Globalization Just Peaked

 

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  • #49397

    Joan Miro The farmer’s wife 1923   In Jackson Hole on Friday, Bank of England’s outgoing governor Mark Carney talked about a Synthetic Hegemonic
    [See the full post at: Globalization Just Peaked]

    #49400
    zerosum
    Participant

    “While we could make them right where we live, pay people a living wage to do it, and lower pollution in the process. Not a hard choice, even if your boxers would cost a dollar more.”

    If “Dollar Store” can sell them for an extra dollar, then if we, (the consumer), could afford pay for the underwear made by my neighbor, plus pay all those in the pipeine who want to make a profit, then it could happen. However, I wonder if all the other retailers would be able to survive if I, (the consummer), do not have enough money to buy from them.

    Hey! more than 60% cannot survive without using their credit cards. Its too late for a $15.00 minimum wage to pay for USA made goods.

    #49401
    lasttwo
    Participant

    first what is with those feet? Hobbit?

    Try an experiment. buy local as much as you can. Most food is pretty easy. Furniture is harder but possible if you can afford it. It takes work but look for a dehumidifier. there are several made in the usa hard to find but they are there they cost twice as much but last three times as long according to the reviews. Shipping so many items as resources and bringing back finished product is crazy. automation will do most of the underwear making anyway. So why not make them locally.

    #49402

    It didn’t take long for people to question whether things could be done, did it? Just a few decades.. But really “we” used to make lots of stuff before globalization, which as we know now was only ever Chinalization, took hold of our world. If we could shift so quickly then, why couldn’t we shift back just as rapidly today? Yes, things would get more expensive, but wages would rise too, so that’s neutral. Globalization has destroyed people’s understanding of economics, methinks.

    #49404
    zerosum
    Participant

    ” If we could shift so quickly then, why couldn’t we shift back just as rapidly today?”

    …. because the elite want profits to continue their lifestyle.

    …. because the elites determine what wages that they are willing to pay

    …. because the USA consummers are bankrupt.

    ….. because you are not in la-la-land and know that yesterday is gone.

    #49405
    lasttwo
    Participant

    I was fortunate enough to work in manufacturing all my life. Started on the factory floor as a piecework operator and later a machinist 16 years mostly night shift learned skills and changed companies the next company reimbursed for college and I went to night school took 8 years to get a degree. Then I joined large corporate America. Here’s the point MBA’s are taught to maximize share holder value period. I eventually walked out because another plant was moved to Mexico and the vp of operations was holding the hourly workers to 1 % raises knowing that the move was coming. I worked side by side with these people and these hardworking people busted their ass every day and this asshole just lied and lied. I could have stayed would have been promoted but I just could not. He was making 30 times what they were and the company was extremely successful. Still is. — just heartless.

    #49406
    lasttwo
    Participant

    Mark Carney rode Canada’s good economy to the Queen. THEY would like nothing better than digital currency then negative interest rates could go way negative. no way to find a mattress to hide the cash in -no cash. The bankers would make even more. For really the first time in my life I do not know how to preserve our meager savings. I know I do not want to give money to the banks and we buy things that will reduce future expenses. solar power green house. but where from here?

    #49407
    VietnamVet
    Participant

    The Farmer’s Wife and the rest of us are analog. We need fertile land, air, water and work to survive. We also need government to provide security, safety, shelter and the right to life. Nuclear arms and climate change are existential threats to our survival; also, so are greed and cognitive dissonance. Global trade is dependent on fossil fuel. Digital currency and artificial intelligence are dependent on electrical energy which didn’t exist until in the late 19th century. Common sense indicates for civilization to continue we must stop fouling our world, be extremely energy efficient, and live in the analog environment as much as possible.

    #49413
    Dr. D
    Participant

    “countries are hoarding dollars. And/or “protecting themselves by racking up enormous piles of dollar-denominated debt.”

    Wow, so according to Carney, cash and debt are the same. Assets = Liabilities. Therefore, there is no possibility of logic and there can be no double-book accounting. How the mask slips. #AntiLogos. All things illogical, unworkable, immoral, and wrong. The opposite of logic, reason, honor, truth, and fairness. He’s telling you. If you guys all do nothing but yawn, is it his fault? The devil gives you options, alternatives, that’s all. You COULD obey God, #Logos, as the angels do, or…something more interesting…

    “Carney warned that very low equilibrium interest rates had in the past coincided with wars, financial crises and abrupt changes”

    Yes, as the wealthy attempt to protect their outsized advantage at the expense of the poor, it does indeed make people grumpy. Their plan is to channel that stress and dissatisfaction into a war, so they can profit even MORE at someone’s expense. Or in our case, start a civil war, for race, gender, politics, CNN and Facebook lies, they care not what so long as it works and happens. Otherwise, they’ll have to go from a $10 Billionaire to a $1 Billionaire, and who wants that? Much rather kill 30M Americans and burn the nation to the ground.

    “[Libra] faced a host of fundamental issues”

    Yes, the exact same ones they face today: no accounting, no oversight, no restraint, and no limit on how much completely hidden currency they can create. No rules on whether those tokens are distributed on merit and work instead of favor and friends. This is why the US$ is collapsing, and why they can never replace that entirely ruinous, discredited system with one exactly identical. The people, or rather the players, won’t have it. This is also why the SDR is DOA. It is just a basket of the same fraudulent currencies that are illogical on the face and cannot be double-book accounted as cash = debt, assets = liabilities. They can only go to wheat, rice, which will cause undue price increases and starvation, or else entirely useless junk like gold, or today’s equivalent, BTC. No one starves then because no one eats or drinks gold or BTC, but they ARE in limited supply, which hot air from Carney and Draghi is not.

    “Globalization is a process, it’s something that moves”

    What you’re saying here is that Capitalism (or the modern debt version) must expand or die. That’s relatively true. The debt must increase exponentially or collapse, and China bought them the 30 extra years. However, although Africa exists, is is not exponentially larger than China, and their gambit to dominate world oil and create one world government failed. Their new plan to create EU one world taxation and currency of fraudulent hypothocated carbon credits failed. So here we are. Global financial reset. It can’t go to banker’s fantasy coins, because no one trusts them. So historically it goes to gold, but also to any commodity, anything real, which leads to resource scarcity and thus to war. We don’t have to do that, but history is not kind.

    #49417
    lasttwo
    Participant

    So Dr D. outside of immediate store of values food housing clothing. I guess the next level are things that let you keep what you have or protect against inflation, Solar panels lead iron garden land, the next level would be things that will have value to trade wine- food- gold – sliver. Real estate wont work your going to have to physically evict people with no money and because no one will have money it really wont matter. And gold and silver are iffy because you cannot eat or heat with them. The dollars feel like so much paper to me but I am struggling with how to store value. I can buy farmland but I cannot really defend it. Maybe a fishing boat or lobster traps but frankly every person around will be doing that.

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