Economist awake - finally

[4-2-7]

Originally Posted by Dondilion

Welcome 4-2-7!

I hope we can distill and ventilate this issue. I believe we are too fixated
on income inequality. Is there any way that average joe can get a livable
wage even in an highly skewed income society?

I did not see your post before this. Thanks for some serious thoughts.
The bigger economic heads on the site will soon jump in.

Thanks for the welcome and I probably should have opened a Intro post.

I feel everyone should aspire to be the other guy. Not try and take what others have done and make it theirs thats stealing.

No different if I took from someone there only dollar. Is that right? I might only have 50 cents.

You have to fix the economy and the way western banking system is done.
The Federal Reserve, The Government, The fractional Reserve Banking all need to change.

"Is there any way that average joe can get a livable
wage even in an highly skewed income society"

Yes start looking at what the right hand is doing all the while there telling you to look at the left. Stop being lead around by parties and there midia mouths for votes.

[4-2-7]

Originally Posted by bobabode

You aren't one of those 'Don't tread on me' guys with the eastern Diamondback rattler on a yellow field flag wavers, are ya?

BTW Welcome to PC.

lol I'll shake my tail anywhere.
I am of the party of me and what is right for the people. The ones that think they need to Identify with parties are the sheep being lead around to do some others agenda and power grab.

In this day and age there is no difference in parties, they are one and the same.

The goal for all, well the two parties is to have the American people at each others throats. This way we can't pay attention to what's really going on and work together to fix it.

[BlueStreak]

Originally Posted by Dondilion

Broadly speaking income inequality per se is not the problem.

The problem is disposable income at the bottom.

The two are linked. Seeing that the workers at the bottom have little to no "disposable income" is called "efficiency" by those at the top.

Dave

[Dondilion]

Originally Posted by BlueStreak

The two are linked. Seeing that the workers at the bottom have little to no "disposable income" is called "efficiency" by those at the top.

Dave

Efficiency Indeed!

[4-2-7]

Well in reading the story I say Bull Shit.

For one thing look at where the story originated.
http://pages.wustl.edu/files/pages/i...equ_130113.pdf

Also look at the graft on page 7, Look at 1971 were this graft starts to elivate and ask yourself What happened in 1971. Come on I'll give you a clue, it has to do with our currency changing.

Also other than me taking stories in MSM as fact I like to look where the story came from, who is the writer and so forth.

Lets look at Barry Z. Cynamon. and the top of the search leads to the Federal Reserve.
But look for yourself
https://www.google.com/search?q=Barr...m=119&ie=UTF-8

Now for Steven M. Fazzari a college professor.

https://www.google.com/search?q=Stev...m=119&ie=UTF-8

Steve Fazzari’s research explores two main areas: the link between macroeconomic activity and finance, particularly the financial determinants of investment spending, and the foundations of Keynesian macroeconomics. His perspectives on the causes and consequences of the Great Recession, financial instability, deficit reduction, and capital gains taxation has been highlighted in the national and international press.

Yep Keynesian economist both of them which is the problem of the US economy now.

But I'm sure we are getting straight facts from the Fed and a college professor. Who side with Keynesian economics.

[merrylander]

Fine sonny you say bull shit, I say prove it. The economy is stagnant, salaries (exceopt for the favoured few) are stagnant. Government as a per capita number says we have fewer civil servants per capita than we had in 1980. Americans are taxed less than citizens of other industrialize countries - mind you thanks to our dumbass system of government they also get less for their money. I am sure that Paul Ryan, Alkan Greenspan and the rest of the blind followers of that slut Ayn Rand will agree with you, but only because they have not had an original thought sind 1955.

Have a nice day and welocome to this nut house, but you are going to have to be firing something other than blanks to survive.

[4-2-7]

Originally Posted by merrylander

Fine sonny you say bull shit, I say prove it. The economy is stagnant, salaries (exceopt for the favoured few) are stagnant. Government as a per capita number says we have fewer civil servants per capita than we had in 1980. Americans are taxed less than citizens of other industrialize countries - mind you thanks to our dumbass system of government they also get less for their money. I am sure that Paul Ryan, Alkan Greenspan and the rest of the blind followers of that slut Ayn Rand will agree with you, but only because they have not had an original thought sind 1955.

Have a nice day and welocome to this nut house, but you are going to have to be firing something other than blanks to survive.

What blanks? I'm putting you right on the reason our economy is suffering.
Federal Reserve, Fiat Currency,Fractional Reserve Banking. This is the reason and it's been a slow trickle since we went off the Gold Standard.

When was that you say? !971, that the point of high inflation and got bad in the early 80s. So Our government started to manipulate the markets and running credit sky high selling bonds oversees. The American public did the same thing going from cash to credit cards just to survive oh and a couple extra cars. That made everything look hunky dory for a while. Well nothing has been fix we are lead to believe inflation is in check. It's not we exported it to other countries.

Did you know that the $100. bill is our largest export?
Did you know 20 years ago the largest quantity of banknotes needing to be printed were $1. dollar bills? Today it's $100. bills.

