Re: Financial topics
Posted: Mon Jul 06, 2009 6:12 pm
This is the trap door. Revenues are plunging.
http://www.ebudget.ca.gov/pdf/BudgetSum ... Charts.pdf
Current budget deficit is projected at $26.5 billion, i.e. 26.5% of revenue.
They must turn on the water NOW to revive agriculture
or save minnows and all hell breaks loose. Water, Food, Shelter, Survival. It will be 6 month
befor the politicians know what the Hell hit them and why would they care now.
Very sad and Ironic how Libtards States topple first. Cap and trade
will finish the rest of the nation off. They do not get it yet
since they care less about ground intell. Public Bill Board
stated are you ready for a Pandemic from the U S Health Department.
People you are so screwed it's description from me is meaningless; They are clueless.
The difference, again, from the airbus article, is the government interferance.
9 months from buying a site in China, Airbus rolled its first passenger jet off the production line.
I work Aerospace and The Government is clueless and disconnected from the public.
===========================================================================
FOR THE LIBTARDS
Keynes: Trade surplus countries should stimulate their economies; Deficit countries should balance trade
John Maynard Keynes was the greatest economist of the 20th century and the founder of modern macroeconomics (the economic study of the economy as a whole). American economists consider themselves to be following Keynes' recommendations when they try to stimulate an economy with stimulus packages, but they studiously ignore the fact that Keynes' had different advice for trade-surplus countries and trade-deficit countries.
After graduation from college, Keynes held the same opinion about free trade that is still held in America's ivory towers and still believed in Washington. He thought that free trade is always the best policy.
Free trade only exists to stabilize vunerable democracy's going left and is the same as welfare on your dime as we are bleed dry since Ms. Schwab trade secratary stated there concern is about loopholes and not balance. Susan Schwab, US trade representative, said such exemptions would defeat the object of the talks, to create trade flows. “As we went through the layers of loopholes . . . we discovered that a couple of our trading partners were more interested in loopholes than market access,” she said.
However, as he began to study the economics of the real world, he realized that countries can improve their own lot by practicing strategies that produce trade surpluses. When they do so, they destabilize the trade deficit countries. As a result, during World War II he worked hard to set up a post-war economic institution that would keep trade in balance so that the post-war expansion in trade could be sustainable.
Volume 25 of his collected writings is full of his plans for the institution that would regulate the world economy after World War II. His institution was to have very different requirements for trade surplus countries and trade deficit countries (pages 79-81), with the goal of keeping trade in balance. Here is what his institution would require of trade surplus countries:
A Surplus Country shall discuss with the Governing Board (but shall retain the ultimate decision in its own hands) what measures would be appropriate to restore the equilibrium of its international balances, including
(a) measures for the expansion of domestic credit and domestic demand:
(b) the appreciation of its local currency ... or, if preferred, an increase in money-wages;
(c) the reduction of excessive tariffs and other discouragements against imports;
(d) international loans for the development of backward countries.
On the other hand, countries with a trade deficit would be allowed to take the following actions:
(i) restrictions on the disposal of receipts arising out of current trade and ‘invisible’ income.
(ii) import restrictions, whether quantitative or in the form of ‘duty-quotas’ (excluding however prohibitions genuinely designed to safeguard e.g. public health or morals or revenue collection);
(iii) barter arrangements
(iv) export quotas and discriminatory export taxes;
(v) export subsidies either furnished direction to the state or indirectly under schemes supported or encouraged by the state; and
(vi) excessive tariff.
Warren Buffet reinvented Keynes' prescription for a trade deficit economy when he put together his Import Certificates plan. This is not really all that surprising. Like Keynes, he has a sound understanding of the way economics works in the real world.
===============================================================================================
I watched The EU piss and moan so Airbus paid lipservice and changed gears.
Games over for EU there about 6 to 9 month behind the States on the stupidity meter.
The eye the storm is passing and the backside off it is nearing. Beware it's path
we have not stopped discharges of staff. Beware souls and your on your own there clueless.
Brush off your Mises. Hayek. and Rothbard your going to need it very soon since think you is if your
paying attention to who is people. The hour is late and Washington is miles behind reality.
Jul 6, 2009 6:36 pm US/Eastern NYC Freezes Hiring Because Of Senate Gridlock
Mayor Bloomberg Delaying Planned City Hires Indefinitely, Says Albany Chaos Is Holding Up New Tax Revenue
No New Cops, Firefighters, EMS Workers Or School Safety Agents.
They are destroying the States as we watch real time.
