Comments - The Axeman Commeth ... - Gaia Community2024-03-28T08:52:21Zhttp://letschangetheworld.ning.com/profiles/comment/feed?attachedTo=5313775%3ABlogPost%3A10&xn_auth=noBEWARE OF THE MULTITUDINOUS C…tag:letschangetheworld.ning.com,2021-06-18:5313775:Comment:1259352021-06-18T11:38:34.599ZMichael Grovehttp://letschangetheworld.ning.com/profile/MichaelGrove
<h1><span style="font-size: 18pt;"><a href="http://letschangetheworld.ning.com/profiles/blogs/beware-of-the-multitudinous-consequences" rel="noopener" target="_blank">BEWARE OF THE MULTITUDINOUS CONSEQUENCES ..</a>.…</span></h1>
<h1><span style="font-size: 8pt;"><strong><a href="https://storage.ning.com/topology/rest/1.0/file/get/9110807487?profile=original" rel="noopener" target="_blank"><img class="align-full" src="https://storage.ning.com/topology/rest/1.0/file/get/9110807487?profile=RESIZE_710x"></img></a></strong></span></h1>
<h1><span style="font-size: 18pt;"><a href="http://letschangetheworld.ning.com/profiles/blogs/beware-of-the-multitudinous-consequences" target="_blank" rel="noopener">BEWARE OF THE MULTITUDINOUS CONSEQUENCES ..</a>.</span></h1>
<h1><span style="font-size: 8pt;"><strong><a href="https://storage.ning.com/topology/rest/1.0/file/get/9110807487?profile=original" target="_blank" rel="noopener"><img src="https://storage.ning.com/topology/rest/1.0/file/get/9110807487?profile=RESIZE_710x" class="align-full"/></a></strong></span></h1> WHAT IF Nassim Taleb's "Blac…tag:letschangetheworld.ning.com,2013-01-27:5313775:Comment:125922013-01-27T11:58:26.880ZMichael Grovehttp://letschangetheworld.ning.com/profile/MichaelGrove
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<p><strong>WHAT IF <a href="http://letschangetheworld.ning.com/video/video?page=2" target="_blank">Nassim Taleb's "Black Swans</a>" were <em>engineered </em></strong><strong>by </strong><strong>a group of men -</strong></p>
<p><strong>living together in society <span>toda</span>y - <em>as a result of <a href="http://letschangetheworld.ning.com/video/joseph-stiglitz-22210" target="_blank">information asymmetry</a> </em>?</strong></p>
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<p><strong>" When …</strong></p>
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<p><strong>WHAT IF <a href="http://letschangetheworld.ning.com/video/video?page=2" target="_blank">Nassim Taleb's "Black Swans</a>" were <em>engineered </em></strong><strong>by </strong><strong>a group of men -</strong></p>
<p><strong>living together in society <span>toda</span>y - <em>as a result of <a href="http://letschangetheworld.ning.com/video/joseph-stiglitz-22210" target="_blank">information asymmetry</a> </em>?</strong></p>
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<p><strong>" When <a href="http://letschangetheworld.ning.com/profiles/blogs/one-can-only-hope" target="_blank">plunder becomes a way of life</a> for <em>a group of men living together in society</em> - they <em>create for themselves</em>, in the course of time, <em>a legal system that authorises it and a moral code that glorifies it </em>"</strong></p>
<p><b> Frederik Bostiak</b></p>
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<p><b> </b></p> Most of us would view a mone…tag:letschangetheworld.ning.com,2013-01-10:5313775:Comment:127292013-01-10T23:11:08.997ZMichael Grovehttp://letschangetheworld.ning.com/profile/MichaelGrove
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<p><strong>Most of us <em><a href="http://www.telegraph.co.uk/news/worldnews/europe/eu/9790932/Europes-dogmatic-ruling-class-remains-wedded-to-its-folly.html" target="_blank">would view a monetary experiment</a></em></strong> which has led directly to the bankruptcy of entire countries, and the ruination of so many lives, <em><strong>as an unqualified failure</strong></em>. <strong>BUT the European political class</strong> <em>is determined to retain its insane financial architecture,…</em></p>
