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Reply #37: Economists are mostly fantasy based thinkers [View All]

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undergroundpanther Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Mar-02-09 01:13 PM
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37. Economists are mostly fantasy based thinkers
They do not tally in their "projections" of "growth the REAL costs of their over done ambitions.
First of all they don't add in the cost of robbing human happiness,they don't add in environmental damage,they don't factor in the real costs..because fiat money is not really wealth it is largely symbolic 'wealth'worth something because we BELIEVE it is worth something..That IS what "consumer confidence" means.

We as a country have been snookered by the snakes in suits.Painting rosy pictures we wanted to hear and believe as if it was truth.

And the shock doctrine will sweep us down the drain."De-modernizing us"

Here we have now, the greedy devouring it's own as Karl Marks said..

"Capitalism has only existed for the last 200 years. It is a relatively recent phenomenon, which has now outlived its historical usefulness."

Capitalism and the pronoia...
John Perry Barlow defined pronoia as the suspicion the Universe is a conspiracy on your behalf. Here is how pronoia was exploited to create feudal systems.

The Pronoia surrounding capitalism has been very costly,to US,and we STILL deny it.It has cost US, not those ever so fucking blindly optimistic over-wealthy,manipulating,powerful,heartless con men.Fantasy based beliefs on issues that concern life or death,are dangerous to our collective survival,dangerous as any psychopath or fascist regime..
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  -Beginning Now: The Panic Phase of the Collapse (Please read) Pale Blue Dot  Mar-02-09 12:20 PM   #0 
  - Rude Awakening - 4800  seemslikeadream   Mar-02-09 12:23 PM   #1 
  - I had been saying 5500 - 5750 but that may have been generous  Gman   Mar-02-09 12:31 PM   #9 
  - It may be worse than that, SLAD.  Subdivisions   Mar-03-09 07:23 AM   #57 
     - Have you ever compared  conscious evolution   Mar-03-09 07:50 AM   #62 
        - No, I haven't. Since you have, please share. n/t  Subdivisions   Mar-03-09 07:51 AM   #63 
           - I wish I could locate the graphic  conscious evolution   Mar-03-09 08:37 AM   #65 
  - a word of caution  luvspeas   Mar-02-09 12:23 PM   #2 
  - Fair enough.  Pale Blue Dot   Mar-02-09 12:26 PM   #4 
     - I just find it suspicious  luvspeas   Mar-02-09 12:29 PM   #5 
     - I agree with that, but what frustrates me  Pale Blue Dot   Mar-02-09 12:33 PM   #11 
     - the great depression lasted 12-15 years...we've only just begun  luvspeas   Mar-02-09 12:48 PM   #20 
     - There's also no real way to know what will work  Warpy   Mar-02-09 01:01 PM   #34 
        - Anyone with a brain  femrap   Mar-02-09 09:57 PM   #48 
           - I lived in a Mc Mansion once, thankfully, I only rented it for a while  Grinchie   Mar-03-09 02:51 AM   #54 
              - I rented a big house for one year....  femrap   Mar-03-09 05:39 PM   #68 
     - YOU ARE SO RIGHT! Back shortly before this crisis began, people  Subdivisions   Mar-03-09 07:31 AM   #59 
     - you can .. by short selling.  TheCoxwain   Mar-02-09 12:50 PM   #25 
     - hmm during the depression it lost 70%  nadinbrzezinski   Mar-03-09 01:16 AM   #52 
     - You can have ALL the facts right and STILL not have a freakin' clue  Common Sense Party   Mar-03-09 05:46 PM   #69 
  - Wow, all that and not one mention of peak oil and oil price volatility that probably caused  Bread and Circus   Mar-02-09 12:23 PM   #3 
  - Peak Oil may have been a factor  DemReadingDU   Mar-02-09 12:30 PM   #7 
  - debt is not a problem as long as you can make the payments, at an individual and at  Bread and Circus   Mar-02-09 12:43 PM   #15 
     - I strongly urge you to watch Chris Martenson's Crash Course.  Pale Blue Dot   Mar-02-09 12:47 PM   #19 
     - I don't underestimate problems caused by debt, it's part of the perfect storm.  Bread and Circus   Mar-02-09 12:51 PM   #26 
     - no, the runup to the crisis was balloon payments  northernlights   Mar-02-09 01:02 PM   #35 
     - It just doesn't stand to reason that the entire world economy has come to a grinding halt because  Bread and Circus   Mar-02-09 02:57 PM   #44 
        - credit-default swaps have nothing to do with peak oil.  dysfunctional press   Mar-03-09 02:10 AM   #53 
