son of witless

Does anyone remember during the Reign of Obama the not so Great, all of the Liberals lecturing us regular people about how much gooder the Europeans were than us Americans ? Their managed Green Economies were kicking our butts. Liberals told us that we must become like the Europeans and embrace G****l W*****g Protection Green economies. So how is that working out for those Green Europeans ?

Well at least for Germany, not so hot. Trump is looking pretty good right now, eh . In the middle of a trade war with Red China the US still had a 2.1% growth rate for the second quarter.

https://www.bbc.com/news/business-49342012

RT friend Loc: Kangaroo valley NSW Australia

Germany believes in budget surplus, this is always guaranteed to ensure a soft landing as speculative collateral comes to a close, and if it doesn't well that doesn't matter either, everything will be still holding together, not gone overseas, depends on what a future collapse is or isn't, buy a 100 year bond if you think a collapse is coming, might not be much of an interest rate now and even worse resale, but if a serious collapse does happen the interest on that 100 year bond will be hummmmm, I'm not sure, but the resale will be astronomical.

son of witless

I do not fault Germany for their budget surplus. It is all of their other economic green policies I detest. The fact is the whole EU is not growing. The green Socialist stupidity means their investors are flocking to the US debt market because they have zero or negative interest rates. They are desperate to do anything to create demand, except 86 their i***tic policies. So their money is flowing to the US. I wonder wonder wonder why ? DUHHHHH.

Good old Capitalist America is the only game in town, and that while we are in a trade war with the Evil Red Chinese. Only Capitalist America would dare take on China. Not the wimpy panty wuuse Germans or the rest of the Socialist Europeans. They are getting screwed by China too.

RT friend Loc: Kangaroo valley NSW Australia

If resources are finite and ambitions are infinite there has got to be a t***sformation of "if only" coming to pass by holy s-+t., but probably too late now, so I agree in fact and disagree in principle, although the coming ice age could still balance the carbon if we all acted immediately, not to say that it would help, but it could.

Holy is what people hold dear to justify their ambitions, it's much more ideology and raw politics than Religion.

That's why Germans are green, pity the left is agnostic and without ethical understanding, and the German A****a are the same but in a different way, I was always green, consumerism is frivolous garbage except for motorbikes, but I would go electric, just hook up a few more solar panels, it's the price of an electric bike that would hold me back, not the note of the exhaust pipe, - that would be frivolous thinking right?

The EU made it illegal for the Central Bank to buy worthless collateral and bonds from provincial banks and private companies so that changed a bit in 2015 when they started buying garbage but only conditionally, so their banks are in better shape than the US except for Deutsche but even the Deutsche share price is increasing after everyone was saying it's about to collapse.

But I think you could be right about long term US being the only safe haven if China doesn't detonate the entire Global economy and crash fiat currency entirely, Japan is a potential safe haven still because they own most of their own debt, and the EU, if Germany keeps manufacturing, will bounce back some day, then the US could get some rest but everything is conjecture, emerging markets are highly prized and come from indebtedness, that's true too.

son of witless

I listen to financial experts who are non political. Yes you can find them. According to them the real trouble Globally is Europe. Europe is a black hole. It refuses to get better. The US and China are scaring the begeezes out of everyone, but Europe is the sick man of the World. Europe is paying negative interest. Nothing they do has worked.

So I ask what is going on in Europe that is different from North America and Asia ? I am open to correction, but I say it is either Socialism, G***n E****y, or both.

RT friend Loc: Kangaroo valley NSW Australia

I listen to "boom bust" on RT, it's good now, there was a dramah queen anchor man Bart Chilton over doing everything so I said a few prayers and he passed away that's probably how boom bust got connected with good information, God called him up so there in no mixed up communications with me.

Boom bust say a World wide recession in 8 to 12 months, mainly because the bond market in the US has inverted, but maybe that doesn't matter much since money printing became fashionable.

However Europe will probably start Easing and prop up their bond market so then hot money flows will reverse out of the US because Europe is not as indebted as the US.

US debt to GDP ratio is 109•45%
Japan is ----------------------234•18%
Germany is ---------------- 55•75%
China ---------------------------. 54•44%
Australia is ----------------- 41•05%

That's 2019 figures.

It's not only Europe, Argentina released a 100 year bond, that was 2017 it's worth about half its value now, and the bush fires in Brazil , no greenies there and Brazil is likely to go down hard.

I think it's the two financial camps one hard line for and one against against austerity, Trump is for austerity over there not over here, and he lets everyone know that's what he figures.

Clinton was anti-Russia and against China now they want the US to prop up Europe and give up on China, so they shifted away from Christine Lagarde's policies, and want to pork barrel the economies with more debt helping the lower middle and middle income earners.

China is the key, Britain wants China to smash the Hong Kong protesters and the US to pull out all stops over China, that's a sure way the Conservatives can hold to Government, provided the US can scare the beegzes out of the Chinese.

