for previously archived news article pages, visit the news archive page (click on the button above)
|This page helpful?
Share it ! Like it !
A very great deal of poor analysis is due to ignoring time frames. [ed]
But the advantages may (and sometimes do) take decades to appear.
Fortunately President-elect Donald Trump appears far more experienced and sophisticated than Barack Obama.
Of course, that is very difficult for a cult international socialist like Barack Obama to understand and accept, and also to adjust. A cult international socialist, like Obama, is bound to put his religious (political) tastes before his fellow citizens. This is a major problem type with dogmatists and extremists.
economism - the belief that economics is more important than people
It is essential to mitigate and even slow down globalisation in order to protect the life chances of the poorer and less able classes in the advanced societies.
Putting the less able western classes out of social integration undermines that integration and stirs up trouble for those societies. That is a serious cost in social capital.
There are limits to how fast societies can adjust.
The soul-less elites, such as socialists, have beliefs. Globalisation is an economic advantage if you ignore the effect on the poor and weak.
Soul-less elites 'think' like academics in their little technocrat boxes, without, understanding of the wider world and the real people.
For those being misled by politicians and media lies and innumeracy.
[All numbers are rather approximate.]
Therefore, real national debt falls by 5% of £1.64 trillion
£80 billion minus £20 billion [annual deficit, rounded] is a real surplus of £60 billion.
Meanwhile, Cameron et al. have so increased the credibility of the UK government that borrowing rates are now at an all time low, thus saving vast amounts of interest.
Vote for Corbyn and fascist (new politics) Labour and wreck the economy again. You know it makes sense.
And stop worrying about the pound, that's just more baloney.
Patrick Minford on should Britain leave the EU?
It is always a joy to watch a person who knows what he on about among all the blithering nonsense!
Patrick Minford's comments on PFIs (private finance initiative) are particularly interesting.
The pound being at its lowest level since 1985 is part of sorting out the last Labour mess left by Brown the Clown.
It had taken David Cameron one year plus five in coalition to straighten their mess, and it is far from sorted.
If a country prints money while others do not, the currency of that country inevitably will fall over time, unless the country's real productivity rises at a similar rate.
A major reason the pound is not falling so much this time is that almost all the advanced world's central banks are systematically printing at similar rates.
'New' Labour left the UK with a large pool of unemployed and pretendy employed. Now they are becoming counter inflationary as they are being 'encouraged' to work.
Issuing for liquidity is, I understand, the alleged reason for the extra line of credit recently suggested by Bank of England Governor, Mark Carney.
The regular expansion of the money supply, which has been much practiced recently, continues, as far as I can see, as the world sleeps.
My latest estimate for UK inflation growth is approximately 4% p.a.
Using approximately 2015 figures, that would wipe around 68 billion off the real value of the national debt.
Government can now borrow for the likes of infrastructure projects at very close to no interest! Meanwhile, the real spectre that stalks the money markets is deflation due to the growth of manufacturing and entry into world markets of the large populations of Asia. Serious and continuous deflation has not been seen for a hundred years, and, of course, people are not used to it. Meanwhile, fiat money is now the norm across the world.
|You are here: economics news from July 2016 < News < Home|
|latest||abstracts||briefings||information||hearing damage||memory||France zone|
© abelard, 2016, 14 july