iOS app Android app
Clicking Follow Back will add user to your friends list and may allow access to your Social News timeline..

HuffPost Social News

Badges:
Your Badges and the Badge Module will be removed from your profile

bc231's Comments

View Comments:   Sort:
next
1 - 25
The Economy Is Growing -- But Jobs Aren't Following

The Economy Is Growing -- But Jobs Aren't Following

Commented Nov 1, 2010 at 16:35:33 in Business

“Does un-backed money printing create wealth or meaningful long-term jobs? The answer is no. Imagine every worker in the US wakes up in the morning to find a bag of $1 million at the front door - a gift from uncle Ben to enjoy. How many workers will show up for work on that happy day? Very few if any.

Now imagine a different gifting, where corporations and bankers are given trillions in free cash by uncle Ben, either by goosing the stock market or backdoor cash infusion. They no longer have any incentive to hire workers increase production or sales. They may even reduce production and discharge labor - why work so hard when the stock market is going up everyday. Trillions of flash cash printed and injected into the market to create flash prosperity, is this what we called the economic growth??

Since everyone is addicted to gambling, spending and not working hard, suddenly, output falls dramatically. The result is a fall on exports and sharp rise in imports from China, not forgetting devaluing our dollar and hyperinflation.

Adding nail to the coffin is Globalization. Someone else in this planet is always willing to work longer hour for less to make things cheaper and better than us…. We better wake up, or we have a long hard road in front of us.”

oldcliche on Nov 1, 2010 at 17:23:40

“Amen to that. The Fed is handing out money for 0% interest. Why would financial institutions risk anything to lend it out to consumers when they can sit on it for a simple 4-5% return on their investment?”
Mortgage Damage Spreads: Big Bank Stocks Hit Again As Modern Finance Collides With The Legal System

Mortgage Damage Spreads: Big Bank Stocks Hit Again As Modern Finance Collides With The Legal System

Commented Oct 16, 2010 at 20:42:30 in Business

“Pure phoney gestures on the "big fines".....Fines for civil fraud never amount to anything. If someone want to do a financial crimes milking billions of dollars, a big fine is like paying a small commission for the crime....just look at Goldman Sach paying a fine for their wrong doing, it is a joke..., white collar criminals just figured in the fine as part of their business expense.... there is no teeth to it.

To stop these financial crimes, we should be like China, put some of these financial criminals in front of hte firing sqaud.”
Mortgage Damage Spreads: Big Bank Stocks Hit Again As Modern Finance Collides With The Legal System

Mortgage Damage Spreads: Big Bank Stocks Hit Again As Modern Finance Collides With The Legal System

Commented Oct 16, 2010 at 19:50:39 in Business

“Why nobody from the Countrywide went to jail for all their fraudulent practices?? Nobody got prosecuted.... Why are they being protected by this administration and by whom?”

tangolas on Oct 16, 2010 at 21:09:24

“you were never supposed to know. cats out of the bag now. soon there will be blood.”

mixnmatch on Oct 16, 2010 at 19:52:57

“I guess you missed the story about the big fines Countrywide just agreed to ...in the SEC civil fraud case.”

blurredmolly on Oct 16, 2010 at 19:51:48

“Nobody in the top 2% go to jail.”
huffingtonpost entry

The Fed's New Bubble (Masquerading as a Jobs Program)

Commented Oct 16, 2010 at 19:05:22 in Business

“Does un-backed money printing create wealth or jobs? The answer is no. Imagine every worker in the US wakes up to find a bag of $1 million at the front door - a gift from uncle Ben to enjoy. How many workers will show up for work on that happy day? Very few if any.

Now imagine a different gifting, where corporations and bankers are given billions in free cash by either goosing the market or backdoor cash infusion. They will no longer have any incentive to hire workers increase production or sales since insiders will all be too busy cashing out. They may even reduce production and discharge labor - why work so hard then...

Since everyone is addicted to spending and not working hard, suddenly, output falls dramatically. The result is a fall on exports and sharp rise in imports from China, not forgetting devaluing our dollar and a hyperinflation. Maybe blaming and forcing China to revalue their currency (dilute our debt to them) might do the job, but doubtful the Chinese will let you melt away their hard earned dollar reserve without a devastating trade war, which we are in such a weak position to win.

Adding nail to the coffin is Globalization. Anything you can do or make, someone else can make it cheaper and better… Unless we as a country evolved into something better or have another big technology breakthrough, our future is very worrisome.”