It's not really an economic recession coming up , if one is coming up, it's a political recession, if Trump agreed a trade deal with China tomorrow investment in everything would go through the roof.

son of witless

If you predict the end of the world, guess what, one day you will be right. At some point a recession is inevitable. The relevant point is will it happen in time to throw the e******n to the Democrats? I truly don't know, but presently it is not likely.

The inverted yield curve is more about Europe and not America. Europeans are begging for our debt. Begging for it. Their green Socialist economies are stalled. If you are a European Pensioner or Pension Fund, where can you get any yield at all ? The US debt market.

Back to my central point. Western Europe is run by people who think like Obama. If Hillary had won, we would be as pathetic as Europe is.

RT friend Loc: Kangaroo valley NSW Australia

I believed Hillary threw the e******ns because she was ordered too, so Trump could weaponise the USD and create a possible new world order, but if the Dems are believing that Trump has failed they wouldn't be running with Biden because he would continue along the same forign policy lines as Trump, maybe not as severe but that close it wouldn't make any difference, so Bernie Sanders is out, looks like, and he was the only candidate who could have reversed Trump's foreign policy, so I guess I was wrong about Hillary losing on purpose, I'll get over it eventually.

Or maybe Henery Kissinger and crew still believe Trump can pull it off, refusing to give up on their dreams.

That's the Obama line in Europe I agree there, but Obama and Kerry were willing to begin NATO bombing in Syria Britain said no and the others wouldn't even consider it, that's when Europe started leading and the US started following, Boris, and Modi plus the Hong Kong protesters are challenging that order and Trump is offerring them sustenance by selling arms to Taiwan.

Your right the yield curve has inverted in the US but not by much, and with 2 •10 % positive for the 30 year, the US bond market has got a way to go with only 16 months to k**l. Although the 5 year is only 1•5 % so people feel the extra long term is secure but the immediate future is not so good, while the 3 month bond is 1•98 % so tomorrow is slightly "not" OK.

The green socialist economies have stalled, in economic terms that is the only way in Capitalism that wealth can be redistributed creating impetus for monopolies to be broken up, avoiding a Plutocrasy, I think personally, it depends on where the central authority of Government puts its weight is what determines whether it's good or bad.

A new social order usually comes with crashes in the political economic spectrum Trump is pushing a revision of the McCarthy era, that's his failure, and the Dems are behind a weird social ethical society, neither has credibility.

Xi Jinping can end it all any time, Chinese companies are ramping up spending like in 2009 using credit more than US regestered companies, they can go much further and collapse everything go bankrupt cancel all their debts and keep working, but does Xi Jinping want to a rational alternative to Trump, probably not, but Taiwan and Hong Kong come first for the Chinese.

son of witless

We are in a kind of Cold War with China. It is different than the one we had with the Soviets. Cold wars are economic and military. In some ways Cold Wars are not all bad. The alternative is a hot war.

Powerful nations have always competed and will always compete. All of this bunk of the Hippies thinking the world will one day will be all peace and love, will never happen. The best that can be hoped for is small limited wars.

Korea, Vietnam, and Afghanistan in the 80s, were small limited wars where us and the Soviets could compete without ending the world. Our Cold War with China, is all economic right now. With the Soviets, their political and economic system always failed them. Their only hope of beating us was in a shooting war.

We have almost, not quite the same advantage over the C*******t Chinese. They need to oppress their people to remain in control, just as the Soviets did. Their freer economic system means that financially they can survive better than the Soviets did, but in the long run I believe they must collapse. We can beat them as we did the Russians. Hopefully it will not take 70 years.

The Chinese C*******ts are just as corrupt as the Soviet leadership became. The Chinese C*******ts are the nobility. The bosses children are princes and princesses. Chinese Oligarchs at some point will resent the power of their C*******t masters and they will have the money to resist and fight.

Back to my original point about Europe. China and Asia matter. The US and North and South America matter. Europe does not matter. They are used to wusses. Through Green Socialist Stupidity they are committing economic and cultural suicide. They are lucky to have us. If not their languages and history would be dead and forgotten in a few centuries.

RT friend Loc: Kangaroo valley NSW Australia

That's the same talking points of everyone on OPP, probably even Sanders would agree if he was ever elected President, not before, Trump, Obama infact every recent President ran on a International Peace platform but dropped it soon after. So because this is now realised the e*****rate is just beating Trump and Biden or whoever to the sucker punch.

The world is dividing between the producers and the financiers, notice the South Korean dispute with Japan. EU and Britain, the financiers might not win.

How the US could go from financier to producer in case the system implodes would be bipartisan agreements on a willingness to share the enormous burdens and not rehashing stories about the past that everyone agrees with anyway, history is written by the victor and the victims who caused the victories are buried in the past only if the present delivers what it promised.

Everyone agrees, except me of course, I'm a Theological Stalinist..

