The Truth About The Economoy
Wake Up already, will ya!
This topic is locked from further discussion.
I smell gang violence and uprisings.... and I live in canada, and thank's to the U.S.A, we will feel the shockwaves of this **** hole the U.S. dug the world into.Athene_Winsyeah! Blame America for all our problems!
Closed the video as soon as I saw the Ron Paul quote
yeah! Blame America for all our problems![QUOTE="Athene_Wins"]I smell gang violence and uprisings.... and I live in canada, and thank's to the U.S.A, we will feel the shockwaves of this **** hole the U.S. dug the world into.UnknownSniper65
Closed the video as soon as I saw the Ron Paul quote
Its not ALL americas fault, but a very large chunk of it.
I smell gang violence and uprisings.... and I live in canada, and thank's to the U.S.A, we will feel the shockwaves of this **** hole the U.S. dug the world into.Athene_WinsLol yep
Putting BS to dramatic music doesn't make it not BS. Yes we have an enormous economic crisis on our hands, but not spending is not the answer, that's how depressions happen.awsssyou CLEARLY have NO CLUE as to what you are talking about.
Putting BS to dramatic music doesn't make it not BS. Yes we have an enormous economic crisis on our hands, but not spending is not the answer, that's how depressions happen.awsssuh.... just.... no
Spending helps the economy as long as you can AFFORD what your buying.tell that to the federal government, its because of them were in this hole. its been in the making long before bush was ever born.
DONT SPEND MONEY YOU DON'T HAVE. simple.
Athene_Wins
Spending is out of control in this country, but that is not the sole reason the economy is going downhill. People are playing way to many video games, and that is taking away from charitable activities and public service. I blame video games for the worlds problems.surferdude17
good one :lol:
Spending is out of control in this country, but that is not the sole reason the economy is going downhill. People are playing way to many video games, and that is taking away from charitable activities and public service. I blame video games for the worlds problems.surferdude17and this makes no sense. Im not a big gamer, if anything gaming helps the economy. It creates wealth.
[QUOTE="Athene_Wins"]Spending helps the economy as long as you can AFFORD what your buying.tell that to the federal government, its because of them were in this hole. its been in the making long before bush was ever born. Isn't it because of Americas major financial institutions giving bad loans and then selling them to financial institutions around the world as good investments.
DONT SPEND MONEY YOU DON'T HAVE. simple.
UNHOLY_basic
[QUOTE="surferdude17"]Spending is out of control in this country, but that is not the sole reason the economy is going downhill. People are playing way to many video games, and that is taking away from charitable activities and public service. I blame video games for the worlds problems.UNHOLY_basicand this makes no sense. Im not a big gamer, if anything gaming helps the economy. It creates wealth. Looks like the MAN has got to you already. Thats what THEY want you to believe.
[QUOTE="UNHOLY_basic"][QUOTE="Athene_Wins"]Spending helps the economy as long as you can AFFORD what your buying.tell that to the federal government, its because of them were in this hole. its been in the making long before bush was ever born. Isn't it because of Americas major financial institutions giving bad loans and then selling them to financial institutions around the world as good investments. Partially, but its because of the federal reserve. Its a complicated situation, but if I were to put it in as few words as possible they create money that essentially has zero worth and banks use that money to give out more loans and in turn they royally screw themselves. If these banks had to operate within a true free market, they wouldnt be able to give out so many loans, because what they could give out would have a limit.