Genders on Oct 16, 2010 at 20:41:16

“Investing in Infrastructure has an ROI in the first year of about 1.7x. over time it's huge: how much is the freeway system worth? How much is education worth? how much is fire and police worth. You have it totally wrong.”

nhfarmer on Oct 16, 2010 at 19:28:50

“bc231: "Adding nail to the coffin is Globalization. Anything you can do or make, someone else can make it cheaper and better…"

Not true, because most modern components are not cheaper in other countries. Only labor is cheaper. For example, Apple and its US-based component suppliers are receiving something like ninety cents of every dollar of Apple's products' factory costs. It doesn't matter to them where the product is assembled. Their strategy just destroys some assembly jobs in the USA.”

Genders on Oct 16, 2010 at 19:08:30

“"Does un-backed money printing create wealth or jobs?" Yes if the money is spent on main street infrastructure and green energy upgrades, which save money in the long run. If spending on WWII revived the economy, think what money spent on productive things could do.”
Job-Creation Idea No. 10: A Lower Dollar Would Level The Playing Field

Job-Creation Idea No. 10: A Lower Dollar Would Level The Playing Field

Commented Oct 15, 2010 at 13:20:57 in Business

“Does un-backed money printing create wealth or jobs? The answer is no. Imagine every worker in the US wakes up to find a bag of $1 million at the front door - a gift from uncle Ben to enjoy. How many people will show up for work on that happy day? Very few if any.

Now imagine a different gifting, where corporations and bankers are given billions in free cash by either goosing the stock market or backdoor cash infusion. They no longer have any incentive to hire workers, increase production or sales since as insiders (shareholders) are just too busy cashing out. They may even reduce production and discharge labor - why work so hard then...

Since everyone is addicted to spending and not working hard, suddenly, output falls dramatically. The result is a fall on exports and sharp rise in imports from China, Korea..., not forgetting devaluing our dollar and a hyperinflation. Maybe blaming and forcing China to revalue their currency (dilute our debt to them) might do the job, but doubtful the Chinese will let you melt away their hard earned dollar reserve without a devastating trade war, which we are in no position to win.

Adding nail to the coffin is - Globalization. Anything you can do or make, someone elsewhere can make it cheaper and better… Unless we as a country evolved and have a complete structural change, the future America look pretty grim.”
Wall Street May Break Pay Record -- Again

Wall Street May Break Pay Record -- Again

Commented Oct 12, 2010 at 13:07:58 in Business

“How many financiers do you think ended up in jail after America's Savings and Loans scandals? The answer can be found in a fascinating, old report from the US Department of Justice*. According to some of its records, between 1990 and 1995 under Regan Administration no less than 1,852 S&L officials were prosecuted, and 1,072 placed behind bars. Another 2,558 bankers were also jailed, often for offenses, which were S&L-linked too. (Google it up..)

The monetary loss of S&L scandal is not even 1% of the fraud committed by the recent Wall Street induced financial collapse. With trillions swindled, life savings destroyed, and banksters lining their pockets by deceptive trading, up to now, not even one person went to jail for all their criminal deeds, and now they are openly flaunting their ill gotten fortune. We have become more corrupt than China.

It looks like BHO economic advisors, inner circles etc. are quietly protecting and enriching these banksters all along with backdoor bailouts, while giving American middle class the finger. Since their Wall Street buddies are now safe from prosecution and their piggy banks overflowing. Mission accomplished...the foxes guarding the hen house have done their job, and a lot of them are jumping ship to enjoy their rewards at the private sectors. Hope justice prevail and all these sold-out career politicians get voted out next month !!”
Rand Paul And Jack Conway Face Off On Spending Cuts, Education (VIDEO)

Rand Paul And Jack Conway Face Off On Spending Cuts, Education (VIDEO)

Commented Oct 11, 2010 at 22:46:38 in Politics

“Anybody who vows to tackle State and Federal out of control spending and go after salary abuse on pension and OT will get the vote. Public employees are vowed to serve the public, they are not in the business of gaming the system and enriching themselves.....Public sectors have more job security as opposed to the private sectors.

Imagine some policemen now in San Francisco getting 200-300 grand per year with all the OT plus all the perks and early retirement in the 40's, same as some fire fighters. A lot of city managers in California are getting ranging from 200-300 grand, even much more in some Bay Area counties, what kind of work are they doing that is worth that kind of money for being a public servant?? No wonder Calfornia and many similar States are going broke, with all these abusive public employees quietly sucking the system dry. Anyone, who is able to cut down salary abuse by public employees will get the votes - Dems or Repubs alike.”

ahumbleopinion on Oct 11, 2010 at 22:53:59

“And what to private sector employees with comparable responsibilities in CA earn?”

ok so now what on Oct 11, 2010 at 22:50:56

“Oh, so people who actually DO something for a living are getting paid too much, but out-of-control CEO salaries are untouchable?”

veritas aequitas on Oct 11, 2010 at 22:50:09

“F&F”
White House: No Need For National Foreclosure Moratorium

White House: No Need For National Foreclosure Moratorium

Commented Oct 10, 2010 at 18:13:36 in Politics

“Our country is going into this slippery slope of even suggesting foreclosure moratorium. Then why not moratorium on car payments, credit card payments, and the list can go on and on. This also means, if we vote for a government that encourages all these moratoriums and bailouts, then we as a nation really do not have to work hard or to be responsible for anything anymore.

