R.I.P. UK

[briansd1]

Arraya, I read the article you referenced.

It’s more a philosophical discussion on the how we should look at life and health.

It doesn’t address how we get out of the current economic recession which was caused, not by government social programs but by irresponsible corporate behavior (banks).

The book authors don’t offer solutions for the recession. They claim that a more sustainable system will arise from the breakdown. But which system?

In the mean time, if we let the economy collapse, entire populations will be driven into poverty around the world. That would be contrary to the authors’ desires.

BL: Today we write off whole populations because they don’t fit into our economic models. There’s hope in our future, because the breakdown is necessary to build a more sustainable foundation. Some people will have terrible problems and others will have great success, yet they’re both part of a community.

In your body, no particular cells go hungry. Every cell must be fed for the body to be in harmony. When we begin to treat all humans as cells in one body, and make sure that they all get the basics in life, we create the foundation on which to build an exciting future.

Every cell counts. Every human counts.

As for a solution, it appears that the conservative Canadian model of finance worked pretty well.
– substantial downpayment required.
– prepayment penalty.
– no mortgage interest deduction.
– stricter rules.

http://www.washingtonpost.com/wp-dyn/content/article/2010/06/23/AR2010062304024.html

[Arraya]

http://theautomaticearth.blogspot.com/
Paul Krugman and his Keynesian “Spend, spend, spend” ideas and followers, like Obama and his buddies Larry Summers and Tim Geithner and the rest of Washington base their notions and measures on one grand idea: that the economy will start growing again, and strong, and soon.

But the economy isn’t growing, and if they wouldn’t have thrown your grandchildren’s tax revenues at the magic yellow brick wall, this would be evident to everyone today. All they have achieved, apart from a prolongation of their own careers in power, is that it will be even more, and far more brutally, evident in the future.

It’s about to blow up in your face, guys, literally, the whole thing, your entire lives. And it really doesn’t matter whether it does so in two weeks or two months or two years, does it? If it would take two years, you’d just get sucked even deeper into the hologram.

What matters is that everyone begins to understand that this thing is inevitable, and that the consequences will be beyond anything you’ve ever known.

The city walls of Dodge are crumbling as we speak, and we urge you to get out before they flatten you.

[Arraya]

http://theautomaticearth.blogspot.com/
Paul Krugman and his Keynesian “Spend, spend, spend” ideas and followers, like Obama and his buddies Larry Summers and Tim Geithner and the rest of Washington base their notions and measures on one grand idea: that the economy will start growing again, and strong, and soon.

But the economy isn’t growing, and if they wouldn’t have thrown your grandchildren’s tax revenues at the magic yellow brick wall, this would be evident to everyone today. All they have achieved, apart from a prolongation of their own careers in power, is that it will be even more, and far more brutally, evident in the future.

It’s about to blow up in your face, guys, literally, the whole thing, your entire lives. And it really doesn’t matter whether it does so in two weeks or two months or two years, does it? If it would take two years, you’d just get sucked even deeper into the hologram.

What matters is that everyone begins to understand that this thing is inevitable, and that the consequences will be beyond anything you’ve ever known.

The city walls of Dodge are crumbling as we speak, and we urge you to get out before they flatten you.

[Arraya]

http://theautomaticearth.blogspot.com/
Paul Krugman and his Keynesian “Spend, spend, spend” ideas and followers, like Obama and his buddies Larry Summers and Tim Geithner and the rest of Washington base their notions and measures on one grand idea: that the economy will start growing again, and strong, and soon.

But the economy isn’t growing, and if they wouldn’t have thrown your grandchildren’s tax revenues at the magic yellow brick wall, this would be evident to everyone today. All they have achieved, apart from a prolongation of their own careers in power, is that it will be even more, and far more brutally, evident in the future.

It’s about to blow up in your face, guys, literally, the whole thing, your entire lives. And it really doesn’t matter whether it does so in two weeks or two months or two years, does it? If it would take two years, you’d just get sucked even deeper into the hologram.

What matters is that everyone begins to understand that this thing is inevitable, and that the consequences will be beyond anything you’ve ever known.

The city walls of Dodge are crumbling as we speak, and we urge you to get out before they flatten you.

[Arraya]

http://theautomaticearth.blogspot.com/
Paul Krugman and his Keynesian “Spend, spend, spend” ideas and followers, like Obama and his buddies Larry Summers and Tim Geithner and the rest of Washington base their notions and measures on one grand idea: that the economy will start growing again, and strong, and soon.

But the economy isn’t growing, and if they wouldn’t have thrown your grandchildren’s tax revenues at the magic yellow brick wall, this would be evident to everyone today. All they have achieved, apart from a prolongation of their own careers in power, is that it will be even more, and far more brutally, evident in the future.