DONT SPEND MONEY YOU DON'T HAVE. simple.
jasperrussell
[QUOTE="surferdude17"]Spending is out of control in this country, but that is not the sole reason the economy is going downhill. People are playing way to many video games, and that is taking away from charitable activities and public service. I blame video games for the worlds problems.UNHOLY_basicand this makes no sense. Im not a big gamer, if anything gaming helps the economy. It creates wealth.
itll help the economy if you dont buy it with credit you cant afford.
and this makes no sense. Im not a big gamer, if anything gaming helps the economy. It creates wealth.[QUOTE="UNHOLY_basic"][QUOTE="surferdude17"]Spending is out of control in this country, but that is not the sole reason the economy is going downhill. People are playing way to many video games, and that is taking away from charitable activities and public service. I blame video games for the worlds problems.Athene_Wins
itll help the economy if you dont buy it with credit you cant afford.
it all starts with the banks, they wouldnt give people the opprotunity to live outside of their means if the banks werent living out side of their means in the first place. It seems like you have interest in economics, I think youll find this website interesting www.mises.org have fun.[QUOTE="Athene_Wins"][QUOTE="UNHOLY_basic"] and this makes no sense. Im not a big gamer, if anything gaming helps the economy. It creates wealth.UNHOLY_basic
itll help the economy if you dont buy it with credit you cant afford.
it all starts with the banks, they wouldnt give people the opprotunity to live outside of their means if the banks werent living out side of their means in the first place. It seems like you have interest in economics, I think youll find this website interesting www.mises.org have fun.Im not interested all that much, i just know that spending money you dont have is bad and that the U.S government and high rolling bankers put us in this mess, then the bankers even asked for a bailout right after they mess up!
[QUOTE="UNHOLY_basic"][QUOTE="Athene_Wins"]it all starts with the banks, they wouldnt give people the opprotunity to live outside of their means if the banks werent living out side of their means in the first place. It seems like you have interest in economics, I think youll find this website interesting www.mises.org have fun.itll help the economy if you dont buy it with credit you cant afford.
Athene_Wins
Im not interested all that much, i just know that spending money you dont have is bad and that the U.S government and high rolling bankers put us in this mess, then the bankers even asked for a bailout right after they mess up!
yep. merging corporations with the government is bad. Corporatism is merely another word for fascism. If we allowed capitalism to do its job, we wouldnt be in this mess. But we keep pushing buttons, and well you know what happens.[QUOTE="UNHOLY_basic"][QUOTE="Athene_Wins"]it all starts with the banks, they wouldnt give people the opprotunity to live outside of their means if the banks werent living out side of their means in the first place. It seems like you have interest in economics, I think youll find this website interesting www.mises.org have fun.itll help the economy if you dont buy it with credit you cant afford.
Athene_Wins
Im not interested all that much, i just know that spending money you dont have is bad and that the U.S government and high rolling bankers put us in this mess, then the bankers even asked for a bailout right after they mess up!
It is quite simple, Financial Companies gave loans to people who could not afford them. They gave them a adjustable-rate mortgage and guranteed them that will remain the same rate. But what happened was that rate shot up, and people could no longer make there mortage payments since interest rate went up. As a result, people defaulted on their loans, and the financial companies were stuck with the bill.The rest is history. The government gave them 700 billion dollars with no outline. Just three weeks ago the bailed out companies paid out dividends to stockholders. Are you kidding me? How about you use the money to pay your debts. not give the money to you're shareholders.
Yet the goverment continues to spend money when we are already trillions of dollars in debt. The financial companies started it, and the goverment finished it.
The end.
[QUOTE="Athene_Wins"][QUOTE="UNHOLY_basic"] it all starts with the banks, they wouldnt give people the opprotunity to live outside of their means if the banks werent living out side of their means in the first place. It seems like you have interest in economics, I think youll find this website interesting www.mises.org have fun.surferdude17
Im not interested all that much, i just know that spending money you dont have is bad and that the U.S government and high rolling bankers put us in this mess, then the bankers even asked for a bailout right after they mess up!
It is quite simple, Financial Companies gave loans to people who could not afford them. They gave them a adjustable-rate mortgage and guranteed them that will remain the same rate. But what happened was that rate shot up, and people could no longer make there mortage payments since interest rate went up. As a result, people defaulted on their loans, and the financial companies were stuck with the bill.The rest is history. The government gave them 700 billion dollars with no outline. Just three weeks ago the bailed out companies paid out dividends to stockholders. Are you kidding me? How about you use the money to pay your debts. not give the money to you're shareholders. The end.
