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  • and not economics. Ok?

    Reply to: Even the Pope Says Globalization has run amok and steam rolled workers   15 years 4 months ago
    EPer:
  • Economics without religion and ethics is a destructive force, and will always be so. THAT is the main problem, that the real global economic data is pointing to, and it's a problem that Americans in particular have a blind spot for. That is specifically what Pope Benedict was talking about when he wrote, in paragraph 44 of the document in question:

    Many people today would claim that they owe nothing to anyone, except to themselves. They are concerned only with their rights, and they often have great difficulty in taking responsibility for their own and other people's integral development. Hence it is important to call for a renewed reflection on how rights presuppose duties, if they are not to become mere licence

    That is what is going on under the guise of globalization: selfishness.
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    Maximum jobs, not maximum profits.

    Reply to: Even the Pope Says Globalization has run amok and steam rolled workers   15 years 4 months ago
    EPer:
  • And I don't have time to quote the whole chapter anyway. Suffice it to say, you might not like his reasoning, but you can't say he refuses to deal with the reality of human sexual behavior and that has a tendency to make more people- when paragraphs 44-52 in Chapter 4 "THE DEVELOPMENT OF PEOPLE, RIGHTS AND DUTIES,
    THE ENVIRONMENT" deal *directly* with that subject.
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    Maximum jobs, not maximum profits.

    Reply to: Even the Pope Says Globalization has run amok and steam rolled workers   15 years 4 months ago
    EPer:
  • if in addition to alternative energy, we required all new construction to be grid-neutral and gave out ambient energy loans to existing building owners.

    The grid would just become a huge battery.....and we'd have more than enough power generation.
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    Maximum jobs, not maximum profits.

    Reply to: T. Boone Pickens Can't Get Transmission Lines   15 years 4 months ago
    EPer:
  • Yeah, we've been talking about this and midtowng raised it up also as a proposal to solve California's budget crisis.

    Reply to: More on the Sovereign States Banking Solution - North Dakota Shows the Way   15 years 4 months ago
    EPer:
  • some awareness of what open migration really means, especially to the social fabric....

    We have had corporations and economics do massive pushes, presentations claiming global migration, all to earn a paycheck is a "win-win" and obviously, demanding people travel around the globe, move to China, India (both IBM and CISCO demanded this!) on a whim will splitter social relationships and communities.

    But ya know, the Catholic Church as far as I know refused to deal with the reality of human sexual behavior and that has a tendency to make more people....so with global overpopulation these kind of conflicts will continue since people are trying to survive, eat.

    Reply to: Even the Pope Says Globalization has run amok and steam rolled workers   15 years 4 months ago
    EPer:
  • And you can think of the Pope more as a Servant of the Once and Future King, left in charge of the Kingdom- it's all very monarchial and not very democratic, despite the last 100 Popes or so being chosen by election of the Cardinals (previous to that, they were hand picked by their predecessors).

    Actually, the sad part to me (as I've never understood the "Amnesty is all good" position of the US Council of Catholic Bishops, who are supposed to be subordinate to the Holy Father) is that they'll likely see this as being in keeping with their "right to migrate for work or refuge from war and natural disaster". But to Pope Benedict's credit, he foresaw that argument somewhat, and thus included:

