.afterdowningstreet.org/taxonomy/term/15

They know what they're doing. They've known for fifty years that this was guaranteed to happen eventually. Even I saw it coming twenty years ago. They just got so crazy greedy that they pushed it up a couple of years. For someone like Alan Greenspan to pretend that he didn't see this coming is insane.

That might actually work. Let's see, we'll round up all of the current and retired members of the Federal Reserve Board and a few other high-rollers. Too bad it'll never happen.

Capitolism itself works in moderation. It just gets out of control when you let the wrong people run things. And when you let the consumerism get so crazy. It needs a massive overhaul.

Communism doesn't work. It's inherently naive and guarantees corruption. We've had enough of that.

Let me know when it starts. I'll be there. I still can't figured out why we haven't been rioting in the streets in the US for the past seven years. It must be the floride in the water.

Hey -- don't blame us old people. I don't accept any of it.

When handled properly, greed is a source of power. Like the sexual repression of men, it helped to build society. It's just that it's not working any more.

True. It's as absurd deep down as it is on the surface. It's not working any more. It needs an overhaul.

True. I wish we had room here to describe alternatives.

True. For that and a few other reasons, it needs an overhaul.

My think too.

haha yeah they should hang but that would mean hanging most of americas middle class. you people seriously need to understand that the uneducated slobbering masses that borrowed way over their heads and took foreign-currency loans that they didnt even understand were the true "causers" of this crisis. a neurotic population suffering from sever status anxiety were desperate to prove their self-worth to themselves and their peers, and since they're too f*****g dumb to do anything else, they consumed themselves into debt thinking that a bigger car, a bigger house or a bigger tv would fill the empty void in their souls. you cant blame enterprising bankers for cashing in on that. blame the unwashed masses for not staying in their f*****g place

death to america

Most Keynesians weren't Keynes, and the idea that monetary expansion would adjust the trade-off between unemployment and inflation was not known. The long-run phillips curve was discovered by Edmund Phelps and Milton Friedman, and most Keynesians did not think that stagflation could really occur. So, even though Keynes promoted the idea in his book, he was not given any attention about it, most people just upheld the Phillips curve and they were done, seriously. So, I am not being dishonest by saying what I did, that's really what happened.

Like, if you are using the wiki article for stagflation, here's what it said below what you copied out:
"Up to the 1960s many Keynesian economists ignored the possibility of stagflation, because historical experience suggested that high unemployment was typically associated with low inflation, and vice versa (this relationship is called the Phillips curve)." , "However, in the 1970s and 1980s, when stagflation occurred, it became obvious that the relationship between inflation and employment levels was not necessarily stable: that is, the Phillips relationship could shift. Macroeconomists became more skeptical of Keynesian theories, and the Keynesians themselves reconsidered their ideas in search of an explanation of stagflation."

So, it really was not something people really knew a lot about, people just thought that inflation was a trade-off for higher unemployment.

If America goes, we take the Uma with us. For which you should thank us, since your men will get to bang their 72 dark eyed houris in Paradise, forwith.

Taking the Muslims out is almost worth the price of self-destruction, but not quite.

ruveyn

They tried that in France. After the Revolution came the Terror. After the Terror came Napoleon.

ruveyn

yeah good luck with that. face it, america has entered its twilight. in the middle east its just dawn.

Not really Abu. How long do you honestly think the "Americans" will let you continue your control over middle-eastern oil? See what they've done to Iran? Saudia Arabia is in the same place as us-- greedy, lazy men and women who think the world is in their debt.. Paleeease...

The Middle East is an interesting region, but it's hamstrung by the oppressive belief and political systems that exist in the countries. The decades of Western Imperialism are over, the East shall rise from the shadows and engulf the world. We will play fine music, you and I.

That has always been obvious to me -- not that anyone ever listens... While it's true that they mindlessly follow and believe the hype, It would be more realistic to blame those who DID understand what they were doing and took advantage of the stupidity of the masses. They didn't just allow. The monopoly on the mainstream media is absolute. Everyone believes that we have freedom of speech, which only adds to the confusion. The five (5) people who control the global media consciously and deliberately created a culture of consumerism in which one was practically required to play. Most people have no idea what is really happening, and if you try to tell them, they edge away as though you're a dangerous lunatic. The mainstream media openly ridicules any alternative view, strongly encourages everyone to do the same, ("If you see... just push him down the nearest flight of stairs") and subtly hints that you can go to jail for speaking out. You are forbidden to think it through, and you don't have time to anyway before the next commercial (at double the volume) blows away whatever half thought you might have had.

They also encourage racism, while pretending to oppose it. They want us to believe that the government loves certain ethnic groups more and will protect us at the expense of other groups. That was one of the messages of Hurricane Katrina. "Don't worry, this could never happen to us, so it doesn't matter."

The idea that our own government could murder 3,000 people, on US soil, in broad daylight, is just so horrible that no one can think it. My own brother-in-law was in that building (a typical Wall-street guy). He was so traumatized that he didn't talk for a week. Then he went back to work at the new location, as though nothing happened. He still believes that he is at the top of the food chain, and that his government loves him. There's no room in his mind for anything else. He reminds me of Ashley Wilkes in "Gone With the Wind" (fictional character who couldn't adapt to a changing world). Can you say, "house slave"?

We've known all along that this was coming. None of the arguments are new. One of my earliest memories is of my father yelling at the TV about inflation, "stop printing the damn stuff!" It was as obvious then as it is now. But we're not allowed to know or think about it. Just buy, buy, buy, and all will be well.

They talk about economic theories as though it's complicated, and invent complicated excuses until you run out of room in your brain, then they say, "Trust me. I'm an expert." As though that is proof of something.

Neither are we allowed to know what the people non-english speaking countries think. They paint everything in the worst possible light, and absolutely never discuss motives. This war is breaking out here, that one is breaking out there, and there's never a motive. We are expected to believe that all Arabs are mindless lunatics who go around killing each other for no reason at all. If we could talk to each other, that would help. They take advantage of the fact that the Arabs are not here to defend themselves.

The enemy is not really the people in the US or the Arabs or the Chinese or the Jews or anyone else. The real enemy is a handful of people who don't care about any of us. The competition is an illusion. (A rising tide floats all boats.) If they can keep us suspicious of each other, they can keep doing whatever they like.

Good luck with that. The truth is that we're all going down together. Either we all win, or we all lose.

Sometimes, I have trouble remembering why we even want to save this retched planet.