Every One of the World’s Big Economies Is Now Growing
A decade after the world descended into a devastating economic crisis, a key marker of revival has finally been achieved. Every major economy on earth is expanding at once, a synchronous wave of growth that is creating jobs, lifting fortunes and tempering fears of popular discontent.
No tidy, all-encompassing narrative explains how the world has finally escaped the global downturn. The United States has been propelled by government spending unleashed during the previous administration, plus a recent $1.5 trillion shot of tax cuts. Europe has finally felt the effects of cheap money pumped out by its central bank.
In general terms, improvement owes less to some newfound wellspring of wealth than the simple fact that many of the destructive forces that felled growth have finally exhausted their potency.
The long convalescence has yielded a global recovery that is far from blistering in pace, and geopolitical risks threaten its demise. Many economists are skeptical that the benefits of growth will reach beyond the educated, affluent, politically connected class that has captured most of the spoils in many countries and left behind working people whose wages have stagnated even as jobless rates have plunged.
And still the fact that every major swath of the globe is expanding is a source of optimism. There is no guarantee that this expansion will prove more equitable. Yet if growth were to evolve, bolstering wages while adding to the security of middle-class lives, the beginning would probably feel something like now.
“The world is less reliant on a few star performers,” said Barret Kupelian, senior economist in the London office of PwC, the global accounting and consulting company. “If something bad happens in one economy, the fact that global growth is spread gives you more assurance that this is more sustainable.”
Growth Across the Globe
For the first time since the financial crisis a decade ago, all of the world’s major economies are growing.
The United States, the world’s largest economy, is into its ninth year of growth, with the International Monetary Fund lifting expectations for expansion to 2.7 percent this year from 2.3 percent because of the tax cuts.
China has diminished fears of an abrupt halt to its decades-long growth trajectory. Europe, only recently dismissed as anemic and hopelessly vexed by political dysfunction, has emerged as a growth leader. Even Japan, long synonymous with grinding decline, is expanding as well.
Rising oil prices have lifted Russia and Middle East producers, while Mexico has so far transcended fears that menacing trade rhetoric from the Trump administration would dent its economy. Brazil, still suffering the effects of a veritable depression, is flashing tentative signs of recovery.
The result is a hopeful albeit fragile recovery, one vulnerable to the increasingly unpredictable predilections of world leaders.
Threats of nuclear annihilation exchanged by President Trump and the North Korean leader Kim Jong-un have sown fears. Britain’s pending departure from the European Union — known as Brexit — holds the potential to ensue absent a deal, subjecting Europe to grave uncertainty about the rules of trade especially for finance. And Mr. Trump’s on again-off again vows to tear up the North American Free Trade Agreement while unleashing a trade war with China also risks derailing growth.
“We used to operate under the idea that Western markets are politically stable, while we accepted that frontier markets were risky,” said Martin Scheepbouwer, chief executive officer of the OLX Group, which operates online classified advertising platforms in 41 countries. “Nowadays, with Brexit in Europe and the presidency in the United States, there’s a new level of instability looming over the economy. That’s something that concerns us.”
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Not until the summer of 2012, after Mario Draghi, the European Central Bank chief, vowed to do “whatever it takes,” did Europe’s economic siege lift.Credit Fredrik Von Erichsen/DPA, via Agence France-Presse — Getty Images
The world economy is expected to grow by 3.9 percent this year and next, up from 3.7 last year, and 3.2 percent in 2016, according to the I.M.F. That is positive. Yet in the years before the crisis, global growth typically exceeded 4 percent.
As the World Economic Forum this past week released an assessment of risk factors featuring a survey of 1,000 experts, it found that 93 percent of respondents saw increased threat of political or economic confrontations. Some 79 percent fretted about heightened likelihood of military conflict and 73 percent saw rising risks of an erosion of world trading rules.
The report also warned of rising economic inequality, growing threats to cybersecurity and increased incidence of extreme weather enhanced by climate change.
“Many of these risks are increasingly systemic,” said Margareta Drzeniek Hanouz, an economist at the World Economic Forum, adding that they threaten “catastrophic consequences for humanity, and for the economy.”
Global businesses appear cautiously optimistic that the good times can last.
In Poland and Brazil, online job listings are growing rapidly, according to OLX, a clear indication of growth. Across Europe, real estate ads offering homes for sale have increased at more than double the pace of rental properties, another sign that people are operating with more money.
The global crisis began more than a decade ago with the calamitous end of an American real estate bonanza that set off a global disaster involving so-called derivatives.
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Mexico, a major producer of avocados, has so far transcended fears that menacing trade rhetoric from the Trump administration would dent its economy.Credit Ronaldo Schemidt/AFP
As the reckoning played out from the United States to Europe to Asia, oil prices plunged, hitting Russia and the Middle East. Soybean farms in Brazil and Argentina saw orders plummet. So did mines in Australia and India, and computer chip fabricators in Malaysia and South Korea.
Washington engineered swift relief, with a bank rescue and an enormous injection of credit from the Federal Reserve. But Europe prolonged the agony with bitter recriminations over who should clean up the mess.
As European governments bailed out national banks, foisting the costs on taxpayers, investors demanded higher interest rates to continue lending, raising existential questions about the euro. Not until the summer of 2012, after the European Central Bank chief Mario Draghi vowed to do “whatever it takes,” did the siege lift.
This year, the 19 nations that share the euro are expected to see economic growth of 1.9 percent, according to I.M.F. That is not scorching. In Spain, Greece and Italy, young people still grapple with terrible rates of joblessness. Yet compared with the 4.5 percent decline in 2009, and smaller contractions in 2012 and 2013, it makes for a different era.
As recovery has spread, factories in Eastern Europe have bustled with additional orders. Auto plants in the Czech Republic, Slovakia, Poland and Romania have sent growing volumes of cars toward Germany, France and the Netherlands.
DSM, a Netherlands-based multinational company that makes nutritional products, opened a $60 million factory in Rwanda last May that is buying soy and corn from nearly 10,000 local farmers and using it to produce instant porridge.
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Auto plants in the Czech Republic, Slovakia, Romania, and Poland have sent growing volumes of cars toward Germany, France and the Netherlands.Credit Bartek Wrzesniowski/AFP
“We are investing heavily in Asia and also in Africa because the growth of the population there is stronger,” said the company’s chief executive officer, Feike Sijbesma. “Africa, which always was the forgotten continent, is not the forgotten continent any longer.”
The reawakening of Europe combined with growth in the United States has kept Chinese industry humming to satisfy demand for goods, from auto parts to tools to clothing. More factory production has lifted prices for commodities, and increasing revenues at copper producers in Chile and Indonesia, gold mines in South Africa and silver operations in Sweden.
The world is now enjoying a positive feedback loop, with growing business confidence leading to more hiring, delivering gains in consumer spending. More money in consumer pockets gives businesses more reason to expand.
“There’s basically no country in the world where the consumer is not doing well,” said Bart van Ark, chief economist at The Conference Board, a business and research association in New York.
The question now is whether new investment will materialize quickly enough to sustain expansion. Factories in Germany, France, the Netherlands, and Portugal were operating at close to full capacity at the end of last year, according to data analyzed by The Conference Board.
