The curse of cheap money

[P_Funk]

Originally Posted by SUBMAN1

Perfect! It now has become expensive to export from Canada. This hurts you more than helps you if you know anything about economics. All a sudden, your jobs are about to get exported! Maybe even to America.

Just an economic reality we gotta face. We can't base our country's prosperity on the concept of a powerful American dollar and expect to leech off that economy forever. Times change and if Canada doesn't want to get screwed over by being faithful traditional subserviance to the Yankee buck then we'll figure it out.

This shifts our jobs to more lucrative positions than manufacturing. Yes, loosing manufacturering does hurt the working class with only manufacturing skill, but for those of us with a broader set of abilities, it has actually helped.

HA! I like the way you described how it hurt the working class as if it were just... minor. If its harder for people with few skills to get ahead cause of this isn't this possibly limiting their opportunities to advance? Its not very fair for a working class kid who's family can't afford post-secondary is it. Not to mention the fact that every economy needs low skill workers. You can't go on and on about China and not trading with meanwhile downplaying the damage to your own manufacturing ability at home.

Everyone is always so ready to shrug it off when the working class take a hit cause of something that has absolutely nothing to do with them.

By the way, that is a myth about rich people. If you analyze it, rich people pay more taxes than anyone else.

-S

Where did I talk about taxes? You're not telling me that capitalism believes taxation is the only way for those without control of the means of production to earn a share of the pie are you? Because I thought that capitalists thought that the wealth which the few control would trickle down to the multitude through the active involvement in the economy of the machinery of said wealth's production. If all this wealth is being made over there and nobody over here is even involved in most of the process where does the trickling happen? Notice the explosion of possibilities in China and the dimishing of them here. This is where the socialists start to feel very confident that the capitalists are full of it. Talking about how this helps the middle class by shifting the economy etc... sheesh. Thats like saying "well your house burned down Jim. I suppose that frees you up to find a new one". Nevermind that alot of people don't have the means to find a new one. This is where the blame for being such a lame competitor in the market starts up.

I'm not saying socialism is the answer, but this is where all us crazy lefties get the motivation to think differently.

[The WosMan]

You know, this forum is filled with people who are experts, bull-s&$ters, armchair generals, and folks who are legends in their own mind....but it makes me laugh and I enjoy it.

Unlike some people here, I actually work in the finance and banking industry. My professional opinion is that nobody really knows what the hell is going on and everyone is guessing. I have even heard conspiracy folks mentioning that the US government is intentionally devaluing it's currency in order to prepare for the "Amero". I will say this, both Greenspan and Bernake are not the experts and geniuses that people think they are. This mortgage and housing problem was exacerbated in part because the federal, state, and local governments put pressure on banks to make loans to folks they should not make but you have Hillary and the rest of these morons complaining about predatory lending and how they are going to bail people out. Bail outs would be the biggest mistake. People need to learn from their mistake and get burned to teach them a lesson.

[Iceman]

one dollar U.S. will make you a millionare over there in Zimbabwe!...Im saving my money and moving there then lol...jk...be nice when we reach the point of enlightment and realize money is silly and no one can posses all the land....maybe the poor 90% will take the rich 10%s back and figure out how to live on the planet in peace and harmony...

I still am reminded of George Carlins analogy of the planet just shaking us all off like a dog shakes off water...that is a funny picture in the mind lol.

Such bright suunny news here always lol

[Iceman]

Originally Posted by The WosMan

You know, this forum is filled with people who are experts, bull-s&$ters, armchair generals, and folks who are legends in their own mind....but it makes me laugh and I enjoy it.

Unlike some people here, I actually work in the finance and banking industry. My professional opinion is that nobody really knows what the hell is going on and everyone is guessing. I have even heard conspiracy folks mentioning that the US government is intentionally devaluing it's currency in order to prepare for the "Amero". I will say this, both Greenspan and Bernake are not the experts and geniuses that people think they are. This mortgage and housing problem was exacerbated in part because the federal, state, and local governments put pressure on banks to make loans to folks they should not make but you have Hillary and the rest of these morons complaining about predatory lending and how they are going to bail people out. Bail outs would be the biggest mistake. People need to learn from their mistake and get burned to teach them a lesson.

Great post...I watched the Rev Jesse Jackson get asked about this problem this morning and he had the balls to say that Blacks were purposly targeted for loans they couldnt afford and claming discrimination..to me all that says is you are admitting blacks are just more ignorant than whites...and I do not believe that ...people need to learn and pay for they're own mistakes and shortsightness...period...let the banks sit on ther property and to me it will just force them to lower the price on homes and the market will readjust naturally.

[Jimbuna]

Originally Posted by Iceman

Great post...I watched the Rev Jesse Jackson get asked about this problem this morning and he had the balls to say that Blacks were purposly targeted for loans they couldnt afford and claming discrimination..to me all that says is you are admitting blacks are just more ignorant than whites...and I do not believe that ...people need to learn and pay for they're own mistakes and shortsightness...period...let the banks sit on ther property and to me it will just force them to lower the price on homes and the market will readjust naturally.

Two great and enlightening posts guys

[The WosMan]

Originally Posted by Iceman

Great post...I watched the Rev Jesse Jackson get asked about this problem this morning and he had the balls to say that Blacks were purposly targeted for loans they couldnt afford and claming discrimination..to me all that says is you are admitting blacks are just more ignorant than whites...and I do not believe that ...people need to learn and pay for they're own mistakes and shortsightness...period...let the banks sit on ther property and to me it will just force them to lower the price on homes and the market will readjust naturally.

Right, well that is how the poverty-pimps and race-baiters like Sharpton and Jackson make all their money. What they do to earn a dollar is no different than the mafia extorting businesses for cash.