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Originally Posted by Paul Markham
So if the top 10% get richer and the rest get poorer. That's good in your opinion?
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that is a VERY OTHER Topic - and NO it is not good in my opinion.
but only money what is earnt can go into workers hands.
if you see the world economy same as a business you have to know that there can not be income from the own country. that would be the same as you are a business ower open the cash, take money out and buy in your own shop.
that have nothing to do with worls economy and money circle.
AND the new "so called president" is already in bed with exactly this people you talk about and he is not willing to accept the US constitution. he want that everything goes as he wants - and not only I call that a DICTATOR.
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The problem is the democratic system. When so many get poorer they start to vote for people who will change things. This is happening all over the US and EU. People are sick of excessive borrowing, losing jobs, companies, taxes, GDP, to the Third World because it makes only the top 10% richer.
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that makes sense what you say - but the problem is not the democrathy itself - the problem is that voters are usually not informed enough and not smart enough to understand markets, connections and reasons.
thatīs why it is so easy to teach them to vote against their own interests, bacsue you just have to give them an enemy and than things seem to be easy enough that even a halfbrainer thinks that he understands.
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Saying it's good because some of the money comes back to the West is ignoring the fact that it doesn't replace the money lost and the fact that the Third World is now doing the inventing itself.
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paul: the very FIRST thing you have to understand is WHAT MONEY IS. Money is the equivalent or bargain for completed performance.
that means: one performace for the other in kind of xchange rate.
if a country have that much dept as US it means that they have spend money already for performances what havenīt be made.
In other words, the country has laid its own conditions for decades and created artificial prosperity at the expense of its own children. And now they want that back from other countries what havenīt created that issue.
Without cheap foreign labours Americ acan not survive because things would be MUCH more expensive as they are now - that would lead to less consumption and leass consumption leads to less work.
And what was mentioned here was also another CORRECT issue, because we spoke about US companies what are producing in Thailand FOR the ASEAN market. Make wins there and a part of this wins floods back to US. If they would think here the same as cramp does, they would not even allow it, because that good are produced IN the asean market FOR the asean market and US companies make profits wich are partial directed to USA.
and not only that. these companies are producing in Thailand with high tech imported from USA what keeps even more jobs in USA alive.
we can discuss that as long as you want - if trump not change his mind and listens to the real wize and expirienced economists in the world USA will have in 2 years a MUCH bigger crisis as the one from 2007 what is still effecting tha markets after 10 years.
the next crisis will make US completely bankrupt, because there is no one in the world who will help. all the countreis what could help than are already in own treade exchanges and used to survive without USA. they will not pay money for buying a disease.
greetings
thommy