Economic Collapse 2010: The End of Economics?

The economic collapse is well underway and the economists are accelerating the collapse. Will this be the end of economics and economists? I think so.

Category:

News & Politics

Tags:

• Economic Collapse
• Peak Oil
• Economists

[clarkewi]

No, it's not the end of economics. It's the end of "surplus value" because those assigned to manage the surplus have failed in their management. Instead of "investing", they decided to turn the world into a gambling casino so that they could "skim" a little for themselves. It has been a 500 year "Ponzi Scheme" and it is drawing to a close. Read karl Marx - "Das Kapital" - the "contradictions" have finally caught up to us. It is a class war. Pick your side.,

[bigcollapso]

@clarkewi I think that the concept of "class war" is very dangerous. I could make a nice living working on business jets, but they aren't flying...

[clarkewi]

@bigcollapso Class war is the reality. The Capitalist managers have had 50 years and have turned finance capital into a Las Vegas gambling casino chasing the cheapest markets. Read Jack London's "Iron Heel" written before Jack's Reed "10 Days that Shook the World" (a movie called "Reds" with Warren Beatty. Read the chapter "The Philamuths". Explains everything. To quote, "They have failed in their management and their management shall be taken from them". Written around 1906, a century early.

[bigcollapso]

@clarkewi I agree with most of what you say. I just can't make the leap from there to "class war" being desirable or a solution. The people in charge have mismanaged the situation in a biblical way. "Class war" will only aggravate the situation, what we need is a way forward for all classes.

Maybe some see this differently, but I figured out a lot of how the game was played a long time ago, and I chose to remain a technical guy.

Now the balloon is fully inflated. "Class war" is no solution.

BC

[emmazedbend]

Good video; economists are stupid if they weren't they would have predicted our current mess! Economists just have to acquaint themselves with one fact - NO MORE GROWTH.

[bigcollapso]

@emmazedbend It seems that virtually everyone that is in Washington is either in the business of telling the Golden Goose or Father Physics what they will be providing in the future. Father Physics laughed, and the Golden Goose is a bloody mess, with thousands of bureaucrats in a desperate search. The only question that I have is, will we have to act like we are surprised if they can't find anything?

[ukusapillage]

the capital creation only worked while we were expanding our economy, during colonial days now hat mankind is all over the planet, resources are more valuable to exist in nature then being used for some stupid product, it will slow down and we will destroy the rest of nature or live in a more intelligent less consuming economy that uses resources with brains and uses much less of them the times for making huge surplus are over money will exist for only few investments and survival

[ukusapillage]

i believe in free source of energy, space was so called anti mater, its that with suns waves of radiation that are like log chains of pure energy that makes planets move in constant way according to their chemical const. if we can study the void use a similar wave motion we can recreate a endless power source, i believe thats how ufos move have no sound and arent affected by radiation of the sun electrmagnetic waves, and create strong electromg waves...

[cdltpx]

@cdltpx I think what the elite are afraid of is that the masses will begin to use up all the trees to sustain the life they knew and that is a possibility you can run a car on wood gas but a car is too inneficient government needs to get out in front and tell the people peak oil is a reality we are going to retool our economy and infrastructure to deal with it. We can cook W/solar biogas we don't have to be like Haitai and burn every scrap of wood on the land. Who said you had to have a 9to5.

[cdltpx]

@cdltpx Peak oil could be a God send if we manage it properly we can not look to washington for guidance we can take advantage of the huge subsidies for solar and gear up now while the gettings good we know what is over the horizion RE energy will have to be the norm. Those that can grasp the state of the art tech today will be better positioned for the future. Not just stocking on food ammo and the like but preparing mentally for the challenges that are about to befall our land.

[cdltpx]

@cdltpx Reverting to agrarian society is in strict opposition to population reduction if you recall the farm had large families cause the kids had work to do and the more kids the more work done. So the end of industrialization will mean the population is bound to surge. That is why they want to kill off mass segments of population they want to keep us from farming our own land knowing we would attain self reliance again cutting the middle man IE wall street. We could get by without the car.

[cdltpx]

@clarkewi The upper crust remember France and all the bloodshed when they had their revolution they have to have some plan to go to some place or select areas where they will be sheltered from all the battles. Sure those that study know we can have at home biogas plants gardens aquaponics solar heating for,water,air,cooking,and panels& wind generators for mild applications of electricity. We can do as long as we keep the water clean but the elitists think pop reduction is a must.