MeisterEckhart wrote on Mar 12^th, 2023 at 3:03pm:


Meantine, you aren't concerned about the neoclassical fool Lowe's moves in the next few months, with many Oz mortgages changing from fixed to variable - in the highest price housing market on the planet...

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No, I focus on Oz, while the population is becoming more disturbed everyday by Lowe's ignorant attachment to a failed neoclassical economic orthodoxy...you can't turn on TV these days without hearing a report on increasing mortgage disasters.



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And inequality in the West is reaching levels last seen immediately before the Great Depression. SVB interest- rate driven failure:  the tip of the iceberg.

ShellShilo wrote on Mar 11^th, 2023 at 4:01pm:


Yes I have. Several times. Great place. Lovely people. BTW, this is the communist propaganda I am talking about. Are the Chinese people really stupid enough to believe it?

Have you ever left your parents basement on the outskirts of Beijing?

Lisa Jones wrote on Mar 12^th, 2023 at 3:25pm:


Too inadequate to resume the debate in the MMT thread?


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And you claim to have tertiary-level capacity for analysis.

I said the current egregious levels of inequality have reached the same levels last seen in 1929.

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Er...guess what is still the world's reserve currency (though decreasing fast...); with US inflation double that in China.

And:

https://www.msn.com/en-au/money/other/uk-finance-minister-and-bank-of-england-wo...

UK finance minister and Bank of England work to contain SVB fallout

Gawd... a US bank f**kup already affecting the UK.

freediver wrote on Mar 12^th, 2023 at 4:07pm:


Again I ask, WHAT SPECIFICALLY IS THE COMMUNIST PROPAGANDA THAT YOU'RE TALKING ABOUT? Is it that the byproduct of Capitalism, is to separate society into  multi-classes based on wealth? Is it that the individual's worth will always be defined solely on his capacity to consume(wealth)? Is it that the separation between rich and poor will continue to increase, as more and more capital is consumed? Or, is it Communist propaganda, to simply question anything about the western government's ideology or economy? You do realize that the Communist Ideology(economic and political), is the OPPOSITE of Capitalism and Liberal Democracy? Right?

I was born and raised in the US. And, I've also been back many times. I've seen America evolve from, "everybody knows your name", to "everybody knows your game". A whole generation of people who know more about movie actors and news celebrities, then their own families. A country where the top 200 grossing movies of all times, are cartoons, fantasies, and comic book super heroes. Which may also be contributing to the " dumbing down" intellectually, of the Americana society. IMHO

https://www.boxofficemojo.com/chart/top_lifetime_gross/?area=XWW

My home and property don't have a basement. And, my parents have past away. And, because of Covid restrictions, I wasn't able to say my last good bye to my mother. I left my country in '82. When plainclothes police started riding the school buses. I figured this is NOT the place where I want to raise my children.

The only thing that matters in my posts, IS THE TRUTH! Is what I'm saying right or wrong? Any other labels are irrelevant, or just a silly distraction. Maybe now you can address my concerns, why we should NOT be involved in a proxy war with Russia? Or, does the real possibility of a nuclear exchange mean nothing to you? Remember Russia is fighting against at least 30 nations. Not just the Ukraine! What is the exit strategy of these nations? How many more Russians and Ukrainians will die needlessly? How many more refugees will be displaced? How much more of the Ukraine will become useless?

I don't want, "On the Beach" , to become a reality.

 

ShellShilo wrote on Mar 12^th, 2023 at 11:50pm:


I literally just quoted it. The CCP has been telling this same lie for 60 years, in an attempt to hide from the Chinese people how horribly incompetent they are as a government.

The real question is, are the Chinese people really stupid enough to believe it?

freediver wrote on Mar 13^th, 2023 at 6:19am:


ShellShilo after you finish addressing the above question I would like to know this : what do you personally think about China and the CCP?

thegreatdivide wrote on Mar 13^th, 2023 at 12:19pm:


Why are you answering for ShellandShilo?

I asked YOU another question.

In fact I asked YOU a few. One of those involved the central bankers. The other involved water.

Lisa Jones wrote on Mar 13^th, 2023 at 1:03pm:


At last..... a question for discussion, congratulations.

1. Fall off my chair....

2. Congratulate Trump if indeed he stops the war in Ukraine

3. NATO joins Russia, meaning  China is then the only credible threat to US global hegemony, without China being aligned to Russia? 

Well I'll play (despite the unreality of NATO aligning with  Russia, even if directed by Trump's 'genius' as a communicator).

You still have South America, ME and Africa, all developing countries, and all inclined to trade with China in the hope of emulating China's successful development  model.

So if China discovers how to extract and combine the most effective national development mechanisms from both the central-planning AND free market systems of development, China will remain a formidable competitor to the US and the West.

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Refuted above, my place of residence is irrelevant,

though speaking of water, I did see a doco on the South North Water Transfer Project in China;

https://en.wikipedia.org/wiki/South%E2%80%93North_Water_Transfer_Project


"'Project of diverting water in the South to the North') is a multi-decade infrastructure mega-project in China. Ultimately it aims to channel 44.8 billion cubic meters of fresh water annually[2] from the Yangtze River in southern China to the more arid and industrialized north through three canal systems:[3]

Mind-blowing mega engineering projects like these are springing up all around China (which is why Oz hasn't devolved into a 3rd world economy:  China's voracious demand for ore imported from Oz are being consumed at an incredible rate, eg in 2010-2013, China poured more concrete than the US did in the entire 20th century.