It’s about to blow up in your face, guys, literally, the whole thing, your entire lives. And it really doesn’t matter whether it does so in two weeks or two months or two years, does it? If it would take two years, you’d just get sucked even deeper into the hologram.

What matters is that everyone begins to understand that this thing is inevitable, and that the consequences will be beyond anything you’ve ever known.

The city walls of Dodge are crumbling as we speak, and we urge you to get out before they flatten you.

[Arraya]

http://theautomaticearth.blogspot.com/
Paul Krugman and his Keynesian “Spend, spend, spend” ideas and followers, like Obama and his buddies Larry Summers and Tim Geithner and the rest of Washington base their notions and measures on one grand idea: that the economy will start growing again, and strong, and soon.

But the economy isn’t growing, and if they wouldn’t have thrown your grandchildren’s tax revenues at the magic yellow brick wall, this would be evident to everyone today. All they have achieved, apart from a prolongation of their own careers in power, is that it will be even more, and far more brutally, evident in the future.

It’s about to blow up in your face, guys, literally, the whole thing, your entire lives. And it really doesn’t matter whether it does so in two weeks or two months or two years, does it? If it would take two years, you’d just get sucked even deeper into the hologram.

What matters is that everyone begins to understand that this thing is inevitable, and that the consequences will be beyond anything you’ve ever known.

The city walls of Dodge are crumbling as we speak, and we urge you to get out before they flatten you.

[GH]

If we stop spending, then does it not follow that more debt will go unpaid, as more and more and more people and businesses are sucked into the abyss? As this debt fails, existing debt will become more expensive, and yet more debt will default, until finally, by my estimates some 90% of ALL debts currently held default. This includes retirements, bank held debts such as credit cards and mortgages, commercial real estate debts as customers are ripped out of the economy and so on.

We are in an economic downward spiral. How are you going to increase taxes, when all around, the tax base shrinks faster than taxes can be raised? If the government stops spending (retirements are drastically cut), routine maintenance is deferred etc, how does this not simply pass another more insidious debt to our children and their children. One in which dams fail regularly, bridges collapse and in which we are no longer a technological society?

I am reminded of the anecdote of the restaurant owner along a freeway. Her son comes to her one day and tells her bad things are happening in the economy and they should not pay for the freeway sign any more. The mother later told her son that his good advice was just in time, since things slowed down right after the sign was removed.

My feeling is that everything possible should be done to stoke wage inflation (specifically) and get people back to work. Anything short will result in deflationary collapse.

[GH]

If we stop spending, then does it not follow that more debt will go unpaid, as more and more and more people and businesses are sucked into the abyss? As this debt fails, existing debt will become more expensive, and yet more debt will default, until finally, by my estimates some 90% of ALL debts currently held default. This includes retirements, bank held debts such as credit cards and mortgages, commercial real estate debts as customers are ripped out of the economy and so on.

We are in an economic downward spiral. How are you going to increase taxes, when all around, the tax base shrinks faster than taxes can be raised? If the government stops spending (retirements are drastically cut), routine maintenance is deferred etc, how does this not simply pass another more insidious debt to our children and their children. One in which dams fail regularly, bridges collapse and in which we are no longer a technological society?

I am reminded of the anecdote of the restaurant owner along a freeway. Her son comes to her one day and tells her bad things are happening in the economy and they should not pay for the freeway sign any more. The mother later told her son that his good advice was just in time, since things slowed down right after the sign was removed.

My feeling is that everything possible should be done to stoke wage inflation (specifically) and get people back to work. Anything short will result in deflationary collapse.

[GH]

If we stop spending, then does it not follow that more debt will go unpaid, as more and more and more people and businesses are sucked into the abyss? As this debt fails, existing debt will become more expensive, and yet more debt will default, until finally, by my estimates some 90% of ALL debts currently held default. This includes retirements, bank held debts such as credit cards and mortgages, commercial real estate debts as customers are ripped out of the economy and so on.

We are in an economic downward spiral. How are you going to increase taxes, when all around, the tax base shrinks faster than taxes can be raised? If the government stops spending (retirements are drastically cut), routine maintenance is deferred etc, how does this not simply pass another more insidious debt to our children and their children. One in which dams fail regularly, bridges collapse and in which we are no longer a technological society?

I am reminded of the anecdote of the restaurant owner along a freeway. Her son comes to her one day and tells her bad things are happening in the economy and they should not pay for the freeway sign any more. The mother later told her son that his good advice was just in time, since things slowed down right after the sign was removed.

