The Capitalist System Is Facing Its Worst Crisis Ever

The Federal Reserve is not the government fiscal policy or anything to do with the deficit or government spending.

It is outright fact as I have demonstrated to you over and over.

 

https://i.insider.com/5c499a1e2bdd7f69ad052455?width=700&format=jpeg&auto=webp

Since 2006, the number of people in "involuntary" part-time work has risen from 620,000 to 881,000 today — an increase of 42%.

https://www.businessinsider.com/unemployment-vs-involuntary-part-time-work-underemployment-2019-1

 

Magnificent! I wish I could do something more appreciative than merely 'liking' your post. Very well said, sir!

 

The Chinese are trying to impact the US election and the Democrats are all colluding with them.

Where is the Special Counsel to investigate Adama Schiff, Nancy Pelosi and Chuck Schumer ???

 

I hear the Chinese Communist are buying a lot of ads on Facebook and democrats don't seem to care

 

Do you think interest rates effect the economy? Yes or no?
You mentioned one of trump’s achievements being the economy so it is a relevant question.
Do you feel 1 trillion in deficit spending effects the economy?

Just repeating something over and over does not make it true

 

I don't care about the UK. We had a GLUT of full time jobs here before the COVID thingy.

What Does Part Time Employment Look Like in March 2020?
Let's take a closer look at the latest employment report numbers on Full and Part-Time Employment. Buried near the bottom of Table A-9 of the government's Employment Situation Summary are the numbers for Full- and Part-Time Workers, with 35-or-more hours as the arbitrary divide between the two categories. The source is the monthly Current Population Survey (CPS) of households. The focus is on total hours worked regardless of whether the hours are from a single or multiple jobs.

The Labor Department has been collecting this since 1968, a time when only 13.5% of US employees were part-timers. That number peaked at 20.1% in January 2010. The latest data point, over nine years later, is lower at 17.0% last month.

Here is a visualization of the trend in the 21st century, with the percentage of full-time employed on the left axis and the part-time employed on the right. We see a conspicuous crossover during the Great Recession.


Since early 2016, the two cohorts have slowly drifted apart, with full-time employment gaining.



https://www.advisorperspectives.com...-part-time-employment-look-like-in-march-2020

 

Asking the same specious questions proves nothing. The government budget is NOT the economy, learn the difference.

 

I don’t know why you keep repeating the same strawman over and over again all while being unable to answer simple questions. Oh wait, yes I do — weak argument

 

I am still trying to get anybody (ANYBODY) to explain to me why interest rates should be permanently ground into the dirt of ZERO when demand for loans and credit is at a 'fever-pitch'! Nearly everybody and all businesses of any note are "leveraged" beyond belief, and yet Trump and central bankers think that we should make ZERO-interest loans, bailout's, and other 'rescues' lavishly available to all these reckless morons on an unending basis. We've done this almost non-stop since 2008!

Does ANYBODY but me think this is corrosive and permanently destructive to a free-market, capitalist economy, and, a great big kick in the crotch to people who actually save money?!

."What the hell's the matter with you?! Don't SAVE money -- run out and SPEND it!"

 

Responding to your strawman the US government budget is the economy.

It was you in a discussion of capitalism failing injected the US governments budget deficit

↑
Me>> Yet it had just produced one of the greatest economies ever...............go figger.
You>> What is our current deficit level? Current total debt? Debt per citizen?

Talk about a strawman

 

I long for the days when I could 2% on my checking and savings accounts and 4%-5% on safe money market funds.

 

If it was a great economy we wouldn’t have an unsustainable debt load.
It would be like saying you are successful even though you are living off of credit cards and only paying the minimum due while you owe money to everyone in your neighborhood.

Maybe we just have different definitions of “greatest”.

If that is the way you live, that is your problem.

 

AGAIN the FEDERAL BUDGET is NOT THE ECONOMY.

 

Like I said, if that is how you keep your house budget in line — I feel for your family.