There are of course legit concerns of bank bad foreclosure practices, but let be real, there are also tons of fraud on the buyers part, and overextended greedy flippers operating on the borderline of fraud. It seems like whereever where you go, the shopping malls are full of people spending... looks like boom time... if you have very little financial responsibility,

The flip side is that our economy, housing industry, car industry, etc, etc, will eventually shut down. Which business wants to give loan when they have no means to enforce payment? Which country wants to lend us any more money, when they see the people of USA as a bunch of deadbeats?”

StevieRae on Oct 10, 2010 at 18:23:52

“Given the emotions evident so far, your viewpoint is out of sync. The villagers are out for blood and they haven't even considered the consequences. Market values of homes dropped from an inflated level by several trillions. One third of mortgage payers are under water. This is a critical segment of our economy and while we may want to get tough (justifiably), by delaying foreclosures and sales, it will mean the recovery may extend 15-20 years.”

NHGranite on Oct 10, 2010 at 18:17:20

“You are leaving out the biggest component, the fraud in the packaging of bad notes with good and insuring them all as AAA. How do homeowners get blamed for that giant casino? THEY DON'T”

probo on Oct 10, 2010 at 18:16:18

“say hello to karl.”
Unemployment Rate Steady In September, Recovery Losing Momentum

Unemployment Rate Steady In September, Recovery Losing Momentum

Commented Oct 8, 2010 at 13:02:04 in Business

“Does un-backed money printing create wealth or jobs? The answer is no, but instead it might destroy wealth. Imagine every worker in the US wakes up in the morning to find a bag of $1 million at the front door - a gift from uncle Ben to enjoy. How many workers will show up for work on that happy day? Very few if any.

Now imagine a different gifting, where corporations and banksters are given billions of dollars in free cash by uncle Ben, either by goosing the stock market or backdoor cash infusion. They no longer have any incentive to hire workers increase production or sales since the insiders (shareholders) are too busy cashing out. They may even reduce production and discharge labor.

Since everyone wants to spend and not work, suddenly, output falls dramatically. The result is a fall on exports and sharp rise in imports from China, not forgetting a drastic devalue of dollar and a jump in inflation.

Adding nail to the coffin is Globalization of everything, anything you can do or make, someone else in this planet is willing to working longer hour for less and make it cheaper and better… Unless we as a country evolved into something better or have another big technology breakthrough, the future of American workers and their offspring do look very very grim.”
Obama Will Not Sign Bill Seen As Cover For Bank Foreclosures

Obama Will Not Sign Bill Seen As Cover For Bank Foreclosures

Commented Oct 7, 2010 at 15:31:10 in Business

“BHO has let the foxes guard the hen house throughout his term. Now all his economic advisers, chief of staff, etc. etc, are all jumping ship to enjoy the rewards from their buddy "private sectors".... as their buddy banksters / Wall Street have been enriched more than ever, protected and are safe from all the criminal persecution. Mission accomplished... the horses have left the barn and the middle class are left in the dust bin.. what is the use of this kind little gesture now from BHO??”

amluvinit2 on Oct 7, 2010 at 15:38:29

“You crack me up. He has accomplished quite a bit despite fox news, rethugs, and teabaggers lunatics.”

STi413 on Oct 7, 2010 at 15:33:54

“LOL So that's the rethug response: Too little too late? It's been less than two years. Yet you all keep acting like he's been forcing 'socialism' down our throats for 8 years. Ha!”

rchwel on Oct 7, 2010 at 15:32:27

“GET LOST TROLL !”
Jerome Kerviel, Rogue French Trader, Sentenced To Jail, Hit With $6.7 Billion Fine

Jerome Kerviel, Rogue French Trader, Sentenced To Jail, Hit With $6.7 Billion Fine

Commented Oct 5, 2010 at 13:27:17 in Business

“How many financiers do you think ended up in jail after America's Savings and Loans scandals? The answer can be found in a fascinating, old report from the US Department of Justice*. According to some of its records, between 1990 and 1995 under Regan Administration no less than 1,852 S&L officials were prosecuted, and 1,072 placed behind bars. Another 2,558 bankers were also jailed, often for offenses, which were S&L-linked too. (Google it up..)

The amount of monetary loss of S&L scandal is not even 1% of the fraud committed by the recent Wall Street induced financial collapse. This shows how corrupt, fraudulent and absurd our political system is. With trillions and trillions swindled, life savings destroyed, and banksters lining their pockets by deceptive trading, up to now, not even one person went to jail for all their criminal deeds. We are becoming more corrupt than China.

