Formerly T-Bear

 
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  • in reply to: Debt Rattle June 24 2022 #110301
    Formerly T-Bear
    Participant

    Remember this day, Friday, 24 June 2022, another day for the Infamy Files if anyone recalls the disaster that began on that day giving birth to Infamy.

    Of sources of conflict that nurture emotion, few can surpass birthing. Many times conflict does not occur and supportive emotions exist. It is the times conflict does happen that engender the greatest emotions; conflicts arising from countless wells, no law can be written to address the smallest number of conflicts, no morality can provide justice, no court can hear even the smallest fraction to adjudicate equality.

    There was a wisdom found by the court that found in Roe vs. Wade that found a sweet spot to the conundrums. Instead of a national law which could not be written, for political and legal reasons; or relying on the various states to try local legislation creating a hodgepodge of conflicting laws that would in effect make a citizen effected in one state fully empowered while in another a similar citizen became second or third class in receiving equal treatment under the law, the court removed law from entering into the citizen’s exercise of their options, and it removed legal liability from those medical services that would provide the needed assistance.

    That is what was destroyed by judicial ideologues pretending morality today. Roe vs. Wade cannot be restored now. A citizen in Mississippi will not be equal to a citizen of California, or anywhere else anymore as state laws governing the fraught issues surrounding birth will vary in scope and quality of latitudes of considerations given, and the courts will be inundated with suits for exception and equity in untold conflicts. Keeps lawyers employed.

    Like prohibition, this decision will profoundly affect the nation in unforeseeable ways, changing life like prohibition did. The lesson of prohibition has been forgotten but is still able to reteach that lesson now that absolute morality has reared its head again. Be damned careful what you wish for, you may deserve getting it.

    in reply to: Debt Rattle June 19 2022 #110003
    Formerly T-Bear
    Participant

    Noirette at 109996

    Acknowledging your reply. In that piece I did not define the terms but there are definitions, used as economic definitions that work. The intent was to show a simple version of what economics is when defined by basic principles; four cover production, three cover the range of consumption. At a minimum production and consumption are equal, e.g. low production, low consumption, high production, high consumption or lower consumption and retained production (savings). This eliminates all the ways these can happen as you wrote. This can be used as an analytic tool to view economic processes. Again the functioning definitions have not been included but the basic economic system might be observed.
    “Labour” is essential to the creation of economic goods. No labour involved, the goods are not economic, e.g. air is a very important good but is not an economic good as no labour is required to obtain it. Does that clarify? Capital is merely income not consumed that is used in creating fjurther income – seed corn might be an example. Perhaps these examples may shed light on how these definitions were arrived. Sorry the ‘ul’ on the box header messed up.

    in reply to: Debt Rattle June 19 2022 #109999
    Formerly T-Bear
    Participant

    John Day at 109987

    You’re certainly full of the blather today. What passes as spiritualism today would have been unknown to either Newton or Einstein and you have no evidence for your remarks.

    If it is not evident by now, be assured I have absolutely no intention of entering into discussions of your, or any one else’s beliefs. They have no place at this site either, please take them elsewhere and stop making an ass of yourself. Your version of hallelujah-ing, hosanna-ing, holly roller-ing, blather-ing away in tongues whatever your cult may be is for other sites, and for some reflects poorly on you. You are not that great a cut and paste artist either. And you are certainly not qualified to lecture on Buddhism any more than you are on economics.

    Yesterday at 109935 IIRC your:

    I feel that a an actual “zeitgeist” (time-spirit) is different from the attempts to creat an ersatz “noble lie”, that zeitgeist is the antithesis of the “noble lie”. My feeling is that zeitgeist takes some very long naps, but that it is awake again, like in 1967.

    (highlights mine)

    Frankly your feelings carry absolutely no weight in some quarters, mine included. Your “noble lie”, what0s that, some conspiracy theory of yours? A lot of things happened in 1967, I don’t recall that particular headline to which you refer. For an educated person, your writing leaves lots to be desired.

    This will be my last attempt to have any conversation with you, it seems not worth the candle.

    in reply to: Debt Rattle June 18 2022 #109973
    Formerly T-Bear
    Participant

    Susmarie108 at 109954

    You apparently did not read or comprehend what I wrote above at 109948. No mention of belief was made but had belief been mentioned it would have been categorised as either illusional or delusional in nature.

