Watch This PIG Hispanic Reporter Troll Get B!tch Slapped By Black And White Dudes!

The Thinker said:

When a specific products gets to be ubiquitous around the world, it usually reaches Price Point Parity (PPP). That is, it costs the same everywhere when adjusted for currency conversion. Of course, it's not 100% accurate, but within a handful of points for minor and country-specific variations.

I submit to you the same will happen with labor. Eventually, when globalization itself is "ubiquitous", the cost of labor, raw materials and other factors will equalize. Again, that leaves only one direction for the USA to go in: down.

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georgephillip said:

Congratulations on your decision to return to school; Marx was wrong about some things, but not about how changes in economic relations drives Human History, imho.

I know I'm sounding like a broken record on this topic, but I can't shake the feeling much of the problem with globalization can be attributed to "the miracle of compound interest."
http://www.zerohedge.com/news/2014-12-02/morality-and-legality-debt-jubilee-part-i
"Our nations (Western nations) are rapidly going bankrupt. This is not a suggestion or an assertion. It is a simple fact of arithmetic, for anyone capable of operating a calculator, and who can understand the concept of 'compound interest'. Indeed, the bankruptcy of these already-insolvent regimes has only been delayed via permanently (fraudulently) keeping interest rates frozen at near-zero – to minimize their already gigantic interest payments."
Leftist economists like Michael Hudson and RD Wolff maintain contemporary Business Schools downplay the role of Economic History in their curriculum.

Since ancient Sumer it has been proven countless times how the exponential compounding of debt will bury productive economies unless there are periodic debt jubilees.

I think that's where we are today.
There is simply too much debt that can not be repaid.
Debts that can't be repaid won't be repaid.
The big question is which economic class will take that hit?
http://store.counterpunch.org/wp-content/uploads/2015/08/Killing-The-Host_PDF_V7.pdf (p. 31)
"The exponential growth of savings (= other peoples’ debts)

"One of Adam Smith’s contemporaries, the Anglican minister and actuarial mathematician Richard Price, graphically explained the seemingly magical nature of how debts multiplied exponentially. As he described in his 1772 Appeal to the Public on the Subject of the National Debt: Money bearing compound interest increases at first slowly. But, the rate of increase being continually accelerated, it becomes in some time so rapid, as to mock all the powers of the imagination.

"One penny, put out at our Saviour’s birth at 5% compound interest, would, before this time, have increased to a greater sum than would be obtained in a 150 millions of Earths, all solid gold. But if put out to simple interest, it would, in the same time, have amounted to no more than 7 shillings 4½d."

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The Thinker said:

As globalization admittedly creates winners and losers, the first world countries are the ones with our heads on the collective chopping block. What better way to insure the losers lose than saddling us with debt accumulating via the "magic" of compound interest?

We will have to pay that debt off somehow. So what will it be? In cash? Doubtful? How about crippling concessions to globalization forces? Likely.

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If it's true 90% of Americans are indebted to the other 10% of Americans, I would the burden of that hit should fall on those most able to absorb it.

The Thinker said:

I suppose there would be two schools of thought on why race relations have gotten worse under president Obama.

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EatTheRich said:

Have they? Possibly. Certainly open expressions of racism in mainstream outlets seem to have gotten more common. But I think another thing that's happened, and that's what you see reflected in the Black Lives Matter movement more than worsening race relations, is people waking up to how bad they've been all along.

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The Thinker said:

Indeed, pointing out the hatred many blacks have been carrying around and are now putting on display is a good place to start.

It appears you should read up on polls that track race relations. But yes, I'm sure you'll want to blame most if not all of it on whitey and not Barack Obama's incendiary and divisive comments.

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