    43. “The reality of human solidarity, which is a benefit for us, also imposes a duty”[105]. Many people today would claim that they owe nothing to anyone, except to themselves. They are concerned only with their rights, and they often have great difficulty in taking responsibility for their own and other people's integral development. Hence it is important to call for a renewed reflection on how rights presuppose duties, if they are not to become mere licence[106]. Nowadays we are witnessing a grave inconsistency. On the one hand, appeals are made to alleged rights, arbitrary and non-essential in nature, accompanied by the demand that they be recognized and promoted by public structures, while, on the other hand, elementary and basic rights remain unacknowledged and are violated in much of the world[107]. A link has often been noted between claims to a “right to excess”, and even to transgression and vice, within affluent societies, and the lack of food, drinkable water, basic instruction and elementary health care in areas of the underdeveloped world and on the outskirts of large metropolitan centres. The link consists in this: individual rights, when detached from a framework of duties which grants them their full meaning, can run wild, leading to an escalation of demands which is effectively unlimited and indiscriminate. An overemphasis on rights leads to a disregard for duties. Duties set a limit on rights because they point to the anthropological and ethical framework of which rights are a part, in this way ensuring that they do not become licence. Duties thereby reinforce rights and call for their defence and promotion as a task to be undertaken in the service of the common good. Otherwise, if the only basis of human rights is to be found in the deliberations of an assembly of citizens, those rights can be changed at any time, and so the duty to respect and pursue them fades from the common consciousness. Governments and international bodies can then lose sight of the objectivity and “inviolability” of rights. When this happens, the authentic development of peoples is endangered[108]. Such a way of thinking and acting compromises the authority of international bodies, especially in the eyes of those countries most in need of development. Indeed, the latter demand that the international community take up the duty of helping them to be “artisans of their own destiny”[109], that is, to take up duties of their own. The sharing of reciprocal duties is a more powerful incentive to action than the mere assertion of rights.

    That, then, should become the argument against the USCCB and other pro-amnesty groups. We should acknowledge the right they demand, the human right to migrate- but we should also insist that right comes with a duty to learn the culture and laws of the country you're migrating to, and to follow that culture and laws rather than the culture and laws of the country you come from. Only in the sharing of reciprocal duty- can we have an economy that lifts all boats.
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    Maximum jobs, not maximum profits.

    Reply to: Even the Pope Says Globalization has run amok and steam rolled workers   15 years 4 months ago
    EPer:
  • it's a very fine line here between religion and economics, even in this instance. In this document are some serious economic truths on current corporate feudalism going on, that's the only reason I posted it. I really don't want to go delving into the Catholic Church's doctrines, etc. just as much as I don't want to debate Islam or Judaism on EP. I guess I should add debate idol worship, i.e. Michael Jackson in this category.

    This is different, the church made some astute observations, based on real global economic data on what's really going on under the guise of globalization and of course the Catholic Church is a major political force, just like Hinduism is.

    Reply to: Even the Pope Says Globalization has run amok and steam rolled workers   15 years 4 months ago
    EPer:
  • G-8 Leaders Spar Over Stimulus:

    President Barack Obama pressed for the door to remain open to more stimulus measures as a renewed stock-market drop stirred concern that $2 trillion spent worldwide so far hasn’t jolted consumers and businesses back to life.

    Pardon my French but this is just f@#king pathetic!

    It's not the Stimulus it is how they are distributing the money! Giving money to IBM so they can offshore outsource even more jobs is not Stimulus! Giving money to multinational corporations through some flawed, biased "bidding" process so they can continue their sucking off the government tit, inefficient, wasteful and also....offshore outsource jobs....is not Stimulus!

    This is driving me nutso! It's not "Stimulus o no", it is how the Stimulus is implemented. Yet the "debate" is always on the above black and white answer and that is simply not answer at all, except more corporate welfare.

    Reply to: Surprise, Surprise: Obama Advisor Says Second Stimulus Needed   15 years 4 months ago
    EPer:
  • It's only 1/7th the story as far as this change in economic policy is concerned- or doctrine as the Church would have it. In fact, Caritas in Veritate is very much in keeping with the whole set going back to Rerum Novarum, which was Pope Leo XIII's answer to the challenge of Karl Marx that religion was just an opiate to keep the workers from rebelling. So the development of this document, and the Church on the side of "authentic progress" for the common man, has been in the works for more than a century (one of the documents in my list, Centesimus Annus from Pope John Paul II, was marking the 100 year anniversary of Rerum Novarum). So while it is a policy document- it's not the whole policy, not by a long shot. And I think, in the near future, we're going to see more from the Vatican on this topic as the doctrine develops further.

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    Maximum jobs, not maximum profits.