It looks like BHO economic advisors inner circles etc. are protecting and enriching these banksters all along. Since all their banksters buddies are now safe from prosecution and their piggy banks overflowing. Mission accomplished...the foxes guarding the hen house have done their job, and now they are all jumping ship to enjoy their rewards at the private sectors.
Just remember to vote out all these sold-out career politicians next month !!”

GeoNorth on Oct 5, 2010 at 13:41:16

“I worked for a person who also owned a S&L. Though his bank was investigated, there was a missing $40M that was never accounted for. He went to jail in a related situation for bribery. He got five years. Someone I worked for, who only knew the history of the town and its families, suspected that the money was stashed in Portugal. When the boss got out of jail for good, he and his wife boarded a plane for...Portugal. They've never been back.

This current bunch don't get investigated. They don't get charged. They get bonuses.”

cosmos on Oct 5, 2010 at 13:36:02

“Excellent post.

*fanned*”

phazeroftruth on Oct 5, 2010 at 13:35:59

“How many of those were top level people that influence policy, organizational culture, etc.? Probably 0.”

foolme1ns on Oct 5, 2010 at 13:34:32

“Its the republicans who have been protecting the banksters, starting with Bush's bailout hold up when the basically said to the country "your money or your life". That was the biggest street mugging ever perpetrated. The United States President held up the whole country to bail out his banker buddies. The republicans have continued to obstruct justice and protect the criminals ever since then.

They don't want to provide one dollar to the citizens but are willing to give trillions to the banksters.”
Christine O'Donnell Knocked By Hosts For Backing Out Of Sunday Shows (VIDEO)

Christine O'Donnell Knocked By Hosts For Backing Out Of Sunday Shows (VIDEO)

Commented Sep 20, 2010 at 14:05:16 in Media

“Here we go again with our utterly shameful and useless media…whatever O’Donnell did is 100 times better than what the career politicians (CP) both Dems and Repubs are doing now to this country. When the Wall Street banksters sold fraudulent instruments globally and wipe out tens of trillions of middleclass wealth, they not only enrich themselves but also destroyed and hurt the livelihood of millions, so far not even one person has gone to jail. Where is the media and CP now on top of all this?

As long as O’Donnell is willing work for the people, do we really care what she did in her high school years? For decades, we have seen time and again these clean-cut pedigree church going CP doing just dog and pony shows in Congress, hoping that the voters are dumb enough to overlook and forget all their betrayals and their sold out votes to their cronies and pay masters.

Voters are really mad, hopefuly they will vote out all these career politicians this coming November.”

Handyman2 on Sep 20, 2010 at 16:26:27

“Yes, but replacing "CP"s with incompetent idiots is going to achieve a better result?

Your concerns would have some merit if the candidates being supported demonstrated at least some level of competence.”

Reiziger on Sep 20, 2010 at 15:39:33

“Let's see....when some poor b@stard decides to serve his country - that is, "work for the people" - by taking a civil service post, he's castigated as being a useless, selfish, lazy federal employee. When a crackpot fringe political & religious activist continually seeks to have other people (campaign donors, friends, unpaid student loans, &c.) pay her way to an elected office, you call that being "willing to work for the people."

You've got some majorly messed up standards there, pal.”

ngannon on Sep 20, 2010 at 14:44:01

“Doesn't sound like a good idea to vote people into office because they are clueless and have no idea how government works. What other position in the world would you want filled by the least qualified; the most ignorant and unexperienced person? If you don't like your rep. vote for someone you like better but not for someone whose only qualifications are the ability to get media attention and to appeal to the basest, lowest emotions that people have. The idea of my government being run by people who are just media freaks is pretty scary. Obviously someone else would be telling them how to vote- and you have no idea who that person is but I am sure that they would represent big money and corporations- we would be much worse off that we are now.”

BrutusHonestus on Sep 20, 2010 at 14:43:16

“"O'Donnell is willing [to] work for the people" . . . DOING WHAT?

This is the whole point. Give us more than platitudes about "reigning in spending" and "getting government oput of people's lives."”

RTFanatic on Sep 20, 2010 at 14:42:59

“Point taken, but if she is really "for the people," as you suggest, why has she been taking campaign funds for personal use? Doesn't sound like something a "populist" would do. Just askin'.”

sprootles on Sep 20, 2010 at 14:09:37

“Yeah, because being 'really mad' and acting out of anger is really a great thing.”
Obama Names Elizabeth Warren To New Post Setting Up Consumer Protection Agency

Obama Names Elizabeth Warren To New Post Setting Up Consumer Protection Agency

Commented Sep 17, 2010 at 17:45:45 in Business

“Wonder how much she would help since the foxes guarding the hen houses have killed almost all the hens....Wall Street has made its biggest killing and paid themselves the biggest bonus since they almost collapse the country in 2007. Hope this is not BHO administration another anticlimax gesture...hiring Warren as an advisor, then ignoring her like Paul Volker.

