American Econ.

~~coryallen2~~ · 05-12-2009, 07:36 AM

Okay so what are we going to do about this mess?

Econ fact. Following the Great Depression, the Federal Reserve inposed restrictions on the intrest rates that banks could pay depositors.

Is that enoughe? I think if we are going to get through this crisis that a united economy needs to be put in place. Like I think if there was a universal currency (everyone in the country uses the same money) that it would HELP cure the problem. Not make the problem better but make a step too. With all the money in the world at diffrent values, some worth more some worth less. I think if it was all worth the same that we would'nt have such a problem.

Help World Economy and health of our children.

Next thing we would have to do too help our economy. The USA needs to get all home and allied troops out of Iraq. Or if we can't do that we need to fight the war for what it was ment to be fought over. Terrorism. When did the war on terror end up the war of oil. The worlds oil is gettng all used up so everyone is fighting over it. If us people don't unite it could be the end of the world as we know it. Yeah, I know the world ending sounds a bit much but... Stop and think for like 10 seconds. War these days are alot more technological then they used to be. It's not "trench wars" anymore. I mean they have kids!!! Kids the age of 11. When I was 11 I was playing with toy soldiers. Not being a real soldier. Not to mention chemical weapons. Those really scare me.

Quick fact:
The Federal Reserve System is in charge of the monetary policy of the United States. This means that it seeks to influence the money supply to further the economic goals of the nation. In times of economic contractions (recessions), the Federal Reserve generally increases the money supply, while in economic expansions it generally decreases the money supply. It does this by buying or selling government securities. When the Fed buys government securities from banks and other institutions, it creates the money it needs to pay for it. This increases the money supply. When the Fed sells government securities, it gets money in return. The Fed then destroys the money out of circulation. This contracts the money supply.

How to help IN the U.S.

It's crazy how in the USA we are killing each other. It's like theres a bigger war on our soil. For those who don't really know what I am talkign about I will explain. In the USA there are many many gangs. The MOB which is of Italian decent, has made more money in 1 year than Bill Gates has made in his life time

. How did they get this money? Not through being totally legal. They get it through gas stations. Yes. Back in the 60's and 70's the whole gas buisness was ran by the mob. Alot of people did not know this. I did'nt even know it until yesterday when I was watching The History Channel. (Pretty nifty channel if I say so myself.) So what I'm trying to get at is. We need to get this gang activity in check. Or we need to get a MOBSTER in office. The mob can run a buisness and turn it in to billions of dollars. We need to get them down first then move on to the other gangs.

Problems with America.

We are spending $200,000+ to keep prisoners in prison. Alto of them are inthere for small crimes like drugs. I think an appropriate punishment for the crime of having,selling,using drugs should be a rehab stay and or communtiy service. They don't need to be in jail. We are just spending too much money on them.

But thats about all I have to say. What do you guys think?

Discuss.

The quick American fact is taken from my Econ test.

mr dave · 05-12-2009, 05:14 PM

Quote:

Originally Posted by coryallen2

Okay so what are we going to do about this mess?

stop competing with your neighbors.

stop spending frivolously.

take personal responsibility for your actions.

people are not in debt because of the economy. people are in debt because they overspent and refuse to own up to the fact that they chose to live larger lifestyle than their means provided for them.

Double X · 05-12-2009, 06:09 PM

Quote:

Originally Posted by coryallen2

Alot of people did not know this. I did'nt even know it until yesterday when I was watching The History Channel. (Pretty nifty channel if I say so myself.)

I have not researched anything about mobs controlling the gas industry (even if it sounds like bs), but please, as a history buff I urge please don't ever go to the history channel to develop an opinion. It is for the idiots that don't really research history and watch it leisurely for the 'cool' war stories.

SATCHMO · 05-12-2009, 06:12 PM

The last president who tried to eradicate the federal reserve got shot in the head, so......

IamAlejo · 05-13-2009, 01:18 AM

concerns/opinions. And econ test? I'm assuming in college or what? By your post it doesn't really seem as if you have much of a grasp on the current economy or economics in general [not meant to be offensive though it might sound that way and sorry if it is, obviously econ principles classes are more ideal based than application].

