A Human Future, Topics of Interest

How to avoid the current global buildup of arms. We can feed the worlds hungry and more. Current active competition to develop a space elevator. Wernher Von Braun on the Mission to Mars.

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Location: Canada

Saturday, February 07, 2009

"economy of people not of factories."

Thanks to Linda for supplying the link. It`s a good read, well worth considering the message in its entirely.
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http://www.informationclearinghouse.info/article21896.htm

Russian Prime Minister Vladimir Putin's speech at the opening ceremony of the World Economic Forum in Davos
Switzerland. Jan. 28, 2009
"The current situation is often compared to the Great Depression of the late 1920s and the early 1930s. True, there are some similarities.However, there are also some basic differences."
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In the 30`s people were out of cash and so couldn`t spend, today we`re out of credit and can`t spend. Similarities and differences all wrapped into one.
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"I believe that the 21st century economy is an economy of people not of factories."

A 25th century global transportation system is for the people, I`ve always read Mr. Putin at face value which is what he is saying nations now need to do.


"Therefore, finding this mutual trust is a key goal we should concentrate on now."

While I certainly agree I`ve put together comprehensive guidelines on financing and revenue of a global individual vehicle maglev.,,, just to enhance not only the trust factor between nations but the people and nations in this time of a global trust deficit.

6 Comments:

Anonymous Anonymous said...

I wonder if there is an excessive amount of pessimism about the economy and the job loss. Without a doubt the economy is in a very tenuous position but isn’t now the time to believe in our inherent ability to overcome, survive, and thrive?

Instead of wasting too much time figuring out where blame lies (analysis of past mistakes is necessary to a degree) lets spend time developing solutions for ourselves and perhaps more help the people around us.

Now is a time to tighten our belts and push forward believing in our inherent ability to succeed.

http://www.weeklypoint.com/2009/02/06/are-job-losses-accelerating/

9:20 AM  
Blogger voxpopuli said...

I tend to think there`s not enough pessimism.
The msm spin that injecting $32B into the economy is a `recovery` plan when Cdns increased debt by $300B and yet still having record jobs losses isn`t giving anyone confidence. The good news lies have lost their sugar coating.

Trump on the bad news truth. We are in a depression with global implications.

"push forward believing in our inherent ability to succeed"

The good news truth, I believe.

10:05 AM  
Anonymous Anonymous said...

Linda, is the glass half full or empty?



http://www.theprovince.com/Entertainment/White+House+seeks+final+passage+rescue+plan/1267350/story.html

White House seeks final passage of rescue plan

February 8, 2009


Christina Romer, another top Obama fiscal adviser, said, “If we can get this (rescue) package through, we can turn it (the economy) around and be back on the road to growth.”
FAILURE WILL BE “CATASTROPHIC”
Warning that failure is not an option, Romer said if the package falls apart, “I think it would be — the word the president used was catastrophic.”
“We need to get the stimulus package through and we do know that any package to get the economy healthy is going to be more effective if we get the banks healthy, because we have got to get them lending again,” Romer said.
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http://finance.yahoo.com/tech-ticker/article/169781/Peter-Schiff-Stimulus-Bill-Will-Lead-to-%22Unmitigated-Disaster%22?tickers=^dji,^gspc,QQQQ,SPY,DIA,TLT,UDN

Peter Schiff: Stimulus Bill Will Lead to "Unmitigated Disaster"
Posted Feb 06, 2009 08:05am EST by Aaron Task

The fiscal stimulus bill being debated in Congress not only won't help the economy, it will make the recession much worse, says Peter Schiff, president of Euro Pacific Capital.
Schiff scoffs at the notion the economic decline is starting to level off and concedes no government action means a "terrible" recession. But the path of increased government intervention will lead to "unmitigated disaster," says Schiff, who gained notoriety in 2007-08 for his prescient calls on the housing bubble and U.S. stocks.
The problem, he says, is the government is trying to perpetuate a "phony economy" based on borrowing and spending. With the U.S. consumer tapped out, the government is "now taking on the mantle" of consumer of last resort, he continues, predicting the bond bubble will soon burst - if it hasn't already - ultimately leading to a collapse of the dollar and an "inflationary depression worse than anything any of us have ever seen."
If nothing else, Schiff is an nonpartisan critic of American policymakers, comparing President Bush to Herbert Hoover and President Obama to FDR, and neither in a favorable way.