My feeling is that everything possible should be done to stoke wage inflation (specifically) and get people back to work. Anything short will result in deflationary collapse.

[GH]

If we stop spending, then does it not follow that more debt will go unpaid, as more and more and more people and businesses are sucked into the abyss? As this debt fails, existing debt will become more expensive, and yet more debt will default, until finally, by my estimates some 90% of ALL debts currently held default. This includes retirements, bank held debts such as credit cards and mortgages, commercial real estate debts as customers are ripped out of the economy and so on.

We are in an economic downward spiral. How are you going to increase taxes, when all around, the tax base shrinks faster than taxes can be raised? If the government stops spending (retirements are drastically cut), routine maintenance is deferred etc, how does this not simply pass another more insidious debt to our children and their children. One in which dams fail regularly, bridges collapse and in which we are no longer a technological society?

I am reminded of the anecdote of the restaurant owner along a freeway. Her son comes to her one day and tells her bad things are happening in the economy and they should not pay for the freeway sign any more. The mother later told her son that his good advice was just in time, since things slowed down right after the sign was removed.

My feeling is that everything possible should be done to stoke wage inflation (specifically) and get people back to work. Anything short will result in deflationary collapse.

[GH]

If we stop spending, then does it not follow that more debt will go unpaid, as more and more and more people and businesses are sucked into the abyss? As this debt fails, existing debt will become more expensive, and yet more debt will default, until finally, by my estimates some 90% of ALL debts currently held default. This includes retirements, bank held debts such as credit cards and mortgages, commercial real estate debts as customers are ripped out of the economy and so on.

We are in an economic downward spiral. How are you going to increase taxes, when all around, the tax base shrinks faster than taxes can be raised? If the government stops spending (retirements are drastically cut), routine maintenance is deferred etc, how does this not simply pass another more insidious debt to our children and their children. One in which dams fail regularly, bridges collapse and in which we are no longer a technological society?

I am reminded of the anecdote of the restaurant owner along a freeway. Her son comes to her one day and tells her bad things are happening in the economy and they should not pay for the freeway sign any more. The mother later told her son that his good advice was just in time, since things slowed down right after the sign was removed.

My feeling is that everything possible should be done to stoke wage inflation (specifically) and get people back to work. Anything short will result in deflationary collapse.

[Arraya]

“Little by little every arrow in the bullish quiver is taken away. The only thing remaining, is the last recourse of the Keynesian radioactive fall out: more money borrowed from the future. Alas, as John Taylor pointed out earlier, there is no growth. The global death spiral is complete. We disagree with Edwards – the next recession is not coming by the end of 2010 – we never left it in the first place. We would agree with Rosenberg, however, that the second coming of the Second Great Depression is now upon us, after the brief Fed-moderated extension, which merely allowed Wall Street to extract yet another record round of bonuses on the backs of the middle class.”

http://tinyurl.com/23ew98g

[Arraya]

“Little by little every arrow in the bullish quiver is taken away. The only thing remaining, is the last recourse of the Keynesian radioactive fall out: more money borrowed from the future. Alas, as John Taylor pointed out earlier, there is no growth. The global death spiral is complete. We disagree with Edwards – the next recession is not coming by the end of 2010 – we never left it in the first place. We would agree with Rosenberg, however, that the second coming of the Second Great Depression is now upon us, after the brief Fed-moderated extension, which merely allowed Wall Street to extract yet another record round of bonuses on the backs of the middle class.”

http://tinyurl.com/23ew98g

[Arraya]

“Little by little every arrow in the bullish quiver is taken away. The only thing remaining, is the last recourse of the Keynesian radioactive fall out: more money borrowed from the future. Alas, as John Taylor pointed out earlier, there is no growth. The global death spiral is complete. We disagree with Edwards – the next recession is not coming by the end of 2010 – we never left it in the first place. We would agree with Rosenberg, however, that the second coming of the Second Great Depression is now upon us, after the brief Fed-moderated extension, which merely allowed Wall Street to extract yet another record round of bonuses on the backs of the middle class.”

http://tinyurl.com/23ew98g

[Arraya]

“Little by little every arrow in the bullish quiver is taken away. The only thing remaining, is the last recourse of the Keynesian radioactive fall out: more money borrowed from the future. Alas, as John Taylor pointed out earlier, there is no growth. The global death spiral is complete. We disagree with Edwards – the next recession is not coming by the end of 2010 – we never left it in the first place. We would agree with Rosenberg, however, that the second coming of the Second Great Depression is now upon us, after the brief Fed-moderated extension, which merely allowed Wall Street to extract yet another record round of bonuses on the backs of the middle class.”

http://tinyurl.com/23ew98g

[Author]

Posts