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As time went on, the factory developed the car each year, making it faster, more comfortable, and capable of handling at higher speeds.
You don’t want this. You want the trickiest, most dangerous, oldest model you can find. Only then can you prove to the world that you’re a man. -
Lance, you need to research a bit more before you make sweeping statements. Paul is a strict adherent to the constitution, and is arguing against the Fed and pro gold policy just like Andrew Jackson in the 1820's and 30's, and on the same grounds. I would suggest reading at least one publication on the subject. Check out The Creature From Jekyll Island.
And for all you people who will go research this on wikipedia, please don't reply like "Jackson lost, his cabinet retired, etc etc..." Its all addressed in the book.
Also, you know nothing, and neither do I, and neither does everyone else on here. You and I both are just coming out of college. Someone needs to slap you with a trout to get your head back from the large size it currently is. It's fine to argue, but to tell someone that you know more than them because you swallowed your teachers rhetoric for 4 years while learning from a curriculum is just crazy.
You have my AIM.Last edited by Skafrog; 01-22-2008, 08:27 PM.
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Fair enough "Skafrog" but just because he feels as though the Fed was wrong, it's how we do now - and fiat money is not stupid. It's not like Gold never had it issues and the ease of monetary policy changes can't be helpful. Letting Bernanke keep up his work instead of diving into the deepend of crazy ideas seems to make more sense. Its not like Ben doesn't know what is going on, and definitely understands it better than some IT people like Kruzen who read some books or watch the news.
Sure, I'm in college but I've also studied the principles directly dealing with this issue. Would a masters help further understand international monetary policy? Sure, but it is not require - although a bit more helpful than no academic exposure at all.
I hate policitians and media whores like Michael Moore or Al Gore because they LIE with FACTS. There's no fair information coming from them. Nothing is given to scale or told how important it is. Instead, big numbers are used without context - like the 96% value loss in the dollar (which is 3rd best in the world during the time period). Idiots who don't know better (Kruzen) are gullible and undereducated and therefore don't know better as to not listen to a crack like Ron Paul.
And all is not bad and gloomyThird, although the U.S. current account deficit is certainly not sustainable at its current level, U.S. liabilities to foreigners are not, at this point, putting an exceptionally large burden on the American economy. The net international investment position (NIIP) of the United States, although at a substantial negative 19 percent of GDP, is still smaller than the negative NIIP of several other industrial economies. As a fraction of net household wealth, which totaled almost $56 trillion in 2006, the negative NIIP is even smaller--less than 5 percent. Moreover, the U.S. investment income balance, which essentially represents the debt service on the NIIP, remains positive, at least for now. Thus, even after years of current account deficits and corresponding increases in net liabilities, the United States continues to earn more on its foreign investments than it pays on its foreign liabilities. And, as best we can tell, the share of U.S. assets in foreign portfolios does not seem excessive relative to the importance of the United States in the global economy.
But we do have a lot to work on, including:Recently, the pickup in economic growth outside the United States, together with changes in the real exchange rate and other relative prices, has assisted the process of current account adjustment. Notably, during 2006, foreign growth helped U.S. real exports of goods and services grow 9.3 percent, and exports of capital goods rose 10.8 percent.
As is well known, however, further progress on the U.S. current account seems unlikely without significant increases in public and private saving in the United States.Comment
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Yes. Because Trump in an expert on international finance. We own parts of other nations as well, and other industrialized nations have been invested in heavy by developing nations. It's because our economy is strong and returns are good that they do invest here. If we sucked, they wouldn't trust our T - bills nor come here looking to put in FDI.Comment
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OH NOESSSSSS. The Pound is losing to the EURRRRRRRRRRRRRRRRRROOOOOOH.
30% over 7 years. Maybe the Euro is stronger than the Dollar now because the Euro is stronger than other currencies as well!>??!
GBP has lost 13% to the Euro in the last year...
Euro since its origin vs. Yen, USD, and Pound
WE ARE NOT ALONE
The USD to the GBP on a longer term look, not horrible (even though it was expensive to live there relative to the US since I was not earning income in GDP):
But this is what the media and Ron Paul will have you look at:
Propaganda.
I wonder if someone is ranting in the UK and Japan about people being robbed because of the rise of the Euro???Comment
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Did you really just spent like 8 posts arguing against the same thing over and over again?
I'm not even going to bother fighting back.
