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What's with the US dollar?!

  • #281
  • Apr 12, 2011 11:28am Apr 12, 2011 11:28am
Quoting the redlion
very true custos.

Humans are have no rights, are animals nothing special.
Where did you learn that from? How old are you? Is this what they teach kids in school now. LMAO.
Don't wish it were easier, wish you were better. ~ Jim Rohn
  • #282
  • Apr 12, 2011 11:34am Apr 12, 2011 11:34am
We should be careful knocking China. It was the USA in the last great depression who called in loans from Germany, destroying the German banking system. Guess what happened next...
Gone to a better place
  • #283
  • Apr 12, 2011 11:35am Apr 12, 2011 11:35am
Quoting LasVahGoose
Fine, how does it benefit the U.S. to have the Yuan appreciate against the dollar?
You might stop importing from China as their goods become too expensive or companies like Apple will stop manufacturing in China as it doesn't become cost effective anymore.

In turn, the US will reduce the trade deficit and they might start becoming a net exporter as the dollar has been seriously reduced in value to other currencies as well as the Yuan.

US manufacturing industry will grow and surely that is beneficial!
  • #284
  • Apr 12, 2011 11:40am Apr 12, 2011 11:40am
Quoting LasVahGoose
Where did you learn that from? How old are you? Is this what they teach kids in school now. LMAO.

answer me some questions.

when you are born. what kind of GOD given rights do you have?

suppose i said you dont have the right to speak until spoken to. you will obay or i will chop off a limb. (freedom or the right to speak is now gone)

if we were to have a society where females had no sexual rights. Any male at any time could take them whether they liked it or not. now females would have not sexual rights. They try to rebel they get killed, beaten or tortured.

can you really say we have rights just because we are human?
are we not mammals? just like a cow except our intellect helps us exploit them.

where are the cows rights? ............unless we give it to them

my age has nothing to do with it. i'm 25 years old and i make more money, am smarter and wiser than most 40 + people i know
AVT INVENIAM VIAM AVT FACIAM
  • #285
  • Apr 12, 2011 11:42am Apr 12, 2011 11:42am
Quoting bbakker
You might stop importing from China as their goods become too expensive or companies like Apple will stop manufacturing in China as it doesn't become cost effective anymore.

In turn, the US will reduce the trade deficit and they might start becoming a net exporter as the dollar has been seriously reduced in value to other currencies as well as the Yuan.

US manufacturing industry will grow and surely that is beneficial!
I think it would take a lot to see US manufacturing come back (maybe take a decade or two), but I agree it would be beneficial. I don't see it happening though, even if the Yuan appreciates because the Chinese will consume their own goods and at that point Apple would have a bigger market in China then in the U.S. I don't know... But, I see your point.
Don't wish it were easier, wish you were better. ~ Jim Rohn
  • #286
  • Apr 12, 2011 11:42am Apr 12, 2011 11:42am
Quoting LasVahGoose
Where did you learn that from? How old are you? Is this what they teach kids in school now. LMAO.
So way back in the day one crazy cave man beats another to death...what do the other cave men do???? they just stay the hell away from that crazy cave man or sneak up on him and beat him to death...where were the human rights....they are not god given...us humans through evolution created human rights...if we didnt we'd all still be runnin from that crazy ass cave man!!!
Venture out and Thrive where there is no Supervision... R.L
  • #287
  • Apr 12, 2011 11:43am Apr 12, 2011 11:43am
Quoting georgem
It is still the middle class who is creating the most jobs.

The rich tend to hoard their money in hedge funds and purely financial instruments.
The middle class tends to more directly re-invest in real economy.
I agree.

It seems people have a negative stance towards their fellow citizens: as if the others are playing a game to see who can get the most subsidies.
Maybe what I am about to say comes from the environment I grew up in. The people in my environment I consider hard working and well educated. Anyway, I have come to depart from the viewpoint that people are generally good, and that they want to contribute to society. Consequently, I am willing to contribute to our social security, and want to treat people the way I would like them to treat me.
But, if I work hard, I don't need social security, so I don't need to provide others with financial aid, right? As Taleb often emphasizes, outcomes are affected by randomness. So, what if a streak of bad luck hits you?

