Government benefits are already counted in GDP.

Yea because Euro land is much less socialist and big gubernment.

hmmmmmmmm..........

Uh, no. Unfettered capitalism happened on Wall Street with derivatives for a time and almost brought down the whole damn economy.

Keep drinking that Kool-Aid though.

Keynes only held a barony for the last four years of his life, and he's never referred to in that way, unless, of course, you're copy-pasting from a far-right conspiratard website.

I guess they try, not very interested myself because I don't think we can account for how incredibly valuable it is not to have to worry about who's going to pay or whether it's covered, if you or your family need healthcare. Not saying it's perfect here but mostly it's not an issue.

The lack of that stress is also wealth.

you really have a hard time comparing incomes between countries as so much other factors are in play. like the tax rate, inflation, and cost of goods.

the best indicator may be the happiness one, where you rate countries by how happy the people are. obviously if the people are happier in one place that would be the preferred place to be, unless you fit in an exceptional category.

The interesting thing about The Economic Consequences of the Peace is its old enough to be available for free on the Gutenberg project. So I can actually go look up these so called quotes.

Lets look up these so called quotes. Might be fun.

Oh and yeah the cliffnotes, the quotes above dont ****ing exist. They are heavy butcheries of out of context quotes below:

Quote 1:

This is the nearest example I can find. Sure, we have discussion of confiscating wealth, but its actually something Lenin said. It doesnt mention central banking anywhere in the book. The word million does not appear anywhere in the book.

Quotes 2:

Quote 2 is very different given the new context of what is going on and again this is the nearest possible example. It is all about price fixing being used to give the false value of the debased currencies in Germany and Russia by propping up their purchasing power and how this is never a long term solution.

It is rather charming and also ironic that pm99 is using made up quotes that seem to all be from various shady websites and self published e-books when he wants to talk about being duped.

Not one man in a million knows how to use Google tho

Lenin should talk, the ruble is now worth less than 10 to the -14th of the original Ruble.

Haha. Buddy, we haven't had unfettered free market capitalism in over 100 years.

You aren't wrong about Wall Street.... But who was providing the alcohol???? Government was! These Wall Street firms had private profits and socialized losses. THAT isn't capitalism.

You cut off the head off of the snake which is government and these banks wouldn't have did what they did. I realize the banks ****ed up, but without government enabling all the wreck less gambling then that wouldn't have happened.

Another bunch of BS is FDIC insurance. Government shouldn't be insuring bank accounts. Then you wouldn't have banks making stupid loans.

It's kind of like the riffraff out there who blame corporations. What power does a corporation haveover you? It is government that has power over you. All a corporation can do is try to get you to voluntarily give then your money for a product or service. And the corporations or banks that you have a problem with are the ones getting goodies from the government.

All those occupy people should have been protesting in front of the federal reserve and the White House. That's the source of all the corruption and CRONY capitalism.

Hahahahaowow.jpg

What do you think investment banks would have done without government?

Been responsible.

If you have a backer feeding your gambling addiction you can play stupidly.


Again, I'm not at all not blaming banks for being irresponsible. HAng the CEOs from some of these big banks for all I care. But if it wasn't for government pouring the alcohol you wouldn't have had the irresponsibility you had.


I mean, look at the roaring stock market we have had the last few years...... Fueled by artficially low suppressed interest rates and QE. Those stock mArket gains are ALL paper profits. There is no real wealth being created alongside the past few years of stock market growth. That's all pixie dust provided by government via the fed to make the rich richer at the expanse of the common man. And it is going to collapse hard, and rightfully so.

And people want to blame Walmart and some McDonald's franchisee owner for the income inequality? Juvenile and ignorant.

Do you know how investment banks operate?

Lol, your rant is hilarious.

What would happen without FDIC insurance?

It would force banks to be responsible. Do you know what kind of loans your bank is making? No you don't. People would actually check out the kind of loans the bank is making before depositing money. If the bank is making irresponsible loans then nobody is going to deposit at that bank.

Government controlled banks mucks up everything.

It isn't ALL investment banks.

But the ones who helped **** things up were tied to government.

You should probably go pick up some books on the financial world.

Investors gamble with or without government watchdogs and encouragement. It's how stock markets work.

so, 10,000 a year to everyone except the bankers then.

#notallbanks

You know that history predates FDIC right? We can actually look at what did happen before it. Its written in books and stuff, we don't even need to excavate in the pyramids or interpret cave paintings etc.

Also maybe you should apologise for posting made up quotes on the previous page before you dive right into bold assertions on the responsibility of banks without government guarantee of deposits.

Completely wrong. Corporate profits are at all time highs. Companies are making real profits, not just stock market gains. Maybe corporate profits will fall then so will the stock market, but that is always true.

Are you aware that this isn't a hypothetical question?

I can just picture some degenerate living in a studio apartment waking up at 2:30 PM and checking his online banking account on the first of the month. He smiles, secure in his sloth when he sees his basic income deposited like clockwork by the nanny state. Then he goes to In N Out and gets a cheeseburger with fries. Then it's back home for a long Fallout 4 session. After that he goes to a movie and then hits up the Chipotle before going home for more Fallout 4 and xvideos.com before bed.

Do we really want to live in a world where someone is able to live like this everyday? The work ethic is what makes us human, without it we will become self indulgent beasts.

Given there's not enough jobs and that's going to get far worse it's a win-win-win.

The sloth gets to sloth
People who want to work are more likely to get the jobs
Employers would much rather get the later than the former

In reality your sloth will frequently want something more and those that don't we don't particularly want working anyway.

(Plus the work ethic is not what makes us human)

We know what happened as result. The bankers are getting crazier and crazier. I even decided to buy a book on it, "Behind the Housing Crash - Confessions From an Insider" by Aaron Clarey. Governments can't insure anything, all the bailouts come from the currency, savers and bondholders. Fake appraisals, bogus loans to bank buddies, loans that should not qualify, ... I have come to the conclusion the Federal Reserve is there to trick people in accepting 1% interest on their bank accounts. They loan it out at 4% and if there are any problems the people of the United States will bail them out. Don't put your money in a bank or credit union. The euro lost 30% of its value to the dollar yet if you are long you must accept -.5% interest rates. To buy a 30-year 1000 euro zero (all interest paid in the end) -.5% interest bond is no different than giving the bond holder 5 nickels for metal content and burning the bond.

The solution is full reserve checking accounts.