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09-05-2010, 06:57 PM   #1
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sobering look at global economy

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"Greece will not make it," said Sinn. He said the world can either subsidize Athens indefinitely, force a degree of austerity that actually risks "civil war," or — in what he suggested was the least bad option — encourage Greece to restore its drachma currency despite the domestic banking collapse that could well result.

Harvard University historian Niall Ferguson noted that since 2001 the United States has seen its debt-to-GDP ratio double to 66 percent and that it may well be headed toward the danger zone of 100 percent.

"This is a completely unsustainable fiscal policy," said Ferguson. "Pretty soon the U.S. will be spending more on debt service than national security. ... That's a tipping point for any global power."


09-05-2010, 09:11 PM   #2
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That's exactly what I thought would happen with the Euro. If only one nation becomes like Brazil with it's Reale, what happens to the Euro? Print more and the other countries get penalized? Another socialist failed experiment. 'Let's all share'! You would

---------- Post added 09-05-10 at 08:14 PM ----------

would think China geting rid of most of it's socialist programs and converting to capitalism would have woken up the feel good liberals. Afterall, if anyone could have done it China would. There used to be two socialist hegemons, China and USSR. Now the

---------- Post added 09-05-10 at 08:18 PM ----------

only hegemon left is the USA. The other two went to the 'horrible' capitalist system. Even facism of Germaany doesn't work, which is a form of capitalism where the government controls capitalism. So far the only model which still works is free market

---------- Post added 09-05-10 at 08:23 PM ----------

capitalism. Everytime the government intervenes, nothing good happens. Not to say it needs to be a free for all, that only encourages syndicates and many other forms of crime. There's a big difference between a watch group type government and an

---------- Post added 09-05-10 at 08:32 PM ----------

intervening government. The Messiah's two trilllion dollar giveaway socialist program was a smashing success! It kept inflation up without increasing real earnings. Gee, thanks. Now I get to buy less and earn the same paycheck. All to give subsidy to rich

---------- Post added 09-05-10 at 08:34 PM ----------

well to do businesses who go on the dole. So tell me who the real burden on society is?

---------- Post added 09-05-10 at 08:41 PM ----------

ps,
Why would Greece be persuaded to get off the Euro and back to the Drachma? That'd be suicide. I'd even be to hell with the rest of you Euro members. If I'm going down, you're going down with me. That's what you feel good liberals don't understand. If

---------- Post added 09-05-10 at 08:45 PM ----------

everyone is doing well, it's easy to SAY you'll do it for the good of the many. It's also easy to take from the victim of your give to the many and thanks for your sacrifice. The moment your turn is to be the martyr, all this sharing garbage is no longer

---------- Post added 09-05-10 at 08:48 PM ----------

coming out of your foul mouths. You all of a sudden cry like little babies, which you constantly accuse us of and while before told us we're 'too extreme.'
09-05-2010, 10:01 PM   #3
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It hasn't worked very well with our "phoney" economy for the past 9 years..... trillions were borrowed from foreign nations to support our "wars" These funds were off the books...... Decade of stagnated wages and loss of the middle class, Class separation, Banks and insurance companies literally controlling your life. These did not happen "overnight". Bury your head in the sand all you want but the system was not working for a decade at least.... So what if in some places the other system didn't work. Seems more like BOTH are broke and no better then each other yet it seems the majority in some of the broke states are better off then we have been in many areas.... at least most won't end up destitute because of cancer, most likely caused by the capitalistic injection of toxins in err..... EVERYTHING... Nope time to pay the piper.

Maybe we should follow the RUSSIAN economy........ or maybe you should move there..... seems to be GDP bliss.
Certainly don't move to that "hell hole" they call Japan (must be one based on GDP /debt ratio) ......

Last edited by jeffkrol; 09-05-2010 at 10:14 PM.
09-05-2010, 10:09 PM   #4
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Jeffkrol,
Before that we had Bubba. Whose campaign slogan should have been, 'I won't lie with no more new taxes. I also helped put on those riders, I now use them to bash my opponent.' 8 years later Bubba taxes us to death. Gotta love libs.