Also, concerning the fact that monetary rewards stimulate entrepreneurial activity: Entrepreneuring by nature is a high risk, high reward strategy. There is a great probability that your new company will fail in the first years, but if it succeeds, a nice income can be expected. If you allow for the randomness factor, isn't the presence of a social safety net something that stimulates the entrepreneurial spirit? This means the "lucky ones" support the "unlucky ones", so that the "unlucky ones" can maintain somewhat of a decent life.

I am a big fan of the social welfare states that is present in some countries in Europe, and I am not surprised that those countries are often considered the best to live in.

Also, historically governments have been important in facilitating economic growth, for example through developing institutions and infrastructure. Taxation (either direct or indirect) is a part of that. Last but not least, governments aren't inefficient by default, and through their democratic rights, the public should ensure that (either big or small) governments operate at least sufficiently efficient.
The nail that sticks out gets hammered back in
  • #288
  • Apr 12, 2011 11:47am Apr 12, 2011 11:47am
Quoting the redlion
answer me some questions.

when you are born. what kind of GOD given rights do you have?
For starters you have a right to your own life, simply by being born. You don't need a government to give that to you, because they can't. It is self evident. Your body is your own property and you have every right to defend it and you have every right to live.

Pretty simple?

Quote
my age has nothing to do with it. i'm 25 years old and i make more money, am smarter and wiser than most 40 + people i know

I was just curious because you sounded like you were young.
Don't wish it were easier, wish you were better. ~ Jim Rohn
  • #289
  • Apr 12, 2011 11:48am Apr 12, 2011 11:48am
Quoting LasVahGoose
I think it would take a lot to see US manufacturing come back (maybe take a decade or two), but I agree it would be beneficial. I don't see it happening though, even if the Yuan appreciates because the Chinese will consume their own goods and at that point Apple would have a bigger market in China then in the U.S. I don't know... But, I see your point.
One thing is for sure. The US financial sector is oversized, and its sheer size could only have been the result of an endless amount of capital flowing in from primarily Asia and the indebting of US citizens.
Both will stop, and in 10 years Wall Street will be less than half its current size.
The nail that sticks out gets hammered back in
  • #290
  • Apr 12, 2011 11:50am Apr 12, 2011 11:50am
Quoting FXWHEELS
So way back in the day one crazy cave man beats another to death...what do the other cave men do???? they just stay the hell away from that crazy cave man or sneak up on him and beat him to death...where were the human rights....they are not god given...us humans through evolution created human rights...if we didnt we'd all still be runnin from that crazy ass cave man!!!
CAVEMEN! OMG!
Don't wish it were easier, wish you were better. ~ Jim Rohn
  • #291
  • Apr 12, 2011 11:51am Apr 12, 2011 11:51am
this is side track convo her but i really want you to re consider your thoughts.

ponder on this.

why was government created? was it not to protect our property, intellectual, physical and economic? when we are born, you are mistaken, we have NO rights. any one could have stolen our cattle, raped our women, killed our familiy so we came up with the rule of law.

it is GOVERNMENT that ENFORCES the rights created by the people.
AVT INVENIAM VIAM AVT FACIAM
  • #292
  • Apr 12, 2011 11:56am Apr 12, 2011 11:56am
Quoting the redlion
this is side track convo her but i really want you to re consider your thoughts.

ponder on this.

why was government created? was it not to protect our property, intellectual, physical and economic? when we are born, you are mistaken, we have NO rights. any one could have stolen our cattle, raped our women, killed our familiy so we came up with the rule of law.

it is GOVERNMENT that ENFORCES the rights created by the people.
I see the issue now, you don't know what rights are. You're confusing concepts my friend.
Don't wish it were easier, wish you were better. ~ Jim Rohn
  • #293
  • Apr 12, 2011 12:02pm Apr 12, 2011 12:02pm
Quoting LasVahGoose
I see the issue now, you don't know what rights are. You're confusing concepts my friend.
well, I think we didn't quite define the different kinds of rights that exist: the natural rights - the ones you refer to, and the legal rights, the ones I refer to.

