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Politics thread (USA Elections 2016) - Page 204

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LemOn[5thF]   Czech Republic. Feb 14 2020 08:54. Posts 15163

Recessions are a natural thing of the credit cycle
People just get overly optimistic and amount of leverage and spending gets way higher than fundamental production
So a correction comes, in which people again focus too much on the short run and go too far the other way, credit dries up


When you lower taxes, don't curb spending and keep interest rates at low levels you just make the gap wider and fall harder

93% Sure!  

LemOn[5thF]   Czech Republic. Feb 14 2020 08:55. Posts 15163

Remember TRUMP HIMSELF openly said the markets were already in a bubble in 2006 debate
He knows exactly what he's doing

93% Sure! Last edit: 14/02/2020 08:57

LemOn[5thF]   Czech Republic. Feb 14 2020 09:13. Posts 15163

You wouldn't agree parts of this Stroggoz btw? Seemed pretty straightforward explanation of how the credit system works

93% Sure!  

GoTuNk   Chile. Feb 14 2020 14:02. Posts 2860


  On February 14 2020 07:55 LemOn[5thF] wrote:
Remember TRUMP HIMSELF openly said the markets were already in a bubble in 2006 debate
He knows exactly what he's doing



The world is running on massive deficit trough artificially low interest rates, both private and government, and the bill will eventually have to be pay and crash the markets.
That said, the US economy is orders of magnitude more robust than most other world economies. Morever, the stock market ha gone up so much over the last 4 years that even something bordering a 20% drop would not be such a big deal.

 Last edit: 14/02/2020 14:02

Stroggoz   New Zealand. Feb 15 2020 06:11. Posts 5290

The bill is actually quite low because interest rates are low. Public debt levels are not going to crash anything. Most economic crashes in Americas history were caused by irrationally high private debt that was growing at unsustainable rates.

The video seems accurate lemon, it is very simplified though. It doesn't actually teach why crashes happen. I think hyman minsky's financial instability hypothesis is the best model

One of 3 non decent human beings on a site of 5 people with between 2-3 decent human beingsLast edit: 15/02/2020 06:16

Loco   Canada. Feb 17 2020 18:22. Posts 20963





Klobuchar is on the subcommittee on Border Security and Immigration and doesn't know who the president of Mexico is.

fuck I should just sell some of my Pokemon cards, if no one stakes that is what I will have to do - lostaccountLast edit: 17/02/2020 18:25

hiems   United States. Feb 17 2020 23:28. Posts 2979

Why is Trump such a wise leader?

I beat Loco!!! [img]https://i.imgur.com/wkwWj2d.png[/img] 

RiKD    United States. Feb 18 2020 04:48. Posts 8442

Fucking circus.


Spitfiree   Bulgaria. Feb 19 2020 00:46. Posts 9634

I sometimes wonder how has modern society not completely fallen through considering how its ran mostly by completely incompetent bonobos while built upon fragile structures.


LemOn[5thF]   Czech Republic. Feb 19 2020 08:48. Posts 15163

People believe in it that's why
If people would stop believing in the system working it would stop working

93% Sure!  

RiKD    United States. Feb 19 2020 18:05. Posts 8442


  On February 18 2020 23:46 Spitfiree wrote:
I sometimes wonder how has modern society not completely fallen through considering how its ran mostly by completely incompetent bonobos while built upon fragile structures.



I wouldn't say they are completely incompetent. They are very competent in basically hierarchy manipulation, negotiation, branding, control, public relations, manufacturing consent, all these things and more.


Spitfiree   Bulgaria. Feb 20 2020 01:17. Posts 9634


  On February 19 2020 17:05 RiKD wrote:
Show nested quote +



I wouldn't say they are completely incompetent. They are very competent in basically hierarchy manipulation, negotiation, branding, control, public relations, manufacturing consent, all these things and more.


Thats true, except that does not lead to net value out in the real world. Society can only exist through delivering net value (thus creating rather than destroying)


LemOn[5thF]   Czech Republic. Feb 20 2020 18:57. Posts 15163

Bernie's doing it!
Bloomberg was shit at debate

Can't wait for SNL Larry David and Ben Affleck debates haha

93% Sure!  

RiKD    United States. Feb 25 2020 04:45. Posts 8442


RiKD    United States. Feb 26 2020 01:30. Posts 8442

It's a 1 hr 12 min lecture and about 30 min of Q & A.


RiKD    United States. Feb 26 2020 18:23. Posts 8442


Santafairy   Korea (South). Feb 26 2020 18:34. Posts 2224

as a donservative i'm loving the democrat fireworks

It seems to be not very profitable in the long run to play those kind of hands. - Gus Hansen 

RiKD    United States. Feb 28 2020 17:01. Posts 8442


  On February 25 2020 03:45 RiKD wrote:



So, close yet so far. This fucker wants a "sharing economy" under the framework of capitalism... capitalist realist boomer fuck. But there is a lot of good in the vid. Watch it so we can discuss. I'm dying for a discussion over here.


Loco   Canada. Feb 29 2020 02:13. Posts 20963

fuck I should just sell some of my Pokemon cards, if no one stakes that is what I will have to do - lostaccount 

RiKD    United States. Feb 29 2020 03:24. Posts 8442

I was stoked when I saw zer0 books and then I was really bummed out when it was Stefan Molyneaux.


 
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