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[-] 3 points by Phanya2011 (908) from Tucson, AZ 10 years ago

The 21st century economy is no longer based on anything real -- it is making money on money, with the bulk of income coming from investments and lending. Creating nothing. However, things are being created; services are being delivered. So, who is doing everything? The working people. But they no longer share in the profit-pie. Corporations are competing worldwide, constantly reducing the cost of wages, which is good for profit and, since the richest people are not tied to any particular country or government, how the profits are made is not important. Hyperinflation could cause a huge problem for the ones with all the (suddenly useless) money, but the cooperatives and employee-owned companies that are forming right now could simply trade with each other, without need for a medium of exchange. Keep on creating these cooperatives of employee owned businesses at every opportunity so we will be prepared.

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[-] 1 points by TechJunkie (3029) from Miami Beach, FL 12 years ago

You guys are upset because rich people hoard dollars. If dollars had no value then the wealth gap would be diminished. And if you have $100 today that you know will have a tenth of its spending power tomorrow, then suddenly you'll be motivated to spend your money instead of hoarding it.

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[-] 1 points by koloneci (72) 12 years ago

Everyones heard of the boiling frog anecdote describing a frog being slowly boiled alive. That's if significant changes occur gradually, people will fail to react in time and will suffer the undesirable consequences.

Over the last century, Americans have become accustomed to a high standard of living. Some more than others, some less. We've always had the poor. And even including the poor, our consumption habits have grown indulgent compared to the rest of the world.

This easy living did not come easy, and some would argue we deserve the rewards that come with progress. The resources that enabled the wealth of this country, are increasingly coming from outside our borders. This is putting a strain on the rest of the world who also are enjoying robust economies better lives.

Mass consumption, produces mass inequality. They say, "old habits die hard." And this includes our government as well. To keep this level of consumption, our beloved FED has elasticized the currency to the point where it cannot be stretched any longer. Something is got to give!

In light of the events of the last boom and bust, the good news is, we're not frogs. And finally this time, it is evident we are sensing something is very wrong. Some of us are having a difficult time putting our finger on it, while others know very well what has occurred and what is about to happen. It's simple economics. Either we go through the pain now, or complete destruction later.

It is evident the American people must find a political solution to this urgent matter.

It's a good thing…people are protesting. Scream, shout, sing, beat the drums. We all have different ideas. That's what make us as a Nation, strong! But it is a time to come together.

Let 's go to Washington DC in the millions, and reclaim our lost liberties.

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