The legal rights put the natural rights into existence. Otherwise natural rights are just concepts that might or might not be held up.

The right for property & liberty for example. In communism you didn't have the right of property. In the roman empire if you were a slave you didn't have the right to liberty.

Legal rights put natural rights into existence.
  • #294
  • Apr 12, 2011 12:06pm Apr 12, 2011 12:06pm
Quoting Noloqy
I agree.

It seems people have a negative stance towards their fellow citizens: as if the others are playing a game to see who can get the most subsidies.
Maybe what I am about to say comes from the environment I grew up in. The people in my environment I consider hard working and well educated. Anyway, I have come to depart from the viewpoint that people are generally good, and that they want to contribute to society. Consequently, I am willing to contribute to our social security, and want to treat people the way I would like them to...
good post! I like your thoughts!
  • #295
  • Apr 12, 2011 12:06pm Apr 12, 2011 12:06pm
Quoting Custos
well, I think we didn't quite define the different kinds of rights that exist: the natural rights - the ones you refer to, and the legal rights, the ones I refer to.

The legal rights put the natural rights into existence. Otherwise natural rights are just concepts that might or might not be held up.

The right for property & liberty for example. In communism you didn't have the right of property. In the roman empire if you were a slave you didn't have the right to liberty.

Legal rights put natural rights into existence.
There is no such thing as 'legal rights' and natural rights came first. But anyways, this is off topic and we will never see eye to eye.
Don't wish it were easier, wish you were better. ~ Jim Rohn
  • #296
  • Apr 12, 2011 12:08pm Apr 12, 2011 12:08pm
Quoting LasVahGoose
I think it would take a lot to see US manufacturing come back (maybe take a decade or two), but I agree it would be beneficial. I don't see it happening though, even if the Yuan appreciates because the Chinese will consume their own goods and at that point Apple would have a bigger market in China then in the U.S. I don't know... But, I see your point.
problem is, expertise for high-tech industries is not in the US anymore, it is now in places like germany and japan. Getting that expertise back will be a diffiicult issue.
  • #297
  • Apr 12, 2011 12:10pm Apr 12, 2011 12:10pm
Quoting LasVahGoose
Well, that was one of the bennies of a gold standard, they couldn't print money to fund the war. If they wanted to fund a war they would have to tax the heck out of the citizens. If the population didn't feel the war was worth fighting, good luck in getting the money to fight it. Also why there needs to be a declaration of war by congress (i.e. support of the people through the representatives).

Zero Tax would be best. 10% flat I could handle.
For your consideration: Military deficit spending is not inflationary.

(price) Inflation occurs as more money becomes available in a system of fixed or lessened consumer goods/services. This money drives asset bubbles, and creates short-term profits for investors which are then re-invested or spent, creating product/service demand, and driving prices ever higher.

When borrowed money is used for military purposes, the fruits of that labor are not reinvested or spent, they are destroyed on the battlefield, limiting the inflationary impact of the borrowing/printing.
  • #298
  • Apr 12, 2011 12:19pm Apr 12, 2011 12:19pm
Quoting Low
For your consideration:...
I hear what you are saying and understand that maybe correct for the Keynesian side of the house, but I subscribe to Austrian school.
Don't wish it were easier, wish you were better. ~ Jim Rohn
  • #299
  • Apr 12, 2011 12:29pm Apr 12, 2011 12:29pm
If I remember correctly, didn't Napolean refuse to create a central bank to fund his military objectives? When his opponents had no such issue?

Is that Austrianism at it's finest? Those who will borrow, can win, those who choose not to, fail?
  • #300
  • Apr 12, 2011 12:30pm Apr 12, 2011 12:30pm
PS

I'm not defending the joke we call our government or it's pathetic decisions.
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