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Thread: U.S. food stamp tally up 1.2 million in two months

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    Re: U.S. food stamp tally up 1.2 million in two months

    Quote Originally Posted by Liz Peeps View Post
    Collective wealth? That sounds like the term a communist may use. "Collective" well got news for you, unless you're going to rob everyone in America to contribute to the "collective fund" for paying off our foreign creditors, then what good is "collective" wealth? What are you talking about? We have a huge glut of homes on the market, people enslaved with mortgages higher than the value of the house, overinflated assets in our portfolios, how is that really wealth? Are you talking about gold? are you talking about manufacturing capacity? This crisis is no small deal and to compare us to Canada, who is in far better start position than the USA, I just don't understand it.
    Yes, collective wealth.

    Capitalism is based on capital, and Americans still possess a great deal of capital.

    You doom and gloomers need to get a clue. To put it in perspective, our national debt amounts to about $28k per person. Canada's much smaller national debt amounts to about $21k per person. (these are pre-Obama numbers of course)

    Our arrow is clearly pointed down, but you seem to have no clue how far ahead we were to begin with.

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    Re: U.S. food stamp tally up 1.2 million in two months

    Quote Originally Posted by ARealConservative View Post
    Yes, collective wealth.

    Capitalism is based on capital, and Americans still possess a great deal of capital.

    You doom and gloomers need to get a clue. To put it in perspective, our national debt amounts to about $28k per person. Canada's much smaller national debt amounts to about $21k per person. (these are pre-Obama numbers of course)

    Our arrow is clearly pointed down, but you seem to have no clue how far ahead we were to begin with.
    If you think the ability for fat ass Americans to go back to the malls and auto centers is a measure of productivity, than I guess you WOULD just look at debt. Unfortunately, the US and Canadian economy are different, the way they calculate their economic figures are different, and Canada is not at risk of having their currency DUMPED by the rest of the world.

    So really, if you look at only one tiny little detail, I guess you have a point, but when you stop to take a look at other factors, I guess then one tiny little point really looks insignificant.

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    Re: U.S. food stamp tally up 1.2 million in two months

    Quote Originally Posted by Liz Peeps View Post
    If you think the ability for fat ass Americans to go back to the malls and auto centers is a measure of productivity, than I guess you WOULD just look at debt. Unfortunately, the US and Canadian economy are different, the way they calculate their economic figures are different, and Canada is not at risk of having their currency DUMPED by the rest of the world.

    So really, if you look at only one tiny little detail, I guess you have a point, but when you stop to take a look at other factors, I guess then one tiny little point really looks insignificant.


    When dealing with any discussion of bankrupty, debt is not a "tiny detail".

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    Re: U.S. food stamp tally up 1.2 million in two months

    Quote Originally Posted by ARealConservative View Post


    When dealing with any discussion of bankrupty, debt is not a "tiny detail".
    You're basically hand waving away the bigger problems of the United States.

    You're saying "well, things are kind of **** right now, but our debt problems aren't really that bad", but you're completely foregoing the thought process that occurs when you bring up debt. It's not just DEBT that's the problem, it's HOW IN THE **** are we supposed to pay off our debt. We can do it through inflation, which would destroy the savings of Americans, the same damn "collective wealth" you're describing, inflation would decrease the value of our debt to the rest of the world (in effect, stiffing our creditors). Or we can pay off debt by doing hard work, and I'm telling you right now that our ability to work has been undermined by government policy over decades. Our manufacturing plants have closed up and been sold off, it is more expensive to hire an American worker than it was decades ago. The current course the Obama administration is going should be giving you some strong signals that private sector jobs will be harder to come by, and there will be growth in government provided jobs. Government gets ability to spend money from bonds, taxes, or inflation. Choose your poison and we will start the discussion from there.

    And if our currency gets dropped this introduces other incredibly complex problems that can't be hand waved away like you're doing. Come join me in the economic forum, make your case, and I'll destroy you there----if you would like.
    Last edited by Liz Peeps; 07-09-09 at 01:11 AM.

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    Re: U.S. food stamp tally up 1.2 million in two months

    Quote Originally Posted by Liz Peeps View Post
    You're basically hand waving away the bigger problems of the United States.
    No, I'm pointing out too a smug Canadian Obot that we are no more bankrupt then they are. Our government is bankrupt, but individuals still possess a great deal of capital and the country is flush with natural resources.

