Why the Economy is Failing in 200 Words or Less

[ThePieSwindler]

come on ya`ll....the question was;

"Why the Economy is Failing in 200 Words or Less ?"

the fed, stockbrokers, bankers, ect. only manipulate what`s actually produced and we haven`t produced for a long time.
if we`re going to have any type of a productive economy, one where futures can be traded or stock bought-n-sold we`ve gotta produce something tangible.
the world can`t eat information!
our society has degraded into folks who peddle others wares and sometimes ideas....
if you can`t touch what you`ve produced at the end of your workday then you`re a drain on those who are keeping this country afloat...
think about it.

We are the #3 exporter in the world, the #1 exporter of agricultural products, and still one of the top manufacturing exporters. You're acting as if all that is done in the US economy is the "manipulation of information", when in fact, not only is that not true. US population is growing, and production is increasing - in the long run, we are alot better off than many other countries (such as Japan and the Eurozone) because of immigration and population growth. We will grow ever more productive. Financial markets are an important part of that equation, because they are what help fuel investment, which results in VERY tangible production results. So no, you are wrong, this is not the reason we are in economic troubles. In the long run, the US is very well off, although there are some pretty big issues (public debt, entitlements, low savings rate).

 

[puppetmaster]

I second that!!

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[acptulsa]

I think the truth is somewhere between Mr. Evans and thePieSwindler, actually. We still produce, but not like we used to. We are not a nation entirely of middlemen, but we are tending that way. And like our military imperialism, we engage in financial imperialism, manipulating markets for our gain. The problem is, sometimes our machinations bite back.

 

[gilliganscorner]

To the tune of "Do your ears hang low"

When Congress is in a Bind,
with a Bill they want to sign
But haven’t got the cash so they can’t sign the dotted line.
There’s no need to give up yet,
They just Monetize the debt
A fancy IOU will keep the books all set.

The Treasury issues a Bond
And it doesn’t take too long
For the Federal Reserve to find its way into our song
They put the Bonds into their stash,
turn the value into cash,
Thats how debt turns into dollars for the Congress in a flash.

But in case you weren’t aware,
The Fed doesn’t stop there.
For each dollar they give congress they pull 9 out of the air.
This gives banks the green light
to make loans out day and night
Collecting interest fees for nothing with no end in sight.

Though the Fed, you See
Is a private entity
They control all of the banks that are used by you and me.
For every dollar you put in,
The bank can loan out ten,
And they’ll never have a bank run, they can print it on a whim.

So it should come as no surprise
when you see the prices rise
The Market is reacting to the currency supplies.
Wages don’t keep up the pace-
So we work harder to replace,
The spending power taken by this financial disgrace.

Did you write that? If so:

We're not worthy! Well done!

 

[snpage]

come on ya`ll....the question was;

"Why the Economy is Failing in 200 Words or Less ?"
.

Because you lack scope is your problem. Not mine. This is so multi-deminsional it is not even funny. Even Dr. Paul says you have to look at our foreign policy on the economy as well. There is no one catch all. It IS indeed complex.

 

[TER]

Greed and/or apathy. (is that 3 words or 4?)

+196 (or 197)

 

[micahnelson]

Did you write that? If so:

We're not worthy! Well done!

I did, in fact, write that. I plan to teach it to my forthcoming offspring.

 

[Chiznaddy]

Here's My Editorial on the Economy

Why is our economy failing?

Because the Federal Reserve just stole American taxpayers’ and investors’ dollars to bail out its member Bank in JP Morgan; lending the money at an artificially low interest rate…and no one seems to care.

Because the Bush administration proposes an “economic stimulus package” that is nothing more than printing more paper, deflating the value of the paper taxpayers and savers already hold…and no one seems to care.

Because our “top-tier” presidential candidates are facing decisions regarding an endless and expensive war and economic recession, yet they offer no sustentative solutions. One candidate openly says he will keep many of the current administration’s economic advisers…and no one seems to care.

Because when anyone makes a public stand to expose the truths of our system; when anyone points out the hypocrisy of America’s governing classes; when people who have been warning us of our self-imposed destruction for many years; referencing the advice of our Founding Fathers and the US Constitution; they are dismissed as crazy, unpatriotic, or impractical…and no one seems to care.