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- China Calls for New Global Reserve Currency to Replace Dollar @SchiffGold https://t.co/PmZH6Zr8SV
- July Consumer Confidence unexpectedly plunged to 90.9 from 99.8 in June, hitting its lowest level since Sept. 2014. Forecast was for 99.6.
- How will this great depression be remembered in the future? How wil it be explained in the history books?
- Gold: You Can’t Hack It, You Can’t Erase It, You Can’t Delete It https://t.co/8Q586e5yRW @SchiffGold
- The Atlanta Fed just lowered its 4th Qtr GDP forecast to .7%. If the actual print is negative we'll be halfway to an official recession.
- U.S. political uncertainty has traders turning to precious metals as insurance their wealth survives the election: http://bit.ly/2flvYTl
- Europe’s Largest Gold Dealer Targets Asian Demand & $1,500 Gold Price (Video) @SchiffGold http://bit.ly/20xQjrY
- Cryptocurrency like Bitcoin is taking the market by storm, but its volatility should raise questions: http://bit.ly/2lInIjn
- #Fed officials have no problem admitting growth is slowing abroad, yet deny U.S. growth is also slowing, even though its slowing faster!
- @shgoldberg Read your article on Bitcoin. You're wrong. You can buy groceries with gold. Open a Goldmoney account-- http://bit.ly/2mAS7UX
Friday, February 26, 2016
Capitalism vs Socialism (economic theory)
Please take the time to read this. Capitalism works because it is a natural extension of biological evolution. The laws of nature govern the free market of capitalism. Socialistic ideas contradict the logic of our evolutionary past. The development of our species has taught us that the “survival of the fittest” scenario is the catalyst for evolution, innovation, and collective longevity. Capitalism chooses not to ignore the valuable lessons learned from our evolutionary history; instead it chooses to embrace them, ensuring its survival. Never confuse equality with fairness. The laws of nature that shaped our evolution dictate that individual survival is based on the ability to acquire nutrients and avoid exposure. And the quality of that survival is based on aptitude. This model is reflected within capitalism. The quality of your survival in the free market is based on your aptitude for production. The answer to the question of capitalism vs. socialism lies within another question. Do you want an equal society or a better society?