Jun 2, 2012 at 17:05:28
“mexicans! what would you expect.”
We didnt start the fire on Jun 2, 2012 at 21:32:30
“WASHINGTON -- Mexico's U.S. ambassador rebuffed claims this week that the country's efforts to reduce the flow of guns from the U.S. to drug cartels in Mexico amounts to an attack on American gun ownership rights.
Seems like The Mexicans nailed it but it doesn't change.”
“ponzi schemes don't work, we can't keep stealing from peter and pay paul, selling insurance to each other, or paying credit cards with refinancing. there are two things that are used to control the economy, fiscal and monetary policy, and its the governments responsibility to enact those policies and the last president to do that was Clinton. economies are not based on fear like wars on drugs, wars on terror, wars in general. the USA could be the biggest Creditor today but nooooooooooooo someone sold us out. now we are the biggest debtor.”
“the fun with this article for me is I am a economics major, I live on a sustainable ranch with no reliance on the economy except for very little tax I pay which pays for things I use anyway and don't mind paying. I don't rely on promises, wishes, religions, salesmen, representatives, government agency, we have a volunteer police and fire department, and enough land for generations to come. for you city folk waiting in line a starbucks paying too much for your coffee using your credit card, and going home to your upside down mortgage working two jobs and still can't see the end of the tunnel, maybe try growing your future next time around. slavery is not the answer.”
FilipeCastro on May 2, 2012 at 21:43:17
“This is one of the most infantile posts I have read in many years.”
dimplasm on May 2, 2012 at 20:57:16
“Does the government pay for roads to get to your ranch?”
othel on May 2, 2012 at 20:40:02
“What is a "..sustainable ranch.." exactly? And how does a "..volunteer police.." department operate? And who were you before becoming "Bob Surfshop"?
Gonzo333 on May 2, 2012 at 19:37:09
artgurrl on May 2, 2012 at 19:09:12
“Right, because the world can sustain everyone having a farm to work.”
“most shareholders are in the form of mutual funds from employee retirement plans. we are a consumer economy which means we have to spend and carry debt. if you are looking at this as a model you soon realize that it can not perpetuate. there is a means to the end, economic collapse.”
annyp on May 2, 2012 at 19:46:24
“Mutual funds are a real mix of every industry. The poor person in these funds is hit with so many fees, that their pension ends up being discounted. I was talking about large shareholders like banks and foreign investors, where sometimes a dividend is paid. You know what happens when earnings go down, boom, their stock price goes down. These corporations have to cut and cut to maintain their large shareholders. But then reward themselves with a big bonus.”
“Debt Inequality has no meaning in an economy, maybe sociology. If this article is about sociology and the difference between rich and poor, what a Cliché. Now if the article said that the rich are owning the poor through debt and making them work more than one job and making it harder to repay the debt, well thats slavery. what people need to understand is that: monies are only backed by a promise, stocks in a company are only worth what you can sell it for and annual dividend if any; if the company no longer is of worth, the stocks no longer have worth, property can loose most of its value and there is only so much insurance to back it all up, in other words, if you walk away from your promise, close our businesses, which in turn, no monies to lend as mortgages, causing property values to loose most of there values, you have a total economic collapse. life dangling from a string right!”
troutster on May 2, 2012 at 20:10:27
“Yes but, at least we have plenty of religion...the opiate of the people.
DismayedRepub on May 2, 2012 at 20:00:41
“This is just a modern spin on Share Cropping. The mortgage is the modern equivalent to the Crop Lien. If people had paid attention in history class they might have recognized what too much debt would do to them. It can have more than a passing similarity to serfdom or indenture. Everybody’s going serfing, serfing USA.”
Shanon White on May 2, 2012 at 18:58:52
“I don't see how that's true. In third world economies where life is hellish for most people there is often a ton of wealth lots of resources and enough available for everyone to live well, but the distribution is completely ridiculous.”
artgurrl on May 2, 2012 at 18:57:06
“You're right, we have economic slavery and indentured servitude in this country all caused by the rich owning the poor and middle class. And, it's getting worse.”
Erudite2U on May 2, 2012 at 18:51:21
“We're almost there Bob. End of summer, pre election, Dow above 14,000 after FB IPO, student loans and business debt defaults will push it over the edge.
Tis' true... peonage is a reality as of the last decade. Folks are too preoccupied and not educated enough to see it.”
“the purpose for debt is to grow an economy. when your debt is growing while the economy is shrinking and the prime rate is a zero, how do you proceed? which policies do you enact? prime rate can't go negative, raising taxes on stagnant wages, leaves only selling more monies. but who's buying the Dollar? and if we fault on the Dollar? for the laymen out there it's like this: we can't keep stealing from Peter to pay Paul. Madoff tried to do it and he got life in jail!”
J T K on May 2, 2012 at 18:17:57
“Except you have somewhat of a paradoxical problem. Runaway government, mainly military spending, made the government too large for the population to reasonably support, but if you cut the budget it will further hurt the economy, albeit while helping ease the debt crisis.
In terms of the prime rate, it would seem counter-intuitive but keeping the rate at zero hasn't worked so the fed should rate the rate float. I realize this would make borrowing money a lot more expensive but trying to starve the savers into spending hasn't worked, it's just gotten people to clam up even more and spend less because they aren't making any money on interest, money they might spend. Honestly, at this point what's the worst that could happen by trying that.”
“inflation is a necessity if there is debt, its the method to pay off debt, but the current economy with its o% prime rate is just trying to keep the economy alive which in turn is keeping out investment monies and hurting businesses and ultimately wages (people). if we keep pumping monies into a dying economy what do you expect to happen. the fault is our government officials monetary and fiscal policies.”
ThePeacemakers on May 3, 2012 at 21:56:50
“"...but the current economy with its o% prime rate is just trying to keep the economy alive which in turn is keeping out investment monies and hurting businesses and ultimately wages (people). "
The biggest businesses are reported to be sitting on at least $3 Trillion "cash". The exec pay (wages ) has grown at a tremendous pace over worker wages over the last few DECADES. The problem is the monetary and fiscal policies...true. TRICKLE DOWN ECONOMICS doesn't work.”
ThePeacemakers on May 3, 2012 at 17:34:21
“The government officials don't have policies. They do what they're told by their biggest campaign contributors.”
mbi11 on May 2, 2012 at 17:49:03
“Low interest rates can do just so much, it was called
'pushing on a string' during The Great Depression. It won't alone get the economy going if business men don't have confidence to invest. Oddly, inflation will stimulate investment for a time. It adds to the overall return as what seems are higher revenues come in against a fixed investment and a higher returns results. As we learned during the Carter/Nixon years inflation is a beast and difficult at times to control.”
“it's basic economics: monies circulate from bank to businesses to people back to businesses back to banks, cycle after cycle.....but when monies stop circulating or just circulate in one of the areas mentioned above, well the economy dies......its up to our government officials to make proper fiscal and monetary policies.......but they have failed..........rich or poor, it's all of our economy and ultimately we have to pay.........there is one thing we can do, sell the USA to the highest bider and foreclose on it and make the local sheriffs office confiscate it back!!!!!!!!!!!!sweet idea huh?”
bordway on May 2, 2012 at 16:51:04
“Ultimately, those who have profited most can afford to pay the most.”