TheodoreRoosevelt
Bluelighter
- Joined
- Mar 21, 2006
- Messages
- 2,405
I pray that your joking. Sorry if I offended you by telling your friend to educate himself, but he needs it… apparently you do too.
I am educated on the subject, if you find something you disagree with me on, please state the reasons and support your position with evidence as I have. Otherwise, don't make non-constructive flames.
I'm really, really sick and god damn tired of people flaming so much on this website. I'm sure that will encourage discussion right, just make fun of anyone with a different opinion.
eah, we are borrowing millions of dollars from China, and we have sooo much spending power. If you print money whenever you want it, with no standard… the value of it goes down.
Yes, but we do not 'print money whenever we want to'. As you said yourself, we are borrowing money from China - which is not the same as printing money.
Also, we are not necessarily borrowing millions from China - this feeds the misperception that we are somehow going over to China and asking for money, which is wrong. China is buying treasury bonds from our country. Big difference.
It appears to me, that China has more faith in our economy then you do. There is nothing wrong with us having such a huge deficit with China. China, like anyone else, can buy bonds from us. Even I have some treasury bonds in my name. On the extreme, we can simply say "Sorry China, fuck you you chi-coms!" and our debt will be gone. But, that probably won't happen. What will happen, is that we will slowly pay back those bonds over hundreds of years. There is nothing wrong with China buying so many bonds from us. This world is driven by futures markets.
Inflation is actually very low at the moment too.
You two guys need some serious education.
BTW… just to keep this somewhat on topic. Ron Paul has Never voted to increase taxes… cigarettes or otherwise, and would also like to end the war on drugs. Yeah… I can see how people think he is crazy
Seriously what the fuck is your problem. Quit with the immature flames, I never said anything against Ron Paul.
Do you know who Mike Church is? I think you would like him, he's a conservative talk show host in the same vein as Rush Limbaugh. Today I was listening to his show, and he actually said he was getting pissed off because conservatives are making fun of Ron Paul, who despite his flaws, is genuinely a conservative, with which I agree.
Ron Paul is a great candidate, but he has a fatal flaw, which in my opinion is his stance on foreign policy. I mean, it's one thing to think we shouldn't have gone to Iraq. It's quite another to want an immediate pull-out and to say that Iran does not have an airforce or army, even though they say they do and they even independently developed a 4th generation airstrike fighter jet.
The gold standard is ridiculous because it makes money an inconvenience. Please, I'd like to see you buy your new car with gold coins.
That's not true. What the gold standard would do is basically back up the dollar with something real, whereas today if you wanted to turn in your dollars to the government for something, you could not. The dollar is completely imaginary, and in a way, a total scam.
But if everyone buys into it, it works. Liek I said before, all it takes to make the dollar worth something is if your neighbor says he'll mow your lawn for $30.
I majored in Economics, specifically the field of Microeconomics, Environmental Economics, and Economic in Philanthropy and Non-business sector. I know what I'm talking about.
Sorry to burst your bubble, and sorry to burst Ron Paul's, but the economy is doing great in America. The only reason there is talk of recession is because it's election season - the economy is always bad right before an election, especially considering how there is a Republican in office (studies have actually proven that the media reports ill of the economy when a Republican is in office and good when a Democrat is in office, regardless of what the state of the actual economy is).
Inflation is low. Unemployment is statistically non-existent. Minority home-ownership is at an alltime high (55% among blacks) and so is minority entrepreneurship. The market has grown.
Only thing that is occuring is that growth slowed down Q4 2007, but there still was growth. This talk of a recession is total bullshit, and a complete lie. A recession is defined as two fiscal quarters of negative growth, which has never happened under the current administration.
The economy is always bad for someone out there, and always good for someone else.
