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Punk Freud

Free Market FAILED, Capitalism/Consumerism on life support

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Time to face the FACTS...

The *Free Market* FAILED

 

The Federal Reserve has given away

16 TRILLION dollars to keep the 1% elite

flush with taxpayer cash... ALL IN SECRET

untill now.

 

16 trillion to banks, corporations, and EVEN FOREIGNERS

http://www.gao.gov/new.items/d11696.pdf

 

16 TRILLION in BAILOUTS

 

The list of institutions that received the most money from

the Federal Reserve can be found on page 131 of the GAO Audit

and are as follows..

 

Citigroup: $2.5 trillion

Morgan Stanley: $2.04 trillion

Merrill Lynch: $1.949 trillion

Bank of America: $1.344 trillion

Barclays PLC (United Kingdom): $868 billion

Bear Sterns: $853 billion

Goldman Sachs: $814 billion

Royal Bank of Scotland (UK): $541 billion)

JP Morgan Chase: $391 billion

Deutsche Bank (Germany): $354 billion

UBS (Switzerland): $287 billion

Credit Suisse (Switzerland): $262 billion

Lehman Brothers: $183 billion

Bank of Scotland (United Kingdom): $181 billion

BNP Paribas (France): $175 billion

 

Keep up the partisan bickering :th:

We'll be arguing over the last few crumbs soon enough

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old news cwm33.gif



 



the free market did not fail.



 



the free market was never allowed to let bad ideas fail.



 



the biggest cause of banks blowing up is not free markets.  it was a stupidly low interest rate policy.



 



that policy was not a "free market."  it was a government intervention.



 



we wouldn't be here if "free markets" were truly allowed to exist.


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Quote:

Originally Posted by fish'nmagician View Post

 

 

john or wee wee,

 

would either of you tell me what the predictable outcome of free market global economic forces is on an industrialized nation with a high standard of living?

 

if we had truly free markets, we'd have an idea by now.  cwm40.gif

 

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john or wee wee,

would either of you tell me what the predictable outcome of free market global economic forces is on an industrialized nation with a high standard of living?

 

economic expansion, growth and a general increase in wealth for the people of that country. Its amazing what people can do when they arnt shackled by a repressive govt.

 

I just got back from a root canal, I just made my dentist richer.

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16 TRILLION DOLLARS

to bail out

FAILED CAPITALIST CORPORATIONS

And desk jockeys want to quibble about

a fantasy LIBERTOPIA of *free Markets*

 

 

 

care to venture a guess?

 

You're asking a guy who shuffles papers for a living to venture a guess

as to what the inevitable outcome of unrestrained capitalist markets :shock:

too funny

 

Lemme try a guess...

desk jockeys and paper shufflers (leeches) will be replaced

by the cheapest possible labor available...

which will undoubtedly be foreign labor

 

After all, desk jockey & paper shufflers

DON'T PRODUCE ANYTHING

they just suck wealth and steal time from

their employers while they post on the interweb.

shame

 

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Quote:

Originally Posted by John M View Post

 

economic expansion, growth and a general increase in wealth for the people of that country. Its amazing what people can do when they arnt shackled by a repressive govt.

 

I just got back from a root canal, I just made my dentist richer.

 

is THAT country the US or China?

 

 

 

 

 

 

 

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is THAT country the US or China?

 

 

 

 

 

 

it would be us if we had a free market..........take the brakes off let Americans do what Americans do best..........build, invent, create wealth.

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Quote:

Originally Posted by John M View Post

 

it would be us if we had a free market..........take the brakes off let Americans do what Americans do best..........build, invent, create wealth.

 

can you explain this using actual economic principles?

 

 

 

my personal belief is that with a Global Free Market, Manufacturers will move production to the cheapest place possible.

 

while we (industrialized nations) benefit from cheaper products, our unemployment rate soars.

 

 

 

I get the emotions behind what you are saying,

 

but can you support it with economic principles?

 

or do you think that all the unemployed people in our country could be busy inventing things?

 

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can you explain this using actual economic principles?

 

my personal belief is that with a Global Free Market, Manufacturers will move production to the cheapest place possible.

while we (industrialized nations) benefit from cheaper products, our unemployment rate soars.

 

I get the emotions behind what you are saying,

but can you support it with economic principles?

or do you think that all the unemployed people in our country could be busy inventing things?

 

emotion? sorry that not part of this argument.

 

simple roll back the cost of doing business here, lower the barriers to entrance into the market. On other words slash the cost of government.

 

back when I took managerial economics in college, we spent a whole semester building an equation that represented the economy. ill summarize the equation ( all economic activity, buying selling, investing etc)-G(overnment). Essentially it said that govrt doesn't create anything, it only takes. So lower that and you have more money in the economy to be spend on productive pursuits.

 

the money saved will be invested in new products, new facilities to make them or it will remain in the ordinary citizens hands so that they can invest, buy whatever they choose to do with their money.

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