Why do the poor have more free time?

[Tchocky]

Originally Posted by ASWnut101

So, you would need new currency because your trade was so poor? Doesn't that just point to a bad economy, all to geather?

No.

Originally Posted by Tchocky

Um, a new currency was formed to make trading easier and remove speculators. Good idea, too.

Trading with who? The EU, and specutalors still exist. Currency is exchanged by speculators gambling on highs and lows every day of the week. I think they call it arbritage.

[Tchocky]

Originally Posted by waste gate

Trading with who?

Internal trading within the Union. It removes exchange rate costs, which can be a real pain if you're doing cross-border business. It's also wonderful for traveling, holidays and the like. The change I get from a fiver in Dublin can buy me a newspaper in Koln. I love that.

The EU, and specutalors still exist. Currency is exchanged by speculators gambling on highs and lows every day of the week.

I know what currency speculating is. And I know that currency speculators still operate. But no longer do they bet on Eurozone currencies, because my golly there's only one. I thought that was obvious.

Originally Posted by Tchocky

Internal trading within the Union. It removes exchange rate costs, which can be a real pain if you're doing cross-border business. It's also wonderful for traveling, holidays and the like. The change I get from a fiver in Dublin can buy me a newspaper in Koln. I love that.

I know what currency speculating is. And I know that currency speculators still operate. But no longer do they bet on Eurozone currencies, because my golly there's only one. I thought that was obvious.

If everyone uses the euro you are not really trading, you are purchasing.

Yous aid in one post that it stops speculating and in the next that you know it goes on. Make up yur mind and realize that you have given away your sovereignty for the Orwellian lifestyle you claim to dislike so much. 'You are the Eastern Block'.

[Tchocky]

Originally Posted by waste gate

If everyone uses the euro you are not really trading, you are purchasing.

Explain the difference. Actually, explain the whole post. Maybe I'm thick, but I don't follow.

Yous aid in one post that it stops speculating and in the next that you know it goes on. Make up yur mind

Waste gate, read this next part very slowly.

Post 1: a new currency was formed to make trading easier and remove speculators.
Post 2: currency speculators still operate. But no longer do they bet on Eurozone currencies

Originally Posted by Tchocky

Explain the difference. Actually, explain the whole post. Maybe I'm thick, but I don't follow.

Waste gate, read this next part very slowly.

Post 1: a new currency was formed to make trading easier and remove speculators.
Post 2: currency speculators still operate. But no longer do they bet on Eurozone currencies

Read this very, very , very carefully Tchocky. I've already replied or given statements to these topics.

The EU's economy, measured by Gross Domestic Product (GDP), was over 40 percent larger than the U.S. economy in 2004. However, when measured by purchasing power parity, which adjusts for living standards and costs, EU-25 and U.S. GDP are nearly equal. In per capita terms, U.S. per capita GDP is about 50 percent higher than that for the EU-25. The United States has grown faster economically in the early 2000s than the EU.

The poor still have too much leisure time and I want some back!!!

[Tchocky]

Originally Posted by waste gate

Read this very, very , very carefully Tchocky. I've already replied or given statements to these topics.

No, you haven't. You haven't explained what the difference is between purchasing and trade, and I was looking forward to it
Ok, benefit of the doubt. You've replied? Please point me towards the replies/statements. I can't see any, but I might be looking in the wrong places. Link me to the posts where you've replied or stated your position. By the way, don't say "I dont answer questions to which you already know the answer", you've done that before and it's not an answer. If you don't want to answer, just say No.

The EU's economy, measured by Gross Domestic Product (GDP), was over 40 percent larger than the U.S. economy in 2004. However, when measured by purchasing power parity, which adjusts for living standards and costs, EU-25 and U.S. GDP are nearly equal. In per capita terms, U.S. per capita GDP is about 50 percent higher than that for the EU-25. The United States has grown faster economically in the early 2000s than the EU.

You left out the "-15" that comes at the end of that sentence, the removal of those ten countries make quite a difference.

You also left out the part of the sentence that explains the per capita GDP gap. It should read "The United States has grown faster economically in the early 2000s than the EU-15, and with the relatively poor 10 new member states, U.S. per capita income has moved to a significantly higher level than that of the EU-25."

