That's my nigga!

Here are two related videos I found while browsing the links from it..These people have it right too, especially the guy in the first clip.

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Originally posted by atbell "Banks have done very little for society but generate bonuses for themselves."

arguably, modern banking is one the most important factors in the speed at which technology and the world economy has expanded. banks are the primary intermediary that bring together those with excess capital and those with capital requirements. anyone who denies that vital role is a fucking retard.

investment banks provide the same capital alignment roles and also important hedging roles. almost every major corporation seeks to hedge their exposures to unwanted risks. they couldn't do it without investment banks. that provides certainty and job security. without hedging, certain businesses would be affected by unwarranted risks and jobs would be less stable (probably not on a huge scale, but even that it is relevant).

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Originally posted by jerZ07002 arguably, modern banking is one the most important factors in the speed at which technology and the world economy has expanded.

Speaking for the USA, we saw our greatest economic growth in the 19th century. Looking into your comment a little more, maybe that is not what you are trying to say. But real economic growth comes from actually producing things for a nations own citizens, as well as the world economy. This is something that the USA has been seriously lacking as of late.

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Originally posted by DOOMBOT Speaking for the USA, we saw our greatest economic growth in the 19th century.

Where did you get that stat?

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WORSHIP!

quote:

Originally posted by DOOMBOT Speaking for the USA, we saw our greatest economic growth in the 19th century

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"...End? No, the journey doesn't end here. Death is just another path...one that we all must take.
The grey rain-curtain of this world rolls back, and all change to silver glass...and then you see it...
...white shores...and beyond...the far green country under a swift sunrise."

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Originally posted by Fir3start3r

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Originally posted by DOOMBOT Speaking for the USA, we saw our greatest economic growth in the 19th century.

The US saw its greatest growth after WWI.

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Originally posted by DOOMBOT But real economic growth comes from actually producing things for a nations own citizens, as well as the world economy. This is something that the USA has been seriously lacking as of late.

that's not true. under that definition most asian countries wouldn't have growth because they don't produce things for their own citizens. Instead, they produce to export. Economic production is simply producing something someone else is willing to buy. The US produces tons of shit the world is willing to buy (food, natural resources, education, pop-culture, legal services, technological services, airplanes, heavy machinary, etc...)

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Originally posted by Fir3start3r

See United States Industrial Revolution.

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Originally posted by jerZ07002 that's not true. under that definition most asian countries wouldn't have growth because they don't produce things for their own citizens. Instead, they produce to export. Economic production is simply producing something someone else is willing to buy. The US produces tons of shit the world is willing to buy (food, natural resources, education, pop-culture, legal services, technological services, airplanes, heavy machinary, etc...)

Right, I understand that China exports more then it gives to its own citizens, which is why I included you must produce for either other nations or your own citizens. Because like you said, to put it simply, you need to produce something that someone else is willing to buy. Sorry if I wasn't clear about that.

The US produces a lot of things, I understand. But we consume way more then we produce, which is why we are currently in a world of shit. And our consumption has only been possible due to the massive amounts of inflation we've created. That, to me, is not economic growth. That is called digging yourself a major economic hole.

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Originally posted by DOOMBOT See United States Industrial Revolution.

See compounding interest. The more you have the more you make.

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WORSHIP!

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Originally posted by Brahman See compounding interest. The more you have the more you make.

I'm not exactly sure what that has to do with the industrial revolution in the US. Explain?