Schlagwort-Archive: allmightyness

Let’s check

how is our race to the bottom doing?

  • Greece is on it’s way to yet another default.
  • If my calculations are right (see: then Spain has to get new debt of 33 -¢ for every Euro they spend. New debts (officiall numbers) around 34 billions. Now they have to offer 6.5 % for new money. How “unfair”
  • Extra implicit debt of the USA 200 trillions. That seems to get a tough one

In short the race is almost run. Currently leading Greece, Spain, Italy. But the followers are not that far of. And what do we get from our politicians? “Everything’s under contro” and yet (strange enough) the new suggestions for “solving” the problems are following in a minutes distance. Could it be that “panic” time is starting? All the suggestions just complete the mess. More power, more debt and more regulation. That’s all there is, be it in Euro Land. USA or China. Just see some newspapers or probably better blogs….

From NZ

with compliments:

It’s very actual as you can see. And it does not shade a good light on the supporters of the man-made climate change.
Now if we consider what has happened the last half year in this area. We probably be well advised to distust claims and
laws put on us for fighting global warmth.

There’s one question left. Why has this been upheated that much. How does it come that science has not obeyed their
own base of success? could it be because of all this are paid for by mostly governemental organizations? As you can see the route to
more “politics” and less “freedom” is nearly universal. Laws have been made and “artificial” markets be established which deal with CO2 emissions.
See the last laws in the EU but also in the US the “health care system”. It’s always less for those beeing productive and more and more for unproductive
jobs etc. It’s like a mania, we can and will control everything, every aspect ot anyones life. And only the deledes know how to interpret that, they are the “only” ones
seeing. And failure is a no-no-no-no-no word for them. If they fail it’s just because they still havn’t enough power and or bureaucrats.
Trial-and-error is the way of science. There is not progress if you do not try anything, there can’t be any progress without failure. One can not “decide” that e.g the IT industry comes along,
one can not “decide” to create a new product out of thin air without trying what things work and what won’t.
How large the hybris must be that one believes that having success comes for free? How can one believe that the success of free markets just happens by “accident”. How comes the believe that
one not working under economic laws knows better about economics, than anyone working under the economic “realities”. How comes the believe in academics without
economic experience that those “know” how economics work?

How comes that so many believe that kind of nonsense?

Krugman on the warpath again

this time it’s China. Not that I’m that found of it, but what Krugman want is that the Chinese
follow the US on the insane path. How to do that, well the Chinese do produce things, the US people like to buy,
and thos things are “cheaper” now, to counterbalance this the Chinese products must get more expensive. So what will
be the result, raising prices, the US people will get poorer. Another genious move from this, “steering” believers. It’s so stupid that it hurts
but they get away with it, and even more perverse, those not following have to pay also. US = freedom, may be a note on the side of
history. OOOOOOOOBama  GOOOOOOOO, ……………………………………….., the more far away the better.