Rob Roy
Well-Known Member
I don't know, the ownership is hidden. What's not hidden is the inflation they create.
Inflation
- Thread starter Offmymeds
- Start date
Jimdamick
Well-Known Member
So, you think the Fed is the cause of the inflation ravaging the Globe now, not the unique problems created as a direct result of COVID-19/20/21/22 or whatever fucking number we're at now.
Even they don't know what to do really (cross their fingers/roll the dice/toss some bones?
)Go to 6:40
Very interesting theory
Can an economy based on Capitalism provide a sustainable/just environment so all citizens can benefit equitably?
Fuck no
Capitalism in its purest form is winner take all & fuck whatever it takes to achieve that.
Morality / justice has no place in that system.
None
This snippet from Wall St is the real reality, not that propaganda BS where we're the Shining Light on some fucking Hill somewhere.
They, those poor (literally) moral fools will lose, again, & greed will win, as it does all the fucking time
Just look around you.
Do you think that raising interest rates the rates will eliminate this situation?
That's where you're going right?
I think the opposite would occur, specifically the burden placed on the middle class with mortage rates & increased credit card rates.
Nothing will affect inflation now, until factory output is regained & the supply chain backlog is eliminated, in other words, a long fucking time (buy gold/crypto
)
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Lucky Luke
Well-Known Member
Finite resources have an ever increase in cost. Get a stake in those and inflation is your friend.
Budley Doright
Well-Known Member
Bout a pound
Roger A. Shrubber
Well-Known Member
https://www.cnn.com/2022/01/27/economy/us-fourth-quarter-2021-gdp/index.html
i think things will normalize, but it'll take another couple of years for it to happen. fixing the supply chain asap would help, it would remove a huge excuse being used to charge much higher prices than last year.
right now, people going back to work wouldn't be a huge help, as they would drive demands even higher than they are now, and give venal, mercenary, profiteering companies another excuse to raise prices, but once the supply chain starts functioning at something close to normal levels, people going back to work would help...it's just a matter of time till the system either self corrects, or the whole world takes a shit....i'm hoping for the self correction...it's a lot easier to fix a system in place than it is to start from scratch in the chaos of a world economic collapse
i think things will normalize, but it'll take another couple of years for it to happen. fixing the supply chain asap would help, it would remove a huge excuse being used to charge much higher prices than last year.
right now, people going back to work wouldn't be a huge help, as they would drive demands even higher than they are now, and give venal, mercenary, profiteering companies another excuse to raise prices, but once the supply chain starts functioning at something close to normal levels, people going back to work would help...it's just a matter of time till the system either self corrects, or the whole world takes a shit....i'm hoping for the self correction...it's a lot easier to fix a system in place than it is to start from scratch in the chaos of a world economic collapse
CunningCanuk
Well-Known Member
Fogdog
Well-Known Member
Interesting point was made toward the end of that bit. Higher wage jobs in the US are deflating due to offshoring of higher end services such as paralegal services. According to the historical summary, the past 40 years have been all about deflating wages of workers and there is nothing more to be squeezed from that part of the population. The aristocracy have neutered unions and held down workers wages while pocketing all productivity gains made since 1980. Now the economic nobility of this age are eyeing the wealth of the bourgeoise and are about to take it too. This is not capitalism, this is oligarchy.So, you think the Fed is the cause of the inflation ravaging the Globe now, not the unique problems created as a direct result of COVID-19/20/21/22 or whatever fucking number we're at now.
Even they don't know what to do really (cross their fingers/roll the dice/toss some bones?
Go to 6:40
Very interesting theory
Can an economy based on Capitalism provide a sustainable/just environment so all citizens can benefit equitably?
Fuck no
Capitalism in its purest form is winner take all & fuck whatever it takes to achieve that.
Morality / justice has no place in that system.
None
This snippet from Wall St is the real reality, not that propaganda BS where we're the Shining Light on some fucking Hill somewhere.
They, those poor (literally) moral fools will lose, again, & greed will win, as it does all the fucking time
View attachment 5075158
Just look around you.
View attachment 5075165
View attachment 5075166
View attachment 5075167
View attachment 5075169
View attachment 5075170
Do you think that raising interest rates the rates will eliminate this situation?
That's where you're going right?
I think the opposite would occur, specifically the burden placed on the middle class with mortage rates & increased credit card rates.
Nothing will affect inflation now, until factory output is regained & the supply chain backlog is eliminated, in other words, a long fucking time (buy gold/crypto
The wealthy class in the US is not about increasing efficiency to serve markets. They are not capitalist. It's an old story that pre-dates Adam Smith. A very small, ultra wealthy class owns most of the resources and see no reason to work hard to produce more than --they-- need. Workers are cheap, so why innovate? If a robot does a better job for less, then good bye workers. If a worker is willing to do the job for less than a robot can, then hello wage slaves. Meanwhile rent goes up. If you don't want to work for less then you can't live under a roof.
