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Apr 14, 2016 20:19:36   #
lindajoy
 
You know Elwood and what he's all about or at least what he values.....I'm posting this from him, as just a statement of fact and food for thought or is it reality in the making for many years..If so, where are we headed??????

April 14, 2016
Panama City, Panama

“What is it about this place that makes it so poor?”

It was a simple question posed to me by a friend as we walked the streets of Managua, Nicaragua earlier this week.

Nicaragua is a lovely place. But it’s poor. Very poor. It’s the least developed economy in Central America... and that’s saying something.

But it’s worth considering: what makes an economy like Nicaragua so poor? And what makes others so wealthy?

Having traveled to nearly 120 countries, I’ve seen the full range of rich and poor nations. And I’ll tell you, it has nothing to do with natural resources or anything like that.

I often have meetings with senior ministers and government officials around the world who tell me all about the amazing resources they have in their country.

“We have so much forestry land,” or, “Our bauxite reserves are among the highest in the world…”

Irrelevant. Venezuela has incredible oil reserves. Yet they’ve been living in poverty for years.

(Now that oil prices are down the Venezuelan government has had to declare every single Friday a holiday because they can’t afford to keep the lights on.)

Ukraine has some of the most exceptional farmland on the planet. But the country is totally broke.

150 years ago, Hong Kong was a tiny village of illiterate fisherman.

50 years ago in Singapore they used to defecate in the streets, and visitors would have to step over rivers of feces in the downtown area.

25 years ago Estonia was still part of the crumbling Soviet Union.

None of those places has any resources to speak of. But they’ve become among the wealthiest in the world.

What’s the difference between Hong Kong and Ukraine? Singapore and Venezuela? Estonia and Nicaragua?

One of the things I’ve learned in my travels over the years is that wealthy nations do have some common characteristics.

The first set is cultural. Wealthy nations have a culture that values hard work. Knowledge. Productivity. Innovation. Risk-taking. Saving. Self-reliance.

I’m not trying to say that people in poor countries don’t work hard. Far from it.

The point is that if working hard and saving money are strong CULTURAL values (which tends to be the case in Asia), a country is going to do better.

Second, wealthy nations have much better institutions. The rule of law is strong. Private property rights are strong. Corruption is limited. Regulation is sensible. Taxation is reasonable and efficient.

It’s simple; no one wants to do business in a corrupt dictatorship.

Bad institutions drive away foreign investors. And as capital is one of the critical components of economic growth, choking off external investment suffocates an economy.

Last (and most importantly), wealthy nations have an “inclusive” economy.

This means that people aren’t medieval serfs toiling away for the establishment. If someone develops skills, works hard, and takes risks, they’ve got a good chance of moving up the socioeconomic food chain.

Economists call this “income mobility”. In the United States it’s known as the “American Dream”.

Yet all three of these factors are starting to disappear in the US… and in the West in general.

America’s self-reliant, risk-taking, hard working, pioneering culture helped propel it to become the wealthiest nation on the planet.

But these traits are rapidly vanishing, displaced by a culture that values instant gratification, consumer debt, and government handouts.

The institutions are faltering as well. Rule of Law is less predictable, with the government changing the rules in its sole discretion whenever it likes.

They pass new rules every day governing everything from what you can/cannot put in your own body, to how you are allowed to raise your own child, with much of it enforced at gunpoint.

And through an official form of theft known as Civil Asset Forfeiture, government agencies now steal more private property from people than all the thieves and burglars in the country combined.

This is banana republic stuff.

Most of all, though, it’s the economic structure that’s eroding.

The inclusive economy of America is vanishing. It’s becoming ‘extractive,’ meaning that the system is designed for the benefit of the establishment and rigged against the individual.

You can see this most notably in finance; central bankers have held interest rates down to practically zero for eight years in order to bail out large banks and the federal government.

Yet in doing so, they have decimated the prospects for retirees, responsible savers, and most of all, young people.

