User 196790

The Perversion of American Capitalism

Deflationary pressure will not be an issue in this case, because no one will want to hoard the USD once it is no longer the strongest investment in the world. The GBP will be the global reserve currency in ten years, mark my words.

The Perversion of American Capitalism

I am 100% a proponent of capitalism and I understand the merit in a debt-driven economy, with or without industry. But if this is the system that is to work, then we have to PRIVATIZE rather than SOCIALIZE. We're headed in the wrong direction, there was misdirection of capital when the Fed kept rates low in the 90s and now the only way to fix it is suffer the consequences short term to regain long-term stability. We are socializing further for short-term benefit at the expense of the longer term.

The "American people" will not get us out of this. Their collective merit in intellect and ingenuity is irrelevant. We need libertarian economic policy to get us out. We have to understand that artificially high money supply caused the misdirection of capital that we are falling off of right now. And if we are to remain the economic superpower of the world, we have to let the markets do their work and maintain purchasing power for America.

America works because it is, like everyone is saying, debt-driven. America is the best investment in the history of the world. Or at least it was. We rely on that image for foreign investment and reliance. We rely on that image for purchasing power. We have to prove it now. We need to get Alexander Hamilton on their ass.

Dawg, free market FOR THE WIN.

The Perversion of American Capitalism

I am 100% a proponent of capitalism and I understand the merit in a debt-driven economy, with or without industry. But if this is the system that is to work, then we have to PRIVATIZE rather than SOCIALIZE. We're headed in the wrong direction, there was misdirection of capital when the Fed kept rates low in the 90s and now the only way to fix it is suffer the consequences short term to regain long-term stability. We are socializing further for short-term benefit at the expense of the longer term.