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Post by magellan on Feb 13, 2013 4:12:27 GMT
Karlox: The disconnect between cost and health care is well established. One way to assure value, is to spend your OWN money. When it is coming out of an account that you own, you will use that money wisely. When it is someone else's money....the attitude of "who cares" prevails. BINGO!
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Post by karlox on Feb 13, 2013 7:08:07 GMT
Karlox: The disconnect between cost and health care is well established. One way to assure value, is to spend your OWN money. When it is coming out of an account that you own, you will use that money wisely. When it is someone else's money....the attitude of "who cares" prevails. BINGO! 10% ;D
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Post by karlox on Feb 13, 2013 14:30:48 GMT
China may face a subprime-crisis up to 140,000 billion euros according to Spain´s economy magazine Expansion. How could this affect both US and Europe? Your opinion, please. Mind Google Translator for following from original article: quote The Chinese have funded trusts 140,000 million in subprime and CITIC financial group BBVA partner, has been the first to say it could not return the money to its customers. You can reedit the 'subprime crisis' in the second world economy. Municipal governments received those credits to build bridges and roads. Supposedly, paid with the income they would generate this infrastructure once it had finished. The reality however is that, according to HSBC's China economist Donna Kwok, half of the debt that local governments have obtained due this year and "60% of infrastructure projects are built not finish before next five years. " In other words, they will not be able to repay the money on time. Xiao Gang, chairman of Bank of China, asked in a letter published in the official press institutions evaluasen the enormous damage that could cause this discrepancy between debt maturity and the end of the works, which affects about 140,000 million euros as the online edition of 'Caixin'. This will not surprise most of customers who deposited their savings in the trusts. In China it is considered that the central government is responsible for local government and that banks typically provide loans, to be public, bow to Beijing's orders. The risk is theoretically zero. Or had been. CITIC, the largest national marketer and asset trusts BBVA partner, has announced that it is willing to cover the losses this time and which will simply sue governments that do not comply with the agreement. This means that unless there is a massive refinancing, savers would be left with virtually nothing. Serious consequences But the consequences go beyond a gap of 140,000 million in the accounts of hundreds of clients. According to Kwok, "if not carried out a refinancing of these products and investor confidence suffers them?? can disrupt the flow of credit. " Investment in infrastructure, primarily oiled debt represents 50% of the Chinese economy. In fact, both HSBC and the World Bank consider that much of the growth of the Asian giant in 2013 depends on maintaining the pace of investment. Local governments have little room to refinance and pay even less for what they paid in a timely manner. Specifically, according to the official Xinhua news agency debt has reached $ 1.6 trillion and has become "a time bomb." The reason I turned to the trusts was precisely the growing distrust of banks and prohibition, with rare exceptions, to issue bonds. For Kwok, the bankruptcy of local governments is virtually ruled out. Most likely, he says, is that local governments "extend their maturities, allowing them to issue bonds or having to sell assets." Beijing has shown this week that will not let them fall by announcing a plan of 19,000 million for build highways and country roads and accelerated approval of infrastructure projects in the last five months. unquote www.expansion.com/2013/02/12/empresas/banca/1360683089.html?a=f9b8b275829d22ba4e142cb6bec622a7&t=1360765592
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Post by sigurdur on Feb 13, 2013 19:07:34 GMT
China is a much more stable economic climate than either the USA or Euro at this time.
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Post by karlox on Feb 13, 2013 19:16:29 GMT
China is a much more stable economic climate than either the USA or Euro at this time. True, but they´d have to undertake enourmous social reforms, start assuming dumping cost (both social and enviromental) and are very likely to be affected and harmed by either a dollar or an euro crisis. A rapid devaluation or default of dollar will inmediately empoverish dozens of millions of chinese... remember who´s been putting money for feeding US eagerness for printing money, at close to 0 interest... and that Chinese BOD and CEO of PC ltd. play with chinese people savings for free funding... North Corea is unpredictable... Chinese leaders are playing more and more very nationalistic... Ask Japanese about it... Ask Vietnam... Taiwan,,, Not sure they´re you Sure, and neither are we!
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Post by sigurdur on Feb 14, 2013 2:09:02 GMT
China's mindset is to not spend a lot of money on the military, but rather procurring needed resources.
Their investment is evident in Brazil. The USA used to be a major player. No longer. China has totally outstripped the USA in that country.
China wants their soybeans/iron etc. And now, they are getting them.
