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Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum -- Ignore unavailable to you. Want to Upgrade?


To: TobagoJack who wrote (50827)6/2/2009 8:42:02 PM
From: Cogito Ergo Sum  Read Replies (1) | Respond to of 217541
 
but also because the country’s financial system is so radically different from the rest of the world

Does he mean it didn't blow up LOL

US Consumer will roll again near end of clip.. rest are typical inflation plays (not roll over ;O)
watch.bnn.ca

Buy Buy Buy Golden Crosses !!!!
watch.bnn.ca

Get the rest of that money market dough in :O)

Maybe he's right :O)

TBS



To: TobagoJack who wrote (50827)6/2/2009 9:52:49 PM
From: energyplay  Read Replies (1) | Respond to of 217541
 
Interesting how they manage to go from simplified Geography 101 to today's financial crisis without touching reality in between.

I am glad for the geography lesson, as it explains why Japan and Austrailia are some of the poorest countries in the world, and Egypt (that big long river, you know) is one of the better off places.

He does have a point about Russia having no major natural barriers - except for the shear distance and Russia's dear friend, General Winter. Having defeated both Napolean and Hitler, the distance, winter and vast size of the Russian population have a pretty good track record.

I guess this also explains why China was never a rich civilization for more than a few thousand years.

If all the available capital is funneled to the state, where are all these business people who saved up their money to start their business getting their funds ? Isn't all the money supposed to be used for the Number 16 Truck Axel Factory ?



To: TobagoJack who wrote (50827)6/2/2009 11:33:15 PM
From: pater tenebrarum67 Recommendations  Read Replies (6) | Respond to of 217541
 
Laissez-faire capitalism has its flaws. Inequality and social stress are just two of many less-than-desirable side effects. The side effects most relevant to the current situation are, of course, the speculative bubbles that cause recessions when they pop.

if i read one more time that 'laissez faire' is to blame for the bubble and recession i will likely spontaneously combust.

just to clear this up: 'laissez faire' capitalism refers to a free market system. in a free market system, the role of the state (if there has to be a State at all, that is, given that the notion that the State is a necessary evil is more than just a little dubious) is to provide courts, a police force and national defense. That's all.

A country in which government spending is more than 40% of national income is not a free market system of laissez faire capitalism. the very idea is laughable.

i will provide a free service and rephrase the stratfor sentence:

Constant government intervention in the markets has nothing but flaws. Inequality and social stress are just two of sheer innumerable less-than-desirable, if not to say , scandalous and utterly revolting, side effects. The side effect most relevant to the current situation is, of course, the biggest speculative bubble of all time that has just popped and that will more than likely cause a depression - especially as the government intervention has now intensified even more.



To: TobagoJack who wrote (50827)6/3/2009 7:00:43 AM
From: Moominoid  Read Replies (1) | Respond to of 217541
 
I'm assuming this is from Stratfor with their usual obsession on topology. It's not irrelevant but nowhere near as important as they seem to believe.



To: TobagoJack who wrote (50827)6/3/2009 11:51:07 AM
From: KyrosL  Read Replies (2) | Respond to of 217541
 
Stratfor is so 19th century, so you should heed their words :)

They seem to be talking in dark interregnum terms, so I can see their attraction to you.

Geography, resources, location become very important when trade breaks down and countries must rely mostly on internal resources.

China may be a continental economy, as you constantly point out, but it has an awful lot of people to feed, a lot of its continental mass is constantly expanding empty desert, and it has a much smaller fraction of the world's agricultural, water, energy, and mineral resources relative to its population. In summary, without trade, China goes back to being a very poor country.