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In part they would do that, but as the world's reserve currency everyone needs our debt to buy stuff internationally with.
Temporarily and the more we demand others to bend to our wishes the sooner that ends.
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So they would make stuff at a loss to get our money with, and pay what we say they need to. All we need to do is turn the tide of supply side economics and have public policies that lower not increase income inequity. but those policies need to work globally as we are in a global economy.
Temporarily and the more we demand others to bend to our wishes the sooner that ends.
I'm a party pooper. I want responsible government and not crony this and that kind of government.
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Originally Posted by pknopp
Theories are wonderful things.
Take a look at Trump and Hillary. 6 of one half a dozen of the other. We need real changes in the direction things are going. Or we a going to go the road that Venezuela did.
I'm a party pooper. I want responsible government and not crony this and that kind of government.
You have no place to dictate to other countries.
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Take a look at Trump and Hillary. 6 of one half a dozen of the other. We need real changes in the direction things are going. Or we a going to go the road that Venezuela did.
Global market needs global solution. Not dictating to other countries. Just saying we will tax our own for not doing what is in everyone's best interest. It is a hair splitting thing. China did things that were their own internal policies that really hurt us so why not? Overpaying as long as the productivity is there to justify it doesn't hurt anyone.
Global market needs global solution. Not dictating to other countries. Just saying we will tax our own for not doing what is in everyone's best interest. It is a hair splitting thing. China did things that were their own internal policies that really hurt us so why not? Overpaying as long as the productivity is there to justify it doesn't hurt anyone.
I am not interested in a one world government. Few are.
There will never be income equality. However, I still believe that anyone can improve their lot in life through hard work, commonsense and living frugally until their goals are met. The people that succeed, despite starting off with little means, are those who were willing to hold down several jobs, live frugally and also to pool family earnings towards creating a small business or to buy income producing real estate. They didn't lease gas guzzling Escalades, buy fake blingy jewelry or cz mouth grilles or waste money on fake nails and idiotic hair weaves in some effort to live large like their celebrity idols.
What is also keeping many people down or stuck in a cycle of poverty is not finishing their schooling until their education is complete, rushing into adulthood and having children out of wedlock and before they have decent job skills or formed a career path. And there are some who see that by working minimally, they can keep qualifying for Section 8 vouchers or food stamps. The welfare mentality also hold the poor down.
What did I get that tens of millions (if not more) of American workers and retirees who have $27 Trillion invested in their pension/retirement accounts didn't also get?
However, the Federal Reserve DID create $2 Trillion in QE to give the tens of thousands of Americans who are 5+ years behind on their mortgage payments free homes (due to statute of limitations expiration on foreclosure), while giving banks only billions (by your own admission, no less), which has been paid back.
I am one of the tens of millions of American workers and retirees who have $27 Trillion invested in their pension/retirement account, but I'm NOT one of the tens of thousands who got a free home.
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