What needs to happen is a switch from fiat money, to a hard asset standard. Anything of value can be represented by paper. But paper its self shouldnt have value that exceeds its self. Thats the essence of our economic woes. Its really terrible, because its not just the United States thats effected by this.Im not interested all that much, i just know that spending money you dont have is bad and that the U.S government and high rolling bankers put us in this mess, then the bankers even asked for a bailout right after they mess up!
It is quite simple, Financial Companies gave loans to people who could not afford them. They gave them a adjustable-rate mortgage and guranteed them that will remain the same rate. But what happened was that rate shot up, and people could no longer make there mortage payments since interest rate went up. As a result, people defaulted on their loans, and the financial companies were stuck with the bill.The rest is history. The government gave them 700 billion dollars with no outline. Just three weeks ago the bailed out companies paid out dividends to stockholders. Are you kidding me? How about you use the money to pay your debts. not give the money to you're shareholders. The end.
What needs to happen is a switch from fiat money, to a hard asset standard. Anything of value can be represented by paper. But paper its self shouldnt have value that exceeds its self. Thats the essence of our economic woes. Its really terrible, because its not just the United States thats effected by this. Thts exactly right. America no longer has its dollar backed by gold. In a sense, the dollar that is spent has no tangible object to it. It is just paper. The continued spending makes them problem much much worse.[QUOTE="UNHOLY_basic"][QUOTE="surferdude17"] It is quite simple, Financial Companies gave loans to people who could not afford them. They gave them a adjustable-rate mortgage and guranteed them that will remain the same rate. But what happened was that rate shot up, and people could no longer make there mortage payments since interest rate went up. As a result, people defaulted on their loans, and the financial companies were stuck with the bill.What needs to happen is a switch from fiat money, to a hard asset standard. Anything of value can be represented by paper. But paper its self shouldnt have value that exceeds its self. Thats the essence of our economic woes. Its really terrible, because its not just the United States thats effected by this. Thts exactly right. America no longer has its dollar backed by gold. In a sense, the dollar that is spent has no tangible object to it. It is just paper. The continued spending makes them problem much much worse. I think it was mises who said "only government can take two valuable commodities such as paper and ink, and put them together and somehow make them completely worthless" im paraphrasing there a bit, but ultimately it means the same thing.The rest is history. The government gave them 700 billion dollars with no outline. Just three weeks ago the bailed out companies paid out dividends to stockholders. Are you kidding me? How about you use the money to pay your debts. not give the money to you're shareholders. The end.
surferdude17
[QUOTE="surferdude17"][QUOTE="UNHOLY_basic"] What needs to happen is a switch from fiat money, to a hard asset standard. Anything of value can be represented by paper. But paper its self shouldnt have value that exceeds its self. Thats the essence of our economic woes. Its really terrible, because its not just the United States thats effected by this.UNHOLY_basicThts exactly right. America no longer has its dollar backed by gold. In a sense, the dollar that is spent has no tangible object to it. It is just paper. The continued spending makes them problem much much worse. I think it was mises who said "only government can take two valuable commodities such as paper and ink, and put them together and somehow make them completely worthless" im paraphrasing there a bit, but ultimately it means the same thing. That quote is spot on. The government loves to spend money they don't have. Instead they continue to print more money and flood the market with worthless currency. As a result, the dollar signifcantly weakens, and is worth nothing on a worldwide scale.
