Article

2009-01-25 Britain

There's no new motor to drive the economy

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Posted by Fred 2009-01-25 00:00|| || Front Page|| [11127 views ] Top

#1 Everytime I hear 'It's different this time', I'm more convinced it isn't.

Posted by Mike N. 2009-01-25 01:06|| 2009-01-25 01:06|| Front Page Top

#2 Link circles back to Rantburg, Fred.

Posted by Barbara Skolaut">Barbara Skolaut 2009-01-25 01:52|| http://ariellestjohndesigns.com/]">[http://ariellestjohndesigns.com/] 2009-01-25 01:52|| Front Page Top

#3 We were living beyond our means and must now reduce our expectations

It was especially true of governments across most of the world. Their reaction has been to go on a spending spree without historical precedent.

2009 will be the year governments run out of money.

Posted by phil_b 2009-01-25 03:08|| 2009-01-25 03:08|| Front Page Top

#4 Link

Posted by tipper 2009-01-25 05:20|| 2009-01-25 05:20|| Front Page Top

#5 We were living beyond our means and must now reduce our expectations

If "expectations" as it is used in this context refers to unearned entitlements, then I fully concur.

Posted by Besoeker 2009-01-25 07:33|| 2009-01-25 07:33|| Front Page Top

#6 must have missed the news about the quantum revolution, Fox is reporting today that;

Scientist Teleport Matter More Than Three Feet
Friday, January 23, 2009

Teleportation on the big screen in 1979's 'Star Trek: The Motion Picture.'
Scientists have come a bit closer to achieving the "Star Trek" feat of teleportation.

No one is galaxy-hopping, or even beaming people around, but for the first time, information has been teleported between two separate atoms across a distance of a meter about a yard.

This is a significant milestone in a field known as quantum information processing, said Christopher Monroe of the Joint Quantum Institute at the University of Maryland, who led the effort.

Posted by Spiny Gl 2511 2009-01-25 08:20|| 2009-01-25 08:20|| Front Page Top

#7 Of course there is: it isn't being considered.

Our federal government has been imposing tax increases on business in the guise of implementing regulations and unfunded mandates. Every time Congress passes a law adding a regulation or a new restriction, someone has to pay more for something outside a normal supply/demand event.

That is an unseen tax that has been building for 20+ years in this country.

Remove/cut these regulations and the economy will grow, free from inflation or deflation.

Wanna know why 45 million do not have health insurance in the USA? You need look any father then federal regulations which drive up costs unnecessarily and prevents businesses from entering markets to address cost increases.

Posted by badanov 2009-01-25 08:44|| http://www.freefirezone.org]">[http://www.freefirezone.org] 2009-01-25 08:44|| Front Page Top

#8 I guess we'll have to wait for India to start the third industrial revolution.

Posted by g(r)omgoru 2009-01-25 08:46|| 2009-01-25 08:46|| Front Page Top

#9 In this case, the difference is in the definition of what "expectations" means. If it means living within a budget, then the answer is yes. But if it is some Al Gore fantasy about the government having to ration everything, then the answer is no.

Our "real" economy of goods and services needs to be rebuilt, after having been outsourced. And this is where our recovery will happen. But it can't happen until the leverage economy dies. It can die on its own or be killed, but "leverago delanda est".

The future will be like the past in the truism, "If you need a loan, you cannot afford it." For years, 100% collateral on credit will be the rule.

On a personal level, this can mean something like a "credit-debit card", which is a debit card that behaves like a credit card--or an instant personal check.

You set your own limit by however much you put into your account, then once a month you receive your bill of how much money you need to send in to restore your limit.

In exchange, you get a percentage of the interest the credit-debit company can make with your limit, plus discounts from retailers because it is much more secure than credit cards. This would give you a much better yield than you could get through a bank.

Posted by Anonymoose 2009-01-25 09:28|| 2009-01-25 09:28|| Front Page Top

#10 From Traffic:
The percentage you're paying is too high-priced
While you're living beyond all your means
And the man in the suit has just bought a new car
From the profit he's made on your dreams
But today you just read that the man was shot dead
By a gun that didn't make any noise
But it wasn't the bullet that laid him to rest
Was the low spark of high-heeled boys

Posted by Deacon Blues">Deacon Blues 2009-01-25 10:54|| 2009-01-25 10:54|| Front Page Top

#11 On the other hand, bad as things seem now, they could be a lot worse.

Posted by g(r)omgoru 2009-01-25 11:31|| 2009-01-25 11:31|| Front Page Top

#12 On the other hand, bad as things seem now, they could be a lot worse.
Yes g(r)omgoru, we could have the collapse of capitalism.

Posted by tipper 2009-01-25 11:50|| 2009-01-25 11:50|| Front Page Top

#13 A key difference between a centrally directed economy and a free market economy is the concept that in the former you can create evermore bureaucratic government job opportunities to micro manage the system, in the latter you just let the people keep their capital derived from their sweat, labor, and enterprising skills and spend it on what ever they want. While both will create jobs, the latter model usually creates jobs which in turn create more jobs [other than just more lawyers].

Posted by Procopius2k 2009-01-25 11:51|| 2009-01-25 11:51|| Front Page Top

#14 For years, 100% collateral on credit will be the rule.

Jeebus... when was that? That's horrible!

Posted by .5MT 2009-01-25 12:41|| www.cybernations.net]">[www.cybernations.net] 2009-01-25 12:41|| Front Page Top

#15 My apologies 'Moose it sez, will be the rule"

Humm...

Posted by .5MT 2009-01-25 12:42|| www.cybernations.net]">[www.cybernations.net] 2009-01-25 12:42|| Front Page Top

#16 Frankly (can I say that?) I'm willing to loan any RBeee particiant 100% of their cash balance right now, no questions asked. 2% per annum. I will need to hold on to the dough for the length of the loan. Still, NO LIMIT, NO CREDIT CHECK!

Posted by .5MT 2009-01-25 12:46|| www.cybernations.net]">[www.cybernations.net] 2009-01-25 12:46|| Front Page Top

#17 Thanks, Ship. I could use a little low interest debt to fund my flu research.

Posted by Mike N. 2009-01-25 13:10|| 2009-01-25 13:10|| Front Page Top

#18 On the other hand tipper, compare Israeli (or Indian) economy now and 20 years ago.

Posted by g(r)omgoru 2009-01-25 14:11|| 2009-01-25 14:11|| Front Page Top

#19 It is a fait accompli, the ARE communist now.
If they don't reverse the trend in the next couple of years, it will be permanent.

Posted by bigjim-ky 2009-01-25 18:21|| 2009-01-25 18:21|| Front Page Top

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