People are outright mad of all the lies and betrayals by all these sold-out career polticians. Would not be suprised that a lot of Dems / Repubs / Independents are quietly supporting and voting for the Tea Party, as they are just sick to the stomach on what is going on in this country... nothing can be worse than what these career politicans and their cronies for decades are doing to this country, as they are simply bring this country down to its knees.”

gransview on Sep 17, 2010 at 17:51:52

“baloney”

Chernynkaya on Sep 17, 2010 at 17:46:46

“Yeah--good luck concern trollie.”
O'Donnell Hauls In $1 Million, Coons Takes In $125,000

O'Donnell Hauls In $1 Million, Coons Takes In $125,000

Commented Sep 16, 2010 at 19:06:07 in Politics

“The mood of the voters in this country is outright mad. The career politicians (Dems or Repubs) have done little for this country except enriching themselves, their cronies and their paymasters. Now the voters are seeing this country in rapid decline and going under, and they want all these entrenched politicians out - all of them. Votes are just sick and tired of the dog and pony shows by these career politicians and their shills in the media.

Our political system has almost become like the old Soviet Union politico bureau, with a small group of people rotating around Washington D.C. and having power for life, and people are lied to and treated just like pawns during each election time, pitting one group against another just to divide them and gain power.

Politicians are public servants signed up to work for the people, they are not supposed to wield power over the people, or to create bigger and bigger bureaucracy with endless control mechanism placed over the people. Coming November seems like the voters will even vote for the guy next door just to kick out the entrenched politicians.”

WaveRhydr on Sep 16, 2010 at 19:09:13

“bc, you went and got yourself fanned & faved. Agree completely.”
AP Poll: Republicans Pulling Further And Further Ahead Of Democrats

AP Poll: Republicans Pulling Further And Further Ahead Of Democrats

Commented Sep 16, 2010 at 13:07:13 in Politics

“The mood of the voters is very angry, as they blame the Career Politicians (CP) for bringing this country into this very sad state. The voters have seen America in rapid decline and nothing really has changed, and voters want CP all out! How can you vote for the same CP again and again, and expect things to get better?

Politicians and some shameful TV pundits tend to forget that the power of the government comes from the people. Public servants signed up to work for the people; they are not to wield power over people by creating layers of layers of bureaucracy and enriching themselves and their cronies. We have seen again and again CP doing just dog and pony shows, hoping that the voters are dumb enough to overlook and forget all their betrayals and their sold out votes to their pay masters.

If nothing is being done, USA will turn into the old Soviet Union politico bureau, with just a small group of people rotating and holding power for life. What follows is always bigger bureaucracy being created, and control mechanism being placed on the people to expand their power and money interest. JUST REMEMBER IN NOV TO VOTE OUT ALL THESE CAREER POLITICIANS (DEMS & REPUBS) !!”

TggerJen on Sep 16, 2010 at 13:29:20

“Fanned and faved! We can have 100% turnover in the House this election and 34% in the Senate. We can have a lot of new Governors too. It's time to stop sending the people who do so much damage back to do more damage at our expense.”
Republicans Put All Their Chips On The Tea Party Table

Republicans Put All Their Chips On The Tea Party Table

Commented Sep 15, 2010 at 10:20:28 in Politics

“Seems like the people are really mad about what is going on in this country, they have been lied to, rammed through, and the middle class have really no voice in what's at stake. People feel the entire government (State and Federal) needs to hit a refresh button and a change of complete new blood, at least give it a chance to work and flush out all the entrenched interests, corruptions and complete disrespect for the people.

How can this country reverse itself from this sad state, if we kept on voting the same old career politicians again and again and expect a different result? Don't even know who this Mike Castle of DE is.... but just can't believe this dude is in its 9th term. All these entrenched career politicians in our country resemble the old Soviet Union politico bureau, with the same group of people holding power for life, and you can see how corrupt the Soviet Union was and still is now. This is not what our founding father George Washington wants.... Americans are waking up that if they don’t vote out all these career politicians (both Dems and Repubs), there will be little hope for them and generations to come.”

Annintexas on Sep 15, 2010 at 10:26:17

“That was a large factor, for sure. And look how those politicians are behaving, too. None of them can even accept a loss graciously.”

