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Posted by Lokmar
- February 25, 2024, 01:06:45 AMQuote from: JOE on February 24, 2024, 08:18:19 PMI've read or heard that a Gold standard would not be sustainable.
You're an idiot and you managed to find an idiot just like yourself except he made a retarded video. Guess that makes you smarter than him!
Posted by Thiel
- February 24, 2024, 09:55:05 PMQuote from: Tommy Douglas on February 24, 2024, 02:24:27 PMThe three most repeated myths are cutting government spending on pet project hurts working men and women, mass immigration has more pros than cons, and racism is systemic.Negative reactions to sustainable spending are more obvious back in Canada. When any provincial government said they would hold spending to zero or even cut it one or two percent for one year, the headlines would always include the words draconian. We were promised the sky would fall on health care, public education, wind and solar subsidies and municipal budgets. They never did.
Tommy Douglas is no longer in politcs. Government spending today only benefits friends of the government in power. Those are people that need it the least. They take our money and give it to overpaid bosses at the CBC for example.
Real socialist want a growing prosperous blue collar working class. Taking our money and giving it to fat cat civil service bosses, corporate lobbyists for green energy/electric cars, and special political interests does not improve any wage earners life. You know what will? Cutting that spending and letting working people keep their own money.
Ottawa and the provinces have a lot of lard in their budgets that would not be noticed by the average Canadian if they were eliminated.
The problem with health care and education, which are both provincial areas of responsibility, is that grossly overpaid boards of people who are not teachers or health care providers determine how the money is spent. They will increase class size or cut overtime for nurses rather than give up their bonuses in years of belt tightening.
In Ottawa, no government has actually cut spending since the first two terms of Jean Chretien. The Harper government only held the line on spending after Canada came out of the global financial meltdown. In both cases, it was provincial transfers that were either cut which forced provincial governments to find efficiencies.
Posted by JOE
- February 24, 2024, 08:18:19 PMQuote from: Oerdin on February 24, 2024, 10:03:37 AMand South Africa suggested gold which no one could afford.
I've read or heard that a Gold standard would not be sustainable. It was the dominant standard a few centuries back but it was abandoned.
Also, when it was dominant, economic instability, panics and economic depressions were prevelant and long lasting too. For example, the USA went through a depression after the Civil War which lasted for 20 years.
Posted by Lokmar
- February 24, 2024, 03:54:37 PMQuote from: JOE on February 24, 2024, 02:30:07 PMYeah but that's besides the point, Lokmeer.
No josephine, the point is, its a fucking shithole because they butchered whitey and kicked him out of everything. They have the worlds riches underground but are too fucking corrupt and stupid to turn it into anything.6
And they're doing the same thing everywhere whitey lives now.
Posted by JOE
- February 24, 2024, 02:30:07 PMQuote from: Lokmar on February 24, 2024, 01:48:54 PMLMFAO!!!!
The only thing getting rid of Apartheid did was make the ENTIRE country a shithole! They took that model and exported it world wide.
Yeah but that's besides the point, Lokmeer.
No matter how you feel about that country, it still has something like 90% of the world's platinum supply, and a huge chuck of other commodities like gold and diamonds.
It is one of the most mineral rich nations on earth.
And of course if it becomes unhinged or destabilized, I believe prices of key commodities could shoot up.
Have a look:
https://www.madisontrust.com/information-center/visualizations/which-countries-product-most-gold-silver-and-other-precious-metals/
Posted by Tommy Douglas
- February 24, 2024, 02:24:27 PMThe three most repeated myths are cutting government spending on pet project hurts working men and women, mass immigration has more pros than cons, and racism is systemic.
Tommy Douglas is no longer in politcs. Government spending today only benefits friends of the government in power. Those are people that need it the least. They take our money and give it to overpaid bosses at the CBC for example.
Real socialist want a growing prosperous blue collar working class. Taking our money and giving it to fat cat civil service bosses, corporate lobbyists for green energy/electric cars, and special political interests does not improve any wage earners life. You know what will? Cutting that spending and letting working people keep their own money.
Tommy Douglas is no longer in politcs. Government spending today only benefits friends of the government in power. Those are people that need it the least. They take our money and give it to overpaid bosses at the CBC for example.
Real socialist want a growing prosperous blue collar working class. Taking our money and giving it to fat cat civil service bosses, corporate lobbyists for green energy/electric cars, and special political interests does not improve any wage earners life. You know what will? Cutting that spending and letting working people keep their own money.
Posted by Lokmar
- February 24, 2024, 01:48:54 PMQuote from: JOE on February 24, 2024, 12:33:19 PM...of those nations, the one to keep on eye on is South Africa.
Rich in minerals such as gold and platinum but not well run nor politically & economically stable.
