Generational Dynamics Forum - New Site

Good article. I'm sure you read it. <-----> No, I will soon. Thanks H

Reality Check wrote:

thomasglee wrote:
If you'll notice, I used "future tense", indicating what I expect to see, and what I "assume" they will seek, in the future. I never stated that the jobs have moved back. That will take time.

I am not sure the entire discussion above about manufacturing jobs returning to the United States has been about the future only.

But I do agree with your statement above "that (it) will take time" to see manufacturing jobs actually return to the Unites States ( and they have not returned in any meaningful way yet), but it will also likely take a break down in the global trading system, or a total collapse of the difference in wages between the developing world and the United States for a significant move of manufacturing jobs back to the United States to occur.

The later being something along the lines of a return to a subsistence existence for a large proportion of the American people.

China is not the only low wage location for manufacturing and as long as the global trading system functions and all Americans enjoy such high standards of living, manufacturing jobs will not return to the United States in any significant number. Even those on food stamps and in public housing in the United States are wealthy compared to a subsistence farmer in the developing world.

I personally believe a break down in the trading systems as a result of a crisis war being more likely, but both could happen.

I am pretty much in full agreement with you.

Course, we might make a different decision after the end of WWIII. We've made a similar mistake that Russia did with Germany: our debt and technology have helped build the military that China is eventually going to turn on us.

Trevor wrote:Course, we might make a different decision after the end of WWIII. We've made a similar mistake that Russia did with Germany: our debt and technology have helped build the military that China is eventually going to turn on us.

http://www.uhuh.com/nwo/communism/comgoals.htm check list

This is what they see coming http://fraser.stlouisfed.org/docs/meltzer/fisdeb33.pdf

http://mises.org/daily/1914

In all honesty, I think we're going to have to hit bottom before we learn any financial self-control. Yep, China has to do nothing in the Nash matrix
outcome.
http://miha.ef.uni-lj.si/_dokumenti3plu ... ke1983.pdf

Call it (Optimist or aftermath), she's turning blue http://www.youtube.com/watch?v=zlysZAUN ... re=related check list

GMO get more out, empirical evidence is disturbing to digestive disorders. http://duckduckgo.com/?q=gmo+digestive+disorders Its real
Physicians are removing all GMO before effective treatments can begin. Wake up

I watched inside job again. No clue how we made it this far. Just a temporary blip on the radar from the Hill on down opinion.
Rubin, Summers, Greenspan, very disturbing.

http://csis.org/multimedia/audio-great- ... rned-japan

Over the past 80 years, the United States government has engineered not one, not two, not three, but at least four rescues of the institution now known as Citigroup.

Have they changed their behavior? No. They have – with the Fed’s blessing – simply changed casinos, and for the last decade or so, have put all of their chips into CDOs, CDS, and other http://www.nytimes.com/2009/11/01/busin ... 1leveraged and securitized bets built like a house of cards on top of subprimes and option arms and alt-as and whatnot. Now they’ve lost and gone bankrupt again. And the Fed playbook obviously includes pretending banks are solvent when they are not.

William K. Black’s statement that the government’s entire strategy now – as in the S&L crisis – is to cover up how bad things are (“the entire strategy is to keep people from getting the facts”) makes a lot more sense.

The Pretence of Knowledge

Friedrich August von Hayek
Lecture to the memory of Alfred Nobel, December 11, 1974

In fact, in the case discussed, the very measures which the dominant "macro-economic" theory has recommended as a remedy for unemployment, namely the increase of aggregate demand, have become a cause of a very extensive misallocation of resources which is likely to make later large-scale unemployment inevitable. The continuous injection of additional amounts of money at points of the economic system where it creates a temporary demand which must cease when the increase of the quantity of money stops or slows down, together with the expectation of a continuing rise of prices, draws labour and other resources into employments which can last only so long as the increase of the quantity of money continues at the same rate - or perhaps even only so long as it continues to accelerate at a given rate. What this policy has produced is not so much a level of employment that could not have been brought about in other ways, as a distribution of employment which cannot be indefinitely maintained and which after some time can be maintained only by a rate of inflation which would rapidly lead to a disorganisation of all economic activity. The fact is that by a mistaken theoretical view we have been led into a precarious position in which we cannot prevent substantial unemployment from re-appearing; not because, as this view is sometimes misrepresented, this unemployment is deliberately brought about as a means to combat inflation, but because it is now bound to occur as a deeply regrettable but inescapable consequence of the mistaken policies of the past as soon as inflation ceases to accelerate.

http://www.nobelprize.org/nobel_prizes/ ... cture.html

I'm aware of the Austrian point of view but haven't extensively studied the writings. But in doing some research this morning and reading Hayek's speech, there is similarity to this speech and my own thoughts at this time as recorded here in recent days. What Hayek is saying here is obvious. If I can understand this, do the likes of Krugman, Bernanke, and Yellen really not understand it?

