GLOBAL: End of the American empire?

Monday, October 19, 2009

http://thehill.com/blogs/pundits-blog/economy-a-budget/63005-going-bust-the-end-of-an-age

Going bust: The end of an age
By Bernie Quigley – 10/14/09 09:50 AM ET

*** begin quote ***

We might consider thinking about the benefits of regionalization, because if the U.S. economy is to contract and consolidate, it might contract within a matrix that makes for better packaging than the internal world-without-walls we have now. Does northern New England really need four farm colleges? One might work better. We might begin to think about tax spending and tax breaks to encourage naturally occurring regional cultures and regional community tier economies. We might feature farming where there are farms and factories where there are or have been factories. Because life in the city is different than the hills and prairies and one size does not fit all in temperament, personality, culture and economics.

And we might begin to ask ourselves, How did we get to where we are? What do we want to be? What have we become?

*** end quote ***

Would seem that we have to hunker down. Get “small”. And, maybe secession is a good idea to do that?

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MONEY: UN says kill the dollar!

Tuesday, September 8, 2009

http://www.telegraph.co.uk/finance/currency/6152204/UN-wants-new-global-currency-to-replace-dollar.html

UN wants new global currency to replace dollar
The dollar should be replaced with a global currency, the United Nations has said, proposing the biggest overhaul of the world’s monetary system since the Second World War.
By Edmund Conway, Economics Editor
Published: 6:45PM BST 07 Sep 2009

*** begin quote ***

In essence, the report calls for a new Bretton Woods-style system of managed international exchange rates, meaning central banks would be forced to intervene and either support or push down their currencies depending on how the rest of the world economy is behaving.

*** end quote ***

And, why are we in the UN? We’re financing this “barbara streisand” against our own self-interest. We “nuked” Sadam for suggesting oil should be priced in Gold not dollars. Let’s see if we do the same to the UN for a similar suggestion!

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INTERESTING: 50 year old ocean flow mode is wrong; “global warming”?

Monday, May 25, 2009

Ocean Circulation Doesn’t Work As Expected

from Slashdot by kdawson

techno-vampire writes with word that a long-accepted model of deep ocean currents is inaccurate. Deep Sea News has a summary of the research, to be published in Nature. The Woods Hole press release has more details. “A 50 year old model of global thermohaline circulation that predicts a deep Atlantic counter current below the Gulf Stream is now formally called into question by an armada of subsurface RAFOS floats drifting 700 – 1500m deep. Nearly 80% of the RAFOS floats escaped the Deep Western Boundary Current (DWBC), drifting into the open ocean. This confirms suspicions that have been around since the 1990’s, and likely plays havoc with global models of climate change.”

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A fifty year old model is wrong! And “global warming” is based on what model? How old?

Argh!

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GLOBAL: Looking for an exemplar of what might happen here

Sunday, October 12, 2008

http://www.impactlab.com/2008/10/11/studying-japans-dark-years-to-see-how-the-us-might-fare/

October 11th, 2008 at 4:32 am

Studying Japan’s Dark Years to See How the U.S. Might Fare

*** begin quote ***

Japan in the 1990s saw billions of dollars worth of wealth disappear. A generation of “parasite singles” grew up, living with their parents well into their 30s. The suicide rate spiked, and university graduates spent years in part-time jobs. Japanese entrepreneurs had no or limited access to capital, stymieing innovation. Yet the standard of living for the average Japanese did not dramatically change — the pain of the crisis unfolded over many years and the government refrained from dire pronouncements.

Unemployment would peak at only 5.5 percent, an enviable rate for much of the world in good times. Deflation — or price declines as gloomy consumers and skeptical businesses put off purchasing — sickened the economy. Yet leading experts now agree its impact was not as severe as originally thought.

Japan saw repeated years of low or negative growth, but the final tally was something short of a decade-long recession — with the 10 years leading up to 2000 averaging out at almost 1 percent growth. Companies like Toyota would prosper in adverse times, forced to sharpen their competitive edge. Emerging in the 2000s as the leader in hybrid cars, Toyota found itself on stronger footing than its U.S. counterparts.

*** end quote ***

Well, our politicians are dumber than the average bear in the woods. So what is our five or ten year forecast?

On the plus side, they can’t hide the distress. Unlike the Japanese did.

On the minus side, the Japanese people are savers; we aren’t. (As a nation. Not me personally. Now that I’m in the retirement red zone, I’m trying to make up for lost time and all my relatives will have to fend for themselves. Unless one of my books goes platinum, they would be kept in the style that they’d like to become accustomed to! And Frau Reinke could make a frugal squirrel look like a spendthrift.)

