Showing posts with label ECB. Show all posts
Showing posts with label ECB. Show all posts
Wednesday, April 12, 2017
Where We are Going
What is happening globally with migration on one of the basic laws of physics.
I illustrated this in my ppt presentation
Solving The Global Crisis
I pointed out that Russia is engaged in Economic Warfare.
The Visible Hand
and
Mr. Putin's ETO
China knows it will not stay in business very long if it puts its best customers out of business. China will not harm Western markets.
As India transforms, India will have a more efficient handling of crops. No longer will food rot on the vine or in the field because there are difficulties in bringing the food to market in a timely manner. India will embrace the technology that will be crucial to the future of nations.
Africa will embrace the models of Industrialised Nations:
Capital Investment,
Economic Stimulus,
Economic Development, &
Growth.
Capital Investment + Economic Stimulus = Economic Development + Growth ~ Slim's Paradigm.
Forming an E 20 Group of Nations
Solving the Emerging Economic Crisis
I have predicted that Plastics will replace wood and steel as a more efficient and cost-effective way of building things.
Plastics:
But the largest concern is the control of resources:
Who controls which resources will be crucial to survival. This is explained in
"Economic Soft-War"
This is why Globalisation is so important.
Protectionism Isolationism Nationalism
Are the Axis of Evil that impedes or prevents Solving the problems of Famine, Pandemics, and Global Economic Recessions and Depressions & lead to Civil Unrest, Genocide and War. Support Globalisation.
Thank you for your interest.
Sincerely,
Slim.
On LinkedIn
Slimfairview@yahoo.com
Slimviews@gmail.com
Bob Asken
Box 33
Pen Argyl, PA 18072
Copyright (c) 2017 Bob Asken
All Rights Reserved.
Friday, June 8, 2012
EuroBondage & Leadership
"You can't lead if you can't manage." The Quotations of Slim Fairview
The new deception--leadership legerdemain--is a call for a EuroBond. This, of course, is more than a gilt-edged bailout. Here is the problem.
We hear constantly about European Leaders meeting. However, what is really happening is European followers are meeting. Whom are they following? Chancellor Merkel. This begs the question, "Why?"
Have we followed Merkel's Lead? Yes.
Have things gotten better? No.
Have things gotten worse? Yes.
Conclusion? Do not follow Merkel's Lead.
Let's speak colloquially for a moment.
A country borrows money. (Bonds)
This money is used to grow the economy.
The economy grows.
The money from the growth repays the bonds.
This is not Merkelism: A solution based on the fear that someone, somewhere, is earning a living.
A country borrows money. (Bonds)
A country pays bills.
The country borrows more money to pay off the bonds.
Merkelomics means keeping the Greece and Spain shackled to poverty by keeping Greece and Spain shackled to poverty programmes.
Suddenly, there has arisen a Twitter call to stop Merkel spreading through Spain. This is not new to me. I've been doing that for a while now.
Back to leadership.
The reason we have committees is not to include people. It is to conceal incompetence. It is to spread the blame. It is a desperate attempt to find a solution the way buying more lottery tickets is a desperate attempt to win the lottery.
Merkel has recently indicated that she will consider the idea of a EuroBond. This is not an effort to find a solution to the EuroCrisis before the economic crisis becomes a disaster. This is an attempt to conceal the fact that her leadership has failed. This, I've discussed before in numerous monographs posted to my blog.
I would like to quote from my previous monographs. That, however, is not the best way to handle matters. Instead, I will include links at the end of this posting.
China. I once said of Chinese-American economic relations, "China is smart enough to know that it won't stay in business very long if it puts its customers out of business."
The same holds true for Europe. China does not celebrate the EuroCrisis. Now, the EuroCrisis is a Global Economic Crisis. Soon? A Global Economic Disaster. Why? Because no one is leading.
Recently, commentators were saying there is no magic solution. China will not come to the rescue. Now they are saying we should call on China. Don't tell me the commentators haven't been reading my blogs.
Now, commentators are discretely expressing their disappointment in Merkel. They say Germany. They mean Merkel.
Nothing in any of the attempts over the past two years has any connection to economic growth. Most of the attempts in fact impede or forestall any possibility of growth.
