North American Union to Replace USA
POSTED BY: piratenews
UPDATED: Saturday, July 8, 2006 03:31
VIEWED: 10071
PAGE 7 of 7
You know, if you didn't claim to come from England, I'd say you were Geezer. And Geezer hasn't been around much, largely because people have come to dismiss him and everything he says. You've got the same set of lies, the same repertoire of disinformation techniques, the same pretense of cleverness, and the same snaky personality. Geezer disappears, Fletch2 shows up. And the other way around. Hmmmmm ....
No, not upset.
Now, let's get back to what you really said, and not what you are trying to claim you said, and let's argue the points you really made:
1) Government spending stagnated -- a byproduct of having Republicans in the Congress and a Democrat in the Whitehouse, in real terms Gov spending didn't rise.
1) I have already proved Federal spending outpaced inflation. In real figures, government spending did rise. Therefore, your claim 1) is false.
2) The government got a cut of the increased market activity associated with the internet bubble.
Taxation of capital gains and then the income those gains generated were both taxed and went into government funds.
2) Yes, that it is true that government got a cut of the capital gains made during the dot com bubble. HOWEVER, market value increased steadily during the entire Clinton administration and not just during the internet bubble. And as all modern US administrations have taxed capital gains, to say that capital gains taxes generate federal money is, well, lame, don't you think? Furthermore, you fail to prove capital gains generate income. You also claim some artificially large but unstated time period for the dot-com bubble in order to boost your non-existent case. But you will never find, or be able to document, any evidence to show the bubble extended to 1996. Therefore, your attempt to extend the bubble into the early Clinton administration is false.
So, claim 2) where you attempt to imply the internet bubble was responsible for generating the government surplus is false. Further, your claim that surplus 'trickles down' is unproven.
3) There was really no international competition for the US.
German (sic) was still in the doldrums paying for reunification and that kept most of Europe down,
the Asian market collapse effected (sic) the pacific rim and China wasn't as big a player.
It's easy to win the game if you are the only team playing.
3) See below. The second number is the year to year change in percent of the various stock markets. (Not all years are available for each market.)
Between 1991 and 1997 the Hang Seng outperformed the DJIA by 100%. And the 1997 Asian meltdown does not thus explain the relatively poor performance of the DJIA from 1991 to 1997. Between 1991 and 2001 the Hang Seng 245%, DAX (Germany) 206% and CAC (France) 192% all significantly outperformed the DJIA 181%.
So your claim that the DJIA did 'so well' because Europe was staggering under the East German load is a disproven.
Finally, your claim that the stock market was the only game in town is disproven. Other markets significantly outperformed the DJIA.
DJIA (US)
2001 -7.104
2000 -6.168
1999 25.221
1998 16.099
1997 22.641
1996 26.014
1995 33.452
1994 2.14
1993 13.722
1992 4.174
1991 20.32
CDAX (Germany)
1998 12.32
1997 40.83
1996 22.14
1995 4.75
1994 -5.83
1993 44.56
1992 -6.39
DAX 30 (Germany)
2001 -19.795
2000 -7.538
1999 39.096
1998 18.419
1997 46.235
1996 28.165
1995 6.992
1994 -7.063
1993 46.702
1992 -2.085
1991 12.859
FTSE100 (UK)
2001 -16.153
2000 -10.212
1999 17.808
1998 14.548
1997 24.693
1996 11.634
1995 20.349
1994 -10.324
1993 20.091
1992 14.175
1991 16.31
CAC (France)
2001 -21.967
2000 -0.535
1999 51.124
1998 31.47
1997 29.503
1996 23.702
1995 -0.489
1994 -17.062
1993 22.091
1992 5.216
1991 17.011
Kuala Lumpur (Malaysia)
2001 2.42
2000 -16.334
1999 38.592
1998 -1.398
1997 -51.982
1996 24.397
1995 2.467
KO
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"I read The Road to Serfdom. Did you? If not, it's here: http://www.mises.org/TRTS.htm
Some of the more interesting quotes are:"
Actually, it's pretty clear that you have not read it, since you've taken one-sentence quotes completely out of context and commented on them. When someone does this, they are bull-shitting. Not only did you take the quotes out of context, but you have spectacularly missed the point of Hayek's arguments with respect to economics.
Don't pretend to read stuff that you haven't actually read. Pulling quotes off of the Internet is not a sufficient substitute. You should be old enough to know better (assuming you're older than 16, which is unclear at this stage).
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"Between 1991 and 1997 the Hang Seng outperformed the DJIA by 100%. And the 1997 Asian meltdown does not thus explain the relatively poor performance of the DJIA from 1991 to 1997. Between 1991 and 2001 the Hang Seng 245%, DAX (Germany) 206% and CAC (France) 192% all significantly outperformed the DJIA 181%.
So your claim that the DJIA did 'so well' because Europe was staggering under the East German load is a disproven.
Finally, your claim that the stock market was the only game in town is disproven. Other markets significantly outperformed the DJIA."
Rue, you cannot be this uneducated. It's seriously impossible. Growth RATES only matter when they are compared to the OVERALL SIZE of what they are measured against, i.e. a larger economy or market is not expected to grow as fast as a smaller economy or market because it has less room to grow. This is very basic Econ 101, and disappointingly, you haven't learned it. Whenever you attempt to analyze economic statistics you reveal your ignorance. Please do yourself a favor and take a course or something, because you're starting to make a fool of yourself.
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Wayward,
Yes I did read it. It was clearly directed toward Russia/ USSR. The one difference between it and the current US kleptocracy is: the Russian economy was formally put under overt government control. (The US has an oligarchy where the rich and powerful control the government - and thus the laws and economy - through other means.)
But you claim to be against everything in the screed. Bush's kleptocracy is guilty of many things. Why aren't you against THOSE things they do?
Nearly everything I know I learned by the grace of others.
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Wayward,
You cannot be so seriously uneducated. In this day and age of liquid international capital, growth RATES are the only thing that matters to full-time investors. In reality, the sheer VOLUME of liquid international capital puts small markets, currencies and economies at risk. (That was the driving force for the Indonesian crash which triggered the 1997 East Asian crisis.) Please take a course, or read a business page or something, because you display your ignorance in everything you post.
Nearly everything I know I learned by the grace of others.
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Quote:Your the only one proving you haven't read it.
Originally posted by Hayward79:
Actually, it's pretty clear that you have not read it, since you've taken one-sentence quotes completely out of context and commented on them. When someone does this, they are bull-shitting. Not only did you take the quotes out of context, but you have spectacularly missed the point of Hayek's arguments with respect to economics.
Don't pretend to read stuff that you haven't actually read. Pulling quotes off of the Internet is not a sufficient substitute. You should be old enough to know better (assuming you're older than 16, which is unclear at this stage).
So stop saying you've read things when you haven't.
More insane ramblings by the people who brought you beeeer milkshakes!
"I had a rose named after me and I was very flattered. But I was not pleased to read the description in the catalog: 'No good in a bed, but fine against a wall'." -- Eleanor Roosevelt.
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Act of Civil War Video:
CNN Lou Dobbs reports Bush's North American Union has overthrown USA
"You can't stop the signal!"
-Mr Universe, Pirate TV
FIREFLY SERENITY PILOT MUSIC VIDEO V2
Tangerine Dream - Thief Soundtrack: Confrontation
http://radio.indymedia.org/news/2006/03/8912.php
www.myspace.com/piratenewsctv
www.piratenews.org
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