Only one man can fix this economy
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01-03-2012, 04:38 AM (This post was last modified: 01-03-2012 04:42 AM by mysticjbyrd.)
RE: Only one man can fix this economy
(29-02-2012 10:15 PM)satan69 Wrote:  the major demise started when we went off the gold standard in 1971 and the federal reserve .we started the income tax in 1913. there is a wider gap between rich and poor because of inflation. you could buy a car for 3k back then and its now 18k. the value of your money has been going down. once the politicians could borrow and print as much as they wanted, when they knew there was no gold standard, we started a slow collapse. its now 40 years later and it's coming to an end. this economy WILL COLLAPSE in the next few years. this whole economy is built on a foundation of trillions of dollars of debt every year.take that away and we are done. they will borrow until the road ends.
you want to see jobs come back. get rid of the corporate tax and all payroll taxes. have a flat consumption tax of about 15% with credits for poor. cut spending to just defense and court system. the revs from the 15% should be enough to match the spending of a tiny government. close all depts.legalize drugs and end the drug war. you would see jobs return like it was the end of ww2. this country would BOOM!
btw, this post has been sponsored by www. There Aint a chance in HELL of this ever happening .com

also, whats amazing about you idiots that complain about rich people. i have never been given a job by a poor person. you hate bill gates. he has created millions of jobs and tons of wealthy people in this country. rich people create the jobs idiots. trickle down economics doesnt work because its corrupt. chrysler goes bk in the 80's. we bail them out. they realize they dont have to provide a good product because the government will bail them out. they go bk again 20 years later. long term capital management; a hedge fund that goes broke in 1998. they get bailed out by the government because of their connections. banks realize they will get bailed out no matter what risks they take. true free market economics works, and is the best system that is available other than jesus waiving his magic wand. your telling me my life is better off because AIG and Goldman Sachs didnt go bk. hank paulsun was the ceo of sachs and bailed out all his friends, and let lehman go bk because he didnt like them and were competiion from the old days. unions have destroyed the educational system. there should be a free market there. show me a place where the government and unions run it, and i will show you corruption and incompetence. show me a place with little government involvement and free market economics and i will show you gretaness: computer industry, lasik surgery,wal mart, cosmetic surgery... the list goes on..

Yup paradise,

You come to some very unusual conclusions that seem completely devoid of logic.
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01-03-2012, 08:19 AM
RE: Only one man can fix this economy
That was a funny video. here is a better one and real.
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01-03-2012, 08:59 AM
RE: Only one man can fix this economy
Satan69 thinks this is the ranting corner... Tongue

Economy is FUBAR. Nate is selling out (Tongue )- running his yacht business - but the site still has all the economic links. The whole morass is faith-based and cannot stand against global awareness. It used to be "just rape the third world," but they've been getting on youtube and peeps are starting to wake up. We got here through perpetual war - that shit gotta stop and a new paradigm developed or we're gonna be a monkeyless planet.

living word
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02-03-2012, 05:57 AM
RE: Only one man can fix this economy
(29-02-2012 08:22 PM)Starcrash Wrote:  Debt isn't as big a problem as fear-mongers make it out to be. For one thing, you understand that debt growth doesn't necessarily outpace inflation, right? And that was actually true for many years until 2008... our debt was shrinking in terms of its value compared to the value of a dollar, despite the total amount of national debt rising. Plus, like any bank (since that's what our debt actually is, loans with interest) it's actually a good idea to have people depending on your economic stability... it keeps borrowers working in your own interest. Those who fear China taking advantage of us don't understand that China has a lot more to lose if we default on our debt.

We don't want to get buried in debt, but we don't have to live in fear of it, either. There's no good reason to hit the "reset button" and crash the economy on purpose. What you're proposing is socialism (after an intentional economical collapse), and there are many more problems with that then there are possible good outcomes from it.
Yes, people don't understand debt. And the guy who wrote the article understands it least of them all. We might debate fine points of financial processes, but there is no point in it, because the whole system is fundamentally flawed. It is a very simple, yet fundamental idea and experts like Krugman don't see the forest because of the trees and lost all their common sense.
We used to avoid debt, because it must be paid back, it is a way to stop us from spending too much. We can imagine debt as a pain of the body. Pain is an useful function, it stops us when we're doing something that might harm us. The less pain, the better we feel.
Now imagine that someone invents the ultimate anesthetic that completely blocks all feelings of pain and allows you to do whatever you want. Handle fire, play Street Fighter in live, make a roast of your fingers...

It's not just the size of debt that is wrong, it's the very ability to create it endlessly, to postpone its payment ad infinitum and even to convert it to money by financial switcharoo. That means there is no brake on economy, nothing to limit the cycle of advertisement, production, spending and waste. The financial speculators think how clever they are to control money so expertly, but what they did was actually infiltration of government, misuse of government instruments, removing all common sense failsafes and taking the planet on a wild & crazy spending ride, while the rest of the world screams in terror.

The economy we live in is expansive. But we reached the limit to expand and now instead of doing the right thing, we still seek more ways to expand the economy at all costs. The economy can not be fixed, because it is not the kind of economy we need. We need a sustainable economy to survive. And that means a fundamental change of behavior. Otherwise Bethseda's last game of the Fallout series will be a Live Action Role Playing edition.
I know I am very radical in this, but I don't say anything you wouldn't already know. Only you maybe haven't thought of it that way - thanks to Hollywood it is easier for people to imagine end of the world, than the end of capitalism.
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