Worldwide Economic Collapse

[alaric89]

Posted by: civilchallenger

What this situation will show is that sometimes democracy can be the tyranny of the majority, forcing a debt load upon a minority. While democracy may be the best form of government is clearly has some downside. I hope that the days of such ideas of using unethical force are numbered and in the future all purchases and charity of any sort will be voluntary. That would go a long ways toward solving today's economic problems. In other words, what is wrong for one is also wrong for a collective. Its illegal to force your neighbor to take out a loan, so it should be illegal to force people who don't want the government to take out a loan on behalf of them to have to support that.

Africa has dictatorships, they punish the most productive more than democracies do. We are in trouble but I don't blame democracy.
Dept or surplus with this international monopoly (the game) money does it really matter?
Norway has a huge budget surplus, but the economy for people who work in private industry have it tough right now. The strong economy is do to oil reserves. Our government makes all sorts of laws, expands its powers, and increases taxes in ways that would shock a American. Luckily things are so screwed up that Norway has a back up economy.
The same one that always gets people through periods of statist stupidity, the black market.

[civilchallenger]

So uh . . . what numbers are you basing this on, then? Because just pulling numbers out of your ass isn't a good idea.

My entire OP used numbers from the Bank of International Settlement (BIS). Of course the BIS is absolutely notorious for being tyrannical assholes. All I'm claiming about the data is it would match BLS, BEA, World Bank, IMF, CIA, etc. And AFAIK only large banks and large government agencies have the data for GDP, government spending, and government debt.

PS - So shoot me if I take days to respond... a worldwide collapse would take years so really a response time of less than a month or so is prompt.