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Fogdog
Well-Known Member
Some charts regarding wealth inequity in the US.
GDP per capita has shown tremendous growth in the US
Before 1980, that growth was fairly equally distributed among different wage groups. Since 1980, all benefit has gone to the top 10%, with the lions share of the growth going to the top 0.1%
Money IS power. No wonder our freedom seems to be at risk.
Because we are losing power to a very small aristocracy that intends to make the US an oligarchy that they control.
GDP per capita has shown tremendous growth in the US
Before 1980, that growth was fairly equally distributed among different wage groups. Since 1980, all benefit has gone to the top 10%, with the lions share of the growth going to the top 0.1%
Money IS power. No wonder our freedom seems to be at risk.
Because we are losing power to a very small aristocracy that intends to make the US an oligarchy that they control.
Jimdamick
Well-Known Member
Is that not inevitable following the dogma of Capitalism, eventually the super Alpha wins, controlling/conquering everything he or she wants.
I think it is.
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Fogdog
Well-Known Member
Hence the regulated markets that the wealthy so despise.
Jimdamick
Well-Known Member
That's what makes Conservatives/Republicans so dangerous.
They believe wholeheartedly that restrictions of any type are anti-American and are not needed. They believe that Human nature, i.e. the innate righteousness of Man is enough, laws providing protections are an unnecessary burden and not needed.
I really wonder if they believe that BS.
I think that man's dominate nature is self-preservation, which requires money & it's pretty evident that man will do most anything to acquire it.
Man following a moral compass to guide them in matters of business?
Fat fucking chance.
Jimdamick
Well-Known Member
Here's a typical Conservative Republican's opinion as far as Society's responsibility to aid it's citizens in times of need
FUCK 'EM, yea that's right!! FUCK 'EM!!!!!!
If they can't pull their weight, let them die (or am I missing something)
Sen. Ron Johnson says it's not 'society's responsibility' to care for 'other people's children' while arguing against child-care subsidies for working parents
Wisconsin Sen. Ron Johnson argued against government efforts to make child care cheaper for parents during a visit on Tuesday to Kwik Trip's headquarters in La Crosse.
"People decide to have families and become parents. That's something they need to consider when they make that choice," Johnson told local Wisconsin TV station WKBT. "I've never really felt it was society's responsibility to take care of other people's children."
Speaking to WKBT, Johnson said that he did not support moves by the government to help families find child-care options. Instead, Johnson told the news station that he would support slashing unemployment benefits to get more people back to work and alleviate the ongoing labor shortage.
Johnson has historically not been a supporter of child-care-related legislation.
In May 2021, Johnson remarked on WKOW-TV that he supported slashing Wisconsin's $300-per-week federal unemployment subsidy. During the interview, Johnson pushed back on a suggestion from WKOW-TV host A. J. Bayatpour that many women cannot reenter the workforce because their wages do not cover the cost of childcare.
"Unemployment benefits are not meant to provide replacement wages. That was provided during COVID when it was nobody's fault that they were losing their job or they were being encouraged to stay home so they wouldn't spread the disease," Johnson said.
"Wages are set in the marketplace. Businesses pay what wages they can afford based on the competitive situation, whether it's in a restaurant, whether it's in manufacturing, where they're competing against foreign manufacturers versus domestic suppliers," Johnson added. "I just have greater faith in the marketplace setting appropriate wage rates."
"In general, I don't like to use the tax code for either economic or social engineering. I think we do a terrible job. I prefer a tax code that was simple, that was rational, that treated all income equally," Johnson said in response to a question about the child tax credit.
Moral Compass?
I hope he gets testicular cancer and his gonads rot the fuck off.
That would be justice
Rob Roy
Well-Known Member
I question the need for the Federal Reserve. It's a criminal organization, not based in value for value trade.So, you think the Fed is the cause of the inflation ravaging the Globe now, not the unique problems created as a direct result of COVID-19/20/21/22 or whatever fucking number we're at now.
Even they don't know what to do really (cross their fingers/roll the dice/toss some bones?
Go to 6:40
Very interesting theory
Can an economy based on Capitalism provide a sustainable/just environment so all citizens can benefit equitably?
Fuck no
Capitalism in its purest form is winner take all & fuck whatever it takes to achieve that.
Morality / justice has no place in that system.
None
This snippet from Wall St is the real reality, not that propaganda BS where we're the Shining Light on some fucking Hill somewhere.
They, those poor (literally) moral fools will lose, again, & greed will win, as it does all the fucking time
View attachment 5075158
Just look around you.
View attachment 5075165
View attachment 5075166
View attachment 5075167
View attachment 5075169
View attachment 5075170
Do you think that raising interest rates the rates will eliminate this situation?
