So It Seems That Brexit Has Become a Category 5 Shitstorm

Started by Minimalist, December 13, 2018, 07:21:51 PM

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josephpalazzo

Quote from: Baruch on August 16, 2019, 05:38:30 PM
As long as someone else is left holding the bag.  You know that Senore Casanova was the original financial speculator.  Had a good competition with John Law.  Casanova invented the lotto.  John Law invented penny stock speculation.

“It is difficult to get a man to understand something, when his salary depends on his not understanding it.” - Upton Sinclair

More Dr Keene ...

http://www.profstevekeen.com

Heh, the house always wins...

Cavebear

Quote from: josephpalazzo on August 16, 2019, 07:56:00 AM
Mercantilism was tried in the 16th to 18th century... didn't work then, won't work now...

1929-Depression was a result of margin accounts. Great when the stock market is rising, deadly when it's going down. It has a snowball effect: the more people sold, the more other people had to sell. Therefore, big crash.

I'll generally agree with that...
Atheist born, atheist bred.  And when I die, atheist dead!

Baruch

Quote from: Cavebear on August 20, 2019, 08:58:46 AM
I'll generally agree with that...

Merchantilism worked fine within the closed British Pound network. This wasn't fully broken until 1945 (Bretton Woods), bankrupted by two world wars.  It was replaced with the Dollar network until 1971.  Basically anyone still choosing to trade in dollars for inter-nation trade, rather than their native currency, is automatically paying a import/export sales tax to the US for the privilege.  This is the same as in local commerce using debit vs credit card.  If you use a credit card the merchant is paying about 4% of their money over to VISA/MC.

Merchantilism isn't just having the dominant currency, it is always running a trade surplus.

https://en.wikipedia.org/wiki/Balance_of_trade

Green countries are net exporters (proto-mercantilist).  The US can run a trade deficit because of export of dollars to equal the imbalance, but also for inter-state trade, not just the net US trade.  Many net exporters are suppliers of raw materials.  Only Germany and China are net exporters of manufactured goods on a large scale.  That and the fact that they run this surplus year to year ... makes them mercantilist.  Since 2000, in infra-EU trade, Germany runs the net surplus to their benefit and the detriment of the others.  Hence the pressure for Brexit.  Basically GB is paying for campaign promises by German politicians, for German citizens.

US has been a net-importer since 1971 (end of Bretton-Woods).  The US export of dollars subsidizes world trade in general, and mercantilism by Germany and China in particular (they hold US bonds).  This is partially true of GB, where the British Pound still exists as an independent reserve currency.  Regional control of a currency acts as a lever to support mercantilism, hence the need for the Euro and the Yuan.  Hence the importance of NYC and London.  If the EU and China used dollars, all supplied by the US for all trade internal and external (as some S American countries have done, to stop local inflation), the US would be skimming 5% of their GDP back to the US ... this is how the British Empire worked, with the leverage the British Pound gave, originally in silver, but ultimately in gold.  This is why colonial control over silver and gold supplies were so important, because fiat money wasn't yet fully accepted, until WW I.
Ha’át’íísh baa naniná?
Azee’ Å,a’ish nanídį́į́h?
Táadoo ánít’iní.
What are you doing?
Are you taking any medications?
Don't do that.

Cavebear

Quote from: Baruch on August 20, 2019, 09:53:52 AM
Merchantilism worked fine within the closed British Pound network. This wasn't fully broken until 1945 (Bretton Woods), bankrupted by two world wars.  It was replaced with the Dollar network until 1971.  Basically anyone still choosing to trade in dollars for inter-nation trade, rather than their native currency, is automatically paying a import/export sales tax to the US for the privilege.  This is the same as in local commerce using debit vs credit card.  If you use a credit card the merchant is paying about 4% of their money over to VISA/MC.

Merchantilism isn't just having the dominant currency, it is always running a trade surplus.

https://en.wikipedia.org/wiki/Balance_of_trade

Green countries are net exporters (proto-mercantilist).  The US can run a trade deficit because of export of dollars to equal the imbalance, but also for inter-state trade, not just the net US trade.  Many net exporters are suppliers of raw materials.  Only Germany and China are net exporters of manufactured goods on a large scale.  That and the fact that they run this surplus year to year ... makes them mercantilist.  Since 2000, in infra-EU trade, Germany runs the net surplus to their benefit and the detriment of the others.  Hence the pressure for Brexit.  Basically GB is paying for campaign promises by German politicians, for German citizens.

US has been a net-importer since 1971 (end of Bretton-Woods).  The US export of dollars subsidizes world trade in general, and mercantilism by Germany and China in particular (they hold US bonds).  This is partially true of GB, where the British Pound still exists as an independent reserve currency.  Regional control of a currency acts as a lever to support mercantilism, hence the need for the Euro and the Yuan.  Hence the importance of NYC and London.  If the EU and China used dollars, all supplied by the US for all trade internal and external (as some S American countries have done, to stop local inflation), the US would be skimming 5% of their GDP back to the US ... this is how the British Empire worked, with the leverage the British Pound gave, originally in silver, but ultimately in gold.  This is why colonial control over silver and gold supplies were so important, because fiat money wasn't yet fully accepted, until WW I.