[QUOTE="UNHOLY_basic"][QUOTE="surferdude17"] Thts exactly right. America no longer has its dollar backed by gold. In a sense, the dollar that is spent has no tangible object to it. It is just paper. The continued spending makes them problem much much worse.surferdude17I think it was mises who said "only government can take two valuable commodities such as paper and ink, and put them together and somehow make them completely worthless" im paraphrasing there a bit, but ultimately it means the same thing. That quote is spot on. The government loves to spend money they don't have. Instead they continue to print more money and flood the market with worthless currency. As a result, the dollar signifcantly weakens, and is worth nothing on a worldwide scale. we actually have alternative currencies, but theyre largely unsupported. If I knew how to get ahold of it and use it I would. I think one of them is refferred to as the liberty dollar or something.
[QUOTE="surferdude17"][QUOTE="UNHOLY_basic"] I think it was mises who said "only government can take two valuable commodities such as paper and ink, and put them together and somehow make them completely worthless" im paraphrasing there a bit, but ultimately it means the same thing.UNHOLY_basicThat quote is spot on. The government loves to spend money they don't have. Instead they continue to print more money and flood the market with worthless currency. As a result, the dollar signifcantly weakens, and is worth nothing on a worldwide scale. we actually have alternative currencies, but theyre largely unsupported. If I knew how to get ahold of it and use it I would. I think one of them is refferred to as the liberty dollar or something. I will look into the liberty dollar. Getting these currencies to become widely supported would definetely help.
[QUOTE="surferdude17"][QUOTE="UNHOLY_basic"] I think it was mises who said "only government can take two valuable commodities such as paper and ink, and put them together and somehow make them completely worthless" im paraphrasing there a bit, but ultimately it means the same thing.UNHOLY_basicThat quote is spot on. The government loves to spend money they don't have. Instead they continue to print more money and flood the market with worthless currency. As a result, the dollar signifcantly weakens, and is worth nothing on a worldwide scale. we actually have alternative currencies, but theyre largely unsupported. If I knew how to get ahold of it and use it I would. I think one of them is refferred to as the liberty dollar or something. google it, i know there are actually many towns in the country that have opted to use their own currency right now, which gives people deals for spending at all the local businesses. But anyways, the government makes the problem, and then they try to patch it up when things go wrong without just eliminating the problem. We need this and we need that yada yada BS bailouts. They're all just quick solutions to major problems. Our country is made up of mostly people who are obsessed with instant satisfaction, and our government shares that trait. Quick solutions don't solve major issues. God forbid our Government actually drop all the needless spending overseas, as well as the dozens of failing government institutions that keep increasing wasteful spending and start focusing on the real problems here at home. Sure this country has it much better off than most countries in the world, but thats never an excuse to stop improving it. Its a never ending improvement. Nation building and all the crap is something we have no business doing when we have so many issues here at home. Our Government needs to stop acting like it is the policeman of the world. Imagine if we brought home all the troops we have stationed in like 150 countries around the world, kept them focused on building a strong defense? There is no need for us to take the fight to them, thing like 9/11 would never happen if we didn't mingle in foreign affairs like we're some kind of global disciplinarian.....ah whatever i'm rambling on. its just fustrating watching this country year after year being spoon fed the best choice for presidency by the media, instead of actually thinking for yourselves for a change.
All you Paulites recycling his pro gold standard rhetoric need to look at what some actual economists think about that idea. In short, its not the answer. Ron Paul is not the answer. Somehow he gained immense internet popularity, which is strange to me, based on what he supports. Ron Paul wants to get everything back to how it was when the Constitution was written, including ending the secularization of the country. Some of you need to stop watching Youtube videos about him and actually look at what he wants.
