Debt Rattle June 20 2024
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It IS funny/sad/impolite though, that you direct the same “socialists are cowardly communists” challenge I formulated, only directly at phoenixvoice, whereas I just threw the question out there not targeting anyone – like, self-select as you will. Not chivalrous of you.
…so the % of economy you think should be socialist, that you were going to say… ? lol how many exchanges and you still can’t do it, can you
You realize just your SILENCE in the face of the question is a win?
Because ALL ONLOOKERS know that you know if you say a higher, lower, or same % as is currently in effect, that’s bad optics too. By showing up and being silent on the question, you are free advertising against communism. Be ye “merely an Anti-Anti-Communist” as you will.
Who will be brave enough to call it what it is,
POLITICAL INTERFRENCE.
NATO Secretary-General Jens Stoltenberg says, “I expects more from Canada when it comes to defence spending.”
Well, I ruffled some feathers today
hb-jb: Incoherent, triple post ramble without saying anything.
kultsommer: concise, up to the point short bursts that should be easy to dispute or, God forbid, agree with.so the % you were going to give…
You’re seriously going to rely on SAYING that I was incoherent will make super gullible onlookers THINK I was incoherent?!? Because clearly what you said wasn’t remotely intended to convince ME of anything.
Your contempt for our dear readers out there is palpable
kultsommer said
His [Morgan Freeman], or anybody else’s for that matter, obsession with “greatness” of Elon, who is putting his formidable mind in all wrong places, is beyond me.
Musk is an interesting political entity. He has built his wealth primarily using government money and telling lies to his shareholders, most of whom know they are lies but love it because his aim is to make their share values hit space.
When you look at what he has created in a “fair competition” way; nothing. The last truely competitive time in the USA was the birth of the computer and the many companies that it spawned, some of which survived to become government backed entities as they are now. You would think that all the money going into electric cars would have spawned a US competitor to Tesla; some minor efforts that collapsed, but not really, I wonder why not.
Everything Musk works on uses government money, so one has to suspect that what he does in terms of X etc, it all approved of by the government. He is the new style billionaire, merged with government at the hip, doing their bidding in terms of providing the technology for their next freedom-sapping chains, yet also providing a rebellious streak that the non-conformists can get behind.
He is hated by the political left for abandoning obvious political censorship at X (of course, there is still government censorship at X) but is loved by the left for being the guy (not the money) behind Tesla. Of course, China took up the electric car business and has already far outpaced Tesla in just a few years, but that does not dent the Tesla or Musk reputation. And China is also a heavily managed economy.
I am waiting for the return of true, people-friendly entrepreneurs distinct from government, the type like Cadbury who had the mind to create something new during the industrial revolution, yet didn’t feel like he had to abuse the people to do it, instead he built Bournville. Those days of Quakers and the like are long gone, but they will come back. People do not change, only their brainwashing changes.
Meanwhile the greedy Musketeers will continue to sing Musk’s praises like bad sheep fucking over the good sheep; isn’t that what people everywhere do?
https://www.ctvnews.ca/politics/i-expect-more-nato-head-on-canada-s-need-to-increase-defence-spending-1.6934547
June 20, 2024
Senators approve bill to fight foreign interference after voting down amendmentOTTAWA – The Senate has passed a government bill intended to help deter, investigate and punish foreign interference amid concerns the legislation received inadequate scrutiny and could unduly infringe on basic freedoms.
Senators approved the legislation late Wednesday after voting down a proposed amendment aimed at ensuring innocent people are not swept up in its net.(Freelan protected under another clause)
Duff Conacher, co-founder of the group Democracy Watch, said legislators “have left loopholes in the bill that allow for secret interference in elections, party leadership races, political parties and government policy-making processes across Canada.”
my parents said know said
But did you watch the video on nvidia?
I must admit that I did not. I shall put it on my list of things to do today … once it is on a list, it will get done, otherwise it will be forgotten.
my parents said know said
But did you watch the video on nvidia?
