Different Economics

Originally posted by normbenign
As we've seen, declines in the US dollar, can bleed over onto the world economy. There are hardly any "free" markets anywhere on the planet. Those that exist prosper, but are comparatively small.

The US economy is far from free, as when it declines, it begs for the central bank for aid.

What exactly is "unfree" about international currency markets?

Originally posted by no1marauder
What exactly is "unfree" about international currency markets?

They are not "free" because they are controlled by a small cabal of international bankers, who profit from trading currencies, and who aren't above giving each other notice when changes are about to happen.

You explain how banking collapses, as it did in 2008, and in short order after the infusion of public dollars, it is healthy again? No harm, no foul, except for the small investor or saver who got killed in the collapse.

And that doesn't include the government aid that routinely goes to the largest corporations to keep them afloat, when thousands of small businesses just take it in the rump when the government sponsored economy goes bust. In 2008 when thousands of small business owners joined the ranks of the unemployed, Congress and the President made sure that Big Three executives got their bonus checks, and kept their jobs.

Originally posted by normbenign
They are not "free" because they are controlled by a small cabal of international bankers, who profit from trading currencies, and who aren't above giving each other notice when changes are about to happen.

You explain how banking collapses, as it did in 2008, and in short order after the infusion of public dollars, it is healthy again? No harm, no f ...[text shortened]... d the President made sure that Big Three executives got their bonus checks, and kept their jobs.

LMAO! Since when is a market "unfree" simply because it can be dominated by those with the most resources? That sounds positively "socialist".