Financial topics

[Trevor]

One thing I have noticed is that the "little guy" is just as willing to screw over his employer given half a chance. This means that we've got bosses willing to screw over employees and employees trying to screw over their bosses. Everybody is trying to cheat everyone else; no wonder things have gone to hell.

[aedens]

One thing I have noticed is that the "little guy" is just as willing to screw over his employer given half a chance. This means that we've got bosses willing to screw over employees and employees trying to screw over their bosses. Everybody is trying to cheat everyone else; no wonder things have gone to hell.

Honesty is the first chapter in the book of wisdom.
Thomas Jefferson

The Euro: For the federal state parliament 1528 in latin works out-formulated now became as Monetae cudendae ratio communicated, and served relating to financial policy decision making. Kopernikus pleaded for a stable Monetary union, which was only with difficulty compatible with the autonomy of the cities.

And yet with all our socialism, 1 out of every 140 Belgians is a millionaire. You must admit the Socialist do not admit irony in their Eurotopian Hypocrisy.

[OLD1953]

If I was drawing that chart, the GOP and DNC would be overlapping almost totally, but then I go by what they actually DO, not their platform rhetoric. If either parties proposed platform from any election I can remember since I was old enough to vote was ever enacted into law as stated in that platform, we'd have armed revolt almost immediately. It's probably a damned good thing almost nobody ever reads those documents. They are generally repulsive to any thinking person.

Personally, I think anyone expecting less and smaller government after the crisis is dreaming. It will certainly be different government, but less government? I'll do one of Vinces challenges here, can anyone show me a single instance, in which a government did not collapse and get utterly replaced where the government got smaller after a crisis? The US govt did not get smaller after the Constitution was signed, the US govt did not get smaller after the Civil War, and it certainly did not get smaller after WWII, apart from the usual "release the troops and wind down the war machine" kind of smaller. We smashed Japan and Germany, and they certainly got smaller government. The Soviets smashed a number of countries, and they certainly did not get smaller governments. It's pretty rare for governments to downsize.

[vincecate]

Personally, I think anyone expecting less and smaller government after the crisis is dreaming. It will certainly be different government, but less government? I'll do one of Vinces challenges here, can anyone show me a single instance, in which a government did not collapse and get utterly replaced where the government got smaller after a crisis? [...] It's pretty rare for governments to downsize.

When the central government in the USSR collapsed the population sees a smaller government after the crisis. The empire layer of government was gone but you still had the country level. Many revolutions for independence throw off a layer of government and so the citizens have less load on them. Anguilla used to be part of a 3 island federation but while we sent taxes off with less than 10% of the total population Anguilla could never get the votes to spend money on Anguilla. But since the revolution we have not sent taxes off anywhere and things have been much better here. So while I agree that governments tend to grow over time, I think revolutions tend to reduce the total government.

So my hope/expectation is that when the US central government loses the power of printing money, because nobody will take it any more, it will either collapse completely or have to make drastic cuts. Spending twice what it gets in taxes will no longer be an option after hyperinflation. Much of the power of the Federal government over the states is by paying them to do what the Federal government wants. Once they can't pay with printed money they won't be able to control the states so much. So the Federal government just can't be so powerful if the money fails.

Oh, several European countries are making drastic cuts as part of this crisis. So some governments are getting smaller.

I think there is good evidence that a countries 10 year growth rate is better the smaller the government it has:
http://pair.offshore.ai/38yearcycle/#governments

The following gave me a smile:

stupidkeynesians.jpg (37.95 KiB) Viewed 117 times

[Higgenbotham]

H the algo's will destroy all and will destroy anything or anybody in there way. If you are not in the club it will be like Indonesia soon. Ask for a public service and organize they will simply murder you.

I look at the stock markets around the world like this. The public has left the building, whereas the public is usually left holding the bag. But not this time. Somebody else is holding the bag this time. And those somebodies are very scared, and that explains what happened in India, and why it was not reported (outside of India). A 7% drop in a major world stock exchange in seconds is news - big news. It would be like if the Dow dropped 1,000 points in seconds.

