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i do hope that they suddenly get their blinkers on again, or else we are all doomed.
because the cheap foods will only increase in price in the long term
cos they can claim its not of thie own making, and try to really radically reform, to try to protect us from the collapse that is imminant.....but no they're just blathering on about rebadging schools
Buy low sell high, or is it real doom this time...
it seems that humans seem unwilling to accept the inevitable and so believe that a rally will come and so there is a bottoming out....for a while, until the markets consolidate, let the dust lie, look around and then realise ....oh yes we are still well above what we're worth.
(to this needs to be added the deterioration in the state of markets and societies reserves in the elapsed time from the first slippage)
In case people havnt noticed....to stave off collapse of stuff that should have collapsed (initially) the govs and institutions have borrowed heavily (on the future) to protect and stop the chips from falling where they should.....things that should have been able to die off were artificially protected (with resource from elsewhere, thus weakening the overall situation)
This is the point where it was obvious that capitalism is broken......because the private sector banks (which needed to be 'saved' because they were vital) were saved by intervention that goes against the fundemental free market principles, thus indicating to everyone (surely) that true free markets are not actually something that is wanted, and that if the resultant compromised market needs others (who are not directly or handsomely rewarded, and have no influence over the behaviour of the in trouble org) to find the resource for them, yet others (who do have influence over the troubled ord are given much of the resource) then it is proof that the compromise if in no ones interest either.
Basically a compromised market can only be made to work if everyone is on side (like in WWII for eg) yet they are not, there is an essential fallacy to the market and to the rescue plan to stop the market crashing.........I understand why they would try to stave off it crashing.......who wouldnt want to? but there was no effort to accept that the staving off was a necessary evil and that a total reform of the global markets and economic and social systems were needed, no attempt to ween people off materialism gently.....only govs can do this they have the powere and sweep and influence to start to do this gently without causing a panic and further slippages......only by govs uniting would they have been able to exude the confidence and reassurance that would be needed to radically reform all countries of the world to be in a better place to survive the markets ceasing to be able to function........because that is why they will collapse......the markets cannot function under the conditions that now exist ...GLOBALLY....previously there was somewhere for markets to change the dynamic and move to....now they cant because the same system ules the whole world.....alternative options have been systematically removed by the market systems.
wooly mammoths made out of £50 notes'll be stomping around the place, and we'll have to hunt and kill one just so we can afford to buy one measly plate of pie and chips
this bloody ecomony