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Overunity Machines Forum



I see an economic diasater coming...

Started by the_big_m_in_ok, September 03, 2009, 01:05:30 AM

Previous topic - Next topic

0 Members and 3 Guests are viewing this topic.

Do you think the American economy will ever improve?

Yes, definitely
Possibly, in the long run
No, it will worsen
Undecided

lancaIV

http://www.youtube.com/watch?v=Qz8nxXHRSBs&list=RD02pp_wFaPwnRY

                               being boiled
Textinterpretation[Bearbeiten]Bei dem Songtext handelt es sich um ein komplexes Meisterwerk, das auf knappstem Raum (21 Zeilen) virtuos mit verschiedenen Bedeutungsebenen spielt. Die erste Ebene ist dadaistischerNonsense (calling to the mothers of orphants), die wohl die Bedeutungslosigkeit der meisten Pop-Songs karikieren soll. Die zweite Ebene ist die einer Kulturkritik der Moderne, die Tiere als Rohstoffe für die Produktion von Luxusgütern verwendet (thoughtless slaying). Der Titel spielt auf die Produktionsmethoden des Luxusgutes Seide an, bei dem die Larven von Seidenraupen (=Sericulture) bei lebendigem Leib in ihrem Kokon gekocht werden (=Being Boild). Die dritte Ebene kombiniert dies mit der buddhistischen Idee, dass alle Lebewesen Re-Inkarnationsstufen früheren Lebens sind. Somit bedeutet die gedankenlosen Tötung der Raupen, die Tötung der eigenen Nachkommen (little people like your offspring boiled alive) und damit die Tötung seiner selbst (daher auch der Titel, der wörtlich, in der passiven Erleidensform, "gekocht werdend" bedeutet). In diesen Bedeutungszusammenhang gestellt, ist die Sentenz der Anrufung der Mütter von Waisenkindern kein Nonsense, sondern der Verweis auf die religiöse Idee eines nachtodlichen Lebens. Die letzte Bedeutungsebene ist die einer scheinbar radikalen Religionskritik: Die Seidenproduktion diente nämlich ursprünglich dem ornamentalen Charakter religiöser Praktiken und somit war Religion der direkte Auslöser dieser ausbeuterischen Kulturpraxis (boiled alive for some gods stocking). In den letzten Strophen billigt Buddha auch ausdrücklich die brutalen Methoden (he'll say carry on your slaughter), was auf die Leibnitz'sche Theodizeeidee verweist (obwohl Gott allmächtig ist, lässt er tatenlos Leid auf der Erde zu: Buddha's watching, Buddha's waiting). Allerdings lässt die ironische Brechungen in Verbindung mit der starken Kodierung die Frage offen, welche Botschaften der Autor tatsächlich ernst meint. Auch hier entsprechen die Verse einer typisch postmodernen Textgattung.

NEW ORDER : Confusion or relegation ?


By my best avantgard
                                  OCWdL

the_big_m_in_ok

@IancaIV
       I'm an ethnic German American, but I don't read or speak German, like almost all Americans.   If you include some English descriptions in your posts so we all can keep up with your subject matter fairly well, then writing some German for your European correspondents should be allowable.

(snipped entire German text;  I'll continue comments on the English text)

                                             
Quote
                                             Levite reading
                             http://de.wikipedia.org/wiki/Alan_Greenspan
     Deficit spending is simply a scheme for the confiscation of wealth.                                                                      credo 1966 
    = Meynard Keynes was simply for a scheme for the confiscation of wealth
( logical Fazit: 50% right,50% wrong : in-+de- =re-flation tendency dependance )