Okay, so I have now watched these videos, which I believe are the ones you were referring to:
https://www.youtube.com/watch?v=Sbcr_ImI0-o and https://www.youtube.com/watch?v=j93wlN-Tf_s.An interesting investigation, showing that Nvidia is funding its own demand. Of course, you do not get to be CEO of Nvidia without the morality of a Democrat, hence the dodgy dealing, which, as ‘Nobody Special Finance’, the host on the videos, states is not criminal but is reminiscent of the dot-com bubble.
Of course, the second video provides evidence of Elon Musk censoring videos; what a surprise, the world’s biggest market scammer and free-speech absolutist is helping Nvidia scam the markets.
There is nothing here that many of us did not suspect, but there is proof that our suspicions are reality, which is always good. Definitely worth a watch.
Dr. D said
Free Speech. ANOTHER free service brought to you every day only by NON-Socialism.
Free-speech is a fantasy, it has never existed and never will exist. The control varies between coundties, for example, in the USA people are sold on democracy and think they have the power to change things, so their thoughts are manipulated through massive PR and public education into them choosing the “right” option. In China the government allows you to say what you want as long as you are not challenging the power of the government. There is no persuasion involved, it is enforced through punishment.
The USA citizens are deluded, the China citizens know they have to obey the rules? Something like that, in the end there is no freedom under any government. Even in the UK you can find the police at your front door for saying the wrong thing on Facebook.
Thorstein Veblen (The Theory of The Leisure Class and The Theory of Business Enterprise, amongst others) was not a “Marxist”, “Capitalist” or “Socialist”, but was an economic analyst without pedigree.
He did take offense at being called names. He was a contemporary of Marx and did not agree or disagree with all that Marx wrote and said.
Communism hadn’t happened yet; things were still academic, limited to people who could read and comprehend obtuse sentences as long as paragraphs, and so on. Marx was born in Germany in 1818 and Veblen in the Northern US in 1857, so 39 year age difference in a period of rapidly-morphing societal changes and civil-wars.
Most of the ideas both of them had have been tried with variations, had their names-stolen and put onto something different, and so on. It is still interesting to read the economic philosophy and analysis of those days now, because connections to inherent human nature are more direct and less abstracted than now.
So much of what we see now and the world has been told since that epoch are clearer and easier to see when this earlier analysis is digested.In 1904, the US, and to a lesser degree, the UK/Empire, had just gone through 30 years of almost continuous recession-type activity, even as industrial production increased and increased and increased.
Part of the problem was that as industrial production-processes kept improving, the costs of production with New-Equipment kept falling, so new factories were built with lower production costs, and competition lowered the prices of products, favoring the newer factories, except for the huge problem that ALL factories were built with borrowed money and had to keep up payments, and the older factories were trying to keep up payments based on higher selling prices that prevailed when the factory was built.
This created a declining return on capital-investment in an efficiently operating mechanical-industrial economy. This created a chronic business depression for the capitalists and producers, even in a time when production-quality and output kept increasing.
This was considered to be a very serious problem at the turn of the 19th-20th century.
Spending on wasteful things was a short term “fix”. The Spanish American War worked that way.
“Trusts” to eliminate “competition” and maintain steady profits for capitalists and businessmen, were another “solution” to the ups and downs of the “business/credit cycle”. They created cooperative-monopolies of a sort.I’m not to the point yet where Veblen makes a suggestion for managing the unhealthy business-cycle, a form of parasitic-resonance, in electrical circuit terminology, but rumor has it that he goes on to suggest that government take a hand in the regulation of manufacturing, as Japan and Germany have both since done, and every country does sometimes.
