Did capitalism helped end or prolong slavery in the US and elsewhere

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mheslep
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... The national debt that is backed by the taxpayers is impossible to pay off because it's a perpetual exponential debt which is why it has never decreased since they created the central bank. ...
That's misinformation. Please review the guidelines.

514px-USDebt.png
 
ATTC
That's misinformation. Please review the guidelines.

514px-USDebt.png
Who are you trying to fool?

The dollar has lost 95% of its value over the last 100 years. The wages has not even close to kept with that pace which is why the purchasing power of the dollar is weaker than ever before.

The money supply is inflated at a rate much higher than the actual growth of goods and services, and wages have not kept up
 
russ_watters
Mentor
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The wages has not even close to kept with that pace... (inflation pace]

The money supply is inflated at a rate much higher than the actual growth of goods and services, and wages have not kept up
Both of those are factually wrong as well.

Please provide sources or retract the claims.

It is possible that you are just confused, as some of your claims contradict each other, but either way, you can't continue like this.
 
ATTC
Both of those are factually wrong as well.

Please provide sources or retract the claims.

It is possible that you are just confused, as some of your claims contradict each other, but either way, you can't continue like this.
Again who are you trying to fool?

Year Gross Debt in Billions as % of GDP
1910 2.6 n/a
1920 25.9 n/a
1930 16.2 n/a
1940 43.0 52.4
1950 257.4 94.1
1960 290.5 56.1
1970 380.9 37.6
1980 909.0 33.3
1990 3,206.3 55.9
2000 5,628.7 58.0
2001 5,769.9 57.4
2002 6,198.4 59.7
2003 6,760.0 62.5
2004 7,354.7 64.0
2005 7,905.3 64.6
2006 8,451.4 64.9
2007 8,950.7 65.5
2008 9,985.8 70.2
2009 (est.) 12,867.5 90.4
2010 (est.) 14,456.3 98.1
2011 (est.) 15,673.9 101.1
2012 (est.) 16,565.7 100.6
2013 (est.) 17,440.2 99.7
2014 (est.) 18,350.0 100.9




The nation debt has grown exponentially ever since the creation of the Fed and the only time it declined was when Andrew Jackson killed the bank. There was nothing good for the common citizen about the 1st or 2nd national banks and the system we have now is clearly not in the best interest of the public which is why it was born in secrecy and presented under false pretenses. They used fear to sell the idea of the Federal Reserve in the same way they used fear to sell the public on the bailouts. It's a huge scam.


And just saying Im uninformed just shows how uninformed you are on this matter


It's an inherently flawed system with a debt that can never be repaid. And in a system where the amount of money grows faster than the amount of goods and services it inevitably leads to price inflation. And when price inflation grows faster than the wages of the people, it highlights even more the loss of purchasing power of the dollar. Sure in some industries such as buying a computer, prices have gone down and quality has improved. But overall when it comes to land, resources, overall, there are far more negative impacts than positive ones.
 
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mheslep
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Again who are you trying to fool?

Year Gross Debt in Billions as % of GDP
1910 2.6 n/a
1920 25.9 n/a
1930 16.2 n/a
1940 43.0 52.4
1950 257.4 94.1
1960 290.5 56.1
1970 380.9 37.6
1980 909.0 33.3
What was your point in posting debt as % of GDP if you don't want to accept that it declined, drastically after WWII? Also, what is the point of posting absolute debt figures over a hundred years in http://en.wikipedia.org/wiki/Real_versus_nominal_value_%28economics%29" [Broken]terms, that is uncorrected for inflation? To illustrate, the 1910 figure, $2.6B, was a lot of money back then, but in today's money Bill Gates could pay it off in an afternoon.
 
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Integral
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Science Advisor
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This thread has wondered of topic.

Locked

Perhaps someone should start a thread on the economy and banks if there is interest.
 

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