GLOBAL ECONOMIC COLLAPSE A MUST WATCH video explaining 'Recession' and 'Inflation' clearly.

[JohnRusso007]

@marcabela don't try to teach me the failed idealogy you preach. In a matter of fact if you can not change your ways you are not a person I would associate with. You and your ilk have taken freedom and distorted its values to meet your own selfish indulgences and ego stroking. No wonder why China's economy is well yet it's people suffer. Your ideals are the cause of immeasurable suffering to your fellow man, here and abroad.

[JohnRusso007]

@marcabela U r the bastion of "free" capitalism who hates their local governments oppressive taxes n tariffs. Yet with ur free will, u outsource ur labor to a communist slave labor beast system? Then u call me a hypocrite? Because u deny that a tariff is a tax to "foreign" goods NOT LOCAL entering ur country in order to support local industry n create a fair and balanced FREE market. SLAVE VS FREE n u choose SLAVERY and I'm a hypocrite? What flawed selfish arrogant frustrated n satanic logic.

[laztek1]

This video explains how to destroy a society with debt after you have infiltrated the governing powers of said society.

[JohnRusso007]

@marcabela Just keep selling out your fellow countrymen. Just keep following the business practices that have collapsed the world wide economy. Keep stating Tariffs are the same as taxes. You just keep supporting tryannical governments slave labor programs then call it "Free" trade.LOL That's ok to you because you made some money off it. You just keep dancing with the demons and when the music stops I hope there is a chair for you in the insane game of Satanic economic musical chairs.

[marcabela]

@JohnRusso007

Man, you're such a hypocrite. Even you wrote in one of your earlier comments that "a tariff is a tax". You're just fooled into thinking that if you "increase" the cost of the goods your neighbor provides you, you will increase "jobs". This is the stupidest way to think on the planet. But then politicians love you, since you keep arguing in all the directions that feed their pocket (i.e. let's increase taxes!).

Here, two guys reviewing your ideas:

(on YouTube)

/watch?v=gHntki_HkRw

[JohnRusso007]

@marcabela when are you going to learn the difference between a tax and a tariff? These are simple economic tools which you take out of context but don't seem to be able to comprehend? Slave labor vs middle class labor? Slave labor supports tyrannical goverments who abuse their people. Middle class labor supports community and stability. A family supporting enviroment. Are you against this? Is making money more important than destroying the fabric of your country?

[marcabela]

@JohnRusso007

Listen, a tax IS a transfer of wealth between the working class (you & I) and the ruling class (president & bureaucrats). Yes, a tariff IS a tax. Where have you been? To higher "tariffs" on imported goods MEANS to ask your "rulers" to "feed" on those same goods by adding a layer of costs. You seem to think that by increasing the "overall" cost of imported goods, you will "create employment". Like I said, I can't stop you. If you think it hurts today, wait until you have tariffs...

[marcabela]

@JohnRusso007

You can't "build the fabric of your country" by simply raising "tariffs" (creating a wall) on goods the island next door builds. If all the CEOs have left the US over the past 50 years to ask foreigners to make their phones, toys, jeans, boots, abroad - it's because the US government (army, etc) has been increasingly feeding (parasiting) on CEOs forcing manufactures (all of them?) outside the country. Anyway, you're so far away in your thoughts I don't really know where to start...

[JohnRusso007]

@marcabela oh cut it out. I gave you 3 examples then you respond there should be 10- 20. IN REALITY there are thousands. Your theories you worship are proven false by just the 3 I stated. You are an idolator who follows the religious mantra of Hazlit and Bastiat. Try leading some one else with your fanaticism which destroys the communities it exist in. Try looking through the broken window it's better to have a distorted vision than no vision at all.

[marcabela]

@JohnRusso007

Fair well, won't insist. Over the past 140 years government has been increasingly putting its finger everywhere, in your education, your money, your airports, your housing, your food, your healthcare. If you like what you see - and all you have to say is "we need more taxes! can't wait for the government to make foreign products more expensive with tariffs!", I'm not going to stop you.

/watch?v=MXQozTxQSiE

"And many of them are so inured, so hopelessly dependent, that they will..."

