Is a Consumption Economy a False Economy?

Re: Is a Consumption Economy a False Economy?

PostBy: JB Sparks On: Sun Feb 08, 2009 5:27 pm

jeromemsn wrote:I'm just lost and confused and bluting out my thoughts, trying to understand the events that have happend and continue to happen is just blowing my mind, and I'm honest about it.


jeromemsn, don't feel like the lone ranger, you have lots of company.
JB Sparks
 
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Re: Is a Consumption Economy a False Economy?

PostBy: bear creek burnout On: Sun Feb 08, 2009 6:40 pm

First of all....the very title of this thread assumes you can have an "economy" without consumption....without the law that governs...supply & demand. secondly....If you want to bring the Good Book into the discussion I suggest you study Austrian Economics first explained by St Thomas Aquinas in the 1400s. Over 500 years ago economists were debating the laws that govern money and how it affects and is affected by consumption.....supply & demand.
It's very basic....very easy...
http://www.hulu.com/watch/1389/saturday
This link is broken, either the page no longer exists or there is some other issue like a typo.
... -buy-stuff ....seriously....click on this link for the best explaination.
Put the credit cards away and live within your means....consume only what you can pay for. I for one, don't want to bail out thousands or millions of people who bought more house than they could afford....put all the furnishings on credit cards @ 18%.....and then blame someone else when the bubble burst. Hello??
:blowup:
bear creek burnout
 
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Re: Is a Consumption Economy a False Economy?

PostBy: Duengeon master On: Sun Feb 08, 2009 9:16 pm

We as a nation did the same thing 80 years ago during the great depression that we are doing today. Today is like Feb. 1933 when Roosevelt took office. This nation was in a very large RECESSION not depression. During the 1920's Americans discovered credit. Before then, when someone purchased something, they SAVED their money until they could afford it. then with easy credit, people could buy a new car or house on credit. It created a large bubble. In Oct. 1929 the bubble burst. Roosevelt thought that the way out was to spend our way out. He created the T.V.A. and the W.P.A. In order to pay for these things Roosevelt took the U.S. off the gold standard and turned on the printing press.(Back then a loaf of bread was .05 and a one ounce gold coin could buy you a tailor made suit. Today the same suit costs about an ounce of gold. If you use paper money that suit costs about 900.00) These types of programmes only Caused the recession to turn into a depression. The difference between 80 years ago and today is that EVERYTHING was made in the U.S.A. Today nothing is made here. It wasn't until AFTER world war II and VICTORY that the depression ended. The only reason is because Europe and Asia were totally destroyed. They needed American steel and everything else to rebuild Europe as there industry was destroyed. We had the manufacturing power to supply everybody with what they needed. unfortunately we are in the same boat as in 1930, but the difference is that everything is made in China and we have nowhere to go. today Obama is trying to do what Roosevelt did 80 years ago, but this time we have no more bullets in our gun.
Duengeon master
 
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