It’s no wonder that the Middle Class no longer comprises the largest segment of the US population, according to Pew Research.

Larry Fink, CEO of Blackrock (the largest asset management firm in the world) said that a typical 35-year old will now need to set aside 3x as much money for retirement as his/her parents did, simply because interest rates are so low.

And William Dudley, President of the Federal Reserve Bank of NY (and one of the most important Fed officials) recently remarked how the US is falling behind in terms of income mobility.

“The chance of achieving the American Dream,” he told his audience, “is not the highest for children born in America.”

That’s a pretty amazing statement, and it highlights how obvious (and important) these trends are.

Again, we’re not talking about ‘What If’. We’re talking about ‘What Is.’ And it has profound implications for your long-term prosperity.

Let’s explore this further in today’s podcast, as we discuss why this trend is really a massive opportunity in disguise to break away from convention and live a life with much greater freedom and prosperity.

Listen in here: http://www.sovereignman.com/podcast/why-is-this-country-so-poor-19081/

Until tomorrow,

Simon Black
Founder, SovereignMan.com

| Reply
Apr 14, 2016 20:55:20   #
lpnmajor (a regular here)
 
lindajoy wrote:
You know Elwood and what he's all about or at least what he values.....I'm posting this from him, as just a statement of fact and food for thought or is it reality in the making for many years..If so, where are we headed??????

April 14, 2016
Panama City, Panama

“What is it about this place that makes it so poor?”

It was a simple question posed to me by a friend as we walked the streets of Managua, Nicaragua earlier this week.

Nicaragua is a lovely place. But it’s poor. Very poor. It’s the least developed economy in Central America... and that’s saying something.

But it’s worth considering: what makes an economy like Nicaragua so poor? And what makes others so wealthy?

Having traveled to nearly 120 countries, I’ve seen the full range of rich and poor nations. And I’ll tell you, it has nothing to do with natural resources or anything like that.

I often have meetings with senior ministers and government officials around the world who tell me all about the amazing resources they have in their country.

“We have so much forestry land,” or, “Our bauxite reserves are among the highest in the world…”

Irrelevant. Venezuela has incredible oil reserves. Yet they’ve been living in poverty for years.

(Now that oil prices are down the Venezuelan government has had to declare every single Friday a holiday because they can’t afford to keep the lights on.)

Ukraine has some of the most exceptional farmland on the planet. But the country is totally broke.

150 years ago, Hong Kong was a tiny village of illiterate fisherman.

50 years ago in Singapore they used to defecate in the streets, and visitors would have to step over rivers of feces in the downtown area.

25 years ago Estonia was still part of the crumbling Soviet Union.

None of those places has any resources to speak of. But they’ve become among the wealthiest in the world.

What’s the difference between Hong Kong and Ukraine? Singapore and Venezuela? Estonia and Nicaragua?

One of the things I’ve learned in my travels over the years is that wealthy nations do have some common characteristics.

The first set is cultural. Wealthy nations have a culture that values hard work. Knowledge. Productivity. Innovation. Risk-taking. Saving. Self-reliance.

I’m not trying to say that people in poor countries don’t work hard. Far from it.

The point is that if working hard and saving money are strong CULTURAL values (which tends to be the case in Asia), a country is going to do better.

Second, wealthy nations have much better institutions. The rule of law is strong. Private property rights are strong. Corruption is limited. Regulation is sensible. Taxation is reasonable and efficient.

It’s simple; no one wants to do business in a corrupt dictatorship.

Bad institutions drive away foreign investors. And as capital is one of the critical components of economic growth, choking off external investment suffocates an economy.

Last (and most importantly), wealthy nations have an “inclusive” economy.

This means that people aren’t medieval serfs toiling away for the establishment. If someone develops skills, works hard, and takes risks, they’ve got a good chance of moving up the socioeconomic food chain.

Economists call this “income mobility”. In the United States it’s known as the “American Dream”.