This is why we keep you around...
Atheist born, atheist bred.  And when I die, atheist dead!

Baruch

Quote from: Cavebear on August 20, 2019, 11:27:35 AM
This is why we keep you around...

Only you will read it probably.  And I am not sure about that.  I can't predict in advance, what will trigger a significant post.  But I do have a good base in economics, because I follow Steve Keene, and I mostly don't believe the advocacy folks, they are playing their book.
Ha’át’íísh baa naniná?
Azee’ Å,a’ish nanídį́į́h?
Táadoo ánít’iní.
What are you doing?
Are you taking any medications?
Don't do that.

Cavebear

Quote from: Baruch on August 20, 2019, 11:41:42 AM
Only you will read it probably.  And I am not sure about that.  I can't predict in advance, what will trigger a significant post.  But I do have a good base in economics, because I follow Steve Keene, and I mostly don't believe the advocacy folks, they are playing their book.

Everyone probably has some idea they completely accept, even if it is only their own (like me).  For example, I know I exist because my cat Marley has no doubt of it.  Ego quod meum est facio cogitat cattus.
Atheist born, atheist bred.  And when I die, atheist dead!

Baruch

Quote from: Cavebear on August 20, 2019, 12:27:47 PM
Everyone probably has some idea they completely accept, even if it is only their own (like me).  For example, I know I exist because my cat Marley has no doubt of it.  Ego quod meum est facio cogitat cattus.

That means nothing.  Hitler is correct then.  Lebensraum.  Not cogent vs economics as a topic.

The popular view of economics is so primitive and gullible, it is possible for politics/grifting to happen.

Examples:  I only have to work because I am being oppressed.  I would be a millionaire, either with or without working, but the millionaires are hoarding all the money.

I once tried years ago, to put up a basic model of economics, but Joe shut it down, with all the 21st century BS.  Jargon, equations ... all the academic shit.  I can't interest my own daughter in basic thinking, because thinking is hard, and it is easy to be the mindless sheep of one lying faction or another.  People want to be told comforting answers, not have to think it out for themselves.  Though basic economics requires no more than arithmetic.  I only have a few more years left to convince her that communism is wrong (most Millennials are communists).
Ha’át’íísh baa naniná?
Azee’ Å,a’ish nanídį́į́h?
Táadoo ánít’iní.
What are you doing?
Are you taking any medications?
Don't do that.

Cavebear

Quote from: Baruch on August 20, 2019, 02:08:18 PM
That means nothing.  Hitler is correct then.  Lebensraum.  Not cogent vs economics as a topic.

The popular view of economics is so primitive and gullible, it is possible for politics/grifting to happen.

Examples:  I only have to work because I am being oppressed.  I would be a millionaire, either with or without working, but the millionaires are hoarding all the money.

I once tried years ago, to put up a basic model of economics, but Joe shut it down, with all the 21st century BS.  Jargon, equations ... all the academic shit.  I can't interest my own daughter in basic thinking, because thinking is hard, and it is easy to be the mindless sheep of one lying faction or another.  People want to be told comforting answers, not have to think it out for themselves.  Though basic economics requires no more than arithmetic.  I only have a few more years left to convince her that communism is wrong (most Millennials are communists).

I didn't realize how bitter you were about life.  I sure did work to get money to live, but I did it honestly and with interest in what I did because I sought challenging jobs and got what mental pleasure I could from them. (a lot).  And when I retired (ASAP) I've also enjoyed these 13 years and expect more to come because I do interesting things in retement as well.  For example, last year I set up a flowerbed for bees and butterflies and accidentally seeded it with Njger seed meant for the finch feeder.  The bed is crazy with orange nyger flowers.  LOL!

I won't do that next year, but I'll plant saved seeds of other kinds.

No, most millenials seem to be entrepenurial socialist capitalists.  You will never understand that.  I don't quite either.  I liked a steady salary and regular hours and I suspect that is gone for at least a few decades.  I retired just in time...
Atheist born, atheist bred.  And when I die, atheist dead!

Baruch

Quote from: Cavebear on August 20, 2019, 02:29:12 PM
I didn't realize how bitter you were about life.  I sure did work to get money to live, but I did it honestly and with interest in what I did because I sought challenging jobs and got what mental pleasure I could from them. (a lot).  And when I retired (ASAP) I've also enjoyed these 13 years and expect more to come because I do interesting things in retement as well.  For example, last year I set up a flowerbed for bees and butterflies and accidentally seeded it with Njger seed meant for the finch feeder.  The bed is crazy with orange nyger flowers.  LOL!

I won't do that next year, but I'll plant saved seeds of other kinds.

No, most millenials seem to be entrepenurial socialist capitalists.  You will never understand that.  I don't quite either.  I liked a steady salary and regular hours and I suspect that is gone for at least a few decades.  I retired just in time...

