So, Whats the fix?

Quote from forextrades:
At the very least, removing copyright laws or intellectual property rights may solve several problems. New products and services can be innovated by anyone without red tape, licenses or permits.
Hard to believe anyone could actually think this is a good idea. Removing copyright laws and intellectual property rights would be disastrous. What incentive would there be for innovators and product developers to innovate and develop if they knew they could never benefit from the investment of time, effort and money necessary to do so?

I've seen some bizarre suggestions on here over the years but this is one of the strangest.
 
Quote from C6H12O6:

There are 3 possible solutions:
1-hyperinflation: the financial elite want it, so they can lower the debts and perpetuate their power.
2-keynes: ballooning public deficits, financed by printing money.
3-moratorium on bad debt and toxic assets, split up good and bad parts of the banks, and default on the bad parts.

The first solution will be a disaster for everyone not in the financial oligarchy.
The second solution will only postpone the problems.
The only good solution is the third, it won't create inflation.

"Conventional wisdom" says that high or hyperinflation will solve our debt problems, but won't it just increase the bigger problems of Social Security and Medicare? As inflation rises those costs will also rise.
 
Quote from KINGOFSHORTS:

We spent decades outsourcing work, importing goods and services, exporting debt.

Now what, how do we get out of this mess. Our GDP is 70% based on consumption. Not a good thing.


Anyone know how to fix this mess?

It will fix itself with the inevitable collapse of the currency and the current government structure
 
Perhaps....
They have killed the world economy.
We are all doomed.
There is no way out.
The Luddites win after all.
 
Quote from C6H12O6:

There are 3 possible solutions:
1-hyperinflation: the financial elite want it, so they can lower the debts and perpetuate their power.
2-keynes: ballooning public deficits, financed by printing money.
3-moratorium on bad debt and toxic assets, split up good and bad parts of the banks, and default on the bad parts.

The first solution will be a disaster for everyone not in the financial oligarchy.
The second solution will only postpone the problems.
The only good solution is the third, it won't create inflation.

Raise interest rates aggressively. One massive flush.
 
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