    My opinion is that your opinion expressed is inane foolish blather but somewhere there is a universal constitutional right involved to express one’s opinion. Trust this acknowledges your reply.

    in reply to: Debt Rattle June 17 2022 #109959
    Formerly T-Bear
    Participant

    Noirette at 109950

    Economics can be modelled as two cycles that feed each other. The production cycle that provides the economic goods that feed the consumption cycle which in turn provides the economic actors that populate the production cycle. That is the economic model at its stark simplicity. Economic production has four sources of economic goods, they are: Land, Labour, Capital and Entrepreneurship.that provide economic goods filling economic: Needs, Wants and Desires that satisfy economic consumption. This handful of underlined words, properly defined describe the greater part of a model of how economics works. In all there are about 21 defined words to complete the model but you can see the basic structure with just these few terms. It shows the mass of BS that goes on in official economic education. The source was a class taken fifty some years ago in Economic History with visiting lecturer whose name is lost for concept credit,

    in reply to: Debt Rattle June 17 2022 #109957
    Formerly T-Bear
    Participant

    What a fouled up piece of trash that turned out to be. Sorry I wasted my time

    in reply to: Debt Rattle June 17 2022 #109955
    Formerly T-Bear
    Participant

    Noirette at 109950

    Economics can be modelled as two cycles that feed each other. The production cycle that provides the economic goods that feed the consumption cycle which in turn provides the economic actors that populate the production cycle. That is the economic model at its stark simplicity.

      Economic production

    has four sources of

      economic goods

    , they are:

      Land

    ,

      Labour

    ,

      Capital

    and

      Entrepreneurship

    .that provide

      economic goods

    filling economic:

      Needs

    ,

      Wants

    and

      Desires

    that satisfy economic consumption. This handful of underlined words, properly defined describe the greater part of a model of how economics works. In all there are about 21 defined words to complete the model but you can see the basic structure with just these few terms. It shows the mass of BS that goes on in official economic education. The source was a class taken fifty some years ago in Economic History with visiting lecturer whose name is lost for concept credit,

    I have used underline to mark economic carefully defined words, I don’t have preview to see result.

    in reply to: Debt Rattle June 18 2022 #109948
    Formerly T-Bear
    Participant

    John Day at 109939

    Formerly T-bear did not say:

    What followed was what I did say, using Zeitgeist = Spirit of the Age and enumerating a number of matters Ersatz = substitutes, fake as the adjective. It is entirely understandable why anyone would prefer some other Zeitgeist. Unfortunately that was not the subject of my efforts.

    Truth is a mirage, it can evaporate upon approach. Things are either true or not and are not fungible between those conditions. Once a great debate took place, whether stones fell from the sky. Those witnessing such asserted the truth that they did. Those not witnessing that event held the truth stones did not fall from the sky. Both sides assuredly held to their truth which once true facts were known, the truth evaporated for one set and was assured the other. That is what I referred to as the mirage of truth. Your definitions may differ.

    Some exception is taken to the necessity of subjugation to your classification – materialistic worldview, particularly when coupled with judgmental right or wrong, all on a presumption. Better you guess the answer.

    Trust the above will settle some of your troubles. Thanks

    in reply to: Debt Rattle June 18 2022 #109938
    Formerly T-Bear
    Participant

    John Day at 109935

    I had given you the best answer I could, twas insufficient by appearance. The truth you seek is a mirage, a deception but that is strictly your affair and the beauty of each having their own search to conduct whether successfully or not. All the best.

    in reply to: Debt Rattle June 17 2022 #109907
    Formerly T-Bear
    Participant

    John Day at 109906
    The German language has a word – ersatz – that may describe the zeitgeist (another German word) of the day. Ersatz News. Ersatz government. Ersatz education. Ersatz economy. Ersatz medicine/Ersatz vaccinations. Ersatz living. Ersatz beliefs. And so on. There is no right or wrong involved – it’s ersatz, maybe a dream, maybe a nightmare, all depends on the measure at hand. Economics has become a thought collective, a Hollywood “Borg”, self generating, self confirming ersatz. That is all.

    in reply to: Debt Rattle June 17 2022 #109893
    Formerly T-Bear
    Participant

    Noirette at 109888

    Thank you for the reply about First Law of Economics.

