Political Theater Will Kill the Status Quo

 

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  • #8626

    ashvin
    Participant

    Detroit Publishing Co. Congress 1908 “South corridor, Library of Congress, Washington, D.C.” It’s hard to miss the irony in the fact that perhaps the
    [See the full post at: Political Theater Will Kill the Status Quo]

    #757

    jal
    Participant

    NOW … you remind me that its bad everywhere and getting worst.

    Only the center is allowed to direct the flow of tributes, resources and wealth from the periphery.
    The USA has been doing it for 30 years by borrowing from other countries and spending more than it raises in taxes.
    For Greece to have done the same thing is not even an idea worth considering.
    Those who prefer normal “economic talk” can check out the following by the market ticker.

    https://market-ticker.org/akcs-www?post=202029

    This is elmementary mathematics, but nobody wants to deal with it. 

    GDP = C + I + G + (x – i)

    GDP = private consumption + gross investment + government spending + (exports − imports)

    Now … what happens when “the center“ finally decides that it has been used by the periphery.

    1 .Austerity is the punishment for Greece
    and/or
    2. The financing of the spending binge come to a stop.

    See …

    https://www.zerohedge.com/news/russia-dumps-treasurys-14-consecutive-months-china-slashes-holdings-lowest-over-year

    Russia Dumps Treasurys For 14 Consecutive Months; China Slashes Holdings To Lowest In Over A Year

    #758

    ashvin
    Participant

    jal,

    your comments have been restored, sorry about that!

    you shouldn’t have any more spam problems in the future

    #760

    mrawlings
    Member

    Jal,

    don’t forget that the “rate of inflation” is also part of the GDP calculation. I put it in quotation marks for the same reason that I would put “Global War on Terror” or “US Healthcare System” or “Compassionate Conservative” in quotation marks.

    Because the words commonly used to signify the realities that are signified conceal (or not) some real bullshit that serves the interests of TPTB.

    The real rate of inflation, if applied to GDP would have shown anemic growth at best over the last decade or two and would have necessitated some very serious conversations about wages, pensions, and Social Security C.O.L.A.’s.

    #763

    Alexander Ac
    Member

    Hello TAErs,

    Brent oil price broke the july 2008 record:

    https://www.zerohedge.com/news/brent-priced-eur-record-highs

    we still have to wait for the oil price crash. But I do not care, I do not have a car, right? 🙂

    cheers,

    Alex

    #764

    FrankRichards
    Participant

    Alex,

    If you are a proper TAEr you have a religious belief that the financial collapse will happen faster than the hydrocarbon collapse.

    Since this sort of reduces to ‘engineers are better at their jobs than financiers are at theirs’ I remain strongly tempted to agree. However, one must recall that the engineers are dealing with Mother Nature, and the financiers with politicians. It is possible to slip something past either referee, but which one is harder?

    Frank

    #767

    el gallinazo
    Member

    Alex Jones has a rather long and interesting interview with Nigel Farage, the iconoclastic, thorn-in-the side UK representative to the European Council. Farage’s take is quite interesting. Recommend you download the file as the interview is interrupted by commercials, which are more easily dealt with on a download than a stream. Can be found at:

    eed://rss.infowars.com/Alex.rss

    and the interview begins at 2:33.27 into the show.

    #793

    Anonymous

    Fagare does put the eurocrats in their place.
    He seems especially fond of mr Schulz.

    https://www.youtube.com/watch?v=yYHUR1E7xaI
    There’s special irony in that despondent soviet anthem, a reminder that central planning just doesn’t work.

    https://www.youtube.com/watch?v=ez-88_hIrLY&feature=related
    This is a good overview of Farage’s foresight.

    The geometry of Democracy is a function of Gravity.

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