    You're saying "well, things are kind of **** right now, but our debt problems aren't really that bad", but you're completely foregoing the thought process that occurs when you bring up debt. It's not just DEBT that's the problem, it's HOW IN THE **** are we supposed to pay off our debt. We can do it through inflation, which would destroy the savings of Americans, the same damn "collective wealth" you're describing, inflation would decrease the value of our debt to the rest of the world (in effect, stiffing our creditors). Or we can pay off debt by doing hard work, and I'm telling you right now that our ability to work has been undermined by government policy over decades. Our manufacturing plants have closed up and been sold off, it is more expensive to hire an American worker than it was decades ago. The current course the Obama administration is going should be giving you some strong signals that private sector jobs will be harder to come by, and there will be growth in government provided jobs. Government gets ability to spend money from bonds, taxes, or inflation. Choose your poison and we will start the discussion from there.
    We have already squirreled away 95% of the purchasing power of the dollar. You can't tell me a thing I don't already know.

    Here's my argument: This country's wealth can't be measured fully by the fiat dollars. Capital is more then the funny money printed in the last 100 years. Our monetary system will eventually collapse, but because of the enormous capital built up over the last 200 years, we will rebound so long as we give freedom a chance again.

    I certainly give us a better shot of making it then I do Canada.

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    Re: U.S. food stamp tally up 1.2 million in two months

    Quote Originally Posted by ARealConservative View Post
    Here's my argument: This country's wealth can't be measured fully by the fiat dollars. Capital is more then the funny money printed in the last 100 years. Our monetary system will eventually collapse, but because of the enormous capital built up over the last 200 years, we will rebound so long as we give freedom a chance again.
    I don't think you understand how money and currency work. When there is a total lack of confidence in the currency, prices for that currency go up and savings in the banks will be depleted by higher prices.

    The only thing LEFT we could turn to would be exporting natural resources, but look at how many natural resources are in African and look at how poor those nations are. You need more than just land and commodities to make a viable economy.

    We lost jobs recently in every sector except for education and health care. We are obviously not in much of a hurry to tap that capital you keep referring to (whether money or capital goods).

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    Re: U.S. food stamp tally up 1.2 million in two months

    Quote Originally Posted by Liz Peeps View Post
    I don't think you understand how money and currency work.
    I don't think you have a clue about a whole lot of things.

    Our government has went bankrupt before. In 1971 we closed the gold window essentially putting up a big middle finger to our creditors and the promises we made them. Even having done so, we remained the global reserve currency. Since then we have only widened the economic/military gap with the rest of the world.

    You also don't seem to understand how beneficial it has been for some people to be in charge of the global reserve currency. While our government has went deeply in debt, we have busied ourselves with importing goods while exporting depreciating dollars. The middle and lower class in this country suffer, but trust we when I say that the wealthy have not suffered a bit. The country is wealthier, unfortunately the wealth has consolidated, but you clearly discount the wealth of the country. When the entire world is flush in fiat currency, it is beneficial to be the reserve currency king.


    The only thing LEFT we could turn to would be exporting natural resources, but look at how many natural resources are in African and look at how poor those nations are. You need more than just land and commodities to make a viable economy.
    In addition to capital you need free markets and the rule of law to flourish prosper. I don't think Africa does too well in that regard.

    We lost jobs recently in every sector except for education and health care. We are obviously not in much of a hurry to tap that capital you keep referring to (whether money or capital goods).
    Yet even with our losses, we remain the largest economy in the world.

    How about you go out on a limb and tell us when economic doom is going to hit.

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    Re: U.S. food stamp tally up 1.2 million in two months

    Quote Originally Posted by ARealConservative View Post
    How about you go out on a limb and tell us when economic doom is going to hit.
    So where's the smart money these days invested, guy?

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    Re: U.S. food stamp tally up 1.2 million in two months

    Quote Originally Posted by Liz Peeps View Post
    So where's the smart money these days invested, guy?
    the hell if I know, I'm not the power elite that gets to benefit from the system currently in play.

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    Re: U.S. food stamp tally up 1.2 million in two months

    Quote Originally Posted by ARealConservative View Post
    the hell if I know, I'm not the power elite that gets to benefit from the system currently in play.
    Well it's not in America, that's for sure.

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