In the United States, investment is increasing, adding to momentum for expansion. In Europe, the growth is uneven.
The biggest concern comes from Washington, where the Trump administration has frequently vowed to punish Mexico and China for their lopsided trade balances with the United States — a step that would raise the cost of components used by American factories. In a sign that such talk has moved beyond rhetoric, the Trump administration this past week slapped protective tariffs on imports of solar panels and washing machines.
“You get into a trade war, that’s the real worry,” said Ben May, a global economist at Oxford Economics in London. “The impacts on global growth would be quite severe.”
126 Comments on "Every One of the World’s Big Economies Is Now Growing"
rockman on Sat, 27th Jan 2018 3:21 pm
One possible explanation: oil prices began their big decline in Aug 2014. All major economies in growth mode now: LAG TIME.
joe on Sat, 27th Jan 2018 3:40 pm
Fake news. EU stats include services like legal prostitution and even black market activities. Its all bullshit. Trumps stock market bubble will bust when interest rates spike in 2-3 years from now…..
Cloggie on Sat, 27th Jan 2018 3:58 pm
Peak oil doomerism just collapsed itself into its own footprint with the speed of gravity.lol
Ghung on Sat, 27th Jan 2018 4:18 pm
Depends on how you calculate growth I guess. People with giant tumors are ‘growing’.
Peak oil wasn’t debunked just delayed. Europhia is always just a temporary condition.
As M. King Hubbert (1962) shows, Peak Oil is about discovering less oil, and eventually producing less oil due to lack of discovery. https://imgur.com/a/6dEDt
Existing oil reserves are scheduled to begin a catastrophic crash within 1 to 3 years. When it hits the economic and social damage will be catastrophic. The end of Western Civilization, from China to Europe, to the US, will not occur when oil runs out. The economic and social chaos will occur when supplies are merely reduced sufficiently….
Here are five peer reviewed scientific studies authored by top experts that prove beyond any reasonable doubt that global civilization will collapse within the next decade.
Simple really….when the World Economy Collapses everything shuts down…the end… We’re talking about grids down all over the world and 7.5B people dropping like f*** flies in short order. The collapse will be absolutely horrible..There is no collapse or horror movie ever produced that has even come close to imagining what the collapse of BAU might look like. I’m talking about every corporation and every social program going bankrupt at once. I’m talking about people eating people. I’m talking about the Worst Catastrophe to ever happen in the history of mankind. Nothing has ever, or will ever come close….
Recently, the HSBC oil report stated that 80% of conventional oil fields were declining at a rate of 5-7% per year. This means that there will be an oil shortage of ~30 million barrels per day by 2030 and ~40 million barrels per day by 2040. http://www.scribd.com/document/367688629/HSBC-Peak-Oil-Report-2017
What is mentioned far less often is that annual oil discoveries have lagged annual production since the 1980s. https://imgur.com/a/6dEDt
Here, the IEA blames this problem on the low oil price. But, this problem started in the 1980s. The problem is geological: we are running out of conventional cheap oil. Shale and tar sands are not the answer, either. Those resources are far too expensive, compared to conventional oil, because the global economy is based on cheap conventional oil. Expensive oil is not a replacement for cheap oil.
Based upon the HSBC report and the IEA, the End of Oil Age will start around ~2020: there will be a dramatic economic depression due to exhaustion of cheap oil. This will cause a global economic collapse.
fmr-paultard on Sat, 27th Jan 2018 5:24 pm
((mm)) what chu talking about breeding supertards daughter and rich people’s daughters? you ain’t breeding noting. the only breeding u do is virtual breeding. it’s the age of virtual. virtual farm, virtual alliance – euro “confederation”. you’re an inconsistent mess. on one hand you are against president trump. trust me i was againsthim too. i used to call him a p*ssy grabber. but since he didn’t grab my bumpski and gave Jerusalem to Israel, I’m now all kosher. I’m a libtard but i like him a lot. he’s cool.
you want to grab the bumpski so you can easily breed their daughers? ain’t gonna happen. I’m a meretard and i used to think that way too. it didn’t do me anyone good because i’m still scoreless.
anyways, the cat out of the hat. you aint’ gonna take anything.
First lie: “The United States, the world’s largest economy, is into its ninth year of growth…” Fake numbers massaged to keep the suckers in the market and the serfs stupid. ‘Growth’ with incomes back to 1970s levels? ~45 million on food stamps? Millions homeless. Real unemployment at 10%+. (Shadowstats)
After a few more paragraphs, I stopped reading. The smell of bullshit was too strong. It was turning my stomach. Only the billionaires show growth. The rest? “Let them eat cake!” LMAO
Mad Kat on Sat, 27th Jan 2018 5:40 pm
joe, you got it right. The collapse is coming. The printing presses are going to blow everything up. Your 2-3 year time line sounds about right. Maybe sooner if the tweeter-in-chief keeps doing stupids stuff. Quite a show. Glad I am here and not there.
Mad Kat on Sat, 27th Jan 2018 6:12 pm
“The United States of America was conceived and nurtured by violence.
Americans not only engage in violence, they are entertained by it.
Killing takes place in America at an average of 87 times each day. Going to war in Afghanistan is less dangerous than living in Chicago.”
Even worse than in a 3rd world country … Slip slidin’…
Davy on Sat, 27th Jan 2018 6:20 pm
I sure hope there is growth after all the shit they have thrown at it. We have some pretty mean bubbles in a variety of places. The problem with bubbles is they take growth figures the other way too when they deflate. Anyone gloating over the economy these days is a fool. Let’s hope it lasts because it may get nasty.
Onlooker, debt is the chain around most people’s necks today. At least in the West. I enjoy the show day to day, waiting for the inevitable crash and burn. There are no financial stats that can be relied upon. All we can do is prep and wait.
Davy on Sat, 27th Jan 2018 6:46 pm
“Onlooker, debt is the chain around most people’s necks today.”
Smart and successful people can use debt to realize more success. Don’t cloud the forest for the tree thing billyT.
MythBuster on Sat, 27th Jan 2018 9:07 pm
These days, global economic growth is directly equal to the amount of new “money” created by the central banks. No more QE or bond buying by EU/Japan, and most importantly no more debt creation by China = no more economic “growth”. The second that central banks stop pumping free money into the system, it will go belly up.
Mad Kat on Sat, 27th Jan 2018 9:44 pm
MythBuster, you have a clear picture of the situation. It is ALL built on debt and many millionaires/billionaires are going to be selling pencils on the street after. IF they are allowed to live by the serfs.
Mad Kat on Sat, 27th Jan 2018 10:08 pm
Chinais moving ahead whule the US is slipping behind.
“Introducing The “Polar Silk Road” – China’s Latest Arctic Power Grab”
This is not news to me. I read about it months ago. The Russians and Chinese are opening up a shortcut to the European market. The US is opening s can of beans in some desert.
All you Black folks, you must go
All you Mexicans, you must go
And all you poor folks, you must go
Muslims and gays, boy, we hate your ways
So all you bad folks, you must go
“Smart and successful people can use debt to realize more success.”
Without s doubt, one of the most stupidest things that you’ve said yet, delusionalist.
