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"Fiscal cliff" is better than the real danger - the "debt cliff"
Why do they call it a "fiscal cliff"? In fact it is a policy in the right direction, although not using the best tools. So a "fiscal-cliff", or maybe better called "a debt-cliff", will occur if again no policy is implemented and everything remains in the "good old way". In this alternative, and presented as "salvation" scenario, the deficit will remain higher, the debt will continue to increase in an uncontrollable way and at the end - some day, USA will really go bankrupt. This will be a real cliff, believe me. In either scenario - Government default, or inflationary dollar devaluation, American people will have to pay the high price of political irresponsibility.
Read more...India declares war on... Gold
A global repression against Gold is inevitable and is already in way. The first steps are made and the regime will become more fierce with time. Just as written in my fiction story "Jews" governments will declare war on Gold trying this way to hide their own incompetence and stupidity. Today I have read an article on Bloomberg that India is trying to improve its big trade deficit and its negative current account by... fighting the import of Gold.
Read more...What is called a real budget mess?
You think US budget talks are complex and difficult? Imagine this:
Obama has a government of 50 members and all of them are appointed not by him, but by the state governors, and approved by the House. This Executive Branch of the Government prepares the budget and sends it to the House for an approval. After that the bill goes to The Senate where every senator has a veto right. I.e. full consensus is needed for this bill to pass.
Don't you think this will be a really complex and entangled budget procedure?
But it is not a fiction. It is absolutely real. In EU.
The concept of the "new protectionism"
Depression, recession, L-crisis, W-crisis You will hear much explanations on the problems of the world economy. And all they are not true. Because in fact there is no any problems in much and important regions like China, India and Brazil. In these countries there is neither a depression, nor a recession. In fact these countries mark an impressive growth. So while in Western countries and Japan economists are wondering what happens, in China economists are enjoying to comment only good news. What happens?
Read more...Romney with an advantage in electoral fraud potential
There are too much comments on Presidential election on November 6th. But it lacks one very important point of view - who is in charge in so called "toss up" states. I think this is the most important factor as in situation of very close results the electoral manipulations and falsifications can become decisive. It is a responsibility of the State administration to organize the elections. So the party that rules the state has an advantage of adding some percents to its result due to electoral fraud. Such type of advantage is not decisive if the margin is big. Usually the fraud potential is in one-digit percents and even 1-2%. But in toss up states the margin is very narrow and such an advantage can become decisive due to the "winner takes all" system.
So let's look at the toss ups...
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