Dispassionate
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... and the answer to excessive risk-taking is to let 'em fail!
Discuss!
Discuss!
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How many times has your froth been blown?
Which would you rather have, capitalism with all its faults or go back to feudalism with the elite owning all the capital and no profit being retained by the masses or a stalinist style system where everything is owned by the state.
Economic busts are a requirement of the capitalist system to keep the whole pyramid scheme from blowing up, I don't think enough money could ever be found to pump into the bottom of it to keep everything going up indefinitely, busts are a must. Also used to redistribute the capital up the chain to the elite. (where's fibo for a tasty conspiracy link)
Lightning
Your bouncing plum is distracting...
Can't the froth be blown off in an orderly manner?
Your bouncing plum is distracting...
Which would you rather have, capitalism with all its faults or go back to feudalism with the elite owning all the capital and no profit being retained by the masses or a stalinist style system where everything is owned by the state.
Economic busts are a requirement of the capitalist system to keep the whole pyramid scheme from blowing up, I don't think enough money could ever be found to pump into the bottom of it to keep everything going up indefinitely, busts are a must. Also used to redistribute the capital up the chain to the elite. (where's fibo for a tasty conspiracy link)
Lightning
'unhealthy' risk...
I'll go for capitalism any day, but that is because I live in the capitalist part of the world that is worth living in. I visited India a lot in my travels and I do not know, to this day, why that country never went communist. There was so much misery there that I cannot see what they had to lose. ...
China has over a trillion in reserves and, yesterday, announced that it was looking to invest some of it abroad. America cannot do that so easily, now, because its currency is losing value.
If they were to do that, I would think that a revalued currency would suit them better and they would start to assume some of the power that has been enjoyed by the US.
As their currency is pegged to the dollar they are not going to like the devaluation of it.
To buy abroad, a country needs to have a strong currency, which it has, but it is artificially low. Should we be buying Yuans?