Parryx

I will answer only to the economic stuff because the other I say the same and you answer the same all time. If you say that neonazis aren't fascists then open a book. 1. Debt. Let's start from 0. GDP is production*prices of an economy. Nominal GDP (that is GDP without deflacting it) has in itself the effects of the inflation. That means that if prices increase 1% and production stays the same, the new GDP will be 1% bigger than before. When you say that debt will be reduced (real, not nominally) due to inflation that means that GDP will grow (due to inflation) so Debt/GDP will decrease because GDP will increase (because inflation will increase). What actually happened is that debt/GDP (debt over GDP) has increased. Not because a reduction on the GDP, but of a bigger increase on debt than the increase on GDP. The inflation effect is already in the nominal GDP so you can't count it two times. If inflation increased more than debt that would mean that GDP would increase more than Debt so Debt/GDP would reduce. What actually happened is that Debt/GDP increased during this time and is continue increasing. Why? Because increase of debt is bigger than increase of inflation so the debt isn't losing value, it is increasing. So you are not reducing debt, you are increasing it. No school of economics is against that because that is simply MATHS. Debt/GDP= Debt/(Price*Q) so, if Debt/(Price*Q) increases that means that increase in debt is bigger than increase in inflation so the debt doesn't lose value. Can you understand that? 2. About free trade agreements. It isn't anything about a school of economics. It's simply human behaviour. If you could produce the same with less costs would you choose that? Obviously. That was why tax border was created. To increase the cost and make it less profitable to move the industry to another country. That's why every state try to make free trades with countries with more cost of production than them. To take the production process and export the product to the other country. It's true that is happening with tax borders because there are some stuff that the cost production difference is HUGE so moving the plant of production is worth even with tax borders. But reducing/eliminating them it's not a solution. That's why free trade agreements with countries with less cost production isn't good idea.

1. I'm already tired of argumenting that. This would work if your debt remain stable or increased less than debt. Then among time (it would last for lots of years) you would be able to pay the debt. But the debt is increasing every time more than the devaluation of your currency, so it won't work. The simple proof that debt isn't reducing is just the debt over nominal GDP. Debt over nominal GDP has been increasing (2015 was 105%). Inflation also increases nominal GDP so debt over nominal GDP would decrease if inflation increase was bigger than debt increase. The simplest proof that debt is increasing more than inflation is that: Debt over GDP is increasing 2. The news say that Toyota decided to invest in Mexico in 2015, moving their plant of production of the Corolla from Canada to Mexico. After Trump tweeted against imported cars some days ago Toyota announces a 10b investment in USA. The news doesn't say anything about 2013. Those are facts, read the BBC also please. 3. No comments, i'm quite tired about that. Say what you want, most people in Syria don't want an Islamic government. 4. It's obviously true. China has most of your production because they moved the factories that were profitable to move. That means tax borders+cost of sending the product. If you make a free trade agreement with them you remove the tax borders so even more factories will move there because they will be more profitable to move there. Can you understand that? That is what happened with Obama and DR-CAFTA. If you increase tax borders (products produced in China are mainly for exports) then less factories will be profitable to move to China and export to USA so they will come back. Obviously this has a limit because you also have to import some products but doing free-trade agreements with countries with less cost of production than yours is a bad idea. ANY economist would say that. 5. Sure, joining EU was a bad idea but here we enter in politicians, how they lie people or do marketing so people vote them. I was just explaining EU policies and quotes of production so you can understand why Ukraine lost that much GDP. Russia has not troops. Some russian citizens moved to east Ukraine and asked to join the militias there but Russia hasn't troops there. As some people of Spain that went to west Ukraine to join ukraine army but Spain hasn't troops there, easy to understand. And obviously Russia gives money and weapons to novorossiya, as EU/USA does to Ukraine. My friend and his family didn't give their support to Russia. In fact they were against the russian adquisition of Crimea or the independence of east ukraine. The problem is that they are left-wing and members of the government are nazis so nazis tried to killed them not because they support Russia (because they didn't), because they were left-wing. Those aren't elements of fascism? Stabbing jews, burning left-wing people alive, banning all the left parties, shooting citizens because they are left? Hitler banned the communist party during the fake election he won, he sent sections of the SA to the voting posts to make people be afraid, killed and chased jews, shooted and killed political rivals. So yeah, Ukraine government is fascist. Putin also makes the same with the left parties in Russia, he ordered to beat and sent to jail the secretary of the communist party of russia. Is a fight between fascist governments. There are more schools. Obviously Austrian school isn't a school of economics, but there are others. Anyways, all of them would understand that if your debt increases more than inflation you don't reduce the real monetary value of the debt. That's easy. PS: As always you just ignore what you don't want to answer. You haven't answered why you said that Glass-Steagall is useless.

