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Getbig Main Boards => Gossip & Opinions => Topic started by: muscleman-2017 on August 11, 2017, 02:25:54 AM

Title: Increase consumer spending to get good economy - mainstream political theory
Post by: muscleman-2017 on August 11, 2017, 02:25:54 AM
hahahahha

lies for the sheeple

(http://onemileatatime.boardingarea.com/wp-content/uploads/2016/04/Credit-Cards.jpg)


Title: Re: Increase consumer spending to get good economy - mainstream political theory
Post by: calfzilla on August 11, 2017, 03:19:08 AM
On a macro level then yes it's true that spending is great for the economy. But on an individual level, hell no! Save your money and invest!
Title: Re: Increase consumer spending to get good economy - mainstream political theory
Post by: Thin Lizzy on August 11, 2017, 05:26:17 AM
Capital theory is a little too complex for a get big post but planning the economy towards consumer spending will come at the expense of long-term investment and projects. There really is no free lunch.
Title: Re: Increase consumer spending to get good economy - mainstream political theory
Post by: Irongrip400 on August 11, 2017, 07:05:47 AM
hahahahha

lies for the sheeple

(http://onemileatatime.boardingarea.com/wp-content/uploads/2016/04/Credit-Cards.jpg)




Why the need for an Amex gold and platinum? That's unnecessary annual fees right there. ???
Title: Re: Increase consumer spending to get good economy - mainstream political theory
Post by: SF1900 on August 11, 2017, 07:08:14 AM
Why the need for an Amex gold and platinum? That's unnecessary annual fees right there. ???

Perhaps it's just about status???  ??? ??? ???
Title: Re: Increase consumer spending to get good economy - mainstream political theory
Post by: Mr Anabolic on August 11, 2017, 07:16:15 AM
Consumer spending - lol  

The real unemployment rate in the US is over 20%.

70% of Americans don't have $1000 saved.

The Federal reserve and IRS have been robbing people since 1913.

Why would anyone keep cash in a bank?... absolutely no incentive to do this.  The current interest rates are so low it doesn't even keep up with inflation rate... plus there are taxes you have to pay on the accrued interest.
Title: Re: Increase consumer spending to get good economy - mainstream political theory
Post by: Parker on August 11, 2017, 07:43:21 AM
Why the need for an Amex gold and platinum? That's unnecessary annual fees right there. ???
6 different Amex cards, yet no Black Card? This person is a pauper, a pretender.
Title: Re: Increase consumer spending to get good economy - mainstream political theory
Post by: Tennisballz on August 11, 2017, 08:32:44 AM
Consumer spending - lol  

The real unemployment rate in the US is over 20%.

70% of Americans don't have $1000 saved.

The Federal reserve and IRS have been robbing people since 1913.

Why would anyone keep cash in a bank?... absolutely no incentive to do this.  The current interest rates are so low it doesn't even keep up with inflation rate... plus there are taxes you have to pay on the accrued interest.
I agree its not smart to keep any sizeable amount of money in a bank. 
Title: Re: Increase consumer spending to get good economy - mainstream political theory
Post by: Irongrip400 on August 11, 2017, 10:41:03 AM
Perhaps it's just about status???  ??? ??? ???

Platinum has better benefits than the gold, or any of the other Amex cards he/she has. Even for the Starwood card, all one would need to do is shift points to their account. Very redundant.

6 different Amex cards, yet no Black Card? This person is a pauper, a pretender.

Truth!
Title: Re: Increase consumer spending to get good economy - mainstream political theory
Post by: funk51 on August 11, 2017, 10:49:43 AM
 :'( :'( :'( :'(
Title: Re: Increase consumer spending to get good economy - mainstream political theory
Post by: funk51 on August 11, 2017, 10:51:52 AM
 ;D ;D ;D ;D and now in 2017 we are so lucky to have this version.
Title: Re: Increase consumer spending to get good economy - mainstream political theory
Post by: Thin Lizzy on August 11, 2017, 10:55:18 AM
;D ;D ;D ;D and now in 2017 we are so lucky to have this version.

Yeah, let's hear about Bernie Sanders' economic theory.

Free college!

Are the Professors going to work for free? How about the administrative staff? The maintenance staff?


Here's how your system is working out in Venezuela:



https://www.theguardian.com/world/2017/aug/05/here-there-is-a-chance-venezuela-crisis-triggers-exodus-to-colombia

From the moment it opens at 8am each day, the Símon Bolívar bridge between Venezuela and Colombia heaves with people.

Up to 25,000 Venezuelans come to the sweltering border town of Cúcuta each day – many of them lugging empty suitcases to buy basic foodstuffs such as rice, flour and pasta that they cannot find back home.



Title: Re: Increase consumer spending to get good economy - mainstream political theory
Post by: MONSTER_TRICEPS on August 11, 2017, 11:28:34 AM
Unlimited economic growth is only possible when resources are limitless.

