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This is a discussion on Economy within the Current Events forums, part of the Debates & Discussion category; and i also suppose, you don't believe in life after dead... so were all just F**k...ed....

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  #21  
Old 03-25-08, 04:59 PM
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Default Re: Economy

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and i also suppose, you don't believe in life after dead... so were all just F**k...ed.
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  #22  
Old 03-26-08, 01:58 AM
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Default Re: Economy

I never said that. But I certainly don't believe in any organized religion. I do believe in a spirit and energy that is eternal.

So, we're not quite F**k...ed...


btw, we're way off topic here.


The banks own the country. There is no law requiring your to pay your income tax.
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  #23  
Old 03-26-08, 06:29 AM
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Default Re: Economy

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Originally Posted by Hatchet View Post
I never said that. But I certainly don't believe in any organized religion. I do believe in a spirit and energy that is eternal.

So, we're not quite F**k...ed...


btw, we're way off topic here.


The banks own the country. There is no law requiring your to pay your income tax.
so then don't pay it... and we'll see you behind bars... then what? your free then? lol.. jail bird...
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Old 03-26-08, 12:35 PM
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Default Re: Economy

lol u so funnee!


If you have an hour and a half, give this a view.



edit: lol, beautiful screen shot for it.
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  #25  
Old 03-26-08, 12:57 PM
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Default Re: Economy

Okay, I know a tad about economics, and what is happening now is exactly what they intended to happen. The media is stupid, so trust the economists instead.

1. Inflation is indicative of economic growth and employment. You get the most inflation when the economy is actually growing too fast. Either that, or when a government just starts printing loads of money, which ours isn't.

2. We want our money to be inflated because inflation makes paying of debts easier. This is important because of the mortgage crisis and because of our overwhelming national debt.

3. When you devalue the dollar, you make our products more expensive to us, but also cheaper to foreign countries. This means that Americans will consume less (which is good, because we're terribly in debt), but it also means that foreign countries will start to buy from us, as our goods are relatively cheaper. Basically, we turn from an importer to an exporter, which also means more jobs, less outsourcing, etc...

Outsourcing occurs when countries get rich. Politicians tell you that its bad, but it really means that you're doing well.

Closing points...

A. Never Trust the media.

B. The fed is America's economic Savior. The President (and not just G. Bush, Hillary and Obama will be bad too) is the guy who crashes it. Bill Clinton was a good president economically because he didn't do anything.

Last edited by jol; 03-26-08 at 01:01 PM.
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  #26  
Old 03-26-08, 03:25 PM
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Default Re: Economy

Quote:
Originally Posted by jol View Post
Okay, I know a tad about economics, and what is happening now is exactly what they intended to happen. The media is stupid, so trust the economists instead.

1. Inflation is indicative of economic growth and employment. You get the most inflation when the economy is actually growing too fast. Either that, or when a government just starts printing loads of money, which ours isn't.

2. We want our money to be inflated because inflation makes paying of debts easier. This is important because of the mortgage crisis and because of our overwhelming national debt.

3. When you devalue the dollar, you make our products more expensive to us, but also cheaper to foreign countries. This means that Americans will consume less (which is good, because we're terribly in debt), but it also means that foreign countries will start to buy from us, as our goods are relatively cheaper. Basically, we turn from an importer to an exporter, which also means more jobs, less outsourcing, etc...

Outsourcing occurs when countries get rich. Politicians tell you that its bad, but it really means that you're doing well.

Closing points...

A. Never Trust the media.

B. The fed is America's economic Savior. The President (and not just G. Bush, Hillary and Obama will be bad too) is the guy who crashes it. Bill Clinton was a good president economically because he didn't do anything.
I would say to an extent. Inflation is considered healthy if its at an annual 3-4%.

I'm confused about inflation making it easier to pay off debts. Maybe to the average person trying to pay off their mortgage, as you said. But, doesn't that just hurt banks in the long run?
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  #27  
Old 03-26-08, 04:22 PM
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Default Re: Economy

i'll watch that after i attend this funneral... ttyl guys.
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  #28  
Old 04-08-08, 06:47 PM
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Default Re: Economy

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Originally Posted by Danger View Post
I would say to an extent. Inflation is considered healthy if its at an annual 3-4%.

I'm confused about inflation making it easier to pay off debts. Maybe to the average person trying to pay off their mortgage, as you said. But, doesn't that just hurt banks in the long run?
Yes, that is pretty much true. It is really just a balance between inflation and unemployment, and the government kind of sucks like that.

Yes, basically inflation takes money away from the rest of us. It is bad for people who are trying to save money, but good for people who like to spend it.

The purpose of the adjustable-rate mortgage was so that inflation wouldn't hurt banks. How ironic that now we have to increase it in order to solve the problems that banks created. It doesn't really matter though, because the banks deserve to lose the money, quite frankly.
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