We should have taken care of basic human needs, by taking them out of profit markets. But we haven't, and so supermarket shelves will be as empty as electronics stores, though both serve entirely different needs and demands. Governments, meanwhile, use what money they can get to prop up an insolvent financial system, whereas their prime concern should be to feed and clothe their citizens, and make sure they have shelter and clean water. If you know of a government that is looking at these issues today, I’d like to know about it.
from the automatic earth .
But then there are people who believe the absolute godly math is more accurate then human peception like this person who is buying stock because they are nice and cheap now. Its by the way the same computer models that just six month ago predicted that we are over the worse spurring a lot of media articles that all will be well and fine. Meanwhile the US has seen the biggest job loss since the great depression and the S&P stock market return on investment is in its lowest category - at a point where it only was once before - yes you guessed right - in the years of the great depression.
The real math says there can not be indefinite growth there are no indefinite resources on this planet - and the only path to our survival as a whole is to reduce our consumption not increase it - you know back down to earth lifestyles where its about survival and advancement of knowledge - not how to make the quickest buck the easiest way with doing the least amount of productive work.
Banking and investing as we've known it won't be back for at least decades. The upcoming round of bank failures, which will leave very few, if any, standing, cannot be prevented. A lot of the suffering among ordinary people can, if only through using the current bail-out funds to make sure every American and European can get at least their basic needs fulfilled . But no politician anywhere is even looking at this reality, and the citizenry has been kept in the dark. It makes the implosion of entire societies an easily predictable fact.
More automatic earth goodness - Its very relieving that there are sane people out there - makes yourself not feel to insane. What we are seeing at the moment are the headlights breaking in slow motion as the 1000km/h dragster that is the kapitalistic system runs into the solid block of concrete that is our earth resources.