|
|
|
|
| Author |
|
|
A Man of Wealth and Taste
Join Date: Dec 2002
Location: Out there somewhere beyond the doors of perception
Posts: 51,063
|
Yellow Teeth And Bad Hair
People move money out of their own country usually because the political or economic situation is dicey at home. Everybody in the world has been pouring money into the USA since 08 as it is the LAST BEST SAFE HAVEN in the world. That is why Interest rates are so low, Equities so high, USD so strong and RE has recovered. Relative to elsewhere in the world the USA is the Rock of Gibraltar. This is basically how it has always been, but more so since 08.
So what does the US do, they fk around some more. The Central Banks oil the water to make it appear to be nice and calm...stable....But if you peak beneath the waves, under the hood so to speak it is wreckage. There is not a developed economy in the world that CAN PERFORM, the continuing numbers tell you a story that something is seriously wrong, something that can not be fixed by all the kings men and all the kings horses. They have tried for 8 years. It is only getting worse and you can tell that by the ever increasing level of political and societal turmoil and unrest; that is a stress relief or a symptom of the greater underlying malaise. The bottom line is that the global economy is on the life support system of debt creation funded by the printing of money. In normal times the increase in monetary supply would cause hyper inflation. In the current circumstances the increase in money supply is merely averting deflation which is in of itself an indication of the depth of the malaise. We see the increase of monetary supply having an inflationary impact on some narrow segments in the economy. Such as certain collectible or even equity markets which usually benefit people who have where with all. The US ceased at least on the surface the printing of money in 2014 because they became aware of the dislocations in the global economy it was causing and the potential ramification that would have on the US economy. However to rectify that monetary imbalance and to restore equilibrium in various economies those states have been printing money (EU, Japan, China). This restoration of equilibrium by other nation states is having an adverse impact upon the US economy. The US is now ( 1st qtr 2017) barely getting out of the starting gate. So the question becomes what is the US economy going to look like when all the other nations have caught up in the printing of their currencies and equilibrium is once again restored? There are very few people left alive that remember October 1929 where you can be a millionaire in the morning and be wiped out by dinner time. That is how quickly the dime can turn. People jumped off of buildings because of it. We live in a world where the possible seems impossible because it has not been a real experience in most peoples lifetimes. That risk while always a possibility was improbable, but not anymore. In that now more than at any time in the last 1000 years or so the risk is quite high of catastrophe taking place because of the increasing instability of the underpinning of the now globally intertwined economy. Modern life is dependent upon a sophisticated and also fragile global economy of scale. Technological advances are only capable of being funded by this economy of scale as they are expensive propositions. If the global economy fragments into chaos so goes technology and the advances in standards of living. Civilizations can and have regressed in the past. What we forget is the organic being of flesh, blood and emotion. Where mans intellectual capabilities have far outstripped his emotional maturity. Man since the Enlightenment seems to believe that rationality is a substitute for emotional maturity. This belief in of itself is a sign of immaturity. One can not substitute one for the other but has to look at the whole as a unified entity. But this is another subject.
__________________
Copyright "Some Observer" |
||
05-10-2017, 02:27 PM
|
|
|
Registered
Join Date: Jan 2007
Posts: 11,758
|
Get lost on your way to the office ?
|
||
|
05-10-2017, 02:39 PM
|
|
|
Recreational Mechanic
|
__________________
P Cars: 2022 Macan GTS / One empty garage space ---- Other cars: 2019 Golf R 6MT / 2021 F-250 Diesel / 2024 Toyota GR86 6MT ---- Gone: 1997 Spec Boxster Race Car, 2020 GT4, 2004 GT3, 2003 Carrera, 1982 911SC, 2005 Lotus Elise and lots of other non-Porsches PCA National DE Instructor #202106053 / PCA Club Racing / WRL Endurance Racing |
||
|
05-10-2017, 02:42 PM
|
|
|
weekend wOrrier
Join Date: May 2011
Posts: 6,219
|
 Took the course. Read the book. Bought the kit.. Totally on-board (from what I skimmed). Kidding aside- what to do about it? Please advise. 
|
||
|
05-10-2017, 02:52 PM
|
|
|
Information Overloader
Join Date: Mar 2003
Location: NW Lower Michigan
Posts: 29,364
|
Hey, tabs.
