tag:blogger.com,1999:blog-18745185.post1900028259903201936..comments2024-03-17T09:26:13.133-03:00Comments on Rodrigo Constantino: A Origem do DinheiroRodrigo Constantinohttp://www.blogger.com/profile/09330341852800968799noreply@blogger.comBlogger3125tag:blogger.com,1999:blog-18745185.post-45558234021380685592010-08-17T07:17:21.188-03:002010-08-17T07:17:21.188-03:00it is obvious to me that the only way to mantain t...it is obvious to me that the only way to mantain the development of the human culture in this world, is to finish with the money. Might seem crazy, but the most i think in this possibility, the most i believe it is the better solution for this point where we are nows,mart,(ins)taller,jamhttps://www.blogger.com/profile/14373768363617481118noreply@blogger.comtag:blogger.com,1999:blog-18745185.post-16097480265680263472009-05-07T19:39:00.000-03:002009-05-07T19:39:00.000-03:00Mas haverão aqueles a seguir afirmando que inflção...Mas haverão aqueles a seguir afirmando que inflção não tem causa Estatal, mas no mercado (coisas como produtividade privada, burocratoparastismo, o decurso histórico das crises relutarão em discutir) ou outras ainda mais estranhas à lógica tal "ganância", "consumismo" e congêneres.fejuncorhttps://www.blogger.com/profile/18416645467088505199noreply@blogger.comtag:blogger.com,1999:blog-18745185.post-55878346826377010632009-05-07T02:19:00.000-03:002009-05-07T02:19:00.000-03:00WRT the current monetary policy although I obvious...WRT the current monetary policy although I obviously have a limited understanding of the finer points of economic science, I believe the following to be true… (P>0.85)<br /><br />GDP world - $ 55 trillion<br />GDP USA - $ 13.7 trillion<br />Taxes coll. US - $ 3.7 trillion <br />Gov expenses - $ 4.2 trillion deficit annual ( for the last few years….) ~$500 billion<br /><br />Debt (sept 08) $ 10.3 trillion (accumulated till sep 08)<br /> Chinese ‘held’ debt - $ 1.2 trillion (only)<br /> Other countries - $ 3.1 trillion <br /> FED ‘holds’ debt - $ 6.4 trillion - This is ‘held ‘ in Bonds that were never sold – i.e. thin air…<br /><br />Since sept 08, we have added:<br /> TARP - $ 0.7 trillion<br /> Univ Med - $ 0.48 trillion<br /> Stimulus - $ 0.7 trillion (good name for a roman emperor !)<br /> For Banks - $ 1.0 trillion<br /> Adding to another - $ 3.0 trillion , also made up from fresh air. <br />So now the DEBT sits at about $ 13 trillion - $ 13E12 on my calculator.<br /><br /> OF WHICH 10 TRILLION IS MADE UP OF THIN AIR…<br /> (some say more, some say less….)<br /><br />About 3 weeks ago, the US, the UK and Germany held an auction to sell their ‘BONDS’… nobody bought.<br /><br />I would love to have someone explain to me how this is going to get paid up. They obviously cannot collect more in taxes, even if they slash Medicare and Medicaid, they still will be in no position to pay. <br />The inflationary pressure exerted by all this ‘monopoly’ money creation is amazing. Some economists have talked about 20 cents on the dollar…<br /><br />Add to this:<br />Government takeover of businesses.<br />Support to unionization – ‘card check’ legislation.<br />The amazing invitation to wholesale fraud that all these ‘impossible-to-control-or-manage’ moneys create.<br />Cap & Trade.<br />Green technologies subsidies.<br />Credit card defaults, as the unemployment grows – the Debt in Credit Cards is of the order of $ 12 trillion.<br />The mortgage defaults – the CRA promoted mortgages and ‘NINJA’ loans of the order of $ 1.7 trillion.<br />The ‘promised’ Social Security support for the boomers, most of which have already lost 40 % of their retirement investments – another $ 20 trillion…<br /><br />We’re in for a bumpy ride !<br /><br />As a side issue, I often wondered how the Chinese and others would guarantee their loans. My investigation led me to ‘foreign ownership’ of the USA. Real State, Corporations, Casinos in Vegas, Beach houses, etc. These added up until Jan 2007 to 48%. A staggering ratio of foreign ownership – the Americans have been selling their country to sustain a huge population of non-producers. (in my estimation could be about ~ 100 million souls.) Some here would go on and blame the working American for a lavish undeserved lifestyle, I have a somewhat different take on it as you see.joe blowehttps://www.blogger.com/profile/17194443741485086403noreply@blogger.com