Socialism!!!

Walter

Walter

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Cliffy said:
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Absolute bullshit.
 
taxslave

taxslave

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MHz said:
. . . . .Or you use to live in Libya before 2011 and NATO's 4 year bombing campaign.
Socialism without sanctions.

Sanctions under capitalism.
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Canada could be much like that if it wasn't for the socialists that oppose us selling oil or even pumping enough for our own use.
 
taxslave

taxslave

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AnnaEmber said:
Are you sure that isn't all due to debt and it isn't just the appearance of people rolling in dough?
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Mine isn't . Don't have a million dollar house but the one I do have is paid for. At the present rate it won't be long until it is a million though.As is a second property and all our vehicles.
 
A

AnnaEmber

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taxslave said:
Mine isn't . Don't have a million dollar house but the one I do have is paid for. At the present rate it won't be long until it is a million though.As is a second property and all our vehicles.
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Yeah. Same. It's speculative at best; based upon what your neighbourhood is like. Synthetic worth.
Hubby says, "My home is worth a roof over my head and that is all. Other's put a monetary value on that, not me. To me it is priceless". And I agree.
 
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AnnaEmber

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taxslave said:
Not really. Borrowing to buy a home makes sense as opposed to renting. Borrowing to take a vacation is bad debt.
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Technically speaking, it is borrowing to invest is "good debt". It's why the USA "helped" other countries build infrastructures (so those countries could owe the US. And THAT creates power). It's all just synthetic and I am not sure the US knows that, but the Chinese know it and they are currently using it. Of course, if those other countries use the Trump method, they will stiff the creditors and decide they owe nothing to anyone. (It's why certain countries think Trump is a useful idiot. They can use him as a model to predict what is possible so they can plan for it).
 
taxslave

taxslave

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AnnaEmber said:
Technically speaking, it is borrowing to invest is "good debt". It's why the USA "helped" other countries build infrastructures (so those countries could owe the US. And THAT creates power). It's all just synthetic and I am not sure the US knows that, but the Chinese know it and they are currently using it. Of course, if those other countries use the Trump method, they will stiff the creditors and decide they owe nothing to anyone. (It's why certain countries think Trump is a useful idiot. They can use him as a model to predict what is possible so they can plan for it).
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Every time Greece does that the rest of the EU bails them out. Another valid reason for Briexit
 
pgs

pgs

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taxslave said:
Every time Greece does that the rest of the EU bails them out. Another valid reason for Briexit
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Yes that will probably be why the EU fails , common currency , but national debt is local .
 
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