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<p><strong>Most of us <em><a href="http://www.telegraph.co.uk/news/worldnews/europe/eu/9790932/Europes-dogmatic-ruling-class-remains-wedded-to-its-folly.html" target="_blank">would view a monetary experiment</a></em></strong> which has led directly to the bankruptcy of entire countries, and the ruination of so many lives, <em><strong>as an unqualified failure</strong></em>. <strong>BUT the European political class</strong> <em>is determined to retain its insane financial architecture, regardless of human considerations</em>. <strong>From <em>this side</em> of the Channel</strong>, <em><strong><a href="http://letschangetheworld.ning.com/profiles/blogs/the-curious-case-of-being-british" target="_blank">we must continue to muddle along in our boring, matter-of-fact way</a></strong></em>: to hope that it all works out for the best, while making prudent provision in case it does not.</p>
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<p></p> The report said the bigges…tag:letschangetheworld.ning.com,2013-01-09:5313775:Comment:127272013-01-09T18:07:18.269ZMichael Grovehttp://letschangetheworld.ning.com/profile/MichaelGrove
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<p><a href="http://www.telegraph.co.uk/finance/financialcrisis/9789086/Brussels-fears-poverty-trap-for-half-of-Europe-as-North-South-gap-widens.html" target="_blank"><strong>The report said <em>the biggest single cause of the jobs crisis is a</em> “demand shock</strong>”</a> to the Euroland economy, deeming other factors to be “less relevant”. The findings reflect deep dissent within the EU policy apparatus over the contractionary policy settings, and undercut claims by…</p>
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<p><a href="http://www.telegraph.co.uk/finance/financialcrisis/9789086/Brussels-fears-poverty-trap-for-half-of-Europe-as-North-South-gap-widens.html" target="_blank"><strong>The report said <em>the biggest single cause of the jobs crisis is a</em> “demand shock</strong>”</a> to the Euroland economy, deeming other factors to be “less relevant”. The findings reflect deep dissent within the EU policy apparatus over the contractionary policy settings, and undercut claims by hard-liners that labour reforms in the Club Med bloc are enough to pull the region out of slump.</p>
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<p></p> So the Americans did it. Th…tag:letschangetheworld.ning.com,2013-01-06:5313775:Comment:126212013-01-06T21:53:59.849ZMichael Grovehttp://letschangetheworld.ning.com/profile/MichaelGrove
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<h2><a href="http://www.telegraph.co.uk/finance/comment/rogerbootle/9784092/Eurozone-left-in-lurch-as-US-can-do-spirit-spurs-economy-towards-revival.html" target="_blank">So the Americans did it</a>. They avoided the fiscal cliff – right at the 11th hour, much as many of us suspected they would. <strong>Not that America’s travails are over. Quite the opposite.</strong> The fiscal problem has been merely deferred, not cured.</h2>
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<h2><a href="http://www.telegraph.co.uk/finance/comment/rogerbootle/9784092/Eurozone-left-in-lurch-as-US-can-do-spirit-spurs-economy-towards-revival.html" target="_blank">So the Americans did it</a>. They avoided the fiscal cliff – right at the 11th hour, much as many of us suspected they would. <strong>Not that America’s travails are over. Quite the opposite.</strong> The fiscal problem has been merely deferred, not cured.</h2>
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<p></p> Eight hours of negotiations…tag:letschangetheworld.ning.com,2012-12-23:5313775:Comment:127042012-12-23T14:18:36.989ZMichael Grovehttp://letschangetheworld.ning.com/profile/MichaelGrove
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<div class="firstPar"><p><strong><a href="http://www.telegraph.co.uk/news/worldnews/europe/eu/9668841/EU-budget-talks-collapse-following-rows-over-funding-increase.html" target="_blank">Eight hours of negotiations in Brussels <em>ended in walkouts</em></a></strong> after MEPs refused to drop demands for an extra £13.8 billion in European Union spending for this year and 2013. <em>The failure of the talks casts a fresh doubt on whether a major summit to agree to the EU's future funding…</em></p>