Let’s just hope it is just feeble partisan rhetoric

 

My household budget is not the economy it is my household budget. Let's hope you learn the difference.

 

I think you didn't understand what I was saying.

 

We used to think that one day South Vietnam would be like South Korea.
Alas, after it was invaded by North Vietnam (from Cambodia) with the
support of Red China and Communist Russia it became like North Korea.
Oh, and like East Germany too.

So if I am asked, "Did you want to live in Sth or Nth Vietnam, Sth or Nth
Korea and East or West Germany?" You and me would pick the Capitalist
societies. I believe even Edward Snowdon wants to return to America. Hope
they never let him.

 

I think the Pooh rather means,- The Redistribution of Land expropriated and stolen from the people
by the Tin Pot THUGS and Death Squads trained and funded and placed into Power by American
...................................... Tax Dollar$ --- Land that had been turned over to Rapine American Corporations.
........................................................................................ Land that is rightfully be owned by The Citizens of the Country


But of course many Ignorant - Poo Patriots - could care less of the Rape & Murder committed
in their name, so long as they get their can of Del Monte at a CHEAP PRICE they "Think is Worth It"




.

 

So how's it go Poohzer ?
& Be sure to keep that
Sand out of YOUR ears

 

Well said.

The real problem after the cost of entry, is that we as a country overvalue financial risk vs those who risk their time (labor). This is not to say that those who risk their money do not deserve a bigger piece of the pie, it is to say that they take too much of the pie. And our tax code absolutely bears that out. Thats why those who have money have found the greatest ROI on their money is to buy political influence. That is no-more apparent than in what the political class has been telling us since Reagan coined the term for it..."Trickle Down Economics". They have convinced a very large share of the electorate that if we give the money to corporations and the rich people, that eventually they can get their money. Basically, we need to filter the money thru the top and let those at the top decide how much you should get.

The political class in this country are slowly becoming the "gilded" class. And they are becoming that thru what is becoming an unfettered flow of money to them for political favors. And your point: "The problem, in my view, is in the party system we have where individuals are compelled to vote along party lines or risk losing their position" is valid, but i would take it one step further to be that if they don't do what the donor class wants, they wont be there to even make a vote ! And yes, do think that most politicians start out with good intentions, but when they get to the corporate cesspool that is Washington DC, they find that to stay in power, they need to tow the donors class' line.

 

Regulations, price controls....you know that 80% of all regulations are written by industry lobbyists right ?

You cannot be serious ?

 

And I "long for the days" when we had a FREE MARKET ECONOMY, where everything was simply based on supply-and-demand!

So, in fairness, if demand for loans and credit is "zero", then, sure -- interest rates should also be zero. BUT, if demand for loans and credit is skyrocketing, then so should interest rates. This damned, rotten, conniving central bank, 'the Fed', has twisted all the laws governing a free market economy completely out of shape, into a THING that is now scarcely even recognizable. What the hell are we doing?!

The almighty-god stock market gets its 'poor, wittle panties in a twist', and here comes Uncle Fed, with billions upon billions more imaginary dollars -- 'hot off the press' -- and floods the world with them. They give all these corrupt, criminal over-leveraged corporations enormous amounts of money in highly insecure 'loans', at ZERO interest. Nobody can explain how this is fair or right because it damned sure is NOT....

."Why save money when we'll loan you all you want, at no interest, with no collateral...?!"

 

In Venezuela they recognize all you have said. Long live the Socialist republic of Venezuela
and all those nations not under the throes of Capitalism, corporatism and greed.
Which country do YOU think is doing the best job of serving mankind?

(ps home Big Pharma gets a move on with this Corona virus vaccination.)

 

Can't debate any of that, but another problem for those seeking to better their position is American consumerism. A fairly low wage job is actually enough to set you up if your smart and thrifty, but we live in a culture where even the poor have to have the newest phone, xbox, playstation, and giant televisions while they go to the theatre before they hit the bar. I'm not entirely sure higher income would even help the vast majority of them move from where they already are. I've been there myself and while I was fortunate to grow past it, many never do.