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Thread: Dollar loses reserve status to yen & euro

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    Re: Dollar loses reserve status to yen & euro

    Quote Originally Posted by Maximus Zeebra View Post
    Nobody is to blame. The model is to blame, capitalism created all those individuals one "could" want to blame in theory. A model for greed breeds greed. Aint their fault they followed the idiot model.
    Until you provide specific well thought examples that support your assertion (it was the "model"), i am going to call you on talking out of your ass. Care to be a bit more specific?
    It is not very unreasonable that the rich should contribute to the public expense, not only in proportion to their revenue, but something more than in that proportion.
    "Wealth of Nations," Book V, Chapter II, Part II, Article I, pg.911

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    Re: Dollar loses reserve status to yen & euro

    Quote Originally Posted by Goldenboy219 View Post
    Until you provide specific well thought examples that support your assertion (it was the "model"), i am going to call you on talking out of your ass. Care to be a bit more specific?
    Ok.. Can I just do that by asking a question?
    I assume yes..

    Who do you blame for the crisis? A bunch of people like politicians, Alan Greenspan, a bunch of bankers or so fourth, or do you blame the model who created these monsters and circumstances?

    I blame the latter.
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    Re: Dollar loses reserve status to yen & euro

    Quote Originally Posted by Maximus Zeebra View Post
    Ok.. Can I just do that by asking a question?
    I assume yes..

    Who do you blame for the crisis? A bunch of people like politicians, Alan Greenspan, a bunch of bankers or so fourth, or do you blame the model who created these monsters and circumstances?

    I blame the latter.
    Blame is not the issue, and seems to be a sideshow for those who relish in ideological mudslinging.

    The Chinese premier Deng Xiaoping might one day be considered the most important person of the 20th century, in reforming the Chinese economy to mimic a capitalist market orientated economy, thereby lifting the standard of living for over a billion people.

    To argue that the Chinese were better off under a Maoist "model" is utterly ridiculous, as is your position.

    From Wiki:
    Economic reforms started since 1978 have helped lift millions of people out of poverty, bringing the poverty rate down from 53% of the population in the Mao era to 12% in 1981. Deng's economic reforms are still being followed by the CPC today and by 2001 the poverty rate became only 6% of the population.
    It is not very unreasonable that the rich should contribute to the public expense, not only in proportion to their revenue, but something more than in that proportion.
    "Wealth of Nations," Book V, Chapter II, Part II, Article I, pg.911

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    Re: Dollar loses reserve status to yen & euro

    Quote Originally Posted by Goldenboy219 View Post
    Blame is not the issue, and seems to be a sideshow for those who relish in ideological mudslinging.

    The Chinese premier Deng Xiaoping might one day be considered the most important person of the 20th century, in reforming the Chinese economy to mimic a capitalist market orientated economy, thereby lifting the standard of living for over a billion people.

    To argue that the Chinese were better off under a Maoist "model" is utterly ridiculous, as is your position.

    From Wiki:
    I never argued China were better off under a Maoist "model"..

    If claims about what the other believes is how this exchange of post is going to work, then a further discussion is uninteresting and not worth it. In that case end of discussion.
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    Re: Dollar loses reserve status to yen & euro

    Quote Originally Posted by Maximus Zeebra View Post
    I never argued China were better off under a Maoist "model"..

    If claims about what the other believes is how this exchange of post is going to work, then a further discussion is uninteresting and not worth it. In that case end of discussion.
    Neither is the case. You condemn market orientated (profit maximizing agents) and yet when one puts forth evidence that capitalism is really not the evil you deem it to be, end of discussion?

    It is not very unreasonable that the rich should contribute to the public expense, not only in proportion to their revenue, but something more than in that proportion.
    "Wealth of Nations," Book V, Chapter II, Part II, Article I, pg.911

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    Re: Dollar loses reserve status to yen & euro

    Quote Originally Posted by Harshaw View Post
    OK, first of all, this is just about the textbook definition of a strawman.

    This thread is about the possibility of the dollar losing reserve currency status. That's an entirely different thing from a mere decline in the dollar's value. The value of the dollar goes up and down all the time. Its status as the world's reserve currency is something decidedly more.

    Second, you can't simply pull out a single story from years ago and demand to see a similar reaction to it, and if there isn't one, it's proof positive of inconsistency. That's, simply put, stupid. No one responds to every single story.

