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Michael Retour
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Posted: 01 October 2008 at 6:14pm | IP Logged | 1  

I would assume you wouldn't want to be born in say Rwanda?  Hmm?  You might find God if you were starving.  Just a thought.  My grandfather was an atheist until he was on his deathbed.  Boy, he was crying out for God to forgive him as he went.  That's life. 

I don't know and am not trying to goad you either Chris.  You have values but I don't know you well enough to know what they are.  I respect your input but found your comments about the amount of bodies piling up a bit cavalier.  Would you say the same about Holocaust victims?  I doubt it. 

I sure wouldn't.

I love people and don't like to see them die for no good reason except economic policy that has failed.  That's all. 

Take it easy,
Mike
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Christopher Alan Miller
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Posted: 01 October 2008 at 6:35pm | IP Logged | 2  

My comments were directed at your wild exagerations. There aren't millions dying daily from starvation. If there was the world's population would be falling like a rock. There have been people starving to death ever since the human race evolved. People dying in Rwanda isn't evidence of a global depression.
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Michael Retour
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Posted: 01 October 2008 at 6:51pm | IP Logged | 3  

You're right.  It is only 16,000 kids a day.  My mistake.  Malthus must have been trying to get in me.

I had to go waaaaay back for this Chris.

"Starvation.net states that 7,969,335 people have died of starvation this year, 85% of them are children under five years of age."

WHO, UNICEF, FAO and other have stats too.  Sorry for the confusion. 

Lack of basic nutrition worldwide, potable water, roads, rail, communications, electricity are all signs of global depression.  You just either don't want to see it that way or deny it outright.  What do you think they are signs of?  Bad moves on the part of dictators?  In the USA?  I don't know where you live but they don't even fix a lot of potholes in my city anymore.  Etc.  No money.  People go hungry here.  Is that because they don't like to work?  Don't like food?  What's your take?


Edited by Michael Retour on 01 October 2008 at 7:01pm
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Joe Zhang
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Posted: 01 October 2008 at 7:27pm | IP Logged | 4  

Long before all the current problems, the U.S. government borrowed several billions every day. This is international capital that could otherwise be invested in regions like Africa or South America and improve the lives of those people. Of course, there are many other reasons why investors shun the Third World ( tribal and ethnic warfare, government corruption, weak infrastructures.) 
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Michael Huber
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Posted: 01 October 2008 at 7:29pm | IP Logged | 5  

No profit...why does everyone not see that money is invested where a profit is perceived to be had?

Looks like the Senate bill is passing tonight.

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Michael Retour
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Posted: 01 October 2008 at 7:48pm | IP Logged | 6  

Mr. Huber you're telling me that building projects (say nuclear reactors) in the world would not be profitable?  Building rail is not profitable?  Water management projects are not profitable?  Odd, Siemens (in Germany) disagrees with you because they are going to do just that all over the place.  China is going to build these projects, with Siemens' help, all over China. 

Africa just needs low-interest, long-term loans and then you make a profit.  You know?  You get the goods out faster?  Get it?  Like we used to?  How old are you?  Ever seen a high speed rail car moving?  You live on the East Coast?  That would sort of unclog the airports here (high speed rail).  You know how much steel we would need? 

These sort of projects are profitable but politics enters the picture.  Some folks don't want any new Japans, South Koreas, etc. and have said so so development is withheld. 


Edited by Michael Retour on 01 October 2008 at 7:54pm
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Christopher Alan Miller
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Posted: 01 October 2008 at 7:50pm | IP Logged | 7  

Lack of basic nutrition worldwide, potable water, roads, rail, communications, electricity are all signs of global depression

++++++++++++++++++++++++++++++++++++++++++

If that's the sign of a global depression then we've been in one throughout human history.

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Michael Retour
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Posted: 01 October 2008 at 7:56pm | IP Logged | 8  

Heard about the Dark Ages Chris?  
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Jodi Moisan
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Posted: 01 October 2008 at 7:58pm | IP Logged | 9  

http://www.msnbc.msn.com/id/26963833/

This is the crap that I just don't understand. I love how they weren't expelled.

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Michael Huber
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Posted: 01 October 2008 at 8:09pm | IP Logged | 10  

Thrid world countries have ibeen in the shape they are in going back to when England, France and Spain were the global powers, and one of the reasons is these powers dominated the areas, and sucked as mucg natural resources and wealth from the areas as they could manage.

Building these things in areas wehere 72 ships have been attacked in a year not yet done, people routinely are dragged out fo their huts and have their extremeties hacked off in the village for all to see, and such tend to discourage investment capital.

Countries where children are perceived as a means of generating income and thus the population goes through the roof, discourage any increase in the quality of life. Incidently it also increases child mortality immensely.

More education, primarily to the women of the "world" has proven to decrease population problems. It's been proven that ecucation, smaller families and income are all tied together.

A nice side effect of better education is hopefully women are treated more equally, which has a long way to go in the third world.

I don't see how this is all the U.S's fault. It's all been in place before the U.S. officially existed. But I'm guessing it's our responsibility to fix it all, while at the same time not offending anyone globally by butting into their business and not minding our own.

I'm the first to concede we've made some really stupid blunders abroad, but I refuse to take responsibilty for the entire planet. Hell, I'm all for starting right here in my own county. Fix your own backyards first.

Edit: Just reread this and there's too many typos to fix, apologies.



Edited by Michael Huber on 01 October 2008 at 8:11pm
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Vinny Valenti
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Posted: 01 October 2008 at 8:23pm | IP Logged | 11  

I remember almost buying a house in New Jersey back in early 2001. A typical decent house in the 'burbs was going for around $180-220k. With the downturn of the IT industry around then, I got cold feet. After that, Greenspan lowered interest rates. Great for buying a house, right? Wrong. That only drove up demand and made houses ridiculously priced. So though the interest rate was out an all-time low, you still had a higher monthly payment, which is all that really matters. Plus, there was next to no hope for refinancing at a lower rate at a later date. I never understood why the lower rates caused a rush on houses, when people should have been paying attention to the resulting higher prices.

My sister bought a house on Long Island in 1998 for $250k and sold it in 2004 for $450k. That's just ridiculous. She took the money and bought a nicer house in Florida. Goody for her, but whoever bought that LI house must be crying now. She told me that I should by a house back then. I told her "No thanks, I'll wait until the real estate market crashes." Back in 2004 she thought I was crazy for saying that. Now, I'm far from an economic expert. Surely I wasn't the only one to realize that an almost 100% increase in value for a home in just 6 years is not in tune with reality?

Looks like lowering the interest rate helped lead to more harm than good in the long run.
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Christopher Alan Miller
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Posted: 01 October 2008 at 8:27pm | IP Logged | 12  

Heard about the Dark Ages Chris?

+++++++++++++++++++++++++++++++++++++

Yes. It refers to Europe in the centuries following the fall of the Western Roman Empire. It wasn't global.

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