[marcabela]

@JohnRusso007

There, yet another person who's talking against those who hold your ideas up high (your ideas = the easiest way to fix things is to raise taxes):

/watch?v=LtBH4t4VY2A

[JohnRusso007]

@marcabela Make ur own clothes??? Your truly have slipped on a piece of ur cheap made in China soap n struck ur head on the edge of the bathtub. Are you delirious? Do you feel numbness in any of ur extremities? I see a cognitive loss of train of thought and a lot of frustration. Are you sure that made in China soap you sell is contaminated with Mellimine? I understand it makes people who come in contact with it dellusional and dangerous to the general public. I can't stop laughing send more vids

[marcabela]

@JohnRusso007

Like I said - you are confused. The soaps I sell are made in Canada & the US. I import them to Japan. The locals clearly confirm my doubt - products from Europe are of a crappier quality and poorer level than their counterparts coming from China. Listen - give it time. Trust me - you don't need more "taxes" or more "tariffs". You need fair competition, trade between countries, and a capacity for poor people to launch into business (i.e. limited taxation). It's relatively easy.

[marcabela]

@JohnRusso007

Finally, if California (or Canada for that matter) are currently so well "managed" and all we need is an even greater amount of bureaucracy (through added tariffs and taxes) - then why are all these "good" economies currently borrowing from China? California owing cash to China, is like me saying to my maid "boy your cooking is crap, why, sure, you're cheap, you only cost me 5$ a day, but your cooking skills are really crappy - oh, by the way, can I borrow 20$ from you?". Wake up.

[JohnRusso007]

@marcabela your an annoying soap peddler. I don't need your slave labor products from China and Vietnam. I buy California baby, Cal Ben and Philosphy. All made in my country by my proud and skilled countrymen. All companies a total success story. Yet according to you they should not be because of the cost of American labor? Let's see how you twist this one. According to ur ideals they shouldn't be successful? Yet your so called "brilliant" people can't explain this in any of their "books".

[marcabela]

@JohnRusso007,

You're confused - Cal Ben & Philosophy should be much (much) cheaper. 1. the overhead (in taxes) is making things very complicated for businesses to move forward, 2. the high regulations prevent fair competition (which translates into a more captive market). Why is it that California (with a GDP equivalent to the size of a country like Canada) only has a few brands? It should have at least 10 or 20? You only focus on the "seen". Hazlitt and Bastiat talk about you (broken window).

[JohnRusso007]

@marcabela Don't refer me to a failed references. All these people you quote are financial nobodies. The people I sat across from the table would tell you to enter from the service entrance so you can have access to the bathroom to sell your "wares" to the bathroom attendent. So you met an author at a book signing convention. WOW. You really do think your smarter than everyone else don't you? Yet for all your "connections" and intellect you sell soap? LMAO

[marcabela]

@JohnRusso007

Fair well then, go for tariffs, ensure all the foreign products get a price hike (i.e. everything you used to pay 5$ you will now pay 8$... 5$ to the foreign manufacturers and 3$ as a tax to feed your government employee).

Let me know how it feels. More labor!

Oh, and... listen, I'm glad to hear we have people like you who prefer labor to wealth, actually, if all you care for is more labor, I may have a few openings for you, let me know when you're free, my bathroom needs cleaning.

[JohnRusso007]

@marcabela Seems like you follow a lot of the business theories THAT FAILED US MISERABLY. If you had any clue of what is going on in the GLOBAL economy all these business theorist you quote HAVE ALL BEEN PROVEN WRONG. Get your nose out of the "books" and maybe just maybe communicate verbally to the people around you.As far as being slow and lazy. Then it just like your kind to respond like that, nothing original but the same high school name calling. Have you ever had an original thought?

[marcabela]

@JohnRusso007

Oh - so, just to get things right, you think that it's Austrian Econ material that got us into the mess we're in? Your pope told you that it was the repeal of Glass-Steagall which was the issue - and you're blabbing out on YouTube? So much for original thoughts.

Wait. One final recommendation for you:

/watch?v=EgMclXX5msc

Call me up when you're through. Good luck.

[JohnRusso007]

Anyone that condones or uses slave labor or pressed labor is a traitor to the morals and values of this country. TRAITORS who support this probably go to ARLINGTON cemetary and spit on the graves of soldiers who gave their lives to prevent such evil from happening here in the USA.

[JohnRusso007]

The graphs in here are spot on. What's the matter with these so called experts picking at it? Are you trying to make us believe that simple market economics is above the intelligence of some of us? We can not buy goods or services without a stable income. We can keep printing money look at the price of gold. It not going up the dollar is losing it value.

[JohnRusso007]

All these so called business guru's. Yet all of our manufacturing 80% GONE. Leaving people with no oppurtunity or future. Yes all this know how and now our country is borrowing money from China just to survive. Keep shipping jobs over seas and making the same old worn out feeble excuses. People are tire of hearing the old BS lines. SUPPORT YOUR COUNTRY and the people who help make it great.