You can't have Economic Growth without Economic Development. You can't have Economic Development without Capital Investment. If you don't like the concept, you don't like China.
China: Capital Investment in Brazil to bring food to the ports.
China: Capital Investment in Portugal. (Winning bid for a state owned utility.)
China: Capital Investment talks in Greece--Shipping!
Bring food grown in Brazil to the ports. Ship the food to China and the world markets.
Chancellor Merkel has failed to lead. That evidence lies not only in the EuroCrisis bordering on a EuroDisaster, but also on every effort to conceal this crisis in leadership in a morass of committees and agencies. The EFSF, the ESM, the IMF, the ECB and a series of meetings.
Chancellor Merkel cannot manage the crisis. You can't lead if you can't manage. The European leaders are not leaders--they are followers. The EuroCrisis is about to become a EuroDisaster. The EuroCrisis is effecting the Global Economy.
This is the time for Chancellor Merkel to step down and go home.
Bon chance.
Slim
Copyright (c) 2012 Slim Fairview
All Rights Reserved.
Additional Reading:
Merkel's Last Stand
http://slimviews.blogspot.com/2011/12/merkels-last-stand.html
The EuroCrats Trojan Plan--Destroy Greece
http://slimviews.blogspot.com/2011/09/eurocrats-trojan-plan.html
Eurocracy with Apologies to Swift
http://slimviews.blogspot.com/2011/09/eurocracy-with-apologies-to-swift.html
Merkel and the Salesman. (A metaphor to explain the failed economic policies.)
http://sidestreetjournal.blogspot.com/2012/05/merkel-and-salesman.html
Merkel Blinks. Slim Wins.
http://sidestreetjournal.blogspot.com/2012/02/merkel-blinks-slim-wins.html
You Can't Fool the Lion. (A metaphor to explain failed leadership.)
http://sidestreetjournal.blogspot.com/2011/12/you-cant-fool-lion.html
Firewall or Farce? (Building a firewall around Greece will not save Spain's Economy.)
http://sidestreetjournal.blogspot.com/2012/02/firewall-or-farce.html
Regards,
Slim
slimfairview@yahoo.com
The new deception--leadership legerdemain--is a call for a EuroBond. This, of course, is more than a gilt-edged bailout. Here is the problem.
We hear constantly about European Leaders meeting. However, what is really happening is European followers are meeting. Whom are they following? Chancellor Merkel. This begs the question, "Why?"
Have we followed Merkel's Lead? Yes.
Have things gotten better? No.
Have things gotten worse? Yes.
Conclusion? Do not follow Merkel's Lead.
Let's speak colloquially for a moment.
A country borrows money. (Bonds)
This money is used to grow the economy.
The economy grows.
The money from the growth repays the bonds.
This is not Merkelism: A solution based on the fear that someone, somewhere, is earning a living.
A country borrows money. (Bonds)
A country pays bills.
The country borrows more money to pay off the bonds.
Merkelomics means keeping the Greece and Spain shackled to poverty by keeping Greece and Spain shackled to poverty programmes.
Suddenly, there has arisen a Twitter call to stop Merkel spreading through Spain. This is not new to me. I've been doing that for a while now.
Back to leadership.
The reason we have committees is not to include people. It is to conceal incompetence. It is to spread the blame. It is a desperate attempt to find a solution the way buying more lottery tickets is a desperate attempt to win the lottery.
Merkel has recently indicated that she will consider the idea of a EuroBond. This is not an effort to find a solution to the EuroCrisis before the economic crisis becomes a disaster. This is an attempt to conceal the fact that her leadership has failed. This, I've discussed before in numerous monographs posted to my blog.
I would like to quote from my previous monographs. That, however, is not the best way to handle matters. Instead, I will include links at the end of this posting.
China. I once said of Chinese-American economic relations, "China is smart enough to know that it won't stay in business very long if it puts its customers out of business."
The same holds true for Europe. China does not celebrate the EuroCrisis. Now, the EuroCrisis is a Global Economic Crisis. Soon? A Global Economic Disaster. Why? Because no one is leading.
