I don't understand this mentality. If you don't like certain aspects of things in your country, you shouldn't try to do anything about it, you should just move to a different country?Originally Posted by David88vert
I don't understand this mentality. If you don't like certain aspects of things in your country, you shouldn't try to do anything about it, you should just move to a different country?
Well you shouldnt. Just like "us people" who mod or maintain cars just dont get another one necessarily when it breaks over and over again. It's broken, so fix it. The idea of money being worthless and a "gold standard" being mis-understood and the financial world as well, makes many people just "go with the flow" of things instead of learning for themselves. You dont have to be TOLD everything to know its the truth.
There is a major issue with this fiat money thing here and I am not the only one to notice, with such a large debt there are many like myself who are educating themselves to understand just why the hell its so high. It's obviously been growing for decades and it will eventually pop. My grandma knows this, she was born just at the end of the great depression, she remembers her father speaking about how expensive things were and how useless his $1 bill was in the early 1900's.
Don't tell me I'm crazy or "speculating" ask an old person about it, someone of reputable age 78+, they will tell u. They've been around to see the change and understand what this paper money has done to the country they were once proud of. But we all look down on them like they're idiots. I know I believe my grandma and grandpa.
Your like a middle-aged douche. A country boy or something who cant understand things that use the words INFLATION (devaluation of currency) to understand why things cost more for absolutely no reason other than the Government blaming something, when all it really is, is just some people printing more and more money without reserve.
You misunderstood me. I did not mean it in the sarcastic manner that it usually is said. I can completely understand though how you thought that I meant it. I should have stated it more clearly.
Here is what I meant:
You have the ability to move to another country. You are not physically confined to this country and are saddled with the country's debt. Due to this capability to move, once cannot say that they are "born into debt" with the connotation that they have no choice but to pay it. There are options.
We absolutely do need to lower the debt of this country; however, rampant spending by the current Administration and Congress will not lower the country's debt - it can only raise it. It is going in the wrong direction, there is no debating this fact.
"Racing is life. Anything before or after is just waiting." - Steve McQueen
Has anybody noticed that as the Hang Seng average falls, the DJIA rises?
My guess is that the weakening of the US dollar is making it harder for the Chinese to make the huge profit they were making. This is causing a weakness in the earnings, this is earnings season, and therefore a hit to the index as a whole.
Blanknoize - Huh? My comment was not directed at you and had nothing to do with money.
David - Thanks for the clarification
I had an interesting dinner tonight. Spent a little while with a guest professor at Emory, who teaches economics. He and I had a brief discussion on the stimulus package. He feels that it was not large enough, and had some good points concerning debt levels. Key items were investment in infrastructure, job creation, and the purchasing of US debt by China.
It was interesting dinner conversation. Hopefully, I will have the opportunity to discuss more economics and political impacts in the future.
"Racing is life. Anything before or after is just waiting." - Steve McQueen
Economy turning around?
BLS:
August 2009 ~137,000,000 jobs in the payrolls. (~6 months after stimulus package was passed. About $200 billion had been spent.)
September 2010 ~136,500,000 jobs on the payrolls. (~18 months after, and about $600 Billion spent.)
Employment is going down, but the labor force is also going down.
Don't pay any remote attention to the employment rate. It's sorcery at best. Look at overall employment. To keep up with population growth we need to at 150,000 jobs to the economy every month. We're a LONG WAYS from catching up with that.
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