An economics, investment, trading and policy blog with a focus on Modern Monetary Theory (MMT). We seek the truth, avoid the mainstream and are virulently anti-neoliberalism.
The difference is that when the China have prescriptions there is something behind them rather than just slogans. The West only sees the slogans, because that is how western politics works. China is quite different in that regard. "Prescriptions" means just that. This is what we are going to do so get with it if you are Chinese. If not, you can either get with it or stand by and watch. But don't try to monkey with it either, or we won't forget it.
Now that even Canada has joined the AIIB, do you think it enables the US to accept the invitation to join?
Maybe if Trump wins he might join, he seems more balanced and less aggressive, less angry and less prone to seeing conspiracies than Hillary and her hegemonic vision for foreign policy.
It may not matter as apparently we are all doomed?
The UN Conference on Trade and Development rang the alarm on the possibility of a global debt default contagion due to international economies' over-reliance on deficit spending, low interest rates to stimulate economies.
I spent part of the weekend watching Stephanie Kelton and Scott Fullwiler several times at a conference at The Levy Institute in April 2016. Good, btw. Stephanie explained what she saw about fiscal policy in DC as senior Senate poobah for the budget committee. Fullwiler explained monetary policy (at the Fed). https://www.youtube.com/watch?v=PadIPCEsbGA&spfreload=10
She said that something to the effect that out of three candidates for Prime Minister, Canada elected the only candidate that did not promise to balance the budget and reduce the deficit.
Semi true. He didn't promise a balanced budget right away, which was cover for stimulus spending. Child tax credit, healthcare spending and immigration where the top spending. The latter more so because of all the refugees we are taking in. A lot of people are pissed about it because the refugees are getting special treatment, which is fair to a point because of where they come from but its still a ugly situation, which is causing hate crimes to go up. There is still a lot of the gold bug mentality, more so among the baby boomers, because they're the only demographic with money to burn and they don't usually vote for stimulus. However that's changing too, mostly due to all the companies moving out of country or strong arming unions into making concessions. Also the same government is gung ho about the TIPP and CETA, so I don't trust them at all. Would have been nice if money was spent on making education free, but older folks don't seem to care as long as they can buy cheap shit. I'm not crazy about us bending over for the Chinese either, but we get fucked over by NAFTA on a consistent basis, so I guess its par for the course when you let idiots run a country.
First post btw, love the site, keep up the good work.
13 comments:
That is generic enough to be Angela Merkel's four prescriptions.
The difference is that when the China have prescriptions there is something behind them rather than just slogans. The West only sees the slogans, because that is how western politics works. China is quite different in that regard. "Prescriptions" means just that. This is what we are going to do so get with it if you are Chinese. If not, you can either get with it or stand by and watch. But don't try to monkey with it either, or we won't forget it.
Did you intend to link to an article at People's Daily?
Oops. Link added. Thanks.
Here it is
http://en.people.cn/NMediaFile/2016/0904/FOREIGN201609041422000276153053567.jpg
http://en.people.cn/n3/2016/0904/c98649-9110376.html
Now that even Canada has joined the AIIB, do you think it enables the US to accept the invitation to join?
Maybe if Trump wins he might join, he seems more balanced and less aggressive, less angry and less prone to seeing conspiracies than Hillary and her hegemonic vision for foreign policy.
It may not matter as apparently we are all doomed?
The UN Conference on Trade and Development rang the alarm on the possibility of a global debt default contagion due to international economies' over-reliance on deficit spending, low interest rates to stimulate economies.
https://sputniknews.com/world/20160926/1045691714/global-recession-sovereign-debt-crisis.html
@Ryan,
Now that even Canada has joined the AIIB,
I spent part of the weekend watching Stephanie Kelton and Scott Fullwiler several times at a conference at The Levy Institute in April 2016. Good, btw. Stephanie explained what she saw about fiscal policy in DC as senior Senate poobah for the budget committee. Fullwiler explained monetary policy (at the Fed).
https://www.youtube.com/watch?v=PadIPCEsbGA&spfreload=10
She said that something to the effect that out of three candidates for Prime Minister, Canada elected the only candidate that did not promise to balance the budget and reduce the deficit.
Any Canadians here? Is this true?
Semi true. He didn't promise a balanced budget right away, which was cover for stimulus spending. Child tax credit, healthcare spending and immigration where the top spending. The latter more so because of all the refugees we are taking in. A lot of people are pissed about it because the refugees are getting special treatment, which is fair to a point because of where they come from but its still a ugly situation, which is causing hate crimes to go up. There is still a lot of the gold bug mentality, more so among the baby boomers, because they're the only demographic with money to burn and they don't usually vote for stimulus. However that's changing too, mostly due to all the companies moving out of country or strong arming unions into making concessions. Also the same government is gung ho about the TIPP and CETA, so I don't trust them at all. Would have been nice if money was spent on making education free, but older folks don't seem to care as long as they can buy cheap shit. I'm not crazy about us bending over for the Chinese either, but we get fucked over by NAFTA on a consistent basis, so I guess its par for the course when you let idiots run a country.
First post btw, love the site, keep up the good work.
Now that even Canada has joined the AIIB, do you think it enables the US to accept the invitation to join?
Nixon and Kissinger had to go to China and now kowtow Mao. It's the "central kingdom."
Since WWII everyone has had to kowtow to the US. That's now changing.
It's a matter of time and lots of countries realize this and want to get in the ground floor to get in the good graces of the new center.
Justin Trudeau is not in paradigm. Temporary Keynesian at best.
That's a long Kelton video, I'll have to watch after I get done today
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