[JohnRusso007]

@marcabela if you knew the difference between "TARIFF" and "EMBARGO" then you would appear to have absorbed what you told me to read. A tariff is a tax on foreign goods that is used to help YOUR COUNTRIES labor force compete in a fair and balanced market. Instead you promote Chinese/Vietnemse communist slave labor. Where people are "FORCED" to work 16 hours a day and housed in dorms in which they have to rent from the local COMMISAR. It involves more than just a customer!!!!

[marcabela]

@JohnRusso007,

There is no difference between a "tariff" and an "embargo" - they both are a weight/wall preventing healthy trade and peacefully chats between countries (a tariff is a "limited weight/wall" - an embargo is a "complete wall"). I repeat: the goal of society isn't to KEEP AS MUCH LABOR TO ITSELF as it can. Wake up. If anything it's the OTHER WAY AROUND. Tariffs on BOOTS only helps the visible 0.1% of people who manufacture BOOTS in the US - at the expense of 99.9% of the population.

[marcabela]

@JohnRusso007, Listen. Quick test for you. And you'll have your answer. Make a list of all the stuff you're wearing RIGHT NOW. Make a list of all the stuff you ate TODAY. And tell me - how much of it all did you sew/hunt YOURSELF? Wait! Why! Why lose on so much more LABOR! You shouldn't provide services you're good at - and exchange it all for shirts and food! What? Shirts and food prepared by others are inexpensive? Well, have I got a solution for you. You should impose tariffs! Try it.

[marcabela]

@JohnRusso007

Better! I (as your ruler/king/government - call me what you will) have decided to "impose tariffs" on all the cheap clothes and food you've been getting from abroad for the past 20 years.

This will surely help you get MORE LABOR.

Don't thank me. After all - a society's goal really has to do with the amount of labor it can get.

Anyway - in all seriousness.

Read Hazlitt. With your level, "Economics in One Lesson" should fit just fine.

Or Bastiat. Ever read "The Law" by the way?

[marcabela]

@JohnRusso007

There - you sound a bit slow/lazy on the math research & economic thinking... so I did the research for you...

On Youtube plug in:

/watch?v=xR8F6oIG8Bg

Good luck.

[marcabela]

@JohnRusso007

Ah! Even better:

Mark Thornton on tariff - through the book (met with Mark a few times in the past - very smart fellow, I'm sure you'll enjoy it):

/watch?v=CYtZgU37wko

[sqgl]

Stupid graph at 1:20 mixing up income with expenditure (rather than superimposing income graph over expenditure graph).

[marcabela]

Up until 2:40 you had stuff almost right. After 2:40 you just went ballistic wrong. US CEOs don't ship their manufacturing structure overseas "because people there are poor". They do so because in these countries governments do not parasite (tax, etc) "too much" on industries ie. do not add to the cost of making goods or assembling things. In the 1920s the US offered 1. the higher wages 2. the highest quality products 3. at the lowest prices - so all three are NOT (and never were) exclusive.

[JohnRusso007]

@marcabela LMAO you really don't get it. They ship your job overseas for the labor cost. In China the average salary is .10 cents an hour or slave labor. Yet the prices for items continue to climb? Can you explain that? Cheaper labor cost hasn't reduced the price of goods, it just increased the profit margin.

[marcabela]

@JohnRusso007

Hello JohnRusso007, well, I own my business and hire people. I am in constant competition with other companies around. My goal is to satisfy the customer - mothers who want what's best for their children, etc (I do mostly eco-friendly soaps & eco-detergents). If I'm told by gov A 1-hour-labor will cost me 20$ and by gov B 1-hour-labor will cost me 2$, then the customer leaves me no choice (I need to provide for the smallest price). Result= unemployment in Canada & homelessness.

[marcabela]

@JohnRusso007,

PS.

Not only that, since I'm left with little managerial choices, I ship all production to China or Vietnam. Jet-lag kills me. Degree of perfection of all services diminish. Crappier products. The poor in Canada loose their skills. Riots for nothing come up more easily. Respect for property vanishes from average people's manners. Worse: if say tomorrow Canada enters a war for x reason, we can't even make a shirt, shoe, hat, ourselves anymore. Manufacturing is gone. LMAO, you said?