    I do find disagreement with you about Economics being a science, it definitely is, but the current form it takes puts that assertion into question. The solution is the current conception of Economics is invalid. You may search for roots and find vague traces occurring mainly in the Austrian School appearing post WW i, and a few interpretations of early French Economic philosophic studies (know also to Adam Smith) but no coherent presentation until the Chicago School, vintage WW II and later. This conception is known these days as MBA (Master of Business Administration) Econ 101 and is the universally taught and accepted version of Economics, its ultimate form is that of an ideologic black hole; once captured by its ‘gravity’ not even light can escape its influence. Several notable Economists have analysed its structure and have attempted escape velocity but still find themselves orbiting MBA Econ 101. Steve Keen is working on mathematical models more likely to function than those of Econ 101 but that only removes a few contradictions inherent in the prevailing economic ideology.

    TINA (There Is No Alternative) dominates what passes as Economics and will for the foreseeable future. At this time Economic history has been eviscerated as a study, little value is assigned its utility. Most all historical Economic development has been discarded. Michael Hudson is another whose analytic knife cuts deeply into Econ 101 inconsistencies but again posits no alternative. A large part of the problem of finding an alternative to Econ 101 can be put at the door of economic language itself. Unlike any other science, economics has not defined specifically its terms which escape into fungibility. Sociology is scientifically sound because of defined terms in the same way physics is defined by mathematic formula. Only economics has a seat at the Queen of Hearts tea table, things meaning just and only what the speaker meant.

    So completely does MBA Econ 101 dominate the thinking about economics that its influence will be overcome once the economic catechism passes from living memory. When that will be is unpredictable, chance can always find a way to emerge, just the way Newton emerged from Ptolemaic perception and Einstein from Newtonian. That emergence will not happen under current conditions.

    I trust the above will give some picture of the unease with the statement Economics id not a science and why. It is important to keep searching, questioning and exploring what is being produced, but also what has been produced and giving ear to new ideas in economics. After all, The Wealth of Nations is only about 250 years old that marks the birth of economic study. Most other sciences have more ancient roots.

    in reply to: Debt Rattle June 17 2022 #109859
    Formerly T-Bear
    Participant

    Red at 109857

    Laws? There are no laws in economics, just bad math.

    First ‘Law’ of Economics: Bad math (math skills – logic) results (=) in bad answers. Take it from there.

    Do not confound ‘Ideologic economics’ with ‘philosophical study economics’ and neither of those with ‘business economics’ or ‘political economics’. Is your head spinning yet?

    An old adage advises that if you want to do well for yourself, never work for another(‘s benefit). You are selling your time for another’s profit. Treasure your time, it is the gold that feeds your life. Be in command of how your time is spent and how it produces the goods that fill needs, wants and the occasional desire. All else tends toward illusion or delusion; amusing to watch, life consuming to be involved. YMMV

    at 109856
    Withdrawing consent involves withdrawing those connections that support the edifice one has objections. Since almost everything depends on revenue flow, reducing that will have some effect, maybe cumulative but still an effect – the Boycott Principle. If using credit, make sure it is either paid in full or is serviced in a timely manner BEFORE you eat anything yourself. Again YMMV

    in reply to: Debt Rattle June 17 2022 #109855
    Formerly T-Bear
    Participant

    V.A.
    In Ireland where I first heard there was a form of humour the Yanks didn’t understand. I’ve forgotten the form but irony might have been it.

    Myths like “innocent until proved guilty” erode slowly, but they erode long after their original form becomes unrecognisable. And yes, not a good time for justice in a lot more places than the U.S. Time now to withdraw consent where ever one is from what ever that has become misprision of governance. The ‘honest’ way to avoid income tax is to avoid income – use as little as possible and avoid the tax on the balance.

    in reply to: Debt Rattle June 17 2022 #109852
    Formerly T-Bear
    Participant

    At V.A.

    Ooooooooooo…that’s quite the curse…

    What? Wishing someone a long life is a curse?