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<div class="firstPar"><p><strong><a href="http://www.telegraph.co.uk/news/worldnews/europe/eu/9668841/EU-budget-talks-collapse-following-rows-over-funding-increase.html" target="_blank">Eight hours of negotiations in Brussels <em>ended in walkouts</em></a></strong> after MEPs refused to drop demands for an extra £13.8 billion in European Union spending for this year and 2013. <em>The failure of the talks casts a fresh doubt on whether a major summit to agree to the EU's future funding from 2014 to 2020, scheduled for later this month, can go ahead</em>.</p>
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<p><em>“Over a protracted period of good times, capitalist economies tend to move from a financial structure dominated by hedge finance units to a structure in which there is a large weight to units engaged in speculative and Ponzi finance. . . . <strong>The greater the weight of <a href="https://www.bcgperspectives.com/content/articles/management_two_speed_economy_ending_the_era_of_ponzi_finance/" target="_blank">speculative and Ponzi finance</a>, the smaller the overall margins of safety in the economy and the greater the fragility of the financial structure</strong>.”</em></p>
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<p> Hyman Minsky, 1992</p> The global financial system…tag:letschangetheworld.ning.com,2012-09-03:5313775:Comment:118522012-09-03T21:33:26.202ZMichael Grovehttp://letschangetheworld.ning.com/profile/MichaelGrove
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<p><strong>The global financial system rests on self-created quicksand.</strong> When banks lend to other banks or financial institutions, those funds are used as a basis for further lending, and each transaction is larger than the one before. Interest has its own interest, and money breeds money. The greater the amounts and quicker the transactions, the more money is created. The amount of money in the system has grown exponentially. Computers decide in milliseconds the buying and…</p>
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<p><strong>The global financial system rests on self-created quicksand.</strong> When banks lend to other banks or financial institutions, those funds are used as a basis for further lending, and each transaction is larger than the one before. Interest has its own interest, and money breeds money. The greater the amounts and quicker the transactions, the more money is created. The amount of money in the system has grown exponentially. Computers decide in milliseconds the buying and selling of millions and billions of dollars worth of financial instruments. <strong><em>With so much money available, and with the ease and speed of global transactions, trade in derivates and other forms of financial gambling has progressively detached the financial system from economic and social reality</em></strong>.<br/><br/><strong><a href="http://burningissuesforum.com/2012/08/16/climate-collapse-the-saving-grace/" target="_blank">Ervin Laszlo</a><br/></strong></p> IT is a lonely task sticking…tag:letschangetheworld.ning.com,2012-07-23:5313775:Comment:117482012-07-23T17:10:50.609ZMichael Grovehttp://letschangetheworld.ning.com/profile/MichaelGrove
<p><strong><a href="http://blogs.telegraph.co.uk/finance/ambroseevans-pritchard/100019006/who-will-hold-the-troika-to-account-for-asphyxiating-greece/" target="_blank">IT is a lonely task sticking up for the Greeks</a></strong> – <em><strong>given the sins of their elites over the last decade</strong></em> – but do we really have to put up with <em>the false narrative coming from the EU's creditor core, and the self-serving eyewash by the policy architects of this disaster in Brussels,…</em></p>