http://www.independent.co.uk/news/world/americas/us-president-barack-obama-bomb-map-drone-wars-strikes-20000-pakistan-middle-east-afghanistan-a7534851.html Really? You think that Glass-Steagall law was useless? Isn't it beneficial? And you claim that I don't know anything about economy, omg. As I said, Trump made some protective mesures (doing pressure on companies about coming back to USA), less intervention in foreign wars... That are positive things. He won't build the wall, he can't even pay what it costs. The wall already exists in some points of the border and he maybe will expand it a bit but as other presidents have done, nothing more, he lied on that.

I can't quote you so I answer like this. 1. Debt: IT IS A PROBLEM. You don't have a 300% inflation that makes the dollar don't value a shit and let you pay the debt. Interests of your debt are more than 5% and 10%. Tell me, HOW DO YOU PAY 10% INTEREST RATE WITH A 1%-2% DEVALUATION OF YOUR CURRENCY. I'm tired of saying real economical arguments and just get replied that it's not a problem. If you pretend to pay the interest rates and debt with devaluation of your currency you need to have more devaluation percentage than interest rate. That's obvious. Devaluation reduces the real monetary payment that you have to pay but interest rate increase it. Interest rate is currently a lot bigger than devaluation so how do you pretend to pay it. It's economy. 2. The new says what I was saying. Toyota since 2015 was planning to put a new plant, a new investment in Mexico. Trump tweeted after winning the election that if they don't come back to invest in USA he would increase taxes on their importations. After that they cancelled the investment in Mexico and announced a 10b investment in USA. That's a proof so there's no discussion there. 3. Say what you want to say but the majority of the population doesn't want a islamic government. And even they wanted so it's not good for the world and for them that they put terrorists ruling a country. Easy to understand. 4. That Obama did really bad on trade agreements is obvious. As I said (1st of economy lesson) if you open market with countries that have less cost production the industry will go there to produce because they have less costs and there is no border taxes (it's a free trade agreement). It's something obvious, companies prefer to pay less costs. That's why is a bad idea doing free trade agreements with under-developed countries, an example is DR-CAFTA. That's why nobody wants to do an agreement with China, for example, because in a week your whole industry would disappear. 5. I jump all the first part because you are just saying that is my opinion and has no value. I know much better than you how EU works. I know much better than you how cuotes of production in Europe works because I live there and I made lots of presentations about it because is what I study about. Search about Andalucia, the agricultural region of Spain that entered in collapse. Literally, when we accepted the cuotes of production of the EU. Now is one of the poorest regions of whole Europe, even compared to the east. Highest unemployment. Same is happening with Ukraine but harder because there the primary sector is even bigger. Ukraine joined EU because he wanted to run away from Russia. Not because of economic issues. And that caused huge damage in Ukraine economy for obvious reasons. Is economy, if you have a big sector on which depends most of population and GDP and this sector is restricted from EU because quotes of production your GDP reduces and unemployment increases. Is obvious. And it's not an opinion. When I say FACTS that just contradict your argument you just say it's an opinion. This is a FACT. Satellite showed weapons from Russia and trainers/officials from Russia. Not russian troops. They participate indirectly, not directly, as does EU/US with Ukraine. You said nothing about NAZIS in the government of Ukraine. Not reactionary that you can classify as fascists as it's Putin. Literally NAZIS that stabbed Jews, burned alive left-wing people. And you support this? When I was young I had an Ukraine friend here in Spain that went with me in school. When crisis arrived his parents lost their jobs because he worked in the construction and this whole sector in Spain just collapsed. They returned to Ukraine with their rest of family at a town in south of Kiev, more or less at the center of the country. His parents were left-wing activists, they were members of the Communist Party of Ukraine. When Maidan came up they were threatened to death after the Communist Party was banned. Members of Svodoba even shot at their car when they were driving around. They have to leave everything and leave to a close country and from there fly to Russia were they had some more family. They lost all their land, money and possessions. Everything due to some nazis that are in the government. They went to police before and the police laughed at them, literally. Svodoba controls the government and the defense and security: cops, army... They rule the country and do WHATEVER they want. As I said they burned an entire building burning ALIVE more than 50 people, even kids. Just because they were left-wing. They stabbed jews. And you don't say a shit about that. If Putin is fascist I don't imagine what is this guys that burn alive left people, jews and other kinds just because of political views. And please, read something about economy. Especially about the benefits/damages of free trade and protective mesures.