    Third, if you want to prove inconsistency, you need to prove it by linking to previous posts which exonerated Bush for the same thing. You can't just say "I didn't see you complain about it then!!!! You're inconsistent!!!!" You also can't prove a negative.

    Fourth, you also need to keep it consistent with what I actually said here, which wasn't even about spending, but about monetary policy, i.e., printing Monopoly money.

    Fifth, here's a goddamn post of mine bashing Bush and Co. for their spending:

    http://www.debatepolitics.com/archiv...tml#post375019

    "Absolutely no criticism," eh? Maybe you should have some idea what the hell you're talking about before you spout off, Mr. Anti-Stupid.
    He should point his magic gun at his own head.
    "He who does not think himself worth saving from poverty and ignorance by his own efforts, will hardly be thought worth the efforts of anybody else." -- Frederick Douglass, Self-Made Men (1872)
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    Re: Dollar loses reserve status to yen & euro

    Quote Originally Posted by Goldenboy219 View Post
    Neither is the case. You condemn market orientated (profit maximizing agents) and yet when one puts forth evidence that capitalism is really not the evil you deem it to be, end of discussion?

    Yes. I do that.. Because the model do not work, which will be proven to you when China takes over and progresses on a non-maximize profit model, but a max progress model. China I believe will take capitalism out of the patent driven model, where progress is sacrificed for maximum profit and exploitation.

    Capitalism has existed for thousands of years. Where did it get us? Look at the mess of a world we live in. Say with you hand on the heart that capialism is a fair model, which brings to all people a decent living situation, maximizes progress, and organizes society.

    If you can say that, then you lie.


    PS. Africa is the most capitalistic continent in the world.
    Europe is illegally occupied by the US

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    Re: Dollar loses reserve status to yen & euro

    Quote Originally Posted by Maximus Zeebra View Post
    Yes. I do that.. Because the model do not work, which will be proven to you when China takes over and progresses on a non-maximize profit model, but a max progress model. China I believe will take capitalism out of the patent driven model, where progress is sacrificed for maximum profit and exploitation.

    Capitalism has existed for thousands of years. Where did it get us? Look at the mess of a world we live in. Say with you hand on the heart that capialism is a fair model, which brings to all people a decent living situation, maximizes progress, and organizes society.

    If you can say that, then you lie.


    PS. Africa is the most capitalistic continent in the world.
    You get this out of a European school book or something? Africa is capitalist, and since they suck capitalism sucks? Oh it's just that simple isn't it?
    "He who does not think himself worth saving from poverty and ignorance by his own efforts, will hardly be thought worth the efforts of anybody else." -- Frederick Douglass, Self-Made Men (1872)
    "Fly-over" country voted, and The Donald is now POTUS.

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    Re: Dollar loses reserve status to yen & euro

    Quote Originally Posted by American View Post
    You get this out of a European school book or something? Africa is capitalist, and since they suck capitalism sucks? Oh it's just that simple isn't it?
    Africa is just the purest example of capitalism. And look at the mess. The very few exploit the **** out of the masses and leave them in disasterous conditions. And those very few are mostly not Africans at all, they are American and European capialists who suck the **** out of the whole African continent.

    At home these same capitalists exploit the **** out of the people and leave them in a situation where the majority have to work most of their "life", and never have enough to secure their own freedom.

    If it wasnt for the capitalists who steal our money/labor, the people would not have to work more than 20 hour weeks on average to accomplish the same that we do now with 40+ hours per week on average.
    Europe is illegally occupied by the US

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    Re: Dollar loses reserve status to yen & euro

    Quote Originally Posted by Maximus Zeebra View Post
    Africa is just the purest example of capitalism. And look at the mess. The very few exploit the **** out of the masses and leave them in disasterous conditions. And those very few are mostly not Africans at all, they are American and European capialists who suck the **** out of the whole African continent.

    At home these same capitalists exploit the **** out of the people and leave them in a situation where the majority have to work most of their "life", and never have enough to secure their own freedom.

    If it wasnt for the capitalists who steal our money/labor, the people would not have to work more than 20 hour weeks on average to accomplish the same that we do now with 40+ hours per week on average.
    Communism is the way!!!! Love Lenin comrade! Show me some sources to prove your assertions. Oh, btw and this has what to do with the reserve currency?
    "He who does not think himself worth saving from poverty and ignorance by his own efforts, will hardly be thought worth the efforts of anybody else." -- Frederick Douglass, Self-Made Men (1872)
    "Fly-over" country voted, and The Donald is now POTUS.

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