Three unrelated stories yet all are compelling and all illustrate things going wrong and people doing stupid stuff in order to make themselves look good when they are dripping with blood and stealing stuff, etc. First, the crazy students who think college is an expensive playground where they can wreck things for fun. University students using the library for running wild, skateboarding and throwing balls, eating instead of studying:
Tag Archives: inflation
Bloomberg knows very well the answer to this question: How Does Norway Achieve Inflation When Others Can’t? – Bloomberg Business but will NOT tell readers of his ‘news’.
Once upon a time, the only thing one could park in a central bank vault to support the value of paper money was GOLD. And silver. All coins of responsible societies were made from copper, gold and silver. Countries with fake money used cheap metals like zinc. Paper money was invented by the Chinese to replace gold only they discovered this created inflation due to money printing and adding zeros is laughably easy.
Here is a classic example of hiring someone who knows hardly anything to bloviate about something that is fairly easy to understand. Namely, our trade partners all do the same exact thing: they hold US dollars in their central banks to make the dollar stronger against their own currency in order to run perpetual trade surpluses with the US which is deeper and deeper in the red each generation: The Strong Dollar Is Always Good, Except When It Isn’t – NYTimes.com
The European Central Bank significantly loosened its monetary policy on Thursday, in the process driving down the euro and bolstering the dollar. Measured against a basket of currencies, the dollar’s value has soared 19 percent since May, and the momentum seems to be building.
It appears that the US and Saudi Arabia, that is, the country that supports torture of prisoners and the country that beheads people for not obeying the strictest form of Muslim beliefs and stones women to death for infractions like say, driving a car, are attacking Russia which is a liberal, modern country that has rights for women and no religious persecution. The scheme is to flood the world markets with oil and then cause Putin to be unpopular and then see the Russian flounder and fail and fall apart like when they were led by the very unpopular communist party.
The recent headlines about how an unnamed anonymous Obama agent supposedly called the world’s nastiest Nazi, Netanyahu, a chickensh*t’ has reached amazing levels due to the fact that Jews, for the most part, own or run most of our media and almost all are rank Zionists. It is obvious to everyone except most Americans, that Obama is treated like the doorman to the White House which really belongs to Netanyahu thanks to all our many rich Zionists who run this nation pretty much so that Israel may commit war crimes and steal stuff.
ALFRED Graph – ALFRED – St. Louis Fed: Starting in the 1990’s, our government and Europe’s elites all removed the very vital energy and food data from inflation statistics which then allowed them to devalue capital from savings and have artificially low interest rates. This, in turn, has made speculators and bankers very, very rich and spawned one equity/asset bubble after another. Which, in turn, has driven many governments deep into debt and wrecked the banking system and made everyone who is middle class and poorer, much, much poorer. This raid on capital is destroying capitalism.
As it happens in all depressions: nationalist socialist parties surge while liberalism dies. In the US, liberals are busy amputating themselves by pushing ‘global warming’ (sic) which applies virtually only to California and Florida while other states freeze. In India, the BJP party won hugely in this election due to the Congress party trying to do the IMF two step, that is, cutting taxes and cutting social services while driving down inflation to ZIRP levels.