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Old 2011-04-18, 00:16   Link #13113
GundamFan0083
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Join Date: May 2009
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Quote:
Originally Posted by SaintessHeart View Post
I wasn't talking about net transfer of wealth in and out of countries. I was talking about money flow between industrial sectors.

"Sector-orientation" would be a better world to describe the entire situation where a country has a currency which is devaluating (overspecialisation in a certain industrial sector, in US's case is banking and finance) - putting things back to the gold standard is entirely ridiculous because of how fast bills are being paid.
That depends on which gold standard/system you're talking about.
The pre-1914 system worked modestly well while the gold exchange of the 1947-1971 era was abysmal at best.

In fact there is a move by many macroeconomists towards the Special Drawing Right (SDR) monetary unit completely (or partially in some people's opinion) backed by gold (and/or silver, oil, and other precious commodities) exactly for transfer between industrial sectors.
Take Zeollick for example; he's head of the World Bank and he's calling for gold backed SDRs to replace the dollar as a world currency.
I should note that this has nothing to do with Tea Party groups or any "little-people" movements.
The call to return to a new gold backed system is being done by the "giants of industry."

Heck, even the Russians are making noise about gold as a reserve currency.

Quote:
One more problem in many economies is the over-investment into fixed assets - sure they give higher gains in the future but there is no consistent flow of money back into the capital for variable expenditure.

To keep money at "market price" and keep it "floating to competition", one way is to peg the currency to a basket of international currencies and back it by a basket of major corporations and industries around the world. Another solution to the problem, is to returning to the days of bartering.
The problem with that kind of system is that it's entirely based on Keynesian economic theory.Keynes theory was meant for a heavily industrialized society devoid of any environmental concerns.
The US is now a serivce based economy, with considerable necessary pollution restrictions (some unnecessary, but that's outside the scope here) and thus we don't have the industry to compensate for the constant tax hikes, credit/debt creation, and stratospheric inflationary periods that are required to stabilize the fiat money system Keynes suggested during the Great Depression of the 1930s.
When Keynes originally formulated his economic theories it was possible for a government to spend its way out of debt and then repay the debt via industrial production.
However, services cannot perform that function.
Now, the west could go on a massive reindustrialization campaign...that would get us out of this perpetual recession, but the environmental impact would be massive.

Quote:
The Tea Party leaders have good intentions, but they are misrepresented by idiots and supported by victims of panic mongers, soccer moms (in British English they are called "cheap old tarts"), racists and nuts who are mostly factose intolerant.

Btw, the Tea Party is funded by Big Corp - courtesy of David Koch.
All groups have nuts, racists, and bigots in them.
There are no exceptions to that.
Look at the Catholic church, or the Democratic party, or heck even the boy scouts of America.
There are always "bad apples" in every group.

However, we do agree that the Tea Party movement has been bought and payed for by the Koch brothers.
The simple fact that the Tea Party is now supporting Donald Trump is proof positive of that.
For the record here, I hate Trump professionally (I don't know him personally so I can't speak on that) on a level not fit to describe on this boards.
The most polite thing I can say about that man is that he's a corporatist-pig from the lowest level of hell.
Now in private, he might be sweet as a kitten, but I don't know him personally so I can't speak on that.

Quote:
I think we are agreeing on the same thing. But I think Obama attempted the right thing by spending more to keep the economy afloat (but gave the money to the wrong people), because the economy is already near rock bottom, any sudden movement will result in gigantic crash that breaks everything.

The GOP and Dems have to work together, but sudden tax cuts aren't going to help anyone in the long run.

For the past 20 years the world has pretty much enjoyed US's innovation that encourages freedom of thought beyond what is taught in the classroom. I don't think anyone would like to see a "Corporate Century" where the right to think and exchange ideas is constantly being monitored by corrupt governments and ideas are repeatedly stolen for the image of a few.
Here we agree completely.
Obama should have kept his promise...oh wait, he was lying...to the American people:




None of us wants a "Corporate Century" and to be completely honest I'm worried about the direction I see the Western countries going right now.
As the weeks pass the nonsense keeps growing (Libya, oil prices, TSA patdown of 6 year old, etc), but the move towards a police state seems to be growing exponentially in every sector of our society.
I hate to say it but the USA is starting to look like a watered down version of Benito's vision of a corporate controlled world Empire and Europe doesn't seem that far behind.
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