    I thought Ariel Sharon died way too young.

    in reply to: Debt Rattle June 17 2022 #109848
    Formerly T-Bear
    Participant

    The british home minister has just approved Julian Assange’s extradition to the Evil Empire.

    https://www.rt.com/news/557309-uk-assange-secretary-approves-extradition/

    May she out live her children, and theirs as well.

    in reply to: Debt Rattle June 11 2022 #109480
    Formerly T-Bear
    Participant

    One of the most contemptible pieces of human trash, (RT quote) British Foreign Secretary Liz Truss has described the sentences [death for two captured British mercenaries] as a “sham judgment with absolutely no legitimacy”.(/RT quote). Just exactly how is British “justice” any different in the case of Julian Assange? Or the courts of Scotland treating Craig Murray? When those systems become anything better than dog dirt one wipes from the bottom of one’s shoe, then, and only then, can any claim of not being “sham judgment with absolutely no legitimacy”. and be refuted. Something rotten elsewhere than Denmark, methinks the bard had a myopia of nearby realms.

    in reply to: Debt Rattle June 5 2022 #109105
    Formerly T-Bear
    Participant

    John Day at no. 109092

    @Formerly T-bear and V.Arnold, regarding:
    “Russia is the only superpower with a self-sufficient economy..”
    That is currently an accurate statement. “Autocratic” is the word, “autocracy”.
    The USA is in a fairly distant second place, and China, requiring massive inputs of raw materials, energy and food commodities is completely dependent upon outside sources, like Russia.
    That makes for a very strong alliance against the US/”west”, since Russia has more resources and China has more people and more industry.

    I think the word you are looking for is AUTARKY = self sufficiency which is being confounded, conflated with AUTARCHY = absolute power, despotism by an AUTOCRAT = a ruler having absolute power that forms an AUTOCRACY – an absolute government by one person (dictator, despot, monarch, etc.). AUTOCRATIC = the adjective denoting something having autocrat like characteristics. A problem arising when poorly educated are allowed to make fungible the meaning of words without correction. This fungibility of word use is also rampant in most discussion of economics, sadly to the point such discussion ends as being a useless waste of time. What is observed today is the culmination of 70+ years of cold war political propaganda. That needs undoing before any true discussion can take place with those so exposed. It pays to watch your p’s and q’s when politics, economics and law are involved. YMMV

    in reply to: Debt Rattle June 5 2022 #109085
    Formerly T-Bear
    Participant

    “Russia is the only superpower with a self-sufficient economy..”

    I suppose China is chopped liver.

    in reply to: Debt Rattle May 20 2022 #108226
    Formerly T-Bear
    Participant

    V. A.
    You may like the exhibition at the Guggenheim-Bilbao. You may have to go from home page to exhibitions “Motion, Autos, Art, Architecture” currently on display.

    https://www.guggenheim-bilbao.eus/exposiciones/motion-autos-art-architecture#themes

    Let us know what limbering exercises you’re using; keep us advised on your progress. (smiley thing)

    in reply to: Victory Day in the Motherland #107647
    Formerly T-Bear
    Participant

    V. Arnold

    People without perspective, having near horizons in geography and time, unaware of history or themselves for that matter will cling to any anchor that keeps their feet dry as their Titanic sinks. A Canadian university professor wrote a thesis concerning the authoritarian personality that once went viral. It was noted that authoritarian not only was of the dominate but included also those dominated and that involves a sizeable fraction of any population not having the interior structures to support independence from the herd. Most people are too involved in the minutia of their daily lives to give much thought of matters external to those lives. It is simply just the way things are, the important matters get attention, distant matters are ignored. Add to that the social support beliefs, emotional attachments, myths and trust in authority over fact, knowledge, study, critical assessment and the rational mind and what you are seeing is the result. No one person has the ability to overcome that tsunami of factors. It took FDR’s New Deal assortment of factors, e.g. academia, political supports, to change the status quo just enough to address the economic conditions of the time. The resistance to that change was fierce and eventually was able to destroy the New Deal almost completely as public attention was diverted and lost in the trivia of life.

    Keep your vision and perspective alive but trying to share it will most likely end in tears. Those who can see will and those socially blinkered will miss the message if not be assaulted by your message. The Titanic has been holed beneath the waterline and is going down. The enormous wealth and riches have been spent on the pipe-dreams of empire by arrogant children playing at being leaders, employing the pied piper of media and entertainment. A long dark age will follow until another enlightenment happens without the resources the original had to drive its unfolding. The future must find their own resources for that; we here haven’t that ability to advise and should refrain from trying, as hard as that is to do. YMMV

    in reply to: Debt Rattle May 3 2022 #107233
    Formerly T-Bear
    Participant

    R.I.M.
    Once aeons ago the information about abortions was only available by whisper; who, where, when, etc. Being one of sufficient ‘orbits’ to recall that time little in the way of sexual education was available in the educational system and that which was available was loaded with moral judgment.

