{"id":14769,"date":"2015-11-25T07:52:15","date_gmt":"2015-11-25T12:52:15","guid":{"rendered":"http:\/\/olduvai.ca\/?p=14769"},"modified":"2015-11-25T07:52:15","modified_gmt":"2015-11-25T12:52:15","slug":"the-world-economy-a-balancing-act-soon-to-collapse","status":"publish","type":"post","link":"https:\/\/olduvai.ca\/?p=14769","title":{"rendered":"The World Economy \u2013 A Balancing Act Soon to Collapse?"},"content":{"rendered":"
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The World Economy \u2013 A Balancing Act Soon to Collapse?<\/a><\/h3>\n<\/header>\n
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\"Balancing-Act\"<\/a><\/p>\n

 <\/p>\n

COMMENT:<\/strong>\u00a0Dear Martin,
\nFrom reading your blog and other news I can conclude that the low interest rate has failed to increase the private business activities to the level that normally would require an increase in interest rates. The arguments now are to increase interest rates to save pensions funds and to be able to reduce interest rates if we get another financial crises.
\nTo me it look like the system is totally out of balance and have not worked like the normal capitalistic system since 2006.
\nRegards<\/p>\n

Fk<\/p>\n

\"EconomicCartoon\"<\/a><\/p>\n

REPLY:<\/strong>\u00a0Correct. Governments have embraced\u00a0Marx<\/a><\/strong>\u00a0&\u00a0Keynes<\/a><\/strong>\u00a0because they argued that government had the\u00a0RIGHT\u00a0<\/strong>and the\u00a0CAPACITY<\/strong>\u00a0to manipulate society by the economy creating Utopia eliminating the business cycle. They create economic disasters, blame others, and then start wars to get out the mess. It is never our interests at stake \u2013 only their\u2019s. The\u00a0Free Market<\/strong>\u00a0always wins and this age of Socialism where they decide how to spend your money (usually on themselves), is coming to an abrupt end just as did communism. This balancing act has been a disaster because they assumed they had the power to control something they have no clue about how it even functions. Sorry but\u00a0Smith<\/a><\/strong>\u00a0and\u00a0Schumpeter<\/a><\/strong>\u00a0win.<\/p>\n

\"Safety-Net\"<\/a><\/p>\n

Ironically, those who lived in communist states are better equipped to survive for they simply expect nothing from government. In Europe and the USA, people stupidly believe government is there with a safety net to help them. They keep moving the age for retirement. They keep raising taxes which\u00a0proves<\/strong>\u00a0they are incapable of any fiscal management since to raise taxes means you failed to do what you promised. Indeed, like Will Rogers, one need not joke about government and politicians, all you have to do is state the facts.<\/p>\n

\"History-Repeat\"<\/a><\/p>\n

…click on the above link to read the rest of the article…<\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"

The World Economy \u2013 A Balancing Act Soon to Collapse?   COMMENT:\u00a0Dear Martin, From reading your blog and other news I can conclude that the low interest rate has failed to increase the private business activities to the level that normally would require an increase in interest rates. The arguments now are to increase interest […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[2],"tags":[5496,3299,236,379,5479,2799,783],"class_list":["post-14769","post","type-post","status-publish","format-standard","hentry","category-economics","tag-armstrong-economics","tag-communism","tag-economic-collapse","tag-government","tag-martin-armstrong","tag-socialism","tag-taxes"],"_links":{"self":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/14769","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=14769"}],"version-history":[{"count":1,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/14769\/revisions"}],"predecessor-version":[{"id":14770,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/14769\/revisions\/14770"}],"wp:attachment":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=14769"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=14769"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=14769"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}