Yet all three of these factors are starting to disappear in the US… and in the West in general.

America’s self-reliant, risk-taking, hard working, pioneering culture helped propel it to become the wealthiest nation on the planet.

But these traits are rapidly vanishing, displaced by a culture that values instant gratification, consumer debt, and government handouts.

The institutions are faltering as well. Rule of Law is less predictable, with the government changing the rules in its sole discretion whenever it likes.

They pass new rules every day governing everything from what you can/cannot put in your own body, to how you are allowed to raise your own child, with much of it enforced at gunpoint.

And through an official form of theft known as Civil Asset Forfeiture, government agencies now steal more private property from people than all the thieves and burglars in the country combined.

This is banana republic stuff.

Most of all, though, it’s the economic structure that’s eroding.

The inclusive economy of America is vanishing. It’s becoming ‘extractive,’ meaning that the system is designed for the benefit of the establishment and rigged against the individual.

You can see this most notably in finance; central bankers have held interest rates down to practically zero for eight years in order to bail out large banks and the federal government.

Yet in doing so, they have decimated the prospects for retirees, responsible savers, and most of all, young people.

It’s no wonder that the Middle Class no longer comprises the largest segment of the US population, according to Pew Research.

Larry Fink, CEO of Blackrock (the largest asset management firm in the world) said that a typical 35-year old will now need to set aside 3x as much money for retirement as his/her parents did, simply because interest rates are so low.

And William Dudley, President of the Federal Reserve Bank of NY (and one of the most important Fed officials) recently remarked how the US is falling behind in terms of income mobility.

“The chance of achieving the American Dream,” he told his audience, “is not the highest for children born in America.”

That’s a pretty amazing statement, and it highlights how obvious (and important) these trends are.

Again, we’re not talking about ‘What If’. We’re talking about ‘What Is.’ And it has profound implications for your long-term prosperity.

Let’s explore this further in today’s podcast, as we discuss why this trend is really a massive opportunity in disguise to break away from convention and live a life with much greater freedom and prosperity.

Listen in here: http://www.sovereignman.com/podcast/why-is-this-country-so-poor-19081/

Until tomorrow,

Simon Black
Founder, SovereignMan.com
You know Elwood and what he's all about or at leas... (show quote)




In most "poor" countries, one finds wealthy people. How do some get and stay wealthy, while the majority were born poor and stay that way? The answer is - power and control, i.e., he who has the power controls the wealth - and keeps it for himself.

Oil reserves were sold to foreign investors in Venezuela, and the bulk of the proceeds went into the private accounts of Government officials, not the National treasury. The people allowed this, because they had no choice - the same officials controlled the army and police - but they WERE given a bone - cheap gas and cheap imports. Now that the oil cow has all but dried up, all available income is going to support the lifestyles of - the same Government officials we referred to before - and the "bones" have been withdrawn.

In every single country that is considered "poor", we find wealthy individuals controlling those countries, which is WHY they are wealthy. African Government officials are making huge sums of money, selling natural resources that SHOULD belong to the people, but only enough is allocated to keep the palaces running, the police active and the military strong and the rest of the country must fend for itself.

I have personally witnessed aid meant for starving people, redirected to the military at a 2 trucks in 3 ratio. Why was this allowed? Simple, that was the only way to get ANY food to the people - power and control.

We see a very similar paradigm even here in the US - we're just thrown larger "bones".

| Reply
Apr 14, 2016 21:40:53   #
lindajoy
 
lpnmajor wrote:
In most "poor" countries, one finds wealthy people. How do some get and stay wealthy, while the majority were born poor and stay that way? The answer is - power and control, i.e., he who has the power controls the wealth - and keeps it for himself.