[marcabela]

@JohnRusso007

Finally, for a (long) while, the US had the highest paying jobs, producing the highest quality products/services, at the lowest selling costs - around the world. This video is flat wrong (true about most of its content) but completely wrong about the idea that "the US looks richer & foreign countries look poorer HENCE (wrong) people move their factories overseas HENCE (wrong again) this creates recessions". 1,000% wrong. He needs a massive crash class in basic Austrian Econ stuff.

[JohnRusso007]

@marcabela I have been in business for 20 years and have not outsourced one bit of labor. I have 20 years as a business consultant. I have my own company as well and my companies listed on Dunn and Bradstreet. To help America compete we had TARIFFS. NAFTA ended that. These large corporations are basically writing legislation to benefit themselves and screw everyone else. Take a look a Levis Jeans and it tells a story of cheaper labor but higher cost of jeans.

[marcabela]

@JohnRusso007

I only care about the pertinence of your argument - and if think tariffs are what we need then I can only recommend books from Bastiat, Hazlitt, and probably some Stefan Molyneux material (Youtube). From the Smoot–Hawley Tariff to all the others - they are an act of preemptive war on foreign countries. A tariff is nothing but the polite way to call a "tax act". We need taxes like we need a gun on the head. We want trade. Not isolationism. Wake up.

[marcabela]

@JohnRusso007

Levis Jeans: first, if you think "tariffs" make for a good idea - then you probably have your understanding backwards of how peaceful societies and how trade with foreign countries work. The story with Levis: simple. Young Strauss moves to low-tax low-regulation US. Launches business 1853. Hires 100% local. Gets US Gov to protect business from competition through patents laws. US Empire raises taxes & tariffs & min wage. Levi struggles. Forced to ship production overseas. The end.

[JohnRusso007]

@marcabela You have no clue how a tariff works do you? A tariff is a tax put on goods that are shipped INTO the country and not made locally. It balances the American waged worker vs the slave labor worker. Slave labor from like CHINA n Vietnam. Where they lock you up for 16 hours and force you to make insane quotas or you get beaten by a stick but then hey who cares about others as long as you profit.

[marcabela]

@JohnRusso007,

The goal of society is not to "INCREASE" labor and have as much "LABOR" as possible for yourself - if anything a society must try to aim at "LESS LABOR". If people on the island next door are capable of making goods at a cheaper price than the people on your island - then TRADE. Also. Hazlitt & Bastiat both say it best in their quote: the instant goods stop crossing borders is the army's cue. Read David Ricardo (comparative advantage). We need tariffs like a bullet in the head.

[spankytclown]

15 Trillion Now Bitchez!!!

usdebtclock

[VerseInfinitum]

This is a great video!

[roxypopsy9]

that is why wars are needed, get more goods from other countries to pay your debt.

[SvenT23]

@roxypopsy9 I hope you get sent to war and die, you're clearly no asset to humanity

[roxypopsy9]

@SvenT23 that I said what I think is going on about war and economy, doesn't mean i am in favor of it right?

[SvenT23]

@roxypopsy9 What you said isn't a solution, the whole thing's fucked up because of bad governing. It's not like you can just do what you want as a country and than let some other country take the fall for you.

To just casually state "that's what wars are for" suggests that you're happy to keep America acting this way and just bully their way out when they've screwed themselves over too much

[Abuzwebstar]

thanks mate that was useful!

[Jinsuun]

Americans should learn to live with less. That is the only solution to this problem. All and I mean all problems would go away. People in Europe know how to live with less, we've been doing it for a LONG LONG time. America is a young country and they will have to learn this to. It just seem a bit unfair that their learning curve is going to destabilize the whole world!

Dreams of houses and cars, new clothes... You don't NEED this things to live or to survive.

[Jinsuun]

In fact these kind of living is the culprit for the big mess we are in! Be happy with what you got. And except it if you'll have less. You are complaining about things that are something normal here in the "old country" as you people like to call us. You will have to come down from you high chairs to the ground. Please do before war and all hell breaks lose.

[jinto1980]

here are some money making idea's for Uncle Sam. Legalize drugs and cut the gangs and corporations out of it. A state run sector of the economy. grow or buy the raw resources need to produce drugs. Make it and sell for profit. Also regulating the drug business vastly cheaper than the drug war which is a total failure. To be honest who doesn't want all their worries going up in smoke.

[shavis001]

Learn a valuable skill. Something that can make you money, or trade goods for, in an environment where cooperation is limited at best.

[delagrazia]

well,ifnoone pays debts andstart fresh would be no problem right?

[delagrazia]

plz explain,how the federal rezerve works?Why is it important that belongsto bilderberg group...that is private not public?