sethnintendo said:
Rath said:
sethnintendo said:
The fed should be abolished. Printing more money and causing the dollar to erode into nothing is the dumbest idea ever. The only thing the fed is doing is probably speeding up the USA revolution. First thing people do is to go and burn their building down once it happens. We are turning into Germany pre WW2. We need to abolish the fed, balance the budget (get some surplus going), pay off the debt (or declare all debt null, a la Germany pre WW2), increase manufacturing (decent paying jobs rather than my manufacturing job, jobs that actually pay 15-20$ a hour).....
Anyways, nice video showing how much bs is involved.
|
Firstly declaring all debt null would utterly ruin not only America but the entire world economy, at the same time as kicking up tension to being on the edge of war. Severely bad idea and one that's not going to happen.
Also 'increase manufacturing and pay people more' would be great, but that's not how the world works. I mean, how do you propose that those things occur?
|
Manufacturing pay and jobs is just the way I feel. A service income is shit. You have to manufacture something (sure USA does have some manufacturing but it has leagues of improvement). Just like USA did during WW2 they worked hard and made semi decent pay. On the all debt null that was my fascist ideals taking over. I believe USA is on the same path as Germany before WW2. You can run up a shitload of debt but eventually it will catch up to you.
|
Oh I completely agree that Western nations are drowning in debt - thankfully Europe noticed during the recession and huge austerity drives are in place over there. Writing of the debt isn't the way to go about it though, austerity is - reduce or get rid of the deficit.
Also the reason America has much less manufacturing is because of the amount that workers get paid, which the West can't compete with. Really the West is much more succesful at doing things that don't require unskilled labour because we have a more skilled workforce than developing countries.
Also during WW2 there was a necessity for large scale government funded manufacturing of munitions, that's the reason why the manufacturing boomed at that point in time.
