John Stewart on the Media Ignoring Ron Paul
- Thread starter Tsing Tao
- Start date
This is the same type of hyperbole I hear from Al Gore. Only he says New York City will be under water in 15 years if we don't spend 100 trillion to fight climate change. When anyone offers such an extreme argument, you can rest assured they are wrong.
He most certainly is
True
For a trader, you know jacksh*t about economics. Do you know what's happening in Greece, Portugal, Spain, Italy and the UK, right now? Do you understand their situation is remarkably similar to ours, fiscally-speaking? Nations cannot borrow into perpetuity. Nor can they avoid the inevitable "re-structuring" when the market forces their hand.
Quote from Max E. Pad:
hahah. It was a good effort, tho. Two points for trying
No my friend. We are not anything like them. There is a distinct cultural difference between those countries and us and it has nothing to do with economics. Anybody that thinks we are going to end up like Greece has no understanding of the greek culture or their history.
Sorry, but you're totally wrong on both counts. First and foremost, this is an economics issue where the underlying fundamentals are nearly identical. Secondly, it's a culture issue, true. However, if anything, predictive indicators for social unrest are much higher for us than they are for Europe - higher crime rate, higher minority populations, higher rates of income inequality.
I'm not going to argue this with you but the situations are completely different. Our countries have nothing in common economically or culturally. You can't just compare debt to GDP ratios of two countries and say they are the same because their ratios are the same. It just doesn't work that way. But it's too late for me to go into this.