Higgenbotham wrote:As I've quoted, Bernanke has stated that ZIRP is the route to "maximum employment", in his words. It isn't, but it may be the route to maximum employment of the baby boomers right now.

Higgenbotham wrote:On the other hand, if the budget is balanced next year and the excess $1.5 trillion disappears, then my assumption would be that no matter how good Yahoo's CEO is, there will be no possible way to turn Yahoo around.

http://www.businessweek.com/articles/20 ... ot-estonia

Krugman can't fool those who've lived under communism and they are vocal about his deceptions. In Business Week of all places.

The next morning Jürgen Ligi, the country’s finance minister since 2009, had to comment on them at a press conference. “Maybe the style can be argued,” he tells me. “For example, the reaction was really sensitive, blaming Krugman, but the general idea was right. Krugman was clearly wrong. He clearly doesn’t understand differences of choices between America and in a small economy. By a Nobelist, it was a shame.”

http://www.excellentfuture.ca/sites/def ... ildren.pdf

This slow rate of progress, or lack of progress, was due to two reasons-to the remarkable absence of important technical improvements and to the failure of capital to accumulate.

I have in my lifetime witnessed the total movement and means of production from analog to digital reductionism on a level very few even can comprehend.
Never will Krugman or there kind surrender to fact with even a modest education they are not needed or wanted. They will destroy it all to fight the last war.
You are correct the ones who survived Communism conveyed who and what the vapid pushers are inside. We sent bluejeans and marlboro reds as currency to restart and stabilize a few people as togeather our people buried there frozen dead. It is impossible to convey to the bent of minds given to them. As I conveyed some time ago Leo Tolstoy gave the world such a profound gift based on Luke 17:21. He conveyed before it existed the rise and fall of that Nation in the redition I read from 1899. As you conveyed they will not learn. I have read a few other rendition to what some are seeing, but never mind. Prepare and may mercy fill your days. It may pass, I am under the conviction it shall not pass.

aedens wrote:This slow rate of progress, or lack of progress, was due to two reasons-to the remarkable absence of important technical improvements and to the failure of capital to accumulate.

What comes to my mind as I read this quote by Keynes is how do the mandates of "price stability" and "maximum employment" cited by Bernanke and the "tools" used to supposedly achieve those mandates relate to "technical improvements" and "capital accumulation" which Keynes cites? My answer would be that ZIRP is freezing the economy in place, disallowing technical improvements, while at the same time ZIRP is causing capital to waste away rather than being accumulated. If the wasting process could be stopped, the unemployment wouldn't be so bad because there would be lower costs and enough capital for those who are unemployed to innovate.

No I agree and alluded to the implosion of the 3 rings, of shock energy. I would posit to convey social. My children have seen the smoke in the chamber
and revile the notion of this evil. Credit is alien to them since they know what and who looms over there very being. Waste, hubris and history spell it out.
http://www.youtube.com/watch?v=nbbnMXZLPHk

Eggertsson, Gauti and Krugman, Paul (2010), “Debt, Deleveraging, and the Liquidity Trap”, mimeo
http://www.princeton.edu/~pkrugman/debt ... _ge_pk.pdf

Fisher, Irving, (1933), “The Debt-Deflation Theory of Great Depressions,” Econometrica, Vol. 1, no. 4.
http://fraser.stlouisfed.org/docs/meltzer/fisdeb33.pdf

If the debt-deflation theory of great depressions is essentially correct, the question of controlling the price level assumes a new importance;
and those in the drivers' seats—the Federal Reserve Board and the Secretary of the Treasury, or, let us hope, a special stabilization
commission—will in future be held to a new accountability.

Koo, Richard (2008), The Holy Grail of Macroeconomics: Lessons from Japan’s Great Recession, Wiley.
http://csis.org/multimedia/audio-great- ... rned-japan

Minsky, Hyman (1986), Stabilizing an Unstable Economy, New Haven: Yale University Press.

They caused this, not us. What merit do they instill to no man in common law? You correctly forwarded what Hayek
knew. I will reread that material. If these banks blew to a trillion pieces it would be the beginning. Never will they
free the children. Truly I have seen how they treat the plain people and the yoke of debt induced predators unbridled
as they crush the next generation and repressionary seisures the elders. A social rubican has been crossed and more will
never come back to these lunatics. I have seen this evil before as many.