When one government is openly ridiculed and laughed at being caught in complete bullshit by another I think it spells bad news. Particularly when the economic power/weight of the ridiculing government out weighs that of the rediculee. "The Powers that Be" are supposed to support the status quo because that is the way they keep their power and money...protect the paradigm in which they made there power/money. When China laughs at the US I believe this is the leading edge of them accepting the way things really are. Accepting means they will quit defending the status quo, and the shift will happen. Bad news for the US.
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Urban Survival...
I have been arguing this for years...I HATE advertising and marketing. I think they are the worst things ever. The only reason for their existence is to convince people to do something they would not have otherwise done. Most of the time this is accomplished by "stretching or bending the truth" otherwise known as lying.
Time to Kill the Advertising Industry
Want to do something revolutionary? Which if done at one fell swoop would reduce pollution, dramatically reduce crime of many sorts, and at the same time would defuse the mass consumption paradigm while reducing the public susceptibility to political jingoism and persuasion group manipulation. You see, the truth of the matter is that excess consumption and shoddy products is at the core of today's business paradigm. It's why Detroit hasn't turned out the 'million mile car' yet, but Kenworth (PACCAR) builds that level of quality into trucks every day. It's why car styles change from year-to-year in order to hype 'novelty' and 'position' since 4-wheels and a motor has been around more than a hundred years. So pour a fresh cuppa Joe and let's get real about this...starting with...
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Understanding the Markets
Most fine Niall Ferguson piece in the Financial Times: "History lesson for economics in thrall toi Keynes." A sharp-eyed reader noted this part in particular:
"The policy mistake has already been made – to adopt the fiscal policy of a world war to fight a recession. In the absence of credible commitments to end the chronic US structural deficit, there will be further upward pressure on interest rates, despite the glut of global savings..."
M ay I read to your from "The Book of Bond Dude"? "The purpose of recessions and Depressions is to return capital to its rightful owners." Oh, if you hadn't noticed...that's NOT you and me, figures the PTB in all this.
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As one chart a trader/friend out of Luxembourg is captioned this morning "Record loss of wealth, not seen since the 1930's, will impact markets for many years to come." That's the best case. The worst? Markets don't survive...
Yes, this is the part where I urge you to 'flee paper assets' and invest in things that have durable value. Your own solar energy system (I'm working on a design basics ebook, BTW), a garden, and all kinds of non-paper assets that can hedge the future. Lately, one of the better slogans about: "Yah can't eat T-Bills."
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