Yubel
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I don't think even you know what you're talking about.
[Discussion] Is Capitalism moral?
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SasukeTheEmo
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I don't think you know what you're talking about, normie.
Aim64C
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It has a 100% failure rate. Every nation that has tried to implement socialism has collapsed as human beings are free agents that operate outside the strict constraints of a centrally planned economy. Every system that has attempted to create hybrids has a 100% failure rate for the same reason.
Socialism requires central planning, authority, and control. Without it, the result is hyper-inflation and collapse. With it, the result is supply shortages and collapse.
As I said: a 100% failure rate.
[video=youtube;RapC2-oxSRM]https://www.youtube.com/watch?v=RapC2-oxSRM&index=1&list=PLE88E9ICdiphAa6qPnJa7Ae4K2WKYb32J[/video]
Our economy has already failed and is simply continuing on limited inertia. It will not be long until Quantitative Easing round 4 is initiated and we join China in a race to the bottom with our currencies. Industry orders are falling flat and warehouses are stacked to the rafters in an attempt to give the illusion that there is still an economy to speak of.
It's a 100% failure rate.
Always has been, always will.
Fresco
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Scandinavia along with Canada, NZ, Switzerland, and Australia all have a combination of socialism and capitalism. The Nordic countries along with Switzerland are doing quite well, so you're basically talking out of your ass. From a historical standpoint, you're also off-base given the success of the US during the 50s and 60s, with most of our problems today stemming from the neo-liberal policies of Reagan, Clinton, and Bush.
Also, I always knew you were a complete nutcase. No mainstream economists takes Peter Schiff or most Austrian ideas seriously.
And again, what are you even talking about when it comes to our economy? Its been generally improving since 08.
It would help taking a principles of economics course instead of getting your info from conspiracy nuts :lol
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SasukeTheEmo
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Absolute Monarchy or gtfo.
Aim64C
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Once again, a 100% failure rate. You just mentioned a host of failed, bankrupt nations that are continuing upon inertia, alone.
Most mainstream economists predicted the Federal Reserve would raise rates last Thursday.
The Federal Reserve did not.
It has done anything but.
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The fact that inventory is spiking while factory orders are decreasing means that trade volume is not moving.
This is precisely why China devalued the Yuan. As they, themselves, stated - they were attempting to devalue their products so as to prompt purchasing of their products due to the increased purchasing power of foreign currency against the Yuan. China is trying to clear warehouse inventory just as the U.S. has been trying to stimulate its own manufacturing inventory through tax rebate programs, "cash for clunkers," etc.
The cash injections provided by QE 1-3 have saturated the markets and inflated prices - primarily in real-estate, where we sit atop an even larger inflationary bubble than we did in 2008.
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The same trend appears OUTSIDE of manufacturing and simply in wholesale markets.
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Housing prices are inflating to soak up the massive amount of printing that occurred to bail out banks and 'quantitatively ease.'
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The same inventory issue appears in Canada.
Ever wonder why the car lots are expanding?
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It's because they have more cars than anyone cares to buy. All of those bailouts and quantitative easing were used to purchase automobile manufacturing that no one wanted or demanded. The car lots are overflowing and they are practically offering a lifetime of free blow jobs with a purchase, these days.
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Labor participation is at considerable lows.
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Velocity is screeching to a halt. This is part of the reason why we are seeing deflation in the market place. Increased market velocity has the same effect as an inflation of the currency supply. Prices drop in an attempt to spur purchasing - hence, deflationary.
And what is that supposed to give me?
Basic economics would suggest that when labor participation is dropping while inventory to sales ratios across the globe are rising... and nations are issuing bonds for their currency hand over fist.... that the economy is not "recovering."
One could even go so far as to suggest it is 'failing.'
Since the only option left for the Federal Reserve (and the world, as their economic systems are fiat currency backed by the fiat currency of other nations that are also printing money like mad) is to print money, since they can no longer lower interest rates... that is what they will do.
The result is hyper-inflation of every currency on the planet and a collapse of the economic system as we know and understand it, today.
At this point, it is simple mathematical certainty and the statistics simply reinforce that it's finally coming due to pay the piper. The only option left is to default or to print - and the decision has, historically, always been to print into oblivion.