Oil reserves were sold to foreign investors in Venezuela, and the bulk of the proceeds went into the private accounts of Government officials, not the National treasury. The people allowed this, because they had no choice - the same officials controlled the army and police - but they WERE given a bone - cheap gas and cheap imports. Now that the oil cow has all but dried up, all available income is going to support the lifestyles of - the same Government officials we referred to before - and the "bones" have been withdrawn.

In every single country that is considered "poor", we find wealthy individuals controlling those countries, which is WHY they are wealthy. African Government officials are making huge sums of money, selling natural resources that SHOULD belong to the people, but only enough is allocated to keep the palaces running, the police active and the military strong and the rest of the country must fend for itself.

I have personally witnessed aid meant for starving people, redirected to the military at a 2 trucks in 3 ratio. Why was this allowed? Simple, that was the only way to get ANY food to the people - power and control.

We see a very similar paradigm even here in the US - we're just thrown larger "bones".
In most "poor" countries, one finds weal... (show quote)


The whole point of the article, well said, major and exactly where we are headed..Full speed ahead no less...

Guns taken, food shortages, more illegal "poor" to be our neighboring citizen and in a little more time the United States as it was, is no more....Control and suppression rule in a dictatorship..Where we are headed if not very careful..

| Reply
Apr 14, 2016 22:17:58   #
okie don (a regular here)
 
10-4

| Reply
Apr 14, 2016 22:28:36   #
lindajoy
 
okie don wrote:
10-4


:thumbup: :thumbup:

| Reply
Apr 14, 2016 22:40:06   #
moldyoldy (a regular here)
 
lpnmajor wrote:
In most "poor" countries, one finds wealthy people. How do some get and stay wealthy, while the majority were born poor and stay that way? The answer is - power and control, i.e., he who has the power controls the wealth - and keeps it for himself.

Oil reserves were sold to foreign investors in Venezuela, and the bulk of the proceeds went into the private accounts of Government officials, not the National treasury. The people allowed this, because they had no choice - the same officials controlled the army and police - but they WERE given a bone - cheap gas and cheap imports. Now that the oil cow has all but dried up, all available income is going to support the lifestyles of - the same Government officials we referred to before - and the "bones" have been withdrawn.

In every single country that is considered "poor", we find wealthy individuals controlling those countries, which is WHY they are wealthy. African Government officials are making huge sums of money, selling natural resources that SHOULD belong to the people, but only enough is allocated to keep the palaces running, the police active and the military strong and the rest of the country must fend for itself.

I have personally witnessed aid meant for starving people, redirected to the military at a 2 trucks in 3 ratio. Why was this allowed? Simple, that was the only way to get ANY food to the people - power and control.

We see a very similar paradigm even here in the US - we're just thrown larger "bones".
In most "poor" countries, one finds weal... (show quote)




Funny, this started out with Panama. Witness the Panama Papers and you see exactly what Major is talking about. Putin and most other world leaders hiding their wealth in foreign accounts through dummy corporations, or middle men.

| Reply
Apr 14, 2016 23:25:34   #
lindajoy
 
moldyoldy wrote:
Funny, this started out with Panama. Witness the Panama Papers and you see exactly what Major is talking about. Putin and most other world leaders hiding their wealth in foreign accounts through dummy corporations, or middle men.


Did you listen to the video?? The commenda, (sp?)a way to partner up with older people that had the finances to help invest...Profits splits, economic freedom was born and Venice is the one that took Europe out of the Dark ages...Dirt poor soon enough was improved...Just as the US built its empire~~designed where entrepreneurship gave everyone an opportunity to create wealth and prosperity..Flourish and gain through the actions of all peoples effort...

Achieved prosperity through freedom.....The lessor countries that lived under a dictator, the least to prosper....

| Reply
Apr 15, 2016 00:51:08   #
moldyoldy (a regular here)
 
lindajoy wrote:
Did you listen to the video?? The commenda, (sp?)a way to partner up with older people that had the finances to help invest...Profits splits, economic freedom was born and Venice is the one that took Europe out of the Dark ages...Dirt poor soon enough was improved...Just as the US built its empire~~designed where entrepreneurship gave everyone an opportunity to create wealth and prosperity..Flourish and gain through the actions of all peoples effort...

