| Any openminded opinions regarding where the economy is going? [message #55517] |
Sat, 26 August 2006 09:55  |
Manualblock
Messages: 4973
Registered: May 2009
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Illuminati (13th Degree) |
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Lets see what we have; Jobless rate hovering in the high 5's; interest rates steady for now until the November elections. The doller is the real issue now.
Allow me to cut and paste an interesting paragraph here:
" World trade is now an interesting game in which the U.S. produces dollars and the rest of the world produces things that dollars can buy. Thye worlds inter-linked economies no longer trade to capture an economic advantage; they compete in exports to capture needed dollars to service dollar denominated foriegn debts and tom accumulate dollar reserves to sustain the exchange value of domestic currencies. To prevent speculative attacks on their currencies; the worlds central banks must acquire and hold dollar amounts equal to their currencies in circulation. This creates a built-in support for a strong dollar that in turn forces the worlds central banks to acquire and hold even more dollars in reserve. This phenomenon is known as ' dollar hegemony', which is created by the geopolitically constructed peculiarity that critical commodities, most notably oil are denominated in dollars. Everyone accepts dollars because dollars can buy oil. The re-cycling of petro-dollars is the price the U.S. has extracted from oil producing countries for continuing U.S. tolerance of the oil exporting cartel since 1973."Henry C.K. Lui Something to think about since the Iraqi's had filed to convert their oil revenue to Euro-dollars shortly before the war began.
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| It's all about me, pal [message #55519 is a reply to message #55518] |
Tue, 29 August 2006 03:35  |
wunhuanglo
Messages: 912
Registered: May 2009
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Illuminati (2nd Degree) |
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And here we have the distinction of payng about 20% more than the rest of the country for everything except gas. When they have signs outside of every Burger King that they pay $10 and hour and $500 per month bonuses you have to figure that the days of the 19-cent hamburger are numbered.
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| Re: It's all about me, pal [message #55521 is a reply to message #55520] |
Tue, 29 August 2006 09:16 |
Bill Martinelli
Messages: 677
Registered: May 2009
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Illuminati (1st Degree) |
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So what can we do?
Who can the public vote for to hold down inflation. Democrats like tax and spend, Republicans like spend.(haha)
We earn 4 times as much money than years ago but stuff cost 5 times as much. We have a great number of fast food joints constantly looking for people to work. In this area minimum wage is laghable.
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| Really? Honestly? [message #55523 is a reply to message #55521] |
Wed, 30 August 2006 07:48 |
wunhuanglo
Messages: 912
Registered: May 2009
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Illuminati (2nd Degree) |
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We can go to the polls, especially for local and primary elections, and refuse to vote for one of the can't-tell-the-difference sons o'bitches with a D or an R after his/her name. Vote Green, Independent or Crazy As Roger Fucking Rabbit but don't vote the incumbent or his hand picked look-alike successor. In politics today there are two inviolate truths - every national politician is a corporate shill, and neither the two retards in the Executive or any of the 535 thieves and cowards down the street have the balls to go against their benefactors and do anything that would actually benefit the public (unless it just happens to coincide with corporate interests or ensure another vote come election time, but it's pure serendipity that the representatives address the concerns of the electorate). It's the old story, if you keep doing the same thing hoping for a different outcome, you're clearly insane. We vote for another wind-up doll that looks exactly like the wind-up doll he's replacing and then we're dissapointed when he's the exact same self-interested sellout as his predecessor.
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| Re: Really? Honestly? [message #55525 is a reply to message #55524] |
Wed, 30 August 2006 18:11 |
Bill Martinelli
Messages: 677
Registered: May 2009
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Illuminati (1st Degree) |
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I'd say some good things come up now and then. Certainly some people must be please or every incumbent would be out ousted at every single election. So, clearly the majority is either happy or clueless.Honestly I rarely cast votes for incumbents. It's nice to see some new faces that have an idea.
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