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Politics : Formerly About Advanced Micro Devices -- Ignore unavailable to you. Want to Upgrade?

To: Rarebird who wrote (1038562)	11/13/2017 2:25:50 PM
From: PKRBKR	Respond to of 1578184

The amount of poverty in this country is alarming. Why don't you compare our impoverished to those in China? Yes our form capitalism has warts but it is by far the best means to raise all boats.

To: Rarebird who wrote (1038562)	11/13/2017 4:53:58 PM
From: Tenchusatsu	Respond to of 1578184

Rarebird, In fact, communism was a success in China and achieved its goal of providing food, shelter, clothing and jobs for the masses, at a low standard of living. LOL, four words: The Great Leap Forward Tenchusatsu

To: Rarebird who wrote (1038562)	11/14/2017 11:20:10 AM
From: RetiredNow	Read Replies (2) \| Respond to of 1578184

Chinese communism has not lifted people out of poverty. It was when they started liberalizing their economy and instituting some semblance of market reforms that the creativity and innovation of capitalism started lifting the Chinese out of poverty. But there is something far more pernicious in China's form of capitalism. The Chinese miracle has been built on a house of debt fueled cards that is not sustainable. It will come crashing down at some point in the future. In addition, within the US, since we created the Federals Reserve in 1913, our own capitalism has been utterly perverted by the manipulation of money and interest rates. We no longer have capitalism either. We have a centrally planned economy and socialism. At best, we have crony capitalism and at worst, we have Fascism. But don't call what we have Capitalism. That, it is not. So the solution isn't to throw the baby out with the bathwater and embrace Socialism. That is the height of ignorance, when you see the unblemished track record of Socialism to destroy the wealth of nations when fully embraced. Look no further than Venezuela for a country that has all the resources it needs to be the wealthiest country in LATAM, and instead, their people are starving. Capitalism in the US has been the secret sauce that lifted our country to fantastic wealth and raised the standard of living of everyone in our country, so much so that our poor don't looks so bad compared to the poor from other countries. We're still a magnet for the poor from other countries, despite Trump's anti-immigration bias. Socialism is getting popular in this country, because there has been a general epidemic of amnesia and ignorance of history going on in this country. Time for all the Socialists to pick up some books on economic history and reacquaint themselves with the absolute disaster that Socialism brings. Choosing less Freedom for physical or economic security is almost never be the answer.

To: Rarebird who wrote (1038562)	11/14/2017 11:24:25 AM
From: RetiredNow	Read Replies (1) \| Respond to of 1578184

BTW, the markets are starting to crack. Inflation is on the rebound. Rate hike in December is baked in. QT is beginning with most CBs around the world. What are the charts telling you? Still bullish? Please let me know when your charts tell you something different. I'm curious if you will be able to accurately identify the inflection point when markets will go down significantly, by which I mean 10% or more. Maybe we can both be good Capitalists and make money from this.