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BORN BANKRUPT

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BORN BANKRUPT

Post  Badboy on Mon 27 Aug - 15:43

A SERIES BY SKY NEWS SAYS THIS GENERATION IS ESSENTIALLY BORN BANKRUPT.
GOVERNMENT OWES 1TRILLION POUNDS,£20 LIED END TO END WOULD STRETCH FROM LONDON TO DUBAI,OR INCLUDING INTEREST WOULD STRETCH TO BANGKOK.
THE VALUE OF A COLLEGE/UNIVERSITY EDUCATION WILL PROPERBLY BE LESS AND LESS.
GENERATION MIGHT BE UNABLE TO BUY HOMES.

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Re: BORN BANKRUPT

Post  Badboy on Mon 27 Aug - 15:55

PENSIONS COULD BE UNAFFORDABLE FOR TAXPAYERS IN THE FUTURE.
YOUNG PEOPLE MIGHT BE UNABLE TO FUND PENSIONS.
EVEN IF THERE WAS A GROWTH SPURT TOMORROW,GOVERNMENT BORROWING WILL STILL INCREASE MASSIVELY.

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Re: BORN BANKRUPT

Post  tigger on Mon 27 Aug - 17:11

Is it in 'Zeitgeist' right at the beginning that it is explained that the US was bankrupt in the twenties and never got out of it. That the gold standard was dropped and from that moment on consumers were the currency?
That feminism was encouraged and women were given jobs because they would then be paying tax? That the extended family was discouraged and the 'nuclear family' was invented, a concept which sold more fridges and more of everything where before such luxuries were shared?
Badboy we are the money and we have to keep consuming to keep the economy afloat. Me, I'm a minimalist but still spend every penny I have each month.

This is a very good video: http://video.google.com/videoplay?docid=5420753830426590918&q=Historic+Aaron+Russo

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Re: BORN BANKRUPT

Post  AnnaEsse on Mon 27 Aug - 18:03

I'm thinking about taking all of my wages out as soon as paid in and keeping cash at home before the global economic collapse!

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Re: BORN BANKRUPT

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