Also, what exactly does "allowing capitalism to do its job" entail? We had pure laissez faire capitalism in the late 19th century. We also had the top 10% of the country holding 75% of the country's wealth. Thats what "allowing capitalism to do its job" does.
yeah! Blame America for all our problems![QUOTE="Athene_Wins"]I smell gang violence and uprisings.... and I live in canada, and thank's to the U.S.A, we will feel the shockwaves of this **** hole the U.S. dug the world into.UnknownSniper65
Closed the video as soon as I saw the Ron Paul quote
Maybe you don't need to be so dependent on America for EVERYTHING, all of you foreigners from Europe, Canada, and NZ seem to hate us but you are dependent on the us for so much stuff. Why didn't you watch the video? People become ignorant by not listening to the other side, and never giving a second thought to their views. It is funny that they are talking about how Ron Paul foretold this, so did a bunch of other people, Bush tried to change the sub prime mortgage laws (what is the real problem in the world economy) 2002, and the bill was voted down. John McCain tried again in 2005, it was blocked by the democrats in the committee that reviewed it. John McCain tired again in 2007 to pass a bill, it was voted down. Ron Paul wasn't the only one that knew this was coming, and tried to do something. I believe that Ron Paul, and true conservatives are the only people doing the right thing now. The government getting involved in this crisis is the wrong thing, even though the government caused it. Over the last 2 years, under a liberal congress, and a "Conservative" president, the US has increased its debt more than anything, the government now owns most of the majority of the financial system and a big the parts of the US auto industry, and it is getting worse. During the Depression, government spending, and regulation kept the market from recovering for 25 years. That is the same policy we are getting into now.Yeah, and because of that free market over the late 18th and early 19th century, the US became the richest, and most powerful country in the world. Since the 80s China's economy has become more and more free, and as a result they have the fastest growing economy in the world right now, they are not far from becoming the most powerful nation in the world because of capitalism. I agree Ron Paul has some crazy ideas about some stuff (like trying to immediately become an isolationist nation again, and leaving a vacuum in the world), but most of his ideas on the economy are right.All you Paulites recycling his pro gold standard rhetoric need to look at what some actual economists think about that idea. In short, its not the answer. Ron Paul is not the answer. Somehow he gained immense internet popularity, which is strange to me, based on what he supports. Ron Paul wants to get everything back to how it was when the Constitution was written, including ending the secularization of the country. Some of you need to stop watching Youtube videos about him and actually look at what he wants.
Also, what exactly does "allowing capitalism to do its job" entail? We had pure laissez faire capitalism in the late 19th century. We also had the top 10% of the country holding 75% of the country's wealth. Thats what "allowing capitalism to do its job" does.
MCPresident
You should probably take your own advice. Ron Paul dosent want to remove secularization of the country. thats completely asinine, or its a flat out lie on your behalf. Most economist are pro gold standard. Ron Paul is pro hard asset standard, which is similar. Im gonna bet you dont know the difference between the gold standard and the fiat system, nor do you know the pros and con of either. Capitalism ended child labor through creating actual wealth and making the standard of living higher. It does this by eradicating bad business practice and forcing responsibility upon people. Thats what capitalism doing its job means. First thing we gotta do is allow capitalism to exist in the first place.All you Paulites recycling his pro gold standard rhetoric need to look at what some actual economists think about that idea. In short, its not the answer. Ron Paul is not the answer. Somehow he gained immense internet popularity, which is strange to me, based on what he supports. Ron Paul wants to get everything back to how it was when the Constitution was written, including ending the secularization of the country. Some of you need to stop watching Youtube videos about him and actually look at what he wants.
Also, what exactly does "allowing capitalism to do its job" entail? We had pure laissez faire capitalism in the late 19th century. We also had the top 10% of the country holding 75% of the country's wealth. Thats what "allowing capitalism to do its job" does.
MCPresident
[QUOTE="MCPresident"]Yeah, and because of that free market over the late 18th and early 19th century, the US became the richest, and most powerful country in the world. Since the 80s China's economy has become more and more free, and as a result they have the fastest growing economy in the world right now, they are not far from becoming the most powerful nation in the world because of capitalism. I agree Ron Paul has some crazy ideas about some stuff (like trying to immediately become an isolationist nation again, and leaving a vacuum in the world), but most of his ideas on the economy are right. Hes not isolationist, thats a bald faced lie that stemmed from neo conservatives and neolibs.All you Paulites recycling his pro gold standard rhetoric need to look at what some actual economists think about that idea. In short, its not the answer. Ron Paul is not the answer. Somehow he gained immense internet popularity, which is strange to me, based on what he supports. Ron Paul wants to get everything back to how it was when the Constitution was written, including ending the secularization of the country. Some of you need to stop watching Youtube videos about him and actually look at what he wants.
