Showing posts with label IMF. Show all posts
Showing posts with label IMF. 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.
Thursday, October 30, 2014
G 20 Summit! E 20 Invited?
Long Story
Short:
The G 20 is holding a summit in Brisbane, Australia. I also discovered the existence of a B 20 group: Business leaders who advise the G 20. What have not heard is that the G 20 is inviting the E 20 to the Economic Summit. You cannot help people without their input, and you won’t help them if you exclude them.
The G 20 is holding a summit in Brisbane, Australia. I also discovered the existence of a B 20 group: Business leaders who advise the G 20. What have not heard is that the G 20 is inviting the E 20 to the Economic Summit. You cannot help people without their input, and you won’t help them if you exclude them.
This is why
I’ve been writing my articles about Emerging Nations forming an Economic Union.
Emerging NationsEconomic Union—an article that proposes the forming of an Economic Union for Emerging Nations and those Unions forming a Union of Emerging Economic Unions.
Solving theEmerging Crisis—This is the proposal that would help leverage the power of Emerging Nations.
Forming anE-20—This proposes leveling the playing field by establishing what the Emerging Nations of the World need to gain parity in Global Economic Affairs. For example: if there is to be a G 20 Summit, the E 20 should be included.
The Futureof the G20 in Good Times and Bad—This is a look into the future if we do not recognise the fact that
1. The military option is no longer viable.
Emerging NationsEconomic Union—an article that proposes the forming of an Economic Union for Emerging Nations and those Unions forming a Union of Emerging Economic Unions.
Solving theEmerging Crisis—This is the proposal that would help leverage the power of Emerging Nations.
Forming anE-20—This proposes leveling the playing field by establishing what the Emerging Nations of the World need to gain parity in Global Economic Affairs. For example: if there is to be a G 20 Summit, the E 20 should be included.
The Futureof the G20 in Good Times and Bad—This is a look into the future if we do not recognise the fact that
1. The military option is no longer viable.
2. The Economic Zero Sum Game doesn’t’ work anymore.
Warmest regards,
Slim.
Copyright © 2014 Bob Asken writing as Slim Fairview
All rights reserved.
Monday, September 26, 2011
Greece: Problem? Solution!
Greece has been around a long time. Greece predates Europe. The Greek citizen invented the Senate. The Senate did not invent the Greek citizen.
The current state of affairs in Greece is due, in part to Government ownership--In part. The other part is the notion that when the Government owns everything, everyone owns everything. This is the failed Soviet Style of Communism. The reality is that when everyone owns everything, no one owns anything.
With the Greek Citizen—with no vested interest, there is no interest.
Do you dispute me? I shall refute you.
How hard is the Greek worker fighting for his benefits?
Very hard.
Why?
Because his benefits belong to him.
Privatisation is not a dirty word.
While every plan for Greece has involved a bailout, none has involved any capital investment or economic development.
In a recent NY Times article, “The IMF “traditionally” said cutting budget deficits is the solution to the problem. Mr. Summers said Mme Lagarde’s reversal is a welcome change in thinking, emphasizing that we should be establishing a basis for growth.” I assume Mme Lagarde and I are the only two people saying this. Or, perhaps Mme. Lagarde is the only person reading my blogs. Madame goes on to say, “…the markets realize that commitment to cut spending cannot survive a lengthy stagnation.”
The best option for Greece (I have a project not a plan.) is a major economic development project that changes the process.
Let us be honest. The EuroCrats are intelligent, educated, and experienced. Why then have they failed to solve or even mitigate the damages or ameliorate the problems? By the process of elimination, the problem is the process. That must change. In Greek: Δ
The first startling example is that what the EuroCrats are doing to the Greek People can be called “poverty programmes”. The Greek People need “Prosperity Programmes”.
As an aside, I thought that warning of a move to the “right’ would be a consequence for Greece if the problem can’t be solved soon was an overstatement. Then I remembered some American political math. It is analogous.
Dems control Congress + Jimmy Carter = Ronald Reagan.
Dems control Congress + Bill Clinton = Republican turnover in Congress.
Dems control Congress + Barack Obama + Massive GOP turnover in House of Rep.
Okay, I concede. The Greek people can fix the problem now while it is small (by comparison) or wait till there is a real disaster. But I digress.
The difference between the aforementioned Soviet Style Communism and Chinese Communism (Aside from the failure of the former and the success of the latter) is China’s Middle Class.
The divestiture of Greece’s State Owned Assets is crucial to the turnaround in Greece. A limit on foreign ownership of shares in the newly minted, publicly traded companies is also essential.
Some of those assets may include but are not limited to:
Transportation
Energy
Media
Communications
With the Greek Citizen owning the asset, the Greek Citizen will have a vested interest in its success. There will be a profit incentive.
Greece; Influx of Tax Revenue without increasing taxes
Relief from Debt and the crushing interest rates
Benefits of the multiplier effect
Reduction in Lenders: Increase in Investors
Increased Capitalisation of Banks
What has been the alternative so far?
The Greek Government
Raised Taxes
Slashed Pensions
Cut State Salaries
Plans to cut jobs and cut pensions again.