    Reply to: Even the Pope Says Globalization has run amok and steam rolled workers   15 years 4 months ago
    EPer:
  • Have you been following this move on regulating oil speculators?.

    The Commodity Futures Trading Commission said Tuesday it is considering imposing volume limits on energy futures trading investors who have purely financial motives, representing a major change by the Obama administration away from the hands-off policies of the preceding Bush White House, The New York Times reported.

    The newspaper said the CFTC has already put in place tougher information requirements meant to identify the role played by hedge funds and traders who swap oil futures contracts outside of regulated exchanges.

    "My firm belief is that we must aggressively use all existing authorities to ensure market integrity," Gary Gensler, chairman of the commission, said in a statement. The Times said Gensler indicated the CFTC would also consider imposing federal "speculative limits" on futures contracts for energy products.

    Reply to: OIl, consumer spending, and the Recession   15 years 4 months ago
    EPer:
  • Practically my entire blog is devoted to the idea of modeling state-owned banks in every state along the lines of the Bank of North Dakota.

    Yes, the United States could eventually restore Hamilton's sovereign credit system to replace the (Keynesian fueled) monetarist system, and replace the privately owned Federal Reserve. We have cancelled the Rothschild-controlled private US banking charter several times since the signing of our Constitution, but it usually resulted in war. Then Wilson chartered the Federal Reserve and we were F#%KED.

    http://www.youtube.com/watch?v=USGSOViaulc

    But State banks can bring a soveregn credit system back to America at the state level. I have a Florida petition started but others should consider working their states as well.

    Reply to: Progressive solutions to California's economic crisis   15 years 4 months ago
  • for twenty years over the faults in the "global economy" theory. Economists would never accept my theory on declining human capital and its eventual negative effect on society. Such strict numbers people as they were/ are, seemed to think erasing the expense of human capital would, in their minds, always continue to increase profits. They never considered the theory of an economy of people without capital and using debt financial for their daily lives would have a bad end.

    In my theory there is a point that wringing out human capital for higher efficiency starts to create inefficacy in the societies economic system. As economists try to reach the impossible efficiency of 100% (human capital) capital there would be less and less capital in the hands of the human capital. They have tried to reach a higher efficency by moving the labor to a lower cost labor market. But that again creates unemployed people. Creating people that lost their jobs in the USA to have less capital.

    I like to call them people.

    Reply to: Boston Fed: Obama's efforts toward housing "misdirected"   15 years 4 months ago
    EPer:
  • to a deflationary cycle, as savings would still be consumer $ pulled out of the economy.

    This begs the common sense question of "where are the savings being parked?"

    The Fed cutting interest rates is not encouragement for traditional savings. Most saw their 401's and IRA's decrease by up to 50% in 2008, leading me to believe most would not be motivated to pour more into these accounts.

    So I looked into the methodology of the  BEA  

    The most frequently cited measure of the personal saving rate is based on the National Income and Product Accounts (NIPA). It is constructed by forming the ratio of Personal Saving to Disposable Personal Income (DPI), where DPI is defined as Personal Income (including wage and salary income, net proprietors' income, transfer payments less social insurance, income from interest and dividends, and net rental income) less tax and nontax payments to governments. Personal Saving is found by subtracting from DPI total Personal Outlays, 97% of which consists of Personal Consumption Expenditures (including consumer durables), with the remainder composed of Interest Paid by Persons (individuals, nonprofits, and trust funds) and Net Personal Transfer Payments to the Rest of the World. Given that personal saving is determined as a residual in the NIPA, measurement errors that appear anywhere in the computation of DPI or Personal Outlays will cumulate in personal saving.

     

    We have to put the savings rate in larger context

    BEA link

    BEA NIPA-FFA Savings

    However, I digress. Savings and credit/debt (as you pointed out) may operate in different spheres. One small sect with a disproportionately large amount of wealth may possibly be saving (perhaps seniors), while a larger sect is fueling their lifestyle or necessary spending (gas,groceries) with ever-dwindling credit.