Name one function of value they create in the Senate. Prove us wrong, and indeed a very cold winter now announces
itself in this summer of discontent.
http://thetechnicaltakedotcom.blogspot.com/
http://www.ebudget.ca.gov/pdf/BudgetSum ... Charts.pdf
Current budget deficit is projected at $26.5 billion, i.e. 26.5% of revenue.
They must turn on the water NOW to revive agriculture
or save minnows and all hell breaks loose. Water, Food, Shelter, Survival. It will be 6 month
befor the politicians know what the Hell hit them and why would they care now.
Very sad and Ironic how Libtards States topple first. Cap and trade
will finish the rest of the nation off. They do not get it yet
since they care less about ground intell. Public Bill Board
stated are you ready for a Pandemic from the U S Health Department.
People you are so screwed it's description from me is meaningless; They are clueless.
The difference, again, from the airbus article, is the government interferance.
9 months from buying a site in China, Airbus rolled its first passenger jet off the production line.
I work Aerospace and The Government is clueless and disconnected from the public.
===========================================================================
FOR THE LIBTARDS
Keynes: Trade surplus countries should stimulate their economies; Deficit countries should balance trade
John Maynard Keynes was the greatest economist of the 20th century and the founder of modern macroeconomics (the economic study of the economy as a whole). American economists consider themselves to be following Keynes' recommendations when they try to stimulate an economy with stimulus packages, but they studiously ignore the fact that Keynes' had different advice for trade-surplus countries and trade-deficit countries.
After graduation from college, Keynes held the same opinion about free trade that is still held in America's ivory towers and still believed in Washington. He thought that free trade is always the best policy.
Free trade only exists to stabilize vunerable democracy's going left and is the same as welfare on your dime as we are bleed dry since Ms. Schwab trade secratary stated there concern is about loopholes and not balance. Susan Schwab, US trade representative, said such exemptions would defeat the object of the talks, to create trade flows. “As we went through the layers of loopholes . . . we discovered that a couple of our trading partners were more interested in loopholes than market access,” she said.
However, as he began to study the economics of the real world, he realized that countries can improve their own lot by practicing strategies that produce trade surpluses. When they do so, they destabilize the trade deficit countries. As a result, during World War II he worked hard to set up a post-war economic institution that would keep trade in balance so that the post-war expansion in trade could be sustainable.
Volume 25 of his collected writings is full of his plans for the institution that would regulate the world economy after World War II. His institution was to have very different requirements for trade surplus countries and trade deficit countries (pages 79-81), with the goal of keeping trade in balance. Here is what his institution would require of trade surplus countries:
A Surplus Country shall discuss with the Governing Board (but shall retain the ultimate decision in its own hands) what measures would be appropriate to restore the equilibrium of its international balances, including
(a) measures for the expansion of domestic credit and domestic demand:
(b) the appreciation of its local currency ... or, if preferred, an increase in money-wages;
(c) the reduction of excessive tariffs and other discouragements against imports;
(d) international loans for the development of backward countries.
On the other hand, countries with a trade deficit would be allowed to take the following actions:
(i) restrictions on the disposal of receipts arising out of current trade and ‘invisible’ income.
(ii) import restrictions, whether quantitative or in the form of ‘duty-quotas’ (excluding however prohibitions genuinely designed to safeguard e.g. public health or morals or revenue collection);
(iii) barter arrangements
(iv) export quotas and discriminatory export taxes;
(v) export subsidies either furnished direction to the state or indirectly under schemes supported or encouraged by the state; and
(vi) excessive tariff.
Warren Buffet reinvented Keynes' prescription for a trade deficit economy when he put together his Import Certificates plan. This is not really all that surprising. Like Keynes, he has a sound understanding of the way economics works in the real world.
===============================================================================================
I watched The EU piss and moan so Airbus paid lipservice and changed gears.
Games over for EU there about 6 to 9 month behind the States on the stupidity meter.
The eye the storm is passing and the backside off it is nearing. Beware it's path
we have not stopped discharges of staff. Beware souls and your on your own there clueless.
Brush off your Mises. Hayek. and Rothbard your going to need it very soon since think you is if your
paying attention to who is people. The hour is late and Washington is miles behind reality.
Jul 6, 2009 6:36 pm US/Eastern NYC Freezes Hiring Because Of Senate Gridlock
Mayor Bloomberg Delaying Planned City Hires Indefinitely, Says Albany Chaos Is Holding Up New Tax Revenue
No New Cops, Firefighters, EMS Workers Or School Safety Agents.
They are destroying the States as we watch real time.
Name one function of value they create in the Senate. Prove us wrong, and indeed a very cold winter now announces
itself in this summer of discontent.
http://thetechnicaltakedotcom.blogspot.com/
