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    World Economic News and Discussion

    magnumcromagnon
    magnumcromagnon


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    Post  magnumcromagnon Mon Feb 14, 2022 9:42 pm

    kvs wrote:Chomsky is a scumbag with his hysterical stance on covid-19 vaccination.   He is worried about dying because some "dirty unvaxxed"
    will give him the disease.   Nothing he says today has any weight.   It is all his dementia talking.


    Gnome Chomsky is a limited hangout operator, incredibly common among quackademia. Gnome falls in this category:

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    TMA1
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    Post  TMA1 Tue Feb 15, 2022 1:15 pm

    andalusia wrote:
    TMA1 wrote:Chomsky certainly is blinded by his own biases and designs but this reads like a former commie to neolib sellout bitching about a former hero. Thry are both blinded by ideology and I reject Chomsky and his circle and the neoliberal worldview altogether.[/quote

    The Latin American left should strongly consider  land value taxation to address the land concentration problem.

    https://mcleveland.org/blog/index.php/2018/06/how-colonies-can-liberate-themselves-by-taxing-real-estate/ 

    http://dollarsandsense.org/blog/2021/03/taxing-more-from-the-rich-is-difficult-this-is-how-to-do-it.html

    Will check the links out bro thanks. And about magnumcromagnum's post that is sad. I've seen this trend a lot in the fortran world. Peter Levenda has been accused of spook connections same with Terence Mckenna. Messed up.

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    andalusia


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    Post  andalusia Fri Feb 18, 2022 9:47 am

    TMA1 wrote:
    andalusia wrote:
    TMA1 wrote:Chomsky certainly is blinded by his own biases and designs but this reads like a former commie to neolib sellout bitching about a former hero. Thry are both blinded by ideology and I reject Chomsky and his circle and the neoliberal worldview altogether.[/quote

    The Latin American left should strongly consider  land value taxation to address the land concentration problem.

    https://mcleveland.org/blog/index.php/2018/06/how-colonies-can-liberate-themselves-by-taxing-real-estate/ 

    http://dollarsandsense.org/blog/2021/03/taxing-more-from-the-rich-is-difficult-this-is-how-to-do-it.html

    Will check the links out bro thanks. And about magnumcromagnum's post that is sad. I've seen this trend a lot in the fortran world. Peter Levenda has been accused of spook connections same with Terence Mckenna. Messed up.

    These are two good articles that make an important reason why the Founding Fathers of the US supported the Estate Tax.  

    I think countries in Latin America that have a history of family wealth dominance being passed down should consider something like this.  


    https://www.theatlantic.com/business/archive/2016/02/resistance-estate-tax/470403/?fbclid=IwAR365DSP8yR4wTHu7Fg9FFsmC-1sG7mjOVOMDs0S--VZXqi2Iilah7r0C_o

    https://www.economist.com/lexingtons-notebook/2010/10/14/you-cant-take-it-with-you?fbclid=IwAR3hTaCFlMQy8Crt3Eqqr3k33EEziUQMqKFL8GR4DBE9sZVb9OZZjhXUTOA
    Kiko
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    Post  Kiko Thu Mar 17, 2022 1:29 pm

    Eurozone inflation hits record 5.9% in February, 17.03.2022.

    In the euro area, inflation rose to 5.9% year-on-year in February. According to the statistical agency of the European Union (EU) Eurostat, published on March 17, this figure was a record for the entire existence of the currency.

    “The eurozone annual inflation rate was 5.9% in February 2022, compared to 5.1% in January. A year earlier, this figure was 0.9%,” the Eurostat report says.

    The agency attributed such a sharp jump to the rapidly increasing prices for resources - by 32% for the same February.

    Thus, the inflation rate reached its highest level in the euro area since the introduction of the currency in 2002.

    On March 16, the United Nations Conference on Trade and Development (UNCTAD) published a report in which it predicted the inevitability of shocks in the global economy , rising food and fuel prices. This is connected with the events in Ukraine.

    The White House said on March 14 that the cost of gasoline in the United States will rise , so the country's authorities are considering a number of measures to reduce prices.

    Representative of the UN World Food Program (WFP) Thomson Peary on March 11 put forward a hypothesis that the situation in Ukraine could lead to world hunger due to rising food prices.