Mad Kat on Sun, 28th Jan 2018 12:46 am
Greg, is it me or do our Tweedledee and Tweedledum seem even more delusional than ever, if that is possible? I Keep getting the sense that they are losing their ability to even post rational thoughts. They seem to be cutting and pasting old put-down shit more and more, and relying on put-downs instead of references. Both are arrogant to the max and would get their face punched in in any bar scene. Just askin’.
GregT on Sun, 28th Jan 2018 1:22 am
‘They” have been attacking you, “their” fellow American citizen, on an almost daily basis for over four years now Mad Kat.
There is nothing what-so-ever normal, or even sane about that. The guy is a complete nut case.
Mad Kat on Sun, 28th Jan 2018 1:39 am
Greg, He/”they” think his/their antics actually cause me to be annoyed. I find the attacks to be entertaining and juvenile. As I mentioned several times before, I was harassed by professionals at Officer’s Candidate School about 50 years ago. The Tack Officers had control over my getting my commission and it was their job to “wash out” as many as possible. 265 went in. 95 got a commission. I spent the next nine years as a commissioned officer in the PA National Guard. He/”they” is/are amateurs.
I am enjoying watching them self-destruct. Whereas, he/”they” is/are just getting more and more frustrated. He/”they” cannot win as he/”they” are zeros in my book. Not as important as the cockroaches I see on the street. And there is nothing he/”they” can do about it.
I am not joking it happens every famine! Many people were jailed during the Russian famine of the early 20th century for snatching children up and eating them!
Mad Kat on Sun, 28th Jan 2018 2:24 am
Give it up, Mm. Your immature view of reality is funny, not scary. You have no idea of what is really coming. Just your zombie fantasies.
Davy on Sun, 28th Jan 2018 2:28 am
“Smart and successful people can use debt to realize more success.” “Without s doubt, one of the most stupidest things that you’ve said yet, delusionalist.”
Or you can play the Vancouver housing casino and pocket $1MIL off the poor Chinese that got fleeced by a money laundering scheme between China and Canada. That was not very smart but grehggieT think he is smart because of it. I say dumb luck for a dumbass.
Davy on Sun, 28th Jan 2018 2:33 am
“I Keep getting the sense that they are losing their ability to even post rational thoughts.”
“Both are arrogant to the max and would get their face punched in in any bar scene.”
Telling on yourself billyT? We know grehggieT is an arrogant stalker and pricker so mixing in the two of you unfortunately is toxic for the respectability of this forum.
Davy on Sun, 28th Jan 2018 2:35 am
“As I mentioned several times before, I was harassed by professionals at Officer’s Candidate School”
Another thing you failed at, billyT. College drop out, divorce, bugged out on family, and stabbing your country in the back. You are a pretty worthless creature.
Sounds typically off the mark from billyT. Growing is a much bigger topic than inflation billyT. Try again with your highschool economic analysis. Do you realize the inflation is many times an indication of growth? Nope, because you dropped out of school so we would expect you not to know that.
Mad Kat on Sun, 28th Jan 2018 5:55 am
Hmmm. Davy, what does my past education have to do with my years of real education? Unless you are going to be an engineer or doctor, it is worthless. Americans are brainwashed to believe it is necessary to be successful or to know how the world works. Bullshit! All it does now is make debt slaves out of millions of gullible youth and destroy lives.
A self-made millionaire friend of mine never went to college. He worked and used his brain to build a business that allowed him to own a $12 million home in Paradise Valley, Arizona and to go on several month long African safaris later in life. Many of his trophies are now in the Salt Lake City Museum. Most colleges will close after the SHTF. Lack of monoey/students/grants. I hope the professors can sell pencils on the street or they will starve.
You small mind cannot accept that there are others smarter than you and in a better position without a supposed 1%er support system. I didn’t “fail” at anything, and it is none of your business what agreement I had with my Ex. Happens to about 50% of Americans these days.
My country stabbed me in the back by turning into a murdering, plundering, immoral, insane empire that kills women and children without thought. You support it so you are no better. I did not have to remain in captivity so I left along with thousands of other Americans who leave every year. If it goes down tomorrow, I will not be surprised or sad. Payback for the murders and plundering is a bitch and it is going to be a big, very nasty one I am sure. Soon, I hope!
Davy on Sun, 28th Jan 2018 6:12 am
“Hmmm. Davy, what does my past education have to do with my years of real education? Unless you are going to be an engineer or doctor, it is worthless”
billyT, you have to have an education to get an education otherwise a person turns out like you. You are a know it all that knows very little. Your world is a binary world of good or bad based upon your agenda. Real honest science is not agenda based. You are clearly agenda based. There is no balance or objectivity in your conversations.
“A self-made millionaire friend of mine never went to college.”
I thought you hated self-made millionaires now you say you have friends that are millionaires. What is it BillyT? Did you forget that important part of your hate agenda you are peddling?
“I didn’t “fail” at anything, and it is none of your business what agreement I had with my Ex. Happens to about 50% of Americans these days.”
Your life is a failure billyT and you tell on yourself daily with inconsistencies and double standards. FRAUD
“My country stabbed me in the back by turning into a murdering, plundering, immoral, insane empire that kills women and children without thought.”
You stabbed your country in the back for personal reasons. Your life was a failure in the US. Multiple failures have driven you to personality dysfunctions of hate and revenge. People like you don’t accept personal responsibility. You are always pointing your scrawny pale fingers at someone who fault it is but never do you look in the mirror. Your life is one big failure with a cover up with how wonderful you are and the choices you made. You make me sick billyT.
Mad Kat on Sun, 28th Jan 2018 6:30 am
Davy, my high school education was equal to today’s four year college education. Maybe even more so and it was free. I went to school when they actually had qualified teachers, not today’s teach to the test babysitters. You would have no idea as you were born after the US went into the shitter in the 1960s.
Your name calling is only an indication of your frustration at your hopeless situation. You cannot stay and you cannot leave. Must be frustrating. And what of your previous remarkj that you have a place in Italy? Going to “stab your country in the back” when the SHTF?
Most Americans today would love to have had the life I enjoyed. We always had enough and more. I raised a healthy, happy, independent family. You would not have any idea what that is as you are tied to yours by $$$.
You project your life into mine hoping to make yourself feel good, but it doesn’t work. All you are saying about me is pure bullshit, or is it goat shit? Doesn’t matter booth smell.
Get a shrink. You need one as you are trying to be one and it is not working. It is only making you look foolish.
I am here. You cannot change that fact or my satisfaction with my situation. You can try to put it down but you have nothing firm to work with, just wrong guesses. You are just making a bigger fool of yourself.
Cloggie on Sun, 28th Jan 2018 6:36 am
And what of your previous remarkj that you have a place in Italy? Going to “stab your country in the back” when the SHTF?
When Davy and I were more on speaking terms than today, he confided that he was glad that he had a refuge in Italy and an Italian passport.
Davy will never fight. He will hide under the skirts of his misses high in the Alps of 100% white rural Italy in case of the shtf. Poor Davy. Italians have a pretty strong feeling of national pride and they should. Wonder how poor globalist Dave will fit in there. He is a bit Czech, a bit German, a bit American. All very confusing.
