The recession is over.

[Therooster]

Dear Mr. Delusional #2,

I've provided you with concrete facts from very credible sources indicating that global hydrocarbon production has peaked. Again, please can explain to me how you plan on maintaining economic growth under conditions where oil production is declining at 2.2 mbd per annum? I'd like to see you try. Honestly. I find it mildly amusing that the sheeple persistently fail to realise that sustainable economic growth is in fact an oxymoron.

The bottom line is that, unless we adopt an entirely new economic model that is not based in perpetual debt driven growth, then our society is bound to fail. Plain and simple.

Oh no...now the current money as debt model of economics is indeed due to fail due to stagflation. Different debate. But to say that because we can't harness archaic energy methods such as that from ancient dead carbon matter forever therefore we are doomed...that's silly. There are countless ways to harness energy and get off the grid tomorrow as a society if we put a little effort into it.

 

[zippy]

if criminal activity is so signficant that if influences your country's GDP, then recessions and depressions are the least of your worries,.

 

[Therooster]

if criminal activity is so signficant that if influences your country's GDP, then recessions and depressions are the least of your worries,.

Other than violent crime and rape (which hardy ever affect white people anyway) there is nothing abnormal about South Africa's criminal activity. The states has more per capita vehicle theft..Australia has more house break in's. The drug and prossie scene here is small compared to most countries (if you dont believe me go hang out in south american or south east asia r the REAL africa.)

So all I have to say to you is...what a drama queen !

 

[zippy]

Other than violent crime and rape (which hardy ever affect white people anyway) there is nothing abnormal about South Africa's criminal activity. The states has more per capita vehicle theft..Australia has more house break in's. The drug and prossie scene here is small compared to most countries (if you dont believe me go hang out in south american or south east asia r the REAL africa.)

So all I have to say to you is...what a drama queen !

was merely commenting on previous posts which presumed that crime could have made such a difference. I dont believe that it did, but happy to be a drama queen if you want me to be one

 

[Morgoth]

Other than violent crime and rape (which hardy ever affect white people anyway) there is nothing abnormal about South Africa's criminal activity. The states has more per capita vehicle theft..Australia has more house break in's. The drug and prossie scene here is small compared to most countries (if you dont believe me go hang out in south american or south east asia r the REAL africa.)

So all I have to say to you is...what a drama queen !

in what SA are you living, funny that I can find at least 4-5 of those Articles on a good day in the news paper...It is one thing to say our crime is more or less the same as in the rest of the world... but to live in ignorance? comon now...

 

[Kokop]

Stats, and all that jazz!

FromFin24:


Earnings from prostitution (personal services) and cannabis (agriculture) are now included in GDP ... just wondering how Stats SA fathoms figures for those industries. Put it in a fishnet and smoke it? But it should give the doddering ole GDP a leg up. Ready, stats, magic ... let the good times roll!

http://www.fin24.com/articles/default/display_article.aspx?ArticleId=2561473

Now that is interesting, thanks for the link, many interesting comments on that article.:erm:

 

[WilD_CaT]

Just to be clear, recession is defined as declining GDP for two successive quarters. So even if it s only 0.9% growth its positive, means we have moved out of the recession. To re-enter we need to have a declining GDP for quarters four (2009) and one (2010) which is quite unlikely with the world cup happening next year.

Heres an article confirming HK, Germany and France exited the recession in the 2nd quarter.

Yes the 2010 World Cup is gonna keep up us going but its not like its sustainable. The spending that takes place in 2010 is not gonna happen every year.

Could be that the real bite of the recession may only hit us in 2011, or if people save over next year then they might be in a good position once all the foreigners go home.

Dear Mr. Delusional #2,

I've provided you with concrete facts from very credible sources indicating that global hydrocarbon production has peaked. Again, please can explain to me how you plan on maintaining economic growth under conditions where oil production is declining at 2.2 mbd per annum? I'd like to see you try. Honestly. I find it mildly amusing that the sheeple persistently fail to realise that sustainable economic growth is in fact an oxymoron.

The bottom line is that, unless we adopt an entirely new economic model that is not based in perpetual debt driven growth, then our society is bound to fail. Plain and simple.

Don't abolish, evolve. The debt driven economy is a result of fractional reserve banking and fiat currency. If you resort to a 100% Reserve banking system backed by actual commodities such as Gold, Silver and Platinum then large debt expansion cannot take place. Take away fractional reserve banking and you take away debt driven growth.

Theres no need for a total new economic model from scratch.
The free market works. We just need to let it work.

I think mary-jane and prostitution should be legalised anyways. The basic argument, "Who are you to decide what others can and cannot do with their own bodies."

 

[StrongTurd]

The debt driven economy is a result of fractional reserve banking and fiat currency. If you resort to a 100% Reserve banking system backed by actual commodities such as Gold, Silver and Platinum then large debt expansion cannot take place. Take away fractional reserve banking and you take away debt driven growth.

Theres no need for a total new economic model from scratch.
The free market works. We just need to let it work.

In theory, yes. Unfortunately such a "reboot" of the financial system will at the very least mean the default of the USA on their loans which are in practical terms so vast as to be unserviceable, even given decades. This would in turn lead to the total collapse of the US$ and the effective end of the USA as a superpower in a very short period of time.

The likely outcome of such a collapse is anyone's guess but needless to say the Obama administration would not sit idly by and watch it unfold. In fact, their response might even be as severe as the precipitation of another world war in an effort to maintain the political status quo.

The paradox is that such a reboot is all but a foregone conclusion given the enormity of the debt bubble and the longer we procrastinate, the more painful it will be. I frankly cannot see any US administration surviving such an event. One thing is sure: The resultant global political arena will look radically different post reset than before.

 

[WilD_CaT]

They might just go the united world central bank root.

Then they can inflate in 1 country like the US, but since the rest of the world has the currency inflation over the entire planet will be minimal...unless they print currency for the world.

Atleast the above is what will most likely happen from our current perspective.