    As Russian President Vladimir Putin noted on March 10 at a meeting with the government , energy prices in the West are rising due to their own miscalculations.

    On March 10, Deputy Foreign Minister of the Russian Federation Alexander Pankin, in an interview with Izvestia, indicated that the consequences of the sanctions imposed against the Russian Federation against the backdrop of a special operation in Ukraine would affect the global economy . According to him, in some industries the demand for Russia in the world reaches 50%. The Deputy Minister emphasized that the sanctions policy of the West will lead to a break in logistics, marketing and production chains and shock prices for goods.

    On the same day, Chinese Foreign Minister Wang Yi stressed that new sanctions against Russia over Ukraine could exacerbate food and energy crises in the world .

    Western sanctions were imposed after Russia launched an operation to protect civilians in the Donbass on February 24 . As Kremlin spokesman Dmitry Peskov clarified at the time, the special operation has two goals - the demilitarization and denazification of Ukraine.

    A few days earlier, the situation in the region escalated significantly due to shelling by the Ukrainian military. The authorities of the Donetsk and Lugansk republics (DPR and LPR) announced the evacuation of residents in the Russian Federation, and also turned to Moscow for help. On February 21, Putin signed a decree recognizing the independence of the DNR and LNR.

    https://iz.ru/1306559/2022-03-17/uroven-infliatcii-v-evrozone-za-fevral-dostig-rekordnoi-otmetki-v-59

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    Kiko
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    Post  Kiko Thu Mar 24, 2022 5:47 pm

    Moscow, Tehran developing SWIFT alternative - Iranian ambassador. 24.03.2022.

    Separate financial messaging system will allow countries to trade and bypass Western sanctions.
    Russia and Iran have been cooperating to connect their interbank messaging systems in order to bypass the SWIFT financial transactions network, Kazem Jalali, ambassador of the Islamic Republic of Iran to Russia, said on Thursday.

    Both countries are facing severe Western sanctions, making settlements in trade through SWIFT difficult or impossible.

    “We are making efforts in this direction…” Jalali told reporters, as quoted by RIA Novosti news agency.

    Last month, seven Russian banks were severed from SWIFT, effectively denying them access to international markets. The ban was part of the latest Western sanctions targeting Russia over its military operation in Ukraine.

    https://www.rt.com/business/552610-moscow-tehran-developing-swift-alternative/

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    GarryB
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    Post  GarryB Fri Mar 25, 2022 12:52 am

    Chomsky is a scumbag with his hysterical stance on covid-19 vaccination. He is worried about dying because some "dirty unvaxxed"
    will give him the disease. Nothing he says today has any weight. It is all his dementia talking.

    Wow... you disagree on Covid so everything he ever said and did is now wrong?

    KVS, the woke cancel culture of the west has infected you... this forum is supposed to be the vaccination for that and it has failed... I wont take it personally but please see a GP.

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    kvs
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    Post  kvs Fri Mar 25, 2022 2:22 am

    Cancel culture means silencing a target individual. I stated a factual opinion. Senile paranoia is not the basis of health policy.
    An individual's previous intellectual contribution does not give them a blank check to push whatever insanity they want later.

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    magnumcromagnon
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    Post  magnumcromagnon Sun Mar 27, 2022 6:38 pm

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    GarryB
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    Post  GarryB Mon Mar 28, 2022 4:22 am

    You disagree with his views on one thing and all of a sudden he is a senile old git who is wrong about everything?

    Sounds like you are cancelling him to me.

    And it is OK to charge more for Freedom gas... the Europeans will pay top dollar for that stuff...
    kvs
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    Post  kvs Mon Apr 18, 2022 1:40 am

    link

    The situation in Ukraine is hitting the Finnish economy hard, analysts have found out

    Danske Bank: situation in Ukraine hits Finland harder than other Nordic countries

    HELSINKI, 5 Apr-RIA Novosti. The situation in Ukraine and the subsequent anti-Russian sanctions
    affect the Finnish economy more than other countries in the northern region, according to an
    assessment by Danske Bank.

