What is Digg?25 Comments
- rpi22, on 04/12/2008, -1/+9Well, you can still buy crap food on McDonald's dollar menu, so Ronald McEconomics says, "The dollar is strong!"
- yootubefan, on 04/12/2008, -0/+8Is there still meat in the hamburgers these days? I have not eaten at McDonald's since I saw supersize me or almost any fast food joint for that matter. That cured me of that bad habit. I do know the size of the pattys for many places has gone down considerably. Maybe the best way to tell is the price of the Quarter Pounder. You cant fudge the weight of that one. It is supposed to be a quarter pound of beef. I wonder how much that has gone up in price over the years.
- AvangionQ, on 04/12/2008, -2/+9Looking at the freefalling U.S. dollar, I can see no alternative to abolishing the Federal Reserve Bank and putting an end to inflation -- so that no more new money is printed, that Congress will be forced to create a balanced budget, the Dollar will stabilize worldwide and our economy will go through a manageable recession before bouncing back ... however, if we allow the Federal Reserve Bank to keep printing new money and running this as business as usual, our fiat dollar (legal tender instead of a gold standard) to continue being devalued through inflation, and this will result in the breaking of our economy followed by a revolution, as has been the case with all previous governments throughout history which have used a fiat dollar ...
- yootubefan, on 04/12/2008, -2/+8So let me pose these questions:
Who caused the problems in the first place with the lending institutions?
What if we are already headed towards a recession or even a depression regardless?
Why do the rich get bailed out while the stockholders get wiped out?
Since the federal reserve has total control over the issuing of the U.S. currency the blame has to fall on them for what is happening with the dollar. - Dunciad, on 04/12/2008, -1/+7what a sad state we're in. saaaaaddd. very sad.
- CSHYDRASHOK, on 04/12/2008, -0/+4I found a silver quarter in my pocket a while back and its awesome that its worth a gallon of gas. What this guy needs to show is how much minimum wage is worth today in comparison to 10 years ago. So what if i can still buy a $1 burger at McDonald's. Does anyone think that it has real beef in it? When i was a kid you could buy a full sized whopper At burger king for 99 cents. Its now double that. At my first job in 2003 i made $8.50 an hour and had a car that got better than 30mpg. I could afford to drive all day long. Now i ride a motorcycle that gets 40-50mpg. And I cant ride it like i drove my car just a few years ago. In my opinion the dollar has lost 50% of its value in the last 6 years.
- Zakul, on 04/13/2008, -0/+3For the first time ever, us Australians are rich when we go to America!
- rpi22, on 04/12/2008, -0/+3yea, i was being facetious
- yootubefan, on 04/12/2008, -1/+3I think it is you that is wrong. I do not know how much more simple I can make it.
These are the facts:
The dollar value is falling
The war is costing this country a ton of money
None of the candidates are talking about getting us out of the war, hence the dollar will continue to fall.
The sub prime mortgage debacle will continue to cause people to lose their homes and the banks to lose money
The lack of people able to refinance their home will cause a huge loss in new money being spent
The price of gold is rising due to the fact that everyone knows the value of the dollar has fallen.
If you watched anything besides the nightly news you may be able to understand what is happening.
Did you even see this clip of how they refuse to talk about the dollar value recently
http://www.youtube.com/watch?v=_MugHx9wEao
I guess it doesn't really matter if you did. If you did, you would just make an excuse to justify this type of dodging of important questions.
Some people will never get it - rmtatum, on 04/12/2008, -5/+7I disagree with the video author. A little inflation is not good nor necessary to improve the economy. Inflation, by definition, is an increase in the supply of money. Inflation is theft!
- yootubefan, on 04/12/2008, -2/+4I would prefer no inflation, but there are some cases that can be made for very a very small amount or controlled inflation to allow for some growth.
- yootubefan, on 04/12/2008, -0/+1me too. I know you get it.
- brad3378, on 08/30/2008, -0/+1In depends on your perspective.
If you're a saver, we can both agree that inflation is your enemy.
If you can't control your own spending habits, then an even distribution of inflation in prices & income may be in your favor.
