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Politics : Welcome to Slider's Dugout

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To: lifeisgood who wrote (12480)	10/12/2008 3:20:00 PM
From: maceng2	1 Recommendation of 50756

Thanks for your answer, and it's an important topic so your view is most welcome. However -g- I just cannot believe I will see my bills going down. i.e. there will be real deflation like the world experienced in the late 19th century. Where everything got cheaper and even wages could go down yet people could still buy the same or even buy more. New money will more then compensate for all the disappearing billions. Socialism is taking over and it won't all be socialism of the good kind, most of it will be bad. As we wallow further into the recession graft and corruption will become rife and inefficiencies will mean prices will increase more then ever. Here is Gordon Brown doing his "jig". Projecting Mr. Nice guy in public but in reality colluding with the fat cats to obtain a Stalinist grip in everything. Message 25056732 The other cartoons can be scrolled through as well. If you wait a minute ot two, the live draw cartoons scroll by them selves. All highly "on topic" ! -g- Welcome to central planning and soviet command style economics part deux! It will all be done in the name of "saving the world economy" just like the trillion dollar bail outs to date. All that "bail out" money will disappear very quickly as fees imho. The answer will be to print more money and bail even faster, but the bills will never go down in proportion to wages. The political situation will be such that wages in monetary units will never be allowed to go down except by people losing jobs and being employed at a lower rate. Typically though new minimum wage rates will be introduced and prices will go up. That's what inefficiency is. The vast proportion of people not having enough to cover the bare necessities, a very few (rapidly diminishing number) of rich people to gather from the shrinking pie of what was a strong economy. Sorry for being a bit pessimistic, but the problem has to be acknowledged first before a suitable action plan put into place. rgds

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