Welcome Guest [Log In] [Register]
Welcome to Exit Mundi Forums. We hope you enjoy your visit.


You're currently viewing our forum as a guest. This means you are limited to certain areas of the board and there are some features you can't use. If you join our community, you'll be able to access member-only sections, and use many member-only features such as customizing your profile, sending personal messages, and voting in polls. Registration is simple, fast, and completely free.


Join our community!


If you're already a member please log in to your account to access all of our features:

Username:   Password:
Add Reply
Things not looking too good for Iranian president
Topic Started: Jan 18 2007, 05:31 AM (3,697 Views)
sabertooth
Member Avatar
Planning World Domination
[ *  *  *  * ]
Falcon
Feb 21 2007, 04:21 AM
1)Why should more developed parts of the world collapse because less developed parts perform basic labor at cheap rates?

2)Most of the production in America is driven by large scale capital development not manual labor. Much of it is also dependant on educated workers.

3)Wages in China will eventually rise too; the US used to have lots of cheap labor like China does now, but that didn't last forever.

1) It's called world economics

2) Everything from manual labour to Technical lines of work are being massly outsourced to 3rd world countries like china.

3) It will proabaly stay low enough for long enough till aot of what were once western companies, would already be completely settled into china or the bulk of there business will. It also, will proabaly take a very long time for chinas wages to rise up to the U.S. current rate.
Love and trust in one another,
never fear that we might fall.
Because God gave us friends,
not a mountain after all.

Offline Profile Quote Post Goto Top
 
piercehawkeye45
Member Avatar
Franklin Pierce
[ *  *  *  *  *  *  *  *  *  *  *  * ]
I'm taking a stab at this here but if we did lose China, I'm sure we would go into a depression but I don't know about an economic collapse.
Dropped the atomic bomb let them know that it's real
Speak soft with a big stick do what I say or be killed
I'm America!

I have found the enemy and he is us.
Offline Profile Quote Post Goto Top
 
严加华
Member Avatar
Magister Ludicrous
[ *  *  *  *  *  *  *  *  *  * ]
sabertooth
Feb 21 2007, 12:31 PM
It also, will proabaly take a very long time for chinas wages to rise up to the U.S. current rate.

As in never. America's may *FALL* to meet China's if they continue their current idiot trends, but China's will never rise to America's.

Basic economics: supply and demand. China has a huge population. Huge labour supply. Large supply means low prices.
LC Sez: Posted Image
Offline Profile Quote Post Goto Top
 
Katastrof
Member Avatar
One Of The Four Horseman
[ *  *  *  *  *  *  *  *  * ]
I didn't mean China had cheap labour and that's why they pose an economic threat. What I meant was that China has invested alot in American companies and even the American government.

You see way back after the American Revolution, those patriats incured debt from their little war time antics. The fourtunatly paid it off in the 1790s but after being debt free for awile, they slipped again in debt. WWII the debt sky rocketed for obvious reasons, but it supsided a little but then tripled and doubled. The current public debt of the US is aprox. $8.6trillion. Over half of this is owed to external parties, like China, EU, and Japan. This means if any one country stopped buying or started selling massive amounts of the debt "stocks" (sorry I don't know the correct terminology) the economy of the US would hyperinflate leading to a huge depression.
Posted Image

"Carpe diem, quam minimum credula postero"(Seize the day put no trust in tomorrow)
~ Horace
Offline Profile Quote Post Goto Top
 
Brutus
Member Avatar
Planning World Domination
[ *  *  *  * ]
America is filled with debt, and their is nothing wrong with that, other western countries have debt as well, the E.U has debt of 6 trillion USD to the developing world. but the only problem is, while other western countries are paying off their debts, america seems to be buying and lending more and more and eventually it will overtake them.
Offline Profile Quote Post Goto Top
 
Killer Bee
Member Avatar

Admin
Quote:
 
You think we invaded Iraq because of oil being sold in Euro's?  Sorry to burst your bubble, but our president could give a half rats ass less about "euros" period.
you do undertsnad that Americas entire superpowerhood relies on oil being sold in dollars dont you?


Oil plays a huge part, but our entire "superpowerhood" doesn't rely on oil alone....you do understand that don't you?
Offline Profile Quote Post Goto Top
 
Mister Sinister
Member Avatar
Delusional Granduerist
[ *  *  *  *  *  *  *  *  *  *  * ]
Killer Bee
Feb 21 2007, 08:05 AM
Quote:
 
You think we invaded Iraq because of oil being sold in Euro's?  Sorry to burst your bubble, but our president could give a half rats ass less about "euros" period.
you do undertsnad that Americas entire superpowerhood relies on oil being sold in dollars dont you?


Oil plays a huge part, but our entire "superpowerhood" doesn't rely on oil alone....you do understand that don't you?

