A dose of economics
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  1. #1
    Retired DJTT Moderator DvlsAdvct's Avatar
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    Default A dose of economics

    Hey guys

    Not sure how many of you have followed, or are interested in, the current US (and global) economic crash.

    But this article gives a really simple and elegant description of what got us here.

    It's the FAQ. Read it.

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  2. #2
    Tech Guru Kaon's Avatar
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    the david x.li's biggest mistake was the dumb assumption that humans are intelligent rational beings, rather than greedy, manipulative, powerhungry tyrants.
    sad thing is its youre average citizen who will suffer the most, and not the people who actually owe $11 trillion, who's lives will go on as normal, with there powerboats and nuclear tipped laser bees
    Quote Originally Posted by dripstep View Post
    Kaon, none of that has to do with drum and bass.

  3. #3
    DJTT Dominator JesC's Avatar
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    I think they forgot to add a dash of Murphy Law to Mr Li formula.
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  4. #4
    Tech Mentor kidfromkibbly's Avatar
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    You should see the state of the economic and political situation here in Ireland. For years the government, banks and property developers were giving each other backhanders so that they could all earn as much money as possible. Now with the banks and property market in crisis, the government are taxing the hell out of citizens to try and bail all their buddies out!

    Our policeforce today had a demonstration against the latest tax called the 'pension levy' which is costing civil servants thousands in terms of their pension funds.
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  5. #5
    DJTT Dominator JesC's Avatar
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    Damn thats not good Kid, you would trip out that alot of Citys in California are filing for bankruptcy. You should look into a city called Vallego, its said to be the 1st urban ghost town on the west coast.
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  6. #6
    Dr. Bento BentoSan's Avatar
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    I think that article partly covers what got us here in the first place but its far from the whole story behind the crash - its really such a complicated issue and admitedly its hard to explain the entire thing in an article that size.

    Certainly does make some points that are quite true though.

  7. #7
    Tech Mentor kidfromkibbly's Avatar
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    Ha, Ireland is gonna have plenty of semi-ghost towns where massives housing estates have been built in satellite towns but now no one is buyin' them due to the market crash.

    The problem in Ireland is that the two biggest political parties have the exact same political philosophies. Neither of them lean to the left or the right. The political divide exists only because of their historical rivalry here, which they continue to allow rule the political decisions of modern Ireland.

    There's a whole lot of anger in this country right now!
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  8. #8
    Tech Guru Kaon's Avatar
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    the money system is shit anyway, lets go back to gold
    Quote Originally Posted by dripstep View Post
    Kaon, none of that has to do with drum and bass.

  9. #9
    Tech Mentor kidfromkibbly's Avatar
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    Or set up our own DJTT socialist paradise on a tropical island!

    Didn't really work for Cuba, but we got the love of music holding it together!
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  10. #10
    Retired DJTT Moderator DvlsAdvct's Avatar
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    It's not the whole story, but I thought it was an interesting look at what really brought us here, when you boil it all down to a literal event.

    Doesn't excuse the people who fucked us, though. And boy did they fuck us.
    It's the FAQ. Read it.

    My Mixes, Mashups and Rants

    Divided we stand
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