09-05-2010, 10:18 PM   #5
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QuoteOriginally posted by troglodyte Quote
Jeffkrol,
Before that we had Bubba. Whose campaign slogan should have been, 'I won't lie with no more new taxes. I also helped put on those riders, I now use them to bash my opponent.' 8 years later Bubba taxes us to death. Gotta love libs.
I think your location says it all "OZ"........... since you love fairy tales....
09-05-2010, 10:20 PM   #6
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Other than Bush's love makin' to the Lord, he was doing way better than the celebrity environmental director superstar would have done. Could you imagine how much love he would have gotten with our arab friends and making them pay carbon credits?
09-05-2010, 10:25 PM   #7
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QuoteOriginally posted by troglodyte Quote
Other than Bush's love makin' to the Lord, he was doing way better than the celebrity environmental director superstar would have done. Could you imagine how much love he would have gotten with our arab friends and making them pay carbon credits?
He should have lost to Kerry...... I doubt that we would be in Iraq..... Soldiers know what war really means.. not draft evaders like Cheney or "weekend warriors" such as Bush...... AND THEN things wouldn't be so bad......
[YT]http://www.youtube.com/watch?v=z8Q-sRdV7SY[/YT]

09-05-2010, 10:26 PM   #8
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I guess all that money to tons of taxes I lost was all a dream? Bubba was the real true redneck savior. I guess that's the only reason Dubbya won. Everyone was so into hillbilly presidents and hated the hippie huh?

---------- Post added 09-05-10 at 09:31 PM ----------

Bush wasn't a 'weekend warrior' like you say. He was being like Timothy Leary doing more LSD than you, your friends and all the people you know in one sitting. As a liberal I thought that'd make yiu proud of him! (Project MKultra)

---------- Post added 09-05-10 at 09:38 PM ----------

Wouldn't that be a positive attribute in the liberal dogma? Drug mind control to make it so we can sit and do nothing! See, Bush was actually just one step away from being the liberals true friend. Clinton became a Rhode scholar to avoid Vietnam!
09-05-2010, 10:42 PM   #9
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QuoteOriginally posted by troglodyte Quote
I guess all that money to tons of taxes I lost was all a dream? Bubba was the real true redneck savior. I guess that's the only reason Dubbya won. Everyone was so into hillbilly presidents and hated the hippie huh?

---------- Post added 09-05-10 at 09:31 PM ----------

Bush wasn't a 'weekend warrior' like you say. He was being like Timothy Leary doing more LSD than you, your friends and all the people you know in one sitting. As a liberal I thought that'd make yiu proud of him! (Project MKultra)
How much did you lose in the market???
Look at it this way, do you prefer what you have now w/ your "overburden" of taxes or would you like to be back in the "untaxed" bracket? People have grown selfish and narcissistic, and don't appreciate what they have in relation to many and just "want it all" free of charge or responsibility.. Maybe give millions to the "symphony" but won't throw a quarter in a beggars cup (trust me you may have absolutely no clue as to why they are begging, you will just Ass-um-e) and I doubt if you would give him a job..... sorry I think that is just a sad reflection of the depths of immorality we have fallen to.
and your rambling.......I give you all sorts of pretty charts and a really funny video.... and that's the best you can do?

Last edited by jeffkrol; 09-05-2010 at 10:47 PM.
09-05-2010, 10:42 PM   #10
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Jeffkrol,
Not saying you actually did LSD but 'you' as in your typical Adlous Huxley liberal drug lover. But if you youself did do LSD, Bush has probalbly done more LSD in an hour than your lifetime!

---------- Post added 09-05-10 at 09:46 PM ----------

Oh and yes, I would love those tax free days back. I lost it all. Living paycheck to paycheck now. Where April was my true Christmas.
09-05-2010, 10:49 PM   #11
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QuoteOriginally posted by troglodyte Quote
Jeffkrol,
Not saying you actually did LSD but 'you' as in your typical Adlous Huxley liberal drug lover. But if you yourself did do LSD, Bush has probably done more LSD in an hour than your lifetime!
Once again proving Bush was an idiot........


QuoteOriginally posted by troglodyte Quote
Oh and yes, I would love those tax free days back. I lost it all. Living paycheck to paycheck now. Where April was my true Christmas.
Is that sarcasm I hear? I think you should answer the question, would you prefer to make 75% more right now if you had to pay 10% more tax on that money???? Yes the question is a no brainer......
09-05-2010, 10:50 PM   #12
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See you got one thing right. I do want it all. I want to keep every damn penny I earn. I don't want another's penny either. But even if you want a penny I don't want you having, I'll fight you for it till my dying breath!
09-05-2010, 10:54 PM   #13
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QuoteOriginally posted by troglodyte Quote
See you got one thing right. I do want it all. I want to keep every damn penny I earn. I don't want another's penny either. But even if you want a penny I don't want you having, I'll fight you for it till my dying breath!
Sad....... money is not what life should be about... at least the important parts.
09-05-2010, 10:55 PM   #14
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So Bush is an idiot for doing drugs to control the world? But it's ok for the Messiah to do coccaine for the 'betterment' of his own entertainment?
Bush saw the error of his ways and went straight edge for the Lord. Kind of a silly reason, but it gets the

---------- Post added 09-05-10 at 09:58 PM ----------

same result.
I aggree with you completely. But money gets my lenses so I can make people's hearts light up with the pictures I take of strangers for no charge. Hell most if the time I even pay for the print.