No but the power of the dollar relies heavily on OPEC trading in the petrodollar. Our empire relies heavily on the power of the dollar, and the dollars demand around the globe since it's the only currency OPEC will take...Remove that and the dollar plumets rapidly. When the dollar plunges it will make it harder to pay off the Federal Reserve's/World Bank's intrest rates because the dollar isn't worth as much. Incidentally the US (as with ALL nations that have a central bank) owe their debt...to the central bank or world bank, not the governments of other countries. The money used is created by the World bank or the Federal reserve. These bankers can flick a pen and create billions of dollars from thin air (regardless if there is gold to back it up). The bankers then charge the lendees (in this case the US government) an interest rate (The reason for Greenspan's existence is to set that rate). When the US government gets pallets of money together to send to Iraq...it's created by the Federal Reserve and tacked with an intrest rate that causes the debt to grow by the second. The larger the intrest the lower the dollar's exchange rate. The power of our money is decided by bankers that may or may not even be from the US...We won't ever know because the shareholders of these banks aren't made public. In fact it's the law that they don't have to be made public. These bankers control your dollar and levy the tax on your wages (income tax) which is illegal according to the Constitution. This is done all over the world, it's just that here...we have laws to protect us from these cabals, unfortunately they have been trampled and subverted. It may even be the will of this cabal to destroy the Republic that set the American People free, but we will not know until it's too late, because we cannot know the identities of those who hold so much power.

Accidentally posted this somewhere else:

Ron Paul on The Federal Reserve Bank
Offline Profile Quote Post Goto Top
 
Falcon
Member Avatar
Apocalyptic Usher
[ *  *  *  *  *  * ]
Incidently, the Federal Reserve was a key cause of the Great Depression...

http://www.hoover.org/publications/policyreview/3476271.html
Offline Profile Quote Post Goto Top
 
piercehawkeye45
Member Avatar
Franklin Pierce
[ *  *  *  *  *  *  *  *  *  *  *  * ]
Second great depression?

http://www.informationclearinghouse.info/article17145.htm

There are flaws in this argument but it seems we are on the same path as we were in the 20's.
Dropped the atomic bomb let them know that it's real
Speak soft with a big stick do what I say or be killed
I'm America!

I have found the enemy and he is us.
Offline Profile Quote Post Goto Top
 
Killer Bee
Member Avatar

Admin
Good find Pierce. Although the arguement for a second "Great Depression" is somewhat flawed, all of the similarities between 1925 and 2007 are striking.

Quote:
 
“The US economy is in danger of a recession that will prove unusually long and severe. By any measure it is in far worse shape than in 2001-02 and the unraveling of the housing bubble is clearly at hand. It seems that the continuous buoyancy of the financial markets is again deluding many people about the gravity of the economic situation.” Dr. Kurt Richebacher


Lets just hope that the small recession we suffered in 2001-2002 isn't a precurser of harder times to come. I lost my job due massive layoffs during November 2001 stemming from the virtual collapse of the economy after 9/11. Along with losing my job, I lost my home and almost everything I own, the thought of harder times than that scares the hell out of me. I can see the worst may not be over yet....

Quote:
 
(The income disparity) between the rich and the middle class grew throughout the 1920's. While the disposable income per capita rose 9% from 1920 to 1929, those with income within the top 1% enjoyed a stupendous 75% increase in per capita disposable income…A major reason for this large and growing gap between the rich and the working-class people was the increased manufacturing output throughout this period. From 1923-1929 the average output per worker increased 32% in manufacturing8. During that same period of time average wages for manufacturing jobs increased only 8% (This ultimately causes a decrease in demand and leads to growth in credit spending)


Doesn't this look familiar?

Quote:
 
The bottom three quarters of the population had an aggregate income of less than 45% of the combined national income; while the top 25% of the population took in more than 55% of the national income...Between 1925 and 1929 the total credit more than doubled from $1.38 billion to around $3 billion”. (Just like now, the growing wage gap has spawned massive speculative bubbles as well as a steady up-tick in credit spending. Wage stagnation forces workers to seek other opportunities for getting ahead. When wages fail to keep pace with productivity then demand naturally decreases and business begins to flag. The only way to spur more buying is by easing interest rates or expanding personal credit, and that is when equity bubbles begin to appear. That's what happened to the stock market before 1929 as well as to the real estate market in 2007. The availability of credit has kept the housing market afloat but, ultimately, the result will be the same.


Don't think this is true? Look around at all of the for sale signs sticking in the front yards in the traditionally "upper-scale" neighborhoods, people are losing their jobs or are in danger of and can't hold on to their homes. The kicker is, there's nobody purchasing them. What happens when people can't afford to buy houses? Stay tuned.......
Offline Profile Quote Post Goto Top
 
Mister Sinister
Member Avatar
Delusional Granduerist
[ *  *  *  *  *  *  *  *  *  *  * ]
Now, combine the housing bubble collapse with OPEC trading in PetroEuros and see what happens to the US. All we'll have left is Corn, Barley, Wheat, and tobacco, and none will want to buy it. We will trade it away for things like..electricity from Canada. That is..until the CFR's outline of the NAU is fulfilled, then it won't matter much will it?
Offline Profile Quote Post Goto Top
 
Killer Bee
Member Avatar

Admin
Mister Sinister
Feb 22 2007, 06:36 PM
Now, combine the housing bubble collapse with OPEC trading in PetroEuros and see what happens to the US. All we'll have left is Corn, Barley, Wheat, and tobacco, and none will want to buy it. We will trade it away for things like..electricity from Canada. That is..until the CFR's outline of the NAU is fulfilled, then it won't matter much will it?

