socrateazz

China: More Trade Tensions

I think Poverty is the result of attitude more than anything else. The greater the expectation others are responsible for what happens to you the more likely you are to be poor because you do not act to improve your status which is one of the most important actions one can take to change that status. The poor usually continue what ever they have been doing which often is little more than nothing. Those moving up usually act and some of their action improves things usually.

Economics and Its Discontents

I may be wrong. I think economists overvalue the short term effects of decisions made to correct imbalances. And they undervalue the consequences of future effects of those decisions. Major economic rules changes since 1980 have been few but really has put us where we are now. In the early eighties, Reagan pushed taxes on higher income people down. Because supply of goods was being overwhelmed by excess wealth going into the workers hands. Those workers attempted to spend that wealth causing a demand which pushed up prices. Inflation was the way of the future at that point. Reagan's policies caused a reversal. Some of those policies needed to be reduced in the 1990's because they were pushing too much wealth into the hands of the few. Instead they were pushed even further toward wealth redistribution toward the rich. Much continues today. Financial controls protected the banks from serious idiotcy for years. They kept banks from making decisions which would be good for the banks short term but had elements which could cause serious imbalances within banks. The problem is: Things which look good short term also have hidden consequences long term. I think we are in the beginings of a depression and I think the short term actions taken so far by those in control will have little positive long term effects. What do I know? Time will tell.

Looks Like We're All Communists Now

Don't you know communistic leaders do not really act in a commuistic way! They lead with the appearance of communism, but they are acting in their own self interests. Have you seen a communist leader actually try to live the life they expect others to follow? The fact is they reward the least effective while punishing the most effective thus evening things out. But the effective quit producing and those who do not produce have little incentive to produce. After the next generation is brainwashed in to the system, What can you expect from those who learned the less you do, You are rewarded just the same. I am sure the system is fixed toward idiotcy because if you think, you are a threat. The leadership of China actually pushes more free market trade than the leadership in the US! Which is more communistic? I think the US is at this point! Am I wrong?

U.S. Economy: The Good, The Bad and the Fugly

One thing got me irritated in what you said. That was anti-government militia has returned. Maybe the Republican side has returned. But The Democrats did not seem to trust Bush's government. And in reality their attacks were much stronger than the anger shown with change being forced down unwilling peoples throat. At least the republicans have reason for their stand other than control addiction. Those attacking today are attacking the ill concieved changes. The democrats were attacking what? People if you are too ignorant to notice. The rule attack the problem not the people should apply. Who does what? Annalyse how problems are attacked, then decide on reality not beliefs

China: Conventional Wisdom About Its Role in Global Imbalance Is Wrong

Is rebalancing an economy really that good? Look at history. Have any strong nations ever come from service economies? Have not the service economies followed production economies? Do not most service economies become overwhelmed by people wanting more and producing less? I think balance is great but trends push reality toward one direction or another. The US trend toward a service economy has gone past a good balance and into a basic consumption situation. That trend will continue until shortages develop and the consumers can not afford to buy. Then, another change toward production will be initiated. Many factors can influence the possible cycles but the basic one has been in place for centuries. I expect little change other than by those who think everything can change and can be controled. Trends and cycles have more control than most people whether people want to believe it or not!

California's Troubles Are America's

I like your article. There is a lot of reality in California's predicament. But I doubt California has a clue how far overboard the state has actually gone. They are still above the water today! And they believe they can keep from drowning. They are right. The policy changes neccesary are so great the legislature can not even understand what needs to be done. Those in charge need to be freed of control and realistic people need to take their place. Will it happen? Maybe!

Global Currency Trial Balloons: Bad News for the Dollar?

I think a global currency could and should be implemented. There does need to be a redistribution connected to it. Probably allowing values of various monies to move based on imports and exports. But a tax and redistribute method could be used. But tax and redistriibute will lead to either those in control geting most of the wealth or the dregs of society geting the wealth. either way with taxes the wealth will go to unproductive uses. Those in control think they are extremely valuable when any dart board would almost be as effective. Sooner or later those in charge operate on fairy tail logic because it is what they think is fair. the future will be interesting if not good

