Free Republic

oops missed the gdp. again rel gdp is the blue line

Look at it this way. Ever since 1992 when we passed NAFTA and GATT the US has been steadily losing industry and production to its economic rivals in Asia. Blame the traitorous elites in DC and Wall Street.

[b]To mask this collapse [/b]since 1998 we have become more and more dependent on Federal Reserve generated bubbles which Wall Street also loves because it calls the shots at the Federal Reserve. Bubbles generated by low interest rates and QE. With the QE to infinity program of the Federal Reserve we are in a complete bubble-consumption economy not a production economy. Sure we still produce a lot and have lots of manufacturing left but we buy even more from China/Asia. Our agriculture sector is is good shape and we still mine

In addition to masking the collapse with cheap credit, and imported goods made by neo-slaves, our basic economic statistics were 'enhanced'. The blue line in the charts below reflect unemployment, inflation, and real GDP as they would be if the enhancements were removed.

When government owns industry it is called socialism. When government micromanages business through regulations it is a called fascism.

This country crossed the line into fascism decades ago, but it wasn’t until the last decade or so that it became so obvious that I was awakened from my denial. You couldn’t see that line behind us now even with a high powered telescope.

Applause !

see 149

Applause !!!

Re: Sorta. House Apple is a global entity run by citizens of the world for their own personal benefit plus that of their stock holders with no consideration given to morals, ethics, or patriotism. It is a great fan and beneficiary of crony capitalism. The feudalism of Dune would be right up its alley.

Your reply: Apple is run by hyper greedy liberals. Liberals adore their millions much more than do wealthy conservatives because they tend to be godless so material possessions is how they keep score. But I'll still bet that most of Apple (shares) are owned by Americans and American entities. Same as Toyota is mostly Japanese owned// Samsung mostly owned by Koreans

But Samsung and Toyota still have loyalty to their home nations while Apple has zero

Thanks for including in your reply the notion of hyper greedy liberals. There is an accepted myth that ultra leftists are generous and sharing when in reality they exhibit rapacious greed masked by acts of generosity that serve their own selfish interests, e.g. Gates setting up schools in India to ensure an ongoing source of cheap labor and Bloomberg's nanny statism to satisfy his lust for power.

re:...frame the question in terms of false alternatives...

expat_panama replied: Either that or we've gotten to the fact that all foreign transactions boil down to nothing but buying/selling capital assets plus buying/selling goods'n'services. They always balance and there's never a surplus or deficit. Reality often conflicts with ideology and the easy way out is avoid the facts and hide behind empty banter.

Problem is that it only seems easy; trade is still our only means to feed our families and defend our country and personalities are simply a distraction.

expat_panama,
you have framed the argument in terms of false alternatives because you based it all upon the assumption that trade is still our only means to feed our families and defend our country and personalities are simply a distraction

Dennisw in post #143 and Central_va in post # 145 have shown your assumption to be false.

Pre 1930 “trade” made up less than 5% of the entire GDP of the USA. Somehow people stall ate, cars were built, how’d they do that without gloBULLism?

gloBULLism
That's a good one !!!

I am using an Apple product right now. I like Apple products, having said that Apple really isn’t a US company. I mean their factories are all overseas, and they have dummy corps all over the world. So what are they? Like a “house” in the Dune(book) sense? House Apple?

Sorta. House Apple is a global entity run by citizens of the world for their own personal benefit plus that of their stock holders with no consideration given to morals, ethics, or patriotism. It is a great fan and beneficiary of crony capitalism. The feudalism of Dune would be right up its alley.

Please tell me whether you prefer foreign ownership of US companies to American ownership to foreign companies,

Here is an example of using the logical falacy of a 'false dilema'. In other words frame the question in terms of false alternatives.

Thanks for your on-going posts that keep us up to date on Zimmerman.

Apple is not using tax havens. It is putting the money it has earned outside the US into foreign holding corporations based in Ireland. If the US agrees to only charge 5% tax (right now it is 35%) then it will bring this money into USA and most likely disperse it to shareholders.

Thanks for the information.

I have little sympathy for Apple and they are lying when they say they will invest this money in America

Agreed. Why hire americans when you can hire Chinese neo-slaves?

Actually nothing is as funny as those who lack facts and resort to such techniques as ridicule, insults, deflection, straw men, going off topic. . . you know all those techniques you know so well. LOL

Have you redirected your post to McCain and Levin yet ?