Recently, commentators were saying there is no magic solution. China will not come to the rescue. Now they are saying we should call on China. Don't tell me the commentators haven't been reading my blogs.
Now, commentators are discretely expressing their disappointment in Merkel. They say Germany. They mean Merkel.
Nothing in any of the attempts over the past two years has any connection to economic growth. Most of the attempts in fact impede or forestall any possibility of growth.
You can't have Economic Growth without Economic Development. You can't have Economic Development without Capital Investment. If you don't like the concept, you don't like China.
China: Capital Investment in Brazil to bring food to the ports.
China: Capital Investment in Portugal. (Winning bid for a state owned utility.)
China: Capital Investment talks in Greece--Shipping!
Bring food grown in Brazil to the ports. Ship the food to China and the world markets.
Chancellor Merkel has failed to lead. That evidence lies not only in the EuroCrisis bordering on a EuroDisaster, but also on every effort to conceal this crisis in leadership in a morass of committees and agencies. The EFSF, the ESM, the IMF, the ECB and a series of meetings.
Chancellor Merkel cannot manage the crisis. You can't lead if you can't manage. The European leaders are not leaders--they are followers. The EuroCrisis is about to become a EuroDisaster. The EuroCrisis is effecting the Global Economy.
This is the time for Chancellor Merkel to step down and go home.
Bon chance.
Slim
Copyright (c) 2012 Slim Fairview
All Rights Reserved.
Additional Reading:
Merkel's Last Stand
http://slimviews.blogspot.com/2011/12/merkels-last-stand.html
The EuroCrats Trojan Plan--Destroy Greece
http://slimviews.blogspot.com/2011/09/eurocrats-trojan-plan.html
Eurocracy with Apologies to Swift
http://slimviews.blogspot.com/2011/09/eurocracy-with-apologies-to-swift.html
Merkel and the Salesman. (A metaphor to explain the failed economic policies.)
http://sidestreetjournal.blogspot.com/2012/05/merkel-and-salesman.html
Merkel Blinks. Slim Wins.
http://sidestreetjournal.blogspot.com/2012/02/merkel-blinks-slim-wins.html
You Can't Fool the Lion. (A metaphor to explain failed leadership.)
http://sidestreetjournal.blogspot.com/2011/12/you-cant-fool-lion.html
Firewall or Farce? (Building a firewall around Greece will not save Spain's Economy.)
http://sidestreetjournal.blogspot.com/2012/02/firewall-or-farce.html
Regards,
Slim
slimfairview@yahoo.com
Thursday, September 22, 2011
EuroCrats: It is Our Policy to Fail
The handling or mishandling of the debt crisis by the EuroCrats proves one thing. The Process is the Problem.
From the IMF we learn that the set of policy choices that are economically viable and politically feasible is shrinking. That is a bold admission.
Further, the IMF acknowledges the market’s negative response but chooses to stay the course. This is wrong.
Still, the bold admission is a good thing. Oftentimes people don’t take bold action until a crisis is impending. Bureaucrats never do.
Now with Belgium, Italy, and Spain heading toward a crisis, why embrace a proven Policy of Failure? One glaring point: A cash infusion into banks that suffered losses due to the debt crisis will only cause the banks to continue to lose what others infuse.
Meanwhile, there is a call for taxpayers to bolster…..! Any call for taxpayers to bolster anything is a lose—lose situation.
If the plan fails, the crisis deepens.
If the plan succeeds, those who pay for the success of others will harbour a deep resentment. If you don’t believe me: Parliament Hampers Merkel Deal Making.
EuroBanks stand to lose €630 Billion. Banks are starting to not trust each other or lend to each other. That is not a good sign either.
The IMF goes on to say that the Global Credit Crisis moved into the Political Phase. Therein lies the punishment for using political considerations to solve the problem in the first place.
Greece and Europe suffer from problems of Austere Proportions.
As I previously stated, “Analysts conceded a €110 Billion bailout for Greece on the assumption that the Greek economy would grow. Then, they called for sanctions to punish Greece because their assumptions were wrong.”
The austerity measures to be imposed by (upon) Greece include a move to reduce public employment.
“There are no unintended consequences, only unwanted consequences.” –Slim Fairview
Such a move will
Reduce tax revenue.
