OT: Epstein
- Thread starter Cruel Halo
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Does it really matter when it’s greatest increase in overall wealth in the world? United States has generated more wealth than any other country in the last 100 years, by large margin. Inflation is global and the US has been far less affected by inflation than 90% of the rest of the world and we’ve generated more wealth than any other country. There it is… You don’t have to calculate any of that if you already know we’ve had the largest wealth growth in the world (more than most of the world combined) and we’re one of the least affected by currency inflation. If you know those 2 things you know our economic system has been the world’s most successful. Which was my main point to begin with.
Why would we trash the most successful economic system the world has ever seen for some sort of hybrid capitalist/socialist/communist system when socialism and communism have proven to be less effective in creating wealth and growing the middle class? And that’s giving leftist economic philosophies the benefit of the doubt, some want full blown communism and/or socialism. Which have been unequivocally proven to be failures.
I’m all for improving our economic system where it makes sense and I’m all for the exploitation and analysis of alternative and potentially better economic systems. But when you’re the best in the world and the best the world has ever seen by a large margin… You don’t just start changing things for the sake of change. (progressives) Let other countries experiment with new radical economic systems and if they find something that works I have no doubt Americans will adopt it and do it better. Just like Britain did with us in the 1700s. They were the most dominant country economically at the time and they let poor up starts like us and Russia play around with new radical economic systems. And well before the advent of communism it became clear that capitalism was the world’s greatest economic system and they adopted it as quickly as they could. Consequently they’re still one of the world’s most dominant economic powers and if it wasn’t for 2 world wars (especially wwII) Britain might still be the most dominant economic power, without the United States vast natural resources.
Agree with most if not all of this. Don't forget that a lot of these mega wealthy people have a large amount of their net worth tied up in stocks that can fluctuate wildly. And some of these stocks aren't even really that profitable. It isn't like back in the 1800's when a mega wealthy family owned a bunch of super profitable companies and usually land. Look at Elon. He has lost $121 billion in net worth since December 17th. And that was before today....
Sadly, what I think most progressives don’t understand, (and I’m not aiming this at you specifically) is the world had one basic and dominant economic system for roughly 3000+ years, feudalism. Now the term wasn’t coined until the 1700s (labeled if you will) but in one form or another the world economic structure was based on local/regional feudalism.
Capitalism is only about 250 years old and its global success has surpassed anything our founders could’ve ever imagined. Capitalism is just an infant compared to humanity’s thousands of years under feudal economic systems. And I know progressives are defined by change and seek change for the sake of change, but people, we don’t have a better system to change to yet. Relax, then get a job.
Agree. I know this upsets people, but I'm not really much of a progressive. I just want a moderate in power. Don't care about parties.
People bitching about the markets don't realize they're overbought by 2 years. We are long over due for a huge corrections across the board.
The prices are ridiculous and companies with negative earnings, ****** revenue and increasing debt are trading 30× to 40× earnings. It makes no sense.
The stock market is a legal ponzi scheme. Look at RGTI, it has 285M shares outstanding and was trading its float every 3 days.
The prices are ridiculous and companies with negative earnings, ****** revenue and increasing debt are trading 30× to 40× earnings. It makes no sense.
The stock market is a legal ponzi scheme. Look at RGTI, it has 285M shares outstanding and was trading its float every 3 days.
It has morphed into a different group of conversations I've ever seen on any Rivals boad in 20+ years.
Has anyone heard from Pam Bondi?
Check my receipts. Bond market told us a recession was coming far before the election. Not sure why you’re labeling me a radical..
If you want prices to go down and restore purchasing power then a deflationary recession is the only way.
I never received a stimmy check … my condolences to you
You know a thread is like a river
Ever changin' as it flows
And the poster’s just a vessel
That must follow where it goes
Trying to learn from what's behind you
And never knowing what's in store
Makes each day a constant battle
Just to stay within the rules…
You know what I like about markets being crushed? People panicking brings me cheaper prices!
So either you were wrong, or you lied with the intent of purposefully being misleading. Either one discounts your opinion quite heavily.
"People being rich is bad for poor people" is a simpleton's view of the world.
Again, poor people don't create jobs. Poor people don't provide shelter. Hell, the median income for a US farmer is well over 6 figures.
If you want to believe that the US is some "A Tale of Two Cities" come to life, that's your right. Unfortunately, you have to answer for why the US is top 5 in median income to make that work. What makes that number so incredible is that the US houses nearly 40% of the world's millionaires and nearly 30% of the world's billionaires. Compare that with countries trailing just behind like China/India who don't even scratch the top 50 of that list.
Can you illustrate exactly how it is that a billionaire has taken money away from you in any tangible way, similar to how the government directly skims your wages?
I'll save you time on another failed google search and tell you that you can't.
Hilarious considering our current President would've been considered a democrat 20 years ago.
the modern democratic party is a group of war-mongering neocons that have an irrational white guilt and love for trannies & gays.
Bond market inversion is not 100% predictive of a recession. The fed told us we had avoided a recession, and we had until….
There are many economists who describe the great depression as a big deflationary recession. So if you want more of that, I don’t think you’re going to get a lot of takers.
Except for the fact that our current president is against affirmative action, against separation of powers, against social programs, against gay rights, against education. Other than that and a few other dozen things, you may have a point.
I don’t care one way or the other about trannies and gays, other than they should be treated fairly. I think it’s a mistake for them to allow their gender to define them.Allowing transgender women to compete in women’s sports is not equal treatment, it’s unfair treatment of the women who are competing against them.
Some people believe for someone to be rich someone else has to be poor. Same people believe that banks take your money to loan out to others. They don’t understand banks loan money into existence.
No but it’s very good predictor. The sahm rule is also very good at predicting recessions. Both were triggered during Biden’s tenure - Big Daddy Buffett starting selling off stocks once these were triggered
Deflationary recessions are bad for the rich and over-leveraged investors - they are very good the middle class and savvy investors as it restores purchasing power
He's not, but all normal people have realized you're too dumb to believe otherwise. I genuinely hope you weirdos keep acting like this, your team will never will another election at this rate. I'm begging you to not become moderate.
ps, your test results came back again
You’re wrong on every point above. Quit filling your head with tv propaganda.
I like how he keeps taking the same test hoping for different resultsHe's not, but all normal people have realized you're too dumb to believe otherwise. I genuinely hope you weirdos keep acting like this, your team will never will another election at this rate. I'm begging you to not become moderate.
ps, your test results came back again
But Hillary’s emails and DEI??? Mkt is down another 700 points. Time to put your red hat away!
But felonies and jail time. And what happened the democrats imploded in miraculous fashion
Gas will get down to $50 a barrel.
Imagine being against cheaper prices aka deflation like retard @61bigredfan
Oil? The price of oil is perfect right here. $50 oil will stop some, if not a lot of new drilling and exploration. We are in the sweet spot right now. Gas should hopefully come down a little.
The only thing that would have made that clip better is is the cops would have tased and billy clubbed him after he took the brick in the dome and the ding dong.
OK, so you believe everything posted by the king of ketamine? And do you believe that the folks in charge are going to make things better for you? Do you think that they’re going to send any money back to you? improve your lot in life? Good luck with that.
I never loved the guy. I think his cars are overpriced. I think the cyber truck is a piece of crap. I’m also not a big fan of somebody who has 10 or 11 children by three or four different mothers but that’s just me. I understand you may feel differently.
Oh so passive aggressive. Just stating a fact that the Democratic Party loved the guy. If you didn’t know that you aren’t as clued in as you think you are
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