Holy christ i can solve the Economy.

[sneakypenguin]

In this case it was the oil companies who saw what was coming and decided to grab as much money as possible because their meal tickets in the White House were about to leave.

I would submit that gas in my town was 139 in November 08 now its gone up 60 cents in 3 weeks and its hovering at 259. I don't quite think that resident of the white house has anything to do with it.


*I say gas hits the 100 a barrel mark again soon.

Well if he has any controll over interest rates then yes he does have something to do with it, does he have any control over interest rates (im from the uk)

Controlling interest rates would have nil effect on the price of gas, other than inflation. Interest rates just controls the money supply by adjusting the rate at which banks get loans. If you want to give the economy a shot you lower them, but pay with inflation. If you want people to invest in your currency you raise them but this lessens the amount available to loan, slowing the economy. *theoretically

If you where talking about the econ as a whole lowering rates wouldn't really help as they are already around 1% IIRC. The prez doesn't control interest rates the treasury does (a pseudo private group of people that meet every quarter or so).

 

[BenMcMichael]

In this case it was the oil companies who saw what was coming and decided to grab as much money as possible because their meal tickets in the White House were about to leave.

I would submit that gas in my town was 139 in November 08 now its gone up 60 cents in 3 weeks and its hovering at 259. I don't quite think that resident of the white house has anything to do with it.


*I say gas hits the 100 a barrel mark again soon.

Well if he has any controll over interest rates then yes he does have something to do with it, does he have any control over interest rates (im from the uk)

Controlling interest rates would have nil effect on the price of gas, other than inflation. Interest rates just controls the money supply by adjusting the rate at which banks get loans. If you want to give the economy a shot you lower them, but pay with inflation. If you want people to invest in your currency you raise them but this lessens the amount available to loan, slowing the economy. *theoretically

If you where talking about the econ as a whole lowering rates wouldn't really help as they are already around 1% IIRC. The prez doesn't control interest rates the treasury does (a pseudo private group of people that meet every quarter or so).

Okay let me see, an increase in interest rates (other things remaining the same) will stregthen the dollar in comparison with other currencies. This will then make the price of imports less and export prices become higher. If the usa imports a large percentage of its oil and gas (from the middle east i.e. OPEC and russia) then guess what, the price of imported gas and oil should be cheaper. Yes OPEC could collaborate and force the price higher by withholding suply of oil. But that change in interest rates does affect the price if its an import. Which does have an effect on inflation, Cost push inflation goes down as a decrease in the cost to US firms as imported oil is cheaper. As well as the demand side reduction in inflation due to less incentive to lend money from banks leading to a fall in consumption and eventually other things remaining the same aggregate demand.

 

[Sindre1]

I....christ...no.

Bad.

I think we need a little facepalm in this thread.

I agree.........*FACEPALM*

Spoiler: image

DOUBLE?
I raise you!

Spoiler: image

 

[Mad Maniac with axe-firing chainsaw]

I'll stuff it in my "quick economic fixes to stop Hitler coming to power" pile of solutions. Its not ideal, but I suppose if we were really stuck...

At the moment I'd rather be poor though...

Note: Hitler came to power by exploiting economic difficulties, thats where the reference is from.

 

[sneakypenguin]

]

Okay let me see, an increase in interest rates (other things remaining the same) will stregthen the dollar in comparison with other currencies. This will then make the price of imports less and export prices become higher. If the usa imports a large percentage of its oil and gas (from the middle east i.e. OPEC and russia) then guess what, the price of imported gas and oil should be cheaper. Yes OPEC could collaborate and force the price higher by withholding suply of oil. But that change in interest rates does affect the price if its an import. Which does have an effect on inflation, Cost push inflation goes down as a decrease in the cost to US firms as imported oil is cheaper. As well as the demand side reduction in inflation due to less incentive to lend money from banks leading to a fall in consumption and eventually other things remaining the same aggregate demand.

Indeed but the amount of change needed to effect oil prices IMO takes it out of the hands of the treasury. Over years you would see a decrease theoretically (all things staying the same) but still we can't raise interest rates at the moment so we are stuck at the mercy of OPEC and Russia and chavez among others.

 

[DeadlyYellow]

By technical terms we're still at war with North Korea and Vietnam wasn't a war.

Ah yes, I had forgotten that little factoid. I had initially thought you were referring to the current incursion in the Middle-East.

 

[BenMcMichael]

]

Okay let me see, an increase in interest rates (other things remaining the same) will stregthen the dollar in comparison with other currencies. This will then make the price of imports less and export prices become higher. If the usa imports a large percentage of its oil and gas (from the middle east i.e. OPEC and russia) then guess what, the price of imported gas and oil should be cheaper. Yes OPEC could collaborate and force the price higher by withholding suply of oil. But that change in interest rates does affect the price if its an import. Which does have an effect on inflation, Cost push inflation goes down as a decrease in the cost to US firms as imported oil is cheaper. As well as the demand side reduction in inflation due to less incentive to lend money from banks leading to a fall in consumption and eventually other things remaining the same aggregate demand.

Indeed but the amount of change needed to effect oil prices IMO takes it out of the hands of the treasury. Over years you would see a decrease theoretically (all things staying the same) but still we can't raise interest rates at the moment so we are stuck at the mercy of OPEC and Russia and chavez among others.

Sell the dollar on foriegn currency researves, same effect and interest rates unchanged. yes i know its long term and other factors can influence it more but the fact remains that it is a feasable plan

 

[UpcountryGecko]

An idea i have from this thread is make everyone smoke, this way the government gets more money from tax and the weak die young so we don't have to pay their pension. I feel i should get a noble prize for this idea.