    The issue of abortion has only two participants with standing; the woman and her physician, both addressing the facts before them. The physician with the medical facts presented, and the woman with the facts of her life to consider. No other interest has any standing in that decision process; no priest, no lawyer, no bureaucrat, no politician, nobody has a right for even an opinion; close friends and family are on thin ice when carrying an opinion about the condition and must exercise great caution. There are indeed two lives involved, one existing, the other potential. Nature has its ways of deciding which pregnancy will proceed or not according to its own measures. Ultimately it is the decision of the woman alone that decides the social continuation of the condition given the medical opinion of her doctor for guidance. The responsible partner involved may in favourable circumstances offer their opinion and support to the woman but that is the limit their standing. Few are faced with greater responsibility for their decisions than a just pregnant woman.
    Few now have recall of stories of back room abortions, attempts of self-aborting via wire coat-hanger and other damaging attempts to self-abort and the gore and bloody results many ending the ability to conceive again. Keeping medical facilities open and available carries a higher moral duty than realised by the moral opponents of abortion.
    This unique divulging of Supreme Court (SC) deliberations is troublesome and extremely disquieting in that external agendas are politically manipulating the heretofore sanctum sanctorum of the adjudicating deliberations of the SC just prior to politically crucial mid-term Congressional elections. The act itself indicates extreme political panic of a party faced with political extinction after losing their mandate from heaven to rule. Could be either political party knowing current course of behaviour – a political false flag attack on the opposition to discredit (fake news). Those responsible must be publicly crucified.

    in reply to: Debt Rattle April 23 2022 #106666
    Formerly T-Bear
    Participant

    V. A. x 2

    Null
    Never Mind …

    What? You have been introduced to cubism, Art nouveau, classic abstraction, expressionism, modernism among R.I.M.’s offerings and have drawn a blank with Jackson Pollock Number 31 1949? Did you see abstract expressionism without planes, cubes and lines but by use of colour forms alone, how they interact with other colour forms within the frame? The artist working with your imagination is still art, is it not?

    in reply to: Debt Rattle April 22 2022 #106582
    Formerly T-Bear
    Participant

    Seems today the somewhere good ol’ U.S.ofA. has banned all Russian vessels from U.S. ports following the lead of its E.U. quislings. One wonders how that will work out when Russia will only ship fertiliser on Russian flagged, owned and operated ships. Anyone have a guess? Mine is: “I predict a diet in everyone’s future”. Yours?

    in reply to: Debt Rattle April 20 2022 #106477
    Formerly T-Bear
    Participant

    RT is reporting U. S. Secretary of the Treasury Janet Yellen and the British Chancellor of the Exchequer Rishi Sunak have boycotted any G-20 ministerial meetings that the Russian Finance Minister Anton Siluanov is present. Say by-by to the G-20 as an international forum. How infantile can U.S. get; third graders have matured well beyond Yellen and her British lap dog. This stupidity will sever most trust from other leading economies with U.S., U.K. and E.U. leadership for a long time to come.
    (remove spaces either side rt)

    https://www. rt .com/news/554236-g20-summit-boycott-russia/

    in reply to: Debt Rattle April 20 2022 #106463
    Formerly T-Bear
    Participant

    Mr. House,
    Probably not. Little current evidence available. May be at point of extinction now.

    in reply to: Debt Rattle April 20 2022 #106461
    Formerly T-Bear
    Participant

    Warning: Minority Report

    I do not “do” social media in any form at any time.
    TAE of late is reading like social media.
    Once some time ago the site subsisted to large extent on factual exchange and considered opinions.
    Facts are facts only if they can be proven or disproved.
    Beliefs, faith, religion, doctrine, theology, ideology, creeds, cults and cannon all cannot be disproved or proved – they are not factual although they may be fact in they exist.
    Please refrain from making judgments about others based on your non-factual mindset (or anything you learned or remember from MBA Econ 101).
    There are probably other sites available for your opinions, please express them there and allow R.I.M. to conduct HIS site as he deems fit, the presentation of newsworthy flotsam and jetsam from various media in aggregation.
    Many thanks.

    in reply to: Debt Rattle April 20 2022 #106441
    Formerly T-Bear
    Participant

    R.I.M. @ #106437

    Goes to show the British Judiciary are nothing but a¢¢holes, everything that comes out of them smells like sh*t. Defenestrate the whole establishment all together; after a thousand years it’s time for a change, the public is too inured and apathetic to pull their faces from their porridge.troughs – sheeple indeed.

    in reply to: Debt Rattle April 20 2022 #106432
    Formerly T-Bear
    Participant

    @ V.Arnold

    Wake the fuck up!!!

