American Economics Thread

[AndrewS]

Meh, it was a civil disturbance for half a day. And when has that not always been the case?

The problem is that this minority of unhappy low-IQ low-paid men is a key voter bank for the Republican Party. It drives US politicians to embrace *Trumpism* and nativist policies. It resulted in Trump being elected and many of the irrational policies that followed.

What does this have to do with India on the American economics thread?

If you're going to discuss IQ, you have to be able to put it into perspective by comparing with other places. Remember the *argument* was that a society with low IQ would collapse.

 

[Deleted member 15949]

The problem is that this minority of unhappy low-IQ low-paid men is a key voter bank for the Republican Party. It drives US politicians to embrace *Trumpism* and nativist policies. It resulted in Trump being elected and many of the irrational policies that followed.

Pre-COVID Trump still had normal growth rates b/c it's still the deep state that runs macro

If you're going to discuss IQ, you have to be able to put it into perspective by comparing with other places. Remember the *argument* was that a society with low IQ would collapse.

Yeah, the US is far better than India and India hasn't collapsed

 

[siegecrossbow]

What the hell does race and gender have to do with the stock market?

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[DarkStar]

The US doesn't have racial apartheid.

LOL, no. Business lobbies will do business lobbies and there isn't any goods inflation. Just a tad of pandemic induced shocks. And high inflation isn't revolutionary: see the 1970s.

Neither because the US is internally resilient.

Wishful thinking much?
The US is not looking very resilient at the moment, i must say; Nixon and the USG back in the 70s were only able to pull it off because of the Petrodollar; we're seeing inflation already affecting the hoi polloi which accounts for the rise in desperation and extremism in US society today.

Maybe you live in a gated community and are not exposed to such prot south africanisation of america, but it's happening and it's coming.

You're severely exaggerating the situation.

No, the Five Eyes are explicitly an anglo chauvinist cum white supremacist collective, in deed and action, except in today's PC world they have to couch the language: "values based, rules based international order" when white anglo supremacists are the ones deciding which laws they want to follow and which ones they want to enforce.

Juxtapose that with China and the UN emphasising UN mandate and UN resolutions.

What the hell does race and gender have to do with the stock market?

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It's the equivalent to religious hysteria gripping the end of days of the roman empire; America's leaders are gripped by religious hysteria in the form of the new religion of "woke-ism, down to forcing companies to pay Indulgences to prove they're not bigoted.

 

[Deleted member 15949]

Wishful thinking much?
The US is not looking very resilient at the moment, i must say; Nixon and the USG back in the 70s were only able to pull it off because of the Petrodollar; we're seeing inflation already affecting the hoi polloi which accounts for the rise in desperation and extremism in US society today.

Wow, 5% inflation where if you remove used cars, it goes to 3%. Really really *boring*

Maybe you live in a gated community and are not exposed to such prot south africanisation of america, but it's happening and it's coming.

LMAO, I live in Houston, with both a significant Hispanic population and rapid economic growth. Hispanic populations are an asset, not a liability. California and Texas are both majority-minority. Tell me about how both states have...economic growth exceeding the national average.

No, the Five Eyes are explicitly an anglo chauvinist cum white supremacist collective, in deed and action, except in today's PC world they have to couch the language: "values based, rules based international order" when white anglo supremacists are the ones deciding which laws they want to follow and which ones they want to enforce.

Juxtapose that with China and the UN emphasising UN mandate and UN resolutions.

Drop the exceptionalism. Everyone is hypocritical.

It's the equivalent to religious hysteria gripping the end of days of the roman empire; America's leaders are gripped by religious hysteria in the form of the new religion of "woke-ism, down to forcing companies to pay Indulgences to prove they're not bigoted.

You read the article right? It was a nonsense disclosure plan from some lib in Manhattan and it got approved by the SEC. It requires no change in corporate governance

 

[TK3600]

Guys, the battle ahead will be long and tough. America is not going to die soon. The true show down has yet to happen.

 

[DarkStar]

LMAO, I live in Houston, with both a significant Hispanic population and rapid economic growth. Hispanic populations are an asset, not a liability. California and Texas are both majority-minority. Tell me about how both states have...economic growth exceeding the national average.

Are these the same hispanics who got promoted to "white" so that Republicans can keep telling themselves it's still america of the 50s?

