Money is no joke

Audio -

13:13 min.

Tagged . Bookmark the permalink.
  • NascentMind

    Destruction of middle class jobs will result in massive social rippling affects
    That will destabilise western democraseys. To evidence to this I point to George Gallows 
    election victory in Bradford (uk) 

    http://www.dailymail.co.uk/news/article-2122523/George-Galloway-Secures-shock-victory-Bradford-West-election.html 

    Low paid Jobs will doom many a Small Medium Business thats why banks are not lending to these?

    Social breakdown is and will be economic breakdown.

    • http://overthepeak.com/wordpress/ Mystic

       Whenever I hear these demonstrator types….they always seem to chant –
      “Blah diddy blah……..When do we want it~!?…….Now~!”

      What would you imagine the `social breakdown` “Blah diddy blah” will be~?

      • NascentMind

        Social justice for all! eduction for all! social aspiration for all! when do we want it 1848. ( backdated with interest )

        • http://overthepeak.com/wordpress/ Mystic

           No.  Sorry.  Too wishy-washy.
          It’ll be Jobs, Jobs, Jobs……………We demand to be wage slaves.  When do we want to be wage slaves~?
          Now~!

          • Paul

            Jobs are the key.  It’s time for a “FDR type” make-work project.  Upgrading the civil infrastructure is not a waste of money.  Without some decent-paying job creation, all the other indicators are done; housing, spending, loan demand, etc.  A prolonged, 20 year recession will be inevitable.

            • http://overthepeak.com/wordpress/ Mystic

               Yes, most everything points that way.
              Would it `work`~?
              Who knows, but everything else looks like a dead end~!

              • Paul

                “Who knows?” is right, but I think a govt spending program that upgrades infrastructure and puts people back to work is about the best plan that They could adopt right now.  Since we now have essentially a State controlled economy, we might as well enact our own version of China’s Five Year Plan model.
                We can re-evalute after 5 years to see whather it was a go.  Technically speaking, we are already in year 4 of our first Five Year Plan, no~?    

                • http://overthepeak.com/wordpress/ Mystic

                   Yes, in year 4 of Five Year No Plan~!

                  • Paul

                    Good point!

  • NascentMind

    By the way I was surfing the whorehouse youtube and found Steve keens personal site
    He’s working on a new computer model for the new economic dynamics with social classes and such built in 
    it’s big project that has to be done in stages. Its called Minsky Project 

    • http://overthepeak.com/wordpress/ Mystic

       Yep.  Soros is funding it via INET.

      • NascentMind

        Well~ when you get close to check out time,(Soros) you have to Hedge your bets~! 

  • Paul

    Did you see this article updating the old predictions on the Limits of Growth? Pretty interesting.  The old MIT numbers were pretty much spot on.  Not a nice future for most of humanity. 

    http://www.smithsonianmag.com/science-nature/Looking-Back-on-the-Limits-of-Growth.html#

    http://www.clubofrome.at/about/limitstogrowth.pdf

    Here’s another Australian rabble-rouser discussing the numbers.  I hope he and Keen are pen-pals.

    http://www.themonthly.com.au/limits-growth-2009-graham-turner-1580

  • Paul

    Some chart porn

    • http://overthepeak.com/wordpress/ Mystic

       There is an update of the book recently out I think.
      I am putting in an Amazon order…..will look for it.
      Found it.  Shit……why is the hardcover four times more than the paperback~!?

      • Paul

        I always have my local library order the expensive books.  If I feel it is worth the purchase, I’ll wait awhile until the price drops.  The paperback version should be just fine.  You can buy the hardcover version later for your library, and use the paperback version as a working book for note-taking and scribbling.

      • Paul

        Here is a 28 page Synopsis to get you started.

        http://www.clubofrome.at/about/limitstogrowth.pdf

        • http://overthepeak.com/wordpress/ Mystic

           Thanks
          (Having trouble with Adobe………will have to sort it out)

  • Jetser

    Mystic,

    The Average Hourly Earnings on the chart in 2b has its index on the RHS, so it’s currently about 1.5% positive. You were looking at the wrong axis when you saw it as being negative.