Hmeyers says:

There is no financial crisis, because dollars are an imaginary currency (i.e. not the gold standard).

It is a labor crisis.

Specifically, no business wants to build production in the USA.

No production = no jobs = no wages to tax = financial crisis as symptom.

Treat the disease, not the symptom fools!

Zybch says:

God bless Terry Gilliam.
Now one of the DU editors just needs to find some good clips from one of his other movies, Brazil. It sure looks like its an accurate depiction of where we’ll be in another couple of years.

amodedoma says:

Ah yes, the short feature presentation before that great Monty Python classic, the Meaning of Life. Curious, they should choose a skit about these old coots. Obviously it’s a commentary about basic human nature. We all need to survive, but we all have ambitious dreams, and while ambition will get you far – it can also take you over the edge of the world.

it’s fun to charter an accountant
and sail the wide accountancy,
to find, explore the funds offshore
and skirt the shoals of bankruptcy!
It can be manly in insurance.
we’ll up your premium semi-annually.
it’s all tax deductible.
we’re fairly incorruptible,
we’re sailing on the wide accountancy!

Indeed, it’s about time we took the term ‘piracy’ out of Computing and put it where it belongs – in Accounting.

Phydeau says:

Spelling flame alert: seeds are sown, not sewn…

amodedoma says:

#9 GHF

There’s always room for top quality products. The US, should it wish to recover past glories, would need only to produce top quality products, and high tech. I’d pay 10x the price for household appliances that last at least 10 years, for example. Something that used to be status quo for US manufacturers before planned obsolescence. The first truly efficient and effective electric car should’ve been american and the battery technology too. Of course you can’t compete with some third world countries when it comes to manufacturing on the cheap. But I sincerely believe that there’s no need to. Unfortunately it’s the business model that’s at the heart of it – quick returns and minimal risks. That, and the foolish idea that money invested in and administered by the government is all wasted. Who can you trust? Nobody, but mistrusting the public sector more than the private, now that’s just plain stupid.