/ end of troll feeding time LOL

Their religion will not allow them to listen to reason.....

Now that's funny !

We need a nationalist libertarian party that is

01.pro-American economic interests
02.will impose tariffs on offending nations
03.will use these tariffs Federally to shrink the income tax
04.smaller Federal government that will>>
05.enforce our border and immigration laws
06.build a fence on the Mexican border
07.will institute computerized tracking of visa holders entrance and exit
08.will get rid of oppressive and wasteful Federal departments such as>>>>
09.EPA
10.Department of Education
11.EEOC
12.HUD
13.Energy Department greatly slimmed down
14.the Federal Government is one big affirmative action hiring racket_____ This must end and be reversed
15.flat tax income tax and everybody has to pay something
16.Put the Federal Reserve out of business ___ make the Treasury Department responsible for our currency and banking system
17.get rid of affirmative action for for immigrants and their offspring and anyone descended from them
18.then phase out all other affirmative action
19.hard drug dealers get executed or exiled

Now there's a list of things that I can get on board with!

Re: As for corporates taxes, they are just something for corporates accountants to creatively avoid. That’s why Tax Havens were invented.

But you guys are on it.

Senator John McCain and Senator Carl Levin have now presided over what Senator Rand Paul rightly called a “show trial.”
The Senate Mensheviks have raked Apple Computer over the coals on its practice of keeping tons and tons of money offshore.
This is money that the Mensheviks sorely need, so they can squander it on things that won’t make life better for anyone outside of K Street.
Townhall

In your effort to avoid the fact that large corporations use tax havens, and therefore corporate taxes are not the reason companies offshore, you got confused and addressed your post to the wrong person.

Redirect your comments to John McCain and Carl Levin. ROFL

Some information you might find interesting:
http://seekingalpha.com/article/198470-ten-problems-with-free-trade
http://townhall.com/columnists/phyllisschlafly/2011/12/20/china_celebrates_outwitting_us_in_the_wto

As for corporates taxes, they are just something for corporates accountants to creatively avoid. That’s why Tax Havens were invented.

denniswYou are such an ignoramus you don't know that this nation was served well by tariffs for many years prior to the 1920s. Even after that somewhat. That they were the Feds main source of funding prior to the income tax. Only in UK and USA do find fervent free traders. Other nations particularly Asia know how stupid free trade is and are overjoyed we practice it so that they can exploit it

khelus:Applause !

1rudeboy:The Founding Fathers saw tariffs as a way to raise revenue for the federal government. Fast forward to the 21st Century, and you have ostensible conservatives claiming that they should be used to protect the incomes of farm workers.

So the question is, why can't these conservatives be faithful to the Constitution, and the Founding Fathers?

1rudeboy: Interesting how you agree that the Founding Fathers used tariffs to fund the federal government and then conveniently go off topic. Great way to hide a lack of facts ! Almost as effective as your other favorite posting techniques: insults and ridicule. LOL

You are such an ignoramus you don't know that this nation was served well by tariffs for many years prior to the 1920s. Even after that somewhat. That they were the Feds main source of funding prior to the income tax. Only in UK and USA do find fervent free traders. Other nations particularly Asia know how stupid free trade is and are overjoyed we practice it so that they can exploit it

Applause !

I wish they’d let asthmatics buy albuterol inhalers without a prescription.

There is now a replacement for Primetine Mist: Asthmanefrin

Than you for posting.

New data to ‘rewrite economic history’ (Government about to wave magic wand to add 3% to GDP growth)
http://www.freerepublic.com/focus/f-news/3011307/posts


Data shift to lift US economy 3%
http://www.freerepublic.com/focus/f-news/3010782/posts

Thanks for the good links!

That pathetic GDP was created by using an index that measures the cost of a declining standard of living.

If you look at the blue line on the chart below you will see 'real' GDP created by using an index that measures the cost of a set standard of living. However, it still includes ever expanding government spending.

Will America Change to Accommodate Tyranny?

Wrong tense. It is pretty much a fait accompli.

The blue line in the chart represents the inflation rate as it would be calculated using the 'enhancements' added since the mid 1980'a. These enhancements conveniently have suppressed the inflation rate via home owner's rental equivalence, hedonics index, chained dollars, intervention analysis, etc.