Greece still has problems. Why? Because The Greek Government
Raised Taxes
Slashed Pensions
Cut State Salaries.
Someone then told the Government that by lowering wages tax revenues will fall. The Government solution to this was to fire people. This caused a further decline in revenue. To address this, the Government increased property taxes on the unemployed and underpaid. And all of this is the result of Austerity measures imposed on Greece by the EuroCrats who were working to solve the problem. Call me a flawed human being, but I believe the EuroCrats have failed in their mission.
Union busting will not solve the problem.
Labour strikes will not solve the problem.
Firing people will not solve the problem.
Taxes will not solve the problem.
[No country ever taxed its way to prosperity. The mantra during the first two years of Bill Clinton’s first term as President of the United States.]
For further information, please read my blogs on the matter.
Bon Chance!
Sincerest regards,
Slim
Slimfairview@yahoo.com
Copyright © 2011 Slim Fairview
Economic Stimulus:
The Multiplier Effect:
the Future of the G 20 in Good Times and Bad
China: The economy and a word beginning with the letter P
http://slimviews.blogspot.com/2011/06/china-economy-and-word-beginning-with.html
The current state of affairs in Greece is due, in part to Government ownership--In part. The other part is the notion that when the Government owns everything, everyone owns everything. This is the failed Soviet Style of Communism. The reality is that when everyone owns everything, no one owns anything.
With the Greek Citizen—with no vested interest, there is no interest.
Do you dispute me? I shall refute you.
How hard is the Greek worker fighting for his benefits?
Very hard.
Why?
Because his benefits belong to him.
Privatisation is not a dirty word.
While every plan for Greece has involved a bailout, none has involved any capital investment or economic development.
In a recent NY Times article, “The IMF “traditionally” said cutting budget deficits is the solution to the problem. Mr. Summers said Mme Lagarde’s reversal is a welcome change in thinking, emphasizing that we should be establishing a basis for growth.” I assume Mme Lagarde and I are the only two people saying this. Or, perhaps Mme. Lagarde is the only person reading my blogs. Madame goes on to say, “…the markets realize that commitment to cut spending cannot survive a lengthy stagnation.”
The best option for Greece (I have a project not a plan.) is a major economic development project that changes the process.
Let us be honest. The EuroCrats are intelligent, educated, and experienced. Why then have they failed to solve or even mitigate the damages or ameliorate the problems? By the process of elimination, the problem is the process. That must change. In Greek: Δ
The first startling example is that what the EuroCrats are doing to the Greek People can be called “poverty programmes”. The Greek People need “Prosperity Programmes”.
As an aside, I thought that warning of a move to the “right’ would be a consequence for Greece if the problem can’t be solved soon was an overstatement. Then I remembered some American political math. It is analogous.
Dems control Congress + Jimmy Carter = Ronald Reagan.
Dems control Congress + Bill Clinton = Republican turnover in Congress.
Dems control Congress + Barack Obama + Massive GOP turnover in House of Rep.
Okay, I concede. The Greek people can fix the problem now while it is small (by comparison) or wait till there is a real disaster. But I digress.
The difference between the aforementioned Soviet Style Communism and Chinese Communism (Aside from the failure of the former and the success of the latter) is China’s Middle Class.
The divestiture of Greece’s State Owned Assets is crucial to the turnaround in Greece. A limit on foreign ownership of shares in the newly minted, publicly traded companies is also essential.
Some of those assets may include but are not limited to:
Transportation
Energy
Media
Communications
With the Greek Citizen owning the asset, the Greek Citizen will have a vested interest in its success. There will be a profit incentive.
Greece; Influx of Tax Revenue without increasing taxes
Relief from Debt and the crushing interest rates
Benefits of the multiplier effect
Reduction in Lenders: Increase in Investors
Increased Capitalisation of Banks
What has been the alternative so far?
The Greek Government
Raised Taxes
Slashed Pensions
Cut State Salaries
Plans to cut jobs and cut pensions again.
Greece still has problems. Why? Because The Greek Government
Raised Taxes
Slashed Pensions
Cut State Salaries.
Someone then told the Government that by lowering wages tax revenues will fall. The Government solution to this was to fire people. This caused a further decline in revenue. To address this, the Government increased property taxes on the unemployed and underpaid. And all of this is the result of Austerity measures imposed on Greece by the EuroCrats who were working to solve the problem. Call me a flawed human being, but I believe the EuroCrats have failed in their mission.
Union busting will not solve the problem.
Labour strikes will not solve the problem.
Firing people will not solve the problem.
Taxes will not solve the problem.
[No country ever taxed its way to prosperity. The mantra during the first two years of Bill Clinton’s first term as President of the United States.]
For further information, please read my blogs on the matter.
Bon Chance!
Sincerest regards,
Slim
Slimfairview@yahoo.com
Copyright © 2011 Slim Fairview
Economic Stimulus:
The Multiplier Effect:
the Future of the G 20 in Good Times and Bad
China: The economy and a word beginning with the letter P
http://slimviews.blogspot.com/2011/06/china-economy-and-word-beginning-with.html
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
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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