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Post by jewbird on Oct 1, 2007 1:43:08 GMT -5
^ What should they invest in then? Investment money should go into expanding productive capacity of things people need and want. Instead, the only portion of the real economy that receives financial backing in America is fascist in nature.
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Post by JohnCoolYoungHistory on Oct 1, 2007 3:14:23 GMT -5
Yes, American foreign policy sucks. Yes, we set up puppet governments and arm our enemies. Yes, we are fiscally irresponsible in our government.
We're corrupt, and it's magnified because the we hog the spot light.
But it's still worth defending from terrorists. My mom moved here from the Philippines at 24 because the Philippines is 1,000 X more corrupt than America ever will be and there was no life there for here, and America offered her opportunities and a safe place to raise her family where her homeland could not.
I'm not easily offended but your post offends me greatly and is ignorant and flat out stupid. Making posts like this after 10,00 civilians died on 9/11. It's a pity you don't know how good you have it and take it for granted.
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Post by jewbird on Oct 1, 2007 20:13:10 GMT -5
What's a pity is that people like you insist on comparing me to rice farmers when such a comparison cannot be legitimately made. Your post offends me greatly and is ignorant and flat-out stupid.
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Post by JohnCoolYoungHistory on Oct 2, 2007 1:22:35 GMT -5
What's a pity is that people like you insist on comparing me to rice farmers when such a comparison cannot be legitimately made. Your post offends me greatly and is ignorant and flat-out stupid. Would love if you elaborated - or maybe not, considering based on your other posts you seem like a forum troll who loves to start a good flame war because it gives you a hard on. I could be wrong though. Hm, actually, probably not. Your posts couldn't brood more with skepticism and pent up anger and manic depression.
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Post by JohnCoolYoungHistory on Oct 2, 2007 18:30:02 GMT -5
Investment money should go into expanding productive capacity of things people need and want. Instead, the only portion of the real economy that receives financial backing in America is fascist in nature. What would be the surest way to expand the real economy? Investing in technology? Investing in technology responsibly has proven to expand the economy in exponential rates. One way to look at technology is taking the same amount of capital and labor and getting greater productivity. I think technological advances that lead us away from fossil fuels will help us greatly. Our current problem is that fossil fuels are a commodity, and the scarcity of it is causing price spikes which leads to inflation. Usually, the fed raises interest rates to combat inflation. However, the fed is currently lowering interest rates whereas if our economy weren't in such a slump, it would be raising them to combat high prices. The concept above helps explain our current state of stagflation (high inflation and high unemployment).
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jpeezy
Junior Member
Proud to be human
Posts: 144
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Post by jpeezy on Oct 3, 2007 13:36:45 GMT -5
Many countries are dependent on US funds & products, so for economic & political reasons, yes.
For its overwhelming materialism & decadence, probably not.
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Post by jewbird on Oct 3, 2007 21:24:49 GMT -5
I believe investing in technology would be a great way to expand the real economy as it was before. The world's financiers, however, are not prepared to do that anymore. In America, real investment in all industries except for resource extraction is flat. Any deals involve handing 10% of the company's assets to the bank and the rest to senior management at the company being acquired and their backers. The acquiring company then issues a press release praising their own vision.
Even Sand Hill Road's VCs have all left the industry to ride the private equity / M&A gravy train. Actual investment in the real American economy no longer exists. Hence things suck there. It's not even a question of interest rates or inflation. Stagflation is occurring because Amercan capital is not being invested in activity that creates value.
It's not about growing or baking pies these days but slicing them. And of course the ones doing the slicing get the biggest pieces.
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