Davy on Sun, 28th Jan 2018 6:52 am
“Davy, my high school education was equal to today’s four year college education.”
LMFAO is all I can respond with.
“Your name calling is only an indication of your frustration at your hopeless situation. “
What is your name calling then? HYPOCRITE
“what of your previous remarkj that you have a place in Italy? Going to “stab your country in the back” when the SHTF?”
Explain stupid? My wife has a home in Italy I can go to so what. I can go if I want, big deal. I guess you are jealous of that too.
Most Americans today would love to have had the life I enjoyed.
LMFAO yet again. You are a friggen hoot this morning billyT.
“We always had enough and more. I raised a healthy, happy, independent family. You would not have any idea what that is as you are tied to yours by $$$.”
Then why did you desert your family and run off into hiding?
“You project your life into mine hoping to make yourself feel good, but it doesn’t work. All you are saying about me is pure bullshit, or is it goat shit? Doesn’t matter booth smell.”
Translation: You pegged me davy!!!!!
“I am here. You cannot change that fact or my satisfaction with my situation. You can try to put it down but you have nothing firm to work with, just wrong guesses. You are just making a bigger fool of yourself.”
billyT, there would be no putting you down if you would not be the one disrespecting Americans like me on a routine daily basis. Expect the pain of being moderated daily dumbass or get a life. Why not be a real man and go live at the jungle old folk’s home with the pet cobra and monkey troop. There are consequences for poor behavior. You talk about how educated you are show it.
Davy on Sun, 28th Jan 2018 6:58 am
“When Davy and I were more on speaking terms than today, he confided that he was glad that he had a refuge in Italy and an Italian passport.”
Sure clog, I have a place to go. Nice to have and I am grateful. I don’t plan on going unless I need to. You unfortunately have nowhere to go. Maybe if you were not such a “bad catch” you might have a wife and have a place to go. Are you really that ugly or just a lousy personality? I imagine both. BTW, I don’t have an Italian passport.
“Dave will fit in there. He is a bit Czech, a bit German”
You are just jealous that I have better pedigree than you racist pig. Hitler was jealous of others too in that way. I imagine you have Jewish blood in you and that is why you are such a racist pig. Racist pigs get extremely dysfunctional when they realize they have the blood of those they hate.
joe on Sun, 28th Jan 2018 7:38 am
Italy is a case in point of the horrible results of super currencies like the euro. Enormous imbalance manifesting themselves in tax haven countries like ROI and associated property bubbles which are death for what used to be the working classes of the west. The effort by those who believed in free fair markets and microentreprenurism to turn the losers of death of the manufacturing economy into mini-Trumps has utterly failed. The only failure which will be greater is the efforts to turn those who lost out in the services sector (those who have invested in worthless degrees) into the losers of a.I.driven automation. Western countries are zombie economies who live on voodoo economic models of rampant wealth absorption by the elites and the imbalances future inflation will drive, namley oil price spikes and scarcity driven by overpopulation. Then there were have not even mentioned Climate Change yet…..
Cloggie on Sun, 28th Jan 2018 7:57 am
“Italy is a case in point of the horrible results of super currencies like the euro.”
There we go again, identifying Italy with its national debt, ignoring the complete picture. And that picture is that Italy is financially the most stable country of the Western world and countries like the US and Greece the least:
Italian secret: paid-off real estate. Italians are crooks or libertarians or both. They prefer paying off their mortgage rather than paying taxes, hence the large state deficit.
In the old days of the Lira the Italian state retalliated by printing large numbers of Lira, punishing tax evading Italians with high inflation. That’s no longer possible with the euro around. But there is absolutely nothing to worry about the Italians.
So joe, how is Brexit going these days, now that May admitted “she is European and would vote against Brexit”.lol
You didnt even have the internet and computer education when you went to school! And your generations average IQ was much lower than today! Equal to a college degree? I think not!
Wake me when solar and wind are 25 percent! Right now they are one percent! – IEA
Mad Kat on Sun, 28th Jan 2018 10:29 am
“America is God”
“… genocide was America’s defining political tradition. Then I realized that the United States (like Canada to a much lesser extent) was based on destroying the lives and cultures of the 25 million or so first peoples who had lived in America for millennia. In the case of the U.S., the story continued with the forcible seizure of Texas in 1845 from Mexican farmers and indigenous peoples, and Nevada, New Mexico, Arizona, California and other state territories shortly afterward in 1849….In 1898, once again under the false pretext of self-defense (when the U.S.S. Maine sank from an internal explosion), the Philippines, Guam, Cuba in part, and Puerto Rico were seized from their peoples by another unilaterally provoked war.”
” War is a major violence entertainment, and in close partnership with the Pentagon it can go on for months to divert the masses….The tradition of misleading the American people by false pretexts for aggressive wars is an old one in U.S. history,… U.S. state justifications always project onto the designated Enemy what the U.S. security state is doing itself….he tactic works wonderfully with a lapdog press and political class who are excited into a kind of collective delirium by choral denunciations of the foreign demon who is the designated Enemy of the Day.”
“With oil as with all else, the greatest enemy to this empire is the civil commons of publicly owned resources which obstructs corporate market control. … The ultimate target of the U.S. war party has long been the greatest and most accessible high-quality oil reserves on the planet.”
“The God of America is primitive. It worships itself….. they cannot distinguish their beloved country from the criminal gang institutions of the National Security Council, the Pentagon and the CIA. As these rogue secret societies rule across the world by the force of armed terror, mass disinformation, secret narco-links and political bribery and coercion at every level, lovers of America are obliged to defend this criminal global domination as America. This absurd equation obliges them to be, in short, blind dupes. It then further misleads them into supposing that anyone who opposes a gangster state rule of the world is anti-American. One absurdity builds onto another…. Self-censorship is this regime’s centre of gravity, and holds the group-mind in its prison.”
Nuff said.
Mad Kat on Sun, 28th Jan 2018 10:30 am
MM, what you “think” is irrelevant was was is.
Mad Kat on Sun, 28th Jan 2018 10:38 am
Cloggie, you hit a Missouri nerve! I doubt anything he says is true, but if his wife has a place in Italy, she may decide to not take him.
From one dying country to another. Or is it the frying pan to the fire? Italian GDP ‘growth’ is less than the US and the US is only about 2.5% in 2017. Not to mention all of the ME immigrants flooding into the area. Not a place I would run to. lol
Mad Kat on Sun, 28th Jan 2018 10:40 am
“MM, what you “think” is irrelevant. What was, is.
This site needs a way to correct after the post.
Cloggie on Sun, 28th Jan 2018 10:51 am
From one dying country to another. Or is it the frying pan to the fire? Italian GDP ‘growth’ is less than the US and the US is only about 2.5% in 2017. Not to mention all of the ME immigrants flooding into the area. Not a place I would run to. lol
Italy is not “dying”, not in a long shot. It is one of the whitest countries in Europe: 93% Italian.
Even Rome is plain and simple white Italian. Spain and Eastern Europe same story.