I don't care if somebody has class or not. When I choose a president (I am not from US and I wouldn't vote for Trump/Hillary) I choose him because of his policies. Not for his class or physical appearance. Trump's policies (what he has done for now) has been quite better than Obama's. Obama was the president that deported more people, even more than Bush. That's a fact. He made free trade agreements with under-developed countries making deindustrialization even worse. He didn't do anything about he said of helping illegals or reducing poverty. He increased the military spending and increase a lot the debt. He bombed countries that he shouldnt have bombed in Middle Eastern and contributed to it's destabilization. Trump at least has started to do some protective policies that will help, he said that he wanted to recover the Glass-Steagall law, that would be something great for USA. The Glass-Steagall law would have minimized the effects of the crisis, that's why it was made after 1929 crisis but it was removed in 1999. Also Bernie Sanders wanted to recover this law, but not Hillary. Also he said that wants less intervention in foreign wars, that would be also good for USA, you have more than 105% of debt and it's increasing every time. I understand that you dislike Trump's manners but for now he has done it better than Obama in policies (he hasn't build the wall or strenghten the immigrant rules but he has done some good policies, so at the moment is good). The bad thing he did is about healthcare. I understand that you hate him, I also do, but saying that he is dumb isn't something smart because you underestimate your opponents. If I had to support one of the candidates I probably would supported Sanders, it's the most close to european socialdemocracy but I don't like him neither.

Obviously he is not dumb. He won an election while all polls gave victory to Hillary. He said what was smart to say to gain votes (protective laws to the unemployed in the rust belt, talking about what Hillary said that they created ISIS, bad foreign affairs policy of Obama...). He won when all polls were against him because he was smarter than Hillary. That's obvious. He is shit and is a bad person but that doesn't mean he is stupid. PS: In fact, thinking that he is dumb, that he is stupid is just underestimating your opponent. That is dumb

