Sarkozy: G20 Results "Beyond His Expectations"

[Chris Austin]

Oakman wrote:

"Beyond His Expectations"

Somehow I read that as Beyonce.

Sovereign ingredient for a happy marriage: Pay cash or do without. Interest charges not only eat up a household budget; awareness of debt eats up domestic felicity. --Lazarus Long Avoid the crowd. Do your own thinking independently. Be the chess player, not the chess piece. --?

[Lost User]

These are good measure though, dont you agree?

Morality is indistinguishable from social proscription

[73Zeppelin]

Does anyone else see the G20 as a kneejerk over-reaction? I can't believe this talk about "capitalism is dead". I have a sickening, sinking feeling that the result of this G20 meeting will be detrimental rather than beneficiary. Like any other system, an economic system benefits from diversity. That's why centrally planned economies, devastated natural systems, systems lacking biodiversity and stock portfolios with only 1 or two stocks fail. Now we've witnessed what is basically the precursor to a centrally planned global economy. Anyone else as worried as I am?

[Stan Shannon]

73Zeppelin wrote:

Anyone else as worried as I am?

Now, if that were me saying that, it would be tin foil hat time. Some of us have been warning about the US finally joining the international Marxist utopian brotherhood for quite some time now. But,yeah, me too. None of this shit is going to work, economic collapse is now inevitable. At best, if all of this works out according to the most optimistic forcasts, it will merely mean a slow collapse rather than a quick one. There will be no recovery worth the name. Looks like the John Birch society guys were right all along. Should have listened to them.

Chaining ourselves to the moral high ground does not make us good guys. Aside from making us easy targets, it merely makes us idiotic prisoners of our own self loathing.

[Oakman]

73Zeppelin wrote:

Does anyone else see the G20 as a kneejerk over-reaction?

I think that many "world leaders" saw the crisis and the G20 meeting as an opportunity to advance agendas that they have held for years.

73Zeppelin wrote:

Now we've witnessed what is basically the precursor to a centrally planned global economy. Anyone else as worried as I am

Only those people who care about the life their children and grandchildren will live.

Jon Smith & Wesson: The original point and click interface

[Oakman]

Stan Shannon wrote:

There will be no recovery worth the name.

I think there may be something that feels like one for a year or two; the Dems are counting on that to get them by the 2010 elections.

Stan Shannon wrote:

Looks like the John Birch society guys were right all along. Should have listened to them.

Especially when Joe Welch the founder said that President Dwight D. Eisenhower was a possible "conscious, dedicated agent of the Communist Conspiracy." I've always figured that he was the one who ordered Patton to be assasinated to clear the way for his presidential bid. :mad:

Jon Smith & Wesson: The original point and click interface

[Lost User]

Previously, there were competing economic models. The West with its Capitalist model and the Soviet Union and China with a State Controlled model. With Reagan being able to outspend the Soviet version of State Controlled Economics was perhaps helping to store up a future laden with debt. The collapse of the Soviet Union ensured that the only viable economic model was viewed with some envy in Moscow thus the club was enriched by Russian intentions. Since Chairman Mao's death, China has gradually opened up and in terms of economics only saw the capitalist model as viable. Both China and Russia, having joined this club, wanted to reap the benefits. The debt I spoke of above and debt accumulated since was showing some financial profit that persuaded both Russia and China that it would be prudent to buy into. Why only should the oil rich Arabs benefit from this capitalist debt. Courtesy of the collapse of the sub-prime market in America and elsewhere have assisted in causing a mushroom effect in the downward valuation of such debt. Personal financial liquidity became problematic, Stock markets falling, Banks failing. This frightened not just the Governments of western nations of USA, Britain etc but also of Russia and China who saw this debt for what it became. Namely worthless paper. It is anticipated, from what I read, that some $5T will be spent this year alone by the Governments of this world to address these problems. And what is that $5T if it is not a further burden on our children's' futures Zep suggested that others talk as if capitalism might be on its last legs. They could be right. But I'm not yet convinced that some centrally planned global economy is the answer.

[Oakman]

Richard A. Abbott wrote:

It is anticipated, from what I read, that some $5T will be spent this year alone by the Governments of this world to address these problems. And what is that $5T if it is not a further burden on our children's' futures

I believe that the U.S. alone is planning on spending that much - not counting our gifts to the IMF.

Jon Smith & Wesson: The original point and click interface

[Stan Shannon]

Oakman wrote:

I think there may be something that feels like one for a year or two; the Dems are counting on that to get them by the 2010 elections.

I fully expect the overladen economy to stagger back to its feet and pull its load another mile or two down the road, with the entire world beating on it, it might make it a little further. But sooner or later it is simply going to give out.

Oakman wrote:

Especially when Joe Welch the founder said that President Dwight D. Eisenhower was a possible "conscious, dedicated agent of the Communist Conspiracy." I've always figured that he was the one who ordered Patton to be assasinated to clear the way for his presidential bid

Now, how come I can't get away with that kind of paranoia? :rolleyes:

Chaining ourselves to the moral high ground does not make us good guys. Aside from making us easy targets, it merely makes us idiotic prisoners of our own self loathing.

[Oakman]

Stan Shannon wrote:

But sooner or later it is simply going to give out.

Doesn't it scare you that I agree with you?

Stan Shannon wrote:

I can't get away with that kind of paranoia?

What paranoia? Either Ike did it to make Joe Stalin happy and ensure that he, not Georgie, was the Republican nominee in 52, or the Russians did it themselves with the aid of Westbooke Pegler and FDR.

Jon Smith & Wesson: The original point and click interface