These Protestant “shitholes” like Germany, Holland, France, Britain and Sweden are the worst. But even they are not “dead”. The (hard-right) reaction is coming. It has been peace for too long already. But first we need to solve the little American problem we have and change roles. Shouldn’t be a problem since “America the Colossus” gets its ass kicked by the likes of North-Vietnam, Afghanistan, Somalia, Iraq, Syria, Lebanon. Absolute paper tiger. Walk-over.
Ah well, European-Americans are better off with us than with Uncle Samuel. We can be arrogant at times, true, but at least we won’t require are younger trans-Atlantic brothers to phase themselves out from history.
Mad Kat on Sun, 28th Jan 2018 11:18 am
Sorry, Cloggie, but the EU is in no better position than the US financially. When one goes, so goes the other. Siamese twins joined at the banking system. The US is determined to take the EU down as it is a challenger to US domination of globalization. That is how I see it from here, outside both. Italy’s national debt is 137+% of GDP. Worse even than the US’.
rockman on Sat, 27th Jan 2018 3:21 pm
One possible explanation: oil prices began their big decline in Aug 2014. All major economies in growth mode now: LAG TIME.
joe on Sat, 27th Jan 2018 3:40 pm
Fake news. EU stats include services like legal prostitution and even black market activities. Its all bullshit. Trumps stock market bubble will bust when interest rates spike in 2-3 years from now…..
Cloggie on Sat, 27th Jan 2018 3:58 pm
Peak oil doomerism just collapsed itself into its own footprint with the speed of gravity.lol
Ghung on Sat, 27th Jan 2018 4:18 pm
Depends on how you calculate growth I guess. People with giant tumors are ‘growing’.
MASTERMIND on Sat, 27th Jan 2018 4:39 pm
The Great Recession 2006-2017 US Economic Growth GDP Per Capita (0.4%)
https://data.worldbank.org/indicator/NY.GDP.PCAP.KD.ZG?locations=US
OECD Economic Growth GDP Per Capita 1970-2015 (0.5%)
https://imgur.com/a/HXBkr#Bv4I4AF
Global Economic Growth GDP Per Capita (1.3%)
https://data.worldbank.org/indicator/NY.GDP.PCAP.KD.ZG
World Governments Gross Debt to GDP (330%)
https://imgur.com/a/3usX7
Global economic growth has peaked, says World Bank
https://www.ft.com/content/4b9e6190-f55e-11e7-88f7-5465a6ce1a00
Non Partisan CBO Office Forecast Less Than 2% US Economic Growth GDP Through 2027
https://www.cbo.gov/publication/52801\
*Note: 20% GDP Includes (FIRE) finance, insurance and real estate
MASTERMIND on Sat, 27th Jan 2018 4:42 pm
Clogg
Peak oil wasn’t debunked just delayed. Europhia is always just a temporary condition.
As M. King Hubbert (1962) shows, Peak Oil is about discovering less oil, and eventually producing less oil due to lack of discovery.
https://imgur.com/a/6dEDt
IEA Chief warns of world oil shortages by 2020 as discoveries fall to record lows
https://www.wsj.com/articles/iea-says-global-oil-discoveries-at-record-low-in-2016-1493244000
Saudi Aramco CEO sees oil shortage coming as investments, oil discoveries drop
https://www.reuters.com/article/us-aramco-oil/aramco-ceo-sees-oil-supply-shortage-as-investments-discoveries-drop-idUSKBN19V0KR
Peak Oil Vindicated by the IEA and Saudi Arabia
MASTERMIND on Sat, 27th Jan 2018 4:42 pm
Existing oil reserves are scheduled to begin a catastrophic crash within 1 to 3 years. When it hits the economic and social damage will be catastrophic. The end of Western Civilization, from China to Europe, to the US, will not occur when oil runs out. The economic and social chaos will occur when supplies are merely reduced sufficiently….
https://imgur.com/a/6dEDt
http://www.nature.com/nature/journal/v481/n7382/full/481433a.html
http://www.sciencedirect.com/science/article/pii/S0301421509001281
http://www.sciencedirect.com/science/article/pii/S030142151300342X
http://www.sciencedirect.com/science/article/pii/S0016236114010254
http://www.geo.cornell.edu/eas/energy/the_challenges/peak_oil.html
http://www.energybulletin.net/sites/default/files/Peak%20Oil_Study%20EN.pdf
http://www.scribd.com/document/367688629/HSBC-Peak-Oil-Report-2017
MASTERMIND on Sat, 27th Jan 2018 4:43 pm
Dear Reader,
Here are five peer reviewed scientific studies authored by top experts that prove beyond any reasonable doubt that global civilization will collapse within the next decade.
http://www.sciencedirect.com/science/article/pii/S0921800914000615
http://www.sciencedirect.com/science/article/pii/S0959652617304225?via%3Dihub
https://www.ncbi.nlm.nih.gov/pmc/articles/PMC3574335/
http://sustainable.unimelb.edu.au/sites/default/files/docs/MSSI-ResearchPaper-4_Turner_2014.pdf
http://www.feasta.org/wp-content/uploads/2012/06/Trade-Off1.pdf
Simple really….when the World Economy Collapses everything shuts down…the end… We’re talking about grids down all over the world and 7.5B people dropping like f*** flies in short order. The collapse will be absolutely horrible..There is no collapse or horror movie ever produced that has even come close to imagining what the collapse of BAU might look like. I’m talking about every corporation and every social program going bankrupt at once. I’m talking about people eating people. I’m talking about the Worst Catastrophe to ever happen in the history of mankind. Nothing has ever, or will ever come close….
MASTERMIND on Sat, 27th Jan 2018 4:45 pm
The End of the Oil Age is Imminent!
Recently, the HSBC oil report stated that 80% of conventional oil fields were declining at a rate of 5-7% per year. This means that there will be an oil shortage of ~30 million barrels per day by 2030 and ~40 million barrels per day by 2040.
http://www.scribd.com/document/367688629/HSBC-Peak-Oil-Report-2017
What is mentioned far less often is that annual oil discoveries have lagged annual production since the 1980s.
https://imgur.com/a/6dEDt
Now, this problem has nothing to do with the recent decline in the oil price, which started in 2014. This has been an on-going problem for the past 30 years. Now, the IEA is predicting oil shortages by ~2020 due to declining exploration.
https://www.wsj.com/articles/iea-says-global-oil-discoveries-at-record-low-in-2016-1493244000
Here, the IEA blames this problem on the low oil price. But, this problem started in the 1980s. The problem is geological: we are running out of conventional cheap oil. Shale and tar sands are not the answer, either. Those resources are far too expensive, compared to conventional oil, because the global economy is based on cheap conventional oil. Expensive oil is not a replacement for cheap oil.
