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mcloo7
Joined: 20 Aug 2012
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 Posted: Sun Aug 26, 2012 8:23 am Post subject: |
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| No, I believe that all nations should respect each other's sovereignty and not meddle in each other's domestic affairs, especially by telling each other to "balance your budget." |
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Titus
Joined: 19 May 2012
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| Posted: Sun Aug 26, 2012 10:20 am Post subject: |
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| Weigookin74 wrote: |
Get your debt under control. |
The national debt is a massive component of the money supply. If the American fed gov runs a balanced budget starting tomorrow the results would be catastrophic for the American economy. Money is created though the process of lending. Without the gov borrowing there would be very little additional capital in the economy. Best, print the money so-cred style without additional debt. That will never happen. So the gov has to run a deficit until the private sector is able to fuel another debt-bubble. That's our financial system. It's awesome. |
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Titus
Joined: 19 May 2012
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| Posted: Sun Aug 26, 2012 10:23 am Post subject: |
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| Kuros wrote: |
Okay. I'll be sure to bring that up in the meetings. |
Can I come? I have a thing or two to get out. |
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flakfizer
Joined: 12 Nov 2004
Location: scaling the Cliffs of Insanity with a frayed rope.
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| Posted: Sun Aug 26, 2012 12:43 pm Post subject: |
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| Not sure if Romney could get a job as an ESL teachers here, but I bet most American teachers would have a tough time getting high-profile political jobs back home once they were asked to show their tax forms from the past five years. Many don't file and almost all who do, file 2555/2555-EZ forms and pay nothing to Uncle Sam. And these days, it's apparently a pretty big deal how much you've paid in taxes. |
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Weigookin74
Joined: 26 Oct 2009
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| Posted: Sun Aug 26, 2012 5:28 pm Post subject: |
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| mcloo7 wrote: |
| No, I believe that all nations should respect each other's sovereignty and not meddle in each other's domestic affairs, especially by telling each other to "balance your budget." |
When you owe others money they can tell you what to do all they please. In another 10 years, you won't have a whole lot to say about to China, unless you change your ways. They'll be giving the orders to you.
When this flood of Americans leaves Korea and stops putting downward pressure on wages directly affecting those of us here who were use to see rising wages every year and a much better exchange rate making it easier to pay off debts back home, then you can argue and squable amongst yourselves all you please and I won't care. In a global economy, we are more linked and weakness in one link of the chain affects the rest of it.
Nothing personal to all you young Americans who have surged into Korea escaping the recession back home. I'd do the same if I were in your shoes. But, the problem is the severe economic mismanagement during the last few years. I have spoken to people I met here and who went back home and tell me repeatedly all over the US of A what a struggle it is to find work. Business currently has no confidence so it doesn't expand and hire people. |
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Weigookin74
Joined: 26 Oct 2009
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| Posted: Sun Aug 26, 2012 5:30 pm Post subject: |
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| Titus wrote: |
| Weigookin74 wrote: |
Get your debt under control. |
The national debt is a massive component of the money supply. If the American fed gov runs a balanced budget starting tomorrow the results would be catastrophic for the American economy. Money is created though the process of lending. Without the gov borrowing there would be very little additional capital in the economy. Best, print the money so-cred style without additional debt. That will never happen. So the gov has to run a deficit until the private sector is able to fuel another debt-bubble. That's our financial system. It's awesome. |
Um, ok? Maybe, instead of financing booms on credit, all western nations ought to get back to "making things." AS for printing money, how about a history lesson? |
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Titus
Joined: 19 May 2012
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| Posted: Sun Aug 26, 2012 5:36 pm Post subject: |
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| Weigookin74 wrote: |
| Titus wrote: |
| Weigookin74 wrote: |
Get your debt under control. |
The national debt is a massive component of the money supply. If the American fed gov runs a balanced budget starting tomorrow the results would be catastrophic for the American economy. Money is created though the process of lending. Without the gov borrowing there would be very little additional capital in the economy. Best, print the money so-cred style without additional debt. That will never happen. So the gov has to run a deficit until the private sector is able to fuel another debt-bubble. That's our financial system. It's awesome. |
Um, ok? Maybe, instead of financing booms on credit, all western nations ought to get back to "making things." AS for printing money, how about a history lesson? |
It's a long and complicated subject. Needless to say, without debt there would be no money. More debt = more money. I'm not advocating for this system. It is what it is. I prefer the social-credit model where money is created as equity. I don't want to get into a long thing about this. |
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Malislamusrex
Joined: 01 Feb 2010
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| Posted: Sun Aug 26, 2012 5:38 pm Post subject: |
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| D-8 visa.... |
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Kuros
Joined: 27 Apr 2004
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| Posted: Sun Aug 26, 2012 7:03 pm Post subject: |
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| Weigookin74 wrote: |
| mcloo7 wrote: |
| No, I believe that all nations should respect each other's sovereignty and not meddle in each other's domestic affairs, especially by telling each other to "balance your budget." |
When you owe others money they can tell you what to do all they please. In another 10 years, you won't have a whole lot to say about to China, unless you change your ways. They'll be giving the orders to you. |
BWAHAHAHAHAHAHAHAHAHAHAHAHA.
Sorry, I thought Japan was supposed to have had taken over the world by now. I get confused. Which variety of Yellow Peril are we at right now? |
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Weigookin74
Joined: 26 Oct 2009
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| Posted: Sun Aug 26, 2012 7:55 pm Post subject: |
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| Kuros wrote: |
| Weigookin74 wrote: |
| mcloo7 wrote: |
| No, I believe that all nations should respect each other's sovereignty and not meddle in each other's domestic affairs, especially by telling each other to "balance your budget." |
When you owe others money they can tell you what to do all they please. In another 10 years, you won't have a whole lot to say about to China, unless you change your ways. They'll be giving the orders to you. |
BWAHAHAHAHAHAHAHAHAHAHAHAHA.
Sorry, I thought Japan was supposed to have had taken over the world by now. I get confused. Which variety of Yellow Peril are we at right now? |
Only because Japan has borrowed more. They've been debt financing for the last 20 years. How's that working out for them? Bad economy and falling standards of living? America wants to emulate them with the same type of "stimulus" and same type of bigger bureacracy or go back into it's past and look at what worked and what did not work.
For the record, Republicans were clearly smoking something during much of the 2000's and abandoning their principles. I'd say both parties have plenty of blame for this current predicament. So, I'm not being partisan here.
Reagan and Clinton were both able to compromise to get things done, but now "compromise" seems to be a dirty word to both sides of the political aisle. I recalled the 80's and 90's, in Amerca, having low unemployment and they actually "made things". The 2000's seemed to be part of a bubble. |
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mcloo7
Joined: 20 Aug 2012
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| Posted: Tue Aug 28, 2012 2:01 pm Post subject: |
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I agree with you about the problems but it seems like your ideas for solutions is just the propaganda that the people who caused the depression put out. Our problem is not government bureaucracy. In reality we have a weak government. Too weak to stand up to Wall St, too weak to stand up to Standard and Poors. We have a constitutional republic with a sovereign credit system that should not be pushed around by international financial agencies. Out government is made up largely of Wall St puppets and the American people suffer for it. Actually, a lot of the world suffers for it. You seem to be catering to the speculators.
Down with the Austrian School. It's treason. |
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