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Post by Pooh on Feb 14, 2013 5:19:53 GMT
If you want America to fail, brainwash its citizens to believe that the United States of America is a Democracy. It is not, by design based upon lessons of history.
The United States is a Constitutional Republic. Its citizens elect representatives, senators and an executive.
As James Madison observed in Federalist #10 (Pg 133): "Hence it is that such democracies have ever been spectacles of turbulence and contention; have ever been found incompatible with personal security or the rights of property; and have in general been as short in their lives as they have been violent in their deaths."
Some politicians flaunt the Constitution's grant of limited powers, and some academics think the Constitution is obsolete. "/The best lack all conviction, while the worst / Are full of passionate intensity./" ... "/And what rough beast, its hour come round at last, / Slouches towards Bethlehem to be born? / (Yeats)
Hamilton, Alexander, James Madison, and John Jay. The Federalist: The Famous Papers on the Principles of American Government. MetroBooks (NY), 2002.
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Post by karlox on Feb 14, 2013 10:09:00 GMT
If you want America to fail, brainwash its citizens to believe that the United States of America is a Democracy. It is not, by design based upon lessons of history. The United States is a Constitutional Republic. Its citizens elect representatives, senators and an executive. As James Madison observed in Federalist #10 (Pg 133): "Hence it is that such democracies have ever been spectacles of turbulence and contention; have ever been found incompatible with personal security or the rights of property; and have in general been as short in their lives as they have been violent in their deaths." Some politicians flaunt the Constitution's grant of limited powers, and some academics think the Constitution is obsolete. "/The best lack all conviction, while the worst / Are full of passionate intensity./" ... "/And what rough beast, its hour come round at last, / Slouches towards Bethlehem to be born? / (Yeats)
Hamilton, Alexander, James Madison, and John Jay. The Federalist: The Famous Papers on the Principles of American Government. MetroBooks (NY), 2002. Concept of any country being labeled as ´democratic´ or ´totalitarian´ was widely accepted perhaps sometime between WWI and WWII, but was not assumed as a form of State Organization by the time USA Constituion was drafted. Currently I would speak of a country being more or less democratic, based first on basic rights compliance (freedom of speech, freedom for religions or beliefs, etc) rather than government organization. From my point of view ´democratic´index (¡) of both Europe and USA is dropping quickly. Both in Spain and USA society is much more plural and colourful than what their representatives look like. Sovereignity, both cases, has been kidnapped by finantial and big pressure groups such as Weapon Industry (War Industr) Yet most people seem not to care... Belief both cases drastic changes would help society to dare to take a big jump forwards assuming duties and sacrifices if needed by their own sake and future generations. Most Probably it is our Bi Party System and electoral laws what should be reformed for triggering needed changes. Most decissions affecting our lives have and are been taken without any possibility of control by you or me as citizens Power is too unbalanced, Capital is too high and virtual and unreachable and rapid, we give control of our life to our banks (pensions scheme, savings, loans), but have no control of what the loose cargo in our ship is doing. Democracy is mockery nowadays, let´s say it while we keep the right for doing so.
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Post by magellan on Feb 14, 2013 18:16:44 GMT
China is most definitely increasing their military spending by leaps. The U.S. spends a LOT on personnel including retirement and other benefits. China? If 1,000 drop dead they've got 1,000,000 to replace them, just like their coal mines; human life means nothing to them. www.businessinsider.com/china-military-spending-projection-2013-1China's military budget has been exploding and could soon pass the US military budget in just over two decades.
milexdata.sipri.org/result.php4Russia is also increasing their military spending tremendously.
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Post by sigurdur on Feb 14, 2013 20:30:47 GMT
Magellan: IF the USA keeps spending on military budgets at current levels with the current debt we have, it won't make a hill of beans diff in two decades.
China will own us.
China still spends WAY less money than the USA does.
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Post by sigurdur on Feb 15, 2013 2:29:49 GMT
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Post by Pooh on Feb 15, 2013 5:59:02 GMT
Karlox: "Yet most people seem not to care... " Method: Propaganda Exemplar: Volkischer Beobachter
"Most decisions affecting our lives have and are been taken without any possibility of control by you or me as citizens." This is known as "Progressivism". Laws by elected legislators; interpretation by administrations; rules by bureaucrats.
Constitutional Design: "We The People" grant certain powers to the Federal government, deny other powers to that government and reserve other powers to the States. Current implementation: Rule by executive order, currently one King George XX.
"totalitarian" Formerly known as "tyranny", of which there is much discussion in The Federalist Papers.
