Comments (21) (Please sign in to comment)

1. 

   MortyForTyrant said, about 1 year ago

   ncidentally we HAVE pretty foul weather right now over here. But that will pass. And the Euro will survive. I know that these guys at Wall Street just want to scare people in order to make money. But even THEY can’t be so stupid as to smash the whole system, including the U.S. banks, in order to make a fast buck.
   
   [Dramatic Music] Or can they???
   
   Hey, SEC, time to put down the doughnuts, get in riot gear and raid Moodys, Finch, Standard&Poors and everybody else who tries to kill the Euro. If they collaborate with each other that would certainly be a felony, right? Remember: if the Euro collapses the Dollar is next…
2. 

   masterskrain said, about 1 year ago

   I believe what we have developed over the last several decades is a worldwide economic system that is so interconnected that it is now very susceptible to “The Butterfly Effect!”
   ANY economic disruption ANYWHERE in the world will have a ripple effect, and cause more disruptions, which will cause even more…
   And so forth.

   And by the way…Morty, YES, they CAN be that stupid and greedy!
3. 

   Bruce4671 said, about 1 year ago

   Why do they call George Soros the “man who broke the bank of England”?
4. 

   Clark Kent said, about 1 year ago

   @ima, crawl back under your rock. The USA needs a viable Socialist party like the countries of Europe have. Bring back the Glass Steagall act. Bring back the tax rates on the megarich that were in effect during the 1950’s thru the 1970’s.
5. 

   DGF999 said, about 1 year ago

   @Clark Kent

   Socialism is incompatible with what I view as American society. There should be no socialism, nor communism in this country because these are 180 degrees out from our way of life: Capitalism. If you want to live in a communist society, then move there, please, they’ll be glad to have you.
6. 

   mikefive said, about 1 year ago

   @MortyForTyrant

   The SEC is continually underfunded by Congress and is unable to completely fulfill it’s mandate. Do you suppose that campaign donations have anything to do with that?
7. 

   DrCanuck said, about 1 year ago

   @DGF999

   Interesting perspective. Tell me, between America going socialist or having its economy collapse entirely, which would be your choice?
8. 

   Fourcrows said, about 1 year ago

   @DGF999

   A lot of our “way of life” is dependent on socialism. Things like 8 hour work days, 40 hour work weeks, paid vacations, livable salaries and wages, medical leave, maternity and paternity leave, being able to get paid with money and not company credits, are all the result of fighting by the " socialist" unions; none were willingly granted by the robber barons who controlled the money. Also, think of services like social security, Medicare, fair housing, the freeway system, public schools, police and fire protection, all aspects of socialism. It is true that a pure socialist system is likely to collapse, but pure capitalism leads back to no middle class, as none of the top wealth controllers seem willing to give up anything without laws and regulations forcing them to. We need a mix of both. That way, those with the drive and ability are rewarded for their efforts, but also so those not granted wealth at birth have opportunities to create their own, and those in need of help are not swept under the carpet.
9. 

   Radish said, about 1 year ago

   @Bruce4671

   That was 20 years ago. You try to make it sound sinister but it hardly compares to the Wall Street thieves who deliberately bet against their investors money.
   .
   On September 16, 1992, Black Wednesday, Soros’ fund sold short more than $10 billion in pounds, profiting from the UK government’s reluctance to either raise its interest rates to levels comparable to those of other European Exchange Rate Mechanism countries or to float its currency.
   .
   Finally, the UK withdrew from the European Exchange Rate Mechanism, devaluing the pound, earning Soros an estimated $1.1 billion. He was dubbed “the man who broke the Bank of England”.
   .
10. 

    mikefive said, about 1 year ago

    @DrCanuck

    Under socialism we would all be equally poverty stricken. With a collapsed economy, the poverty would be unequal.
11. 

    DrCanuck said, about 1 year ago

    @mikefive

    You know you’ve given an inaccurate representation, but for argument’s sake (and I don’t accept this for a moment), I’ll meet you in the middle.

    
    Under socialism, we all only have the bare necessities but under collapsed captialism, 99% are poverty stricken and 1% are thriving.

    
    Now what’s your choice? Are you of the opinion that YOU would be of the 1%?
12. 

    mikefive said, about 1 year ago

    ^Only in my dreams DrCanuck.
13. 

    dtroutma said, about 1 year ago

    Buy a product made, and designed, and sold over the phone, only in America. We’ve created that “global economy” with OUR banks, the same ones that actually ARE the “Fed”.
14. 

    Eryx said, about 1 year ago

    And the GOP wants to do what has failed in Europe.
15. 

    piobaire said, about 1 year ago

    @Fourcrows

    Well said, Fourcrows. Cheers!
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