NP - Germany Won't Budge on Austerity: Economic Suicide is Character Building

[alice malice]

The arms industry can manage without a war economy. and, more to the
point, so can the rest of the world.

On Thu, Oct 16, 2014 at 4:47 PM, David Morris <fqmorris at gmail.com> wrote:
> It is very good for the arms industry.  But, like I said, that's another
> story.
>
> On Thu, Oct 16, 2014 at 3:30 PM, alice malice <alicewmalice at gmail.com>
> wrote:
>>
>> War profiteering? Jeez, when will people stop with this nonsense. War
>> is never, ever good for anyhing, certainly not an  economy.
>>
>> On Wed, Oct 15, 2014 at 4:41 PM, Joseph Tracy <brook7 at sover.net> wrote:
>> > Highly debatable set of assertions disputed by many economists,
>> > particularly those who predicted the 2008 debacle. The " recovery' is once
>> > again fueled by questionable derivatives, and war profiteering." In a
>> > September 24th article titled “5 US Banks Each Have More Than 40 Trillion
>> > Dollars In Exposure To Derivatives, Michael Snyder warns:
>> >
>> > Trading in derivatives is basically just a form of legalized gambling,
>> > and the “too big to fail” banks have transformed Wall Street into the
>> > largest casino in the history of the planet. When this derivatives bubble
>> > bursts (and as surely as I am writing this it will), the pain that it will
>> > cause the global economy will be greater than words can describe.
>> > The too-big-to-fail banks have collectively grown 37% larger since 2008.
>> > Five banks now account for 42% of all US loans, and six banks control 67% of
>> > all banking assets.
>> >
>> > Besides their reckless derivatives gambling, these monster-sized banks
>> > have earned our distrust by being caught in a litany of frauds. In an
>> > article in Forbes titled “Big Banks and Derivatives: Why Another Financial
>> > Crisis Is Inevitable,” Steve Denning lists rigging municipal bond interest
>> > rates, LIBOR price-fixing, foreclosure abuses, money laundering, tax
>> > evasion, and misleading clients with worthless securities.This is not real
>> > economic strength but the power of an empire facing self destruction. "
>> >
>> >  The EU was based on flawed presumptions and even Germany is having to
>> > face that.
>> > On Oct 14, 2014, at 6:03 AM, alice malice wrote:
>> >
>> >> Well, one could argue that the US recovery is a jobless one, that is,
>> >> a recovery that exposes shrinking labor force, much of it demographic
>> >> baby boomer retirement etc.,  though the jury is still out on the
>> >> cyclical or structural causes of the shrinking labor force, and, wages
>> >> have not budged, but neither has inflation, though the US is not, as
>> >> Europe is, in a dis-inflationary and deflationary cycle...so, to make
>> >> a long story short, one can argue that the US has a weak recovery, one
>> >> that has not done all that much for wage earners, the poor, the
>> >> working classes,  but one can not argue that the US has no recovery.
>> >> We have a major recovery in place. Europe does not. And, the US has
>> >> put the financial crisis behind, has built a new energy policy and
>> >> structure, has positioned itself for additional growth. Not so in
>> >> Europe.  These are not nationalistic claims. Simple economics. Our
>> >> housing crisis is over, our banking crisis is over, our massive QE is
>> >> ending, our economy has recovered and, though it faces headwinds from
>> >> Europe, Japan, the geo-politials, it will, as the IMF says, pull the
>> >> world economy, not China, not the BRICS plus SA.
>> >>
>> >> On Mon, Oct 13, 2014 at 9:45 AM, Otto <ottosell at googlemail.com> wrote:
>> >>> Can't see that "America has recovered". And your "Union" is as split
>> >>> as ours, economically and ethnically.
>> >>>
>> >>> 2014-10-13 15:07 GMT+02:00 David Morris <fqmorris at gmail.com>:
>> >>>> Clearly this response shows the weakness of the Euro: the "Union" is
>> >>>> a
>> >>>> farce.
>> >>>>
>> >>>> But Germany won't be able to stand alone for long.  If Europe is
>> >>>> screwed, so
>> >>>> is Germany.
>> >>>>
>> >>>>
>> >>>>
>> >>>> On Mon, Oct 13, 2014 at 3:53 AM, Kai Frederik Lorentzen
>> >>>> <lorentzen at hotmail.de> wrote:
>> >>>>>
>> >>>>>
>> >>>>> On 12.10.2014 12:09, alice malice wrote:
>> >>>>>
>> >>>>> Europe is screwed. And Germany is only doing what it needs to do to
>> >>>>> get in a better position to recover over the longer term.
>> >>>>>
>> >>>>>
>> >>>>> Amen!
>> >>>>>
>> >>>>
>> >>> -
>> >>> Pynchon-l / http://www.waste.org/mail/?list=pynchon-l
>> >> -
>> >> Pynchon-l / http://www.waste.org/mail/?list=pynchon-l
>> >
>> > -
>> > Pynchon-l / http://www.waste.org/mail/?listpynchon-l
>> -
>> Pynchon-l / http://www.waste.org/mail/?listpynchon-l
>
>
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Pynchon-l / http://www.waste.org/mail/?list=pynchon-l