1. An international currency system would absolutely crash the American economy. A lot of the economic ability in our country is created by the Fed. Reserves ability to fluctuate the amount of currency in circulation as you mentioned. Universalize currencies and the Reserve wouldn't have the ability to print out more money into circulation and control the amount of cash available to the general public. This would effect everything from interest rates to rates of return. Though fluctuating the amount of money out can obviously be a hindrance if the economy isn't carefully watched, it's needed. That is not near the reason we are in this mess. Risky investments by banks and complete lac of oversight by the government for many years including both Clinton and Bush administrations. Even now with bailouts [which are a necessary evil] we are showing that we are incapable of letting these massive institutions fail and are giving out the signal that these investments are acceptable.

2. You state the expenses for having someone in jail and say we should put them in rehab? Rehab costs money, too. And you don't get sent to jail for getting caught with weed on you just once, they are either habitual offenders or have a massive amount of narcotics on you.

~~coryallen2~~ · 05-13-2009, 07:20 AM

Quote:

Originally Posted by IamAlejo

concerns/opinions. And econ test? I'm assuming in college or what? By your post it doesn't really seem as if you have much of a grasp on the current economy or economics in general [not meant to be offensive though it might sound that way and sorry if it is, obviously econ principles classes are more ideal based than application].

1. An international currency system would absolutely crash the American economy. A lot of the economic ability in our country is created by the Fed. Reserves ability to fluctuate the amount of currency in circulation as you mentioned. Universalize currencies and the Reserve wouldn't have the ability to print out more money into circulation and control the amount of cash available to the general public. This would effect everything from interest rates to rates of return. Though fluctuating the amount of money out can obviously be a hindrance if the economy isn't carefully watched, it's needed. That is not near the reason we are in this mess. Risky investments by banks and complete lac of oversight by the government for many years including both Clinton and Bush administrations. Even now with bailouts [which are a necessary evil] we are showing that we are incapable of letting these massive institutions fail and are giving out the signal that these investments are acceptable.

2. You state the expenses for having someone in jail and say we should put them in rehab? Rehab costs money, too. And you don't get sent to jail for getting caught with weed on you just once, they are either habitual offenders or have a massive amount of narcotics on you.

This is very very true. I totally have a new out look on universal currency because you explained it really well to me. Thank you. The second part though I think you don't understand what i'm saying. I don't think that if you have a "little" charge of narcotics that you should be put in jail. I think that all drugs should have the same penalty. (the drugs not amounts.) I'm not saying if you were caught with 500 kilos of coke that you dont need to be in jail. I was gettign at if you had just usage charges or little trafficing charges that you need to be rehabilitated.

~~coryallen2~~ · 05-13-2009, 07:20 AM

Quote:

Originally Posted by mr dave

stop competing with your neighbors.

stop spending frivolously.

take personal responsibility for your actions.

people are not in debt because of the economy. people are in debt because they overspent and refuse to own up to the fact that they chose to live larger lifestyle than their means provided for them.

This is true in part. Most of the debt is from the war in Iraq.

~~coryallen2~~ · 05-13-2009, 07:21 AM

Quote:

Originally Posted by Double X

I have not researched anything about mobs controlling the gas industry (even if it sounds like bs), but please, as a history buff I urge please don't ever go to the history channel to develop an opinion. It is for the idiots that don't really research history and watch it leisurely for the 'cool' war stories.

It was a show about the MOB. And they were interviewing past mobsters and a mobster said they could do that.

Double X · 05-13-2009, 07:33 AM

The History Channel also airs so much Armageddon/Aliens/Monsters/Conspiracies. I mean hell, they have lumberjacks on there as a regular show. Such shit...

Watch UKTV for some real history, I think it is supported by the BBC.

~~coryallen2~~ · 05-13-2009, 07:47 AM

Hold on. I'll do some research real quick to see if I can find this article for you. But yeah I agree The History channel is a little "Weird."