Domestic Equity negative every month for the past year - public selling of stocks.

http://www.ici.org/info/flows_data_2012.xls

[thomasglee]

If I was drawing that chart, the GOP and DNC would be overlapping almost totally, but then I go by what they actually DO, not their platform rhetoric. If either parties proposed platform from any election I can remember since I was old enough to vote was ever enacted into law as stated in that platform, we'd have armed revolt almost immediately. It's probably a damned good thing almost nobody ever reads those documents. They are generally repulsive to any thinking person.

Personally, I think anyone expecting less and smaller government after the crisis is dreaming. It will certainly be different government, but less government? I'll do one of Vinces challenges here, can anyone show me a single instance, in which a government did not collapse and get utterly replaced where the government got smaller after a crisis? The US govt did not get smaller after the Constitution was signed, the US govt did not get smaller after the Civil War, and it certainly did not get smaller after WWII, apart from the usual "release the troops and wind down the war machine" kind of smaller. We smashed Japan and Germany, and they certainly got smaller government. The Soviets smashed a number of countries, and they certainly did not get smaller governments. It's pretty rare for governments to downsize.

In looking at that chart, the names of both parties are pretty well aligned from what I see, which is what I think you're expressing you'd expect to see.

[aedens]

H the algo's will destroy all and will destroy anything or anybody in there way. If you are not in the club it will be like Indonesia soon. Ask for a public service and organize they will simply murder you.

I look at the stock markets around the world like this. The public has left the building, whereas the public is usually left holding the bag. But not this time. Somebody else is holding the bag this time. And those somebodies are very scared, and that explains what happened in India, and why it was not reported (outside of India). A 7% drop in a major world stock exchange in seconds is news - big news. It would be like if the Dow dropped 1,000 points in seconds.

Domestic Equity negative every month for the past year - public selling of stocks.

http://www.ici.org/info/flows_data_2012.xls

Dealers say algo trade from large foreign institutional investors triggered freak crash
BS Reporter / Mumbai Apr 21, 2012, 00:33 IST We discussed very early here the preservation of capital and some did. We also warned here water, wheat and weather i.e "season". Also on the wire: Gold bugs, however, shouldn’t get too happy about Iran’s plight. There are five principal factors that will depress anticipated demand for gold used to buy Iranian oil. First, other countries will also be bartering agricultural and manufactured goods. Russia and Pakistan, for instance, will undoubtedly continue wheat-for-petroleum arrangements. pros kairos http://www.alt-market.com/articles/722- ... the-dollar
Second, Tehran, out of apparent desperation, in February said it would also accept local currencies, thereby avoiding the U.S. financial system. As a result, the Indians announced in January that they would not request a waiver from the Obama administration, and they began opening rupee accounts to pay for as much as 45% of their oil purchases with their currency. In 2011, India exported only $2.7 billion to Iran while buying $9.5 billion in oil. Similarly, the Chinese, smelling blood in the water, will surely press the Iranians to accept the non-convertible renminbi.

[Trevor]

I've heard that India's economy is slowing down as well, making the world financial system even more fragile than it currently is. It'd be interesting to know if that was just a false panic, or a trend of things to come.

[aedens]

I've heard that India's economy is slowing down as well, making the world financial system even more fragile than it currently is. It'd be interesting to know if that was just a false panic, or a trend of things to come.

http://www.survivalinternational.org/news/8251 Trend this closely Trev. Human rights are defined by....... the trends are here my friend all around us.
This is for a followup article in the forums. I will be very brief, my mother in law just turned 84. Her grandmother was hunted by our government. She married a french missionary and they ran for very lives. Who are the civilized people.
"There are," he says, "two consequences in history; an immediate one, which is instantly recognized, and one in the distance, which is not at first perceived. These consequences often contradict each other; the former are the results of our own limited wisdom, the latter, those of that wisdom which endures.

[aedens]

http://www.api.org/Oil-and-Natural-Gas- ... mmary.ashx