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How will pharmacy be affected by the upcoming depression?
Started by jackal head
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Affected like every other profession but maybe less than some industry/service related ones.
Why don't you ask this question in the Pharmacy forum, you'll probably get really good replies there!
And since you're obviously "in the know" about this upcoming depression, care to direct me to a place where I can "read all about it"?
Why don't you ask this question in the Pharmacy forum, you'll probably get really good replies there!
And since you're obviously "in the know" about this upcoming depression, care to direct me to a place where I can "read all about it"?
Wow....
Now that my sides have stopped hurting, three points
1) If you are not aware that the economy has been down, please come and visit me at my place of residence. I have a 2x4 with you name on it that I would like to meet
2) We are not even close to meeting the requirements of a "depression". Yall are just too damned paranoid about this
Now that my sides have stopped hurting, three points
1) If you are not aware that the economy has been down, please come and visit me at my place of residence. I have a 2x4 with you name on it that I would like to meet
2) We are not even close to meeting the requirements of a "depression". Yall are just too damned paranoid about this
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this video is a nice summary
http://www.youtube.com/watch?v=m1VbGcaVvFM&feature=player_embedded
some recent info
http://theeconomiccollapseblog.com/...ent-of-u-s-treasury-securities-issued-in-2009
basically we are only delaying an inevitable collapse making it that much worse when it happens
Oh and if a mod could move this to the pharmacy forum, I would be eternally grateful
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the minute he mentioned glen beck i lost all interest
btw who the heck is this guy? his name doesn't ring a bell @ all
the sky is falling the sky is falling
Well, glad my wife has family in Germany and we speak the language!
I could be OK with owning a konditorei in Frankfurt.
I could be OK with owning a konditorei in Frankfurt.
I seriously opened this thread fully expecting a troll... ::sigh::
sorry brah but I guess the holes in your net were too big for the fish contained in this thread
wut
Moved to the Pharmacy forums for more reliable feedback.
Interestingly, his graphs show that the federal government debt hit 10 trillion dollars somewhere in the late 80s, yet we only recently hit 10 trillion dollars of debt in the last 2-3 years. Our debt is approximately 70% of our GDP, which is nothing compared to most developed nations, and those nations don't even have a currency that is traded worldwide and used to price just about everything and anything worth purchasing. So either he is using some other debt that I don't know of, or he's adding up the debt of every American citizen and company (highly misleading). Its all fine though, find numbers that make your theory work.
You don't need to worry your little head, the dollar won't be collapsing anytime soon. I won't even address the rest of his statements about closing banks, credit = darth vader, and intentional depressions or other nonsense.
You don't need to worry your little head, the dollar won't be collapsing anytime soon. I won't even address the rest of his statements about closing banks, credit = darth vader, and intentional depressions or other nonsense.
We are just in a cool down period. There are still tons of foreclosures on the market, tons being held by banks, and there will be many more coming on the market when the next wave of adjustable rates reset. Unless the government bails out these bad loans with low rate refinancing, they will be unaffordable and people will be foreclosing summer 2010. This isn't over, and will not be over until the reason the recession began, corrupt mortagage lending, over-inflated appraisals, unethical underwriting, is fixed. There are still way too many bad loans out there, millions of them. There are also ~25% of mortgages underwater with negative equity, some so bad that any recovery in equity will not happen for 10-20 years under the standard wage increase/home price increase model.
Let's not forget the commercial real estate bubble and the artificial economy prop-up by the gov't through bailouts. I remember reading articles a few years ago about the bubble that recently popped, and people were always in denial until it popped.
2012 looks like a good year.
Its all connected. The real estate bubble is what started the recession, caused many banks to fail, created an artificial credit splurge funded through home equity loans based on inflated appraisals, overdevelpement across the globe on both the residential and commercial sides.
The collapse of the sub-prime market is chump change compared to the possible collapse of the commercial real estate market. The commercial market is much bigger and more highly leveraged.
