Ronald Reagan

[randolph]

I think capitalism doesn?t work without the poor. There are even big ones that need illegal immigrants. A lot of industries are based on cheap workers. If you pay them enough to not be poor, everything would cost more so most people buy less goods and services.

Henry Ford changed that paradigm. Before the model T, cars could only be afforded by the rich. Ford realized if he paid his workers enough (five dollars a day) they could afford to buy his cars. This set the stage for the development of the American middle class that prospered for many years. We built all the things we wanted, cars, radios, tv sets, whatever. Workers were reasonably well paid. We could buy modest houses and a car to get to work.
Everything started to change when we began to import major items like tv sets and cars. This put increasing pressure on the blue collar part of the middle class. Various types of welfare was established (ie food stamps, etc), government expanded dramatically. National debt exploded. Everything is imported. In the final years of our country, everyone is poor because the rich have moved away with all the money.

[Tread]

Originally Posted by randolph

Henry Ford changed that paradigm. Before the model T, cars could only be afforded by the rich. Ford realized if he paid his workers enough (five dollars a day) they could afford to buy his cars. This set the stage for the development of the American middle class that prospered for many years. We built all the things we wanted, cars, radios, tv sets, whatever. Workers were reasonably well paid. We could buy modest houses and a car to get to work.

Back then the raw material costs were the biggest price factor, if paid your workers generous, the final price didn?t change much. But now the workers are the biggest factor, if you pay them less the final price changes significant. And cheapest workers are not in our countries, or not legal.
What I have no clue about in the newer time are the Stock Exchanges. Without changes in offer and demand or any services the price seems to rise magically.

[randolph]

Originally Posted by Tread

Back then the raw material costs were the biggest price factor, if paid your workers generous, the final price didn?t change much. But now the workers are the biggest factor, if you pay them less the final price changes significant. And cheapest workers are not in our countries, or not legal.
What I have no clue about in the newer time are the Stock Exchanges. Without changes in offer and demand or any services the price seems to rise magically.

Have you heard about Quantitative Easing?
Check it out on Youtube.

[Tread]

Originally Posted by randolph

Have you heard about Quantitative Easing?
Check it out on Youtube.

I?ve heard about the principle. But here it is a bit more complicated with the single country, Europe, European Union, Eurozone, European Central Bank and non European influences.
I can?t say much about it, and I can?t say how it would be without Quantitative Easing. It is very unclear to me when it is or was used and it wasn?t mentioned or in which recession degree it is useful. It didn?t seem that bad for i.e. the Germans but for many others like Japan or the US.
If it is used only over a short time period and the economy is not weekend too much it could possible be useful, but over a long time it seems to do more harm.

[Enoch Root]

Tracy

I am not obsessed with money. It would be no more reasonable to suppose that those who campaign against rape are the sexual deviants. It is clear from everything I write (even the quote you pulled where I state that the ruling class takes all the money, takes everything including our freedom from us. No man is truly master of his destiny so long as there is a ruling class. You do a terrible job of turning my quote against me, mostly because you're incapable of it) that I am not obsessed. Your posts lack any substance so instead you divert attention away from yourself and unto me. I want to empower people. Is it not the case that a small group of people have all the power and all the money and that necessarily that means they have taken it from the people?

[randolph]

This is the final part of the Stockman review.

Warning: this black swan won't be pretty, will shock, soon

His bottom line: "The day of national reckoning has arrived. We will not have a conventional business recovery now, but rather a long hangover of debt liquidation and downsizing ... it's a pity that the modern Republican party offers the American people an irrelevant platform of recycled Keynesianism when the old approach -- balanced budgets, sound money and financial discipline -- is needed more than ever."
Wrong: There are far bigger things to "pity."
First, that most Americans, 300 million, are helpless, will do nothing, sit in the bleachers passively watching this deadly partisan game like it's just another TV reality show.
Second, that, unfortunately, politicians are so deep-in-the-pockets of the Wall Street conspiracy that controls Washington they are helpless and blind.
And third, there's a depressing sense that Stockman will be dismissed as a traitor, his message lost in the 24/7 news cycle ... until the final apocalyptic event, an unpredictable black swan triggers another, bigger global meltdown, followed by a long Great Depression II and a historic class war.
So be prepared, it will hit soon, when you least expect.

Has the class war already started in some state capitols?

[Enoch Root]

I wouldn't call the politicians helpless. The people are helpless thanks to the wholesale plundering they have suffered. But the politicians are willing participants in the destruction of freedom, in selling the people to private industry.

[TracyCoxx]

Originally Posted by Enoch Root

Tracy

I am not obsessed with money. It would be no more reasonable to suppose that those who campaign against rape are the sexual deviants. It is clear from everything I write (even the quote you pulled where I state that the ruling class takes all the money, takes everything including our freedom from us. No man is truly master of his destiny so long as there is a ruling class. I want to empower people. Is it not the case that a small group of people have all the power and all the money and that necessarily that means they have taken it from the people?

I think your views of America and evil corporations are tainted by American/Puerto Rican relations, which, given our history, I can certainly understand.

[Enoch Root]

Originally Posted by TracyCoxx

I think your views of America and evil corporations are tainted by American/Puerto Rican relations, which, given our history, I can certainly understand.

No Tracy, my views are not "tainted" by said relations. I am not fooled by your faux-understanding and faux-concern. I can hear the condescension in what you wrote. I am not speaking as a victim traumatized. I am speaking as a man who wants to empower his people and all the people of the world. It is a fact that the American Empire in both its governmental and private industrial capacity has exploited the peoples of the world and their lands.

Further, why did you bowdlerize my quote?

It is telling that you did not answer my question: Is it not the case that a small group of people have all the power and all the money and that this necessarily means they have taken it from the people?