Maybe the communists /socialists have it right

[UFO]

Zeroing out our economy may be the only way to save our people.

Starting from scratch. Lower pay, lower rent, lower food prices etc.
Capping prices and pay.

Crash the world economy and put it in the peoples hands.


With corporations constantly abandoning every nation because taxes go up a little and in turn throwing peoples lives into chaos and in turn the economy.

If it is erased and forced to start over with extremely strict regulations everyone can make it.

Hey, I'm liking this idea.

FFood for thought.

[UFO]

Does anyone else think this idea may work?

[gazhekwe]

I like it but can't see it ever happening voluntarily and across the board. My idea was to just divide the dollar in half. Every dollar would now equal two dollars. That way, there would be twice as much money but the values would all be halved. Something like that. I get a little foggy around numerical thinking. Anyway, we would still have the same income and buying power but at only half the value as before. We wouldn't SAY a loaf of bread now costs $1.50, or we make $10,000 a year, but that would be the effect.

[oladub]

If it is erased and forced to start over with extremely strict regulations everyone can make it.

It might be crashing already but you really don't want to wish a crash on anyone. It would cause more suffering than most of us can imagine. Argentina had a crash. This is one account.
Lessons from Argentina's economic collapse

If strict authoritarian regulations are the pot of gold at the end of your rainbow, that probably isn't going to be an easy sell either. If our economy collapses, my guess is that whomever is making the strict regulations will also control the assets.

[UFO]

Not just our economy. The entire world economy needs to be crashed and everyone start from scratch equally with tight restrictions in place.

Those elected would be held accountable also. I dont think they would want to rob the people if they knew they could get death as their sentence.

A complete overhaul of the world economic and governmental systems would work wonders.


Pay caps price caps real estate caps etc .

All this would make it possible for us to provide healthcare to all everywhere.
We could eradicate homelessness,starvation,and disease. No more wars ,especially for oil because industry would be significantly downsized because no one would be chasing greed anymore.

That could work.

[UFO]

I like it but can't see it ever happening voluntarily and across the board. My idea was to just divide the dollar in half. Every dollar would now equal two dollars. That way, there would be twice as much money but the values would all be halved. Something like that. I get a little foggy around numerical thinking. Anyway, we would still have the same income and buying power but at only half the value as before. We wouldn't SAY a loaf of bread now costs $1.50, or we make $10,000 a year, but that would be the effect.

"I am so confused"

[gazhekwe]

Well, numbers I don't get that well, so can't explain very well, I guess. I just think we need a big cutback of some kind to free up some money, but we all still need the same buying power. It has to be across the board so nobody feels it and none of us lose our buying power.

[Lorax]

What you are proposing is what we all should have been doing for decades now, and is the logical extention of the reforms put in place by FDR.

Allow me a moment to riff on the wrongs done to us by elitists in charge:

We wouldn't have had to go through a collapse or washout of the economy if corporations were held accountable by government oversight, which is what we enjoyed for decades before Rethuglicans took over and turned the system upside down in an effort to destroy the reforms of the New Deal.

But they weren't happy with just destroying government, they had to steal in the process, for in chaos, you can steal. This is what the Iran/contra affair was really all about, the first Gulf War, and of course the last 8 years of war in Iraq and Afghanistan.

But why just stop there- raping the natural resources of foreign nations wasn't enough, so they had to bring down the middle class in this country- fucking the average working person, driving them into poverty for additional economic gain.

Offshoring their jobs, cancelling their health care, egging them on to use their homes as an ATM machine, since their credit had dried up. Now they want their property too, since this idea of "modifying loans" has been yet another shaft.

Banks aren't interested in modifying loans, they would rather get the property back, as much as everyone says to the contrary. If they refuse to play ball, mandated by the feds to do so, then the only logical conclusion is that they must want the property. Well, come and get it.

This is why we are yet to see the final shoe drop on this economic collapse. Commercial real estate loans were packaged and sold as securities as much as home loans were, so this is the next thing to look out for. Whirlpool is closing in Indiana, Boeing is going to China. Halliburton went to Dubai, and the list goes on.

The final nail has been driven in the coffin, folks, and corporate America is holding the hammer.

When new cars top out at 5,000.00 bucks, new homes at 25,000.00 bucks, a loaf of bread is 25 cents- then we will be able to lead a middle class lifestyle on our current incomes. Yes, it's that bad.

Wall Street is working feverishly right now to reinflate the bubble, and return to business as usual. Without oversight, a strong SEC, and stiff fines for violations, we'll return to the days when the Martha Stewarts of the world are excoriated in public, while the Bernie Madoff's are allowed to get away with multi-billion dollar theft.

Thanks Bush Crime Family- your sense of propriety is truly breathtaking.

New Rule: If you can't afford to pay cash for it, and that goes for houses as well as cars, food, etc. then it costs too much.

[elganned]

Well, numbers I don't get that well, so can't explain very well, I guess. I just think we need a big cutback of some kind to free up some money, but we all still need the same buying power. It has to be across the board so nobody feels it and none of us lose our buying power.

The technical term for what you are discussing is "devaluation". Unfortunately, it wouldn't work like you think.

Nothing occurs in the economic world without an equal and opposite reaction, like physics. Prices would be cut in half, but so would your wages. Your buying power wouldn't change.

The only thing that will increase your buying power is redistributing some of the money supply from those who have way more than they need to those who don't have enough.

[Danny]

This free nation has its first premier of the Pre-federative Socialist Democratic Communist United States of Amerika Barack Obama bringing forth free health care to all Americans. Pre-Soviet era begins in 2009 to 2013 and again to 2017. Get used to it. Socialism is here and its a reality. This free nation has choosen Obama and we have to deal with it. COMRADS!

[elganned]

Danny, are you off your meds again?

[ccbatson]

Socialism has failed in history every time it is tried, why would this be any different?

[Jimaz]

The interesting thing about barter economies is that there's no traditional hierarchical employment relationship. There are also no taxes.

With so many unemployed in Michigan, TimeBanks could be a big help to some people.

Could Detroit become the next Bartertown?

[gazhekwe]

elganned, thanks for the word, Devaluation. That is what I mean, exactly. I don't think the buying power should change. It should stay the same as we recover. Of course those who can get higher paying jobs can increase their buying power, or people who finally find a job or who get a raise, just like now. The idea is to free up cash for recovery, and/or pay down debt, and equalize the money value with world currency.

[UFO]

But devaluation will only make the poor poorer. No equality in that plan.