Old Project Avalon Forum (ARCHIVE) - View Single Post - Capitalism, Sustainability, and the Possibility of Global Collapse

10-31-2008, 03:35 AM

The closing bell has come and gone - I think the market actually ended up today. The market will probably decline steadily for the next 12-24 months, unemployment will creep toward 10%, and we will continue to export our "slightly higher than minimum wage" manufacturing jobs - but I just don't think the system will be purposely crashed. It is not in the best interest of the PTB.

I listened to NPR today on my way home, and one of the first spots on "All Things Considered" was a bit on the credit default swaps. Our economic system can be frightening when the light gets shined on it.

10-31-2008, 03:35 AM	#149
historycircus Guest Posts: n/a	Re: Capitalism, Sustainability, and the Possibility of Global Collapse The closing bell has come and gone - I think the market actually ended up today. The market will probably decline steadily for the next 12-24 months, unemployment will creep toward 10%, and we will continue to export our "slightly higher than minimum wage" manufacturing jobs - but I just don't think the system will be purposely crashed. It is not in the best interest of the PTB. I listened to NPR today on my way home, and one of the first spots on "All Things Considered" was a bit on the credit default swaps. Our economic system can be frightening when the light gets shined on it.