I’ll probably have to read some Keynes some day. I already know he was not a Keynesian…
jb-hb said
so the % you were going to give…
What does this mean? You are going to boil down political views to the percentage of the economy that is run by government? This is meaningless. For example, the USA has a huge military budget, obviously most military weapons companies will be selling to the government because it is not legal to sell to the people of the country. But, if you change the rules and allow the military to sell to individuals, then the military industry will change with its customers. You can see this in the handgun industry in the USA.
By specifying the percentage, you first have to specify the government’s policies and laws. Are individuals allowed to have nuclear power plants in their houses? In which case the nuclear industry will not just be selling to licensed government contractors – the electric companies – but will be like handguns.
I don’t think the “percentage” argument is meaningful, it is a cheap whip.
hb-jb and Dr D
With your ramblings that socialism has a heavy foothold here in the US, you may convince some poor slob that medical care and schooling at any level is free, apartment, albeit small is available for all – aka no tents on the sidewalk.
But you are talking about different type of socialism full of rainbow flags and woke characters mulling around that Marx was profusely writing about over 170 years ago. Right?
Kim Yong, by now, should be a guest of honor here instead being courted by the Russians. BTW how do you process that fact in you indoctrinated heads? Just as Elon had said about himself, it must be fun to be you.Now tell me some more about your PhD chemistry (so on topic) friend and…..ah,, yes, bamboo sticks in a pit as an answer.
When this strategic stockpile is gone, they will replenish from another country.
https://www.ft.com/content/cd56c82b-2652-4eb8-8669-c78b17ebf1ff
The Biden administration is ready to release more oil from its strategic stockpile to halt any jump in petrol prices this summer, as the White House battles to contain inflation ahead of the November election.
Amos Hochstein, President Joe Biden’s closest adviser on energy, said that prices at the pump were “still too high for many Americans” and he would like to see them “cut down a little bit further”.
https://sputnikglobe.com/20240620/full-text-of-russia-north-korea-strategic-agreement–1119035258.html
Sputnik has translated the full text of the comprehensive agreement signed by Vladimir Putin and Kim Jong Un during the state visit of the Russian president to North Korea.
The full translation of the DPRK-Russia Treaty on Comprehensive Strategic Partnership:
The Democratic People’s Republic of Korea and the Russian Federation, hereinafter referred to as the Parties,
based on common desire and commitment to preserve the historically formed traditions of Korean-Russian friendship and cooperation to build future-oriented interstate relations of a new era, thereby promoting the prosperity and well-being of the peoples of the two countries;
expressing confidence that the development of relations of a comprehensive strategic partnership of the Parties meets the fundamental interests of their peoples and contributes to ensuring peace, regional and global security and stability;
reaffirming their commitment to the purposes and principles of the UN Charter, as well as other generally recognized principles and norms of international law;
reaffirming the desire to protect international justice from hegemonic aspirations and attempts to impose a unipolar world order, to establish a multipolar international system based on good faith cooperation of states, mutual respect for interests, collective resolution of international problems, cultural and civilizational diversity, the supremacy of international law in international relations, and by joint efforts to counteract any challenges that threaten the existence of humanity;
seeking, through strengthening comradely and friendly bilateral ties, as well as expanding and strengthening cooperation in all areas, to bring North Korean-Russian relations to a sustainable level conducive to regional and international peace and prosperity, have agreed on the following:
Article 1
The Parties constantly support and develop, taking into account the legislation of their states and their international obligations, relations of comprehensive strategic partnership based on the principles of mutual respect for state sovereignty and territorial integrity, non-interference in internal affairs, equality and other principles of international law relating to friendly relations and cooperation between states.
Article 2
The Parties, through dialogue and negotiations, including at the highest level, will exchange views on issues of bilateral relations and the international agenda of mutual interest, and also strengthen joint coordination and interaction in international platforms.
In an effort to establish global strategic stability and a new fair and equitable international order, the Parties will maintain close communication with each other and strengthen tactical and strategic cooperation.
Article 3
The Parties shall cooperate with each other to ensure lasting regional and international peace and security.