If what we're discussing here should happen, the NAU might be a good thing for America.
Offline Profile Quote Post Goto Top
 
piercehawkeye45
Member Avatar
Franklin Pierce
[ *  *  *  *  *  *  *  *  *  *  *  * ]
Killer Bee
Feb 22 2007, 04:22 PM
Mister Sinister
Feb 22 2007, 06:36 PM
Now, combine the housing bubble collapse with OPEC trading in PetroEuros and see what happens to the US.  All we'll have left is Corn, Barley, Wheat, and tobacco, and none will want to buy it.  We will trade it away for things like..electricity from Canada.  That is..until the CFR's outline of the NAU is fulfilled, then it won't matter much will it?

If what we're discussing here should happen, the NAU might be a good thing for America.

Of course the NAU is good. Bush just wants it for reasons that will hurt us and help him.

If you want to make the NAU, we need to start working with Mexico to bring up their living standards or all the labor will go there and kill the American and Canadian middle and working class.
Dropped the atomic bomb let them know that it's real
Speak soft with a big stick do what I say or be killed
I'm America!

I have found the enemy and he is us.
Offline Profile Quote Post Goto Top
 
Mister Sinister
Member Avatar
Delusional Granduerist
[ *  *  *  *  *  *  *  *  *  *  * ]
Killer Bee
Feb 22 2007, 04:22 PM
Mister Sinister
Feb 22 2007, 06:36 PM
Now, combine the housing bubble collapse with OPEC trading in PetroEuros and see what happens to the US.  All we'll have left is Corn, Barley, Wheat, and tobacco, and none will want to buy it.  We will trade it away for things like..electricity from Canada.  That is..until the CFR's outline of the NAU is fulfilled, then it won't matter much will it?

If what we're discussing here should happen, the NAU might be a good thing for America.

And here we go...

This is the plan. To get you to beleive that throwing away your nations sovereign borders and reworking the bill of rights and constitution is for the greater good of the US. The fed artificially lowers the intrest rate and creates a hollow dollar. the dollar bill you use today is only worth 3 cents compared to what is was worth in 1930. Look it up. Why do we let the Fed dictate our intrest rates when congress is given the power to create money by the constitution. Read about how the Fed was created...Is that how our government handles something that will help us? I implore any of you who believe my posts the last couple of weeks to be insane, to research and debunk what I have said. I tried to debunk it, and have uncovered more and more historical evidence that we are all being fooled. For this Country, it starts at the Fed's inception.

The interest and worthless money cause housing to artificially inflate rendering people like you and I unable to afford one. Housing that once cost 27,000 in 1950 now goes for well over a million dollars. That combined with the open border policy of the neocons is DESTROYING THE MIDDLE CLASS PURPOSELY!!! All so you will look at the prospect of the NAU and say...That will be good for the US! The old system isn't working so let's try something new! The fact of the matter is the old system hasn't been allowed to work since the inception of the federal reserve (which is neither federal nor a reserve.) And guess what..they've already got that "something new" drawn up and ready to go. The old republic will be destroyed (thanks to the work of the fed who continually lower the value of our money artificially and illegally) and you will beg to be a part of the NAU. Are my posts starting to make sense now? Do I look less like a conspiracy nut and more like I speak the truth? If not I seriously suggest doing the research for yourselves. The Federal Reserve is illegal. Watch the Ron Paul link I put up. It explains everything about the reserve that is destroying our economy and hence our country.


"If the American people ever allow banks to control the issuance of their currency...the banks and corporations that will grow up around them will deprive the people of all property, until their children wake up homeless on the continent their fathers conquered." -- Thomas Jefferson

See that housing bubble slipping away? Notice even Falcon blames the Great depression on The Fed? Before the Fed the worse thing that had happened money wise was people got scared whenever large amounts of gold were being moved from one place to another....we don't even move gold anymore. The paper we have in our pockets is only the ghost of money. The real money is being used to enslave us. I beg you to do the research! Our way of life is at stake in larger ways than you could imagine!
Offline Profile Quote Post Goto Top
 
Killer Bee
Member Avatar

Admin
piercehawkeye45
Feb 22 2007, 09:45 PM
If you want to make the NAU, we need to start working with Mexico to bring up their living standards or all the labor will go there and kill the American and Canadian middle and working class.


Sadly, it's already happening. Delphi, General Motors only to name two out of dozens of large companies who are buying up more land in Mexico then the Mexican's themselves.
Offline Profile Quote Post Goto Top
 
1 user reading this topic (1 Guest and 0 Anonymous)
Go to Next Page
« Previous Topic · Politics and Religion · Next Topic »
Add Reply

Theme Made by Sionthede of the IFSZ.