 

[BenMcMichael]

An idea i have from this thread is make everyone smoke, this way the government gets more money from tax and the weak die young so we don't have to pay their pension. I feel i should get a noble prize for this idea.

Darwin award*

 

[jasoncyrus]

Problem with bring smoking back, is the MMASSSIIIVVEEE drain on the economy it causes. all the treatment from the endless stream of cancers, lung cancer, throat cancer, mouth cancer, which then spread to your lymphs which then spread everywhere else.

General cost of funerals etc.

more money out than in mate.

 

[Da3nd]

this crisis isnt cause of smoking.... its cause of Oil companys having too much power

 

[UpcountryGecko]

An idea i have from this thread is make everyone smoke, this way the government gets more money from tax and the weak die young so we don't have to pay their pension. I feel i should get a noble prize for this idea.

Darwin award*

That was a joke by the way, I am fully aware that the problem isn't due to less people smoking but due to it being a credit crunch were it is harder for people to get money which in turn decreases consumption which just happens to be were 65% of our economic growth comes from. In truth right now instead of these ideas of spending a year in a tent we should all be spending more which will result in the economy getting to the recovery stage much quicker.

Problem with bring smoking back, is the MMASSSIIIVVEEE drain on the economy it causes. all the treatment from the endless stream of cancers, lung cancer, throat cancer, mouth cancer, which then spread to your lymphs which then spread everywhere else.

General cost of funerals etc.

more money out than in mate.

In the Uk the government makes a profit if you take in the amount of tax payed by smokers minus the costs of treatment for diseases which are linked with smoking.

 

[jasoncyrus]

this crisis isnt cause of smoking.... its cause of Oil companys having too much power

No...it's not the cause of oil companys having power. its the CAUSE of debt, misery and more suicides.

its the RESULT of banks being moronic and giving loans out to anyone who sticks their hand out and begs for money. Instead of doing what they used to do and put them through the finanial wringer first to see if they can squeeze all their pennies back out first.

 

[Insanum]

uhh.... nice theory i guess
you've obviously put at least some thought into it XD

but yeah, there was also an argument once that stopping smoking on certain plane flights made the air dirtier, because without the smokers they didnt feel the need to use stored fresh air in the cabins... or something XD
sorry, i dont have a link to that though >_>

QI Baby

 

[BenMcMichael]

this crisis isnt cause of smoking.... its cause of Oil companys having too much power

Fail, dont make me go on a rant

 

[BenMcMichael]

An idea i have from this thread is make everyone smoke, this way the government gets more money from tax and the weak die young so we don't have to pay their pension. I feel i should get a noble prize for this idea.

Darwin award*

That was a joke by the way, I am fully aware that the problem isn't due to less people smoking but due to it being a credit crunch were it is harder for people to get money which in turn decreases consumption which just happens to be were 65% of our economic growth comes from. In truth right now instead of these ideas of spending a year in a tent we should all be spending more which will result in the economy getting to the recovery stage much quicker.

Tbh i doubted that some1 other than liam algor *(obese giant doorstopper who goes to same collage as myself, for only 3 more days!!) could be that stupid

 

[jasoncyrus]

An idea i have from this thread is make everyone smoke, this way the government gets more money from tax and the weak die young so we don't have to pay their pension. I feel i should get a noble prize for this idea.

Darwin award*

That was a joke by the way, I am fully aware that the problem isn't due to less people smoking but due to it being a credit crunch were it is harder for people to get money which in turn decreases consumption which just happens to be were 65% of our economic growth comes from. In truth right now instead of these ideas of spending a year in a tent we should all be spending more which will result in the economy getting to the recovery stage much quicker.

Problem with bring smoking back, is the MMASSSIIIVVEEE drain on the economy it causes. all the treatment from the endless stream of cancers, lung cancer, throat cancer, mouth cancer, which then spread to your lymphs which then spread everywhere else.

General cost of funerals etc.

more money out than in mate.

In the Uk the government makes a profit if you take in the amount of tax payed by smokers minus the costs of treatment for diseases which are linked with smoking.

Indeed I know, I am *in* the UK. and I know hospitals are clogged with stupid people who thought smoking would be a positive step in their lives.

 

[Dark assassin for hire]

The economy is bad because if any country, (excluding America) including America's allies, as much as fart, America will declare neculer war on them meaning it effects the budgets of countries because they have to clean up America's mess and it's bad for America because half the taxes are sent to the pentagon.

In other words, STOP FARTING!
In other words, it's America's fault. (Damn, I need to move to Canada.)

 

[BenMcMichael]

Well i bid you farewell, remember; inflation in the long run aint that bad, in the long run your dead

 

[Skeleon]

*snip*

Well, among other things, he taught us how to research. To be honest, I don't know this New England Journal of Medicine but I do know pubmed.

http://www.ncbi.nlm.nih.gov/pubmed/19008791?ordinalpos=30&itool=EntrezSystem2.PEntrez.Pubmed.Pubmed_ResultsPanel.Pubmed_DefaultReportPanel.Pubmed_RVDocSum

http://www.ncbi.nlm.nih.gov/pubmed/19440435?ordinalpos=2&itool=EntrezSystem2.PEntrez.Pubmed.Pubmed_ResultsPanel.Pubmed_DefaultReportPanel.Pubmed_RVDocSum

http://www.ncbi.nlm.nih.gov/pubmed/19211214?ordinalpos=15&itool=EntrezSystem2.PEntrez.Pubmed.Pubmed_ResultsPanel.Pubmed_DefaultReportPanel.Pubmed_RVDocSum

And you know what? Yes, I still consider my prof and pubmed to be more credible than some websites I never heard of.