Hopefully not. My food has label on it and it says made in China I do not buy it
I drink your milkshake! a metaphor for capitalism
- Thread starter rickyb
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Brown echo
If u are not alive than for sure truth is not real
next time you buy baby back ribs soak it in vodka
I'm not wasting my vodka on ribs..
Brown echo
If u are not alive than for sure truth is not real
You would not no that my brother most of your premium meat product meat you buy at the supermarket ask Driveindriveout he running for a city council.
Lots of fish comes from China I look at a tag on it and if it says China I buy something else
You would prefer the firing squads and reeducation camps of communism?
i prefer neither and i prefer democracy and freedom, not giving a few people all the power which is what capitalism and what you just described does.
The women here are getting hairier since they can't get out to the beauty parlors?
no youre going to have a really bad economy in a few months and they will use the corporate welfare partly to justify cruel cuts.
in greece the class warfare they imposed just made the economy worse. they will do the same here.
Greece didn't impose class warfare. They had a wonderful socialist economy with fantastic benefits for their citizens. Problem is Greece didn't produce enough to pay for the wonderful perks. So they borrowed money and got in over their heads. And now are paying the price for being fiscally irresponsible. So yeah, the average guy on the street is suffering while the rich Greeks are fine. But they did try to do what our Left is clamoring for us to do, provide a nice lifestyle for everyone. That can work in a country with a small population and a valuable resource like oil. Norway being the prime example. Luckily Norway has diversified it's economy so that the recent oil crash won't ruin it. But countries like Venezuela who rely on just their one resource, again oil, or primarily tourism like Greece, risk severe hardship if things don't go their way. And our big rich country can go under too, and we're pretty close to it now, if we build an economy on a house of cards. You can't give everyone a great life by taking from those who work and produce and give to those who don't. Sooner or later not enough are working and producing to support the rest. Happens every time it's tried.
no to the best of my memory the money was lent to the greek govt which was then given to bailout the french and german banks which made bad loans (sound familiar?). also greek govt and goldman fudged the greek govt numbers. the greek debt was unpayable. debts that cant be repaid wont. and then the greek govt was told to impose austerity economics which shrinks the economy and makes it even harder to pay a debt which cant be repaid. i doubt it has anything to do with workers, workers dont have it good anywhere in the world but our expectations are lowered so much to make us think that we do.
i think the thing that will destroy america is the empire and billionaires driving up the debt with bailouts / debt forgiveness for themselves which just happened and happened in 2008.
heres michael hudson hes one of my favorite economists starts around 12:00
Why was Greece given loans? To maintain their social programs while they tried to figure out how to pay for it. Only increased their debt. To get bailed out with even more loans they had to impose austerity because the lenders were no longer willing to increase their risk to people who wouldn't be fiscally responsible. The banks don't print money Ricky. They loan in order to make a profit and pay interest. If they lose that money they have to answer to regulators, share holders, depositors. They aren't going to keep giving away money to countries like Greece to never see it again. No matter what economic system things have to be paid for or the system collapses. The advantage of capitalism that you can't seem to see is it has millions of moving parts that work if those in charge of a particular part stand to personally lose if they aren't responsible and proactive. Communism and socialism centralize power in bureaucracies that don't lose anything if they're inefficient. Ultimately they don't work.
i will rewatch some videos and post them here. in this interview michael hudson says in exchange for getting more money from the IMF they wanted to shrink greeces economy by 1 to 3% a year. now if youre going to pay off a loan (assuming the loan can be paid off which it could not in greeces case), shrinking an economy is not the way to go. the IMF cant knowingly make a loan to a country which they know cant repay it, they admitted it, but they insist on doing it anyways. and michael hudson says this is financial warfare, they are doing a land grab, and its class warfare. he also points out the hypocrisy of the IMF how it gave completely different terms to ukraine on its loan, which had no hopes of paying it back, but brutal terms to teh greeks.
im pretty sure thats not how the system works, but its been a few years since i heard about greece. shareholders are increasingly irrelevant you can look up what ralph nader says about that. wall street did major crime and didnt have to answer to anyone. wall street is again getting debt write offs as we speak. the FED just creates money out of thin air. it hasnt yet led to inflation, its been deflationary so far. look up stephanie kelton, steve keen. the lenders are supposed to assume risk as well. if they make bad loans then they are also losers as well, not just the debtors. and notice how quickly and with how much money the rich get bailed out with. its been up to 10 trillion dollars just recently. they dont have to change anything, they can keep doing stock buy backs and all this crap that led to this crisis.
michael hudson says for the last 50 years every austerity program the IMF has made has shrunk the economy. meaning you aint gonna be able to pay back that debt! no budget surplus has helped an economy grow because you are taking money out of the economy.
and he says thats the point. they dont want you to repay the loan because then they can do land grabs on the cheap. its economic warfare.
the imf works for the bankers and against the interests of its member countries.
Where are they doing land grabs?
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