Fareed Zakaria: Wouldn't John Maynard Keynes say that if you could employ people to dig a ditch and then fill it up again, that's fine, they're being productively employed, they'll pay taxes, so maybe the bigger - maybe Boston's big dig was just fine after all.
Paul Krugman: Think about World War 2. That was not - that was actually negative social product spending, and yet, it brought us out. I mean, probably because you want to put these things together, if we say, look, we could use some inflation. Ken and I are both saying that, which is, of course, anathema to a lot of people in Washington but is, in fact, what basic logic says. It's very hard to get inflation in a depressed economy. But if you had a program of government spending plus an expansionary policy by the Fed, you could get that. So, if you think about using all of these things together, you could accomplish a great deal. If we discovered that space aliens were planning to attack and we needed a massive buildup to counter the space alien threat and really inflation and budget deficits took secondary place to that, this slump would be over in 18 months. And then if we discovered, oops, we made a mistake, there aren't any aliens, we'd be a better –
Ken Rogoff: And we need Orson Welles, is what you're saying.
Paul Krugman: No, that's a – there was a "Twilight Zone" episode like this in which scientists fake an alien threat in order to achieve world peace. Well, this time, we don't need it - we need it in order to get some fiscal stimulus.
Sunday, August 14, 2011
A video from "Awakening As One" suggested a fake alien invasion for September/October of this year. I was amused to hear Nobel prize winner Paul Krugman suggest this same thing today on CNN.
Monday, April 25, 2011
A note from George Ure this morning, the web bot project is predicting that this week is the week that everything (financially) starts to blow up. According to Ure,
Because the word amongst time monks as the weekend closed up was that today, or tomorrow, is turning into the odds-on favorite for a restart of the global financial collapse.This is based on two things, the price of silver (now approaching $50/oz) and
One of the last temporal markers before that event fires off should be the discussion in national media of "bulldozing homes" and sure enough, the last linguistic tumblers have fallen in that lock with discussions, among others, of "Owners protest UDOT bulldozing homes in WVC" and some discussion of tearing down excessive housing on a segment on one of the financial talking-heads channels.Standard caveat applies
So, when silver was up earlier, as much as $3.42 an ounce to $49.85 at KitCo (chart above on the UrbanSurvival.com site), word among time monks was that it's indicative of very high immediacy values that are piling up and further: today and tomorrow is likely to "...cause 'consternation among 'authorities' relative to financial abstractions such as derivatives..."
The financial world doesn't end this week. Nope - gonna stretch out a good while because the next thing along to club you're personal net worth and retirement dreams will be...
"...May 7 through 9 are a trifecta of perfect storms. Would not find it surprising to see the FED cabal in some major announcement desperate to stave off globally affecting default...."
The bad news? Oh, that, according to word among the time monks, will be the partial collapse of government functions that accompanies that kind of financial displacement and follows (as night does day) the costs of the coming 'fed-saves-world' attempt start sinking in.
For those not familiar, this outlook is not financial advice. It's an expectation-set based on a new science of predictive linguistics pioneered by Clif High of www.halfpasthuman.com.To balance the arguement, Karl Denninger at Market-Ticker comments about the rising price of silver.
The problem ... is that the premise in buying something that guards against debasement is that you do not want anything that has leverage inherently in it. ... If we go against the dollar itself (/DX) it's a ~4% move. Predicated on that Silver is geared at TWENTY FIVE TO ONE.In a later post in the same thread he adds
They are exhibiting insane leverage, which is NOT what you want in such a hedge. They are speculative and levered instruments, which make them EXCELLENT trading vehicles but a terrible means of "protecting" one's wealth.Whatever happens, tomorrow's first-ever Federal Reserve press conference should be interesting.