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What do you think the economic crisis really is?

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What is the nature of the economic crisis?
Just a minor bump in the road, like back in the early 1990s. we can spend our way out of it. 10%  10%  [ 3 ]
A major bump in the road, kinda like the 1930s. but it will get better. we might have another world war though. 31%  31%  [ 9 ]
The collapse of the global capitalistic system. the system itself is broken. 21%  21%  [ 6 ]
Something other than those 3 things 38%  38%  [ 11 ]
Total votes : 29

techstepgenr8tion
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15 Mar 2012, 10:54 am

I think this guy had some excellent thoughts on it:

http://www.memoryhole.net/kyle/2008/10/ ... crash.html

It wasn't necessarily the CRA itself but rather a series of deleterious legislations subsequent and, from what it sounds like, really starting with IBBEA of 1994.


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15 Mar 2012, 11:01 am

[youtube]http://www.youtube.com/watch?v=E1KwkScA540[/youtube]



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15 Mar 2012, 11:09 pm

1930 was the crash of the system. We swapped capitalism with capitalism+consumerism.

Expect a new ism to come (if it has not already appeared).


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16 Mar 2012, 12:21 am

It has appeared it's called.....Despotism.



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16 Mar 2012, 12:22 am

Transcorporatism


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