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Re: the coming Great Depression [ajfranke]
[ In reply to ]
Re: the coming Great Depression [Richard R]
[ In reply to ]
That is a fairly tortured reading, but you could be right. I never heard of faith based economics before, but one never knows.
Re: the coming Great Depression [ajfranke]
[ In reply to ]
GDP = # of workers x productivity of ea. worker
Maybe you've heard of the baby boomers? Guess what that will do to the (# of workers) part of the above equation?
Doom & gloom is real and it's near.
That doesn't mean you need to run off into the woods and join a militia.
It does mean you need to get a plan, because I don't think the pols will take care of their mess in time to fix it.
Governments go bankrupt and default all the time. It's never pretty. But some people turn out all right, even profit from it.
-- rb, enjoying a more positive life away from this cesspool of human misery and bitching.
Oh, and let me add that it's not just doom & gloom people warning about this.
Paul Volcker, Warren Buffet, Alan Greenspan, the list goes on: They've all been warning about this for several years.
Maybe you've heard of the baby boomers? Guess what that will do to the (# of workers) part of the above equation?
Doom & gloom is real and it's near.
That doesn't mean you need to run off into the woods and join a militia.
It does mean you need to get a plan, because I don't think the pols will take care of their mess in time to fix it.
Governments go bankrupt and default all the time. It's never pretty. But some people turn out all right, even profit from it.
-- rb, enjoying a more positive life away from this cesspool of human misery and bitching.
Oh, and let me add that it's not just doom & gloom people warning about this.
Paul Volcker, Warren Buffet, Alan Greenspan, the list goes on: They've all been warning about this for several years.