That was from the USDA (link below), and it would be nice in future if you could provide links/sources for your materiel. Use all the resources you like, but don't tailor them to fit your argument and try to pass it off as your own work. I'd like to think that this was an accident, but you've done this before.
http://www.subsim.com/radioroom/show...9&postcount=11
http://www.ers.usda.gov/Briefing/Eur.../basicinfo.htm

[bradclark1]

Originally Posted by waste gate

If you think it's OK to redistribute income but repellent to redistribute leisure, you might want to ask yourself what—if anything—is the fundamental difference.

http://www.slate.com/id/2161309/nav/tap1/

Could it be something as simple as higher educated have better paying jobs but they are also salary and expected to work more. Hourly employees are hired for the 40 hours but the bottom line drives how many hours they put in. As an example a department store makes a good profit during Christmas so employees have 40 or more hours, but after Christmas business drops way off so hourly employees work hours are cut back as an attempt by the store to compensate.
It doesn't seem like rocket science to me.:hmm:

[joea]

Waste gate, your handle is quite appropriate. :rotfl:

[Sixpack]

I began typing, but will cut it short, since this topic has too many aspects.

Kind of sorry to see this USA economy versus Europe economy topic develop, but then again; we are competitors in the global market, and I say the United States of Europe shouldn't hold back. And that's only putting it short and mildly. With plenty more agressive and competitive guys such as I in Europe (no safety nets), USA, China and India would be mere European colonies

[Letum]

Originally Posted by Sixpack

I began typing, but will cut it short, since this topic has too many aspects.

Kind of sorry to see this USA economy versus Europe economy topic develop, but then again; we are competitors in the global market, and I say the United States of Europe shouldn't hold back. And that's only putting it short and mildly. With plenty more agressive and competitive guys such as I in Europe (no safety nets), USA, China and India would be mere European colonies

would be mere European colonies.........again.

[Sixpack]

Copy that

[Bertgang]

I can't understand why this discussion took this turn.

On my point of wiew, UE and US and the so called third world have very little to do with the starting post.

Here is only matter of wrong and stupid use of statistics.

I have a relationship with one of the richest man of my country (not Berlusconi, anyway) and I could agree that, forced by his businnes, he really has very short free time.
His sons and daughters, anyway, have more free time than anybody I could think: they simply waste their lives dropping off the window daddy's money.
I also know another one with the same attitude: he was rich, now is poor, never made something intelligent during about fourty years of life.

Someone really poor has probably plenty of free time, as an unemployed homeless hardly can spend his days working; not by his choice, simply by a nasty doom hard to modify.

A sort of slave, with a terrible job in mines, fields, illegal factory, and so on has very little free time; maybe he doesn't know at all these strange words.

I could break the fingers to the idiot who wrote the rewiew.

[Fish]

Originally Posted by waste gate

Which is why your economies are always at the edge of disaster.

The Netherlands :

Economy - overview:

The Netherlands has a prosperous and open economy, which depends heavily on foreign trade. The economy is noted for stable industrial relations, moderate unemployment and inflation, a sizable current account surplus, and an important role as a European transportation hub. Industrial activity is predominantly in food processing, chemicals, petroleum refining, and electrical machinery. A highly mechanized agricultural sector employs no more than 2% of the labor force but provides large surpluses for the food-processing industry and for exports. The Netherlands, along with 11 of its EU partners, began circulating the euro currency on 1 January 2002. The country continues to be one of the leading European nations for attracting foreign direct investment. Economic growth slowed considerably in 2001-06, as part of the global economic slowdown, but for the four years before that, annual growth averaged nearly 4%, well above the EU average.

https://www.cia.gov/cia/publications.../print/nl.html

That is a nice description Fish. But the essence is in the numbers and compared to Samolia your nation is certainly an achiever.

The problem is that your economy being well above the EU average is holding you and your nation back. Another nation is pulling the average down and your nation as a consequence. The creation of the EU has pulled the Netherlands into that race for the bottom that is the hallmark of socialist societies.

GDP: $612.7 billion (2006 est.)
Debt: $1.899 trillion (30 June 2006)

Your county's debt is better than three times its income.