Don Juan said:You said it all Texas Bill. This article blames it on the banking failure rather than where it belongs, namely: moronic,imbecile,blockhead,irresponsible,unreliable,irrational,idiotic,unscrupulous,inept,unfit,incapable, incompetent,air head, and corrupt to the bone Hippo Maldito. May your fridge never chill!
DCfred said:The sad and ironic thing is that Mejia saved the country's elite on the backs of the poor people. Think of this: when you run inflation to save deposits, the ones paying the greater price are the poor. Inflation is a tax on the poor, as they have no option but to spend whatever little money they have. The rich found ways to send their pesos out of the country. I hope the poor remember that the PRD, the "champions of the poor" basically finished them off. This crises will get much worst before it gets better. Severe adjustments are needed. The rich will have to fork-out a greater share of their wealth for the good of the country, and Fernandez will have to find a way to do it. Is about time that the elite in the Dominican Republic stop living its "financial fantasy," as if they were in Pacific Palisades, Ca. The Dominican Republic is a poor country, and is obscene that you have people carrying themselves out as if they were billionaires.
This crises will get much worst before it gets better.
Severe adjustments are needed.
Not trying to create controversy, but if the Dominican elite picks up its bag and moves to Bal Harbor, Florida, would that justify their high class lifestyles for you.Is about time that the elite in the Dominican Republic stop living its "financial fantasy," as if they were in Pacific Palisades, Ca.
Our planet is a poor planet and it is obscene that there are people carrying themselves as God's because they got such a huge piece of the money supply pie.The Dominican Republic is a poor country, and is obscene that you have people carrying themselves out as if they were billionaires.
Texas Bill said:Have you extrapolated what the value, in currency, is for the entire world?
Have you determined just how much wealth resides in the "richest" segment of the world's society?
We're not speaking of 'credit value', but of actual cash.
If ALL that cash were evenly distributed amoungst the world population, each person would receive in the neighborhood of $100.00. That surprise you??
Maybe my calculations are not exactly correct, but the point is this...
The leveling of the world's wealth, in cash, would be completely insignificant in the final analysis as a solution to world poverty. All it would do is place EVERYONE at the poverty level and wouldn't solve a blank thing.
BTW, it took Marx an entire book to say just what you did. Then Lenin took several more.