Capitalism will save this world

[Hoid]

OPEC+ agrees to 10% production cut.

Brief rally followed by "m'eh"

Do I hear 20%?

 

[Walter]

Still holes in it that allow certain sects not having to pay into it, that would make it fair

The only fair tax is a consumption tax.

 

[petros]

There are no fair taxes.

 

[Walter]

There are no fair taxes.

Consumption tax is fair. You pay tax only on what you buy or use.

 

[captain morgan]

What is Socialist about selling bonds to US banks? Socialists would sell the bonds to CDN people first, CDN banks second and then foreign markets. Morneau ran straight to the booming US for money. Trump money.

We'll see how it fleshes out.


The USD is, in my eye, overvalued... Crappy that Morneau borrowed when the USD is high, BUT if the greenback falls, he'll be paying back the debt in cheaper money

 

[Cliffy]

Coronavirus didn't bring the economy down — 40 years of greed and corporate malfeasance did

More: https://www.businessinsider.com/pit...not-hurting-economy-corporate-greed-is-2020-4

 

[captain morgan]

So, the socialist and communist countries will be free from any negatives from coronavirus?


Gotcha

 

[pgs]

We'll see how it fleshes out.


The USD is, in my eye, overvalued... Crappy that Morneau borrowed when the USD is high, BUT if the greenback falls, he'll be paying back the debt in cheaper money

What countries currency can stand up to the dollar at the present time ? Germany maybe but they are held back by the E.U. Britain has value but cannot compete with America , which leaves China and India both potentially rich countries but have a long way to go . I wouldn’t bet against the greenback on the short term .

 

[Twin_Moose]

OPEC+ agrees to 10% production cut.
Brief rally followed by "m'eh"
Do I hear 20%?

Canada already has 17% production cut in place. Real production cut world wide is expected to be 20 Billion barrels/day in the first few months.

 

[captain morgan]

What countries currency can stand up to the dollar at the present time ? Germany maybe but they are held back by the E.U. Britain has value but cannot compete with America , which leaves China and India both potentially rich countries but have a long way to go . I wouldn’t bet against the greenback on the short term .

Agree in the short term, but the USD is a house of cards since Obama engaged his program of Quantitative Easing... it wouldn't take much for the stability of that currency to be crashed

 

[petros]

We'll see how it fleshes out.
The USD is, in my eye, overvalued... Crappy that Morneau borrowed when the USD is high, BUT if the greenback falls, he'll be paying back the debt in cheaper money

At least he didnt go running to Shanghai.

 

[Avro52]

here's another way that capitalism is saving us all.
in American about half of the people get their healthcare through their work.
so once they lose their jobs they lose their healthcare.
then they have to go through something like an Obamacare exchange and buy new insurance from the same company for more money.
that is capitalism at work.

Sad truth is some people are finding the prices in the exchanges to high likely from the gutting the Trump admin has done.

I thought he was going to fix healthcare during infrastructure week while building a 2500 mile wall that Mexico was paying for in conjunction with eliminating the debt.

Oh well.

 

[petros]

in American about half of the people get their healthcare through their work.
so once they lose their jobs they lose their healthcare...

Just like here. Weird huh?

 

[Cliffy]

 

[pgs]

Yes Cliffy we all know there is only so much to go around . Simpleton .

 

[Walter]

Prog shit.

 

[Walter]

Capitalism will make more chairs.

 

[pgs]

Capitalism will make more chairs.

Many more chairs . Enough for everyone and more to sell elsewhere . Simpletons can not understand such concepts .

 

[taxslave]

Capitalism will make more chairs.

Socialism will hord them in government warehouses so there will never be enough to go around.

 

[petros]

Proletariat trying to get a seat in the politburo.