Based upon the HSBC report and the IEA, the End of Oil Age will start around ~2020: there will be a dramatic economic depression due to exhaustion of cheap oil. This will cause a global economic collapse.
fmr-paultard on Sat, 27th Jan 2018 5:24 pm
((mm)) what chu talking about breeding supertards daughter and rich people’s daughters? you ain’t breeding noting. the only breeding u do is virtual breeding. it’s the age of virtual. virtual farm, virtual alliance – euro “confederation”. you’re an inconsistent mess. on one hand you are against president trump. trust me i was againsthim too. i used to call him a p*ssy grabber. but since he didn’t grab my bumpski and gave Jerusalem to Israel, I’m now all kosher. I’m a libtard but i like him a lot. he’s cool.
you want to grab the bumpski so you can easily breed their daughers? ain’t gonna happen. I’m a meretard and i used to think that way too. it didn’t do me anyone good because i’m still scoreless.
anyways, the cat out of the hat. you aint’ gonna take anything.
enjoy
https://www.youtube.com/watch?v=TI7zrWTCEH8
Mad Kat on Sat, 27th Jan 2018 5:36 pm
NY Times! What a piece of bullshit propaganda!
First lie: “The United States, the world’s largest economy, is into its ninth year of growth…” Fake numbers massaged to keep the suckers in the market and the serfs stupid. ‘Growth’ with incomes back to 1970s levels? ~45 million on food stamps? Millions homeless. Real unemployment at 10%+. (Shadowstats)
After a few more paragraphs, I stopped reading. The smell of bullshit was too strong. It was turning my stomach. Only the billionaires show growth. The rest? “Let them eat cake!” LMAO
Mad Kat on Sat, 27th Jan 2018 5:40 pm
joe, you got it right. The collapse is coming. The printing presses are going to blow everything up. Your 2-3 year time line sounds about right. Maybe sooner if the tweeter-in-chief keeps doing stupids stuff. Quite a show. Glad I am here and not there.
Mad Kat on Sat, 27th Jan 2018 6:12 pm
“The United States of America was conceived and nurtured by violence.
Americans not only engage in violence, they are entertained by it.
Killing takes place in America at an average of 87 times each day. Going to war in Afghanistan is less dangerous than living in Chicago.”
https://www.globalresearch.ca/violence-the-american-way-of-life/5318698
Even worse than in a 3rd world country … Slip slidin’…
Davy on Sat, 27th Jan 2018 6:20 pm
I sure hope there is growth after all the shit they have thrown at it. We have some pretty mean bubbles in a variety of places. The problem with bubbles is they take growth figures the other way too when they deflate. Anyone gloating over the economy these days is a fool. Let’s hope it lasts because it may get nasty.
onlooker on Sat, 27th Jan 2018 6:28 pm
The Elephant In The Room: Debt Grows Exponentially, While Economies Only Grow In An S-Curve
http://www.washingtonsblog.com/2010/10/the-elephant-in-the-room-debt-grows-exponentially-while-economies-only-grow-in-an-s-curve.html
And sickly growth based on DEBT
https://www.cnbc.com/2016/10/06/global-debt-balloons-to-all-time-high-of-152-trillion-imf-warns.html
Mad Kat on Sat, 27th Jan 2018 6:43 pm
Onlooker, debt is the chain around most people’s necks today. At least in the West. I enjoy the show day to day, waiting for the inevitable crash and burn. There are no financial stats that can be relied upon. All we can do is prep and wait.
Davy on Sat, 27th Jan 2018 6:46 pm
“Onlooker, debt is the chain around most people’s necks today.”
Smart and successful people can use debt to realize more success. Don’t cloud the forest for the tree thing billyT.
MythBuster on Sat, 27th Jan 2018 9:07 pm
These days, global economic growth is directly equal to the amount of new “money” created by the central banks. No more QE or bond buying by EU/Japan, and most importantly no more debt creation by China = no more economic “growth”. The second that central banks stop pumping free money into the system, it will go belly up.
Mad Kat on Sat, 27th Jan 2018 9:44 pm
MythBuster, you have a clear picture of the situation. It is ALL built on debt and many millionaires/billionaires are going to be selling pencils on the street after. IF they are allowed to live by the serfs.
Mad Kat on Sat, 27th Jan 2018 10:08 pm
Chinais moving ahead whule the US is slipping behind.
“Introducing The “Polar Silk Road” – China’s Latest Arctic Power Grab”
https://www.zerohedge.com/news/2018-01-26/introducing-polar-silk-road-chinas-latest-arctic-power-grab
This is not news to me. I read about it months ago. The Russians and Chinese are opening up a shortcut to the European market. The US is opening s can of beans in some desert.
Mad Kat on Sat, 27th Jan 2018 10:18 pm
A view of America from an outsider:
“A flu epidemic”
http://www.philstar.com/business/2018/01/17/1778410/flu-epidemic
BTW: The flu season here is July to December.
MASTERMIND on Sun, 28th Jan 2018 12:04 am
All you Black folks, you must go
All you Mexicans, you must go
And all you poor folks, you must go
Muslims and gays, boy, we hate your ways
So all you bad folks, you must go
https://www.youtube.com/watch?v=eAoqWu6wmfI
GregT on Sun, 28th Jan 2018 12:20 am
“Smart and successful people can use debt to realize more success.”
Without s doubt, one of the most stupidest things that you’ve said yet, delusionalist.
Mad Kat on Sun, 28th Jan 2018 12:46 am
Greg, is it me or do our Tweedledee and Tweedledum seem even more delusional than ever, if that is possible? I Keep getting the sense that they are losing their ability to even post rational thoughts. They seem to be cutting and pasting old put-down shit more and more, and relying on put-downs instead of references. Both are arrogant to the max and would get their face punched in in any bar scene. Just askin’.
GregT on Sun, 28th Jan 2018 1:22 am
‘They” have been attacking you, “their” fellow American citizen, on an almost daily basis for over four years now Mad Kat.
There is nothing what-so-ever normal, or even sane about that. The guy is a complete nut case.
Mad Kat on Sun, 28th Jan 2018 1:39 am
Greg, He/”they” think his/their antics actually cause me to be annoyed. I find the attacks to be entertaining and juvenile. As I mentioned several times before, I was harassed by professionals at Officer’s Candidate School about 50 years ago. The Tack Officers had control over my getting my commission and it was their job to “wash out” as many as possible. 265 went in. 95 got a commission. I spent the next nine years as a commissioned officer in the PA National Guard. He/”they” is/are amateurs.
I am enjoying watching them self-destruct. Whereas, he/”they” is/are just getting more and more frustrated. He/”they” cannot win as he/”they” are zeros in my book. Not as important as the cockroaches I see on the street. And there is nothing he/”they” can do about it.
MASTERMIND on Sun, 28th Jan 2018 1:57 am
Madkat
Your grand kids are be eaten when the food runs out! Chomp chomp chomp! LOL
MASTERMIND on Sun, 28th Jan 2018 1:59 am
Madkat
I am not joking it happens every famine! Many people were jailed during the Russian famine of the early 20th century for snatching children up and eating them!
Mad Kat on Sun, 28th Jan 2018 2:24 am
Give it up, Mm. Your immature view of reality is funny, not scary. You have no idea of what is really coming. Just your zombie fantasies.
Davy on Sun, 28th Jan 2018 2:28 am
“Smart and successful people can use debt to realize more success.” “Without s doubt, one of the most stupidest things that you’ve said yet, delusionalist.”
Or you can play the Vancouver housing casino and pocket $1MIL off the poor Chinese that got fleeced by a money laundering scheme between China and Canada. That was not very smart but grehggieT think he is smart because of it. I say dumb luck for a dumbass.
