Dead Weight

Why the global economy can't power on as the U.S. stalls

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  • Posted By: Jim Johnson @ 10/17/2008 7:35:01 PM

    Obama's view of the future of America - Socialism which is the next step to Communism!! He admitted to Joe the Plumber than he wanted to spread the wealth! He said that he wanted to make everyone equal! Is America ready for Socialism? The Iranian president, Ahmadinejad, said today that he is glad to see the end to capitalism in America!! Are you glad?????
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    Under socialism a ruling class of intellectuals, bureaucrats and social planners decide what people want or what is good for society and then use the coercive power of the State to regulate, tax, and redistribute the wealth of those who work for a living. In other words, socialism is a form of legalized theft.

    The morality of socialism can be summed-up in two words: envy and self-sacrifice. Envy is the desire to not only possess another's wealth but also the desire to see another's wealth lowered to the level of one's own. Socialism's teaching on self-sacrifice was nicely summarized by two of its greatest defenders, Hermann Goering and Bennito Mussolini. The highest principle of Nazism (National Socialism), said Goering, is: "Common good comes before private good." Fascism, said
    Mussolini, is "a life in which the individual, through the sacrifice of his own private interests??realizes that completely spiritual existence in which his value as a man lies."

    Socialism is the social system which institutionalizes envy and self-sacrifice: It is the social system which uses compulsion and the organized violence of the State to expropriate wealth from the producer class for its redistribution to the parasitical class.

    Despite the intellectuals' psychotic hatred of capitalism, it is the only moral and just social system.

    Capitalism is the only moral system because it requires human beings to deal with one another as traders--that is, as free moral agents trading and selling goods and services on the basis of mutual consent.

    Capitalism is the only just system because the sole criterion that determines the value of thing exchanged is the free, voluntary, universal judgement of the consumer. Coercion and fraud are anathema to the free-market system.

    It is both moral and just because the degree to which man rises or falls in society is determined by the degree to which he uses his mind. Capitalism is the only social system that rewards merit, ability and achievement, regardless of one's birth or station in life.

    Yes, there are winners and losers in capitalism. The winners are those who are honest, industrious, thoughtful, prudent, frugal, responsible, disciplined, and efficient. The losers are those who are shiftless, lazy, imprudent, extravagant, negligent, impractical, and inefficient. [What about the role of luck­being in the right place at the right time or the wrong place at the wrong time? R. R. Pope}

  • Posted By: phiomalibumalibu @ 09/12/2008 5:28:19 AM

    The equity in the world is constantly shifting. I have been following this closely and it's easy to see which markets open up the hot equity. Following it can be challenging but most of the information is available at
    hotequity dot com. Follow the global equity, and keep your money safe!

  • Posted By: Pepx @ 09/12/2008 4:58:05 AM

    While apparently right, let's remember that europe have been waging a war on prices and inflation, oil prices soared, food prices did the same and that stole purchasing power to the people, this was true for all the world across the world, and while in US, distressed financial institution received cash from the FED and a great interest rates cuts, this wasn't true for much of Europe and Japan.
    Decoupling isn't a theory it's more a reality, but the factors weghting down the world economies are others, and indeed fueled by China, India and Speculators in the oil and food markets, by doing this he ability to depend more in domestic demand have been restrained, let's not forget that countries such Brasil and even Switzerland quickened up the second quarter, Mexico a big exporter to US slashed it's GDP forecast and not as much as Europe or Japan, it keeps growing at near 3% rates.
    Decoupling it's more a reality and a more viable scenario in this current world, but have failed to prove it's magic due other factors and that non US central banks are much more worried about inflation, with this are making credit more expensive.

  • Posted By: Pepx @ 09/12/2008 4:57:10 AM

    While apparently right, let's remember that europe have been waging a war on prices and inflation, oil prices soared, food prices did the same and that stole purchasing power to the people, this was true for all the world across the world, and while in US, distressed financial institution received cash from the FED and a great interest rates cuts, this wasn't true for much of Europe and Japan.
    Decoupling isn't a theory it's more a reality, but the factors weghting down the world economies are others, and indeed fueled by China, India and Speculators in the oil and food markets, by doing this he ability to depend more in domestic demand have been restrained, let's not forget that countries such Brasil and even Switzerland quickened up the second quarter, Mexico a big exporter to US slashed it's GDP forecast and not as much as Europe or Japan, it keeps growing at near 3% rates.
    Decoupling it's more a reality and a more viable scenario in this current world, but have failed to prove it's magic due other factors and that non US central banks are much more worried about inflation, with this are making credit more expensive.

  • Posted By: topcat2001 @ 09/12/2008 1:56:13 AM

    Lets stop the politics and get back to the story. I have always believed that we are getting more coupled due to increasing global trade than being decoupled.
    But there is no doubt the US share of the world economy has gone down significantly but due to increased trade their impact on the other economies remains still nearly the same. What this means conversely is that India and China are starting to have an increasing effect on the US economy. That really is still the story that is not being told fully by the press except for passing references to India and China affecting oil and food prices.
    Instead the press and the politicians in this country are focused on who put the lipstick on the pig and the pitbull. And average Americans dont know any better. I think only the votes of those people who pass a basic domestic and international affairs quiz should be counted. Even if these people cant make policy decisions on these matters they will atleast know enough to see which candidate is lying and who is being somewhat more truthful.

  • Posted By: vicious maniac @ 09/12/2008 12:17:33 AM

    EVIL: Republicans are attempting to block certain voting groups who've lost their homes in foreclosure from voting. Please pass this on, and demand the mainstream media bring attention to this and not lipsticks and pigs.

    http://www.michiganmessenger.com/4076/lose-your-house-lose-your-vote

  • Posted By: ginamlaster @ 09/11/2008 10:30:09 PM

    And the moral of the story is: If you are leader of the free world, DON'T elect a greedy retarded chimp as your president. And if you do, don't expect the world to thank you for nominating a geriatric D-student who might die at any moment (and the piece of cheesecake he's picked as a running mate) to fix all the expensive stuff the chimp broke.

  • Posted By: olderwiser @ 09/11/2008 7:50:53 PM

    Well, duh, can't prosperity last forever?

    • Posted By: olderwiser @ 09/11/2008 7:52:43 PM

      This is Nader's chance. All he has to do is promise that "prosperity is just around the corner". He'll be a shoo in for the presidency.

      • Posted By: TheVigil @ 09/11/2008 8:10:19 PM

        I'm a registered Green and I will never vote for Nader at this point. The man is a train wreck both personally and politically. When I heard him admonish Obama for "talking white" I realized his ego has outgrown his capacity to help society.

        Besides, the Green Party nominee is Cynthia McKinney.

      • Posted By: olderwiser @ 09/11/2008 7:59:07 PM

        China has had some good ideas in its many centuries of philosophy. One of these is Yen and Yang. This is a concept described as one of the two, yen and yang, always being in control while the other is dormant. If things are going well in the period of yen, then you need to be mindful that yen always plays out at some time in the future and yang will come to replace it with adverse circumstances. Ah, but when yang is in charge, there is cause for optimism because yang will get tired and yen will come to replace it.
        We have been in a state of prosperity for some years now, in a nice period of yen. It is time to prepare for yang as it looms to shake up our comfort generated by all the prosperity. But let it come, because then we can look forward to the return of yen.
        They invented pasta, too. I love pasta.

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