In the event of an immediate threat of an act of armed aggression against one of the Parties, the Parties, at the request of one of the Parties, shall immediately use bilateral channels for consultations in order to coordinate their positions and agree on possible practical measures to assist each other to help eliminate the emerging threat.
Article 4
If one of the Parties is subjected to an armed attack by any state or several states and thus finds itself in a state of war, the other Party will immediately provide military and other assistance with all means at its disposal in accordance with Article 51 of the UN Charter and in accordance with legislation of the Democratic People’s Republic of Korea and the Russian Federation.Article 5
Each Party vows not to enter into agreements with third states directed against the sovereignty, security, territorial integrity, right to free choice and [right to free] development of political, social, economic and cultural systems and other key interests of the other Party, and not to take part in such actions.
The Parties do not allow third states to use their territory for the purpose of violating the sovereignty, security, or territorial integrity of the other Party.
Article 6
The parties support each other’s peaceful policies and measures aimed at protecting their state sovereignty, ensuring their security and stability, defending their right to development, and also actively cooperating with each other in pursuing such policies aimed at establishing a fair multipolar new world order.
Article 7
Guided by the goals of maintaining international peace and security, the Parties will consult and cooperate with each other within the framework of international organizations, including the UN and its specialized agencies, on issues of global and regional development that directly or indirectly may pose a challenge to the common interests and security of the Parties.
The Parties shall cooperate and mutually support the membership of each Party in relevant international and regional organizations.
Article 8
The parties create mechanisms for joint activities to strengthen defense capabilities in the interests of preventing war and ensuring regional and international peace and security.Article 9
The parties will interact to jointly confront growing challenges and threats in areas of strategic importance, including food and energy security, information and communications technology (ICT) security, climate change, healthcare and supply chains.
Article 10
The parties will promote the expansion and development of cooperation in trade, economic, investment, scientific and technical fields.
The parties will make efforts to increase the volume of mutual trade, create favorable conditions for economic cooperation in customs, monetary and financial and other areas, and also encourage and protect mutual investments in accordance with the Agreement between the Government of the Democratic People’s Republic of Korea and the Government of the Russian Federation on the promotion and mutual protection of investments of November 28, 1996.
The Parties will provide assistance to special/free economic zones of the Democratic People’s Republic of Korea and the Russian Federation and organizations with their participation.
The Parties will develop exchanges and cooperation, and also actively encourage joint research in the field of science and technology, including such areas as space, biology, peaceful nuclear energy, artificial intelligence, information technology and others.
Article 11
The Parties will support the development of interregional and cross-border cooperation in areas of mutual interest, based on its special importance for expanding the entire range of bilateral relations.
The Parties will create favorable conditions for establishing direct connections between the regions of the Democratic People’s Republic of Korea and the Russian Federation, promote mutual awareness of their economic and investment potential, including through business missions, conferences, exhibitions, fairs and other joint interregional events.
Article 12
The Parties will strengthen exchanges and cooperation in the field of agriculture, education, healthcare, sports, culture, tourism and other areas, cooperate in the field of environmental protection, prevention and relief from natural disastersArticle 13
The Parties will develop cooperation in matters of mutual recognition of standards, test reports and certificates of conformity, direct application of standards, exchange of experience and the latest achievements in the field of ensuring uniformity of measurements, training of experts and promoting the recognition of test results between the Democratic People’s Republic of Korea and the Russian Federation.
Article 14
Each Party will protect the legal rights and interests of legal entities and citizens of the other Party located on its territory.
The Parties will cooperate on the provision of legal assistance in civil and criminal cases, the extradition and transfer of persons sentenced to imprisonment, as well as the implementation of agreements in the field of return of assets obtained by criminal means.
Article 15
The Parties will deepen contacts between the legislative, executive and law enforcement bodies of the two countries, exchanging experiences and opinions in the field of adoption and application of laws and on other issues of mutual interest.