Achieved prosperity through freedom.....The lessor countries that lived under a dictator, the least to prosper....
Did you listen to the video?? The commenda, (sp?)a... (show quote)


I think most wealth was started with theft. This country supplied gold and silver to Europe. Africa did the same, also diamonds. Then we had slavery, free labor on the plantations. After that share croppers, more slavery, you owe your soul to the company store. Now we have Walmart and other corporations reaping rewards and starving the workers. Those dictators that you talk about are just peons controlled by the same thieves.

| Reply
Apr 15, 2016 01:00:28   #
PeterS (a regular here)
 
lindajoy wrote:
You know Elwood and what he's all about or at least what he values.....I'm posting this from him, as just a statement of fact and food for thought or is it reality in the making for many years..If so, where are we headed??????

April 14, 2016
Panama City, Panama

“What is it about this place that makes it so poor?”

It was a simple question posed to me by a friend as we walked the streets of Managua, Nicaragua earlier this week.

Nicaragua is a lovely place. But it’s poor. Very poor. It’s the least developed economy in Central America... and that’s saying something.

But it’s worth considering: what makes an economy like Nicaragua so poor? And what makes others so wealthy?

Having traveled to nearly 120 countries, I’ve seen the full range of rich and poor nations. And I’ll tell you, it has nothing to do with natural resources or anything like that.

I often have meetings with senior ministers and government officials around the world who tell me all about the amazing resources they have in their country.

“We have so much forestry land,” or, “Our bauxite reserves are among the highest in the world…”

Irrelevant. Venezuela has incredible oil reserves. Yet they’ve been living in poverty for years.

(Now that oil prices are down the Venezuelan government has had to declare every single Friday a holiday because they can’t afford to keep the lights on.)

Ukraine has some of the most exceptional farmland on the planet. But the country is totally broke.

150 years ago, Hong Kong was a tiny village of illiterate fisherman.

50 years ago in Singapore they used to defecate in the streets, and visitors would have to step over rivers of feces in the downtown area.

25 years ago Estonia was still part of the crumbling Soviet Union.

None of those places has any resources to speak of. But they’ve become among the wealthiest in the world.

What’s the difference between Hong Kong and Ukraine? Singapore and Venezuela? Estonia and Nicaragua?

One of the things I’ve learned in my travels over the years is that wealthy nations do have some common characteristics.

The first set is cultural. Wealthy nations have a culture that values hard work. Knowledge. Productivity. Innovation. Risk-taking. Saving. Self-reliance.

I’m not trying to say that people in poor countries don’t work hard. Far from it.

The point is that if working hard and saving money are strong CULTURAL values (which tends to be the case in Asia), a country is going to do better.

Second, wealthy nations have much better institutions. The rule of law is strong. Private property rights are strong. Corruption is limited. Regulation is sensible. Taxation is reasonable and efficient.

It’s simple; no one wants to do business in a corrupt dictatorship.

Bad institutions drive away foreign investors. And as capital is one of the critical components of economic growth, choking off external investment suffocates an economy.

Last (and most importantly), wealthy nations have an “inclusive” economy.

This means that people aren’t medieval serfs toiling away for the establishment. If someone develops skills, works hard, and takes risks, they’ve got a good chance of moving up the socioeconomic food chain.

Economists call this “income mobility”. In the United States it’s known as the “American Dream”.

Yet all three of these factors are starting to disappear in the US… and in the West in general.

America’s self-reliant, risk-taking, hard working, pioneering culture helped propel it to become the wealthiest nation on the planet.

But these traits are rapidly vanishing, displaced by a culture that values instant gratification, consumer debt, and government handouts.

The institutions are faltering as well. Rule of Law is less predictable, with the government changing the rules in its sole discretion whenever it likes.