A) Its literally not worth my time
B) No matter what points are raised, no matter what happens. You will always blindly believe whatever the fuck economic representation your professors rammed down your throat, because you're a snotty little shit who thinks he's doing something "important" in college that makes him "smart". Evidence of such is the way you like to throw out your credentials in such a superior fashion, that all other people on the forum are to be crushed by your bulging intellect. Students practice what they're preached, its what they were taught to do from birth. Regurgitate information.
C) You fail to have a grasp on both the education process, and human ability for understanding. I'm guessing you probably haven't held much of a real world job or been in a position other then peon. Or you would realize how multi-faceted people are and can be. If your paramount idea of education excellence is graduating from a college, then you have much to learn about life.
In short, just because you're an econ minor doesn't mean you know jack. I can spew shit I learned in college all I want. Everybody has already heard it. Learn to think for yourself, champ.
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Nice, nice. Well said.Did you really just spent like 8 posts arguing against the same thing over and over again?
I'm not even going to bother fighting back.
A) Its literally not worth my time
B) No matter what points are raised, no matter what happens. You will always blindly believe whatever the fuck economic representation your professors rammed down your throat, because you're a snotty little shit who thinks he's doing something "important" in college that makes him "smart". Evidence of such is the way you like to throw out your credentials in such a superior fashion, that all other people on the forum are to be crushed by your bulging intellect. Students practice what they're preached, its what they were taught to do from birth. Regurgitate information.
C) You fail to have a grasp on both the education process, and human ability for understanding. I'm guessing you probably haven't held much of a real world job or been in a position other then peon. Or you would realize how multi-faceted people are and can be. If your paramount idea of education excellence is graduating from a college, then you have much to learn about life.
In short, just because you're an econ minor doesn't mean you know jack. I can spew shit I learned in college all I want. Everybody has already heard it. Learn to think for yourself, champ."We praise or find fault, depending on which of the two provides more opportunity for our powers of judgement to shine."Comment
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You may not agree with him, but at least he gave some evidence to support his ideas. And yes, he's been to school for this stuff. He has hundreds of hours of instruction on this exact stuff from a huge variety of professors. And what, you've read a few books? Sorry, but I think an undergrad degree in International Econ beats out your 'couple of books'. And regurgitating? Isn't that exactly what you are doing by saying 'Oh, I read in a book that....' Rather than attacking him as a person or a student, why don't you go find some evidence to support your view like he did? It seems pretty childish to go around browbeating him or his school or his proffs when he give you hard data to back up his opinions.Did you really just spent like 8 posts arguing against the same thing over and over again?
I'm not even going to bother fighting back.
A) Its literally not worth my time
B) No matter what points are raised, no matter what happens. You will always blindly believe whatever the fuck economic representation your professors rammed down your throat, because you're a snotty little shit who thinks he's doing something "important" in college that makes him "smart". Evidence of such is the way you like to throw out your credentials in such a superior fashion, that all other people on the forum are to be crushed by your bulging intellect. Students practice what they're preached, its what they were taught to do from birth. Regurgitate information.
C) You fail to have a grasp on both the education process, and human ability for understanding. I'm guessing you probably haven't held much of a real world job or been in a position other then peon. Or you would realize how multi-faceted people are and can be. If your paramount idea of education excellence is graduating from a college, then you have much to learn about life.
In short, just because you're an econ minor doesn't mean you know jack. I can spew shit I learned in college all I want. Everybody has already heard it. Learn to think for yourself, champ.
Just my two cents. I'm not taking anyone's side on this whole thing because I don't know enough about econ to really throw my hat in the ring. But let's at least stick to the topic instead of bashing people because they went to college and can give you real data to back up their ideas.Comment
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Regurgitate? You are the one who simply heard Ron Paul say misleading pieces of information and repeat them claiming they were important or significant without any understanding of the concepts nor further research into the truth. I'm sorry you are one of the many sheep in the country who takes everything on TV or the internet at face value.Did you really just spent like 8 posts arguing against the same thing over and over again?
I'm not even going to bother fighting back.
A) Its literally not worth my time
B) No matter what points are raised, no matter what happens. You will always blindly believe whatever the fuck economic representation your professors rammed down your throat, because you're a snotty little shit who thinks he's doing something "important" in college that makes him "smart". Evidence of such is the way you like to throw out your credentials in such a superior fashion, that all other people on the forum are to be crushed by your bulging intellect. Students practice what they're preached, its what they were taught to do from birth. Regurgitate information.
C) You fail to have a grasp on both the education process, and human ability for understanding. I'm guessing you probably haven't held much of a real world job or been in a position other then peon. Or you would realize how multi-faceted people are and can be. If your paramount idea of education excellence is graduating from a college, then you have much to learn about life.