That's why I think commodities is the place to be for future growth. And if something happens there then the prices could shoot up.
LMFAO!!!!
The only thing getting rid of Apartheid did was make the ENTIRE country a shithole! They took that model and exported it world wide.
Posted by JOE
- February 24, 2024, 12:33:19 PMQuote from: Oerdin on February 24, 2024, 10:03:37 AM..... and South Africa suggested gold which no one could afford
...of those nations, the one to keep on eye on is South Africa.
Rich in minerals such as gold and platinum but not well run nor politically & economically stable.
That's why I think commodities is the place to be for future growth. And if something happens there then the prices could shoot up.
Posted by Oerdin
- February 24, 2024, 10:17:00 AMThey were always just a list of countries recommended to bond investors in the year 2000 for investors who wanted to diversify bond holdings outside of the west. That is it. That was all the American economist who invented the term meant by it.
Posted by DKG
- February 24, 2024, 10:09:50 AMQuote from: Oerdin on February 24, 2024, 10:03:37 AMOnly idiots thought there would be a BRICS currency. India said from the begining it didn't want any currency union, China demanded everyone just adopt its crap currency, Russia demanded it's currency which no one wants, and South Africa suggested gold which no one could affordThose economies are too diverse and too separated from each other to have any real form of economic integration.
None went into an details at all. That is because BRICS is nothing more than a phot of and nothing more. They don't even trade with each other. They literally have never made any meaningful agreement on anything.
Posted by Oerdin
- February 24, 2024, 10:03:37 AMOnly idiots thought there would be a BRICS currency. India said from the begining it didn't want any currency union, China demanded everyone just adopt its crap currency, Russia demanded it's currency which no one wants, and South Africa suggested gold which no one could afford
None went into an details at all. That is because BRICS is nothing more than a phot of and nothing more. They don't even trade with each other. They literally have never made any meaningful agreement on anything.
None went into an details at all. That is because BRICS is nothing more than a phot of and nothing more. They don't even trade with each other. They literally have never made any meaningful agreement on anything.
Posted by JOE
- February 24, 2024, 09:21:43 AMQuote from: Oerdin on December 30, 2023, 10:01:57 PMIt really doesn't matter as BRICS doesn't do anything of substance. It is literally a photo op.
I remember last year the world was waiting for the much publicized & ballyhooed BRICS Currency, but a year later?
https://www.youtube.com/watch?v=IJnpYszYLQA
We're still waiting.
If it's gonna dethrone the USA dollar, they also have another competitor to deal with....Bitcoin. and they have gotten quite a head start over this proposed BRICS currency.
So far, the BRICS currency has just been smoke and mirrors.
Posted by DKG
- February 24, 2024, 09:15:50 AMQuote from: Herman on February 23, 2024, 10:49:31 PMPain for who? Those woke assholes in unnecessary managerial postions that are living high on the hog at taxpayer expense.That is how it works. The US, Canada, and Britain are spending record amounts of money and it is not helping the working class. Health care, education, and infrastructure are all worse under Biden and Trump.
I like what Alberta next door did. Fired all the bosses on their provincial health board. All were making three hundred grand plus and none of them delivered health care on the front lines. All were demanding more money, but no improvement for health care. The pricks are unemployed now.
I call it trickle down socialism. Most new government spending is concentrated in very hands. It lowers the standard of living for the middle class with new taxes and more debt. That has been the situation in Argentina too as I understand it. Big government spending has made some people very comfortable and most very poor.
And Millei did not admit his necessary restructuring of the economy would cause pain. A biased video did.
Posted by JOE
- February 24, 2024, 02:30:55 AMQuote from: Herman on February 23, 2024, 10:49:31 PMPain for who? Those woke assholes in unnecessary managerial postions that are living high on the hog at taxpayer expense.
Well, this is what it looks like in Argentina & even Millei himself admitted in this video there will be pain coming:
Again I repeat, maybe these cuts are necessary Herm.
Only time will tell tho.
Posted by Herman
- February 23, 2024, 10:49:31 PMQuote from: JOE on February 22, 2024, 10:11:22 PMWell to answer yer comment/question there is inevitably gonna be a lotta economic pain when there are budget cuts. The poor people in Argentina are gonna suffer even more.Pain for who? Those woke assholes in unnecessary managerial postions that are living high on the hog at taxpayer expense.
However I admit maybe Millei has no choice. It's either swallow the pain now or later.
So he choose to do it now and maybe it'll be better for Argentina in the long run.
I kinda think Canada could face that to if the current government keeps overspending like they are now.
Trudeau had his time but I think he's gotta go.
I like what Alberta next door did. Fired all the bosses on their provincial health board. All were making three hundred grand plus and none of them delivered health care on the front lines. All were demanding more money, but no improvement for health care. The pricks are unemployed now.