1. About debt: You can argue one thing or another but Obama did nothing to solve the situation of this debt-cycle, he just continued it, making it bigger. 2. Toyota announced the 10b investment in 9 January 2017, after Trump won the election and all knew that he was going to rule. He said that so all the companies thought that was going to be real so they announced investment in USA. Toyota is one of the examples but if you continue to make protective trade policies more companies will return because you are the main saling market of this companies. 3. About Middle Eastern. I don't get your point. If I have to choose between ISIS and Assad my choice is clear. You can argue that Assad is bad an sure it is but also Syria was the country more similar to west. No islamization of the state, public structures like healthcare, education... etc. Before Islamic states same was with Iraq, Libya, Afghanistan. Libya was the country with the highest HDI of Africa; check about Saur's revolution in Afghanistan that tried to deislamize the society giving women's rights, improved education and healthcare... and same happens with Iraq. After coming in the talibans or other islamic groups now people just run away from that countries. So, why should be good for Syria to give support to islamic rebels? The group of non-islamic rebels is small because the main fighters of the FSA is mainly fighters that come from Pakistan and other countries to give support to islamic groups. Non-islamic rebels are mainly syrian because they were educated in a laic state and a view of society more close to west but they are a minority in FSA and other groups. 4. Obama did really bad. As I said he made free trade agreements with underdeveloped countries making companies go there to produce. I don't get how this is doing good. Instead he should try to make a free trade agreement with EU that would be beneficial for USA because in EU cost production is higher and we are a good market to sell (we've got more purchasing power than underdeveloped countries). And he tried this with TTIP but it failed. So, the only thing that had to do for benefit it failed and he did other bad things as I said about DR-CAFTA 5. Foreign relations. It wasn't all controlled from Moscow. In fact USSR was quite decentralized, they even had like a "Senate" were the different SSR were representated. Russia gave this territory to Ukraine because they wanted a better sea contact so if they claim to recover it is legitimated. They didn't change the presidents, they made a coup, they quit the last president (chosen by election) and banned other opposition parties (as the Communist Party, for example). Then they made an election which was caracterized by non participation of the east (they became independent) and with irregularities so the president it's not legitimated. EU said that if Russia attacked Ukraine or participated in the war they would attack because they say the conflict needs to be resolved only by Ukraine. That's why I say Russia isn't attacking directly, he is giving guns to Novorissya. Hey, I don't know were are you from but I'm sure not from EU. The problem with agriculture and primary sector in Ukraine is huge because of the EU cuotes. I don't think you know that because in Spain we suffered A LOT because that. When you try to enter to EU you have to enter to the free-trade market so every country has their own objectives. The main countries that already are in the EU try to apply the lowest cuotes of production to the new ones in order that they can't produce a lot and they just import from the EU making the old EU countries increase exports. In primary sector (mostly agriculture) the ones who rule there are mainly France, Germany and UK. When Spain entered to the EU we had to close most of the farms because they gave us really low cuotes of production (France is huge in that sector) and the same happened with Ukraine. The difference of Ukraine is that has no industry, construction or turism like we had here. Ukraine is mostly agricultural, that why it was called to be the barn of eastern europe. When they put the cuotes of production the economy collapsed. There is a good documentary about that, I remember that an owner of a chicken farm said that he had to close his business after that. The cuote of production for chicken for the WHOLE Ukraine that EU gave them it was just the 5% of his production before enter the EU. Also they lost their main trade partner, Russia. So it's not about war, that also, it's more about cuotes of production and losing exportations to Russia. And bro, you say that Putin is fascist, that I agree, but Ukraine government is even more fascist. I just remind you that some of the members of the Government are from a Nazi Party. Literally, a NAZI Party. Svodoba. This party is literally Nazi. They have pictures of Stephan Bandera, who just made genocide to jews and polish people and gave support to Hitler during II WW. Their symbol is the symbol of a collaboracionist group during Hitler's ocuppation. I just say that after the coup and that president left the country jews associations said that agressions to jew (mainly stabbing) increased a lot. Ministers and members from the Government that are from Svodoba: Andrei Parubiy (National Security and Defense, he founded the Nationalsocialist Party of Ukraine before being in Svodoba, in fact Svodoba absorbed the SNPU), Dimitri Yarosh (also Security and Defense, member of Pravi Sektor, another nazi party that, affter the Maidan success closed a Union office with all the sindicalists inside and burn it all, killing more than 50 people burned alive), Alexander Sych (First Attached Minister, Svodoba), Igor Tenyuk (Minister of Defense, Svodoba), Serguei Kvit (Minister of Education, Svodoba), Andrei Mojnyk (Minister of Ecology and Natural Resources, Svodoba), Igor Chvaika (Minister of Agriculture and Alimentation, Svodoba), Dimitri Bulatov (Minister of Youth and Sports, member of UNA-UNSO, political group that is more like a paramillitary group), Oleg Maknistky (Attorney General, Svodoba), Tatiana Chornovol (President of the National Comission of Anti-corruption, UNA-UNSO). Lot of people close to me and my family has suffered a lot because of that, they were left-wing sindicalists. Socialists, etc. and they were punched and beaten by members of the political party that has a great influence in the government (because they pacted with the Poroshenko group). Now Ukraine is turning nazi every time. There are pictures of Stepan Bandera in the streets, a mass murderer that allied with Hitler so yeah, I obviously have fear of a Nazi country in EU. And Jews associations said that stabbings and murder of jews are increasing a lot. If you check the parlamentary groups of the Rada in Ukraine (https://es.wikipedia.org/wiki/Rada_Suprema) you will see that. All left parties (izquierda in spanish) are banned, you will see that there are only right (derecha) and center (centro) parties because all the rest were literally BANNED, like Hitler did during the "elections" that he won. So both countries, Ukraine and Russia are ruled by fascists, with the difference that Svodoba, Pravi Sektor and UNA-UNSO are publically NAZIS. And yeah, as I said more things like criticize him because of trade agreements (at the moment he has done it good), or making protective laws to try to bring more industry to the country is good. You can criticize other stuff like all his reactionary stuff. That isn't refutable because is a subjective opinion. What I did is refute all your other argumentation that can be refuted easily. I understand that you don't like Trump but next time choose a good candidate to fight him, not somebody like Hillary. I think that maybe Bernie could have done it better.