<p><strong><a href="http://blogs.telegraph.co.uk/finance/ambroseevans-pritchard/100019006/who-will-hold-the-troika-to-account-for-asphyxiating-greece/" target="_blank">IT is a lonely task sticking up for the Greeks</a></strong> – <em><strong>given the sins of their elites over the last decade</strong></em> – but do we really have to put up with <em>the false narrative coming from the EU's creditor core, and the self-serving eyewash by the policy architects of this disaster in Brussels, Frankfurt, and indeed Washington?</em></p>
<p><em> </em></p> Gordon Brown - the man who c…tag:letschangetheworld.ning.com,2012-06-16:5313775:Comment:114042012-06-16T08:30:16.542ZMichael Grovehttp://letschangetheworld.ning.com/profile/MichaelGrove
<p><strong><a href="http://www.telegraph.co.uk/finance/financialcrisis/9334866/Gordon-Brown-France-and-Italy-may-need-a-bail-out.html" target="_blank">Gordon Brown</a></strong> - the man who claimed "<strong>to have <em>ended the cycle of boom and bust</em> for the UK</strong>" - <strong>Didn't he also save the world as well from ALL of its financial woes?</strong> - is here again at the …</p>
<p><strong><a href="http://www.telegraph.co.uk/finance/financialcrisis/9334866/Gordon-Brown-France-and-Italy-may-need-a-bail-out.html" target="_blank">Gordon Brown</a></strong> - the man who claimed "<strong>to have <em>ended the cycle of boom and bust</em> for the UK</strong>" - <strong>Didn't he also save the world as well from ALL of its financial woes?</strong> - is here again at the <strong><em><a href="http://www.telegraph.co.uk/finance/financialcrisis/9335043/Debt-crisis-tensions-mount-as-Angela-Merkel-attacks-French-economy.html" target="_blank">penultimate moment</a></em> of the <a href="http://www.telegraph.co.uk/finance/financialcrisis/9335072/Debt-crisis-Banks-prepare-for-worldwide-chaos-after-weekend-election.html" target="_blank">Euro Crisis</a></strong> expounding the fact that IF the G20 doesn't get its act together to help keep the Euro alive we shall all be faced with potential bailouts for France and Italy as well.</p>
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<p><strong>Surely its the <em>founding members</em> of the Euro project - Germany, France and Italy - who should now be realising that the wheels are falling off the charabanc because they chose not to fit tyres to the wheels in the first place.</strong></p> The Office for Budgetry Respo…tag:letschangetheworld.ning.com,2012-03-22:5313775:Comment:107552012-03-22T18:49:50.016ZMichael Grovehttp://letschangetheworld.ning.com/profile/MichaelGrove
<p>The Office for Budgetry Responsibility - <em>here in the UK</em> - has just <strong><a href="http://blogs.telegraph.co.uk/finance/jeremywarner/100015831/britains-post-war-tragedy-in-graphics/" target="_blank">published a graphic chart</a></strong> which <em><strong>details the reality of the financial chaos</strong></em> which we and our children and our children's children have to face - to overcome the mindset engendered in our nation by 13 years of middle-way socialist politics led by two…</p>
<p>The Office for Budgetry Responsibility - <em>here in the UK</em> - has just <strong><a href="http://blogs.telegraph.co.uk/finance/jeremywarner/100015831/britains-post-war-tragedy-in-graphics/" target="_blank">published a graphic chart</a></strong> which <em><strong>details the reality of the financial chaos</strong></em> which we and our children and our children's children have to face - to overcome the mindset engendered in our nation by 13 years of middle-way socialist politics led by two very rich lawyers and the self conceited man who convinced his people that there would be <strong>NO MORE BOOM and BUST</strong>.</p>
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<p>IF such an office were to exist in the USA - <strong><em>the same message of the graphic would apply</em></strong> - and the only way <em><strong><a href="http://letschangetheworld.ning.com/profiles/blogs/two-nations-divided-by-the" target="_self">both of our nations</a></strong></em> have managed to get away with this for so long is printing more and <em><strong><a href="http://letschangetheworld.ning.com/profiles/blogs/money-isn-t-wealth" target="_blank">more dollars and pounds</a></strong></em> and thus creating more and more debt.</p>