Americans Spend Too Much Money
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Cenk, you communist!!!! (joke LOL)
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@Intramorph Austrian economics 101, a key to a good economy is saving and producing. Capitalism isn't spending like truck ask Peter schiff that question. Keynesians aren't free market capitalist and they've been in control for decades. Corporatism is the problem, which is a form of socialism.(force)
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@Intramorph You're the silly one. "23ballin24" is pretty clearly Michael Jordan (23) BALLIN (basketball) Kobe Bryant (24). Nothing at all to do with money or the economy. Keep making assumptions though. +1.
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@megeles Actually, it's your arbitrary assumption that's silly. When did Cenk use the term "ballin'"? He didn't. So then why would you think I was referring to him? My comment was a reply to an earlier post which said "Cenk is such a fucking dumbass. The American Economy is run by consumers, if we don't spend, businesses don't profit, in turn they have to lay off workers." The jab I took was in reference to the user name of the person who posted that comment (24ballin23).
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@Intramorph You start off your comment by taking a jab at Cenk and then make the exact same point he made. You're silly
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" every BJ begins with Kays"
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@Mrflappere 9 months, but im still going to respond, and im 1500000% sure your being sarcastic, but dude, americans are up-fuckin-sessed with horses, the kentucky derby? the biggest whorse race in the world.
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the big joke is where does all the spending come from? It's not free. It either comes from your pocket or is borrowed or more likely is printed. The government has no savings to spend. Real wealth comes from hard-earned savings. Smaller government, less spending, means more capital to be invested productively.
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Nice golden watch you got there.
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Sure, not spending at all is bad for the economy, but overspending till you're up to your eyeballs in debt, or worse yet, go completely broke/bankrupt doesn't do anyone any good, either. There has to be a balance. Certain businesses are going to suffer horribly, if not go under during our current state, but it is the economy purging itself of the binging it's been doing the last 20 or so years. THAT'S the cycle. Unfortunately, what we're going through right now is self-induced.
Intramorph 3 years ago 9
Oh, here we go. Tips on economy from someone who uses the term "ballin". The reason we're IN this mess is because of OVERspending. Americans LOOOVE to spend beyond their means, no matter how much they make, because they've been brainwashed into being obsessed with material goods by capitalist BS & propaganda. Subsequently, it has led to a grossly oversaturated market. Given such a catastrophic combination, an economic collapse is eminent.
Intramorph 3 years ago 9