Strain the social safety net,
Negatively impact the multiplier effect; if there is one.
[ http://www.slideshare.net/slimfairview/the-multiplier-effect-4962273 ]
Greece may consider some alternatives
Sell state owned assets [to Greek citizens].
Seek Foreign Investors instead of Foreign Lenders. [Asia. Brazil]
Encourage, promote, and support, entrepreneurship for the Greek people.
The Nanny-State mentality in Europe has less to do with benefits and more to do with business. It is easy for a society to become complacent if the jobs are already there whether provided by Big Government or by Big Business. SMEs provide jobs, growth, economic stimulus, and prosperity. Don’t believe me? The headline in the NY Times reads: India Nurtures Entrepreneurship.
Economic Stimulus by Metaphor
http://slimviews.blogspot.com/2011/06/economic-stimulus-by-metaphor.html
Greece can also follow my prescription for the American housing crisis. Only they may wish to expand upon it—tailor it to Greek needs.
Stop Foreclosures
Rewrite Loans at a lower payment rate
Add a balloon payment. [2018, 2019, 2020]
Will all this work?
Did your efforts fail?
The EuroCrats are Intelligent, Educated, and Experienced.
Q: Why the failure?
A: The Process
The meeting of the minds emphasises consensus. The EuroCrats do not need consensus. The EuroCrats need acknowledgement.
“The fact that you cannot predict the future is not a proper rebuff to the one who tells you to get off the tracks a train is coming.” –Slim Fairview
Sincerest regards,
Slim
Copyright © 2011 Slim Fairview
From the IMF we learn that the set of policy choices that are economically viable and politically feasible is shrinking. That is a bold admission.
Further, the IMF acknowledges the market’s negative response but chooses to stay the course. This is wrong.
Still, the bold admission is a good thing. Oftentimes people don’t take bold action until a crisis is impending. Bureaucrats never do.
Now with Belgium, Italy, and Spain heading toward a crisis, why embrace a proven Policy of Failure? One glaring point: A cash infusion into banks that suffered losses due to the debt crisis will only cause the banks to continue to lose what others infuse.
Meanwhile, there is a call for taxpayers to bolster…..! Any call for taxpayers to bolster anything is a lose—lose situation.
If the plan fails, the crisis deepens.
If the plan succeeds, those who pay for the success of others will harbour a deep resentment. If you don’t believe me: Parliament Hampers Merkel Deal Making.
EuroBanks stand to lose €630 Billion. Banks are starting to not trust each other or lend to each other. That is not a good sign either.
The IMF goes on to say that the Global Credit Crisis moved into the Political Phase. Therein lies the punishment for using political considerations to solve the problem in the first place.
Greece and Europe suffer from problems of Austere Proportions.
As I previously stated, “Analysts conceded a €110 Billion bailout for Greece on the assumption that the Greek economy would grow. Then, they called for sanctions to punish Greece because their assumptions were wrong.”
The austerity measures to be imposed by (upon) Greece include a move to reduce public employment.
“There are no unintended consequences, only unwanted consequences.” –Slim Fairview
Such a move will
Reduce tax revenue.
Strain the social safety net,
Negatively impact the multiplier effect; if there is one.
[ http://www.slideshare.net/slimfairview/the-multiplier-effect-4962273 ]
Greece may consider some alternatives
Sell state owned assets [to Greek citizens].
Seek Foreign Investors instead of Foreign Lenders. [Asia. Brazil]
Encourage, promote, and support, entrepreneurship for the Greek people.
The Nanny-State mentality in Europe has less to do with benefits and more to do with business. It is easy for a society to become complacent if the jobs are already there whether provided by Big Government or by Big Business. SMEs provide jobs, growth, economic stimulus, and prosperity. Don’t believe me? The headline in the NY Times reads: India Nurtures Entrepreneurship.
Economic Stimulus by Metaphor
http://slimviews.blogspot.com/2011/06/economic-stimulus-by-metaphor.html
Greece can also follow my prescription for the American housing crisis. Only they may wish to expand upon it—tailor it to Greek needs.
Stop Foreclosures
Rewrite Loans at a lower payment rate
Add a balloon payment. [2018, 2019, 2020]
Will all this work?