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Post by karlox on Feb 15, 2013 6:52:07 GMT
Sigur, this is a poissoned link of somekind... for 3 times Norton Id Safe crashed and had to restart my labtop... That´s a liberal attack for sure! ;D
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Post by karlox on Feb 15, 2013 7:00:27 GMT
Pooh! Very illustrative example of yours! scary indeed! Attachments:
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Post by karlox on Feb 17, 2013 10:28:44 GMT
by JEAN PISANI-FERRY 17 FEB 2013 - 00:00 CET, EL PAIS - OPINION economia.elpais.com/economia/2013/02/15/actualidad/1360943867_278141.html"A strong euro: false fears and real dangers. French leaders, headed by François Hollande, are alarmed by the rise of the euro. Their German counterparts replicated is not overrated. Who is right? The issue is complicated enough to warrant a response in several times.First, what do the numbers say? To $1.35 per euro, the European currency is still far below the 1.55 dollars in the spring of 2008. About 20 members of the eurozone, and once corrected the related inflations, change is much lower than in 1994-1996 and 2006-2008. Berlin is right: there is no why be alarmed.Second, what is the trend? To statements made by Mario Draghi on Thursday, February 7, the appreciation was clear: in July 2012, the euro was at $1.20. Upward is explained in part by the recovery of trust that benefits the eurozone and the return of capital, especially Americans, who had fled from her. The underestimation reflected a sign of the Division of monetary union. Not regretted to be corrected.Third, there is a risk of the currency war? It is true that the crisis has changed the central banks. In the fall of 2011, the Swiss National Bank set a limit on the exchange rate against the euro. In December 2012, the Federal Reserve announced that it would keep the interest rates to zero while the unemployment rate continue being greater than 6.5%. In January, Prime Minister Abe ordered the Bank of Japan to reach the 2% inflation and told the Governor that he held him accountable quarterly results. And last week, Mark Carney, who in July will take the reins of the Bank of England, said that current concepts of monetary policy deserve to be discussed. None of these decisions formally ends with the primacy of price stability that predominant since the 1980's, but all of them reflect the increase of other concerns and the acceptance of some risk of inflation in the prices of goods or assets.Like many continental economies, the eurozone is relatively little open: exports and imports a quarter of its PIBCuarto agenda, will pay the price of orthodoxy the eurozone? The financial crisis, and then against the euro, the European Central Bank (ECB) denied the cartoons showing bold. But although he has not hesitated to provide liquidity to banks and in combating the fragmentation of the eurozone, has been more traditionalist in terms of macroeconomic stimulus. Increasing the size of its balance sheet should not be misleading: its purpose is not, as the Federal Reserve, recover the economy, but mitigate failures in the interbank market. In technical terms, the ECB carried out a policy of unorthodox liquidity, but monetary policy remains rather Orthodox. In addition, the more put into question hawks of the Bundesbank actions carried out to preserve the integrity of the eurozone, more forced Mario Draghi is seen to be strict with regard to inflation. Hence, there is a risk in the Exchange, other central banks are today less meticulous.Fifth, would an overvalued euro serious? Like many continental economies, the eurozone is relatively little open: exports and imports on the order of a quarter of its GDP. The impact of variations in the change is therefore limited. However, is an economy divided in two, between a prosperous North that touches the full employment and a South plunged into a deep recession. This may not last long. Now, both Zsolt Darvas of Bruegel, and Gian Maria Milesi Ferretti, of the International Monetary Fund, have shown that the recovery of the South could not occur only with respect to the North: to wipe their deficits and rebuild its economy, Spain or Italy - and France-have to export more to the outside. A euro at $1.50 would threaten this rebalancing.Sixth, what to do? The idea of a policy change of the euro which dominate monetary policy is an old French dream that Germany has truncated from day one: the primacy of the target on the external lens is constitutive of the euro. Statements of the G-7 or G-20, even interventions agreed in the markets, can only be effective if corrected some wrong perceptions; they will not serve anything if estimates of divergence in monetary policies are justified.The real hope is the first that the ECB takes into account the change in its assessment of the economic risks. You can still lower rates and Mario Draghi has not ruled out it. Then, central banks have to agree about the acceptable degree of differentiation of their policies, but must remain consistent enough with each other to not give rise to a war of coins. That is less secure because, although they have managed to coordinate more than 20 years, all these institutions are politically weakened. Between them both in the bosom of a G-20 developing accelerated decline, the foundations of international cooperation are torn down. There is the real danger"
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