9:42 PM  
Blogger voxpopuli said...

"Trump on the bad news truth. We are in a depression with global implications."

"Peter Schiff: Stimulus Bill Will Lead to "Unmitigated Disaster"
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Obama sells his stimulus.

The idea that 90% of the jobs created are not public employees but will be employed by the private sector is wrong. The public funds the jobs not the private sector. While some of the initiatives will create private sector jobs some time in the future, which Obama says will be years, all are funded by the public, most translate into temporary government positions even if employed by a private company.

While I understand the concept that public money will be replaced by private investment creating more jobs that will restore consumer spending, public funding will need to continue until and even as this transformation occurs, which Obama says will be years.

The investments in energy have the best chance of turning public money into private employment as long as consumers can afford the increased costs of the products, but that won`t be until consumer spending returns to boom times.

How much public spending is needed to replace consumer spending and how much will break the bank, bond market actually?

Is there even close to the amount needed to replace consumer spending available?

The answers seem key to the chances of success in replacing consumer spending with public spending. Lacking any answers I have to take the following as the highest amount of concern as the most likely result of attempting to replace consumer spending with public spending.


Peter Schiff:
"ultimately leading to a collapse of the dollar and an "inflationary depression worse than anything any of us have ever seen."

10:03 AM  
Blogger voxpopuli said...

February 23, 2009

http://www.theglobeandmail.com/servlet/story/RTGAM.20090223.wferguson0223/BNStory/crashandrecovery/home

Harvard economic historian Niall Ferguson predicts prolonged financial hardship, even civil war, before the ‘Great Recession' ends

Probably the best article yet that stating the obvious.

He can`t envision WW3 because of overwhelming US military might. He should spend a little time contemplating a playing field leveled, literally, by nukes.

" But it's hard to see a simple and quick macroeconomics happy ending. That I really struggle to visualize"

He shouldn`t be so hard on himself not visualizing a solution, after all stating the obvious is only the first step in seeing it coming or envisioning a solution.

I thought he skillfully avoided deficit spending stimulating tax increases and the real need for governments to increase revenue (taxes).


I`m sure he makes a good living stating the obvious yet I can`t rate enough to keep up my blog which sounds a lot like the lost decade mentioned.

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http://poppavox.blogspot.com/2007_11_01_archive.html


A Human Future, Topics of Interest

Monday, November 05, 2007

I`m very concerned that we are entering into a period where all the gains made since the end of the cold war could crumble to dust in a matter of a few months.
The concept revolves around one basic factor, consumers. This is also where the biggest problem lays. In order to create a green global economy the consumers must buy the product, spend extra which they would if they were not broke. Even by massive tax cuts and incentives to move consumers green it wouldn`t be enough, probably not even enough to keep consumers buying when tax cuts will create a spike in inflation.

11:13 AM  
Blogger voxpopuli said...

On the flip side a recovery
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http://biz.yahoo.com/ap/090224/wall_street.html




Stocks up on Bernanke remarks; focus now on Obama

Tuesday February 24, 6:37 pm ET

By Madlen Read and Tim Paradis, AP Business Writers


Bernanke told Congress on Tuesday the recession might end this year,
There's growing optimism that Obama can deliver the details that the market is so desperately looking for in his speech
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February 24, 2009

730 pm pt

After listening it was the same fireside chat we`ve heard before. The market reaction to date has been negative so I expect repeating the message should repeat the reaction.
Consumers are not buying it as most know the`re too far in debt to have the smallest amount of security. Business isn`t buying into it as they know consumers are already overspent. The markets obviously won`t buy into a deal business won`t buy into.

Certainly not rocket science, maybe we need some.

7:53 PM  

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