It's May 21, 2024, 07:35:58 AM
The link doesn't take me to a specific video.
There's some questions I've always had about economics and nobody has been able to give me a sufficient answer on them. I'll post them here.1. Everyone always makes the a billionaire is wasting money on a billion dollar house when he could be feeding the poor. My question is.. Is the money really WASTED? Because doesn't that money go to the biulders of the home, the decorators, the people that gather the wood for the home, etc., etc., etc... and then those people go out and spend that money on other things, and on and on, the money keeps getting filtered back into the economy and other people's pockets and maybe someone that would have been poor and without a job instead has a job pouring concrete for the home?
2. My other question is, why do black people talk about going to college as the solution for all their problems. Because, hypothetically, from an economic standpoint, just because everyone goes to colege doesn't mean they'll have jobs for all those people right?
3. Even if every person in the country was motivated and wanted a job, a capatalist economy can not provide a job for every person, correct?^^^ Anybody want to try and answer those questions for me.
1. Everyone always makes the a billionaire is wasting money on a billion dollar house when he could be feeding the poor. My question is.. Is the money really WASTED? Because doesn't that money go to the biulders of the home, the decorators, the people that gather the wood for the home, etc., etc., etc... and then those people go out and spend that money on other things, and on and on, the money keeps getting filtered back into the economy and other people's pockets and maybe someone that would have been poor and without a job instead has a job pouring concrete for the home?
3. Even if every person in the country was motivated and wanted a job, a capatalist economy can not provide a job for every person, correct?
3. Even if every person in the country was motivated and wanted a job, a capatalist economy can not provide a job for every person, correct?Correct.
Quote from: Ted Is Unofficially Voting for Ron Paul 2008! on June 12, 2007, 12:00:27 AM3. Even if every person in the country was motivated and wanted a job, a capatalist economy can not provide a job for every person, correct?Correct.i disagree, if every person is willing and able to work, they could. here in australia the government provides work for those on welfare who are able to work, but cannot find it.
Everybody in this forum needs to watch this and understand it. If you have to watch certain parts 10x, it's worth it. My title might sound like a bunch of bullshit that you either A)Couldn't care less about, or B)Couldn't begin to understand, so why try?I'm telling you guys that this vid is excellent at breaking everything down in a very simplistic manner. Gain some knowledge.
Quote from: Jrome Is Officially Voting for Ron Paul 2008! on June 10, 2007, 10:24:21 PM Everybody in this forum needs to watch this and understand it. If you have to watch certain parts 10x, it's worth it. My title might sound like a bunch of bullshit that you either A)Couldn't care less about, or B)Couldn't begin to understand, so why try?I'm telling you guys that this vid is excellent at breaking everything down in a very simplistic manner. Gain some knowledge.Thanks for the video. I've watched about 95% of it now. I tried to play it while I was doing other things, but I had to keep rewinding because you really can't miss any of it. It's very important information.This also kind of brings up an interesting idea in my mind. They mentioned that this type of money out of debt creation system really took off in the late 1600's. Well guess what, the 1600's really marks the changing of the gaurd, where Islamic lead civilizations like the Ottoman Empire or the Mughal Empire started to go into decline, and the Western nations such as Britian really started to take off. The Ottoman Empire went into debt, the gold and silver trade increased wealth in Britian (through it's American colonies) and so on and so forth.But here's one other thing I noticed not mentioned in the video. For some reason, when I read the history of the 1600's up.. it seems like Britian was somehow able to engage in endless war and there was always enough money for all of their war endeavors.So, Jrome, since you watched the video... don't you think it's possible that Britian was able to engage in perpetual war and just keep creating all the money it needed for it's war efforts?