Article 16
The Parties will oppose the use of unilateral coercive measures, including those of an extraterritorial nature, and consider their introduction illegal and contrary to the UN Charter and international law. The Parties will coordinate efforts and interact in order to support multilateral initiatives aimed at eliminating the practice of using such measures in international relations.
The Parties will guarantee the non-application of unilateral coercive measures aimed directly or indirectly at one of the Parties, individuals and legal entities of such Party or their property under the jurisdiction of such Party, goods, work, services, information, results of intellectual activity, including exclusive rights to them, originating from one Party, intended for the other Party.The Parties shall refrain from joining unilateral enforcement measures or supporting such measures of any third party if such measures affect or are directed directly or indirectly at one of the Parties, individuals and legal entities of such Party or their property under the jurisdiction of such third party, goods originating from one Party, intended for the other Party, and (or) works, services, information, results of intellectual activity, including exclusive rights to them, provided by suppliers of the other Party.
If unilateral coercive measures are introduced against one of the Parties by any third party, the Parties shall make practical efforts to reduce the risks, eliminate or minimize the direct and indirect impact of such measures on mutual economic relations, individuals or legal entities of the Parties or their property located in the jurisdiction Parties, goods originating from one Party, intended for the other Party, and (or) works, services, information, results of intellectual activity, including exclusive rights to them provided by suppliers of the Parties.
The Parties shall also take steps to limit the dissemination of information that could be used by such third parties to impose and escalate such measures.Article 17
The Parties will cooperate in the fight against international terrorism and other challenges and threats, including extremism, transnational organized crime, human trafficking and hostage-taking, illegal migration, illicit financial flows, legalization (laundering) of proceeds from crime, terrorist financing and financing of proliferation of weapons of mass destruction, illegal actions that pose a threat to the safety of civil aviation and maritime navigation, illegal trafficking of goods, funds and monetary instruments, as well as illegal trafficking of narcotic drugs, psychotropic substances and their precursors, weapons, cultural and historical values.
Article 18
The Parties will interact in the field of international information security and strive to strengthen bilateral cooperation, including through the development of an appropriate regulatory framework and deepening interdepartmental dialogue.
The Parties will contribute to the formation of a system for ensuring international information security, including through the development of universal legally binding documents.
The Parties will advocate equal rights for states in managing the Internet information and telecommunications network, as well as against the malicious use of information and communication technologies (ICT) in order to discredit the dignity and reputation of sovereign states and encroach on their sovereign rights, and will consider unacceptable any attempts to limit the sovereign right to regulate and ensure security of the national segments of the global network.
The Parties will expand cooperation in the field of combating the use of ICTs for criminal purposes, including the exchange of information to prevent, detect, suppress and investigate crimes and other offenses related to the use of ICTs.
The Parties will coordinate actions and jointly promote initiatives within international organizations and other negotiation platforms, cooperate in the field of digital development, exchange information and create conditions for interaction between the competent authorities of the Parties.Article 19
The Parties will cooperate in the field of printing and publishing activities.
The Parties will encourage the promotion of Korean and Russian literature in their states, promote the study of the Korean language in the Russian Federation and the Russian language in the Democratic People’s Republic of Korea, and also promote mutual acquaintance and communication between the peoples of the Democratic People’s Republic of Korea and the Russian Federation.
Article 20
The Parties will promote broad cooperation in the media sphere in order to increase the level of knowledge about the life of the peoples of the two countries, promote objective information about the Democratic People’s Republic of Korea and the Russian Federation and bilateral cooperation in the global media space, further create favorable conditions for interaction between national media, strengthen coordination in countering disinformation and aggressive information campaigns.
Article 21
The Parties will actively cooperate in order to conclude and subsequently implement sectoral agreements aimed at implementing this Agreement, as well as agreements in other areas not provided for by this Agreement.Article 22
This Agreement is subject to ratification and enters into force on the date of exchange of instruments of ratification.
