Tag Archives: economics
The Affluent Society (1958)
https://archive.org/details/in.ernet.dli.2015.52017
There are new editions out.
Capitalist kitty
https://www.fool.com/investing/2016/08/01/a-cat-outperformed-pro-stock-pickers-heres-what-th.aspx
Worse than buying bonds before a collapse in the class, worse than buying French gilts, worse than buying single company stock, worse than falling for the siren song of “options” over cash, worse than an actor agreeing to be paid in net profits, is buying something calling itself a “currency” backed by precisely zero humans’ labour.
Those tulips smell lovely.
And to this day, nobody knows who invented it. You’re legally barred from purchasing land, the only real investment, with it. Every idiot you know is acting like 2005 with house prices, laughing at you for not buying it. If there’s one thing that motivates your investment strategy, it should be the emotions of the idiots who read one blog post or ‘trust’ a public adviser, reliant on clickbait.
Still, there is one group stupider. (I don’t care if that counts as a word, don’t @ me).
The EU-China land bridge builders. Bridges work both ways? You’d have to be especially thick to build a LAND BRIDGE during a time that a previously wealthy continent is experiencing demographic decline and being overtaken with African (and low-quality Asian) marauding rapists and bandits. You have more money than us and more schoolgirls. Where will they go, if there’s a land bridge? For their sake, I hope the debt falls through prior to completion. It probably will.
Watching the financial news is like reading Emperor’s New Clothes. You can’t see it, you can’t touch it, you pay for it and just – trust us, it’s there.
Currencies are backed by citizens, specifically their sweat.
I’m starting to see a connection between box office records and the economy. If anyone wants to follow that thread, I say go for it.
Which economies are recovering?
None but I like your optimism for clicking on this.
In pictures because they are worth a thousand words. We need accurate estimates, mind you.
Why do I like Sterling’s future chances?
Recent growth outpaces America (all factors considered) with a fraction of the population.
https://tradingeconomics.com/united-kingdom/gdp-growth
Above: The Tories in office.
Again, austerity is a myth.
https://tradingeconomics.com/united-kingdom/central-bank-balance-sheet
Severely untrue.
https://tradingeconomics.com/united-kingdom/interest-rate
I mean, why.
https://tradingeconomics.com/united-kingdom/consumer-price-index-cpi
Why do any of you believe this?
https://tradingeconomics.com/united-kingdom/import-prices
Five seconds on a search engine.
https://tradingeconomics.com/united-kingdom/currency
“The EU is so good for us!” – illiterate cunts.
Look at the flat line on the MAX setting down here:
https://tradingeconomics.com/united-kingdom/gold-reserves
I won’t ruin the surprise. Labour still denies ruining us, despite Brown, the unelected PM, former Finance Twat, selling the remainder off at rock bottom prices.
https://tradingeconomics.com/united-kingdom/households-debt-to-gdp
But actually, really, we’re one of the least shitty countries.
The simplest explanation a la Occam is that we have the most realistic valuations of many.
Cleaning house takes time.
https://tradingeconomics.com/country-list/gdp-annual-growth-rate?continent=europe
We grew twice as much as Greece!
Seriously, for a moment.
We’re keeping up with The most productive country in Europe, and America.
0.4% last quarter despite a torrent of propaganda trying to tank us.
America 3% (it’s a big country and currently the top reserve currency) Q3 2017.
Unfortunately Government spending is counted in GDP calculations.
Germany claims 0.8% (I think that’s BS). Let’s see kiddies.
https://tradingeconomics.com/germany/government-spending
How much does Germany spend? The gradient post-2014 is unusual.
What happened then?
See what I mean? Trust no bitch.
Still, we’re a top producer. This matters. Combined with our military, we aren’t doing too shabby.
It would be foolish to discount the only former reserve country that ruled most of the world and is the reason you all speak English for business. IQ doesn’t drop that fast and those that do are easy to expel. Sterling is going first, which means… first to recover.
America’s melting pot is fast looking like shit soup. Good luck, guys.
Shrinkflation can no longer be denied
Chocolate boxes have been shrinking for decades.
http://www.bbc.co.uk/news/business-40703866
That’s what they’re calling it.
Because stagflation, the economic term, would be giving the game away.
Stagflation is impossible by Keynes.
Everything wrong with modern economics?
Keynes.
Your money is literally worth less.
Imagine a crumbling ruin.
At least the ruin has historical merit.
Finance’s winners and losers of 2016 + Trump
http://fofoa.blogspot.co.uk/2016/05/the-debtors-and-savers-2016.html
This guy is goooooooooood.
Not just good.
But gooooooooood.
e.g.
“Since gold can’t be “debased”, it begins to attract investment from those who would rather not consume today’s overproduction (and via that sharing wealth and ‘favours’) but continue to hoard these for the purpose of individual wealth accumulation.
Owning your own money makes you a Bad Person.
[…]
Gold in this way symbolises humanity’s selfish streak.
[…]
What’s more, while gold encourages anti-social behaviour and hoarding in individuals, a fiat-based system encourages the very opposite: sharing, distribution, collaboration and cooperation.
SJWs in finance, called it here first.
Welfare-phobia is round the sharp corner of a Hillary victory.
The “NWO Socialist Welfare State” (or whatever you want to call it) is completely dependent on the US dollar’s global use in the store of value role. Something that cannot be controlled. It can only be earned through confidence. And most simply stated, that’s ending. Look no farther than how the creep of progressivism has paralleled the creep of the US dollar, and then you will see how far this movement is about to be set back.
We live in the end times of progressive religion. PREACH.
Meanwhile, whatever your opinion of gold.
I read a statistic… The average American has less than a $5000 net worth… it’s pathetic… we’re basically broke… but in fact it’s much less… If you actually took the national debt and broke it down per capita, the average American has a negative net worth because the government has borrowed in his name more than the average American is able to save.What’s happening is pretty much what we would anticipate. I don’t see from the data any real economic recovery, certainly not in the United States.
We’re spending more money, but it’s not because we’re generating more wealth. We’re generating more debt. We’re using that borrowed money to consume and so temporarily it feels that we’re wealthier because we get to spend all that money… but we have to come to terms with paying the bill.
The bills are going to come due. Right now interest rates are being kept at zero which makes it possible to service the debt even though it’s impossible to repay it… at least we can service it. But once interest rates go up then we can’t even service it let alone repay it.
And then the party is going to come to an end.
In a game of musical chairs, you watch for the teacher to edge nearer the music player before hovering near a chair. The teacher has a finger above the Stop button. Nobody is hovering.
I think the whole of civilization will collectively refuse to pay it. They can’t force us without becoming slave owners. I think the Jews or whatever usurers are in control are gonna get a shock when the pound of flesh is taken from the heart of every person who conned us pre-birth.
Comic: How an economy grows (practical capitalism)
http://freedom-school.com/money/how-an-economy-grows.pdf
This should be in schools.
Technically, the property right is the decision-making power to do what you desire with it.
This is why it royally pisses me off to see others try to tell a person what to do with their own property (give it to charity being the most enraging). They’re literally claiming a right while taking the enriched person’s away, while pretending to do them a favour. Next they’ll want to charge for the privilege of hearing unsolicited wrong advice (where they bear no cost).
