World economy - bankruptocracy
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Joseph27
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World economy - bankruptocracy
I heard this term the other day - 'bankruptocracy'. - bascially with most of the worlds economies racking up massive levels of debt in aging economies with diminishing workforces, there is really no happy way out and really no way to pay back the debts. How do you really plan for the next 10 to 20 years to acquire wealth and plan for an uncertain future?
"truth is a group of metaphors, metonyms, and anthropomorphisms; a sum of human relation which is poetically and rhetorically intensified, metamorphosed and adored so that after a long time it is then codified in the binding canon."
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Fat Bob
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Re: World economy - bankruptocracy
Eventually the first world will become the third world. Or maybe they won't. Or they'll be another 70 years plus of oppression of states like Singapore who treat the underclass foreigners like potatoes and only use them for vodka.
"Remember that you are an Englishman, and have consequently won first prize in the lottery of life" ...Cecil Rhodes.
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