That's where you're going right?
I think the opposite would occur, specifically the burden placed on the middle class with mortage rates & increased credit card rates.
Nothing will affect inflation now, until factory output is regained & the supply chain backlog is eliminated, in other words, a long fucking time (buy gold/crypto
The problem is, it's so entrenched to disentangle from it may have painful consequences. Most people are so spoiled they won't suffer short time pain to avoid long term catastrophe. We can't go back in time, but if the Fed had never existed there would have been fewer wars, fewer political assassinations, more free trade, hence a more peaceful world.
As far as interest rates, those are the kinds of things that should be handled between the lender and the borrower and not a third party intervening.
Fuck credit cards, like opium for hooking idiots.
Rob Roy
Well-Known Member
An economy based in taking from Peter to pay Paul is not equitable, it's larcenous. So, I don't like "unfree markets".
I prefer the term "free market" over capitalism, since much of what people point to as "the evils of capitalism" is really some form of crony capitalism. Not a fan of cronyism. It comes with built in injustice.
An actual free market is equitable in the sense that it allows people choices in what they do or don't do, but it doesn't and shouldn't guarantee outcomes.
The word "just" can be subjective.
I think justice is served when everybody gets what they deserve, not necessarily what they "need". For example, let's say you and I both work at the same place and make the same money. Over the years, you invest your money in things that increase your wellbeing and help sustain your
future.
I drink my paycheck up, go whoring and gambling and make poor choices. Would it be just for you to be forced to cover my losses?
I don't think it would. I think you would be victimized. Victimizing somebody is not compatible with justice.
Of course, there's nothing that should ever prevent you from directing your money to any charitable deeds you'd like to support.
Jimdamick
Well-Known Member
I like you.
I don't care what most people in this illusionary path to enlightenment/zero interest on balance transfers for 36 months say.
This World/RIU would be dull without you (Friend just came today with a ball of fucking opium/so I am pretty fucking happy right now)
I LOVE OPIUM!!!!
Next to acid, it's my favorite drug.
Time for a puff or 2 (see ya in a couple
)Stay safe
Rob took the intentionally misleading route as usual. The answer to your question can be summed up as such: in theory yes, in practice no.
He's mistaken to complain about the systemic medium. All of them are a direct representation of the people. If you have good people, the system doesn't matter at all. There could literally be no system and we could enjoy the most pure forms of freedom humanly possible. However, if you have shitty people, then all the system really does is slow down the shittiness a bit. And blaming capitalism or cronyism is exactly what the shitty people want, because the last thing they want is your attention onto them. That's basically libertarianism in a nutshell, deception and deflection by the rich to get the working man to unknowingly advocate for their interests under the guise of freedom, which is why I'd bet that Rob leans libertarian the most of all political systems. If there were another version of Rob that were slightly more aware, Rob² would call that slavery.
He's mistaken to complain about the systemic medium. All of them are a direct representation of the people. If you have good people, the system doesn't matter at all. There could literally be no system and we could enjoy the most pure forms of freedom humanly possible. However, if you have shitty people, then all the system really does is slow down the shittiness a bit. And blaming capitalism or cronyism is exactly what the shitty people want, because the last thing they want is your attention onto them. That's basically libertarianism in a nutshell, deception and deflection by the rich to get the working man to unknowingly advocate for their interests under the guise of freedom, which is why I'd bet that Rob leans libertarian the most of all political systems. If there were another version of Rob that were slightly more aware, Rob² would call that slavery.
PJ Diaz
Well-Known Member
I can understand the allures of libertarianism, but the big problem I have with it is the lack of empathy and support towards others who are struggling. Libertarians (and many Republicans) seem to have this idea that if anyone is struggling, it's due to their poor choices and/or lack of hard work. What these folks seem to forget is that we all have innate advantages and disadvantages which are basically inflicted upon us out of no informed choice of our own.
There's a lot of subconscious narcissism involved with people, so I'm not saying it's just republicans. People naturally use their own lives as the reference for everyone, "I worked hard and was successful, so you must not have worked hard and that's why you're struggling". In reality, people and social issues are a lot more complex than such a simple "observation". Were they actually simple, they'd have been solved centuries ago.
Jimdamick
Well-Known Member
Many Republicans?
Everyone that I know is either a fool or a con man.
The fools fall for the con & the cons bleed them & us dry.
The last good Republican was Lincoln.
As far as Libertarians, to me their antisocial freaks that should get together and buy an island, move there & be truly free.
Let's see how they fair on their own, instead of leaching on the efforts of the many.
Rob Roy
Well-Known Member
Nice word salad.
Tell me more about this new and improved Rob. Is he a hierarchical commie ? A "nonarcho communist"?