Well, thank goodness they’re not hiring any out-of-work Americans /s

This idiotic country is being systematically dismantled like a Corvette at a chop shop

Applause!

Pew Research did a survey of immigrant voter groups in 2012. Who are the most reliable Democrat voters? Indians - who vote 80% to 90% for Democrats. They are, tragically, also the best educated immigrant group.

India is a socialist country.

Indians come here because our socialist government gives them better bennies than their socialist government.

Do you really believe that 11 million figure they keep throwing out? I live in Texas and I’ll bet we have more than that just in this state!

Personally basded upon what I see in NJ 30 - 40 million is a conservative figure!

Deport them to India and China. A large proportion of the illegals here are Indians who entered legally and have since overstayed their visas. Some 40% of the 11 million illegals are those who have overstayed their visas. Indians are famous for chain migration where they bring in their whole families including grandparents, uncles, nieces and nephews. They know how to “game” the system.

The only correction I would make is minimally 30 - 40 million illegals.

You'd be surprised how many people are unaware that people in the STEM fields compete with illegals.

I didn’t “go to” Huffington Post.

I saw the article on my homepage newsfeed and clicked on it to read it. It happened to be on the Huffington Post.

I looked for the same info on other sources (knowing full well that certain people on FR would have a hissy fit) and did not find it.

Is the trade deal important or not? Are the issues raised about portential threats to sovereignty important or not?

I thought this worthy of discussion. But obviously it is not worthy here where the more often than not the merely purile is more important and garners the most comments than any important issue.

Applause !!!

re:But the QE’s will fail eventually. Question is when.

And how. Since QE printed money is both handed out by politicians and used by big banks for carry trade it has two general ways to fail. The main one is collapse of the bond bubble and massive deleveraging. The second one is that the government gets so many people on the dole along with many corporations that they are able to hyperinflate. That requires a large amount of crony capitalism since the government doesn't yet fund mom and pop businesses.

In order to stop the massive deleveraging the Fed might try to shift QE into some longer term arrangements (e.g. a 100 year bond that the government will never pay back) which the government turns into "loans" for some sort of "new economy" paradigm. In essence Solyndra on steroids. One thing is for sure, the rich will get much richer.

And the rest will become more and more dependent upon the ever expanding central government - all according to plan.

Higher wages will attract more and better quality workers. Simple as that. The law of supply and demand.

Funny how that works!

So old and reviled Lysenko was right..

In some cases, environmental changes found in the epigenome are passed on.

Bisphenol S (BPS) is a chemical used as a replacement for bisphenol A (BPS).

Companies can say they are BPA-free by using BPS, which is a similar estrogen-like chemical and is probably just as bad.

Thanks for the interesting tidbit.

If the left wants to help asthma then they should tell the EPA and their messiah obama the clown that they shoudl bring back the old inhalers as the new ones do not work at all.

I shold know as I have asthma, and since the EPA banned the inhaler which worked because they claimed it pollutes the air I;ve had asthma attacks and been took to hospital.

Think about it, they tell me my inhaler is polluting the air while they take helicoptors, planes and big SUV’s

Here's a web site for you: Save CFC Inhalers

For all who are unaware, CFC inhalers, which actually worked, were removed from the market in a joint effort by the FDA, EPA etc in a fit of garbage science because of 'the ozone hole' and 'man made global warming'. They were replaced by inferior quality HFA inhalers which were never properly tested nor subjected to follow up studies mandated by FDA rules.

All but one of the new HFA inhalers contain alcohol, a know trigger for asthma; they all contain a host of leachables that have never been subject to testing.

The new inhalers do not work for some, do not work as well for some, and cause asthma attacks in others.

Note the irony in the following from the FDA web site:
"It is important to remember that it is the deep breath that you take with each puff that gets the medication into your lungs, not the force of the spray. The spray from an albuterol HFA inhaler may feel softer than the spray from an albuterol CFC inhaler but this will not affect the amount of drug that you breathe into your lungs. The spray from an albuterol CFC inhaler often hits the back of the mouth. The spray from an HFA inhaler is a fine mist that may actually be easier to breathe into your lungs compared to a CFC inhaler. "

OTH global pharma and global chemical companies have made a bundle or two.

When you look at the chart of ‘Real Disposal Personal Income Per Capita’, remember that real income is created using Chained Dollars which are pure substitution effect, i.e. a measure the cost of a DECLINING standard of living.