Time will come soon where economic growth like we have seen is no longer possible.
Title: Re: Increase consumer spending to get good economy - mainstream political theory
Post by: Mr Anabolic on August 11, 2017, 11:35:17 AM
Yeah, let's hear about Bernie Sanders' economic theory.

Free college!

Are the Professors going to work for free? How about the administrative staff? The maintenance staff?

Here's how your system is working out in Venezuela:

https://www.theguardian.com/world/2017/aug/05/here-there-is-a-chance-venezuela-crisis-triggers-exodus-to-colombia

From the moment it opens at 8am each day, the Símon Bolívar bridge between Venezuela and Colombia heaves with people.

Up to 25,000 Venezuelans come to the sweltering border town of Cúcuta each day – many of them lugging empty suitcases to buy basic foodstuffs such as rice, flour and pasta that they cannot find back home.

The US isn't much better and one day that stuff will be happening here.  The current economic, financial and social entitlement systems are not sustainable.  A total collapse is inevitable... It will make 1929 look like a joke.
Title: Re: Increase consumer spending to get good economy - mainstream political theory
Post by: Griffith on August 11, 2017, 12:00:39 PM
Decrease taxes everywhere, get rid of 'transfer duty tax', 'capital gain tax', 'inheritance tax', 'interest rate tax' and other government excuses to steal money from people who have worked for what they have.
Title: Re: Increase consumer spending to get good economy - mainstream political theory
Post by: Matt on August 11, 2017, 12:25:29 PM
"Trickle Down Economics" isn't an actual economics theory, just a buzzword leftists use to denounce rightists or mainstream economics.  ::)

Show me one economics textbook that has the term "Trickle Down Economics" in it.  You can't, because there isn't one.

Consumer spending doesn't create a good economy - it is the *sign* of a good economy.  There's a difference.

As for Bernie Sanders' "free everything"  ::) - as was said above, how did that work in Venezuela?  And when you consider that Venezuela is sitting on the largest oil reserves on the planet, that is really an impressive achievement in failure - even for leftists.
Title: Re: Increase consumer spending to get good economy - mainstream political theory
Post by: Thin Lizzy on August 11, 2017, 12:33:09 PM
The US isn't much better and one day that stuff will be happening here.  The current economic, financial and social entitlement systems are not sustainable.  A total collapse is inevitable... It will make 1929 look like a joke.

Couldn't agree more about the social programs which will eventually have to be wound down, but to say we're not much better off than Venezuela is a little much. There, you have people eating the zoo animals for food. Here, you have 21-year-old "Quantasia" tipping the scales at 300lbs.

Title: Re: Increase consumer spending to get good economy - mainstream political theory
Post by: SF1900 on August 11, 2017, 12:40:57 PM
Why can't the worlds richest people come together to cure the economy:

Bill Gates
Vince Goodrum
Warren Buffet
Mark Zuckerberg
Title: Re: Increase consumer spending to get good economy - mainstream political theory
Post by: sync pulse on August 11, 2017, 11:39:12 PM
.
Title: Re: Increase consumer spending to get good economy - mainstream political theory
Post by: Griffith on August 12, 2017, 12:26:29 AM
Yeah, let's hear about Bernie Sanders' economic theory.

Free college!

Are the Professors going to work for free? How about the administrative staff? The maintenance staff?


Here's how your system is working out in Venezuela:



https://www.theguardian.com/world/2017/aug/05/here-there-is-a-chance-venezuela-crisis-triggers-exodus-to-colombia

From the moment it opens at 8am each day, the Símon Bolívar bridge between Venezuela and Colombia heaves with people.

Up to 25,000 Venezuelans come to the sweltering border town of Cúcuta each day – many of them lugging empty suitcases to buy basic foodstuffs such as rice, flour and pasta that they cannot find back home.





Socialism and Communism is a disease and their supporters and 'cadres' parasites and leaches sucking off the productive aspects of society and damaging the national economy, reducing freedom and incentive to develop or earn more because of punishing taxes.
Title: Re: Increase consumer spending to get good economy - mainstream political theory
Post by: MORTALCOIL on August 12, 2017, 02:47:28 AM
Unlimited economic growth is only possible when resources are limitless.

Time will come soon where economic growth like we have seen is no longer possible.

This. Every system finally enters its entropy stage.
Title: Re: Increase consumer spending to get good economy - mainstream political theory
Post by: MORTALCOIL on August 12, 2017, 02:51:14 AM
On a macro level then yes it's true that spending is great for the economy. But on an individual level, hell no! Save your money and invest!