---------- Post added 09-05-10 at 10:01 PM ----------

I'm not a complete Ayn Rand like heartless nutjob most liberals take me for!

---------- Post added 09-05-10 at 10:04 PM ----------

I bet gokenin is going to be sorry he made this thread.
09-05-2010, 11:11 PM   #15
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QuoteOriginally posted by troglodyte Quote
So Bush is an idiot for doing drugs to control the world? But it's ok for the Messiah to do coccaine for the 'betterment' of his own entertainment?
Bush saw the error of his ways and went straight edge for the Lord. Kind of a silly reason, but it gets the

---------- Post added 09-05-10 at 09:58 PM ----------

same result.
I aggree with you completely. But money gets my lenses so I can make people's hearts light up with the pictures I take of strangers for no charge. Hell most if the time I even pay for the print.

---------- Post added 09-05-10 at 10:01 PM ----------

I'm not a complete Ayn Rand like heartless nutjob most liberals take me for!

---------- Post added 09-05-10 at 10:04 PM ----------

I bet gokenin is going to be sorry he made this thread.
I don't think your heartless but if you could humor me and answer the question:
QuoteQuote:
Would you prefer to make 75% more right now if you had to pay 10% more tax on that money????
it would make the thread more fun.......
Anyways on to my state as an Off -topic side show...........
QuoteQuote:
Researchers at the nonprofit think tank based at the University of Wisconsin-Madison document the recession's impact, as well as longer-term job trends, in a biennial survey, "The State of Working Wisconsin 2010."

"On this Labor Day, the economy provides little to celebrate for working Wisconsinites," the report's authors write.

The report found that one in four manufacturing jobs in the state was lost during this decade.

While the state's unemployment rate stood at 7.8% in July, researchers said that fully 15% of the labor force was underemployed. The underemployment figure includes the unemployed, those who have given up the job hunt and part-time workers unable to secure full-time employment.

African-American unemployment reached 23.5% - more than three times the rate of whites - while Hispanic unemployment was nearly 16%. Those numbers are from 2009, the most recent year such figures were available.

Wisconsin's hourly median wage in 2009 was $15.87. Adjusted for inflation, the wage was less than $1 per hour higher than it was in 1979.

Women in 2009 earned 19% less than men. Blacks earned 20% less than whites, and Hispanics earned 25% less than whites.

More than one in five of the state's workers were stuck in poverty-wage jobs in 2009, earning less than $10.46 an hour.

"I think this is pretty much putting in place a lot of the things families all over the state live every day," said Laura Dresser, associate director of the think tank. "It's too easy to look away from the core issues of jobs, wages and income in this state."The report's authors recommend several steps to improve the job situation. They include: boost job skills, make sure the minimum wage keeps up with inflation, ensure a health care safety net and expand programs to help those facing home foreclosure.

The report calls on policy-makers to "carefully consider wage and benefit quality when extending tax credits, grants, loans, training or other supports." It also calls for building a green future, not just with jobs in emerging technologies but through energy efficiency, including investment in transit.

The authors also urge policy-makers to "reject calls to drastically cut public employee pension and health care benefits and replace them with less secure 401(k)-style plans that would inevitably leave many retirees in poverty."
Report paints bleak labor numbers for Wisconsin - JSOnline
flat wages since 1979ish........
going back one pres we got repub, dem, 2 x repub, repub, 2x dem, 2 x repub, (I'll discount Obama since he just err started).
Track records.. not so good....
[YT]http://www.youtube.com/watch?v=hE8V22unwRo[/YT]
[YT]http://www.youtube.com/watch?v=m0OXJneDQ1s[/YT]
[YT]http://www.youtube.com/watch?v=adc3MSS5Ydc[/YT]

Last edited by jeffkrol; 09-05-2010 at 11:30 PM.
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