Recent content by slider123456

I partially agree but to say the service based sector does not contribute anything to GDP is extreme. There are service sector jobs that contribute efficiency to the overall economy. Education, technological services such as internet, financial services which direct capital and many other...

You think almost 2,000,000 jobs lost since the beginning of 2008 will not lower GDP?

I read an article about potentially using small nuclear reactors at tar sands. Seems the business plan revolved around supplying power to tars-sands. Even though it may be a pipe dream it does show technological factors can improve limiting factors. It is unlikely to be feasible at low prices...

I was questioning the poster I quoted on the first page. Also work does not mean demand I could work make a million a year and create as much demand as a bum on the street by living in a tent and growing my own food like a miser.:eek:

I think your definition of demand is not being used in the economic sense of the word. Demand in the economic sense means the ability to buy a good you want. Saying "everybody still wants a house" is not demand if they have no money to buy it. That is desire/want not economic demand. Both...

How can you have supply and demand if no one is earning money to buy things (demand) or working to produce things (supply)?

great unwashed???? Think you are the one missing the fact that what you posted is what he is stating in his usual rhetorical fashion.

The problems we are going through now are the result of oversupply and have been building up since the great depression. Another word for oversupply is under-capitilization of the consuming public which is the reason for massive debt to make up the difference. Keynes idea of stimulating the...

Wow at least there is a little bit of hope if half a dozen people on this thread understand our economic ponzi scheme. Seems like it is not so bad at the beginning of the ponzi scheme but turns into the nightmare that is happening now by the end. I suggest reading Web of Debt by Ellen Brown I am...

I do not think you could call it socialism if the people get to vote democratically where the capital will go along with elected representatives who could be voted out of office if the results are unsatisfactory. If that is socialist then the whole entire idea of government is socialist.

Get rid of the fed and base money on an actual commodity or basket of goods. Then use interest as a revenue stream to offset taxes through a nationalized democratically controlled banking institution.

A class action lawsuit on a large scale based on the same facts that Jerome Daly used to win in First National Bank of Montgomery vs. Jerome Daly could work.

No

In the book one of the economic systems it proposes that would work is that a government institution gives a $100 loan at %5 interest they immediately make the $5 then spend it into infrastructure etc. Then the person that made the loan would be able to get the extra $5 by working and pay off...

In my opinion everything in that document is a symptom of a more fundamental problem and they were all designed to stave off inevitable collapse. To understand the more fundamental cause read the book Web of Debt which is available on Google books.