Politics thread (USA Elections 2016) - Page 204

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

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

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

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.

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

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

Why is Trump such a wise leader?

Fucking circus.

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.

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

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.

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

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)

Bernie's doing it!
Bloomberg was shit at debate

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

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

as a donservative i'm loving the democrat fireworks

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.

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