Posted: 2/17/2009 3:01:03 PM EDT
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Is what the Fed is trying to do economic darwinism on global scale - survival of the fittest?
World economies are suffering, and the US has enacted a "stimulus" bill that hinges on spending hundreds of billions of dollars that we don' t have. Where will that money come from? The US tax payers? Not likely, it's more money than we'll ever make. Our children? Our grandchildren? Talk about counting your chickens before they hatch... The world will give us this money. We are a nation of suckers, handing tax money over as quickly as we can earn it or spend it to a government that has the spending habits of a crackwhore. We need a world of suckers to support us in our greed (or frivolity, whichever you prefer). Now, economies across the globe are faltering. How can we prevail? Let them fall, and ensure that we're the last ones standing. Make sure the dollar is last in line to fail, and those who are failing will come to the only form of security left: the dollar. The dollar has to be the last currency standing. As long as the other currencies and economies fail first, they will come to the dollar for safety. That is where the money will come from. Loans and new securities to those who fail first. Ironically, the ultimate act of capitalism may save us from total disaster, even as the taint of socialism infects us. Now if it all goes off according to plan... that remains to be seen. |
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darwinism in the context of letting natural selection be what it is? no, it is exactly the opposite.
darwinism in the context that "social darwinism" assumes we are the culmination of evolution and that it is up to us to begin interfereing with natural selection and the evolution of others? yes, it is exactly that. dont worry, natural selection will prevail. we may or may not be the fittest, but as long as we violate lifeboat rule #1 we run the risk of dying out with those that we should allow to be phased out. |
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The world will give us this money. Why? Quoted:
Now, economies across the globe are faltering. How can we prevail? Let them fall, and ensure that we're the last ones standing. Make sure the dollar is last in line to fail, and those who are failing will come to the only form of security has to be the last currency standing. As long as the other currencies and economies fail first, they will come to the dollar for safety. That is where the money will come from. Loans and new securities to those who fail first. So, if they collapse and don't have any money left, they will give us all of their money to spend for them? What's going on, IMHO, is that the Feds are setting up to devalue the dollar. The loans other countries have made to us are denominated in U.S. Dollars. So if we devalue the dollar, we effectively pay them less when we slowly dribble out worthless pieces of paper back to them. Example: I borrow ten dollars from you to buy apples. I buy six pounds of apples. The dollar collapses in value, so that those ten dollars would now only buy three pounds of apples. I pay you back the ten dollars I borrowed from you. What do you get? Ten dollars. What is that ten dollars actually worth? Well, now you can buy three pounds of apples with it. So, half of what you loaned to me before the devaluation. |
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Capitalism is economic darwinsim. What we're doing now is quite the opposite of that. Capitalism is economic darwinism - exactly. Survival of the fittest. And we are seeing socialist threads being woven into our government. However, these overriding actions do appear to be capitalist to the core. The dollar has to survive. ETA: there will be more loans to other countries as their currencies fail. The tighter we can bind them to the dollar, the less chance there will be for the dollar to fail completely. We're hurting, but the dollar is still king. We can get through this, if it all works. |
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Capitalism is economic darwinsim. What we're doing now is quite the opposite of that. Capitalism is economic darwinism - exactly. Survival of the fittest. And we are seeing socialist threads being woven into our government. However, these overriding actions do appear to be capitalist to the core. The dollar has to survive. ETA: there will be more loans to other countries as their currencies fail. The tighter we can bind them to the dollar, the less chance there will be for the dollar to fail completely. We're hurting, but the dollar is still king. We can get through this, if it all works. Historically around the world how have countries that nationalized when they strugged done in the long term? Did it indeed keep capitalism alive? I believe that the US has such an incredible combination of resources and position in the world that the dollar can't fail completely, at least any time in the relevant future. However the idea of getting through this seems to be leaving the ta payers witha lot of debt and failed businesses still running because they were kept on life support. I'd much rather see the US emerge from this booming with efficient growing businesses. |
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Shameless bump. I thought someone would at least tell me I'm nuts. You're nuts. Thank you sir. I've always wondered. It's reassuring to have some confirmation. What did the psychologist say to the man in plastic wrap underwear? I can clearly see you're nuts. That would have been a better presentation, see? |