C'mon over her and sit down with me so we can figure out where you're supposed to be. I'll buy you a decalf so we can sit and visit for a bit. When they get here, if they ask for an ID just give 'em your driver's license. |
||
|
05-10-2017, 02:54 PM
|
|
|
A Man of Wealth and Taste
Join Date: Dec 2002
Location: Out there somewhere beyond the doors of perception
Posts: 51,063
|
Quote:
I fell asleep in my chair, when I awoke I groggily said, "What, what is this and pressed the "Post a new Thread" button." It seems I write in my sleep. Faux Paw is to blame for this, she made a comment about the Russians laundering money through US RE. But so does everybody else..
__________________
Copyright "Some Observer" Last edited by tabs; 05-10-2017 at 03:08 PM.. |
||
|
05-10-2017, 03:04 PM
|
|
|
|
Registered
Join Date: Jan 2002
Location: I'm out there.
Posts: 13,084
|
There has never been a better time to be alive.
Global poverty is down. Literacy is up. Hunger is down. The environment is getting cleaner. Longevity is at an all time high. The list goes on.. 
__________________
My work here is nearly finished.
|
||
|
05-10-2017, 03:14 PM
|
|
|
A Man of Wealth and Taste
Join Date: Dec 2002
Location: Out there somewhere beyond the doors of perception
Posts: 51,063
|
Quote:
If you understand that the world is changing around you, you will not be caught by surprise. Which then gives you the heads up so that you can better adapt to those changing circumstances. Since at least the 1980's the American standard of living was built upon the expansion of credit and debt. The global economy was built and expanded upon by the American consumer. The consumer credit regime collapsed in 08, only to be superseded by the Sovereign debt regime funded by the Central Banks creation of money. In essence everybody has taken a pay cut but it does not readily show up as inflation because the forces of deflation are so great. It does show up in narrow segments of the economy such as high end art, spoons and cars...like the AC 911's etc. Those markets show the real ramifications of money creation. The reason why there has not been a general collapse of the system under the weight of debt is that only 20T Federal shows up on the books as interest bearing debt. The other 100T is in unfunded liabilities sic accounts payable..which are slowly being transferred over to being interesting bearing debt as we speak. One thinks that the mistake America made was in it's level of expectations. Americans thought the US could sustain the level of economic growth and standard of living that the US experienced after WW2. When the world had changed from post war global devastation to a globally competitive world. Not only that but Americans began to believe their own hype of being able to have their cake and eat it to. Evident by the LBJ slogan Guns and Butter. Even BO and the current resident Meat Puppet seem to be under the same illusion of being a "rich nation." The balance sheet suggests other wise. Every American has lived as a society beyond their means since at least the 1980's. Some have done real well but ultimately at the cost of robbing their future. The dichotomy is that while their balance sheets look prosperous the greater nations balance sheet is a disaster. Unfortunately the deck upon which they stand is the deck of the Titanic. The joke is upon them for it was all for naught, unless of course they die before the shyte hits the fan. Then they will have had the last laugh.
__________________
Copyright "Some Observer" |
||
|
05-10-2017, 03:51 PM
|
|
|
A Man of Wealth and Taste
Join Date: Dec 2002
Location: Out there somewhere beyond the doors of perception
Posts: 51,063
|
Quote:
The economy isn't producing enough of tax revenues to meet expenses...so the deficit and debts continue to climb. You can't jump start the economy because so much money is being diverted into paying principle and interest. You can't buy a new TV set when you are paying principle and interest on yesterdays hamburger. You can't stop buying ever more TV's cause it slows the economy which causes DEFLATION. You have to cut price or extend even more credit to move the merch in the warehouse....to entice already strapped consumers. Further the sword of technology and off shoring has displaced many formely higher paying MC jobs. So the consumer is earning less money in a Burger King job or is receiving a subsidy from the gov. (On a side note how do you train a guy with an IQ of 100 to do a technological job that requires an IQ of 115). Unfortunately the resources of the planet are FINITE...sooner or later you run out of resources to exploit. In an ever expanding economy of scale you are expending an ever greater amount of resources. Further any activity entails environmental degradation, nothing is with out cost and is entirely clean. China is finding that out. At some point the trap snaps on the rat. One of his own making btw.
__________________
Copyright "Some Observer" Last edited by tabs; 05-10-2017 at 04:49 PM.. |
||
|
05-10-2017, 04:23 PM
|
|
|
A Man of Wealth and Taste
Join Date: Dec 2002
Location: Out there somewhere beyond the doors of perception
Posts: 51,063
|
I am a real barrel of laughs I am....a real upbeat kinda guy..