    "Danske Bank lowered its growth forecasts for Finland and Sweden compared to the previous report
    at the beginning of the year. Finland is expected to grow by 1.7% instead of 2.8%, and Sweden-by
    2.5% instead of 3%. The Bank maintains its growth forecast forNorway (3.8%) and raises the forecast
    for Denmark increased by one percentage point to 3.5%, " the report says.

    Anyone who needs and example of the delusional propaganda spewed out in the west about western economies
    can read the above numbers. So the massive surge of inflation in the EU and the severance of economic
    links to Russia will simply drop the growth of the Finnish GDP for 2022 from 2.8% to 1.7%. Really, now?
    No actual economic impact but simply movement in the noise?

    At the same time you have hysterical yapping about Russia's GDP contracting by 15%. On what basis is the
    Russian GDP going to contract if the Finnish GDP will not? Those banana republic natural gas and oil exports
    to the EU will stop? And no gas in the EU has zero effect?

    F*ck off.

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    GarryB
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    Post  GarryB Mon Apr 18, 2022 7:23 am

    So we have Fins and Swedes saying they are cutting all ties with Russia and everything will be great because they will be independent of Russia, and here we have a Danish bank stating that cutting ties with Russia is going to effect both economies... Finlands more than Swedens... but still a hit.

    I am sure it will be worth it, because obviously American soldiers will be a much more generous source of money and probably not as many pretty young local women will be attacked as happens in Japan or South Korea...

    Current US culture and morality it might be boys than need to be afraid.


    Yes, I know... a very anti US thing to say but the US moved bio weapons labs and Nazis and nuclear weapons to Russian borders for reasons that don't include being friends, and the people of the US seem to be fine with that and are calling Putins response an over reaction.

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    SolidarityWithRussia


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    Post  SolidarityWithRussia Sat May 28, 2022 3:27 pm

    What are the chances that the monkeypox are going to be an even worse lab-made pandemic than Covid? I have expected such a scenario since Bill Gates "predicted" the next pandemic, until we give up our freedom to organziations led by elitists like him.
    GarryB
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    Post  GarryB Sun May 29, 2022 3:48 am

    Will be interesting as different places had more problems with smallpox than others so you will have some populations that have better immunity than others...
    franco
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    Post  franco Thu Jun 02, 2022 2:36 am

    TOP 11 countries in the World with PPP versus GDP

    https://twitter.com/ShangguanJiewen/status/1532127238035886081/photo/1
    Kiko
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    Post  Kiko Thu Jun 09, 2022 8:22 pm

    Bad harvest forecast for EU, 09.06.2022.

    Grain production is expected to drop across Europe this year due to dry weather, data shows.

    Production of wheat and other grains in the European Union is expected to fall this year, the Wall Street Journal reports, citing a survey by agriculture consulting firm Strategie Grains, published on Thursday. A bad harvest in the EU could further pressure grain markets, it said.

    According to the survey, the EU is expected to produce almost 5% less wheat this year compared with 2021. It was also forecast to produce 278.8 million metric tons of all grains in the 2022-2023 growing season, down over 4% from last year, because of the dry weather.

    Production in France, which is the fifth-largest grower of wheat in the world, was also projected to decline by more than 5%. The country accounts for about 18% of European agricultural production, according to the French Ministry of Agriculture. France is also the fourth-biggest wheat exporter globally.

    In addition to dry weather, the country’s agricultural land has been hit with severe storms, that damaged wheat, fruit and vineyard land.

    “Combined with spells of extreme heat–the mercury having risen well above seasonal averages–this weather took a negative toll on the condition of all cereal crops in Europe, during the period of critical yield formation phases,” Strategie Grains said.

    The grim forecast comes at a time when the grain crisis is being felt across the globe as wheat prices have surged to record highs over the past two months. The global food market, already affected by weather and the Covid pandemic, was dealt another blow due to the Russia-Ukraine conflict and Western sanctions on Moscow. Together, Russia and Ukraine export more than a quarter of the world’s wheat. Russia is also the world’s largest exporter of fertilizers.

    This has sparked fears of global food insecurity and hunger. The executive director for the UN’s World Food Program, David Beasley, had earlier said that 49 million people in 43 countries are already “knocking on famine’s door.”

    https://www.rt.com/business/556891-eu-bad-harvest-forecast/

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