Did your efforts fail?
The EuroCrats are Intelligent, Educated, and Experienced.
Q: Why the failure?
A: The Process
The meeting of the minds emphasises consensus. The EuroCrats do not need consensus. The EuroCrats need acknowledgement.
“The fact that you cannot predict the future is not a proper rebuff to the one who tells you to get off the tracks a train is coming.” –Slim Fairview
Sincerest regards,
Slim
Copyright © 2011 Slim Fairview
Friday, August 19, 2011
EuroCrisis Analogy
You and your two sisters have been asking your parents for an allowance.
They have resisted. They have explained that you are not responsible. However, they will discuss it privately.
A few days later, they call you and your two sisters to a meeting. They announce that they will give you an allowance. There are three conditions:
1. You save some.
2. You spend some.
3. You give some to the less fortunate.
You all agree. Happily.
You ask, “How much to we get?”
Your Dad explains.
“Your Mom and I are putting all the money into a shoebox. You may each take your allowance from there.”
Your one sister takes money out to buy two blouses. She puts $10.00 in her Piggy Bank.
Your other sister takes money out to buy one blouse. She puts $5.00 in her Piggy Bank.
You go to the shoebox and find only $3.00 left. You complain to your parents.
Your parents tell you to, “put $1.00 in your Piggy Bank, give $1.00 to the poor, and to spend $1.00 on yourself.”
Now do you understand why the EuroCrisis has not been solved?
Sincerely,
Slim
PS.
I am not Paul Harvey. However, I am open to becoming a paid commentator, columnist, or blogger.
If you’ve found anything I said to be helpful, please don’t hesitate to send me one of those tricked-out laptops and to tuck a few dollars into the envelope along with the thank you note.
Sincerest regards,
Slim
Copyright © 2011 Slim Fairview
Thursday, July 21, 2011
European Union: Less a Fraternity more a Tontine
The problem the EuroCrats are having arises from the fact that they are dealing with problems on a propter hoc basis.
True, Greece needs help with its debt. However, while the EuroCrats have become fixated on Greece, they are ignoring the problems of Ireland, Italy, Spain, et. al.
When other countries like Ireland begin to reach the state Greece is in, the EuroFolk may try to heal Ireland's malady with Greek medication. This does not always work.
The analogy: Any woman who ever had children can tell you, when one gets sick, they all get sick. Then, they give whatever it is back to the one they caught it from in the first place.
EuroFlu is no different.
No sooner than Greece gets well, than Ireland will need help. Or Italy.
Then there are the issues of incompatible medications and competing physicians. As I've read in the news, only recently have Germany and France formed a compact. EuroBankers have contradicted EuroCrats, Analysts have argue with both and each other.
The solution must involve all the nations. The solution to one country's problems may not work for another. However, the solving of one nation's problems must not cause problems for another nor make it impossible for the other country to move forward.
The EuroCratic approach is beginning to appear less like a fraternity and more like a tontine.
Regards,
Slim
slimfairview@yahoo.com
Copyright (c) 2011 Slim Fairview
True, Greece needs help with its debt. However, while the EuroCrats have become fixated on Greece, they are ignoring the problems of Ireland, Italy, Spain, et. al.
When other countries like Ireland begin to reach the state Greece is in, the EuroFolk may try to heal Ireland's malady with Greek medication. This does not always work.
The analogy: Any woman who ever had children can tell you, when one gets sick, they all get sick. Then, they give whatever it is back to the one they caught it from in the first place.
EuroFlu is no different.
No sooner than Greece gets well, than Ireland will need help. Or Italy.
Then there are the issues of incompatible medications and competing physicians. As I've read in the news, only recently have Germany and France formed a compact. EuroBankers have contradicted EuroCrats, Analysts have argue with both and each other.
The solution must involve all the nations. The solution to one country's problems may not work for another. However, the solving of one nation's problems must not cause problems for another nor make it impossible for the other country to move forward.
The EuroCratic approach is beginning to appear less like a fraternity and more like a tontine.
Regards,
Slim
slimfairview@yahoo.com
Copyright (c) 2011 Slim Fairview
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