Davy on Sun, 28th Jan 2018 2:33 am
“I Keep getting the sense that they are losing their ability to even post rational thoughts.”
“Both are arrogant to the max and would get their face punched in in any bar scene.”
Telling on yourself billyT? We know grehggieT is an arrogant stalker and pricker so mixing in the two of you unfortunately is toxic for the respectability of this forum.
Davy on Sun, 28th Jan 2018 2:35 am
“As I mentioned several times before, I was harassed by professionals at Officer’s Candidate School”
Another thing you failed at, billyT. College drop out, divorce, bugged out on family, and stabbing your country in the back. You are a pretty worthless creature.
Mad Kat on Sun, 28th Jan 2018 5:36 am
Growing? Or inflation?
http://www.visualcapitalist.com/decade-grocery-prices/
Yep! zero inflation in the US. LOL
Davy on Sun, 28th Jan 2018 5:45 am
“Growing? Or inflation?”
Sounds typically off the mark from billyT. Growing is a much bigger topic than inflation billyT. Try again with your highschool economic analysis. Do you realize the inflation is many times an indication of growth? Nope, because you dropped out of school so we would expect you not to know that.
Mad Kat on Sun, 28th Jan 2018 5:55 am
Hmmm. Davy, what does my past education have to do with my years of real education? Unless you are going to be an engineer or doctor, it is worthless. Americans are brainwashed to believe it is necessary to be successful or to know how the world works. Bullshit! All it does now is make debt slaves out of millions of gullible youth and destroy lives.
A self-made millionaire friend of mine never went to college. He worked and used his brain to build a business that allowed him to own a $12 million home in Paradise Valley, Arizona and to go on several month long African safaris later in life. Many of his trophies are now in the Salt Lake City Museum. Most colleges will close after the SHTF. Lack of monoey/students/grants. I hope the professors can sell pencils on the street or they will starve.
You small mind cannot accept that there are others smarter than you and in a better position without a supposed 1%er support system. I didn’t “fail” at anything, and it is none of your business what agreement I had with my Ex. Happens to about 50% of Americans these days.
My country stabbed me in the back by turning into a murdering, plundering, immoral, insane empire that kills women and children without thought. You support it so you are no better. I did not have to remain in captivity so I left along with thousands of other Americans who leave every year. If it goes down tomorrow, I will not be surprised or sad. Payback for the murders and plundering is a bitch and it is going to be a big, very nasty one I am sure. Soon, I hope!
Davy on Sun, 28th Jan 2018 6:12 am
“Hmmm. Davy, what does my past education have to do with my years of real education? Unless you are going to be an engineer or doctor, it is worthless”
billyT, you have to have an education to get an education otherwise a person turns out like you. You are a know it all that knows very little. Your world is a binary world of good or bad based upon your agenda. Real honest science is not agenda based. You are clearly agenda based. There is no balance or objectivity in your conversations.
“A self-made millionaire friend of mine never went to college.”
I thought you hated self-made millionaires now you say you have friends that are millionaires. What is it BillyT? Did you forget that important part of your hate agenda you are peddling?
“I didn’t “fail” at anything, and it is none of your business what agreement I had with my Ex. Happens to about 50% of Americans these days.”
Your life is a failure billyT and you tell on yourself daily with inconsistencies and double standards. FRAUD
“My country stabbed me in the back by turning into a murdering, plundering, immoral, insane empire that kills women and children without thought.”
You stabbed your country in the back for personal reasons. Your life was a failure in the US. Multiple failures have driven you to personality dysfunctions of hate and revenge. People like you don’t accept personal responsibility. You are always pointing your scrawny pale fingers at someone who fault it is but never do you look in the mirror. Your life is one big failure with a cover up with how wonderful you are and the choices you made. You make me sick billyT.
Mad Kat on Sun, 28th Jan 2018 6:30 am
Davy, my high school education was equal to today’s four year college education. Maybe even more so and it was free. I went to school when they actually had qualified teachers, not today’s teach to the test babysitters. You would have no idea as you were born after the US went into the shitter in the 1960s.
Your name calling is only an indication of your frustration at your hopeless situation. You cannot stay and you cannot leave. Must be frustrating. And what of your previous remarkj that you have a place in Italy? Going to “stab your country in the back” when the SHTF?
Most Americans today would love to have had the life I enjoyed. We always had enough and more. I raised a healthy, happy, independent family. You would not have any idea what that is as you are tied to yours by $$$.
You project your life into mine hoping to make yourself feel good, but it doesn’t work. All you are saying about me is pure bullshit, or is it goat shit? Doesn’t matter booth smell.
Get a shrink. You need one as you are trying to be one and it is not working. It is only making you look foolish.
I am here. You cannot change that fact or my satisfaction with my situation. You can try to put it down but you have nothing firm to work with, just wrong guesses. You are just making a bigger fool of yourself.
Cloggie on Sun, 28th Jan 2018 6:36 am
And what of your previous remarkj that you have a place in Italy? Going to “stab your country in the back” when the SHTF?
When Davy and I were more on speaking terms than today, he confided that he was glad that he had a refuge in Italy and an Italian passport.
Davy will never fight. He will hide under the skirts of his misses high in the Alps of 100% white rural Italy in case of the shtf. Poor Davy. Italians have a pretty strong feeling of national pride and they should. Wonder how poor globalist Dave will fit in there. He is a bit Czech, a bit German, a bit American. All very confusing.
Davy on Sun, 28th Jan 2018 6:52 am
“Davy, my high school education was equal to today’s four year college education.”
LMFAO is all I can respond with.
“Your name calling is only an indication of your frustration at your hopeless situation. “
What is your name calling then? HYPOCRITE
“what of your previous remarkj that you have a place in Italy? Going to “stab your country in the back” when the SHTF?”
Explain stupid? My wife has a home in Italy I can go to so what. I can go if I want, big deal. I guess you are jealous of that too.
Most Americans today would love to have had the life I enjoyed.
LMFAO yet again. You are a friggen hoot this morning billyT.
“We always had enough and more. I raised a healthy, happy, independent family. You would not have any idea what that is as you are tied to yours by $$$.”
Then why did you desert your family and run off into hiding?
“You project your life into mine hoping to make yourself feel good, but it doesn’t work. All you are saying about me is pure bullshit, or is it goat shit? Doesn’t matter booth smell.”
Translation: You pegged me davy!!!!!
“I am here. You cannot change that fact or my satisfaction with my situation. You can try to put it down but you have nothing firm to work with, just wrong guesses. You are just making a bigger fool of yourself.”
billyT, there would be no putting you down if you would not be the one disrespecting Americans like me on a routine daily basis. Expect the pain of being moderated daily dumbass or get a life. Why not be a real man and go live at the jungle old folk’s home with the pet cobra and monkey troop. There are consequences for poor behavior. You talk about how educated you are show it.
Davy on Sun, 28th Jan 2018 6:58 am
“When Davy and I were more on speaking terms than today, he confided that he was glad that he had a refuge in Italy and an Italian passport.”
