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Random thoughts and interesting tidbits. . .
. . .focused on current economical and political events.
"But rightful liberty is unobstructed action according to our will within limits drawn around us by the equal rights of others. I do not add 'within the limits of the law,' because law is often but the tyrant's will, and always so when it violates the right of an individual."
Thomas Jefferson
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October
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- PHISH is back.
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14 comments:
Uck.
Yes. Its awful watching someone predict the future. I have lots of video of Peter Schiff and Ron Paul predicting the future and being right too. I could really gross you out. But of course, why listen to those who have been right when you can ignore them and say they're crazy while you talk about falling wages?
My wages fell hard today. Biggest drop in the Canadian dollar in history. But of course, my wages didn't drop nominally so big whoop right? Who cares about what REAL value is? I guess wages decreases only count when big corporation go to poor countries but not when my government prints billions of dollars and debases my purchasing power.
The difference is simple, of course. Your wages still exist. The wages going to China and Mexico are COMPLETELY gone. So, yes, the banks issue money as loans is not as important.
Those wages aren't completely gone. They're replaced with lower paying jobs.
What is 20 minus 9, Josh?
11
What is 15-5, Josh?
10, i like this game
It's a fun game. How much is 8-4?
4
How much do you think that loss in spending power effects the economy and logic of banks that have assumed the New Deal state for 60 years?
Probably quite a bit. And the US probably needed to go through a recession. This would lead to the government wanting to encourage a more competitive labour environment so that companies would start investing back into the US.
But nope. They just print more money and lend to people who can't pay it back.
Encourage a better labour environment? What a load of stupid bullshit. How would they ever compete with 30 cents an hour, Josh? You're living on a cloud.
How many people in the developed world, Josh? Please answer my question.
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