Why does capitalism and freedom always end up exploiting others?
I am assigned a paper on this topic for sociology class. Please help and provide me with some ideas of how to approach this topic.
Watch the Fannie Mae Hearings and see what Barney Frank did to oppose regulations on easy credit, and then ask yourself if it was pure Capitalism that failed or Government interference?
Fannie Mae backs 56% of all mortgages. They essentially back banks when they trade mortgage backed securities, so when Fannie Mae reigns it in, the banks follow suit. Somehow, the Liberals refuse to watch this hearing because it reveals the Democrat’s heavy role in making sure Republicans could not propose reforms. Isn’t that exactly what they accuse the Republicans of? Why does the media refuse to report this, and only FOX did? It’s all right here in THEIR OWN WORDS!
I hope you actually watch it because I see that you are very well educated 🙂
You can look at both ways. You can exploit someone paying you too much for easy work, or the other way around. You are always free to negotiate or walk away.
What is the best way to go about buying and selling stocks?
I’m about to set up an account through USAA, but I was wondering if there was a better place to trade through. Like maybe Etrades or something. USAA will give me 25 free trades for signing up with them too.
On the USAA website under item #1 (second paragraph) it says that the free trade offer expired on 12-31-2008.
The standard commission rate (the “GOLD” commission level) is $11.95 with online statements ($13.95 for paper statements).
The “PLATINUM” commission level requires that you make 25 or more trades/90 days or 16 or more trades/90 days and have $50,000.00 in assets to get the lower commission rate.
Consider Sharebuilder or Scottrade.
You could enroll in the Sharebuilder “BASIC” automatic investment plan.
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Using the plan you can buy stock any Tuesday that the market is open.
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What is inherently evil about the voluntary exchange of goods and services?
That’s all the Free Market is, people…
The Free Market has nothing to do with corporations making deals with the government.
@think outside the ballot box….Money is simply a means of exchange. It makes things convenient.
Currency is what brings the evil.
Trading goods and services for goods and services is Freedom.
Trading goods and services for pieces of green paper that can be hoarded and used to gain power over others is Oppression.
Can a Currency Trader legally obtain the foreign money they had traded for in coin form and cross the border?
A Currency Trader is a person whom buys foreign currency as an investment hoping the price will change so the trader makes profit when the trader trades back currency again.
A Currency Trader is completely legal and the trading process is usually done electronically and not physically because it is quick and easier than collecting the trade physically.
My question is if being a Currency Trader, can i legally obtain my foreign money in ‘coin’ form (because the metal is reliable compared to an electronic number) and then cross the border back to the United States with the traded coins.
Lets say that I want to trade $1,000 USD for Canadian Currency but i want physical Nickels instead of electronic numbers.
I think that it sounds reasonable because a trade is a trade, and shouldn’t matter if i want to spend the extra gas collecting the extra weight of $1000 worth of Canadian Nickels to take home or not.
Serious answers please. Thank you.
Yes, of course you can.
But – why would you?
Coins are subject to the same rules as paper money – “The government has made a promise to…”
The paper itself is worth NOTHING and a coin, of any valuation, even the Canadian toonie ($ 2.00) by itself may carry the metal value of one to two cents. There is no silver or gold in any coins in the world these days.
Coins are bulky and heavy. It costs a lot of money to ship coins about. Would it surprise you to know that it has been statistically proven that the vast majority of coins hardly ever, in their lifetime leave the city they were issued in. They just go round and round between your stores and the local bank office.
Any one is free to buy any foreign currency (up to $ 10,000 without filing a police report) and carry them around, or put them under any mattress as you see fit.
A problem is that you pay more, get a worse exchange rate, when dealing with paper money. All currency trading is done in computers, even if you change between to accounts in your own bank.
A Canadian nickel weighs 2.35 g. 4,000 nickels would weigh 9.4 kg (20.7 lbs) It contains 96 % steel, a little bit of nickel, zink and copper plating. With a total scrap value at 0.27 c/lb, you would have carried $ 5.27 worth of metal over the border.
Don’t even think of trading in currencies. The sum of the GDP of the entire world is traded every 24 h, at the speed of the fastest computers mankind can design and build.
Are you better than that? To get the really, really scary facts, read this from NASDAC
What economic concept does the United States’ trade deficit relate to?
I’m talking about the United States’ trade deficit in a paper I have to write but I need to relate this to a basic economic concept and I’m stumped here. What concept does it relate to?
Free trade based on comparative advantage. The US has comparative advantage in services sector. We sell services including, banking, insurance, brokerage, hedging etc. We buy primary and manufacturing goods. Our tariff structure is according to the WTO codes which promotes free trade around the world..
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