Sure clog, I have a place to go. Nice to have and I am grateful. I don’t plan on going unless I need to. You unfortunately have nowhere to go. Maybe if you were not such a “bad catch” you might have a wife and have a place to go. Are you really that ugly or just a lousy personality? I imagine both. BTW, I don’t have an Italian passport.
“Dave will fit in there. He is a bit Czech, a bit German”
You are just jealous that I have better pedigree than you racist pig. Hitler was jealous of others too in that way. I imagine you have Jewish blood in you and that is why you are such a racist pig. Racist pigs get extremely dysfunctional when they realize they have the blood of those they hate.
joe on Sun, 28th Jan 2018 7:38 am
Italy is a case in point of the horrible results of super currencies like the euro. Enormous imbalance manifesting themselves in tax haven countries like ROI and associated property bubbles which are death for what used to be the working classes of the west. The effort by those who believed in free fair markets and microentreprenurism to turn the losers of death of the manufacturing economy into mini-Trumps has utterly failed. The only failure which will be greater is the efforts to turn those who lost out in the services sector (those who have invested in worthless degrees) into the losers of a.I.driven automation. Western countries are zombie economies who live on voodoo economic models of rampant wealth absorption by the elites and the imbalances future inflation will drive, namley oil price spikes and scarcity driven by overpopulation. Then there were have not even mentioned Climate Change yet…..
Cloggie on Sun, 28th Jan 2018 7:57 am
“Italy is a case in point of the horrible results of super currencies like the euro.”
There we go again, identifying Italy with its national debt, ignoring the complete picture. And that picture is that Italy is financially the most stable country of the Western world and countries like the US and Greece the least:
https://deepresource.wordpress.com/2012/12/11/the-real-state-of-western-finances/
Italian secret: paid-off real estate. Italians are crooks or libertarians or both. They prefer paying off their mortgage rather than paying taxes, hence the large state deficit.
In the old days of the Lira the Italian state retalliated by printing large numbers of Lira, punishing tax evading Italians with high inflation. That’s no longer possible with the euro around. But there is absolutely nothing to worry about the Italians.
So joe, how is Brexit going these days, now that May admitted “she is European and would vote against Brexit”.lol
MASTERMIND on Sun, 28th Jan 2018 9:59 am
Madkat
You didnt even have the internet and computer education when you went to school! And your generations average IQ was much lower than today! Equal to a college degree? I think not!
MASTERMIND on Sun, 28th Jan 2018 10:00 am
Hey Clogg
Wake me when solar and wind are 25 percent! Right now they are one percent! – IEA
Mad Kat on Sun, 28th Jan 2018 10:29 am
“America is God”
“… genocide was America’s defining political tradition. Then I realized that the United States (like Canada to a much lesser extent) was based on destroying the lives and cultures of the 25 million or so first peoples who had lived in America for millennia. In the case of the U.S., the story continued with the forcible seizure of Texas in 1845 from Mexican farmers and indigenous peoples, and Nevada, New Mexico, Arizona, California and other state territories shortly afterward in 1849….In 1898, once again under the false pretext of self-defense (when the U.S.S. Maine sank from an internal explosion), the Philippines, Guam, Cuba in part, and Puerto Rico were seized from their peoples by another unilaterally provoked war.”
” War is a major violence entertainment, and in close partnership with the Pentagon it can go on for months to divert the masses….The tradition of misleading the American people by false pretexts for aggressive wars is an old one in U.S. history,… U.S. state justifications always project onto the designated Enemy what the U.S. security state is doing itself….he tactic works wonderfully with a lapdog press and political class who are excited into a kind of collective delirium by choral denunciations of the foreign demon who is the designated Enemy of the Day.”
https://www.globalresearch.ca/the-new-fundamentalism-america-is-god-understanding-the-u-s-war-state/5377047
“With oil as with all else, the greatest enemy to this empire is the civil commons of publicly owned resources which obstructs corporate market control. … The ultimate target of the U.S. war party has long been the greatest and most accessible high-quality oil reserves on the planet.”
“The God of America is primitive. It worships itself….. they cannot distinguish their beloved country from the criminal gang institutions of the National Security Council, the Pentagon and the CIA. As these rogue secret societies rule across the world by the force of armed terror, mass disinformation, secret narco-links and political bribery and coercion at every level, lovers of America are obliged to defend this criminal global domination as America. This absurd equation obliges them to be, in short, blind dupes. It then further misleads them into supposing that anyone who opposes a gangster state rule of the world is anti-American. One absurdity builds onto another…. Self-censorship is this regime’s centre of gravity, and holds the group-mind in its prison.”
Nuff said.
Mad Kat on Sun, 28th Jan 2018 10:30 am
MM, what you “think” is irrelevant was was is.
Mad Kat on Sun, 28th Jan 2018 10:38 am
Cloggie, you hit a Missouri nerve! I doubt anything he says is true, but if his wife has a place in Italy, she may decide to not take him.
From one dying country to another. Or is it the frying pan to the fire? Italian GDP ‘growth’ is less than the US and the US is only about 2.5% in 2017. Not to mention all of the ME immigrants flooding into the area. Not a place I would run to. lol
Mad Kat on Sun, 28th Jan 2018 10:40 am
“MM, what you “think” is irrelevant. What was, is.
This site needs a way to correct after the post.
Cloggie on Sun, 28th Jan 2018 10:51 am
From one dying country to another. Or is it the frying pan to the fire? Italian GDP ‘growth’ is less than the US and the US is only about 2.5% in 2017. Not to mention all of the ME immigrants flooding into the area. Not a place I would run to. lol
Italy is not “dying”, not in a long shot. It is one of the whitest countries in Europe: 93% Italian.
https://en.wikipedia.org/wiki/Demographics_of_Italy
Even Rome is plain and simple white Italian. Spain and Eastern Europe same story.
These Protestant “shitholes” like Germany, Holland, France, Britain and Sweden are the worst. But even they are not “dead”. The (hard-right) reaction is coming. It has been peace for too long already. But first we need to solve the little American problem we have and change roles. Shouldn’t be a problem since “America the Colossus” gets its ass kicked by the likes of North-Vietnam, Afghanistan, Somalia, Iraq, Syria, Lebanon. Absolute paper tiger. Walk-over.
https://www.washingtonpost.com/archive/opinions/1985/05/05/their-wehrmacht-was-better-than-our-army/0b2cfe73-68f4-4bc3-a62d-7626f6382dbd/?utm_term=.d45ce2946091
And now they are cornered by Russia and China, to the tune that the EU can begin to think of take over the role of the US.
https://www.rt.com/news/387313-us-losing-leadership-eu-mogherini/
Ah well, European-Americans are better off with us than with Uncle Samuel. We can be arrogant at times, true, but at least we won’t require are younger trans-Atlantic brothers to phase themselves out from history.
Mad Kat on Sun, 28th Jan 2018 11:18 am
Sorry, Cloggie, but the EU is in no better position than the US financially. When one goes, so goes the other. Siamese twins joined at the banking system. The US is determined to take the EU down as it is a challenger to US domination of globalization. That is how I see it from here, outside both. Italy’s national debt is 137+% of GDP. Worse even than the US’.
https://www.nationaldebtclocks.org/debtclock/italy
Frying pan into the fire…