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What is the main problem in the world recession ?

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Comments

  • #32
    thebman
    Closed Accounts Posts: 10,012 ✭✭✭✭thebman


    yoshytoshy wrote: »
    But there should be more jobs created because of it ,the wages at the top should be cut drastically. Put in people in the middle to watch things etc.
    Banks should have staff that are not paid by the bank directly and who answer to an authority.

    Isn't that the regulator?

    As pointed out the problem is Ireland is too small a country and it all gets too friendly.

    We can't just outsource the regulation because they'd have an invested interest in destroying our economy for their own countries benefit.

    The problem is who polices the police?


  • #33
    yoshytoshy
    Closed Accounts Posts: 3,305 ✭✭✭yoshytoshy


    thebman wrote: »
    Isn't that the regulator?

    As pointed out the problem is Ireland is too small a country and it all gets too friendly.

    We can't just outsource the regulation because they'd have an invested interest in destroying our economy for their own countries benefit.

    The problem is who polices the police?

    An authority I was suggesting would be a government one ,employees of the state who work in the bank.
    They would be accountants/auditors who cross check the books on an ongoing basis.

    They would answer to the government/central bank and would be responsible for any wrong doings by the bank.

    I don't see how the current system can work ,if no one is actually working in the banks and sees the cashflow all the time.

    It's the banks/financial institutions that got us into this mess.
    I don't see why it won't happen again ,if we allow them to carry on as they did.
    Your always going to get greedy people working in the banks ,if they have no one to answer to.


  • #34
    silverharp
    Registered Users, Registered Users 2 Posts: 18,854 ✭✭✭✭silverharp


    nesf wrote: »
    Sentiment is what's making people unaffected as of yet by job losses etc to stop spending. It's the Keynesian problem of an oversupply of labour and oversupply of goods for sale. People have hugely trimmed back on their expenditure because they fear job losses will widen and they might lose their job and this is a self-fulfilling prophesy since the lack of spending will create more job losses.


    just a thought on this, one thing that came to mind was that just about everyone with assets is poorer then thought they were only a last year. They might have their job but they have had their pension pot halved , the fear of higher taxes and their houses in their mind may have gone from the asset category to the liability category.
    These are real assessments of the future and people have quite rightly started to build up real savings or pay down debt. Its just as correct to say that this is a normalisation process and that the last decade was the distortion of false expectations.

    A belief in gender identity involves a level of faith as there is nothing tangible to prove its existence which, as something divorced from the physical body, is similar to the idea of a soul. - Colette Colfer



  • #35
    nesf
    Registered Users, Registered Users 2 Posts: 27,644 ✭✭✭✭nesf


    silverharp wrote: »
    just a thought on this, one thing that came to mind was that just about everyone with assets is poorer then thought they were only a last year. They might have their job but they have had their pension pot halved , the fear of higher taxes and their houses in their mind may have gone from the asset category to the liability category.
    These are real assessments of the future and people have quite rightly started to build up real savings or pay down debt. Its just as correct to say that this is a normalisation process and that the last decade was the distortion of false expectations.

    I'd argue that markets and people tend to overshoot on both ends of the scale. Normalisation is still some way off, people's exceptions need to "bottom out" before that's possible.


  • #36
    TomRooney
    Registered Users, Registered Users 2 Posts: 458 ✭✭TomRooney


    yoshytoshy wrote: »
    Is there any clear cut answer as to why the recession is so bad ,the world over ?

    The obvious answer is the mortgages in america ,but it can't be the only cause.
    Is it possible that there are too many financial operations around the world ?

    Why do we need so many banks ? ,surely one bank in each country would be enough and any money being made is put to good use.


    go to google video, search for the film ZIETGIEST in the search bar and all your questions about this failed system will be answered.

    it is a real eye opener.


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  • #37
    The_Minister
    Registered Users, Registered Users 2 Posts: 10,255 ✭✭✭✭The_Minister


    TomRooney wrote: »
    go to google video, search for the film ZIETGIEST in the search bar and all your questions about this failed system will be answered.

    it is a real eye opener.
    ~If that is what I think it is, then I must remind you that baseless conspiracy theories have their own forum on boards.


  • #38
    book smarts
    Closed Accounts Posts: 218 ✭✭book smarts


    Basically an army of deluded "experts" convinced the world to gamble their futures in a giant casino/pyramid scheme and put it all on red.


  • #39
    Time Magazine
    Registered Users, Registered Users 2 Posts: 8,452 ✭✭✭Time Magazine


    book smarts wrote: »
    Basically an army of deluded "experts" convinced the world to gamble their futures in a giant casino/pyramid scheme and put it all on red.

    Aside from the evidence Zeitgeist provides that "experts" can convince large numbers of people things that aren't true, would you like to back up your statement?

    Or are you going to rely entirely on bland cynicism?


  • #40
    yoshytoshy
    Closed Accounts Posts: 3,305 ✭✭✭yoshytoshy


    After looking at the most of the zeitgeist series on youtube ,I can't really get behind the logic of a non monetary system.

    Criminals have always existed ,murderers ,thieves and con artists. How could you keep a balance of reward for people like this in a non monetary system.

    Elderly people are naturally less productive than younger people ,how do they fit into a non monetary system ?


  • #41
    thebman
    Closed Accounts Posts: 10,012 ✭✭✭✭thebman


    yoshytoshy wrote: »
    After looking at the most of the zeitgeist series on youtube ,I can't really get behind the logic of a non monetary system.

    Criminals have always existed ,murderers ,thieves and con artists. How could you keep a balance of reward for people like this in a non monetary system.

    Elderly people are naturally less productive than younger people ,how do they fit into a non monetary system ?

    The whole point of the non-monetary system is that you don't have to work to get goods at all.

    They want to automate all the work people don't want to do and people will do the other work because they want to because they are interested in it.

    Nobody would rob because there is no need when you can just go get whatever you want without paying anyway. The only reason you'd rob is if you were too lazy to walk to where ever it is your supposed to go to get one of the items you were robbing.

    It basically boils down to, would people work because they want to and not because they have to? Some people wouldn't and what this system says is leave them to do nothing because there will be enough people willing to work anyway just because they like doing it.


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  • #42
    yoshytoshy
    Closed Accounts Posts: 3,305 ✭✭✭yoshytoshy


    thebman wrote: »
    The whole point of the non-monetary system is that you don't have to work to get goods at all.

    They want to automate all the work people don't want to do and people will do the other work because they want to because they are interested in it.

    Nobody would rob because there is no need when you can just go get whatever you want without paying anyway. The only reason you'd rob is if you were too lazy to walk to where ever it is your supposed to go to get one of the items you were robbing.

    It basically boils down to, would people work because they want to and not because they have to? Some people wouldn't and what this system says is leave them to do nothing because there will be enough people willing to work anyway just because they like doing it.

    I don't agree with the current markets and how they work ,but if we where to introduce a non monetary system. Wouldn't we be essentially halving the global workforce instantly ?
    No money sustaining elderly people ,no money sustaining the young population ,no money to sustain the disabled people in the world.


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