USA Forum

[Oscar Reed]

https://www.youtube.com/watch?v=hwV4JNzQLOs&feature=youtu.be&a

 

[hhiusa]

The Australian Dollar Crash.

 

[postman]

Start Prepping!

$100 Trillion Dollar Collapse of the AMERICAN ECONOMY.

 

[hhiusa]

Start prepping @postman because if the US economy falls, then the whole world economy falls including the UK.

 

[Oscar Reed]

Start prepping @postman because if the US economy falls, then the whole world economy falls including the UK.

No problem, the rest of the world got China, India and Indonesia.

 

[counter_violent]

Start prepping @postman because if the US economy falls, then the whole world economy falls including the UK.

And finally, we get to the truth of it !

This is an admission that US has been living off the backs of everyone else for decades. The only reason they got away with it was because of the USD status as reserve currency and if US was short of money, no problem, just print some more, never a day of reckoning !

 

[hhiusa]

And finally, we get to the truth of it !

This is an admission that US has been living off the backs of everyone else for decades. The only reason they got away with it was because of the USD status as reserve currency and if US was short of money, no problem, just print some more, never a day of reckoning !

Again you invert the argument. The world lives off of us, which is why they would fall if we fall. If they were truly self-sufficient they wouldn't need us. If the US stopped providing financial aid even now, Europe would fall like dominoes.

 

[Oscar Reed]

@hhiusa

Have you been to Asia?

 

[hhiusa]

@hhiusa

Have you been to Asia?

Neither nor you nor your raging socialist friends live in Asia. It is a moot point. Are you saying that you want communism. Australia will be under Russian or Chinese control should a fall happen. I think we should let Russia and China invade you guys. They did it to Georgia and Crimea. We should put up our middle finger and say "if you are so strong and self-sufficient, defend yourself".

 

[counter_violent]

Again you invert the argument. The world lives off of us, which is why they would fall if we fall. If they were truly self-sufficient they wouldn't need us. If the US stopped providing financial aid even now, Europe would fall like dominoes.

US hasn't produced anything for decades...exported manufacturing jobs East, living way beyond their means and all of it financed by more dollar printing, cos that's all you have!

 

[hhiusa]

US hasn't produced anything for decades...exported manufacturing jobs East, living way beyond their means and all of it financed by more dollar printing, cos that's all you have!

What we have is all that matters. Money and the means to make it. If that is all that we have, then I feel sorry for you guys because you have even less. What you have is based upon what we have. You will always be worse off than us. Now and even in the event of a fall.

 

[counter_violent]

What we have is all that matters. Money and the means to make it. If that is all that we have, then I feel sorry for you guys because you have even less. What you have is based upon what we have. You will always be worse off than us. Now and even in the event of a fall.

Oh, I didn't say we were any better. If I had my way we would operate an Austrian economic model, with a liberal dose of friedman thrown in for good measure.

So just in case you need a reminder of how not so great the US is.

http://www.usdebtclock.org/

 

[hhiusa]

Oh, I didn't say we were any better. If I had my way we would operate an Austrian economic model, with a liberal dose of friedman thrown in for good measure.

So just in case you need a reminder of how not so great the US is.

http://www.usdebtclock.org/

I think you must have done very poorly in your mathematics classes, especially in the part about ratios and percentages.

Numbers are inconsequential in reference to percentages and ratios. $10,000 in debt on a $100,000 income is still the same as $1,000,000 debt on a $10,000,000 income.

http://data.worldbank.org/indicator/GC.DOD.TOTL.GD.ZS/countries/1W-US-GB-GR-PT-CY-IT?display=graph
http://www.trade2win.com/boards/foyer/206616-usa-forum-2.html

 

[counter_violent]

I think you must have done very poorly in your mathematics classes, especially in the part about ratios and percentages.

Numbers are inconsequential in reference to percentages and ratios. $10,000 in debt on a $100,000 income is still the same as $1,000,000 debt on a $10,000,000 income.

http://data.worldbank.org/indicator/GC.DOD.TOTL.GD.ZS/countries/1W-US-GB-GR-PT-CY-IT?display=graph
http://www.trade2win.com/boards/foyer/206616-usa-forum-2.html

All you are showing me there is, that the West is losing out to the East. None of us are paying our way. All of us are liable for the debts run up by useless politicians and government.