Krugman to China: Go Green or Pay the Price

Interesting. What ever china or any of the propagandist groups do Carbon dioxide will not destroy the planet. China knows most of the green movement has moved from reality based helping the planet to propaganda based controling the people and companies. Green movement people believe in their own particular action. Does any of those ideas make sense? Yes! But not in the way they say! Control carbon dioxide emissions. That makes sense but not for global warming purposes. Climate change is very very suspect concerning Carbon Dioxide also. Two valid reasons to limit carbon dioxide are increasing levels of actual carbon dioxide in the atmosphere and oceans. Carbon dioxide is very important to plant life and it thrives with higher content. But ocean animal life may suffer as levels of CO2 increase. I expect the bigger animals will be the first to go because a small increase in CO2 would mean more difficulty removing excess CO2 from a large animals lungs because the entering CO2 is greater. two other valid arguments are fossil fuel is limited and storing CO2 waste underground in vast caves is dangerous to future populations. What would a sudden release of megatons of CO2 do? Think ancient Egypt if you do not know! When idiots control countries you get idiotic control. You will find it hard to find the countries not currently controled by idiots. I will let you to wonder who I think the idiots are.

Tipping Point for U.S. Treasuries, From China's Perspective

Monetary means for improving the US economy will only really work if those who can move the economy see a way to improve their wealth by investing in those areas. I think under current Obama policy that will not happen to a very large degree. I expect more news on less employment available through the next few years. Only long term incentives for producers will help long term. Marxism will not do it long term. Actions have consequences

China Takes Over the World

People are just dreaming in the US. The US moved from a capitalistic to a socialistic economy and now they are moving toward communism...All of those moves will ultimately reducewealth in this country. China has moved from communism toward capitalism in their economy. They are going to thrive just because of that fact. We will see what happens but I bet the reasons for what happens will not really be seen by fixated propagandists

The False (Chinese Driven) Rally in Copper

I really wonder why You think The us is capital;ist while China is not? The signature should be concidered based on capitalist trade. The US is moving rapidly away from Capitalism but still calling it such to appease the suckers. China' s private sector is very capitalistic but because the leaders lead similar to a communist country they think their economy is such. Idiots can believe any rhetoric they have been taught. Of course you have to be propagandized to be in the US today. If you believe otherwise, Why does the president have to tell you something every day. and yet ignor what others say also? You decide!

China's GDP Growth Muted - If You Believe the Numbers

The numbers may not be correct. What I do know is that China is in an asset creation bubble such as the US was in the late 1930's until the 1960's. And although the capital markets values fluctuated, wealth kept flowing into the US at that time. China is increasing their wealth for all in the country The US is trying to keep wealth when use and wealth distruction has overwhemed production. Over the long term, China will probably improve with their current path. And if the US continues the nations current path, I think a Russian type implosion will ultimately result. I hope not. Look at, great nations of the past, I think as leaders try to protect their citizens they also destroy their countries reasons for being successful.

China's Warning

Do not be fooled too much. Any manipulative policy will result in an ultimate opposite reaction over time. The chinese policy has been to keep its monies devalued. Sooner or later that policy will bite those leaders. They have gained because they have monies. They lose because the foriegn monies can not continue to hold their value. Tangled webs usually have plenty of conspirators.

World War III: U.S. vs. China?

I really believe WWIII is enevitable. But I do not think it will be as conventional of a war as two super powers fighting each other. More likely it will be like Iraq on a global scale. The worlds millitary will overstreched fighting insurgent radicles that seem to come from everywhere and have no structure. Eventually the world will have to come to the conclusion the only real solution will be to destroy all who are related to the radicles. Many million families will be destroyed but the power of egotistic control artists will be destroyed. Conventional war and ethics just will not be effective against unethical attackers. The choice will become to put up with terroristic attackers continuosly or return some of the unethical attacks recieved.Those with the power often abuse it! Even if those with the power look weak!

Credit Market Overview: Lessons Learned from Germany and China

You are right about germany really giving a stimulus by scraping older cars. The US might concider such. Too many old cars around though so it would need to be one for one scrap for a trade in. would also get rid of some of that ornimental scrap throughout the US. And help car companies at the same time. The ineffient behemoths that US car giants have become will be given a few more years that way. But they either need to change fundamentally or they will die within the next ten years. I expect the latter because those within the companies believe the problem is the economy. The economy has just made the problems more visible and acute. China is interesting in that the government is concidered communist (really a socialist state) which encourages capitalism within. The US is currently a socialist electorate state which discourages Capitalism within. China currently has policies which really encourage capitalism within. The USA has policies which discourage Capitalism within. The Capitalistic system needs rewards to exceed costs to continue to thrive. In the US general costs (taxes) have exceeded the rewards within the system. Excessive borrowing has covered it up. Ironically, the US will continue in its course until the leaders wake up. This situation did not just happen! societies through out the world really believed that they indefinitely could extract more wealth from the producers. Unfortunantely most of the wealth extraction from the producers is finished and the world will see the reaction to the folley