They pass new rules every day governing everything from what you can/cannot put in your own body, to how you are allowed to raise your own child, with much of it enforced at gunpoint.

And through an official form of theft known as Civil Asset Forfeiture, government agencies now steal more private property from people than all the thieves and burglars in the country combined.

This is banana republic stuff.

Most of all, though, it’s the economic structure that’s eroding.

The inclusive economy of America is vanishing. It’s becoming ‘extractive,’ meaning that the system is designed for the benefit of the establishment and rigged against the individual.

You can see this most notably in finance; central bankers have held interest rates down to practically zero for eight years in order to bail out large banks and the federal government.

Yet in doing so, they have decimated the prospects for retirees, responsible savers, and most of all, young people.

It’s no wonder that the Middle Class no longer comprises the largest segment of the US population, according to Pew Research.

Larry Fink, CEO of Blackrock (the largest asset management firm in the world) said that a typical 35-year old will now need to set aside 3x as much money for retirement as his/her parents did, simply because interest rates are so low.

And William Dudley, President of the Federal Reserve Bank of NY (and one of the most important Fed officials) recently remarked how the US is falling behind in terms of income mobility.

“The chance of achieving the American Dream,” he told his audience, “is not the highest for children born in America.”

That’s a pretty amazing statement, and it highlights how obvious (and important) these trends are.

Again, we’re not talking about ‘What If’. We’re talking about ‘What Is.’ And it has profound implications for your long-term prosperity.

Let’s explore this further in today’s podcast, as we discuss why this trend is really a massive opportunity in disguise to break away from convention and live a life with much greater freedom and prosperity.

Listen in here: http://www.sovereignman.com/podcast/why-is-this-country-so-poor-19081/

Until tomorrow,

Simon Black
Founder, SovereignMan.com
You know Elwood and what he's all about or at leas... (show quote)

What causes poverty on a large national scale is political corruptness and a lack of political well by the populace. Take Mexico for example. The government has been bought off by the wealthy and the drug lords and it's easier to leave the county than to stay and fight for it. And when you go down your list of poverty struck nations you will find the same thing over and over. And one thing to note here it doesn't matter the type of economic system they propose to follow--capitalist or communist the result is the same--poverty!

| Reply
Apr 15, 2016 06:23:25   #
eden (a regular here)
 
lpnmajor wrote:
In most "poor" countries, one finds wealthy people. How do some get and stay wealthy, while the majority were born poor and stay that way? The answer is - power and control, i.e., he who has the power controls the wealth - and keeps it for himself.

Oil reserves were sold to foreign investors in Venezuela, and the bulk of the proceeds went into the private accounts of Government officials, not the National treasury. The people allowed this, because they had no choice - the same officials controlled the army and police - but they WERE given a bone - cheap gas and cheap imports. Now that the oil cow has all but dried up, all available income is going to support the lifestyles of - the same Government officials we referred to before - and the "bones" have been withdrawn.

In every single country that is considered "poor", we find wealthy individuals controlling those countries, which is WHY they are wealthy. African Government officials are making huge sums of money, selling natural resources that SHOULD belong to the people, but only enough is allocated to keep the palaces running, the police active and the military strong and the rest of the country must fend for itself.

I have personally witnessed aid meant for starving people, redirected to the military at a 2 trucks in 3 ratio. Why was this allowed? Simple, that was the only way to get ANY food to the people - power and control.

We see a very similar paradigm even here in the US - we're just thrown larger "bones".
In most "poor" countries, one finds weal... (show quote)


:thumbup:

| Reply
Apr 15, 2016 07:05:14   #
Workinman
 
lindajoy wrote:
Did you listen to the video?? The commenda, (sp?)a way to partner up with older people that had the finances to help invest...Profits splits, economic freedom was born and Venice is the one that took Europe out of the Dark ages...Dirt poor soon enough was improved...Just as the US built its empire~~designed where entrepreneurship gave everyone an opportunity to create wealth and prosperity..Flourish and gain through the actions of all peoples effort...

