Adrian, via email: “So not the recovery we have been promised, what no increase in trade? Its like they lied to us!“
5 Replies to “It’s Probably Nothing”
How do you generate a recovery when per capita debt exceeds ability to pay? So yes central banks desperately issue new money to deflate their debt and make their exports cheaper. What happens when everyone does this?
We will ride a deflationary spiral until hyper inflation kicks in and total panic ensues. There are no wise sages in control now. Fiscal conservatism has been laughed at for decades. Conservatives did not have the philosophical ‘balls’ to stay true to the reality. Their thirst for power trumped their convictions. The world’s adolescent phase has almost ran its course and the mature appreciation for ‘real’ economics will come to play. What my parents grew up in during the ’30’s will replay itself as it has numerous times.
I think society is currently at about paragraph 6 of “The Gods of the Copybook Headings”.
Next up is paragraph 7:
In the Carboniferous Epoch we were promised abundance for all,
By robbing selected Peter to pay for collective Paul;
But, though we had plenty of money, there was nothing our money could buy,
And the Gods of the Copybook Headings said: “If you don’t work you die.”
The only real question is whether that happens in a year, or ten years, or twenty.
Best to stock up on dry goods, just in case.
How come English Bay in Vancouver is full of ships at anchor waiting to load or unload bulk cargoes?
lotsa bulk cargo ships, not so much container ships, they go straight to dock.
i got enough consumer crap for now. time to save $$ for the apocalypse.
What ever happened witha NAFTA? that Bill the Rapist supported
How do you generate a recovery when per capita debt exceeds ability to pay? So yes central banks desperately issue new money to deflate their debt and make their exports cheaper. What happens when everyone does this?
We will ride a deflationary spiral until hyper inflation kicks in and total panic ensues. There are no wise sages in control now. Fiscal conservatism has been laughed at for decades. Conservatives did not have the philosophical ‘balls’ to stay true to the reality. Their thirst for power trumped their convictions. The world’s adolescent phase has almost ran its course and the mature appreciation for ‘real’ economics will come to play. What my parents grew up in during the ’30’s will replay itself as it has numerous times.
I think society is currently at about paragraph 6 of “The Gods of the Copybook Headings”.
Next up is paragraph 7:
In the Carboniferous Epoch we were promised abundance for all,
By robbing selected Peter to pay for collective Paul;
But, though we had plenty of money, there was nothing our money could buy,
And the Gods of the Copybook Headings said: “If you don’t work you die.”
The only real question is whether that happens in a year, or ten years, or twenty.
Best to stock up on dry goods, just in case.
How come English Bay in Vancouver is full of ships at anchor waiting to load or unload bulk cargoes?
lotsa bulk cargo ships, not so much container ships, they go straight to dock.
i got enough consumer crap for now. time to save $$ for the apocalypse.
What ever happened witha NAFTA? that Bill the Rapist supported