What do you think will happen when we lose the standing as World Reserve Currency? I'll help you a bit. well all that printing we have been exporting will be coming back to our shores. You think you have inequality now just wait for this. People will wake up in the morning broke, their dollar worth a penny if that. A severe dilution of the currency supply. Do you want FACTS look up survivability of fiat currencies.I think it's only a couple that have made it past 40 years the USD & Pound. Look to history for the truth.

If you're old enough to know how bad WWII was that will look like a cakewalk.

So just my suggestion, instead of worrying about what others have earned in there life. Following the lead from political entities that are deceiving you and created the problem. Figure out a way to help the young that you love put something away for them that will have value.

Because you and me and the currency we use and lead to believe is "Money" Well we will be dust soon along with the USD.

Hey thanks for the wellcome! I also didn't mean your thread was BS just the story and it's origins.

[Tom Joad]

Originally Posted by 4-2-7

Did you know 20 years ago the largest quantity of banknotes needing to be printed were $1. dollar bills? Today it's $100. bills.

Why would anyone carry 50's or 100's?

Everytime I try to spend one they hold it up to the light and then pull out a magic marker and draw a line on it and then lift up the cash drawer and put the bill under it.

They make you feel like you're some kind of criminal, so I have to go around with a wallet stuffed with $20's to the point where it will hardly shut because I'll be damned if I'm going to put every fucken thing I buy on plastic.

http://youareagrownman.com/2010/08/23/carry-cash/

The more I write this blog, the more I realize my grandfather may be the coolest Grown Man I’ve ever known. And, even though he has an aversion to wearing a tie, eating any form of bean, and The Pope (I don’t share his disdain), he is typically my go-to Draper-in-residence (without all the skirt chasing and domestic violence). So today, I’m thinking about my grandfather as I begin to talk about Grown Men carrying cash. Why? Because that old dude typically has a wad of cash in his sweat pants pocket that would make even the most seasoned of Chamillionaire jealous. For real, I’m pretty certain that he’s been to K-Mart a number of times with a grand in small bills — not kidding at all.

So, why should you carry cash? Because, like the Boy Scouts say, you’ve got to be prepared. Young men reading this blog, imagine the following scenario: You’re on a date with a lovely lass when she spots one of those awesome Catholic (sorry Tilt-A-Whirl Of Lovegrandpa) church carnivals in the distance. Without warning, your plans for a movie and some making-out have been thwarted and your evening will now look more like funnel cakes and Ferris wheels. Bummer. However, she wants to go and you quickly realize that you might be able to get some of that sweet kissin’ action on the Tilt-A-Whirl, so you concede. But wait, you’ve hit a snag, the movie theater is more than willing to accept credit cards for purchase, but the carnival is doing some serious IRS dodging and will only accept cash or cigarettes for rides. Oh the embarrassment! Oh the Tilt-A-Whirl!

Our society has become completely plastic (no offense to Joan Rivers) and we no longer require cash for a majority of our transactions. I believe this shift came in 2004 when our greatest national export began accepting credit at all 1.8 quad-trillion golden arch locations. Yep, that’s the year that McDonald’s got sick and tired of subjecting their 14-year-old register kids to men fumbling around in their wallets and holding up the line while begging money off their friends. Until that time, we knew that even the most basic of American needs (Big Macs and those awesome apple pies) would necessitate even a dollar-menu’s worth of green. But when they jumped ship, so did the fat country. Now, we’re stuck at the carnival with a pissed off girlfriend and an ATM walk of shame.

Gentlemen, you’ve got to be ready for whatever comes your way. From carrying a pocket knife to having at least $30 in your wallet at all times, there are just some necessities for navigating this concrete world. Back in the day, and I mean really back in the day, a man wouldn’t have left his cabin without a gun, some water (whisky), and a hat. He knew that with these three things he could eat, sleep, be safe, and look tough as hell. It’s time for us to reclaim that duty as men and make sure that we’re always well equipped with the bare minimum.

But Grown Man, what if I get robbed? If they steal my wallet and I don’t have cash, all I have to do is cancel credit cards!

I love the “getting robbed” excuse for being ill prepared. Because truthfully, most people don’t get pick-pocketed. If you live in Compton or something, maybe you should consider not carrying a grandfather-wad of money. But most of you live in Generic City, USA and carry a $250 mini-computer in your pocket without giving it a second thought. Are you really that nervous about not carrying anything valuable? I don’t think so. Additionally, $32 bones given to some armed bandit isn’t going to break the bank — hopefully. If it is, you’ve got bigger fish to fry and should probably consider becoming an armed bandit yourself.

That’s all for today, go to the ATM on your lunch break and enjoy the Tilt-A-Whirl.
You’re a Grown Man, carry cash.

[bobabode]

Where's the bug spray? I smell a John Bircher...

[4-2-7]

Originally Posted by bobabode

Where's the bug spray? I smell a John Bircher...

Here you go be careful which way you point it.