ThunderclapNewman on Sep 15, 2010 at 10:25:07

“What absolute nonsense, from start to finish.”

scooperss on Sep 15, 2010 at 10:22:11

“Didn't castle take over when biden left? hardly a ninth term then.”
Obama's Latest Stimulus Plan Gets Panned By Krugman

Obama's Latest Stimulus Plan Gets Panned By Krugman

Commented Sep 7, 2010 at 14:31:52 in Business

“There was never a problem of lack of capital in this country. In the past the Fed can funnel backdoor printed money to buddy banksters, or the stock market can be goosed up to replenish the coffer of corporate USA, or interest rate lowered to prop up the housing market, etc... In reality the Fed can create even 10 trillion out of thin air and find a way to distribute these money into the system. However, it will not work this time, and the so-called "trillions of idle money sitting on the sideline" means nothing, as most economists fail to understand that the real killer of our economy is - GLOBALIZATION.

Now with trillions pumped into the system there is really nothing to show for, as companies know that there is no way they can invest in any of these "sideline" money, to produce anything that can sell for a profit in this global market.

The real economy might is a country with its people willing to work hard and create real goods that are useful (like Germany or China). The rest of the emerging world + Germany have 18x our customer set, and they are trading & feeding off each other while leaving the US further behind in the dust.

As a new start to save us from a total collapse, we need to vote out all those sold-out career politicians (Dems or Repubs) this coming November....”
Future Hiring Will Mainly Benefit The High-Skilled

Future Hiring Will Mainly Benefit The High-Skilled

Commented Sep 6, 2010 at 14:33:00 in Business

“The grim reality is that very little meaningful jobs will ever be created in this country unless we do a complete structural change on our system. Corporate USA have found out long time ago, that it is much easier to engage in the lazy economy and make millions/billions with bailouts from government, or by simply manipulating the stock market with a click on the computer screen. Instead of investing in the real economy hiring millions of workers to make something valuable (like Germany), most USA companies choose the lazy economy. This is the easiest and the fastest way to make a huge profit; such as Apple, HP, etc., they all have become importers like Walmart.

Often heard gullible remarks like " there are tons of money sitting on the sideline to be invested and recovery is just around the corner”…. . Why would anybody want to invest in this country when they can invest overseas on the cheap and just import for a big profit ??

Just remember this coming November to vote out all those sold-out career politicians (dems or repubs) so we have a check and balance in this country...”

MoreDimensions on Sep 6, 2010 at 14:43:47

“yes, we have widespread systemic problems and need to start addressing them”
Obama Blasts GOP, Calls For $50 Billion Infrastructure Plan For Roads, Rail, Air Travel

Obama Blasts GOP, Calls For $50 Billion Infrastructure Plan For Roads, Rail, Air Travel

Commented Sep 6, 2010 at 14:00:59 in Politics

“It is not very difficult to understand that deflation is based on you can print money forever, and people accepting your paper money and give you tangible assets in return. If people are reluctant to accept your paper money, commodities becomes currency and a loaf of bread will cost $50.00 instead of $5.00, this is where inflation comes from. There are 6 billion people on this planet competing with us for the same resources,,.., 300 million of us is a very tiny population in this globalize economy.

As to deflation... maybe the price of existing housing is dropping... but the price of raw material to build a new house did not go down. Everywhere you go, food prices are on the rise, items in Home Depot have gone up, or come in smaller packages for the same price. We are still able to sustain because our printed money is still being accepted....”

Fedup23 on Sep 6, 2010 at 18:36:40

“Overall, deflation appears to be winning on points. Yes, hyperinflation/inflation is the limit (not solvency), but I believe we aren't close to that point yet since resources including labor are being massively underemployed. The demand isn't there to drive it.”
Obama Blasts GOP, Calls For $50 Billion Infrastructure Plan For Roads, Rail, Air Travel

Obama Blasts GOP, Calls For $50 Billion Infrastructure Plan For Roads, Rail, Air Travel

Commented Sep 6, 2010 at 13:31:50 in Politics

“With trillions of stimulus and nothing to show for... All the spending passed by the Congress and secret Federal Reserve backdoor rescue to who knows what.. there was never transparency nor accountablity to the American people, except for enriching the banksters on the Wall Street, and buddy deals for people that are close to the "inner circle".

We should kneel down and pray that we can still print money (or e-money) and pay for things >> wars, foreign aids (rescue Afghan Banks), budget deficits... as US dollar is still somewhat of a reserve currency.... however, even this option is waning. Do you truly believe we can print paper money forever and consume all the resources in this planet, do you think other nation will let us do this?? E-money is infinite, but tangible resources are limited, if this continues, we will have hyperinflation and our economy will collapse which is just a matter of time.

Now another 50 billion of mad dash to distribute payouts to overpriced pet contractors and feed layers of non productive bureaucrats before the "unlimited cookie jar" is shut tight. Remember the 700 million spent recently for a new high school building in LA....we do not get even 10 cents on a dollar for government spending.

VOTE OUT ALL THESE CAREER POLITICIANS (REPUBS OR DEMS), and bring back some sort of CHECK AND BALANCE TO THIS COUNTRY!!”

