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- Collapse of the dollar on May 28, 2016?
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- Fed's Optimism About Economy Crushed By Actual Data @SchiffGold https://t.co/oCwWOdtor9
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- @tevenski Yes, and you had just as much fun hitting a ball of light back and forth. At the time we all thought that was incredible. Just like kids use to have lots of fun staring at a radio listening to the Lone Ranger or Howdy Doody. It's just a function of what you know.
- @realDonaldTrump If you really want to do something for the good of the country try cutting government spending. If you really want to make America great again, you have to make government small again.
- World Gold Council Gold Investor, WGC chief market strategist John Reade outlined several key reasons he thinks gold will shine in 2018. http://bit.ly/2zh9oF7
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- Ep. 312: Republicans Take Complete Ownership of the Bubble: http://bit.ly/2BS3Cgg via @YouTube
Saturday, March 19, 2016
What is poverty?
I just watched a futuristic movie called Elysium. The general story is that an elite group of people live in the sky with fabulous technology, including health tech that fully heals terminal cancer and faces blown open. I think this is a false proposition from the get go because it supposes that health technology isn't duplicated around the world for cheaper costs once it is innovated originally (in America, usually). The same can be said of many technologies. We have market penetration for smartphones in the billions, and we have entrepreneurs organizing efforts to get internet and phones to people in poor countries. Now, that being said, here's what the movie supposes. The elite that live in their sky fortress naturally have the perfectly manicured landscape and architecture. Meanwhile, the people on Earth live in turmoil. Los Angeles has basically become a mix of Mad Max, Hunger Games, and Mexico City. Why? Why would technology deteriorate after said elites left? It's not like they are even the keepers of knowledge. Everyday people run universities and do the research and build the stuff that rich people can buy. They should have the capability to maintain those systems. Why does all of society succumb to the slum? It got me thinking about poverty in general. I'm not referring to having lots of money or even modern technology. Let's start with basic needs like clean water, clean streets, and basic medical care. What prevents a society from developing these institutions if they were engineered in some places of the world hundreds of years ago? To speak plainly, why can't a poor country in Africa, West Asia, or East Asia have the facilities of Europe or America from even 100 years ago? Surely you will admit that America and Europe were a lot poorer 100 years ago, but they didn't have chaos, they didn't have rivers carrying human excrement and disease, they didn't have filthy streets, they didn't have undrinkable water, and they largely didn't have a culture of violence. I'm sure that I'm dramatizing this a bit after seeing the dystopic future from the movie, but the point stands. If people were poor 100 years ago, but they had a good society, why are other people poor now, and they don't have a good society? *What is poverty?* An idea? Is just a matter of memes that societies hold that determine their fate?