no idea if this is the one, but:
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Jul 4, 2008Posted in: General Discussion (non-Diablo)
thats better, and true. America wants soviet influence out of the middle east, they supply pakistan with money and weapons, paki's give em to tribal warlords and guerrillas to fight off the soviets, then America just nods and forgets...this is very important to current events.Quote from "GrandRobot" »ofcourse they hate our culture, but alot of americans think thats the only reason they attacked us on our soil. that is very wrong. america sticking its hands in other countries kool-aid is what got us here. we shake hands then turn our back and leave you to the dogs, thats american politics, we get what we want and turn the other cheek no matter what happens to you.
and why i think Bush actually had something going by staying in the war so long, even tho i dont like him, if we left iraq the same situation might arise.
but both parties hate the war and want it done with. im more interested in new energy source and education, in atlanta the number of homeless is too much. and in other parts of the world ive been to its pretty bad too, NYC, london, rio de janeiro and beijing are filled with slums and sudan and Liberia are gigantic slums...which id like to see someone do something over in Africa. but im just basing this off of the US...
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Apr 21, 2009Well, here's my go, apples:Posted in: General Discussion (non-Diablo)
The first one I didn't put the text ton to see if you liked it better without it:
And the second one I included your text. It has a different feel and seems really busy:
Mar 30, 2009Posted in: General Discussion (non-Diablo)Quote from "applesoffury" »
Vegas, you seem to know a bit (:P) any ideas guys?
Here be me input matey! But first I would consider your professor, is your professor open for any solution or do he/she have economic path they want you to take? This can be a politically charged topic where people have strong opinions and that might determine how receptive they are. I know some professors can get testy about things like that.
With that said I believe the Austrians will be proven right in the long run some of the more noted were the ones who saw this moment coming Jim Rogers, Marc Faber, Peter Schiff, Robert Kiyosaki, and Ron Paul (mentioned by 3CXOD) to name a few. They have proposed solutions but despite being credited with seeing it their solutions have gotten little attraction because they are not popular solutions, they require us taking our medicine, in essence the correction is the solution to a massive bubble market that has spun out of control for years as prescribed by Ludwig von Mises. The time we should have done something was on the drunken euphoric trip up and the aforementioned we're warning everyone about and getting laughed at and ridiculed for being Dr. Doom's.
Peter Schiff Was Right 2006 - 2007The Austrian's propose allowing companies to fail and let the process of bankruptcy to help reset the market. This is the only way assets can properly valuate and flush bad debt from the books. Depending on who you listen to they have different ideas of what the government could do to aid, but basically the governments role should be to foster free trade and streamline the process so a quick V shaped recession could take place and the correction would last for a shorter period of time and thus a faster recovery. They argue no matter what we do the downturn is going to be painful. Bail outs, stimulus and recovery packages are attempts to not take our medicine. Such actions will only prolong the down turn and lead us into an L shaped recession not to unlike the lost generation in Japan in the 1990's complete with Zombie banks from which Japan never truly recovered. All the efforts being taken are basically ways vain attempts to reinflate artificial bubbles and prices that cannot persist.
Indeed today we see that the largest bailed out banks are already undead entities on government life support no one has faith in anymore. By keeping these entities alive along with all their toxic debt no investor will place money in assets that can't be properly valuated.
Why the Meltdown Should Have Surprised No One - Peter SchiffProponents Keynesian approach argue just because someone saw it does not equate to having solutions and simply submit their solutions are not solutions but do so without qualification. On the Keynesian side the poster child has been Paul Krugman because he won a Nobel Prize for his work on trade patterns. I agree and disagree with Krugman on varying points but a few things to consider which I find hard to resolve:
Jim Rogers on where global opportunities will be.
60 Minutes - Head of the U.S. Government Accountability Office (GAO) David Walker says that the U.S. economy is unsustainable
I.O.U.S.A.: Byte-Sized - The 30 Minute Version
Robert Kiyosaki Why the Rich Get Richer
Eve of Destruction: How the Financial Crisis Was Built Into the System
Let banks fail, says Nobel economist Joseph Stiglitz
He did not anticipate this crisis reaching this level, as he states in his 10.26.08 blog commentary
"But I never anticipated anything like what's happening now."But he has since attempted to suggest he was as close as anyone was to it. Paul Krugman was on the 'Washington Journal' (a four part series) In part 2 starting at 5:35 a caller calls Krugman out for representing Keynesian views and for not seeing this crisis where the Austrians and people like Peter Schiff did.