The increasing unemployment rate (U-6) means people will be spending less, thus fueling the layoff cycle. Can Americans who are losing their jobs, watching their salaries and hours get cut, really spend their way out of a recession?
The increasing unemployment rate (U-6) means people will be spending less, thus fueling the layoff cycle. Can Americans who are losing their jobs, watching their salaries and hours get cut, really spend their way out of a recession?
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The ways things are headed it is likely the commercial market will take a **** too.
The League of Shadows has been a check against human corruption for thousands of years. We sacked Rome. Loaded trade ships with plague rats. Burned London to the ground. Every time a civilization reaches the pinnacle of its decadence we return to restore the balance.
I dont think you realize how hell-bent this administration is at kicking the can down the road. They can mask this economy for years to come.
epic
Pharmacy will be hit the hardest. Find a new profession.
We's enterin' a depression!!! Ron paul sez so!!1!!
ron paul REVOLUTION
seriously...i discredited this guy the very first day because everywhere i looked, there was some hippy looking guy holding a hand made "RON PAUL REVOLUTION" sign. Talk about bringing down the brand...for the longest time, I thought ron paul looked like jerry garcia and smoked a lot of pot.
seriously...i discredited this guy the very first day because everywhere i looked, there was some hippy looking guy holding a hand made "RON PAUL REVOLUTION" sign. Talk about bringing down the brand...for the longest time, I thought ron paul looked like jerry garcia and smoked a lot of pot.
How can you discredit someone based on a single follower or appearance?
Whether you agree with Ron or not you have to admit that he is definitely the most principled politician in Washington today. Just look at his voting record:
Never voted to raise taxes
Never voted for an unbalanced budget
Never voted to raise congressional pay
Never taken a government paid junket
Never voted to increase the power of the executive branch
Always votes against regulating the internet
The list goes on
Whether you agree with Ron or not you have to admit that he is definitely the most principled politician in Washington today. Just look at his voting record:
Never voted to raise taxes
Never voted for an unbalanced budget
Never voted to raise congressional pay
Never taken a government paid junket
Never voted to increase the power of the executive branch
Always votes against regulating the internet
The list goes on
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not single, multiple followers and strange graffiti signs.
but yeah after i researched the guy, i liked him...i'm just commenting on the campaigners.
Yeah...but all his voting record tells me is that he:
Is probably ****ing insane
Has a large cohort of easily influenced pseudolibertarians following him
Follows an economic ideology that is simplistic and intellectually immature
Is probably a homophobe
Never voted to raise taxes is a negative...again, a relic of a person that holds to strictly onto a political ideology rather than confronting the reality in front of him...
Ron Paul is just another politician...just one that has cleverly carved a niche into the libertarian radical fringe...sells hims tons of books that way, I suppose...but just like any other politician, he's a ****ing idiot...
If the US enters a depression, it would have more to do with the fact that his economic ideology got waaaaay too much play back in the 80s when Reagan was around than his psychotic ramblings about how some shady international group is secretly pulling the strings at the Federal Reserve in an effort to...KILL US ALL!
We take microeconomics (or macroeconomics) and we are suddenly economists. 😀
Confronting what reality?
You just said yourself that "he is an idiot, just like every other politician". The Libertarian philosophy is based on the idea that politicians can't be trusted due to human nature, and individuals should be left to govern themselves, and that the main role of the government is to protect it's citizen.
Over simplistic? Fair. Immature? I beg to differ.
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It is. Just like the philosophies of Ayn Rand and others it has spawned. It's pie in the sky bull**** that doens't work out in practice. People love the idea of anarcho-libertarianism until they actually go check out Somalia and see what it looks like. Those with wealth control those without wealth like virtual slaves and they use economic leverage to get whatever they want. The reality is that a balance is needed to minimize the stratification of wealth, and, thus, power. But it's hard to find people that are radical about mixed economies...I guess...kinda hard to write sensationalized and pretentious "philosophy" works about something so boring and logical...
