Wage growth is flat in the UK despite house price growth and falling unemployment. They have postponed rate rises and the pound has fallen. We desperately need wages rises. This is a worrying place to be.
Whenever you have an argument with someone, there comes a moment where you must ask yourself, whatever your political persuasion, 'am I the Nazi?'
If the developed nations were so jolly good at inventing new technology and flogging it at a profit, the politicians and bankers of those developed nations wouldn't have needed to invent new 'technologies' like borrowing up big to live beyond your means, repealing Glass-Steagall, and Derivatives. Nor would the central banks of those developed nations have needed to 'invent' ZIRP and QE in an attempt to keep the poo in the horse a bit longer.
The misapplication of financial innovations and regulatory regimes is by no means limited to Western-style highly-developed economies. The most pervasive and "successful" Ponzi schemes of all time (in terms of participation rates) were seen in Albania in 1996-97, where 2/3rds of the population invested, before the inevitable crash.
There is only one direction that wages can go in western economies and that I'm afraid, is down.
Unless we do things that the developing countries can't.
What, like break away from the OECD, the US. Dollar, the UN and all the organizations our government (whoever is in power) has followed and bowed down to for the last umpteen years?
That will never happen, and thankfully it hasn't because that club we are a member of is the very reason we have enjoyed the prosperity we have. Up until now.
The delusion that Australian's can vote in a government of their choice to do their will was smashed along with the first nation party but few Australians realized this at the time. That is because they were too consumed with the smear campaign the television fed them. You see most people believe what they see on tv because they cannot concieve that such a powerful tool could be usurped for the benefit of a small minority. Yet tv is funded by expensive advertising that wholly benifits... a small minority. Why can't people connect the dots?
Shadow sees no problem with wages falling in the US or anywhere presumably, as long as house prices are rising. What does this tell us? It tells us that shadow's entire existance as a human now revolves around rising house prices and in his view that is all that matters. It doesn't seem odd to him to wake up and see the cart before the horse, pulling the horse up the road. As long as the cart is moving all is well in the world. This is the sort of logic you see coming out at bubble tops. A desperate irrational mania that pushes all obstacles aside in its rush for profits.
House prices in America will undoubtedly fall again. Probably slowly over many decades just lime from the 1930's onwards. History repeats, over and over and over.
Shadow was hopelessly wrong about the Gold Bull Market. What else is he wrong about?
The delusion that Australian's can vote in a government of their choice to do their will was smashed along with the first nation party but few Australians realized this at the time. That is because they were too consumed with the smear campaign the television fed them. You see most people believe what they see on tv because they cannot concieve that such a powerful tool could be usurped for the benefit of a small minority. Yet tv is funded by expensive advertising that wholly benifits... a small minority. Why can't people connect the dots?
I think you are talking about One Nation? Not "First" Nation. Regardless, why doesn't it surpise me to find out you are/were a Pauline Hanson / One Nation supporter?
Regardless, why doesn't it surpise me to find out you are/were a Pauline Hanson / One Nation supporter?
I wasn't, I never even voted in the election actually. I just observed the phenomena. You know more about her than I do obviously but it doesn't change the fact does it. She was stamped out because her policies didn't align with the western agenda we follow. But obviously many people desired her brand of politics.
Don't feel bad about your assumptions being wrong. You are just stereotyping people who even mention the historical fact. That is the power of the programming you received off the tv set at the time of her destruction, even after all these years you are still following the programming. Amazing isn't it.
Shadow was hopelessly wrong about the Gold Bull Market. What else is he wrong about?
Regardless, why doesn't it surpise me to find out you are/were a Pauline Hanson / One Nation supporter?
I wasn't, I never even voted in the election actually. I just observed the phenomena. You know more about her than I do obviously but it doesn't change the fact does it. She was stamped out because her policies didn't align with the western agenda we follow. But obviously many people desired her brand of politics.
Don't feel bad about your assumptions being wrong. You are just stereotyping people who even mention the historical fact. That is the power of the programming you received off the tv set at the time of her destruction, even after all these years you are still following the programming. Amazing isn't it.
Re your support of One Nation or not - OK I'll take your word for that. Re my knowledge of them, if knowing what their actual name was makes me knowledgable, then Ok.....
Re why they failed ultimately - bollocks! It wasn't because of "TV" led brain-washing/programming! It was because they/her (PH) were a bunch of incompetent, small-minded bigots / racists with delusions of granduer. Sure they were attacked / underminded severely by the established political parties - you are going to get that if you come in and try and change the status quo. PUP and the current senate cross-benchers are copping that right now. But anyone who is a half-decent political operator with half a brain should be able to leverage their political support base and push through all that, rather than just implode into nothing. One Nation were a pack of half-brained loonies IMO - and I didn't need to be "brainwashed" to figure that out!
Sure they were attacked / underminded severely by the established political parties - you are going to get that if you come in and try and change the status quo...
One Nation were a pack of half-brained loonies IMO - and I didn't need to be "brainwashed" to figure that out!
Yes they were attacked by the other parties, but you wouldn't have known that unless the tv had not broadcast the fact. Every media outlet, every single one denigrated her. Then she was jailed on some obscure technicality that was actually the fault of an underling.
I have not made any personal comments about her policies, they are unimportant in this discussion. But ask yourself if you wholly agree with the policies currently in place, of ongoing wars with iraq and Afghanistan, possibly Russia now too, lol. About the hundreds of billions paid yearly to welfare bludgers (many of them are) of the free trade agreement that allows cheap gm foods from the US to undermine our local producers.
Do you agree with all these and all the other set in concrete policies? It doesn't matter if you do or don't. They won't change and you won't see a peep out of the mainstream media on the negative effects either.
You habe no choice except tweedle dum or tweedle dee.
... those developed nations wouldn't have needed to invent new 'technologies' like borrowing up big to live beyond your means, repealing Glass-Steagall, and Derivatives. Nor would the central banks of those developed nations have needed to 'invent' ZIRP and QE in an attempt to keep the poo in the horse a bit longer.
And what was the end result of all the financial innovation. A mammoth collapse of the financial markets that led to the big players who invented all the "technology" getting mammoth taxpayer bailouts.
The truth is all they did was create new forms of debt to postpone the enviable collapse brought on by too much debt. Now they create even more but wages no longer go up nor do economies grow. Wages are falling and economies are contracting. The end result is obvious and we will be in a mammoth depression within a decade in my estimation.
The debt must be repaid or written off in a collapse of the global economy again. It's too big to repay so that leaves option #1 as the only solution.
Shadow was hopelessly wrong about the Gold Bull Market. What else is he wrong about?
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