Exactly. Spain stole the gold, Britain mostly worked for the gold. Britain sparked the Industrial Reavolution. Spain paid for her sins of laziness and theft.
You need to review some history of the era between 1500 and 1600 clearly you don't understand the international relations of the era.
What don't I understand?
Your claim was that during the 30 yrs before Reagan we were going downhill.
No I said look at our decline between the 50s and the 70s. The 50s were great, the 70s were terrible. Something happened between the 50s and 70s. Extreme liberalism and the 60s happened.
That is simply false. The seventies were problematic for many reasons I don't want to get into now.
Union liberalism. High taxes. Government micromanagement of the economy. It's not difficult to understand.
Japan lost money buying overpriced American real estate lets sell them some more.
Because of Reagan releasing the great American businessmen and entreprenuers from the bonds of high taxation rates. Japan could have held their real estate they bought if liberals would have won the presidency and kept tax rates high. This country wasn't going anywhere with those high tax rates.
By the time the industrial revolution came around Spain was no longer removing much gold from the New World.
Exactly. Thet stole all the gold. Britain worked for that gold and became great.
And the fact that it missed it had nothing to do with the gold from the new world it was missed by France, Italy, Germany, Russia, Poland, and Albania too.
That's funny, I seem to remember France having a lot of success around 1800 with a guy named Napoleon. Maybe I'm mistaken. :^)
None of them were "stealing gold."
France and Britain were neighbors of Spain. They got the gold and fought it out amongst themselves for dominance of the seas. Spain declined into obscurity. It's because they stole the gold. Germany didn't do too bad either. As a matter of fact all the western countries besides Spain did well. Russia and Poland...that's Esau, he's been screwed up for 4000 years.
By the time England industrialized Spain was a backwater with no gold to steal.
Exactly. All that gold put them so far behind they couldn't catch up.
What history are you recalling anyway. Certainly not European.
I seem to recall Britain, France, the Dutch, and Germany ruling the world after Spain stole the gold. Are you saying that Germany, France, and the Dutch were insignificant after the 1600s?
Foreigners don't own the banks (unless they are foreign banks.) Most of the stock of banks is held by Amuricuns.
So you're saying that the federal Reserve doesn't work with any foreign banks?
More nonsense. "The Feds reserves...." Has no meaning thus cannot be adequately responded too.
Then why do they call it a "reserve"?
What do you think the "reserve" in the Federal Reserve is? This should be good.:^)
A speech In Congress in 1934. McFadden died two years later of the "flu".
We agree it gets hard to be a Marine. Sure miners are proud so are bankers so what? Ask the ones with Black Lung how proud they are.
Those are coal miners.
Mining is one of the most difficult, dangerous and least desirable jobs around. Just ask the miners most of whom have little choice in moving to a better one.
There's a lot of jobs that are undesirable. Should the government ensure that these jobs are eliminated?