We need gov't...it just needs held in check...just like capitalists need held in check...it's all about balance...and Paul's dumb ass will have us all as economic slaves within 20 years...
It's amazing how smart people can be so dumb. Libertarians would like to stake out their fortress in the hinterlands and pay the absolute minimum taxes so the government would pave their private highway. All the benefits of a modern society with none of the responsibilities.
Capitalism works. Since the Industrial Revolution, there has been unimaginable progress. Communism...failed, Socialism...failed, National Socialism...utterly failed, Ron Paul anarcho-libertarianism...give me a break. As much as I like the Road Warrior, I sure as hell don't want to reenact it in my backyard. Capitalism has problems, but they amount to a drop in the ocean compared to these alternatives.
Take a look around you. See all of those good things? You can thank capitalism. As long as we don't become subservient to corporations, it will remain the most successful economic theory.
Actually, National Socialism seemed to have been working pretty good. We might have been better off as allies of the Nazis and Imperial Japan.
It makes me chuckle when certain individuals of the Democratic Party say that socialism works and they point to countries like Spain. With 300 million+ people in the US, I doubt a system similar to Spain's or even Canada's health system is going to work.
Yes, capitalism works, but we need to keep it in check.
Yes, capitalism works, but we need to keep it in check.
You are a raving idiot.
Seriously. Mods, how has this guy not been banned for comments like this?
Yes, capitalism works AND we need as little government inolvement as possible! anything socialistic sucks (hence, why I hate welfare, national healthcare, social security,etc.)! Complete capitalism and competition is the way to go! 👍 There is something about competition makes me excited! lol...Life would be sooooo boring and POINTLESS if there were little competition.
"Capitalism" as an economic theory is an utter failure (as in that whole "one dude owns the means of all production and everyone else is his subservient worker" thing). At least as much of one as "socialism." Only when its held tightly in check does "it" work. For me, the entire idea of classifying the world economy using such blanket words is dishonest at best. The US is easily just as "socialist" as it is "capitalist." It's organic and dynamic. Treating it like some sort of manifestation of an economic ideology is just silly. For every Soviet bread line, I'll offer you an Enron and a Somalia (the only truly anarcho-libertarian economy on the planet...and an utter failure...) The only thing history has shown is that highly mixed economies are the only things that work and certainly NOT some sort of capitalism in a vacuum. The problem is trying to act like an economy needs to act in some fantastical, ideal way. Extremes just need to be avoided...and the willingness to change up based upon conditions needs to be observed.
And that's something nobody in the major US politics is really saying right now...which perplexes me...all I hear, read, and see is people trying to fit things into the confines of an ideology. Any time someone tells be they are a socialist or a libertarian or an anything, I have less hope for humanity and a part of me dies inside...people and their stupid cohorts...
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Capitalism isn't just one dude owning all the means of production. It's about having no government control and letting everyone have the FREEDOM to compete for resources and goods. That's how new ideas become available and how things get invented. People are motivated to do their best b/c they are not controled and put under a salary cap by the government. "everyone else is his subservient worker"...well YOU choose your life situation. If you work hard and come up with ideas of your own you won't be an subservient worker. You can be the dude that owns all means if you work hard/smart for it. 😉
If someone believes that the US follows pure capitalism, or wants to qualify themselves as libertarian, socialist, or pescetarian, then they are naive. However, it is primarily capitalist, and the fact that we don't engage in pure capitalism is why we're successful. You don't have to be subservient to anyone. Start your own business. Random jackasses do it everyday and that's a great thing.
Capitalism is successful because it can be held in check. It's adaptable, malleable, and the idea is not to allow one person or group control all of the capital. Of course the US isn't a purely capitalist economy and it doesn't need to be so to succeed. Hell, China integrated capitalism into its mostly communist government and produced a hybrid that's, at a cursory glance, not a total failure. It's still based mostly on communism, which is destined to fail. At least capitalism and democracy allow the proles to imagine they hold the power.