Fedup23 on Sep 6, 2010 at 13:35:35

“Deficits may not be that important: Read up on MMT for more background (some address hyperinflatio and some of them aren't built around MMT, so make sure you type MMT in the search bar where applicable): http://bilbo.economicoutlook.net/blog/, http://neweconomi­cperspecti­ves.blogspot.com/, http://moslereconomics.com/, http://www.nakedcapitalism.com/, http://www.creditwritedowns.com/, http://pragcap.com/, http://kmci.org/alllifeisp­roblemsolv­ing/, http://www.interfluidity.com/, http://www.debtonation.org/, http://mikenormaneconomics.blogspot.com/, http://www.multiplier-effect.org/, http://henryckliu.com/index.html, http://www.winterspeak.com/, http://www.cfeps.org/, and http://www.levyinstitute.org/

If MMT is wrong we have options:

State Banking: http://publicbanking.wordpress.com/, http://www.swarmusa.com/vb4/content.php/11-Reform, http://motherjones.com/mojo/2009/03/how-nation%e2%80%99s-only-state-owned-bank-became-envy-wall-street

Or the Greenback/Full Reserve Banking: http://www.monetary.org/, http://www.economicstability.org/, http://www.bankofenglandact.co.uk/, http://www.jamesrobertson.com/index.htm, http://webofdebt.wordpress.com/

Or Mutual Credit: http://beyondmoney.net/, http://www.reinventingmoney.com/, http://circinfo.wordpress.com/

Free Banking?: http://oll.libertyfund.org/index.php?option=com_staticxt&staticfile=show.php%3Ftitle=2307&layout=html and http://www.progress.org/2008/fold586.htm

Sure some of these contradict one another, but I'm just trying to show this debt hysteria may not be all that it's cracked up to be. There are alternatives available.”

Irmanator on Sep 6, 2010 at 13:35:15

“What about deflation? As the value of assets drop (e.g. houses) this is a shrinking of the money supply. I agree that it is a balancing act (trying to keep the money supply relatively constant) but so far I see no signs of hyperinflation.”

whatrunuts on Sep 6, 2010 at 13:33:36

“YES !”
Obama Blasts GOP, Calls For $50 Billion Infrastructure Plan For Roads, Rail, Air Travel

Obama Blasts GOP, Calls For $50 Billion Infrastructure Plan For Roads, Rail, Air Travel

Commented Sep 6, 2010 at 13:14:23 in Politics

“With trillions of stimulus and nothing to show for... All the spending passed by the Congress and secret Federal Reserve backdoor rescue to who knows what.. there was never transparency nor accountablity to the American people, except for enriching the banksters on the Wall Street, and buddy deals for people that are close to the "inner circle".

We should kneel down and pray that we can still print money (or e-money) and pay for things >> wars, foreign aids (rescue Afghan Banks), budget deficits... as US dollar is still somewhat of a reserve currency.... however, even this option is waning. Do you truly believe we can print money forever and consume all the resources in this planet, do you think other nation will let us do this?? E-money is infinite, but tangible resources are limited, if this continues, we will have hyperinflation and our economy will collapse which is just a matter of time.

Now another 50 billion of mad dash to distribute payouts to overpriced pet contractors and feed layers of non productive bureaucrats before the "unlimited cookie jar" is shut tight. Remember the 700 million spent recently for a new high school building in LA....we do not get even 10 cents on a dollar for government spending.

VOTE OUT ALL THESE CAREER POLITICIANS (REPUBS OR DEMS), and bring back some sort of CHECK AND BALANCE TO THIS COUNTRY!!”
Unemployment Rate Rises In August For First Time In 4 Months As Labor Force Expands

Unemployment Rate Rises In August For First Time In 4 Months As Labor Force Expands

Commented Sep 3, 2010 at 12:58:54 in Business

“The grim reality is that very little meaningful jobs will ever be created in this country unless we do a complete structural change of our system. Corporate USA have found out that it is much easier to make billions by goosing the stock market with a click on the computer screen. Instead of investing in the real economy and hiring millions of USA workers to make something valuable (like Germany), most companies choose to import. This is the easiest and fastest way to make a huge profit; such as Apple, HP, etc., they have all become importers like Walmart.

Moreover, the Wall Street banksters that are in bed with our politicians are like the modern day John Dilingers. They have mastered the art of manipulating money and stealing from the masses while convincing these same people that they should admire them because they are rich. Our culture has become that big time CEOs are rock stars when they lay off thousands of workers.... Outrageous pay packages are a medal of honor in a world where humility and honor don’t exist in this country anymore..... Have any of these banksters gone to jail for all the financial crimes they committed???