Saving your money and investing doesn't really fit together. Unless you just use your savings to leverage debts.
There's no point just investing your cash. There's no return on investment that makes it worth it. With the actually interest rates, it would be foolish not to borrow other people's money.
Title: Re: Increase consumer spending to get good economy - mainstream political theory
Post by: Ropo on August 12, 2017, 04:47:08 AM
hahahahha

lies for the sheeple

(http://onemileatatime.boardingarea.com/wp-content/uploads/2016/04/Credit-Cards.jpg)



It may seem like it, if you are complete moron. But there is a large bunch of economist who has win the Nobel prize of economy, who think it is a good idea. Who we should listen: Anonymous well known moron from the internet, or these nobelist?  ;D

Title: Re: Increase consumer spending to get good economy - mainstream political theory
Post by: Mr Anabolic on August 12, 2017, 05:39:58 AM
Why can't the worlds richest people come together to cure the economy:

Bill Gates
Vince Goodrum
Warren Buffet
Mark Zuckerberg

Mere paupers compared to the Rothschild's and Rockefeller's.  They are the real owners of the USA. 
Title: Re: Increase consumer spending to get good economy - mainstream political theory
Post by: Mr Anabolic on August 12, 2017, 05:42:24 AM
It may seem like it, if you are complete moron. But there is a large bunch of economist who has win the Nobel prize of economy, who think it is a good idea. Who we should listen: Anonymous well known moron from the internet, or these nobelist?  ;D

You actually believe economists and government stooges are omnipotent?  You need a wake up call.
Title: Re: Increase consumer spending to get good economy - mainstream political theory
Post by: Never1AShow on August 12, 2017, 06:05:52 AM
Yeah, let's hear about Bernie Sanders' economic theory.

Free college!

Are the Professors going to work for free? How about the administrative staff? The maintenance staff?


You have to commit bank fraud like Bernie Sanders' wife to keep the pyramid scheme going for yourself and your cronies.  What was the tax rate on that tax return Rachel Madcow revealed?
Title: Re: Increase consumer spending to get good economy - mainstream political theory
Post by: Thin Lizzy on August 12, 2017, 06:12:32 AM
You actually believe economists and government stooges are omnipotent?  You need a wake up call.

Here's what Nobel prize winner Paul Krugman said back in 2002:

"The basic point is that the recession of 2001 wasn’t a typical postwar slump, brought on when an inflation-fighting Fed raises rates and easily ended by a snapback in housing and consumer spending when the Fed brings rates back down again. This was a prewar-style recession, a morning after brought on by irrational exuberance. To fight this recession the Fed needs more than a snapback; it needs soaring household spending to offset moribund business investment. And to do that, as Paul McCulley of PIMCO put it, Alan Greenspan needs to create a housing bubble to replace the NASDAQ bubble."
Title: Re: Increase consumer spending to get good economy - mainstream political theory
Post by: Irongrip400 on August 12, 2017, 06:18:32 AM
Mere paupers compared to the Rothschild's and Rockefeller's.  They are the real owners of the USA. 

I know about the rothchilds, but how do the rockefellers fit into this? I don't see them listed as any richest in the world lists.
Title: Re: Increase consumer spending to get good economy - mainstream political theory
Post by: Thin Lizzy on August 12, 2017, 06:32:44 AM
I know about the rothchilds, but how do the rockefellers fit into this? I don't see them listed as any richest in the world lists.

The banking industry is an establishment kinda like the mob where you have a few families controlling things. The Rothschilds are one arm. The Swiss are another.



https://en.m.wikipedia.org/wiki/Banking_in_Switzerland


Currently an estimated one-third of all worldwide funds held outside their country of origin (sometimes called "offshore" funds) are kept in Switzerland. In 2001, Swiss banks managed US$2.6 trillion. The following year they handled US$400 billion less which has been attributed to both a bear market and stricter regulations on Swiss banking.[21] By 2007 this figure has risen to roughly US$2.7 trillion, a record.[22]
Title: Re: Increase consumer spending to get good economy - mainstream political theory
Post by: Marty Champions on August 12, 2017, 06:34:10 AM
how much things cost vs how much money we have=economy

id say 95% of people can afford what they need

poor people get what they need and generate debt not wealth but are happier than pigs n shit

rest of middle class can afford 100%  what they need but are slaves to their work

economy is good in that sense , but with a few gov tax n spending adj the middle class could afford more vacation time
Title: Re: Increase consumer spending to get good economy - mainstream political theory
Post by: Mr Anabolic on August 12, 2017, 06:38:55 AM
Here's what Nobel prize winner Paul Krugman said back in 2002:

"The basic point is that the recession of 2001 wasn’t a typical postwar slump, brought on when an inflation-fighting Fed raises rates and easily ended by a snapback in housing and consumer spending when the Fed brings rates back down again. This was a prewar-style recession, a morning after brought on by irrational exuberance. To fight this recession the Fed needs more than a snapback; it needs soaring household spending to offset moribund business investment. And to do that, as Paul McCulley of PIMCO put it, Alan Greenspan needs to create a housing bubble to replace the NASDAQ bubble."