                        2001  Goldmarket-manipulation:

http://www.therichterreport.com/content.php?id=238&menu_id=15
Until the advent of "Helicopter Ben" Bernanke as Fed Chairman, perhaps the greatest fiat currency inflationist in world history was Alan Greenspan. His response to every financial crisis was to "print more money" by lowering interest rates and thus  expanding the money supply. He did it in response to the 1987 stock market crash. He did it and caused the dotcom bubble of the late 1990s, and he did it after 9/11, thus igniting the now-deflated real estate bubble of this decade.
Right.   I agree with the current policies of this, and past, Gov't administrations.   Printing more and more money stalls the final outcome for awhile, but collapse comes anyway.   Remember Germany before WWII?   It took a wheelbarrow full of money to buy a loaf of bread.   Then there was a worldwide Depression and the Nazis took over Germany.
Quote
Therefore, it is supremely ironic that this same inflationist wrote the following words back in 1966, a time when he was considered to be in Ayn Rand's inner circle:
"In the absence of the gold standard, there is no way to protect savings from confiscation through inflation. There is no safe store of value. If there were, the government would have to make its holding illegal, as was done in the case of gold.....The financial policy of the welfare state requires that there be no way for the owners of wealth to protect themselves.
To be honest, I hadn't thought of this, since a lot of this happened when I was a boy, and only now am I forced to deal with the lousy economy like everyone else.   But, considering the human nature of greed and fear, I believe the descriptive text is correct.
Quote
This is the shabby secret of the welfare statists' tirades against gold. Deficit spending is simply a scheme for the confiscation of wealth. Gold stands in the way of this insidious process. It stands as a protector of property rights. If one grasps this, one has no difficulty in understanding the statists' antagonism toward the gold standard."
Alan Greenspan, "Gold and Economic Freedom" (1966).
Well, yeah.   Gold, and the standard it represents, is something that's physical and not subject to the whims of someone's financial 'money kiting scheme'.   ("kiting" is a con game to swindle someone out of something---in this case money by inflation to transfer wealth)
Quote
                                                 2005
The privateGold Antitrust Action Committee GATA has uncovered evidence suggesting that the Federal Reserve and the Treasury department, operating through the Exchange-Stabilization fund and in cooperation with the International Monetary Fund, have been systematically working to deflate the price of gold. Because rising gold prices are seen by investors as a barometer of inflation, the Fed has purportedly suppressed prices to disguise the true nature of the financial bubble of the 1990s.
Congressman Ron Paul said in a Media Release in 2002 "The Fed wants all of us to think the stock market is not overvalued, and that credit and monetary expansion can create lasting prosperity" he went on to say "gold prices should always serve as an unbiased indicator of the true health of world markets."


                                     Wall Street
Congressman Paul is quite correct.   He's a 'whistleblowing' 'watchdog' who isn't afraid to tell the truth.   The economy will begin collapsing in due course and that'll leave a power vacuum that all sorts of criminals may be able to take advantage of.

--Lee
"Truth comes from wisdom and wisdom comes from experience."
--Valdemar Valerian from the Matrix book series

I'm merely a theoretical electronics engineer/technician for now, since I have no extra money for experimentation, but I was a professional electronics/computer technician in the past.
As a result, I have a lot of ideas, but no hard test results to back them up---for now.  That could change if I get a job locally in the Bay Area of California.

lancaIV


http://www.manager-magazin.de/finanzen/artikel/a-398801-2.html -article
               03.02.2006(February) = 02/03/2006(US-date ranking)

partly google-based translated:



                                    Greenspan's explosive legacy
                                          Lutz Knapp man


                        2 Part: Cheap money real estate bubble generated


The prices of houses and apartments in some places have reached absurd dimensions. The mini-interest loan made ​​to finance the alleged breeze. Millions of Americans refinance their existing loans with new, always more favorable loans to - and pump the money saved in the consumption.


"Consumer spending and residential construction dispute together for years about 90 percent of U.S. economic growth," the magazine "The Economist" has calculated. Collapsing consumer demand, it disrupts the entire U.S. economy into the abyss. First signs of a slowdown are already visible. In the fourth quarter U.S. GDP growth fell to 1.1 percent - after it had ten consecutive quarters located partly well over 3 percent.