My experience/interest extends beyond myself.  Compared to a "Death by starvation" baby in Somalia, I have had it good.  But I hear the cries of billions of people, and then silence.  I am tied to all who have lived, are living, will live.  Not just humans.  How can I not be horrified, be bitter?   I can hope for the Millennials (though I often don't claim hope, as a matter of policy).  They may be young, but they are strong and will mature.  Shiranu for example.  They must not go quietly into the night.  I won't.  Though I expect to die any day, even today.  The ravenous jaws of despair are always open.
Ha’át’íísh baa naniná?
Azee’ Å,a’ish nanídį́į́h?
Táadoo ánít’iní.
What are you doing?
Are you taking any medications?
Don't do that.

Cavebear

Quote from: Baruch on August 20, 2019, 02:38:06 PM
My experience/interest extends beyond myself.  Compared to a "Death by starvation" baby in Somalia, I have had it good.  But I hear the cries of billions of people, and then silence.  I am tied to all who have lived, are living, will live.  Not just humans.  How can I not be horrified, be bitter?   I can hope for the Millennials (though I often don't claim hope, as a matter of policy).  They may be young, but they are strong and will mature.  Shiranu for example.  They must not go quietly into the night.  I won't.  Though I expect to die any day, even today.  The ravenous jaws of despair are always open.

Your depth of feeling shows when forced.  And I admire what you said.  How CAN we worry about a few dozen deaths per month by mass-murderers when so many more die by guns every day and MANY more die of starvation and disease every day?

I'm not making light of anything.  Everytime you post thoughtfully, I am "happy in my head".

That was a very good post...
Atheist born, atheist bred.  And when I die, atheist dead!

Baruch

Very few care to listen to my beating heart.  This world is almost as lonely as being marooned on the dark side of the Moon.

https://www.youtube.com/watch?v=oUKw4qcGHZs

Neil Armstrong remembers his deceased daughter.  I remember our loss of first pregnancy.  My "son".  This colors how I feel about abortion not just miscarriage.
Ha’át’íísh baa naniná?
Azee’ Å,a’ish nanídį́į́h?
Táadoo ánít’iní.
What are you doing?
Are you taking any medications?
Don't do that.

Cavebear

Quote from: Baruch on August 20, 2019, 05:13:23 PM
Very few care to listen to my beating heart.  This world is almost as lonely as being marooned on the dark side of the Moon.

https://www.youtube.com/watch?v=oUKw4qcGHZs

Neil Armstrong remembers his deceased daughter.  I remember our loss of first pregnancy.  My "son".  This colors how I feel about abortion not just miscarriage.

I can only slightly understand, never having been in that situation.  But I do understand  a post coming from the heart.  Peace to you...
Atheist born, atheist bred.  And when I die, atheist dead!

Baruch

Quote from: Cavebear on August 20, 2019, 06:19:08 PM
I can only slightly understand, never having been in that situation.  But I do understand  a post coming from the heart.  Peace to you...

But you have lost relatives you cared for?
Ha’át’íísh baa naniná?
Azee’ Å,a’ish nanídį́į́h?
Táadoo ánít’iní.
What are you doing?
Are you taking any medications?
Don't do that.

Cavebear

Quote from: Baruch on August 20, 2019, 08:08:24 PM
But you have lost relatives you cared for?
4 Grandparents, a close cousin, both Parents, and one Sister...  My first experience with death was the cousin.  He drowned at 12.  I somehow thought he would still be there when we visited the next Summer.  It wasn't a good experience.

I don't think of any of them as watching over me if that's what you mean.

And I'll add this, which you don't NEED to know but may explain something about me.  I want physical things of those cherished ones who have died/  To touch and use in memory...  I asked about my cousin's telescope.  Thr adults misunderstood.  I got a telescope for Christmas that year.  That wasnt' the point.  I wanted something from my dead cousin.   I never got it.
Atheist born, atheist bred.  And when I die, atheist dead!

Baruch

Quote from: Cavebear on August 20, 2019, 09:10:09 PM
4 Grandparents, a close cousin, both Parents, and one Sister...  My first experience with death was the cousin.  He drowned at 12.  I somehow thought he would still be there when we visited the next Summer.  It wasn't a good experience.

I don't think of any of them as watching over me if that's what you mean.

And I'll add this, which you don't NEED to know but may explain something about me.  I want physical things of those cherished ones who have died/  To touch and use in memory...  I asked about my cousin's telescope.  Thr adults misunderstood.  I got a telescope for Christmas that year.  That wasnt' the point.  I wanted something from my dead cousin.   I never got it.

Yes, sad.  I didn't have any direct contact with death until much later, when my father died.  My father was traumatized at 9, he and a buddy were wading in the Rio Grande, at Eagle Pass, and quicksand took his friend.  I don't think he ever got over that, and his mother, who unknown to him was his stepmother, died of breast cancer when he was about 9 too.  His natural mother had died from the c-section he was born thru.  The step mother was the nurse of his natural mother.
Ha’át’íísh baa naniná?
Azee’ Å,a’ish nanídį́į́h?
Táadoo ánít’iní.
What are you doing?
Are you taking any medications?
Don't do that.