This is just prance designed (rather poorly mind you) to hide from the fact you cannot respond to my little request. No bother, didn't think you could!
Actually , in the real world it is known as stating a simple fact , to which you have no sensible riposte , and hardly surprising as you have volunteered the information that you are only a Consultant for Future Guessing . Or , bluntly , Mystic Meg with a few buzz words and labels . There's not one Guesser on the planet who has given even the vaguest inkling that they have answers for even present periphery problems , yet you prattle away as though you know something about nothing . It's a bit like Monty Python on line .
SME consultantcy is a valuable business. Just ask the bank manager! You have no excuse for making claims without economic support (economics, rather than the mundane 'study of scarcity', is more correctly the study of uncertainty). It comes across like a Daily Sport journalist, on a particularly bad day, trying to cover the Budget
Mere personal support that economics is the study of uncertainty. And again, mere illustration that you cannot refer to any economics in support
For some reason my post was blocked even though I blocked it all out myself. I don't need an economic formula to show you that 15 trillion now, and a trillion this year, isn't payable. How about you show me a formula that somehow shows it is payable? It's not, save your trouble. All the rest of your jargon is BS. And of course the classic response of it's not enough.
You need to refer to economics to understand economic outcome. Bit obvious really, but unfortunately folk ignore all that and make ridiculous 'its just the same as my wallet and shopping for a new tambourine' preaching effort
There isn't one . Never was and never will be . The moment he is baffled , he goes into denial waffle mode .
you are not the great white hope. your poor economic policies contributed to the last GFC ... if anyone rescues the world from poor economic management it will be the emerging economies ..... china, india, brazil ....
China already rescued everyone else from the 08 crash, it won't happen again. They are in major trouble, they just don't report it. Brazil and India need the worlds help just as much as everyone else. God, I (*)(*)(*)(*)ing love this global fiat economy.
No one is capable of coming to the rescue. We have entered a new era of human history. Forget what you have learned. It's irrelevant.
Our policies cause Greece, and the other European countries on the brink? Not Austrailia? China and India improved after they shed much of their socialism.
The Fed flooded the banks with over $1T, then neutralized that by paying interest on reserves, so the money isn't used to lend over $30T into existance (hyper inflation). What happens next? The economy is heating up, unless interest rates rise, we will enter another bubble. If rates rise, the banks lends on those reserves, we enter another bubble.
2007 - 2008 - what was happening in the US influenced the global economy. not australia. state corporatism in china is one of the reasons why it is so strong.
The situation is not that bad. All post-ww2 economies were built at the expense of those regions that lost that war. Now that this opportunity is exhausted, the socio-economic structuring of the winners is automatically re-aligning and a new war is getting prepared. This is more than a re-match for all the losers of ww2. Exciting to watch. The world economy will become profitable for a new middle class, after the current middle class disappears in the upcoming new war.
You have ABSOLUTELY no clue how assets are redefined and redistributed when their owners are eliminated using some war and replaced (even if with the same name). You have a lot to learn, start with some middle-school/high-school economy text books, or if you are too old to understand those, you can begin with reading The Economist.
Please explain how the problems in Greece are a result of the US economy. Then China should have been much stronger 50 years ago.
Economic growth takes place when the resources per person increase. WWII required a lot of rebuilding. The benefit wasn't the rebuilding, it was the increased productivity of the new factories, maintained by development of new technologies. Was there a similar boom in New Orleans after Katrina?