Greenspan's successor faces a balancing act. It stops the interest rate rises too early, the debt continues to grow. It stops it too late, he risks a global financial crisis. Either way Bernanke has to pay for what he has left his celebrated predecessor.



http://www.handelsblatt.com/politik/international/alan-greenspan-die-fehler-der-anderen/8985476.html -article
partly google-based translated

Alone: In "The Map And The Territory", as the title of the 388 page work, Greenspan is hardly a his personal responsibility. The only thing he admits is this: No one, including the Fed does not have to see the financial crisis, the end of 2008 grew into the biggest recession since the 30s, come anyway. "We pretend to be able to predict things," Greenspan says, "but the truth is can not."


http://de.wikiquote.org/wiki/Walter_Ulbricht
No one has the intention of building a wall. "

the_big_m_in_ok

Quote from: lancaIV on October 28, 2013, 05:38:34 PM
http://www.manager-magazin.de/finanzen/artikel/a-398801-2.html -article
               03.02.2006(February) = 02/03/2006(US-date ranking)



partly google-based translated:

The prices of houses and apartments in some places have reached absurd dimensions. The mini-interest loan made ​​to finance the alleged breeze. Millions of Americans refinance their existing loans with new, always more favorable loans to - and pump the money saved in the consumption.


"Consumer spending and residential construction dispute together for years about 90 percent of U.S. economic growth," the magazine "The Economist" has calculated. Collapsing consumer demand, it disrupts the entire U.S. economy into the abyss. First signs of a slowdown are already visible. In the fourth quarter U.S. GDP growth fell to 1.1 percent - after it had ten consecutive quarters located partly well over 3 percent.
Thank you, IancaIV...
It's been estimated that 75% of all economic activity is through retail sales.   That's.     Everything.   When people stop buying, 'the end' will be approaching.
Quote
Greenspan's successor faces a balancing act. It stops the interest rate rises too early, the debt continues to grow. It stops it too late, he risks a global financial crisis. Either way Bernanke has to pay for what he has left his celebrated predecessor.
I once lived in a temporary residence long enough to learn the basics of commercial finance and the market economy while looking at CNN's commercial news network on free cable TV.

What was predicted above, I believe will happen.   Either way, people will 'wise up' eventually and begin taking their financial lives, and possibly their physical welfare, into their own hands---whether the Gov't likes it or not.

--Lee
"Truth comes from wisdom and wisdom comes from experience."
--Valdemar Valerian from the Matrix book series

I'm merely a theoretical electronics engineer/technician for now, since I have no extra money for experimentation, but I was a professional electronics/computer technician in the past.
As a result, I have a lot of ideas, but no hard test results to back them up---for now.  That could change if I get a job locally in the Bay Area of California.

lancaIV

2006 - before Lehman&Bro.:commodity futures (Ex-American Express-sub-company ;
creditcards-bubble the next problem
education-by-credit


these markets did not a going-out,the bubble problem exist and is growing each day


-----------------------------------------------------------------------------------------------------------
"Weimarer Republic":
my Ur-grandpa had this luck :P  to live during this time with money inflation over 1000% p.a. and finally the estate bankrupcy ,
but what to do with so many paper-"money"/obligations/notes:
wall decoration as solution  ??? pragmatical.
   
everybody can buy stamps from this time for some cents:
printed values f.e. : 5 Billions Mark (german Billions = U.S. Trillions)



1923-1929: 1WW-german reparation-paying ;
                    Da(rmstadter)Nat(ional)-bank bankrupcy :
                    worldwide economy -no liquidity-crisis : bartering


     1933       NSDAP : v.Hindenburg accepted A.Hitler (Prediction: Mein Kampf) as
                                  Reichskanzler


  ...........


      We do not need no education               we need education (double negation)
      we do not need no thought controle     we need thought controle -by ourself
      no dark sarcasm in the classroom
      hey,teacher,let us kids alone                 and come please later back