From the date of entry into force of this Agreement, the Treaty on Friendship, Good Neighborhood and Cooperation between the Democratic People’s Republic of Korea and the Russian Federation of February 9, 2000, shall cease.
Article 23
This Agreement is valid for an indefinite period.
If one of the Parties intends to terminate this Agreement, it must notify the other Party in writing. The Agreement is terminated one year from the date of receipt of written notice by the other Party.
Signed in Pyongyang on June 19, 2024, in two copies, each in Korean and Russian, both texts being equally authentic.
Signed on behalf of the Democratic People’s Republic of Korea – Kim Jong Un
Signed on behalf of the Russian Federation – Vladimir PutinRing around the rosie
pocket full of posies
ashes, ashes
we all fall down!This will be the biggest round of #bank failures in American history.
Any money wonks still hanging around this joint? I remember back in the day that purt near described the whole bunch. Things sure have gone to hell briskly, haven’t they? Anyhow, here is a bit longish (an hour) analytical summary of the world-wide money mess as it is now falling and will soon stand.
Barring nuclear annihilation (in which case I want my ticket refunded) we all know where the financial juggernaut is headed. The only two really big questions remaining are how fast does it get there, and how bumpy the ride. (Hint: Westerners should consider shock absorbers and strong pain meds) This interview of Andy Shectman by Michelle Makori answers the money questions very succinctly without leaving much out: https://youtu.be/pjtKeewv7pY?si=bTHfYAquyAJhLe_k
https://www.rt.com/news/599634-labour-ditches-candidate-salisbury/
And people wonder why I will never return to the UK. A Labour MP shares an RT story and gets removed from the party, while the party leader, Kier Starmer, while DPP, protected Jimmy Saville from a pedophile investigation, all because Margaret Thatcher was friends with the UK’s worst pedophile. Starmer was corrupt even back then, obviously seen as good material to lead what they still call the Labour Party, but which is something very different to the original Labour Party.
Thanks, Aspnaz. And yeah, Elon. He’s kind of a narrative “love bomb”, narcissistically speaking.
On another note…
How many companies are there? How does this number change from day to day?
Who keeps track?
Enron wasn’t a scandal. It was a “how-to” manual.on even another note:
There’s an AI Candidate Running for Parliament in the UK.@Oroboros (regarding the “boyfriend” with 35 birthdays) https://www.youtube.com/watch?v=dhO78SxuZY4
Dandy
Hahahahaha!
Ray Davies knew that ‘Swinging’ London scene inside out
Here’s Ray with a full blown choir backup singing Waterloo Sunset
You offer me a sofa; I get comfortable.
I chat and act as natural as can be-
Then suddenly you tell me I’m untouchable.
You lulled me into thinking I was free.The complex world we live in needs such scrutiny
As malefactors plot to squelch the mutiny.DBS:
There are still financial types like me who enjoy financial stuff.
But I also enjoy many other subjects too.The irony is money is not real.
Money is an idea thought up by man.
In the right hands it can make good things happen.
In the wrong hands it can be used to rule and destroy man.City of London and Wall Street are mostly on the evil side.
The irony is money is not real.
It’s a fascinating subject, alright, teetering right there at the murky tipping point between material and immaterial. On the one hand it’s a solid real thing like a gold coin, or contractual obligation that can be recorded and stored like any other object and on the other hand it’s just a mentally agreed upon symbolic representation of completely nonmaterial concepts such as value, or obligation.
The materialists, I suppose, must see it as an objective thing, that’s as real as a can of peaches that can be stolen or misappropriated from its rightful beneficiary by lies, tricks or force. To the more spiritually aware it’s representative of moral obligation, the promise to honor a debt, both of which are as subjective and ethereal as conscious thought itself.
I think that the invisible aspects are just as real as the material ones, and probably more.
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