I disagree. Our country is a plutocracy. It has been for a few decades. Of course, the US economy is the most complex in the history of the world. Our "success" with "capitalism" was mostly seen AFTER we abandoned actual production-based capitalism in lieu of Nixon getting in bed with the Keynesians (not necessarily a bad thing) and then a decade later Reagan using his new fiat-currency toy to destroy American production, unions, etc and begin a fantastical new era of giant-ass trading deficits and a resultant service-based economy (what's probably causing all of our problems today in several round-about ways) that is slowly but surely destroying us all.
This is what I disagree with...maybe its just semantics...but I see ideologies and trying to adhere to them as sort of cancers. I say the economy just "is". And it becomes successful when we don't allow capitalists to mess it up...not the other way around.
I use the following graph:
(Stupid people getting their way <----> Good economy <----> Stupid people getting their way)
It's been 100& infallible thus far in my life. I
China has one of the weirdest economies in the world...and I'd consider it more of a bizarre right-winged fiefdom than anything else. Rather than being focused upon equal compensation and being a workers paradise (i.e. CCCP circa-1954), its more like some sort of fascism (i.e. Mussolini circa 1937). Corporatist-focused state would be a good description.
Mmmm...delicious facades...
In 150 years, of course, none of this will matter. Robots will do all of the work and the world economy will be highly socialistic out of necessity...
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Ron is absolutely not an "anarcho-libertarian", he is a moderate libertarian that mostly advocates smaller FEDERAL government power and more power to the states. Both the United States Constitution, aswell as most of our founding fathers agreed with such principles. Anarcho-capitalism is no differnet from anarchy really, it involves a system where even things like police and national defense are "privitized".
Capitalism is absolutely the most humane, bureaucracy free, prosperous economic system that has ever existed. (due to human nature, no economic system can ever be perfect)
Take a look at these figures:
http://www.heritage.org/Index/PDF/Index09_ExecSum.pdf
(Many may be surprised to find that the US is only the 6th most capitalist country in the world presently)
But anyways, I enjoy having honest discussions about politics but it seems like we have gone pretty far off topic from the OP, hah.
I can't say if a depression is coming or not, I definitely see the potential for a higher rate of inflation in the coming years, though.
Capitalism is absolutely the most humane, bureaucracy free, prosperous economic system that has ever existed. (due to human nature, no economic system can ever be perfect)
Take a look at these figures:
http://www.heritage.org/Index/PDF/Index09_ExecSum.pdf
(Many may be surprised to find that the US is only the 6th most capitalist country in the world presently)
But anyways, I enjoy having honest discussions about politics but it seems like we have gone pretty far off topic from the OP, hah.
I can't say if a depression is coming or not, I definitely see the potential for a higher rate of inflation in the coming years, though.
I agree with this. It is probably a plutocracy. It's true we were plodding along reasonably well post WWII with our factories churning out goods night and day. I don't disagree with your description of the economic explosion after the factories began to shut down. Yes, we are mired in economic quicksand, slowly sinking into our pathetic fate. Hey, at least we lead the arms trade, and the IP and patent side of things. Of course, that doesn't mean much when you transfer production anywhere but here.
I despise ideologies, in general. I use broad terms to describe a complex topic. The economy just is, I have no problem with that. I don't need to categorize everything.
China is fascinating. This is a good example of both adhering to and then not strictly adhering to ideologies. Mao was an ideologue. The country was a total wreck until he died. After he died, the government realized the worker's paradise is a pipe dream and then brought in some capitalist ideas to perk up their economy. Holy **** has that worked! All of this while still retaining a tight control over the one billion plus population. Vietnam, the Cold War, who gives a **** when there's money to be made.
Ah, the post-scarcity world economy, that should be fun. The question is will these robots be benevolent or tyrants?
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