    Are they then woke?
    Careful for what you wish – take better aim – know your foe!

    in reply to: Debt Rattle April 3 2022 #105405
    Formerly T-Bear
    Participant

    On the vast tracks of Nullarbor even an arbusto has stature. Likewise on the wastelands wrought by an artificially educated thought collective that first engulfed the traditional conservative and made neocon wastage , then engulfed the traditional liberal producing neoliberal artefacts and from this base has attacked and subverted a constituted republic leaving nothing but an empty shell of that edifice first erected to counter the wrongs of autocrats; first by subverting the exercise of legal enforcement, tainting the regulators of industry, gaining control of the appointive process to fill judicial office, destroying the associative protections of labour, subverting political policies through bribery and graft and controlling the executive administration through election fraud and ultimately eviscerating the constitution itself but not the image of its existence. A Hollywood movie set has been made of history, replete with actors mouthing their scripts – an illusion, a delusion all in one. The audience has been endlessly informed of the veracity and quality of the production and the professionalism of the leading actors, their performances perfected beyond criticism, what is not to like. This is a snapshot of the ‘Empire Productions’ whist backstage pickpockets are storing their take from the audience watching the performance and preparing to go back for more. The box office safe is long bare of cash. Your world?
    The ‘B’ team has followed the same plot in the European Union and its economic union heart and are now presenting the European version of the original. Would this be your world?

    in reply to: Debt Rattle April 3 2022 #105400
    Formerly T-Bear
    Participant

    New views are beginning to emerge with the Ukrainian episode: One is the leadership of the West are not much more than sheeple and secondly President Vladimir Putin has joined the ranks of those entitled to the appendage “the Great”.

    in reply to: Debt Rattle April 3 2022 #105399
    Formerly T-Bear
    Participant

    New views is beginning to emerge with the Ukrainian episode: One is the leadership of the West are not much more than sheeple and secondly President Vladimir Putin has joined the ranks of those entitled to the appendage “the Great”.

    in reply to: Debt Rattle April 2 2022 #105387
    Formerly T-Bear
    Participant

    Addendum to V.A:,
    Oh Hell, given the ephemerality of memory today that should be inscribed over every door lintel as well.

    in reply to: Debt Rattle April 2 2022 #105386
    Formerly T-Bear
    Participant

    V.A.
    Above is a note re most powerful weapon, information, who controls it and what it controls. This should be engraved on every mirror made and carved into every headstone and memorial.

    in reply to: Debt Rattle March 14 2022 #104211
    Formerly T-Bear
    Participant

    More news from those who are cancelled:

    A drone bearing no markings was discovered by a farmer in northern Romania, not far from the border with Ukraine. The NATO member country’s officials are now investigating the incident, which follows last week’s drone crash in nearby Croatia.

    Police and prosecutors descended on Bistrita-Nasaud county in Transylvania on Monday, after a villager found the aircraft in a field near his house, local media reported.

    Needless to say but anyway: This could be the attack on OTAN that lose the God’s of War. Are you prepared for Armageddon yet? Only one false motion and it starts. Get limber so you can kiss your ass g-by.

    in reply to: Debt Rattle March 14 2022 #104210
    Formerly T-Bear
    Participant

    The UK Supreme Court on Monday rejected Julian Assange’s appeal of the decision to extradite him to the US, where the WikiLeaks co-founder faces espionage charges. It is now up to Home Secretary Priti Patel to authorize the extradition.

    Third time posting w/o url. Nice freedom of speech you got there.

    in reply to: Debt Rattle March 14 2022 #104186
    Formerly T-Bear
    Participant

    Oxymoron at # 104169
    John Pilger wrote a revealing book of Oz; “The Secret Country, The Hidden Australia” ISBN 0-394-57462-1 (Knopf) (and has lived in London ever since). Also, Robert Hughes’ “The Fatal Shore, The Epic of Australia’s Founding” ISBN 0-394-50668-5 (Knopf) narrates the ‘founding’ of the British presence on the continent (supposedly empty at that). It is not hard to conclude today’s Oz is an aggregation of lies. I have offended some readers by stating that the finest Australians descended from people not worth a rope and are ruled by the spawn of their warders; still standing by my words having spent a month traversing the continent and working with a number of sound transplants in the U.S. The books are old but their content is still sterling.

