Today's news according to TRCO
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9:50
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Video - Breaking News Videos from CNN.com# video world 2008 11 27 vo.india.bmc.hdqt.attack.ap# video world 2008 11 27 vo.india.bmc.hdqt.attack.ap# video world 2008 11 27 vo.india.bmc.hdqt.attack.ap.flvby anurag877001,341 views
you seem to be worried about the precious profits of the CEO's and the value of your real estate. That seemed to set you off. Why all the ad hominems?
No, what is your bias? Because you talk and you make no sense.
therealcaptobvious 3 years ago
Your arguements make no sense. Who are you biased for? China has the pie that wasn't already hoarded by American CEO's. China's markets reflect future earnings, they're very protective of their economy. Unlike the leaders of the U.S.And no, i'm not blaming them. I'm blaming our leaders. Have you looked at the wealth inequality charts? Or do you have a tough time grasping reality?
therealcaptobvious 3 years ago
Well, China has been done in this story, not the US.
Now if some US people did not get their share of the loot, it is an internal issue.
Thinking in terms of gangs might help: a gang looted a sector and some gangsters did not get their share. Is the blame on the looted or the gang itself? Not a question, it is an internal issue.
Yes, some US people did not get their share of the pie, but it is not the fault of the people who provided the pie (like China)
TheCZMan 3 years ago
People in the US did not get paper backed by nothing: they received real wealth in exchange of giving money paper. The US is mainly a consumer economy.
As to your last remark, it is what I wrote earlier: you are not speaking about politicians screwing up, you are talking about you (or other US citizens) not getting their share of the pie.
Please remember the starting point: Rocksiphone's comment claiming that China was the issue, that the US should screw the world etc...
TheCZMan 3 years ago
the people in the U.S. were getting paper backed by nothing. They were also getting interest only mortgages backed by nothing, so the "real wealth" in real estate was just a figment of your imagination.
Have you seen the wealth distribution charts? That started up in the 90's... a very few have WAY too much power over everyone else in America. If everything was efficient here in the U.S., most of these foreclosures would not have happened.
THINK!!
therealcaptobvious 3 years ago
Well, without this special bargain that is the possibility of getting real wealth against money paper backed with no goods, the US area could not have been equipped as much as it was with houses.
So in other words, in the US, for the same amount of work, people could gain a house (real wealth) whereas others in the world were gaining paper money backed with nothing.
Now that you or other did not get their share of the pie is another story... a story of personal comfort...
TheCZMan 3 years ago
Before I answer that we have to clarify something.
Exactly how were the "...people offered the possibility of gaining real wealth"?
And while you're explaining this, please look at the inequality charts. Americans used China to exploit it's own economy for their own benefit. Could you explain how the extreme extortion measures of a few greedy CEO's is supposed to retain the value of the dollar?
therealcaptobvious 3 years ago
the US defaulted in terms of providing real wealth. The Chinese can do nothing with the US money they have because it wont buy them nothing.
So I really wonder how US politicians screwed up the US people when they offered this people the possibility of gaining real wealth while giving out money paper which is not backed up with real wealth.
Please explain how obtaining real wealth against paper money only is a poor bargain?
TheCZMan 3 years ago
How does it need to be backed? Do you disagree with the fact that sucking up to 50% of the worldwide natural resources daily harvest has been an achievement serving the US? Indeed, you might be led by greed and consider the other 50% left.
So US politicians did not perform perfectly... I rest my case: they performed well but not perfectly.
China cannot leverage anything because money is a means of exchange.
They have invested real wealth in the US and are now stuck with money since
TheCZMan 3 years ago
TheCZMan, can you back up your statement about US politicians?
China is stuck with a lot of leverage in the U.S. They can collapse the currency like they threatened to last year as political manipulation. The US politicians screwed up.
therealcaptobvious 3 years ago