Life isn't a rose garden party, it is an existential struggle full of pain and loss. That is the reality of it. Once you meet that reality head on a serenity befalls you. It is those false narratives that befuddle you as how do you reconcile your narrative with the facts. How much do you have to twist the facts to maintain your narrative. It gets to be more and more like Alice in Wonderland delusional the deeper the disparity. Do you get the drift where the US in particular is headed with "fake news." Before it was just called "the spin." now we have progressed with making up "fake news." This all ties back into the notion that stress in the economy is resulting in political and social distortions. It is tougher to maintain the fictional narrative in the face of reality. So you make up "fake news." WE ARE WINNING..
__________________
Copyright "Some Observer" Last edited by tabs; 05-10-2017 at 04:48 PM.. |
||
|
05-10-2017, 04:43 PM
|
|
|
Fleabit peanut monkey
|
Quote:
I am reading your posts and I don't understand everything you are stating, even with a bidness degree. I sense a touch of rant but I also smell the truth.
__________________
1981 911SC Targa |
||
|
05-10-2017, 05:00 PM
|
|
|
?
Join Date: Apr 2002
Posts: 30,435
|
Damn Tabs....your malaise just makes me think of an old Jerry Jeff tune.....
"Just livin' my life easy come, easy go...." Why don't ya get out of the fuchin' city tomorrow and go fishin' or something Seriously.... |
||
|
05-10-2017, 05:04 PM
|
|
|
Almost Banned Once
Join Date: Feb 2009
Location: Adelaide South Australia
Posts: 38,331
|
Easy for me. My hair fell out decades ago and my teeth are in the process of doing the same.
__________________
- Peter |
||
|
05-10-2017, 05:33 PM
|
|
|
Registered
Join Date: Mar 2003
Posts: 10,320
|
[IMG]http://weknowmemes.com/wp-content/uploads/2011/10/occupy-wall-street-sign-jump-you-****ers.jpg[/IMG]
|
||
|
05-10-2017, 06:07 PM
|
|
|
Registered
Join Date: Mar 2003
Posts: 10,320
|
|
||
|
05-10-2017, 06:09 PM
|
|
|
Registered
Join Date: Apr 2007
Location: I live on the road, I just stay here sometimes...
Posts: 7,104
|
Should I cash in my US investments and buy Canadian real estate???
__________________
73 RSR replica (soon for sale) SOLD - 928 5 speed with phone dials and Pasha seats SOLD - 914 wide body hot rod My 73RSR build http://forums.pelicanparts.com/porsche-911-technical-forum/893954-saving-73-crusher-again.html |
||
|
05-10-2017, 06:49 PM
|
|
|
Liberal Prawn
|
Quote:
I however have pretty good hair and white teeth
__________________
'Such are promises - All lies and jest - Still a man hears what he wants to hear - And disregards the rest. Lie la lie, lie la lie la lie la lie' Paul Simon '87 Black Targa "Welpe" • '93 Cadillac Allante "Amante" • Various other boring cars |
||
|
05-10-2017, 06:52 PM
|
|
|
A Man of Wealth and Taste
Join Date: Dec 2002
Location: Out there somewhere beyond the doors of perception
Posts: 51,063
|
Quote:
Much as we cant see electro magnetism we know it is real, exists and exerts force. I describe an unseen dynamic whose tell tail echo is seen in the data and the hard reality around us. I am in effect giving you a rationale or reason why the ocean has tides.
__________________
Copyright "Some Observer" |
||
|
05-10-2017, 07:07 PM
|
|
|
|
A Man of Wealth and Taste
Join Date: Dec 2002
Location: Out there somewhere beyond the doors of perception
Posts: 51,063
|
Quote:
__________________
Copyright "Some Observer" Last edited by tabs; 05-10-2017 at 07:35 PM.. |
||
|
05-10-2017, 07:12 PM
|
|
|
?
Join Date: Apr 2002
Posts: 30,435
|
HEY TABBY....here it comes man....incomimg from the east.....it'll be there in three hours. Prepare yourself....I suggest a fishing rod
|
||
|
05-11-2017, 02:47 AM
|
|
911SC 3.0
1981 Porsche 911 SC Targa
Welpe
Amante
