Julian Cope presents Head Heritage | U-Know! Forum | Teetering on the brink of the new Depression

IanB

6761 posts

Edited Sep 18, 2008, 13:29

Re: Teetering on the brink of the new Depression

Sep 18, 2008, 13:28

There was just a news story on the BBC that those responsible for education here are hoping to tempt ex-bankers into teaching.

Is that really what we want our kids to learn? Hubris, greed and an unerring ability to dodge personal repsonsiblity for ones own errors of judgement!

The difference between 2009 and 1929 is going to be the fact that they can now anticipate the avalanche and where and when it will fall so a certain amount of mitigation comes into play that was impossible 80, even 30 years ago. Which is why we are seeing the current moves in the banking realm.

Also social unrest might be good for property speculation but it is not so good for consumerism. I suspect that as with our wars the distant poor will pay the heaviest price and then our own working class. The western middle classes will pay the heaviest price in terms of total $$$ but not the heaviest propotional to their personal wealth. If you follow me.

In reply to:
Teetering on the brink of the new Depression (handofdave)

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Re: Teetering on the brink of the new Depression (handofdave)
Re: Teetering on the brink of the new Depression (shanshee_allures)

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