Achieved prosperity through freedom.....The lessor countries that lived under a dictator, the least to prosper....
Did you listen to the video?? The commenda, (sp?)a... (show quote)




Hello LJ hey you will never get the progressive left to understand, they are embracing failed policies from failing countries....for whatever reason they just don't want to believe that Capitalism, Hard work, self reliance, Morality and family values was and is the reason the United States of America became the Greatest Country the World has EVER seen.

| Reply
Apr 15, 2016 08:18:06   #
lindajoy
 
PeterS wrote:
What causes poverty on a large national scale is political corruptness and a lack of political well by the populace. Take Mexico for example. The government has been bought off by the wealthy and the drug lords and it's easier to leave the county than to stay and fight for it. And when you go down your list of poverty struck nations you will find the same thing over and over. And one thing to note here it doesn't matter the type of economic system they propose to follow--capitalist or communist the result is the same--poverty!
What causes poverty on a large national scale is p... (show quote)


I agree with this Peter...It doesn't matter what economic system is used because it is never distributed or put back into the economy..It is stolen from the people..The ones that keep it going to begin with and that is what's going on right here and has been for many years..A vicious cycle churning the wheels of Criminal Hill while we fight them over it....

Throw the bums out~~~

And Good Moring to you Sir..Now I read your posts and see that gorgeous day lilly~~ :lol: :lol: ;)

| Reply
Apr 15, 2016 09:25:56   #
lpnmajor (a regular here)
 
Workinman wrote:
Hello LJ hey you will never get the progressive left to understand, they are embracing failed policies from failing countries....for whatever reason they just don't want to believe that Capitalism, Hard work, self reliance, Morality and family values was and is the reason the United States of America became the Greatest Country the World has EVER seen.


You should have said "had", not "has" - as the US is no longer the greatest country in the world. In our minds yes, but not in reality. Capitalism DOES work - when proper restraints are applied, because leaving things up to the "patriotism" or "altruism" of the Capitalists, only leads to abuse - which is what we have.

Workers used to be considered a valuable resource, now they're considered a "business expense", to be minimized to maximize profit. Executive pay has risen 520% since the last time the Federal minimum was raised - that isn't capitalism at work - that is the "power and control" paradigm at work as favored by dictators and tyrants.

Consider corn; the farmers expenses are fixed and beyond their control, what they're paid for their corn harvest, is determined by commodities traders that have never even SEEN a farm, much less sweated or shed blood for. A severe drought is a "god send" for those holding corn futures, as they get to sell high due to the loss of crop - but the farmer gets the same amount whether it covers his costs or not. That's capitalism gone rogue - the farmers hard work is NOT rewarded - those gambling on his crop failure ARE. Don't even get me started on the tax payers paying non farmers owning "farms" to - not farm - a windfall orchestrated by the US Congress, who's members coincidentally own a large number of those "farms". That isn't capitalism either - that's organized crime crap.

| Reply
Apr 15, 2016 10:12:25   #
lindajoy
 
Workinman wrote:
Hello LJ hey you will never get the progressive left to understand, they are embracing failed policies from failing countries....for whatever reason they just don't want to believe that Capitalism, Hard work, self reliance, Morality and family values was and is the reason the United States of America became the Greatest Country the World has EVER seen.


I don't try, it is a futile effort..Let em have Sanders and then see...

I love this one by Kennedy~~what happened to that optimism and commitment to achieve in this great Nation of ours, Workin???



| Reply
Apr 15, 2016 10:16:37   #
lpnmajor (a regular here)
 
lindajoy wrote:
I don't try, it is a futile effort..Let em have Sanders and then see...

I love this one by Kennedy~~what happened to that optimism and commitment to achieve in this great Nation of ours, Workin???


If only we'd listened. :cry:

| Reply
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