The bad smell hovering over the global economy

So it appears that the only way to keep the economic situation going is to print money and hope people spend it. People spend when they are optimistic about the future, when their income exceeds their expenses, and when they are not up to their necks in debt.

The fools at the top do not understand that the only way to create real growth is to reward the slaves (you and I) with more money, create real secure jobs where people are rewarded for their efforts. Prevent the 1% hording the wealth. Giving the money to the bank keep us all in debt, stimulate innovation, back people starting their own companies and allow the masses to share the money instead of the few.

Hurst well said. The trickle down economics thinking isn't working. Put the money directly into the hands of the folks that will spend it to boost the economy.

The fools do understand but a few are corrupt. Also the economic system needs reform itself.. this means most banks going under.. a publicly auditable system needs to be put in place and abolish all taxes..that will be a start.

Well said.

smells like too many people

Not sure "Trickle Down" wasn't just a con, 1st you have to make the Rich Uber Rich pre- the trickle , we seem to have got part one without part 2.... Tax Land, Not Productivity (Land owners have had an enormous tax free handout since 2008, time to take it all back !!)

oil saga, panama likes, gold back chines monetary system, sudies threat of US debit paper and assets sell off,
so what is coming. not much difficult to understand.

Tax policies in the US are insane. The fact is, the more people earn, the less they pay in taxes as a percentage of earnings. Yes, the rates for the top earners are higher, but the available deductions are much higher. A simple flat tax would fix the problem, but the very rich will never allow it. They would lose deductions that allow them to escape paying taxes at present.

Precisely, and it worked for Australia back in 2008. Rather than the money being given to the banks, it was given to the people.

8 years on and the global meltdown is nothing more than a distant memory for the Aussies - a blip.

The funniest thing of about doing things that way is that it IS a method of trickling down. It's just that the hourglass is flipped - eventually the money ends up in the banks to strengthen them, but not before reinforcing every other link in the chain first.

Seeing as most other countries didn't utilise the same simple strategy (that even I understand as basic Keynesian economics) it really does make me think of two possibilities, either: a) those old conspiracy theories about the Illuminati, Bilderberg, etc. etc. etc. were right all along, or b) in light of the recent Panama Papers leak, these idiots at the top really are as corrupt as we all feared.

So the first course of action is to get rid of them. Assuming you, as you read this, live in a country where you can vote then, as the masses, we need to start asking the right questions BEFORE we vote these people in, because it's now got to the point where certain leaders (and their cronies for that matter) are doing real damage to their own reluctant followers.

yes we should get rid of the fools first