What does Krugman do?
All he does scoffs and says "Boy I don't even want to go into the Austrian stuff, it's a not a major school but look uhm what can you say I was closer to this than the bulk of the people who were giving pronouncements about the economy, I saw the housing bubble, I saw the bursting of the housing bubble was going to be nasty"
Look what China is considering on doing with its money.We do however hear much about how we need to put America back to work and that Obama can create government jobs and infrastructure spending. But those who argue this again don't ask with what money? They don't consider that all government jobs while honest work is a burden to the tax payer and eventually if allowed to grow too large become a system that feeds on itself destructively. Unlike free trade inviting fresh money based on competition, supply, and demand. They believe deficit spending is a path out of this mess, I disagree. If you start with the 1 hour video I mentioned in my previous post by Dr. Lawrence Parks you can see there are fundamental problems that date 30 plus years back that are compounding our troubles.
And China who we are depending on to keep loaning us money is starting to get nervous
1) a dollar crisis and this is a fundamental problem, we now operate on a house of fiat currency cards and no one is looking to fix it. There have been over 3800 fiat currencies though out history and all have failed. With a winning tack record of 3800+ losses 0 wins, the prospects of the dollar surviving this time around is also zero. In the US alone we saw the Continental fail, and the US Greenback dollar fail. The Federal Reserve Note will too it's just a matter of time.
2) We have a foreign debt problem in 2005, U.S. interest payments on foreign debt topped the $100 billion mark for the first time - coming in at $114 billion dollars breaking down to $310 million per day, according to Joseph Quinlan, Bank of America's chief market strategist. This equates to more than $1 per day for every person in America. So all this additional deficit spending which the left bemoaned as Bush spent like a liberal on steroids running two wars while lowering taxes, suddenly and conveniently they now see this type action as a solution to the problem. They think now somehow punch through our economic problems if we just spend enough money! (BTW I voted for Obama, that usually makes most Democrat's heads snap after I say stuff like the above)
Conventional wisdom says if you are in a hole you stop digging, tighten the belt and pay down your debt, but not here. Keynesian's however are pumping the idea that even the basic concepts of global economics are too complex for the average person to understand. Kind of like those complex derivatives only advanced mathematicians could decipher that helped to blow up the economy. Certainly every industry has details and complexities only the professionals understand but the basic concepts should not be hard to grasp. At the end of the day it's still money in money out.
Stimulus Has Never Worked
"We are spending more money than we have ever spent before, and it does not work. After eight years we have just as much unemployment as when we started, and an enormous debt to boot." - US Treasury Secretary, We are spending more money than we have ever spent before, loyal secretary of the Treasury to President Franklin D. Roosevelt - and key architect of FDR's New Deal. May, 1939
Leave the New Deal in the History BooksStimulus supporters would love nothing better than to bury that quote. It comes from Morgenthau's personal diary.
I mention this because many reference FDR's New Deal as a justification for today's stimulus, so it behooves us to listen to the architect of the new deal. The depression lasted 10 to 12 years and while FDR did not cause it he was not very successful in pulling the nation out of it, there were 2 New Deals and both failed, it took WWII to pull us out of it.
How many dollars have we printed?Want an interesting take on this, Michael Maloney is pro gold and silver and while some disagree with his take on gold and silver his use of the FED's own charts are compelling to say the least, and show that the problem is larger than most fathom.
The Greatest Wealth Transfer in the History of Mankind Starts Now!Well there you have it, I could type a hell of lot more but that should give a fair amount of material to work from, I would recommend looking at all the links I have provided to give you a fuller perspective. After seeing all that you should have a bang up paper.
If you are bold and want to invest 3 well spent hours, then Chris Martenson's "Crash Course on Economics" is probably one of the most important presentations you can watch for the next 20 years, he talks about the 3 E's, Energy, Environment, and Economy. No matter how you cut it, were in for a hell of ride.
They almost didn't know this was coming, Kondratieff waves
Nikolai Dmyitriyevich Kondratieff told them 70 years ago, many today knew for 20 or more years
Jul 10, 2008Allright, the Liverpool one could use a tad bit of work, just tell me if you want to keep it.Posted in: General Discussion (non-Diablo)
The Samwise one came out pretty damn good.
Quote from "InvincibleEMP" »75h x 730w
Boondocks (the cartoon)
That's too big.
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