Re:Corporate America has no allegiance to the US, Careful, the New World Order wing of Free Republic will call you names.

ROFL. How true !

Re:Corporate allegiance is to their bottom line and stockholders.

How quaint. Actually, we'd be much better off were that true. Corporate allegiance is to their bonuses and pay-packages. We'd be infinitely better off with a herd of Jay Goulds who actually work for the shareholders (the second clause, usually omitted from Gould's infamous "The public be damned," was "I work for my shareholders".) Instead every manager, every fiduciary in commerce, finance, industry, government, the non-profit sector, now seems to believe his position exists not the maximize benefit in whose interest he nominally works, but to feather his own nest. This is what the Kondratieff winter looks like close up, and it's not pretty.

Funny how "Free Traders' never notice that!

Supply and Demand doesn’t work very well when you have an unlimited supply of something. (Labor).

Funny how the Free Traders scream about free markets, but then do everything to rig the supply of labor.

Amen !

Wage recession is caused by globalism and free trade. Even if we had a booming economy with low taxes/little regulations, corporations will still be training lower cost overseas nations to do what American factory workers, high tech workers and even medical professions are doing and replace all of them. What ever they cannot do overseas, corporate America can import via legal immigration or under the table via subcontractors with illegal immigrants. Corporate America has no allegiance to the US, they worship only money and the preservation of the 1 percent power. Every other American can go to Hell as far as they care, except if their members are being attacked by terrorists, only then they remind everyone they are Americans and require some Main Street American kid go overseas to die protecting or rescuing them.

Nice summary !

Thanks for the Post

Borderline? He crossed that border thirty years ago..

rofl

And never looked back!

In the following chart the blue line shows real GDP deflated by an index that measures the cost of a set standard of living. Note the GDP includes government spending which has been increasing as a percent of the GDP.

For those who are interested the PCE that is being used is an index that is pure substitution effect.

Plus damp moldy environments are a known trigger for asthma.

The article title intentionally obscures the fact that this is a private endeavor, funded by private individuals. When the right uses the same underhanded journalistic tactics as the left, I move on.

Good Catch.

Are these crops in China?

I forgot to add that proponents of GM have used scientists to deny the possibility of horizontal gene transference just like they denied the possibility of pollen from GM crops infecting nearby non GM fields.

The way the 'science' works is 'scientists' claim 'this' has never been proven to happen, therefore 'this' can't happen. In reality they either never tested for 'this' or tested for 'this' for such a short period of time that the test was not valid.

Are these crops in China?

The testing that discovered 'wild' bacteria infected with anti biotic resistant genes unique to GM was done in China, however GM crops are created using similar techniques, and grown world wide.

It was the first such study.

In other words, the potential for this contamination exists anywhere GM crops are created and grown. It just has not been tested for.

Conclusion from the study:

This study is the first to address the potential pollution of our environment with antibiotic resistant genes from genetic engineering experiments. It provides the first comprehensive and direct evidence of horizontal gene transfer from genetic engineering and genetic modification. It can be predicted that similar findings will emerge elsewhere, if the appropriate molecular probes are used with the most sensitive PCR assays, which hitherto has not been done.

fro = from

How can this be? Most of the people there don’t use antibiotics.

Hopefully I've made this clear.

One way is as a side effect of using GM crops. Plasmids that carry antibiotic resistant genes are used to create and are found in GM crops. These genes are transferred to 'wild' bacteria and pathogens. 'horizontally', that is by passing normal reproduction. Proponents of GM crops have denied that this would be possible.

"The majority of GM crops already released commercially or field trialled in the open environment carry antibiotic resistant genes derived from the synthetic plasmids that were used for genetic modification. "

"Genetic engineering uses plasmids – extra-chromosomal DNA molecules that naturally exist in bacteria and other unicellular species – for propagating and manipulating DNA sequences in research and in genetic modification of plants and animals"

More details fro the article:

"Horizontal gene transfer, the hidden hazards of genetic modification

The transfer of genes directly into the genetic material of cells, bypassing normal reproduction, is referred to as horizontal gene transfer, to distinguish it from the usual vertical gene transfer that occurs in natural reproduction within the same species or in some cases between closely related species."

Thanks for the information. Very interesting!

So much for that “cheap farm labor” thing. Laborers are mostly hispanic, where I live.

'Cheap labor' is cheap for corporations that hire it but expensive for working tax payers.