Canada is run from Alberta. Who pays for armed forces and military adventurism!
Scratches to Sketches
Friday 5 July 2013
Alberta finance - Bitumen bubble bursts as price almost double the lows of January
Price recovery helps Alberta finances?
The American Revolution was a flop - The Washington Post
These Canadians are arrogant sobs! Problem with Canada today is that it has become a copy cat nation trying to emulate American militarism, wasteful investment, and disregard for sources of pollution along with a misguided arrogance that somehow everything is ok with Canada! It simply isn't?
Charles Krauthammer: Obama’s global-warming folly - The Washington Post
For a very low quality discussion read:
Jackson Diehl: Egypt’s misguided coup - The Washington Post
Democracies are created very very slowly out of necessity. They can't be manufactured out of formulas, otherwise South America would have working democracies, which obviously is just not the case!
Failure of Economic and Financial Management in Industrial Nations does not bode well for World Economy
Get a sinking feeling whenever you read the journals and papers on the Internet that consider the economies of so called advanced nations.
After the leadership of the IMF has dished out decades and decades of structural reforms on the so called developing world, its biggest problem is the huge relative decline of the economic relevance high technology countries. This is largely due to the huge amount of wasteful investment in non productive real estate, polluting energy, and military enterprise.
The extreme mismanagement of the leading economies by military, energy and banking advisers to George Bush, Tony Blair and Stephen Harper of enormous stockpiles of weaponry, along with Gordon Brown's crazy ideas about using real estate as a lever for growth has left us with a bitter after taste and profoundly weak economies wasted by misspent savings.
So what is left are former leading economies sitting on piles and piles of useless property, military and polluting energy investments they can't finance at normal interest rates. And, yes the speculation in property continues with present leaders plotting their exit to retirement with the proceeds of greatly overvalued useless property investments across Europe and North America.
Instead of biting the bullet, the present advanced economy leadership navigates its future with spent war, over invested real estate stockpile and associated debt, polluting economies amid an industrial decimation the likes of which have not been seen for centuries, if ever at all. Enormous immigration of huge low paid work forces from former soviet or Russian dominated countries and peripheral European states, the Arab, and overpopulated nations such as Mexico, China, India, and Pakistan, are seen as a last ditch effort to save a failed strategy of military, real estate and pollution overspending.
Immigration from poor economies keeps property prices in OECD nations high satisfying the needs for retirement of vast numbers of war boom babies in industrial nations. While those property speculators live on vastly overvalued estates, the poor immigrants form an exploited second economy based on low wages, little incentive to save and a surge of black markets, drug dealing, speculative buying and tax avoidance in what had been 'respectable' economies.
To say the problem is demographics misstates the issues. The problem is the lack of will in the political leadership of the OECD industrial world to manage and finance their economies the way they tell poorer nations to.
The outlook is for a major correction or continued decline and virtual disappearance of OECD nations as they become a spent spent force in the years ahead.
So I ask the Bank of England to stem the decline by forcing interest rates up and up. Make the war mongers of America and around the world pay dearly for their weaponry because if you don't the outcome will be a slide into instability and chaos with street wars based on cheap money. Don't let Canada waste its clean energy revenues on military and pollution spending.
So I ask the Bank of England to stem the decline by forcing interest rates up and up. Make the war mongers of America and around the world pay dearly for their weaponry because if you don't the outcome will be a slide into instability and chaos with street wars based on cheap money. Don't let Canada waste its clean energy revenues on military and pollution spending.
Make savings meaningful again! Allow capitalism to allocate resources efficiently and say no to the war based militarized securitized economies of Stephen Harper, Barak Obama and David Cameron. Bring peace by stimulating real growth in non-military enterprise. Do not use real estate as a sop for bad management!
We are sick of Arab nations being the scape goat for inadequate policy and leadership. The present trend towards decline is extremely dangerous. Raise real costs so that ordinary people will begin to think and allocate resources more effectively.
Very great risk of yet another UK Property Bubble and an open letter to the BofE new governor
Open letter to the new governor!
Yes, we know you are inheriting a disaster economy to get onto a solid footing.
Don't drive the British economy into inefficiency by keeping interest rates low. That just leads to stupid investments!
Raise interest rates and stop the problem of artificial demand and another burst of bad loans! Steady earned growth is best.
The problem is that there is no middle interest rate between consumer loans of 20 percent plus and home loans of just around 5 percent. Savers don't see an incentive. Home sales don't really lead to generally higher real incomes. They follow, not lead!
Solid economies have 10-15 percent middle interest rate ground with consumer loans approaching home loans, and everyone encourage to allocate resources efficiently.
Britain does not have that.
Money supply growth does produce real growth. Employment in tested markets does. Low interest rtes mean waste waste waste and the Japanese economy problems. Artificially stimulating growth through pushing money at people is a recipe for disaster.
Yes! What happens is lenders rather than buyers drive the market. As long as the lenders cannot earn a decent rate of interest, they push stupid loans and buyers are forced to accept ridiculous loans and terms. Rather than keeping house prices down, the surge up is due to too much money chasing to little interest.
Push interest rates up. The house market solution to growth is well overspent. Let the house market grow against higher interest rates that will strengthen the economy rather than weaken it!
That is the only only solution and only way to avoid a crash later on.
There is no solid demand just too many lenders pushing more money towards buyers than they should!
It's not that buyers should not have money, but there is absolutely no discipline in the market at present and the spectre of lenders greed for long term interest runs rampant! Give it to them by raising rates, please, please!
Sensible balance sheet management rules!
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Sketches from scratches is a provocative blogspot that has grown out of the Wuh Lax experience. It is eclectic, which means that it might consider just about anything from the simple to the extremely difficult. A scratch can be something that is troubling me or a short line on paper. From a scratch comes a verbal sketch or image sketch of the issue or subject. Other sites have other stuff that should really be of interest to the broad reader. I try to develop themes, but variety often comes before depth.
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