In short, just because you're an econ minor doesn't mean you know jack. I can spew shit I learned in college all I want. Everybody has already heard it. Learn to think for yourself, champ.
You should never take the words of a politician without a grain of salt and a deeper look into things. It's not hard to find information from multiple sources and compile enough to evaluate the situation not solely based on a man's words on CNN.
Posting the truth via graphs and showing how your notion is absolutely false is not regurgitating, it is backing up what I see with evidence... where you have none.
You blindly believe politicians and probably Michael Moore (who also uses "facts" without context). I use concepts and understanding learned in academia along with evidence and information from data and the truth to back myself. Learning to think for myself is what I learned from school, not to trust someone on youtube played to cheesy scary background music.You will always blindly believe whatever the fuck economic representation your professors rammed down your throat, because you're a snotty little shit who thinks he's doing something "important" in college that makes him "smart".
Your flame back at me just show how upset you are at yourself for being gullible, and proving you don't know that much about econ.
Take your own advice. Maybe read more before assuming Ron Paul is telling the full truth.Learn to think for yourself, champ.
Sorry I took it out on you but I hate sheep who back Gore, Moore, or Paul, without a care to assess the truth using outside information and checking the speaker's facts. It is going to be, or has been, the downfall of the USA that people get worked up over BS politicians say and worry too quickly about normal business cycles.Comment
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Fair enough and duly noted. For the record, I am not a supporter of gore nor moore, for the same reason I hate most internet fights. Reproduction of information without proper scope. Ive also grown to despise the 'loose change' videos, despite presenting a compelling case. The majority of my Paul fanatacism hasn't come from number crunching and looking up graphs, but through personal discussion and sound thinking. Honestly.. being that this is the internet, either one of us can find, produce, or otherwise create evidence to support our cause (trust me, you can find anything online to credibly support either case), which is not to say that your data represented here is incorrect, but just as anyone states, you can skew the results of data by taking it out of context, which is what this thread is full of, whether intentional or not. The fact of the matter is, people are going to believe what they want to believe. Thats why you have politicians taking sides on all different types of economical design. If it really serves your interest, I'd be happy to take the time to go through and argue each and every one of your posts, its gonna take me longer since I don't have it all off hand, since I am not an econ student, but I'll do it for the sake of the debate. Or we can call this a happy disagreement and stop flaming each other on a bulletin board and start talking about E30s.
Your call.
I'll admit you probably know more about econ than me, but ultimately it doesn't matter, because people who hold varying opinions on the subject know leagues more about econ then the both of us combined. As you can see, this argument isn't a simple one, and its not going to die out anytime soon. Among citizens or politicians.Comment
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While all this is interesting, back to Ron Paul- Oh Noes!! The Depression's upon us!! The S&P 500 is down 2.3% at 1:20 Eastern Time!!!!
FWIW, I've been researching this stuff for a few years now (my friends and I pt together an investment company, so we've been trying to learn without paying too much for a lesson) and everything I've heard or read falls in line with Lance_Entities. But, I'm an engineer and not a finance/econ major.sigpic89 M3Comment
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This is the precise reason I hate people like gore/moore and others in politics who use their tactics. I also hate the media for the most part (outside of comedy central's "news") because it's so doom and gloom the entire time like Chicken Little was an anchor. Hence me getting angry at this youtube video as well as loose change. (Media is a lot different in the UK, less biased and more about celebs)
You can like him for his ideas, and I'll hate him for his bullshit.
Fiat money and flexibility can be stable and help the economy through conservative reactions to the market. Gold is not without issues (Wizard of Oz, etc.)
And as far as the Euro... it's in its early years still, and with more countries added, and the possibility of asymmetric shocks, it may not always be so loved by all.
We have issues, as Bernanke will admit, but all is not going down and we can deal with it. The only reason we have been popular to deal with is our good returns and productivity. We need to save more and invest more of our own money, but it's not like our country is owned by foreigners, just a portion of our debt. But as Ben will say, we earn more on foreign assets than foreigners earn on ours... but the slipping dollar won't help that. (Although it does help our trade imbalance).
Read this article if you skipped it, it sums up shit pretty well and should hopefully give people confidence in the Fed:
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my attention span is that of a 3 year old child. i really wish we could keep these to 3 or 4 word insults so id be able to follow along and stay interestedComment
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Lance, I just read that article- pretty good stuff.sigpic89 M3Comment
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