Also, what exactly does "allowing capitalism to do its job" entail? We had pure laissez faire capitalism in the late 19th century. We also had the top 10% of the country holding 75% of the country's wealth. Thats what "allowing capitalism to do its job" does.
Jacobistheman
Totally asinine? "Paul believes thatsecularismin America is a "war against religion, chipping away bit by bit at our nation's Christian heritage."
Please, capitalism did not solve the problem of child labor, it created it. Government regulation solved that problem.
[QUOTE="Jacobistheman"][QUOTE="MCPresident"]Yeah, and because of that free market over the late 18th and early 19th century, the US became the richest, and most powerful country in the world. Since the 80s China's economy has become more and more free, and as a result they have the fastest growing economy in the world right now, they are not far from becoming the most powerful nation in the world because of capitalism. I agree Ron Paul has some crazy ideas about some stuff (like trying to immediately become an isolationist nation again, and leaving a vacuum in the world), but most of his ideas on the economy are right. Hes not isolationist, thats a bald faced lie that stemmed from neo conservatives and neolibs. I have heard him say that the US needs to return to Isolationism during one of the republican primary debates.All you Paulites recycling his pro gold standard rhetoric need to look at what some actual economists think about that idea. In short, its not the answer. Ron Paul is not the answer. Somehow he gained immense internet popularity, which is strange to me, based on what he supports. Ron Paul wants to get everything back to how it was when the Constitution was written, including ending the secularization of the country. Some of you need to stop watching Youtube videos about him and actually look at what he wants.
Also, what exactly does "allowing capitalism to do its job" entail? We had pure laissez faire capitalism in the late 19th century. We also had the top 10% of the country holding 75% of the country's wealth. Thats what "allowing capitalism to do its job" does.
UNHOLY_basic
Lol he didnt say that ever. He explicitly believes in freedom of religion. You're honestly laughable Capitalism ended child labor by creating wealth. If you dont believe that, then you dont know anything about economics. If you dont think that America gained wealth in its heyday and that it was capitalist you're just so far beyond help i dont even know what to say. If capitalism created child labor (honestly, completely false since child labor existed before capitalism) then why is it that socialist countries have child labor and countries with freer markets dont? Capitalism makes wealth, and once people become wealthy enough they dont need kids to goto work. Learn things, itll do ya good i promise.Totally asinine? "Paul believes thatsecularismin America is a "war against religion, chipping away bit by bit at our nation's Christian heritage."
Please, capitalism did not solve the problem of child labor, it created it. Government regulation solved that problem.
MCPresident
[QUOTE="UNHOLY_basic"][QUOTE="Jacobistheman"]Yeah, and because of that free market over the late 18th and early 19th century, the US became the richest, and most powerful country in the world. Since the 80s China's economy has become more and more free, and as a result they have the fastest growing economy in the world right now, they are not far from becoming the most powerful nation in the world because of capitalism. I agree Ron Paul has some crazy ideas about some stuff (like trying to immediately become an isolationist nation again, and leaving a vacuum in the world), but most of his ideas on the economy are right.JacobisthemanHes not isolationist, thats a bald faced lie that stemmed from neo conservatives and neolibs. I have heard him say that the US needs to return to Isolationism during one of the republican primary debates. no you didnt. http://www.youtube.com/watch?v=6kf6CjcJBeM http://www.youtube.com/watch?v=QeEOy4EukdI Both sources straight from his mouth. you heard jon mccain say he was an isolationist. Ron Paul hates isolationism because its not capitalist.
Please Log In to post.
Log in to comment