Log in or Sign up
Coin Talk
Home
Forums
>
Coin Forums
>
Bullion Investing
>
2012 Silver Crash?
>
Reply to Thread
Message:
<p>[QUOTE="Cloudsweeper99, post: 1441933, member: 3011"]Bu way of full disclosure, I am not an advocate of global free trade. Sometimes the assets and jobs go away - permanently - like the textile industry. Thje US now has a permanent underclass that formerly worked in a variety of industries that are dead in America. I laugh at the people who see high wage, high benefit jobs as something to get rid of. In saner times, the US used wage equalization tariffs to protect the high and rising standard of living of its citizens. Now, corporations rule and are moving the nation toward subsistence level jobs to maximize corporate profits. I know it is popular to believe that lower consumer prices are the ONLY economic indicator that matters. But people forget that you can't have consumers without producers. And consumers are also the same people earning the high wages with high benefits that are supposedly bad for the nation. There is no way to tell, of course, but Alexander Hamilton would probably have protected the US auto industry as strategic, and no bailout would have been needed. Since you are financially secure, it may be difficult for you to see it that way. But the view from the bottom of society is that capitalism isn't working for them, and if the elite don't start paying attention to the needs of these folks, it might bring down the whole system with or without bailouts.[/QUOTE]</p><p><br /></p>
[QUOTE="Cloudsweeper99, post: 1441933, member: 3011"]Bu way of full disclosure, I am not an advocate of global free trade. Sometimes the assets and jobs go away - permanently - like the textile industry. Thje US now has a permanent underclass that formerly worked in a variety of industries that are dead in America. I laugh at the people who see high wage, high benefit jobs as something to get rid of. In saner times, the US used wage equalization tariffs to protect the high and rising standard of living of its citizens. Now, corporations rule and are moving the nation toward subsistence level jobs to maximize corporate profits. I know it is popular to believe that lower consumer prices are the ONLY economic indicator that matters. But people forget that you can't have consumers without producers. And consumers are also the same people earning the high wages with high benefits that are supposedly bad for the nation. There is no way to tell, of course, but Alexander Hamilton would probably have protected the US auto industry as strategic, and no bailout would have been needed. Since you are financially secure, it may be difficult for you to see it that way. But the view from the bottom of society is that capitalism isn't working for them, and if the elite don't start paying attention to the needs of these folks, it might bring down the whole system with or without bailouts.[/QUOTE]
Your name or email address:
Do you already have an account?
No, create an account now.
Yes, my password is:
Forgot your password?
Stay logged in
Coin Talk
Home
Forums
>
Coin Forums
>
Bullion Investing
>
2012 Silver Crash?
>
Home
Home
Quick Links
Search Forums
Recent Activity
Recent Posts
Forums
Forums
Quick Links
Search Forums
Recent Posts
Competitions
Competitions
Quick Links
Competition Index
Rules, Terms & Conditions
Gallery
Gallery
Quick Links
Search Media
New Media
Showcase
Showcase
Quick Links
Search Items
Most Active Members
New Items
Directory
Directory
Quick Links
Directory Home
New Listings
Members
Members
Quick Links
Notable Members
Current Visitors
Recent Activity
New Profile Posts
Sponsors
Menu
Search
Search titles only
Posted by Member:
Separate names with a comma.
Newer Than:
Search this thread only
Search this forum only
Display results as threads
Useful Searches
Recent Posts
More...