05-12-2009, 07:36 AM	#1 (permalink)
~~coryallen2~~ Account Disabled Join Date: Feb 2009 Location: lorain,ohio Posts: 909	American Econ. Okay so what are we going to do about this mess? Econ fact. Following the Great Depression, the Federal Reserve inposed restrictions on the intrest rates that banks could pay depositors. Is that enoughe? I think if we are going to get through this crisis that a united economy needs to be put in place. Like I think if there was a universal currency (everyone in the country uses the same money) that it would HELP cure the problem. Not make the problem better but make a step too. With all the money in the world at diffrent values, some worth more some worth less. I think if it was all worth the same that we would'nt have such a problem. Help World Economy and health of our children. Next thing we would have to do too help our economy. The USA needs to get all home and allied troops out of Iraq. Or if we can't do that we need to fight the war for what it was ment to be fought over. Terrorism. When did the war on terror end up the war of oil. The worlds oil is gettng all used up so everyone is fighting over it. If us people don't unite it could be the end of the world as we know it. Yeah, I know the world ending sounds a bit much but... Stop and think for like 10 seconds. War these days are alot more technological then they used to be. It's not "trench wars" anymore. I mean they have kids!!! Kids the age of 11. When I was 11 I was playing with toy soldiers. Not being a real soldier. Not to mention chemical weapons. Those really scare me. Quick fact: The Federal Reserve System is in charge of the monetary policy of the United States. This means that it seeks to influence the money supply to further the economic goals of the nation. In times of economic contractions (recessions), the Federal Reserve generally increases the money supply, while in economic expansions it generally decreases the money supply. It does this by buying or selling government securities. When the Fed buys government securities from banks and other institutions, it creates the money it needs to pay for it. This increases the money supply. When the Fed sells government securities, it gets money in return. The Fed then destroys the money out of circulation. This contracts the money supply. How to help IN the U.S. It's crazy how in the USA we are killing each other. It's like theres a bigger war on our soil. For those who don't really know what I am talkign about I will explain. In the USA there are many many gangs. The MOB which is of Italian decent, has made more money in 1 year than Bill Gates has made in his life time. How did they get this money? Not through being totally legal. They get it through gas stations. Yes. Back in the 60's and 70's the whole gas buisness was ran by the mob. Alot of people did not know this. I did'nt even know it until yesterday when I was watching The History Channel. (Pretty nifty channel if I say so myself.) So what I'm trying to get at is. We need to get this gang activity in check. Or we need to get a MOBSTER in office. The mob can run a buisness and turn it in to billions of dollars. We need to get them down first then move on to the other gangs. Problems with America. We are spending $200,000+ to keep prisoners in prison. Alto of them are inthere for small crimes like drugs. I think an appropriate punishment for the crime of having,selling,using drugs should be a rehab stay and or communtiy service. They don't need to be in jail. We are just spending too much money on them. But thats about all I have to say. What do you guys think? Discuss. The quick American fact is taken from my Econ test. Last edited by coryallen2; 05-12-2009 at 07:42 AM.

05-13-2009, 01:18 AM	#5 (permalink)
IamAlejo Muck Fusic Join Date: Dec 2003 Location: Virginia Beach Posts: 1,575	concerns/opinions. And econ test? I'm assuming in college or what? By your post it doesn't really seem as if you have much of a grasp on the current economy or economics in general [not meant to be offensive though it might sound that way and sorry if it is, obviously econ principles classes are more ideal based than application]. 1. An international currency system would absolutely crash the American economy. A lot of the economic ability in our country is created by the Fed. Reserves ability to fluctuate the amount of currency in circulation as you mentioned. Universalize currencies and the Reserve wouldn't have the ability to print out more money into circulation and control the amount of cash available to the general public. This would effect everything from interest rates to rates of return. Though fluctuating the amount of money out can obviously be a hindrance if the economy isn't carefully watched, it's needed. That is not near the reason we are in this mess. Risky investments by banks and complete lac of oversight by the government for many years including both Clinton and Bush administrations. Even now with bailouts [which are a necessary evil] we are showing that we are incapable of letting these massive institutions fail and are giving out the signal that these investments are acceptable. 2. You state the expenses for having someone in jail and say we should put them in rehab? Rehab costs money, too. And you don't get sent to jail for getting caught with weed on you just once, they are either habitual offenders or have a massive amount of narcotics on you. __________________ a man, a plan, a canal, panama Last edited by IamAlejo; 05-13-2009 at 01:25 AM.

05-12-2009, 06:12 PM	#4 (permalink)
SATCHMO Al Dente Join Date: Mar 2005 Location: Texas Posts: 4,708	The last president who tried to eradicate the federal reserve got shot in the head, so......

05-13-2009, 07:33 AM	#9 (permalink)
Double X sleepe Join Date: Jun 2008 Location: boston Posts: 1,140	The History Channel also airs so much Armageddon/Aliens/Monsters/Conspiracies. I mean hell, they have lumberjacks on there as a regular show. Such shit... Watch UKTV for some real history, I think it is supported by the BBC.

05-13-2009, 07:47 AM	#10 (permalink)
~~coryallen2~~ Account Disabled Join Date: Feb 2009 Location: lorain,ohio Posts: 909	Hold on. I'll do some research real quick to see if I can find this article for you. But yeah I agree The History channel is a little "Weird."