1. About debt: Even during Bush legislature the debt wasn't to pay wars. It mostly was to pay interest of past debts. Now happens the same, you need to get more debt to pay the interest of past debts making it every time bigger. And Obama is big fault about that. http://www.datosmacro.com/deuda/usa Check in "Evolución deuda sobre el PIB". The graph shows that Obama started with 73% and left with more than 105%. 2. Sorry if you don't understand me because of bad english. I meant: Trump said that if they don't come back some of the investment (Toyota announced more investment in Mexico) he would increase the taxes on the importation of their products, making them reduce the competitiveness compared to same products of other companies. That was why Toyota came back and other companies with more investment. The news about that is: http://www.foxnews.com/politics/2017/01/09/toyota-announced-10-billion-u-s-investment-days-after-trump-warns-company.html. They started with an investment of 1.3b http://www.cnbc.com/2017/04/10/toyota-announces-record-investment-in-kentucky-plant.html in Kentucky and they said will increase it to 10b in 5 years. If you don't like Fox News also look here: http://www.reuters.com/article/us-usa-autoshow-toyota-idUSKBN14T1NN or BBC http://www.bbc.co.uk/news/business-38550492. It's real and it's something of common sense, Toyota would lose a lot of profit in US if this happened. 3. About Middle Eastern. Assad hold an election and there were international witnesses so it was completely legal. Ok, even so you can say he is a dictator and that he committed war crimes. But the oposition isn't democratic oposition. As happened before in Libya, Iraq, Afghanistan... the oposition are radical islamic groups because Assad can be really bad but leads a laic state and has pursued all yihaddist terrorists and is currently fighting ISIS. There is some small group that can be pro-west but they are a minority as happened in Iraq, Libya... Most of the groups are actual radical islamic like Al-Nusra (the Al-Qaeda group of Syria), etc. That's why the border between territory of the rebels and ISIS didn't move. There are no fights, no soldiers... If you make a research you will find out that all the christian communities in Syria give their support to Assad just because in the oposition side they murder them. They cut their head. http://www.huffingtonpost.com/michael-hughes/us-support-for-al-qaeda-l_b_10089410.html. And please, you just didn't mention all the stuff that made Hillary. He even recognized they created ISIS. And don't minimize Obama's actions in Middle Eastern that caused a lot of damage. 4. About agreements. Obama did really bad with agreements. As I said previously he accepted free trade agreements with underdeveloped countries. Imagine that US makes a free trade agreement, not a single border tax, with China. What would happen? China has really competitive products, the cost of production is ridiculous compared to developed countries with higher wages. Most industry will close, the productive sector of the country would disappear and, at the end, people will have no money to spend because nothing would be produced in the country. Free trade agreements with countries with less cost production than yours will lead to deindustrialization, it's something that students learn in 1st of Economy. Obama, as I said, made free trade agreements with underdeveloped countries like the DR-CAFTA agreement that he expanded to more underdeveloped countries. Until now Trump hasn't made any trade agreement so you can't say it's bad on that. 5. About foreign relations. I think you don't understand the Ukraine-Russia conflict. The Russian Soviet Federation, during USSR, gave Crimea to the Ukraine Federation because they didn't have a big port so they have better sea contact. All the east of Ukraine is mainly russian because like 80% are russian ethnic citizens, so when Ukraine entered in conflict with Russia obviously they supported Russia. And Russia isn't attacking Ukraine, if it did so EU and US would respond this attacks as they said. Russia is backing the rebels in the east countries (Novorossiya) with guns and money, as EU and US is doing in Ukraine. Also all the countries of Novorossiya made a referendum to decide if they wanted to become independent and they won. In fact Ukraine economy (west ukraine) has come to collapse because of the EU dues of production. I know about that because in Spain we also suffered that. In Ukraine has been devastating because the main production was of the primary sector and EU limited all this production. "Our economy's fine"? Are you kidding? You have the biggest debt of the world, you can't pay it, you have to increase the debt every time to pay the interests in a non-stop cycle. You have lot of poverty and social inequality. Really? PS: I'm not Trump supporter but neither supporter of Obama/Hillary. I've never understood why you criticize him with fake facts, I mean, he has done really bad things and you don't criticize that, you just make up things or criticize him for stuff that past president or the other candidate did even worse.

