At the very least we can support ourselves in the UK if economic Armageddon comes along, we can simply make our own bread and house ourselves. We have been doing it for thousands of years
Places like Africa will be the countries to suffer when the rest of the world isn't supporting them, our money would be worthless and we can't bake everyone bread, our fields aren't big enough. We wouldn't be able to post them over doctors and teachers or soldiers, famine, war and something akin to ebola would wipe most o the continent's population out.
Forget immigration and terrorism because something bigger is coming... Watch
- 15-04-2016 20:13
(Original post by Rakas21)
- 15-04-2016 20:21
The Great Recession was caused by Hydraulic Keynesianism (the belief that infinite growth in the credit supply would lead to infinite GDP growth) more than anything else which prompted the speculative real estate bubbles. The banks, government and the consumer were all equally responsible for me.
Increasing the minimum wage only affects those at the bottom in any real way, overall real wage growth is still only about 2% which is not good enough.
I was under the impression that the the banks were (specifically in America) encouraged to provide those living on welfare an option to to get mortgages, then mortgaged debt was packed up and traded as currency between banks. When they realized these debt packets were essentially worthless the recession followed.
Is that even close to the truth?
- 15-04-2016 22:26
Forget terrorism and it wouldn't matter if there was an economic crisis because we'd all be dead.