My main criticism of federal reserve caused inflation is that everything we do is affected by a membership of just 12 banks. How would you like it if you retired with a nice nest-egg and have its value plundered away by a small group of people 2000 miles away? - yootubefan, on 04/12/2008, -1/+2Thanks for the input. while I understand what you are saying. The main issue is that we are headed down a very dangerous path anyway. Sure people can make a very clear case to not do anything drastic with the fed. My issue is that sometimes you may have to take a step backwards to take 10 steps forward. I have a very strong feeling that we are headed for a major recession and even depression as it is. Sometimes you just have to bite the bullet and face the music. Sure it would suck to have to face a recession, but I think it is just a matter of when not if. As a country and as a people america has lived well beyond their means for decades now and I think most people will find it ineveitable that between the constant wars and conflicts along with situations like the sub prime debacle that you may not be able to stop it from happening, only prolong it. The main problem I think is that if it is something that can not be avoided and is going to happen eventually, lets get it over with because it may be only worse if we wait to do it in the future.
- CSHYDRASHOK, on 04/13/2008, -0/+1I do. Not like it will help at the speeds i go though.
- counterstriker, on 04/13/2008, -0/+1Economics 101:
debt taken in by every individual consumer as well as the local and federal government causes the value of the dollar to drop, this is called inflation. Look it up. Oh, did I mention that the EU just passed the USA in annual GDP also known as economic production? I wonder why..... - alittleroy101, on 04/13/2008, -1/+2"None of the candidates are talking about getting us out of the war."
Really? - jeremiahpance, on 05/10/2008, -0/+0Now that we're scared, what can we do about it?
- 4ever19, on 05/06/2008, -0/+0Everyone! Go to Google Video and watch "The Money Masters". You will see that YTF has hit the nail on the head and everyone will get a very severe and sincere history lesson. That's the problem - nobody knows there history, so how can they see where we are going in the future, even if it is the very near future. We are about to see some of the biggest changes in history and it does not look good to me.
So watch "The Money Masters" Part 1 & 2. Then we can get a serious and informed discussion going. Probably fear will paralyze at least half the Diggers here. No doubt there will be some who choose DENIAL as the best coarse of action. Just deer in the headlights. I look forward to a third chapter.
Americans may finally win The War for Independence and hopefully re-instate The Constitution and ultimately become what we thought it would be - The greatest Nation on earth. Not The Empire. - ndesantis, on 04/12/2008, -1/+1bummer, well, too bad theres nothing we can do but sit and watch
- jim3008, on 04/12/2008, -2/+1let me try to throw in my 2 cents and see if any make sense to you, with all do respect, i love you as a movie critic and i'm a subscriber from the start, but these videos just grind my gears,
1. the lending institutions and the people who are stupid enough to borrow those loans to buy houses, so i don't pity any of those fools
2. by my definition we are in recession, probably will be fixed in 3-5yrs, but if the Fed stop printing money or bailing out the financial industry, we will likely to fall into a long recession (like the Japanese ~10yrs in the 90s) or a depression, i know printing $ will increase inflation (a lot), but whould you rather the country suffer a ~10yr 10-15% unemployed or a 25%+ unemployed like the 30s? i'll be graduating next yr, i'll prefer buying less stuff to buying no stuff any day
3. um, wouldn't the rich be the major stockholders? okay, lets say, Bush bump his head and becomes another person, he forced the congress to abandon the Fed tomorrow, so no more $ printing and bailing rich folks, while the crowd cheers, what will happen in the first week? well, food and oil price would not drop, (if you take a look at canada, europe, china where their currency is still kind-of strong, they still suffer high inflation) and stock markets will face massive falls, hence effecting people's retirement funds 401k and IRA, and more layoffs
but why? well, no more cheap "bailout" package for those rich, they'll pullout their stock funds and invest in something else for better returns, and they'll layoff folks so they could keep up with their 1 new ferrari per month living style
here i pose 1 question to you, why should oil stayed at $40 or $80 or any magic #?
if there's less and less of something, shouldn't it be more expensive? and you do know US has reach peak oil in the 70s, and our allies has reach peak oil around 00s, right?
http://www.youtube.com/watch?v=_MugHx9wEao
ps. i know it's a bit choppy but i got a 10 page essay due Monday - SaulBey, on 04/12/2008, -2/+1wear a helmet when you ride your motorcycle. i am concerned.
- nikola420, on 04/13/2008, -1/+0Thanks for making something complex make sense to me, Mr. Black.
- jim3008, on 04/12/2008, -5/+4seriously, do you actually know what will happen if the Fed stop printing money or bailing out the financial industry? US will definitively fall into a long recession and possibility a depression
- jim3008, on 04/12/2008, -7/+2this guy is so wrong on so many issues, it makes my head hurts, seriously, didn't he read any of the comments on his last digg entry
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