Secondly, so what? you're assuming non anglos can't act as compradors in service to white supremacy? Kiron skinner serves a whole of civilisation attack against China, to say nothing of obama who supported the same power structure which continued persecuting african americans and pushed for the pivot to Asia.

Drop the exceptionalism. Everyone is hypocritical.

You read the article right? It was a nonsense disclosure plan from some lib in Manhattan and it got approved by the SEC. It requires no change in corporate governance

Keep huffing that copium pal, meanwhile the new religion of BLM/Woke-ism and its martyr St George Floyd keeps tearing the nation apart.

Actually it reminds me of the Taiping rebellion, but more on that later.

In the meantime, please address the fact that traitor US companies are refusing to tow the China Containment Plan and pushing to remove tariffs against China.

 

[Deleted member 15949]

Are these the same hispanics who got promoted to "white" so that Republicans can keep telling themselves it's still america of the 50s?

Secondly, so what? you're assuming non anglos can't act as compradors in service to white supremacy? Kiron skinner serves a whole of civilisation attack against China, to say nothing of obama who supported the same power structure which continued persecuting african americans and pushed for the pivot to Asia.

Hispanics were always an ethnic, not a racial group on the Census. Even ignoring that, your claim that the rapid "South Americanisation" of the United States is going to be a hinderance on US growth prospects is empirical nonsense. Whether they are white supremacists is irrelevant for discussions of US capabilities.

Keep huffing that copium pal, meanwhile the new religion of BLM/Woke-ism and its martyr St George Floyd keeps tearing the nation apart.

Actually it reminds me of the Taiping rebellion, but more on that later.

Uh..no. BLM/Woke-ism is a GOP talking point to get votes. Personal life satisfaction is very high in the United States. There isn't any "tearing the country apart".

In the meantime, please address the fact that traitor US companies are refusing to tow the China Containment Plan and pushing to remove tariffs against China.

Business lobbies, they exist. It's not particularly shocking. The corporates aren't traitors. They want to advance their own interests.

A few tips to you going forward
1. Data, it wouldn't hurt you (i.e., Hispanics aren't a drag on growth)
2. Learn the significance of things. Business lobbies writing a letter and FOX News saying crazy things are standard things, not noteworthy.
3. Race has limited (to none) applicability in discussions of future US prospects.

 

[Deleted member 15949]

As I was saying, money printing (fiscal & monetary) is free and has no risks to inflation or financial stability but is leading to a booming employment market and record economic growth all the while the Chinese SME sector, wages and growth flounder. @DarkStar should update his priors on American resilience. It's only going to get even better with the infrastructure + social packages currently working their way through Congress now with even more fiscal expansion

https://twitter.com/i/web/status/1424452206573522945

 

[emblem21]

https://twitter.com/i/web/status/1424452206573522945

Who in Gods name can live on 15 dollars an hour and be able to pay rent along with everyday expenses. And all those infrastructure packages is not going to accomplish anything if they don’t have the time nor the labor resources to build all that infrastructure in literally a year or less when they do need them most, not to mention their is a super drought going on that right now on the west coast unless the USA builds at least 3 more desalination plants right now to counter the fact that they need lots of water to deal with the west coast population and the agriculture industry that is growing the majority of the food in the USA and deal with the wild fires that is literally burning towns down right now, all that infrastructure won’t save the USA from a massive food shortage crisis.

Money printing has consequences as well, have you been to the super market lately and see the food prices go up along with the food shortages on the shelf. You can have trillions of dollars of wealth but that won’t matter if their is no more pork on the shelf due to everyone panic buying them up and in the even they try to use the US dollars to buy foods from other countries, they will be not so willing to feed the entire USA when they have there own needs to deal with first and hence they will eventually reject those dollars. On paper, the economy is booming but on Main Street where it truly matters, the economy is dying fast because so many people would prefer to stay at home of stimulus money and not work for a low wage job that pays only 15 dollars an hour, a sum I am convinced will ensure that neither me nor my wife will be able to live on at all given how much we need to use to basically live at all.

Sorry but you are simply too optimistic about the future of the USA, you seem to be ignoring all of the natural and unnatural disasters that is piling up in the USA right now that is not being adequately deal with right now, in particular the covid which is goin up in the 100 of thousands.