    All the best in contending with inbred authoritarians (numbering about 1 in 20) and whinging limeys (ubiquitous). I have experienced the Oz government and am still at boycott things Australian, do not will not support 3rd Reich British National Socialists.

    in reply to: Debt Rattle March 12 2022 #104115
    Formerly T-Bear
    Participant

    It is probably a sign of the indoctrination passed off as MBA Econ 101 that forms the slander regarding everything John Maynard Keynes that the commentariat seem driven to use. JMK was the great master of economic theory of his era. There were only about six such masters in western economic history; this generation seems hell bent on demeaning, destroying in its entirety what was produced by the master in response to HIS era AS HE LIVED IT, and in doing so destroys a significant part of economic history and the doorway of understanding our own economic era and any possibility of rectifying what is amiss. If you do not actually know your history, you will never know where you have been, where you are now and how you got there or ever have the capacity to plot your future course. Keep to your YT, twits, FB’s and conspiracy theories and as the saying concludes: ‘… or open your mouth and remove all doubt’. If Michael Hudson and Steve Keen ,with their superior abilities, can only orbit MBA Econ 101, your capacity could hardly produce a ballistic trajectory in economics, you have not had an original economic thought of your own and parrot drivel you have been fed. For the most part conversing economics with you is rarely worth the candle. (/rant)

    in reply to: Debt Rattle March 12 2022 #104077
    Formerly T-Bear
    Participant

    @ John Day at # 104071
    My bad, the eyesight missed that. Fully agree Keynesians, particularly of the North American sort mostly missed understanding what Keynes had written. Some troubling stories on how Keynes’ teachings arrived to Harvard to be compounded by later economic advocates who had not understood him themselves but taught their opinions of what Keynesianism was. An economic cluster f**k, beginning to end. N. America never experienced (academically) anything Keynes. I would recommend finding Keynes’ reports and letters regarding the establishment of his ‘World Bank’ and ‘International Monetary Fund’ as it was proposed and not the form emerging from Breton Woods. It would be an eye opener. Probably the source for Churchill’s “Americans get things right, after they’ve tried everything else”
    Keynes’ first book reports on currency flows as related to production in India – “Indian Currency and Finance” (1913)when he worked India Office inWhitehall, predating Hudson nearly half a century with similar observations as you report.
    Thanks for the interesting conversation.

    in reply to: Debt Rattle March 12 2022 #104069
    Formerly T-Bear
    Participant

    @ Oroboros
    Though numerous figures have been given at numerous times, it is speculation and guesswork what may be (or not be) in storage and where that storage is. I have no idea and decline to speculate least it feed some conspiracy theory; it’s the best I can answer.
    During the Great Depression, J.M. Keynes noted the U.S. buying most of the world’s production over some period and the Treasury had an estimated 8-9,000 tons at that time IIRC. How much more went in and when is anyone’s guess given the ‘sanctuary’ given throughout the war years and after.

    in reply to: Debt Rattle March 12 2022 #104064
    Formerly T-Bear
    Participant

    John Day at # 104046
    I’d be sort of careful of assigning ‘one trick pony’ on John M. Keynes. His collected life opus has thirty volumes (including index); I’ve read 28 of the 29 others, (his book on probability will likely not be attempted at this point). I do not have quite the same esteem for Dr.Michael Hudson although he has drawn up some heterodox conclusions, many of which I agree and some that I don’t but like Dr. Steve Keen, another of high calibre scholarship, both have not broken the gravity of BMA Econ 101 and are still in orbit of that ersatz economic theorem.
    I was stationed inEurope when Lindon Johnson pushed ‘Buy American’ and save our gold. Richard Nixon later cut the Gordian’s knot tying gold to currency, avoiding foreign exchange deficit to drain gold reserves. By this time the dollar had become firmly established as the international currency used in valuation, trade and contract, nothing else filled the economic need, or at that point could. No inventory has ever been taken of the U.S. gold reserve; what is there is pure speculation but it has for many years been insufficient to back the U.S. dollar volume at its historic prescribed level. To return to gold as currency or basis of currency restores barter as economic exchange and 3,000 years of economic experience will be back at square one. Your choice, that.

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