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The Great Devaluation
#48
(02-07-2019, 08:49 PM)Eric the Green Wrote:
(02-06-2019, 12:03 PM)Hintergrund Wrote:
(12-24-2018, 05:04 PM)Eric the Green Wrote: I still say the recession which I think will follow will not be as severe as 2008-09.

I'd rather bet the opposite.

Galen always says what is opposite to the truth. Considering how accurately I predicted the timing and extent of what happened in 2008, here and in my book and lectures for decades, also available on you tube, perhaps I have some credibility when it comes to predicting what will happen.
Quote:Dunno, man. Don't toss the baby out with the bathwater. Whatever one can say about Galen, he seems like a right-libertarian. That means he'd like to shut down the gravy train of corporate welfare to Amazon, Tesla, Big Fossil Fuel, etc. I rather doubt he'd care about allowing imported drugs to compete with Big Pharma.  That's how Galen is different than evil Neoliberals. Neoliberals like regulations that feather their buddies' nest. That's why I support the right kind of deregulation. Any and all regulations that prop up monopolists should be tossed. I'd also toss all laws over victimless crimes. If one wants to do weed,  shrooms, etc.

Team blue needs to clean itself out of morons like:
https://www.zerohedge.com/news/2019-02-0...ng-age-100

Banning ciggies is just plain idiotic. Folks should be able to to whatever the hell they want with their bodies. Hell, I light up one myself every now and again when I'm stressed out.

I think team red has some problems as well. Like what happens when someone gets in a car wreck or something. Folks can't work after those. I think social insurance is a needed thing. I also have no idea how long I'll live. I'd rather pay into SS and have something called a defined benefit.  The private sector chucked those a long time ago.




The Green revolution now coming on, pushed further by the new Green New Deal activism, will break out fully in the 2020s, as society revs up and progress resumes in all fields.

Quote:Yes it will. However if the US keeps blowing money on wars of choice, nada will be left to do anything.


Even if there's a civil war or another war abroad, war tends to be good for business.

Quote:That won't be any different that what's been going on since 2003.  I see no benefits except for the MIC. Meanwhile, the US has become just a banana republic with nukes.  Some folks really need to get out more.


I think the resumption of progress in the 2020s (and the abject defeat of Trump's and Galen's regressive and cynical ideologies and philosophies) will cheer people up and stir the blood and that will bring boom times.

Quote:That will only happen if the Neoliberal/Neocanservative axis of evil is exiled from power.

There will be a rough transition before the boom starts, starting now, but as I said it won't be as severe as 2008-- which I predicted decades ago would be the worst crash and biggest obstacle to be faced in the 21st century, except for the ongoing challenge of human-caused climate change of course.

Where have you been? Do you really believe the MSM?
  Guess what, there's been no recovery from 2008 in the real economy. Full employment?  Nope, just a bunch of shitjobs that pay nothing. That's whats here, that's what's real, that's what's a bummer.

Cf.
http://www.shadowstats.com/alternate_dat...uct-charts


http://www.shadowstats.com/alternate_dat...ent-charts

And folks wonder why Trump happened?  Trump is a symptom not the cause of what's going down. I guess I'll see what the next thing the system vomits up.
---Value Added Cool
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Messages In This Thread
The Great Devaluation - by TeacherinExile - 03-08-2017, 02:24 PM
RE: The Great Devaluation - by pbrower2a - 03-09-2017, 07:09 AM
RE: The Great Devaluation - by Bob Butler 54 - 03-09-2017, 08:30 PM
RE: The Great Devaluation - by pbrower2a - 03-10-2017, 10:58 AM
RE: The Great Devaluation - by Odin - 03-10-2017, 02:28 PM
RE: The Great Devaluation - by SomeGuy - 03-10-2017, 02:37 PM
RE: The Great Devaluation - by Odin - 03-10-2017, 02:56 PM
RE: The Great Devaluation - by SomeGuy - 03-10-2017, 03:01 PM
RE: The Great Devaluation - by Odin - 03-10-2017, 03:13 PM
RE: The Great Devaluation - by SomeGuy - 03-10-2017, 03:36 PM
RE: The Great Devaluation - by pbrower2a - 03-10-2017, 03:37 PM
RE: The Great Devaluation - by SomeGuy - 03-10-2017, 04:04 PM
RE: The Great Devaluation - by Kinser79 - 03-10-2017, 03:06 PM
RE: The Great Devaluation - by Galen - 03-10-2017, 04:10 PM
RE: The Great Devaluation - by Classic-Xer - 03-10-2017, 06:51 PM
RE: The Great Devaluation - by Kinser79 - 03-10-2017, 06:32 PM
RE: The Great Devaluation - by The Wonkette - 03-13-2017, 11:44 AM
RE: The Great Devaluation - by TeacherinExile - 03-13-2017, 01:19 PM
RE: The Great Devaluation - by Kinser79 - 03-13-2017, 01:59 PM
RE: The Great Devaluation - by Kinser79 - 03-14-2017, 12:54 AM
RE: The Great Devaluation - by Galen - 03-14-2017, 03:26 AM
RE: The Great Devaluation - by Kinser79 - 03-14-2017, 03:46 AM
RE: The Great Devaluation - by Galen - 03-14-2017, 03:57 AM
RE: The Great Devaluation - by pbrower2a - 03-14-2017, 12:22 PM
RE: The Great Devaluation - by pbrower2a - 03-14-2017, 01:29 PM
RE: The Great Devaluation - by pbrower2a - 03-31-2017, 11:16 PM
RE: The Great Devaluation - by Eric the Green - 12-24-2018, 05:25 PM
RE: The Great Devaluation - by Ragnarök_62 - 12-01-2018, 07:21 PM
RE: The Great Devaluation - by Mikebert - 12-24-2018, 03:30 PM
RE: The Great Devaluation - by Eric the Green - 12-24-2018, 05:04 PM
RE: The Great Devaluation - by Hintergrund - 02-06-2019, 12:03 PM
RE: The Great Devaluation - by David Horn - 02-06-2019, 01:23 PM
RE: The Great Devaluation - by Galen - 02-07-2019, 05:05 AM
RE: The Great Devaluation - by pbrower2a - 02-07-2019, 06:27 PM
RE: The Great Devaluation - by pbrower2a - 02-07-2019, 07:19 PM
RE: The Great Devaluation - by Eric the Green - 02-07-2019, 08:49 PM
RE: The Great Devaluation - by Ragnarök_62 - 02-07-2019, 10:08 PM
RE: The Great Devaluation - by pbrower2a - 02-08-2019, 07:15 AM
RE: The Great Devaluation - by pbrower2a - 02-27-2020, 09:44 PM
RE: The Great Devaluation - by pbrower2a - 02-27-2020, 09:57 PM
RE: The Great Devaluation - by pbrower2a - 02-27-2020, 10:25 PM
RE: The Great Devaluation - by sbarrera - 02-28-2020, 02:22 PM
RE: The Great Devaluation - by pbrower2a - 02-28-2020, 06:57 PM
RE: The Great Devaluation - by sbarrera - 03-02-2020, 07:58 AM
RE: The Great Devaluation - by pbrower2a - 03-02-2020, 09:58 AM
RE: The Great Devaluation - by sbarrera - 03-02-2020, 11:34 PM
RE: The Great Devaluation - by pbrower2a - 03-03-2020, 01:32 AM
RE: The Great Devaluation - by sbarrera - 03-03-2020, 07:03 AM
RE: The Great Devaluation - by pbrower2a - 03-03-2020, 10:46 PM

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