Re: I LOVE YOU MISTRO
elohdee;2155028 said:
Dear Lord, don't they make you take any English classes while majoring in said subjects?
last defense of someone who has no way to disprove an argument, attack grammar and spelling.
Brookly;2155725 said:
I won't repeat what lod said. Your posts give me enough of a headache as it is.
Just a little common sense for your financier ego; the only reason Canada even has 2 cents above our dollar is because U.S. corporations continuously use the country as an outsource for manufacturing (e.g. more jobs for the Canadians) because of cheap labor and taxes. You should have learned about our Free Market Economy correct? They teach that your freshman year at least don't they?
What do I know though... I am just an airhead who didn't major in finance/econ/business but can put a simple sentence together using simple punctuation.
so, on the basis of spelling, your notions of finance are right and his wrong?
look up the fractional reserve. our economy is suffering due to outsourcing and corporations creating and abusing loopholes in tax law, yes, but the basis of our suffering is the federal reserve and our fiat currency.
instead of arguing about a topic you have limited, if any, understanding of, educate yourself. this shit is important.
as someone who has said they were attending an university, you should have had a business class. in this, you should have learned that we have not been a free market economy for decades. my own business professor's predictions from 1999 have been fulfilled. we have become mostly socialist by 2010.
do you not think that making up nearly over a trillion dollars out of thin air would affect the value of the dollar? i'll give you a quick breakdown of how it "works".
the government confiscated our gold starting in 1933. this was to hold it all in a reserve, because before this time, we used gold coins as money. the federal reserve (as federal as federal express) issued dollars that were redeemable in gold. by taking the gold, the government got access to it to trade it internationally, while we used dollars (promissory notes) as currency, domestically. in 1965, they removed the "redeemable in gold" quality of dollars. because the fed charges the government (with interest) to print these dollars, after 1965, dollars were no longer backed by a commodity, but by debt.
as the fed is not held accountable to ensure that the dollars in circulation are equal to the value of the gold in the reserves, they gained the magical power to create money out of thin air. because the value of all the USD in circulation is equal to the value of the reserves, printing money without the hard commodities to back it up decreases the value of all the other USD in circulation.
so when we bailed the banks, and the automakers, and everyone else out (spending that trillion) we therefore decreased the value of the dollar by a corresponding amount. are you starting to understand?
sure, outsourcing hurts us, just like how most of the big corporations dodge their taxes, but the root of the problem is the fiat currency and the federal reserve that perpetuates it. do yourself a favor, learn about this stuff. unlike vdeo games and spelling bees, this shit is important.