Are Asian Central Bankers Even Crazier Than Our Own?
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“6 gals for 99c”, Roosevelt and Wabash, Chicago 1939 That the world’s central bankers get a lot of things wrong, deliberately or not, and have done so
[See the full post at: Are Asian Central Bankers Even Crazier Than Our Own?]The chart which you posted as to who fights who in Syria is a gross simplification.
Assad, in an interview with AFP that went unreported in the English-speaking media, claims that “80 countries” are trying to destroy Syria.
“Why Do Western ‘News’ Media Ignore Many Important News-Events?”
https://www.washingtonsblog.com/2016/02/western-news-media-ignore-many-important-news-events.html
Banks were never meant to fix anything. Even they aren’t dumb enough to think they can outrun the math of exponents. They just carry water for the people behind them by being plausible and predictable. As long as it’s your money they’re losing, who cares?
Japan can’t get out of the mire because of Dent’s demographics. Corollary, the whole West is following them into demographic deflation post haste, starting with Germany. The West is like 2/3 of world GDP, no one’s going to swim against that tide. –And don’t tell me they haven’t entered that data into the supercomputer model. They know it’s going down. The only object is to CONTROL it going down, to be in charge when it lands. That’s steering, not stopping. Way easier. Note that this means they “want” it to go down and will help it along when the time is right.
If the Bankers’ tools are having the opposite effect as intended, all they need do is turn their loyalties upside down: 1. Use Fiscal Stimulus for grants to small business and a guaranteed income; 2.Have Monetary Easing create a sliding scale of interest rates, the lowest rates for the least well-off; and 3. Make Structural Reforms that devolve economic power to workers and localities. Then the people would recover their ‘animal spirits’ and support an economy.
I’ve said it before and I’ll say it again. We can defeat deflation by applying labor to our natural resources and putting parity prices (prices in balance with the rest of the economy) on that production, such that as those resources cascade through society (by the trade turn), when they finally reach the end consumer, the consumers have enough income, or money, to buy the production. It’s elegant, and it works. We’ve had it in our history.
What’s the rub? When the consumers start to earn their way, there is less demand to rent the banks’ money. See the problem?
And let me say this. And we all know this. The central bank system, the debt money monopolists, whatever you want to call them, have done well to take advantage of the public’s ignorance about the difference between wealth and money. They don’t teach that in school, at any level.
And that is on purpose. I know. That has to change.
>>That the world’s central bankers get a lot of things wrong, deliberately or not, and have done so for years now, is nothing new.<<
This is wrong – the Debt-Money Monopolist central bank employees are orchestrating a debt-bubble / societal looting pre-bust / debt-bubble bust operation in absolutely splendid fashion.
After all, people as smart as you, Ilargi, don’t even see it even when the evidence is repeatedly put before you (or at least won’t admit it in public). They are doing and OUTSTANDING job according to their REAL INTENTIONS and I’m sure they are quite thankful for the witting and unwitting people who provide sufficient cover for their societal asset stripping operation to work.
In fact, they’ve done such a bang-up jobs blowing this debt-bubble ahead of the inevitable debt-bust that you guys were predicting this debt-bubble wouldn’t busted over half a decade ago! Now that’s some great bubble blowing, no?
As for Steve Keen, I supposed he didn’t bring up his version of running interference to benefit the Debt-Money Monopolists was exposed right here in minute detail…The Principal And Interest On Debt Myth
https://www.forbes.com/sites/stevekeen/2015/03/30/the-principal-and-interest-on-debt-myth-2/#2a8022c56823The meat of the debate is in the comments section. Keen is technically correct, but functionally 100% wrong. His fatal assumption is that the mega-banks return 100% of all their earnings back into society such that the debtors who created the money have every opportunity to pay it back. The owners don’t retain earnings, they don’t store trillions in the mega-corporations, they don’t offshore trillions… they return every last dollar back to Main Street in a timely fashion.
He’s he that stupid? I think not. I think he didn’t expect people to expose his Debt-Money Monopolist (and job protecting) fallacy and, when they did, he took off running like his job depended on it (and probably did).
Did the Debt-Money Monopolist quislings class that got to Krugman (through MIT in Krugman’s case) also get to Keen?“Never Touch The Money System!”
Note that Keen tucked tail and ran as soon as “the money system” itself was not only called into question, but exposed as a total debt-based fraud. He had no comment when that happened… he just babbled some absurdity about needing a more complex model when the truth of the fraud is based on simple 5th grade mathematics – and stopped replying lest the dishonesty of his position become ever more clear.
Do the ordinary Greeks have access to all the money required to pay their debts, Ilargi? Steve Keen says they do – the mega-banks are such goodie two shoes that they push all their money back to main street (a requirement since debt and money is a zero sum game!) so the little guy can pay back all their debts, right? That’s total bull – and you know it. Steve Keen knows it, too, BUT HE LIES ABOUT IT TO BENEFIT THE VERY ROOT CAUSE OF THE EFFECTS YOU CLAIM TO DESPISE… but you won’t touch the ROOT CAUSE, either.
You pretend it doesn’t exist.
The whole world is being crushed by income inequality (access to debt-money required to pay debts), yet Steve Keens claims the multinationals and the oligarchs have a zero monetary net worth (they aren’t hoarding cash which, by definition, IS EVERY ELSE’S INEXTINGUISHABLE DEBT THAT KEEN SAID DOESN’T EVEN EXIST!).The Traitor Is The Plague
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