The fact is China and Russia were promised a rosy future and thought they would be accommodated like Japan was after the war, however, although the system can have many captains the system itself runs on creating scarcity, too many wealthy nations means not enough poor ones.

I agree limited engagements are inevitable, Star Wars are threatoning
a new frontier, silly rubbish, missile technology will cancel out air supremely and partisan war will be the future, it's probably here already so we won't have long to wait to find out more.

son of witless

" I'm a Theological Stalinist.. "

I am somewhat of an authority on Stalin, but I am clueless on what you.

I find C*******m in Russia and China to be interesting. In some ways the C*******ts in both countries are mere continuations of previous governments.

Stalin governed very much like a Czar. His secret police was a copy of the old Czarist security forces which had oppressed him. The Chinese C*******ts act like the old Chinese Emperors. Even as C*******ts they know Chinese history. In the early 1400s China was the richest, most technically advanced nation on earth.

A combination of a new Emperor taking over and pressure from northern barbarians caused them to squander that advantage and 4 centuries later they were reduced to a living corpse that the Europeans, Japan, and America tried to dismember.

If only we Americans remembered our history as other nations know theirs'.

RT friend Loc: Kangaroo valley NSW Australia

Have you read Christopher Read? History Professor at Warwick Uni. I haven't been taking much interest in the subject lately, but largely if I remember right I'd pretty much agree with his analysis if I got motivated again.

Stalin brought back the Church and gave up on a lot of new wave greater family stuff, that's what Trotsy got upset about and it was his own fault he was assassinated, but the assassin unfortunately used an ice pick to do him in, and it was that which prompted the Left in the West to go cold on Stalin, something I could never figure out, all my friends from the early days in the Australian C*******t Party all became Trotskyists, in later years when the Party was defunct their Movements were still going strong because they had the homosexual thing and extreme Keynesian economics, which was why.

People don't realise it now, but that's where Modern Monetary Theory came from and its what fiat currency with fractional reserve electronic banking has become in the US and China.

Your right about the 15th. Century China as the beginning of China's isolation and poverty, the Confucius Bureaucrats o*******w the Ming Emperor in the mid.17 th. Century but the Bureaucrats sabotarged China at the end of the 15 th. Century and said "everything we will ever need is right here in China", so they burned all the books, sunk all the ships.

Japan became no.1 shortly after that and led to the 100 years of humiliation, which is why the Chinese are not put off by Authorities with Emperor like qualities, but also the C*******t era in China was a drive for e******y so a technician was happy with renumeration at the same level as a bus driver until 1976 when Mao Zedong died, then they gave up on that but kept the ideas that really were Ming rather than C*******t, the Ming Emperors began as peasants and o*******w the Mongols.

Chinese are very disciplined keeping the State as subliminally sublime something seen as inner, and Confucius as outer, meaning cheap and nasty but useful merchant.

son of witless

I am a voracious reader, , , or I used to be. Now my concentration is not the same. Either a person is an interesting writer or they are not. I looked up and read pieces from Stalin and Trotsky. Stalin is a competent, but boring writer. From his biography I had expected him to be a poorly educated ogre. He is more of a bureaucratic thinker. That made him a ruthless opponent for Trotsky and the others once Lenin passed. He knew better than anyone how to operate the levers of power. Stalin only brought back the Church during early WW2 when the USSR was close to collapse. After the crisis passed, the Church was once again crushed.

I found Trotsky to be a very good writer. If he spoke as well as he wrote, I can see why he would attract a lot of student idealists. When it came to the workers struggle, naturally he had a blind spot, but I once read his analysis of the history of the British Empire, and I thought it was excellent.

RT friend Loc: Kangaroo valley NSW Australia

Had a bit of a browse through "Magnetic Mountain" I seem to remember Kotkin making a lot of references to personal issues going on between boss and workers but could find what I was looking for.

Far as I know there was no legal changes between 1936 and 1976 the Constitution of the Soviet Union was unchanged during that period, there was no Constitution before that..

Far as I know it was one of the first Constitutions that guaranteed women's suffrage and political rights unfortunately it conincided with the great purge and probably was a result of a the purge, Stalin stood by and watched it happen, when it was running out of steam he wrote his Guidy with Success polemic and blamed a little guy, pure genius.

Stalin was seen as the great leader after that because he did succeed where Robespierre had failed, Stalin stopped a terrible inquisition, it was mainly about the people being offended by a boss from Moscow kicking doors and demanding the turnips be weeded by a certain time.

Kotkin is fully anti Stalin but if you read Magnetic Mountain it's hard to believe it's the same person.

I think Trotsky was a follower of Lenin who used the Peasants to oppose the workers, so when Stalin used the Workers to oppose the Kulaks and collectivise agriculture with his 5 year plans Trotsky backed the wrong team then tried virtue signalling to justify his mistake, how ordinary.

Good post.

son of witless

I an not familiar with Kotkin.