Re: The Economic Crisis (The Fall of America & the Western World)
Quote:
Originally Posted by
Kirkland Laing
Quote:
Originally Posted by
Andre
Printing Money Causes Inflation? | Beyond Highbrow - Robert Lindsay
Thats covers a few different angles.
I think theres a mix up here in this thread, between recent printing of money to spend on old loans etc; and the old law of thumb that you could only print money if you had the same in reserve in gold etc.
As to the 32 trillion figure mentioned a few page ago: I think Brock is thinking about the Us governments gift to the bank bail out a few years back, that they just went and lost somewhere.
Personally I dont pretend to know much about this money market stuff, I had to go look up the meaning of a few terms you guys used just to get a small handle on it for my own general level of understanding.
@
Kirkland Laing I have a question mate. With China keeping their currency value down which helps them as leaders in exports and booming on their home front:
That sort of kills our own growth at home and makes us rely on their future produce.
It seems to me China will eventually be set up as self sufficient and we will be left lacking crops and industry that fell to their cheaper exports etc.
Other than (the man in the streets)refusing to buy imports; is there another way (through the money markets) to stem the inevitable?
I worry about this on a ground level, watching our 50 year old fruit tree farms being cut down and made into housing land or for beef cattle because we cant compete with Chinese imports and our local car industries closing down and going overseas for cheaper labour are just a couple.
It seems like the whole thing is going to head further into the way of a global farm and industry designated to countries that suit each better :-\.
Locally that sort of spells out a grim future when you think about it.
That guy actually knows what he's talking about although he could use an editor. In that post at least.
No mate, let the system continue as it is and it's like a slow-motion arse rape for wealthy economies. If you have two huge islands full of people A and B, and the A people have a high standard of living/wages and B are dollar a day people. Both island practice capitalism and free trade and have competing sets of capitalists running their islands. In that siutaion the B capitalists eventually own even the ground the people in A walk on and the A people are perpetually in debt to them.
In the current real time situation a bunch of global capitalists make everything in dollar-a-day land and gradually hollow out wealthy economies. Wealthy economy standard of living falls to meet upcoming dollar-a-day living standards and then everything should go up roughly the same, but it's a fucking horrible situation for our/next few generations in wealthy countries.
Kirland's response is virtually identical to what the Council on Foreign Relations described as their goal in the early 1900s. Lower the standard of living in many countries while raising it elsewhere, with the objective of making one world government more palatable to the masses.
Re: The Economic Crisis (The Fall of America & the Western World)
Quote:
Originally Posted by
Kirkland Laing
Quote:
Originally Posted by
Andre
Printing Money Causes Inflation? | Beyond Highbrow - Robert Lindsay
Thats covers a few different angles.
I think theres a mix up here in this thread, between recent printing of money to spend on old loans etc; and the old law of thumb that you could only print money if you had the same in reserve in gold etc.
As to the 32 trillion figure mentioned a few page ago: I think Brock is thinking about the Us governments gift to the bank bail out a few years back, that they just went and lost somewhere.
Personally I dont pretend to know much about this money market stuff, I had to go look up the meaning of a few terms you guys used just to get a small handle on it for my own general level of understanding.
@
Kirkland Laing I have a question mate. With China keeping their currency value down which helps them as leaders in exports and booming on their home front:
That sort of kills our own growth at home and makes us rely on their future produce.
It seems to me China will eventually be set up as self sufficient and we will be left lacking crops and industry that fell to their cheaper exports etc.
Other than (the man in the streets)refusing to buy imports; is there another way (through the money markets) to stem the inevitable?
I worry about this on a ground level, watching our 50 year old fruit tree farms being cut down and made into housing land or for beef cattle because we cant compete with Chinese imports and our local car industries closing down and going overseas for cheaper labour are just a couple.
It seems like the whole thing is going to head further into the way of a global farm and industry designated to countries that suit each better :-\.
Locally that sort of spells out a grim future when you think about it.
That guy actually knows what he's talking about although he could use an editor. In that post at least.
No mate, let the system continue as it is and it's like a slow-motion arse rape for wealthy economies. If you have two huge islands full of people A and B, and the A people have a high standard of living/wages and B are dollar a day people. Both island practice capitalism and free trade and have competing sets of capitalists running their islands. In that siutaion the B capitalists eventually own even the ground the people in A walk on and the A people are perpetually in debt to them.
In the current real time situation a bunch of global capitalists make everything in dollar-a-day land and gradually hollow out wealthy economies. Wealthy economy standard of living falls to meet upcoming dollar-a-day living standards and then everything should go up roughly the same, but it's a fucking horrible situation for our/next few generations in wealthy countries.
So, sell my little sea side patch here and head for hills to expand and go self sufficient for my future family members you recon?
Re: The Economic Crisis (The Fall of America & the Western World)
Quote:
Originally Posted by
Andre
Quote:
Originally Posted by
Kirkland Laing
Quote:
Originally Posted by
Andre
Printing Money Causes Inflation? | Beyond Highbrow - Robert Lindsay
Thats covers a few different angles.
I think theres a mix up here in this thread, between recent printing of money to spend on old loans etc; and the old law of thumb that you could only print money if you had the same in reserve in gold etc.
As to the 32 trillion figure mentioned a few page ago: I think Brock is thinking about the Us governments gift to the bank bail out a few years back, that they just went and lost somewhere.
Personally I dont pretend to know much about this money market stuff, I had to go look up the meaning of a few terms you guys used just to get a small handle on it for my own general level of understanding.
@
Kirkland Laing I have a question mate. With China keeping their currency value down which helps them as leaders in exports and booming on their home front:
That sort of kills our own growth at home and makes us rely on their future produce.
It seems to me China will eventually be set up as self sufficient and we will be left lacking crops and industry that fell to their cheaper exports etc.
Other than (the man in the streets)refusing to buy imports; is there another way (through the money markets) to stem the inevitable?
I worry about this on a ground level, watching our 50 year old fruit tree farms being cut down and made into housing land or for beef cattle because we cant compete with Chinese imports and our local car industries closing down and going overseas for cheaper labour are just a couple.
It seems like the whole thing is going to head further into the way of a global farm and industry designated to countries that suit each better :-\.
Locally that sort of spells out a grim future when you think about it.
That guy actually knows what he's talking about although he could use an editor. In that post at least.
No mate, let the system continue as it is and it's like a slow-motion arse rape for wealthy economies. If you have two huge islands full of people A and B, and the A people have a high standard of living/wages and B are dollar a day people. Both island practice capitalism and free trade and have competing sets of capitalists running their islands. In that siutaion the B capitalists eventually own even the ground the people in A walk on and the A people are perpetually in debt to them.
In the current real time situation a bunch of global capitalists make everything in dollar-a-day land and gradually hollow out wealthy economies. Wealthy economy standard of living falls to meet upcoming dollar-a-day living standards and then everything should go up roughly the same, but it's a fucking horrible situation for our/next few generations in wealthy countries.
So, sell my little sea side patch here and head for hills to expand and go self sufficient for my future family members you recon?
You've got to look at your own situation and your kids' prospective situations and see what's best for you. If your kids can get a good degree or a good non-outsourcable trade then they should be fine. The majority of kids are going to leave uni already burdened by massive debt and spend the rest of their lives increasingly working for the man though.
Re: The Economic Crisis (The Fall of America & the Western World)