     

    The problem is that without real wage growth, the system is unsustainable. Participants in the overall economy have to earn enough to meet necessary demands without the credit bridge to contribute to real economic growth.

    Reply to: Delveraging Anyone?   15 years 4 months ago
  • Well while Elvis was making movies, the beatles were conquering the world. While the US is busy, expending money in wealthy middle east countries who shold be able to fiance their own security, and passing bills like the progress killer bill like CAP & TRADE, China is buying up the world natural resources,because the chinese like the rest of the world knows that in order to produce we have to have the raw material,so they make sure they have the raw material so can produce more and cheapper, we will be all making them a profit no matter what.
    The US are not investing in manufactoring , in fact the CAP & trade bill will make harder to open up plants here anywhere in the 50 states .China act as a business man, no matter what happens in the world, China dont interferes with it, they do business with any country as long as it brings a profit. Too bad US dont know how to mind its own business....

    Reply to: China to Fed: No more Treasuries we want land??   15 years 4 months ago
    EPer:
  • A judge can eliminate the debt from GM, but he can't eliminate the competition. Unfortunately, GM still has to deal with intense competition in product and new product development process against Kia, Hyundai, Tata Motors, Toyota, Honda, Nissan, etc. GM may have changed its balance sheet, but not its management or decision making processes, which bodes poorly for its future. Read more at http:/www.ThePhoenixPrinciple.com

    Read ebook on "The Fall of GM" at http://tinyurl.com/nap8w8

    Reply to: GM Selling Itself to....GM?   15 years 4 months ago
  • the U.S. has gone from negative savings to something like 6.8% (sorry if this is inaccurate, it's around there) but the real question is how much of that is Seniors pocketing away their Stimulus rebate and so on?

    For your average working person, no job, living on credit cards as credit cards jack up the rates!

    Reply to: Delveraging Anyone?   15 years 4 months ago
    EPer:
  • LOL

    Yeah, the Church to this day and over the years isn't exactly the bastion of purity but on the other hand, this is a major religious organization, leader and sure beats their usual "amnesty is all good" crud pounding in the U.S. I am not Catholic but as I understand how it works, the Pope is kind of like a President for life so if they are now coming out with some facts on how we have an increasing wealth disparity going on globally, well, good for them.

    Reply to: Even the Pope Says Globalization has run amok and steam rolled workers   15 years 4 months ago
    EPer:
  • Well...well...well, so is this the very same Laura Tyson who was such an strong supporter of NAFTA? Remember her?

    The very same Laura Tyson who signed that Bretton Woods Committee letter (I believe it was dated Feb. 9, 2009) sent to Congress which killed the "buy American" clause in the federal stimulus package?

    Now, if that clause was sooo bad, how come the Chinese very own stimulus contained a "buy Chinese" clause? Because it prevented the offshoring of Chinese jobs, and ensured the next wave (or tsunami, as it were) of the offshoring of American jobs, while steering the bulk of the stimulus funds to the multinational corporations.

    Geez, I really don't give a rat's tail what Laura Tyson thinks about anything, just wonder why the Obama Administration is so uniformly staffed with offshoring evangelists?

    Diana Farrell, formerly of McKinsey Global Institute, number one offshoring evangelist and deputy director of Obama's National Economic Council. (She also signed that Bretton Woods Committee letter to Congress.)

    Gary Locke, Sec'y of Commerce, when governor of Washington he offshored state jobs in 49 of 51 state agencies.

    Rahm Emanuel, formerly of Wasserstein Perella, private equity firm which strongly encouraged (as do all the private equity firms) the offshoring of American jobs, and Emanuel has been a super supporter for every "free trade" act. The list goes on and on.

    Reply to: Surprise, Surprise: Obama Advisor Says Second Stimulus Needed   15 years 4 months ago
  • Given that Vatican City was granted sovereignty by none other than Benito Mussolini (1929), certainly a Pope should know something about corporate fascism!

    Or perhaps he has yet to hear about karma offsets????

    Reply to: Even the Pope Says Globalization has run amok and steam rolled workers   15 years 4 months ago

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