 

[hhiusa]

All you are showing me there is, that the West is losing out to the East. None of us are paying our way. All of us are liable for the debts run up by useless politicians and government.

You obviously didn't look very close. This is the USA forum. You posted the US debt clock, not the European debt clock so I am comparing apples with apples. What I have shown now and in past posts is that the U.S and U.K debt ratios are comparable even though it's economy is 6+ times bigger. We can also see that Scandinavian countries (with more homogeneous populations) are more prosperous and have very low debt. California is on par with those Scandinavian countries in that it has comparable debt and higher GDP. It represents 80% of the UK economy with 2/3 of the population and 50 times less debt.

It does not surprise me that Scandinavia is doing well. They were the first to enact child protection laws, the first for covil unions and the first for parent-child responsibility. They also have an extremely low homicide rate and generally low crime. Homogeneity tends to sponsor that. I choose there as my 2nd choice. Although as you say, Austria is great too.

It does not show any comparison between the east and the west. Since nobody to post here thus far is from China, the point is moot.

 

[counter_violent]

You obviously didn't look very close. This is the USA forum. You posted the US debt clock, not the European debt clock so I am comparing apples with apples. What I have shown now and in past posts is that the U.S and U.K debt ratios are comparable even though it's economy is 6+ times bigger. We can also see that Scandinavian countries (with more homogeneous populations) are more prosperous and have very low debt. California is on par with those Scandinavian countries in that it has comparable debt and higher GDP. It represents 80% of the UK economy with 2/3 of the population and 50 times less debt.

It does not surprise me that Scandinavia is doing well. They were the first to enact child protection laws, the first for covil unions and the first for parent-child responsibility. They also have an extremely low homicide rate and generally low crime. Homogeneity tends to sponsor that. I choose there as my 2nd choice. Although as you say, Austria is great too.

It does not show any comparison between the east and the west. Since nobody to post here thus far is from China, the point is moot.

This might help...I wasn't talking about Austria.

https://mises.org/about-mises/what-austrian-economics

 

[hhiusa]

This might help...I wasn't talking about Austria.

https://mises.org/about-mises/what-austrian-economics

Through all that, all you picked up on was Austria. Ludwig von Mises was born in the Lemburg, Austria-Hungary. The Austrian school of economics is named after an Austrian. It seems to me like Austria does have something to do with this. Although upon reading part of the article, it reminds me of someone.

Ayn Rand

The moral justification of capitalism does not lie in the altruist claim that it represents the best way to achieve “the common good.” It is true that capitalism does—if that catch-phrase has any meaning—but this is merely a secondary consequence. The moral justification of capitalism lies in the fact that it is the only system consonant with man’s rational nature, that it protects man’s survival qua man, and that its ruling principle is: justice.

https://mises.org/about-mises/what-austrian-economics

They celebrated the contribution of business to society, while doggedly opposing taxes, price controls, and regulations that inhibited enterprise.
...
the first job of an economist is to tell governments what they cannot do.

 

[counter_violent]

Through all that, all you picked up on was Austria. Interesting!

I'm just trying to educate you....I dismissed the rest as drivel.

 

[hhiusa]

I'm just trying to educate you....I dismissed the rest as drivel.

Of course you did because that would involve using your head if you had read anything. Citing a school named after an Austrian proves one of my points.

 

[hhiusa]

Since @counter_violent is for Austrian economics and Austrian economics is for no taxation, pro-business, and the prohibition of regulations that inhibit free enterprise. Transitively we can agree on that. :smart:

Ayn Rand
The moral justification of capitalism does not lie in the altruist claim that it represents the best way to achieve “the common good.” It is true that capitalism does—if that catch-phrase has any meaning—but this is merely a secondary consequence. The moral justification of capitalism lies in the fact that it is the only system consonant with man’s rational nature, that it protects man’s survival qua man, and that its ruling principle is: justice.

Austrian Economics
They celebrated the contribution of business to society, while doggedly opposing taxes, price controls, and regulations that inhibited enterprise.
...
the first job of an economist is to tell governments what they cannot do.