Krugman is a psychopath and an elitist stooge, like most of them are.  Funny, now Greenspan is now promoting gold as the ultimate safe-haven asset.  He didn't say that when he was Fed chairman.
Title: Re: Increase consumer spending to get good economy - mainstream political theory
Post by: Mr Anabolic on August 12, 2017, 06:49:11 AM
how much things cost vs how much money we have=economy

1. id say 95% of people can afford what they need

2. poor people get what they need and generate debt not wealth but are happier than pigs n shit

3. rest of middle class can afford 100%  what they need but are slaves to their work

4. economy is good in that sense , but with a few gov tax n spending adj the middle class could afford more vacation time

1. Afford necessities maybe, but their discretionary items are mainly bought on credit.
2. Poor people are paid by the government to remain that way.  There is no incentive to work or aspire to anything else.   
3. The middle class is shrinking.  Most live paycheck to paycheck.  Many cannot save and are living beyond their means.
4. Economy is good for rich people.  The middle class is being hurt/squeezed the most.  The poor wouldn't survive without the middle class funding 90% of the government social welfare programs.
Title: Re: Increase consumer spending to get good economy - mainstream political theory
Post by: funk51 on August 12, 2017, 06:51:44 AM
Yeah, let's hear about Bernie Sanders' economic theory.

Free college!

Are the Professors going to work for free? How about the administrative staff? The maintenance staff?


Here's how your system is working out in Venezuela:



https://www.theguardian.com/world/2017/aug/05/here-there-is-a-chance-venezuela-crisis-triggers-exodus-to-colombia

From the moment it opens at 8am each day, the Símon Bolívar bridge between Venezuela and Colombia heaves with people.

Up to 25,000 Venezuelans come to the sweltering border town of Cúcuta each day – many of them lugging empty suitcases to buy basic foodstuffs such as rice, flour and pasta that they cannot find back home.




you're comparing america with a third world country... aren't we supposed to be the best and lead all countries in taking care of it's citizenry... america first....  MAGA
Title: Re: Increase consumer spending to get good economy - mainstream political theory
Post by: Thin Lizzy on August 12, 2017, 07:00:36 AM
you're comparing america with a third world country... aren't we supposed to be the best and lead all countries in taking care of it's citizenry... america first....  MAGA

Is that the best you got? Meaningless platitudes. The way you take care of the citizenry is via marginal productivity. People making useful goods and services. Not idiotic redistributions schemes that continually fail.

Stick to cartoons. That's the extent of your economic knowledge.
Title: Re: Increase consumer spending to get good economy - mainstream political theory
Post by: Griffith on August 13, 2017, 02:49:07 AM
1. Afford necessities maybe, but their discretionary items are mainly bought on credit.
2. Poor people are paid by the government to remain that way.  There is no incentive to work or aspire to anything else.    
3. The middle class is shrinking.  Most live paycheck to paycheck.  Many cannot save and are living beyond their means.
4. Economy is good for rich people.  The middle class is being hurt/squeezed the most.  The poor wouldn't survive without the middle class funding 90% of the government social welfare programs.

Correct.
Title: Re: Increase consumer spending to get good economy - mainstream political theory
Post by: biff on August 13, 2017, 10:33:20 AM
encourage free spending, take loans they cant possibly ever pay back, economy see's short term boost, half the country goes into to debt...blame the next people in charge for economy crash and corporations controlling everything (all debt), blame them for 'screwing' middleclass etc,...


sounds about right
Title: Re: Increase consumer spending to get good economy - mainstream political theory
Post by: funk51 on August 13, 2017, 10:44:13 AM
Is that the best you got? Meaningless platitudes. The way you take care of the citizenry is via marginal productivity. People making useful goods and services. Not idiotic redistributions schemes that continually fail.

Stick to cartoons. That's the extent of your economic knowledge.

              i'm just replying in the manner of the time.we have a president who won by having people chanting  "lock her up","build the wall". and other such nonsense. how many degrees in economics do you have...what's your specialty mr lizzy micro or macro??? remember this next time they want to microchip you as terms of employment.
Title: Re: Increase consumer spending to get good economy - mainstream political theory
Post by: funk51 on August 13, 2017, 10:45:36 AM
 ::) ::) ::) ::) ::) ::)
Title: Re: Increase consumer spending to get good economy - mainstream political theory
Post by: Ropo on August 14, 2017, 01:22:05 AM
You actually believe economists and government stooges are omnipotent?  You need a wake up call.

From the moron who barely can read and write? Hey, why don't you give your economy to drunken apes to handle? Go out to spot some chemtrails or false flag operations to wank off..  ;D