     - BINGO! I can't tell you how many time I've tried to explain this on DU. I was  Subdivisions   Mar-03-09 07:46 AM   #61 
  - yep  cliffordu   Mar-02-09 12:31 PM   #8 
  - doubtful.  dysfunctional press   Mar-02-09 10:01 PM   #49 
  - you might be right. we'll see.  Bread and Circus   Mar-03-09 01:09 AM   #51 
  - MAN! I am so glad to see someone say this! You mention oil around  Subdivisions   Mar-03-09 07:43 AM   #60 
  - All well and good, but . . .  PetrusMonsFormicarum   Mar-02-09 12:30 PM   #6 
  - If what the administration is trying to do is in direct conflict with reality,  Pale Blue Dot   Mar-02-09 12:34 PM   #12 
  - FUBAR seems an appropriate description of the economy.  Tierra_y_Libertad   Mar-02-09 12:32 PM   #10 
  - This is a peephole into the investors-eye view of the economy.  TygrBright   Mar-02-09 12:35 PM   #13 
  - They were right, but "brought to you by...?" read the fine print  DFW   Mar-02-09 12:35 PM   #14 
  - Try Roubini's RGE Monitor site.  Dr.Phool   Mar-02-09 01:46 PM   #41 
  - Trying to create panic  Astrad   Mar-02-09 12:45 PM   #16 
  - I'M EFFING AWAKE!!  Are_grits_groceries   Mar-03-09 07:28 AM   #58 
  - I think "Rude Awakening #3" is demonstrably false.  The Stranger   Mar-02-09 12:45 PM   #17 
  - Please refer to my post #19. nt  Pale Blue Dot   Mar-02-09 12:49 PM   #22 
     - Why don't you instead articulate what it is you want to say?  The Stranger   Mar-02-09 12:54 PM   #30 
  - i`m getting tired of these "the sky is falling" experts.....  madrchsod   Mar-02-09 12:46 PM   #18 
  - But where is it WRONG?  Pale Blue Dot   Mar-02-09 12:48 PM   #21 
  - Perhaps, this would be a good time  Turbineguy   Mar-02-09 12:49 PM   #23 
  - Once again, I understand attacking the messenger.  Pale Blue Dot   Mar-02-09 12:52 PM   #27 
     - So sorry, did not mean to attack the messenger  Turbineguy   Mar-02-09 01:02 PM   #36 
  - "Weak hands"? Empowering those weak hands may yet surprise some forecasters.  Waiting For Everyman   Mar-02-09 12:49 PM   #24 
  - Oh, goodie!  Le Taz Hot   Mar-02-09 12:53 PM   #28 
  - How is not facing reality helping anyone?  Pale Blue Dot   Mar-02-09 01:00 PM   #32 
     - Telling people to Sell! Sell! Sell! when the market has already tanked this significantly...  Warren DeMontague   Mar-02-09 01:19 PM   #40 
  - Stimulus plus government nationalization of the zombie banks  mmonk   Mar-02-09 12:54 PM   #29 
  - This person opposes Obama's stimulus plan on conservative grounds:  pnwmom   Mar-02-09 12:59 PM   #31 
  - Once again, where is he wrong? nt  Pale Blue Dot   Mar-02-09 01:01 PM   #33 
     - He is completely wrong, according to Krugman, the Nobel-winning  pnwmom   Mar-02-09 01:13 PM   #38 
     - How about "A dangerous diversion of precious capital from strong hands to weak hands.", for starts?  Warren DeMontague   Mar-02-09 01:59 PM   #42 
  - Economists are mostly fantasy based thinkers  undergroundpanther   Mar-02-09 01:13 PM   #37 
  - WUR DOOOOOMED!!!!!!!!!!!!!!!!! DOOOOOOOOMED!!!! DOOOOOOOOOMED!!!!  Warren DeMontague   Mar-02-09 01:18 PM   #39 
  - ...  Viva_La_Revolution   Mar-03-09 11:05 AM   #67 
  - Awesome pic!!  Thickasabrick   Mar-03-09 05:52 PM   #71 
  - LOL.....good response.  Thickasabrick   Mar-03-09 05:51 PM   #70 
  - More Right-Wing "Obama's spending is part of the problem" BS.  Odin2005   Mar-02-09 02:55 PM   #43 
  - This is wrong in many ways (detail inside)  anigbrowl   Mar-02-09 03:34 PM   #45 
  - Why do posters on DU continue to conflate Dow with the economy?  nbsmom   Mar-03-09 06:46 PM   #75 
  - I trust Obama, the time to buy is right now!  B Calm   Mar-02-09 03:48 PM   #46 
  - Well then, you do that.  Pale Blue Dot   Mar-02-09 03:57 PM   #47 
  - Thanks!  B Calm   Mar-03-09 06:29 AM   #55 
  - I'm looking into bonds and taking advantage of my student status...  Deja Q   Mar-03-09 06:00 PM   #74 
  - FWIW...  slipslidingaway   Mar-02-09 11:52 PM   #50 
  - Kick and nom. Many on this site are still not in tune with the Reality and size of the whole  sarcasmo   Mar-03-09 07:19 AM   #56 
  - I believe in the United States of America and the the working class  B Calm   Mar-03-09 07:57 AM   #64 
  - I'm with you!  Deja Q   Mar-03-09 05:59 PM   #73 
  - Well, some of us want to be optimists instead of sniveling wanky pessimistic doom'n'gloomers.  Deja Q   Mar-03-09 05:58 PM   #72 
  - Savings were up last month, as was spending. We're re-capitalizing the banks, fast.  jazzjunkysue   Mar-03-09 08:40 AM   #66 
  - what gets me is the interest rates-  KakistocracyHater   Mar-03-09 06:59 PM   #76 

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