How should the economy be controlled world wide?

I dont know that much about economics but from what I understand it has alot of problems that should be fixed. We let people open two or more mortagages, people ignore inflation, and most of our finances are electronic and open to attack. whad needs to be done about this? what should be fixed? and can governments of the world fix it?

reply to post by paranormal78


It should not be under world wide control. The only way is for communities to have a selfsuffiecient economy to be able to get along when tshtf

When buying and selling are controlled by legislation, the first things to be bought and sold are legislators.

Well I am just coming off the high horse of the republican ideology of defending the capitalism and the free market. And that does not mean I am going towards the socialist mind of view either. I think we need a new paradigm of economics. There must be a better way of lving in this economic system.

The mentality of wanting the governments to fix the currency is why we are in the problem to begin with.

no money, no economy, no banks. no loans, no fed, no elites, no weapons, no war, no hunger = success.

my 2 cents. (catch the irony? lol)

Governments should not control the economy. There should no worldwide control of the economy. That leads to economic slavery.

Originally posted by Sinter Klaas
reply to post by paranormal78

 

It should not be under world wide control. The only way is for communities to have a selfsuffiecient economy to be able to get along when tshtf

Exactly never ever a worldwide control should exist. It refers to NWO which is a thing that many want to avoid from becoming a reality

reply to post by thruthseek3r


go back to tangible asset based economy such as gold standard of goods trading.

reply to post by thruthseek3r
I guess that makes sense thruthseek3r like I said I am new to economics but we can talk more about it. well i'm tired now. Going to get some rest. I might add more to this later.

currency should only be valuable for finite periods of time to avoid hoarding.

if you don't use it you lose it.

I go along with the people who are saying this begs the question. Less control means more freedom. Someone in control means they can manipulate and if they can do that, then sooner or later they will manipulate to their own advantage. I'm not quite to zero control, but I think it can adequately be shown that the more control exerted, the worse it gets.

Although I astonish myself for saying so, the FDIC has done a very good job of managing the multiple bank failures we've had these last few years. No one has lost a penny in deposits. Two banks in my county failed. This was not the fault of the Fed or the evil wall street bankers. It was local businesspeople who set up a bank to make loans to high risk customers, who bailed. Obama didn't do it. Bush didn't do it. The Rothchilds didn't do it. It was Joe Schmoo who owned the Chevy dealership who partnered with the local McDonalds king pin to start a "hometown bank" that did it. Yet both banks got sold to the right customers and it's only a few bank officvers who got fired, some of whom richly deserved it.

As much as possible control should be decentralized so that a problem with one does not escalate to be a problem for all.

I'm a strong believer in the barter systems. Everybodies got something, and everybody needs something. Simple direct trade. If have any type of currency let it be on gold, silver type basis.

Central control is a bad idea. Idea good for one area do not work for other areas. Local solutions to local problems. Even Washington trying to make decisions for all of America does not work. How much worse would one bureaucracy trying to make standard decisions for the whole world be?

OUNjahhryn hit the nail on the head and added a dash of irony to confound things a bit.
Think the elimination of "The Economy" as an outdated and useless concept best left in the dustbin of cultural evolution. OK, try it for real this time.

The big problem is that what we know as "human nature" must be overcome to eliminate the driving desire to amass wealth. In my first 15 years or so it became known that there were abundant resources for all the inhabitants of the earth (at the time). "Wisdom" spoke that all this wealth was poorly distributed and the slippery slope that follows is an emotional and societal conflict between economic and political ideologies spanning centuries. Mankind would need some kind of cosmic awakening event to begin to comprehend an existence not primarily engaged in acquisition and trade (for profit). How would mankind sooth the ego without constant comparison to others (criticism) that drives us to contest or compete for almost everything?

ganjoa

The world is becoming a global economy and oversight by the UN is the only way to try and maintain some integrity with it. At the moment the IMF and G20 are trying to stabilise the global economy with so many different ways to manage the economy going around. Personally I would like to see all bank accounts open and transparent. If some CEO cannot justify his $500 Million in bonus and has to hide it, he is just a common thief. With everybodies bank account open to review it will make it a lot harder to scam, steal, corrupt and lie your way through.

While money is basically about supply and demand, it is also about contributing and receiving from society. These only become secrets when there is an imbalance.

reply to post by Sinter Klaas
I wasn't saying the economy should be under world control Slinter Klaas. But that it has problems that need to be overlooked with wall street and the U.N. They might beable to fix preventable problems in the economy and how it should be properly mantained. That way it can be improved by responcible leaders if they exist out there.

reply to post by paranormal78


Wall Street is run by corrupt thugs, the UN is run by corrupt kleptocrats.

reply to post by SirMike
That seems to make sence asuming that those ledgistlaters know what they are doing. remember ledgistlaters are people and people can be stupid sometimes. That's why we are in a world wide resesion. People I know have lost their jobs because of it.

reply to post by sonofliberty1776I agree! thats why i and others think something needs to be done about the economy sonofliberty1776. Simply put we need a better economic system so people can keep their homes and jobs.