Does anyone really understand the world economy

Started by leonheartmm2 pages

i think the complexity as well as the fact of human perception of events along with the specificites as well as largeness of cultural reactions {which are different throughout the world}make the economy very chaotic as well as orderly enough on the macrological scale to spredict certain threads of causality.

To take your point a step further Leon, I think it's Pro-America religious peoples' fault.

Originally posted by leonheartmm
i think the complexity as well as the fact of human perception of events along with the specificites as well as largeness of cultural reactions {which are different throughout the world}make the economy very chaotic as well as orderly enough on the macrological scale to spredict certain threads of causality.

facepalm

You can't just use big words randomly and hope it sounds smart, man.

Originally posted by Bicnarok
What gets me is the interest, if you lend money and have to pay interest back then where does the interest come from? And there are a lot of loans out there which means a lot of interest!! take the US Dept and 15 Trillion or whatever it is, friggin hell is there that much money in the world???

According to Wikipedia (lol I know) the combined GDP of all the world's nations is 62-63 trillion dollars.

America is #1 if you count single nations with 14 trillion dollars while the European Union possesses a combined GDP of 16 trillion.

computers are evil

Originally posted by dadudemon
facepalm

You can't just use big words randomly and hope it sounds smart, man.

I find your opinion toward the grammatically-challenged and egotistically-inclined to be both shallow and pedantic.

Originally posted by dadudemon
facepalm

You can't just use big words randomly and hope it sounds smart, man.

idk, I do it all the time

If they do, they don't seem to be able to do much about it.

Originally posted by Symmetric Chaos
The modern world uses mostly debt backed currency, the idea is to make sure that money keeps flowing. It's also where people have a problem with our current economic model. One way of describing it is as a massive Ponzi scheme or a pyramid scheme.

Unlike a person running such a scam, however, large governments and banks have no where to go and are functionally immortal, they cannot cut and run even if they want to. Everyone is chasing someone else's debt but, no, it's ultimately not owed to anyone in particular because it doesn't exist . . . yet. That's the key to it.

Nicely put. It's all supported by air, and it'll work, only so long as everyone keeps flapping their wings.

Money has more faith in it these days than religion.

So no, no one understands it.

fgh

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