Just remember to vote out all the "career politicians" be it Repubs or Dems this coming Fall !!!”
New Unemployment Claims SURGE, Hit Highest Level Since November 2009

New Unemployment Claims SURGE, Hit Highest Level Since November 2009

Commented Aug 19, 2010 at 13:49:09 in Business

“The grim reality is that very little meaningful jobs will ever be created in this country unless we do a complete structural change of our system. Jobs from government expansion will not last, as we cannot print money forever to paid for what we cannot afford....

Corporate USA and large institutes have found out long time ago, that it is much easier to make millions/billions by simply manipulating the stock market with a click on the computer screen. We have become a lazy service economy that no leaders nor career politicians is willing to do the hard work for the sake of the people.

Instead of investing in the real economy hiring millions of USA workers to make something valuable (like Germany), most companies choose to import. This is the easiest, fastest, and the cleanest way to make a huge profit; such as Apple, HP, etc., they have essentially become importers like Walmart. Often heard from the so-called financial advisors that " there are tons of money sitting on the sideline to be invested and recovery is just around the corner”…. these are such gullible remark. Why would anybody want to invest in this country, when they can invest overseas imports for a huge profit without the hassle of dealing with local workers??

This coming November, unless we vote out all those sold-out career politicians (dems or repubs) that allowed all this to happen, we are basically doomed.”

Izomagritte369 on Aug 19, 2010 at 14:27:12

“True - but as long as we continue to be told that the "those jobs will never return" and we accept that corporate serving myth, we are stuck, jobless ,i n an economy based primarily on shuffling around financial paper.
The reality is that the rep/cons (and a fair number of dems) and their corporate masters have just about got this nation where they want it - a place where there is no NEED for workers and so no concern for their welfare.”

RockinOut on Aug 19, 2010 at 13:55:12

“F & F. Once the junk yard dog gets the bone, it's almost impossible to get it back. Taxing Wall Street wheeling and dealing, curbing lobbiest and campaign reform is the only way to get back on track.”

peaceandfreedom on Aug 19, 2010 at 13:52:43

“You've hjit the nail! Too bad you can't get it down to two lines so those who need to hear it would read it.m Fanned.”
huffingtonpost entry

Economists See Increased Chance Of Double-Dip Recession

Commented Aug 16, 2010 at 14:56:12 in Business

“Unfortunately, we will have a very long dip, and very little meaningful jobs will be created. Good pay jobs will come mainly from the government expansion, provided it can still print money and pay for all the bloated compensations.

America has a structural problem that can no longer be fixed. Most institutes and companies for decades have found out that it is easier to make billions just by manipulating money. Instead of doing the hard work, investing and hiring millions of workers and making something valuable (like Germany or to a lesser extent China), America has become a land of lazy service economy ran mostly by sold-out politicians, instant profiteers, controlled media shills and Wall Street grifters.

If a country's economy is based on printing money to buy "all things" or just pumping up the stock/bond market to make billions just by clicking on the computer screen, why would any company (even with tons of money on the side line) want to do the hard work and invest in the real economy? Moreover, the boomers that worked hard all their life and save are being punished by getting almost zero return on theirs savings, while the Wall Street grifters / criminals who caused the financial collapse are being rewarded with billions of bonuses... Why would anybody want to spend when the future look so bleak to them??”
China's Rich Hiding $1.4 Trillion In Wealth, Study Says

China's Rich Hiding $1.4 Trillion In Wealth, Study Says

Commented Aug 13, 2010 at 13:02:15 in Business

“Normally, if you ask an average Chinese how are you doing... they will most likely to tell you "so so" or "just ok" "not so good" at the most "not so bad", even they are doing extremely well. But if you ask an American how are you doing, they will tell you "I'm doing great", "fantastic", "never better", "just fine", even when they are not doing well. This just shows the difference in culture. One likes to tone down or outright hide their accomplishment, and the other one likes to flaunt or embellish their accomplishment.

The reason for Chinese hiding their wealth or accomplishment comes from thousands of years of lesson that whoever flaunts openly will invite trouble or even death. Most Chinese have a habit of not letting others (even enemies) figure out how much they have or own, just to protect themselves from extortion, robbers, or corrupt officials seeking to seize or extort money from them, or friends and poor relatives trying to borrow money from them, etc.

Most Chinese in China or Taiwan or SE Asia even though they have tons of money, they have a habit of seldom revealing what they truly have... in fact a lot of them are always crying poor and telling people that they don't have much... that is why it is very hard for the Western system to figure out how much the Chinese really have or own...”

melton244 on Aug 14, 2010 at 21:40:18

“Well said. Like player poker, hold your cards tight to your vest and tell noone .....nothing!”

InfinteShibumi on Aug 13, 2010 at 13:54:50

“Precisely! An astute observation on all points. Fanned and Faved!”
next
1 - 25