Lots of people are talking about the high costs and the poverty problems. Any solutions?
I understand there's this inside joke! You don't mention solutions. What's funny about that???
61-69
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Reason10 · 70-79, M
Points to think about, (If you ever learn how to think.)
1. Poverty in America is always a CHOICE. Our homeless live better than the rest of the world. Kinda hard to imagine so many FAT people being in poverty.
2. Solution? Learn Macroeconomics and understand supply demand curves. Get Government out of the way and let the free market decide. Quit allowing the big corporations to legally price gouge, just for the privilege of buying votes from the stupid.
3. Most important: STABLIZE the dollar. The original oil spikes (and your parents probably weren't born when that happened) occurred after Nixon took the world off Bretton Woods, even though OPEC warned him not to do that. Oil is traded on US dollars only, because it is the world's reserve currency. That's what began the first oil shocks and price surges at the gas pump. And Democrats tried to call it a fuel shortages. Remember that inflation is too many dollars chasing too few goods.
1. Poverty in America is always a CHOICE. Our homeless live better than the rest of the world. Kinda hard to imagine so many FAT people being in poverty.
2. Solution? Learn Macroeconomics and understand supply demand curves. Get Government out of the way and let the free market decide. Quit allowing the big corporations to legally price gouge, just for the privilege of buying votes from the stupid.
3. Most important: STABLIZE the dollar. The original oil spikes (and your parents probably weren't born when that happened) occurred after Nixon took the world off Bretton Woods, even though OPEC warned him not to do that. Oil is traded on US dollars only, because it is the world's reserve currency. That's what began the first oil shocks and price surges at the gas pump. And Democrats tried to call it a fuel shortages. Remember that inflation is too many dollars chasing too few goods.
whowasthatmaskedman · 70-79, M
@Reason10 I was going to challenge you point by point on your remarks. But the only part you got right is Nixon reneging on the gold standard. And I dont think you will learn from my answers. But just so you know, Oil is NOT only traded in $US.The Arabs deal direct with China for a start.😷
whowasthatmaskedman · 70-79, M
@Reason10 Yes. Officially (so far) the US$ is the preferred reserve currency. But no longer the exclusive one. The BRICS alliance of trade nations has an alternate, which doesnt use US$ or US banks at all. and its gaining favour every month. It is predicted that between that and the Euro block, the US$ will have less than 50% of global trade by the end of 2026. And that has nothing to do with the price of fuel. That is a matter of the taxing and excise regime in Europe, where they tax to keep the fuel consumption and pollution down..😷