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Old Yesterday, 11:02 AM
 
79,514 posts, read 33,688,908 times
Reputation: 15910

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Quote:
Originally Posted by Avondalist View Post
We solved the scarcity problem for most consumer items a long time ago. The "paper economy" exists because we need to create a game that funnels human energy into somewhat productive things for the huge part of society that is no longer needed to provide for our collective survival.

If you want to abolish the paper economy and go back to an economy that relies upon human labor to produce necessary things, I suggest you start destroying mechanical looms. Or better yet, try to limit fossil fuel extraction as that's what keeps the plates spinning. And concurrently, shut down research into alternative energy.

I agree there is a better path than the one we are on, and better also than Luddism. But that would involve eugenics so it's a no-no for most people (whose lines would not continue under such a regime).
What keeps it going is the Federal Reserves printing press. I do support ending that.
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Old Yesterday, 01:11 PM
 
Location: Ohio
19,953 posts, read 14,256,616 times
Reputation: 16131
Quote:
Originally Posted by Joe the Photog View Post
CEO of railroad giant CSX says the economy is the ‘most puzzling’ he’s seen as stock plummets

I follow railroads both literally and figuratively (literally for photography) and railroads typically are a sign of the economic times. I had a photo in Trains Magazine a few years ago where they reported the auto industry was about to turn around based on carloadings of, well, cars. A few months later, I began seeing the same reports in the mainstream media.

I'm no economist. I'm not claiming this means anything in the broad sense. CSX has never been known as the best run railroad in the business,
Quote:
Originally Posted by pknopp View Post
The economy is broken. That is not a secret.
Quote:
Originally Posted by Joe the Photog View Post
Depends on who you talk to, apparently.
Quote:
Originally Posted by HappyRider View Post
I read the article before seeing this thread and never figured out what was "puzzling" him. I once heard if you want to know where the economy is going, watch the corrugated cardboard industry. Never knew if there was any truth to that.
Well, the CEO is ignorant.

You can see that here:

CEO of railroad giant CSX says the economy is the ‘most puzzling’ he’s seen as stock plummets

Educated informed people know that stocks are irrelevant.

Educated informed people know that the irrefutable historic evidence proves that during a recession, the stock market can do, and has done, any one of the following:

1) crash
2) go sideways
3) set historic records daily or weekly

That's right. There are a number of recessions where stocks set new record highs on a daily or weekly basis and never once crashed or dropped significantly during the entire recession.

Educated informed people know that the irrefutable historic evidence proves that while the economy is performing well, the stock market can do, and has done, any one of the following:

1) crash
2) go sideways
3) set historic records daily or weekly

That's right. There are a number of times when the economy was performing well while the stock market crashed and burned.

It wasn't that long ago when the stock market crashed and lost 42% of its value for more than 2 years and there was no recession. GDP averaged 2.5% per quarter during the entire period.

Anyone who believes the stock market is an indicator of the economy is clueless and has no idea what they're talking about.

Good Economy Good Stock Market

Bad Stock Market Bad Economy

Since those are irrefutable facts, we must assume that people are lying intentionally to deceive others.
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Old Yesterday, 01:24 PM
 
79,514 posts, read 33,688,908 times
Reputation: 15910
Quote:
Originally Posted by Mircea View Post
Well, the CEO is ignorant.

You can see that here:

CEO of railroad giant CSX says the economy is the ‘most puzzling’ he’s seen as stock plummets

Educated informed people know that stocks are irrelevant.
The stock price of CSX is irrelevant in the big picture. The idea he espoused that there is something screwed up in the economy is not.
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Old Today, 11:38 AM
 
Location: Ohio
19,953 posts, read 14,256,616 times
Reputation: 16131
Quote:
Originally Posted by Avondalist View Post
We solved the scarcity problem for most consumer items a long time ago.

Not only no, but hell no. The problem has not been solved and unless you learn how to convert energy into matter, it will not be solved. Even when you learn how to convert energy into matter, the problem is still not solved, unless you have an abundant nearly limitless supply of very cheap energy.
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Old Today, 11:44 AM
 
Location: NY
3,903 posts, read 993,624 times
Reputation: 2264
Quote:
Originally Posted by Joe the Photog View Post
Depends on who you talk to, apparently.

Simple and straight forward.

If you work you eat
If you don't you die.


Lessons from a young man with Down's Syndrome
working his butt off in a local supermarket.
May God Bless him in more ways than one.


All these other unmotivated excuses for human beings are the real tards!
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