They can dislike him but they won't kick him because is the candidate that gave them the victory when polls were in favour of Hillary. And he has some strong support among the people that vote him (as you said after, this 36%), maybe not all who voted him but some really like him so they won't risk to lose that votes kicking him. In another election if they lose a big amount of this 36% they would lose the election. American economy is already really bad. You have 105,61% of GDP of public debt (that increased a lot during Obama legislature), in percentage is one of the countries with highest debt of the world. You have a deindustrialized country not only because the less costs in underdeveloped country, also because of free trade agreements with countries with countries with less costs like Mexico, DR-CAFTA, etc. This means that you have a tertiary economy, like most developed countries, but even worse because of stupid free trades agreements. That caused a huge deindustrialisation in rust belt that gave the victory to Trump. In this states, previously democrats, Trump won them all because Obama promised to solve this situation but instead of that he made more agreements expanding the DR-CAFTA with more underdeveloped countries. Instead Trump has started to become more protective with economy, telling some companies that if they don't come back to USA to invest he would put high taxes to them. That happened with Toyota that after they said that they would invest in Mexico (to export USA but producing in Mexico, that means that profits stay in Mexico) Trump said that he would put high taxes making their products less profitable to sell in USA. Inmediately Toyota announced to cancel the invest in Mexico and announced and investment of at least 10.000 milion dollars in Detroit, helping to recover some of the industry. Also about Middle East he isn't destabilizing. Instead he is doing the opposite. He announced to stop giving guns and training Syrian rebels, most of them actually yihaddists and Islamic terrorists. He announced to support Qatar in his approach to Iran, making less powerful the Sauds that are giving guns and money to ISIS. Not like Obama that did REALLY bad in Far East like in Libya (https://www.theguardian.com/us-news/2016/apr/12/barack-obama-says-libya-was-worst-mistake-of-his-presidency), Syria (http://edition.cnn.com/videos/world/2014/10/13/tsr-dnt-todd-isis-video-recruits.cnn/video/playlists/isis-reign-of-terror-new/) were ISIS have tends of the US army, (http://www.globalresearch.ca/where-does-isis-get-all-those-tanks-weapons-and-shiny-new-toyota-trucks/5490040) or like Hillary (https://www.youtube.com/watch?v=SYKD_Qjhcwg). And a lot more examples. I'm not a Trump supporter but you can criticize him with real facts, not need to lie. About the economy the whole world is going to explode. We all have huge debts, lower productivity, terciary economy... And purchasing power of citizens is decreasing every time while profits of companies increase. Trump isn't going to leave or be kicked in 2018 because at least in economy stuff he is doing it better than Obama at the moment and also in foreign affairs. I don't know the social policies if he has done much but there's not a social conflict situation in USA to make leave Trump. Obviously you are in a really bad situation in economy but that has been there for a lot of time. In 2009 for example 44% of homeless were employed, meaning that wages are shit; lots of people under poverty or that can't have access to healthcare, housing...

Thanks! I posted that just in case there is someone that wants to defend the austrian school because I've never known a single one that haven't run away when showing some empyrical proof hahaha

I am not native english so sorry if my english is bad. Well, as title says, what do you think about the business cycle theory of the austrian school? This theory says that periods of low interest rate (so the Central Bank and banks are creating more credit) cause the recession periods. PS: I'm also new to the game and it's great!