On the minus side, more than half of the people work for the gooferment. That’s not a model that can sustain itself. Especially, if the gooferment raises taxes and “producers” decide to chuck it all and go on the dole.

Inflation is unavoidable. Where do they get all these billions they are printing? Certainly not from savings. “Re capital ization”, my tush. Capital only comes from savings. You know Robinson Crusoe forgoes eating a fish so he can eat while he makes a fish net. Savings. Real savings.

Unfortunately, the sheeple are going to get a real “eddykation in ecckkyynomicks”. It’s called the dismal science for a reason. It’s dismal. There are NO silver bullets in real life. You can’t have it all. And, no amount of printing press money is going to make it so.

Forecast: Runaway inflation. More gooferment spending. More pain in the country at below the Teddie Kennedy level. (Don’t you love how rich politicians — redundant repetition of terms –have the audacity to say “i feel your pain”!) Fixed income folk takes the brunt.

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GLOBAL: When a “national government” goes nuts?

Wednesday, October 10, 2007

http://www.telegraph.co.uk/news/main.jhtml?xml=/news/2007/10/06/wzim106.xml

White farmers in court for growing crops
By Peta Thornycroft, in Johannesburg
Last Updated: 12:17am BST 06/10/2007

***Begin Quote***

Ten white farmers appeared in court in Zimbabwe yesterday accused of growing crops on their land — in a country where millions of people will need food aid within the next few months.

The case in Chegutu district, 70 miles southwest of Harare, exposes the perversity of President Robert Mugabe’s policies. Commerical agriculture was the mainstay of the economy in the days when Zimbabwe was a food exporter.

Since 2000, when the government began seizing white-owned farms, many of them violently, the agricultural sector has collapsed and the economy has gone into freefall, with inflation now at 6,600 per cent, the highest in the world.
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The World Food Programme estimates that it will be feeding 4.1 million Zimbabweans, one third of the population, by the end of the year.

But none of that has stopped the Zanu-PF regime.

{And the article goes on … …}

***End Quote***

Sad to say, but I feel no compunction to bail out suicidal people.

4.1 Million on the dole there? Nope, sorry. Not my problem.

Hopefully none of the moeny stolen from me by that gooferment gang is going to fund this nonsense.

Sorry, but the dole — regardless if it here or there — is MORALLY wrong.

We’re denying people the chance to learn from their mistakes.

Charity freely given is fine; theft is not.

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GLOBAL: Islam’s veil is symptom of their problem

Sunday, September 16, 2007

http://www.worldnetdaily.com/news/article.asp?ARTICLE_ID=57573

Head of Reform Judaism says wearing veil should be respected
Posted: September 11, 2007 1:00 a.m. Eastern
Dennis Prager

*** begin quote ***

Anyone with even a cursory knowledge of fundamentalist Muslim culture – whether in the Muslim world or in the West – knows that, given the social, religious and familial pressures on women to wear a veil, the veil is not worn voluntarily in any meaningful sense of the word.

But while the rabbi respects Muslim women who choose to wear the veil, he had words of contempt for American women who choose to dress like Lindsay Lohan. Like others on the left, Rabbi Yoffie only has standards for Westerners, especially Americans, not for other cultures. It is the left’s soft bigotry of low expectations that has often been noted.

*** end quote ***

Well in my world view, everyone can do what they want to the extent that it doesn’t infringe on their neighbor’s rights.

If that section of the globe wants to disempower half of their population, then that’s their problem. Not mine.

I agree that the “liberal left” in the USA gives people a pass instead of expecting high performance.

As far as women “volunteering” to hide behind a veil, that’s fine. You only have the rights you are willing to fight for. It’s been that way since the dawn of time.

In the USA, we have to respect religion as a right enshrined in the Constitution. The gooferment has to tread lightly. We, as people, don’t. If you’re out in wackyland, I can call you on it. Just as you can, me.

I want everyone in the USA to be all that they can be.

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GLOBAL: Lest we forget who we are trading with

Wednesday, September 12, 2007

http://apnews.myway.com/article/20070911/D8RJBL081.html

Chinese Catholic Bishop Dies in Custody
Sep 11, 11:53 AM (ET)
By ALEXA OLESEN

*** begin quote ***

BEIJING (AP) – A bishop who led an underground congregation of Roman Catholics and was repeatedly detained in China for his loyalty to the Vatican died in police custody, a monitoring group said Tuesday.

Bishop Han Dingxiang, 71, was cremated within six hours of his death Sunday and buried in a public cemetery with no priests or other faithful present, both groups said.

*** end quote ***

… and lest we forget, who has 5T$, from our trading with them.

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