Category Archives: International

Economic Tomfoolery

Economic ignorance allows us to fall easy prey to political charlatans and demagogues.” ~ Dr. Walter Williams

The world economy is six times larger than it was half a century ago, growing at an annual rate of 4 percent during the period. New technologies have paved the way for more efficient production systems in a wide range of industries and promoted economic growth. From 1965 to 2013, the average annual growth rate of world GDP per capita was about 2 percent, and in more than half of the past 50 years, the world grew faster than this average. As a result, global per capita GDP more than doubled between 1965 and 2013 despite a major increase in population.” ~ IMF

Judged by the huge strides that people all over the world have made in overcoming poverty and want, it is only a slight exaggeration to say that little of economic consequence happened before the last three centuries. Before that, most of the world not only took poverty for granted, but also assumed that little could be done about it. Even the most optimistic early writers could not imagine that more than a few percent of the population would ever be well off; they thought that the best we could do for the masses would be to minimize their suffering on Earth.
~ econlib.org

Poverty and inequality

Money - ResourcesThe world population grew from 3 billion in 1965 to about 7 billion in 2013, but the global economy grew faster than the world population, leading to a better standard of living for the average world citizen.” ~ IMF

Life expectancy grows even though the population growth rate decreased.

The average world citizen is richer than ever thanks to the growth the global economy has enjoyed over the past 50 years. However, the benefits of this growth have not been equally distributed—the result is enduring poverty and inequality.” ~ IMF

When we read about the great civilizations of ancient Egypt and Rome or of the Aztecs and the Incas, we tend to compare them with the empires of Britain or the growth of the United States. This comparison, judged in economic terms, is highly misleading. Although the great civilizations in Egypt and Rome were able to construct big buildings, the vast majority of their citizens, by today’s standards, were dirt poor.” ~ econlib.org

Why is that true? Technology advancements play a big part. Certainly having sufficient energy, clean water, and food supply, along with IMF is governed by and accountable to the 189 countriesa lack of strife, all play important roles. Governments do play a huge role. The most drastic comparison between how governments function are North and South Korea. The basis of economic circumstances for each country are similar however their respective governments are vastly different in the level of control they apply to their population. The short summary is that North Korea is a highly controlled, central managed economy, whereas South Korea allows more individualized control and free markets. Of course embargoes by the west exacerbate North Korea’s problems.

China and Honk Kong

When the United Kingdom’s lease ended on Hong Kong in 1999, China was handed a jewel in that region of the world. Having traveled and transacted business there before the change over, I saw a vibrant overall economy with a significant amount of freedom. Evidently, China found they didn’t want to kill the golden goose, and incorporated many of the free market ideas from this island economy.

The IMF states, more than a billion people, mostly in sub-Saharan Africa and south Asia, are in extreme poverty. What they claim are some of the causes, are more along social-democrat ideology, rather than the obvious. Those who live within the borders of despotic, highly centralized, corrupt governments, suffer the most with inequality and poverty. It’s free market economies and those who have governments with less corruption, less emphasis on large military’s that are the biggest winners.

It’s popular to condemn greed but it’s greed that gets wonderful things done. When I say greed, I don’t mean stealing, fraud, misrepresentation, and other forms of dishonesty. I mean people trying to get as much as they can for themselves. We don’t give second thought to the many wonderful things that others do for us.“ ~ Dr. Walter Williams

People in the education and political establishments pretend they’re not motivated by such “callous” motives as greed and profits. These people “care” about us but which areas of our lives do we derive the greatest pleasures and have the fewest complaints, and which areas do we have the greatest headaches and complaints? We tend to have a high satisfaction level with goods and services like computers, cell phones, movies, clothing and supermarkets. These are areas were the motivation is greed and profits. Our greatest dissatisfaction are in areas of caring and no profit motive such as public education, postal services, and politics.” ~ Dr. Walter Williams

.. economics studies the consequences of decisions that are made about the use of land, labor, capital and other resources that go into producing the volume of output which determines a country’s standard of living. Those decisions and their consequences can be more important than the resources themselves, for there are poor countries with rich natural resources and countries like Japan and Switzerland with relatively few natural resources but high standards of living.” ~ Dr. Thomas Sowell

Economic Equality

Economic equality is firstly a false concept. It ignores market fundamentals as basic as water level & gravity, meaning different inputs are going to produce different outcome. I’ve heard advocates of basic income for all. Their belief is the economy would improve as everyone would at least have enough to sustain themselves and would increase demand for goods and services.

When aspiring entrepreneurs are brought into the TV reality show, Shark Tank, they present their product or service, then asked a series of questions. The “Sharks” are successful entrepreneurs in their own right. Their goal is to get a return on their investment and own a piece of the next big business idea. Three things should be obvious to the casual observer.

  • You need to be prepared with a good idea with market research.
  • Capital will flow to you from those with greater wealth.
  • The government doesn’t create wealth.

There’s an ongoing effort to counter marketplace realities with explanations and statistics stating “trickle down economics” doesn’t benefit anyone. A simple catch phrase or populist econo-babble doesn’t negate the basics behind economic success.

  • a market with less barriers and cost will be more successful.
  • products & services must be sufficiently desirable for people to want to engage in trade.
  • in order to launch and maintain a product or service in the marketplace startup and working capital must be obtained.

If you want to place a coined phrase on this process, trickle down is sometimes used, because like water, capital flows from places of sufficiency or even excess to those who have skills, products, or services that are sought after. Despite the efforts of the IMF to post their claims to the contrary, they owe their existence to the wealth produced by prosperous nations, primarily the United States.

What is the IMF?

The IMF was created in 1945, with the goals of fostering global monetary cooperation, secure financial stability, facilitate international trade, promote high employment and sustainable economic growth, and reduce poverty around the world. the IMF is governed by and accountable to the 189 countries that make up its near-global membership.foster global monetary cooperation, secure financial stability, facilitate international trade, promote high employment and sustainable economic growth, and reduce poverty around the world.

The IMF has had two recent disgraced leaders, Dominique Strauss-Kahn was charged with allegedly brutally attacking a New York hotel maid, Nafissatou Diallo on 14 May 2011. The charges were dismissed at the request of the prosecution which described serious doubts in Diallo’s credibility and inconclusive physical evidence. The physical evidence indicated a sexual encounter but did not prove use of force or non-consent. Strauss-Kahn admitted his liaison with Diallo was a moral fault and described it as “inappropriate” but that it did not involve violence, constraint or aggression. He said that Diallo had lied and that he had no intention of negotiating with her over a civil suit she had filed against him. The suit was later settled for an undisclosed amount, but subsequently reported to have been $1.5 million.
In his defense, Diallo had previously fabricated a detailed story of being gang raped by soldiers in Guinea, which was later found to be untrue.

The next Managing director of the IMF, Christine Lagarde, was found guilty of criminal charges on 19 December 2016. She was linked to the misuse of public funds dating to her time as France’s finance minister. She didn’t serve jail time or have to pay a fine. She maintained her innocence throughout the trial, calling the charges politically motivated. The IMF has stood by her, and her IMF biographical page doesn’t mention this case or conviction.

References

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War is Failure to Win

Why would I start out with such a title? Isn’t war about winning? The movie about the life of General Patton started out with a speech. Among his remarks, this was said.

“America loves a winner, and will not tolerate a loser, this is why America has never, and will never, lose a war.” “War is the supreme test of man in which he rises to heights never approached in any other activity.”

Patton also said this; “Many soldiers are led to faulty ideas of war by knowing too much about too little.”

General_George_Patton_bwPatton enjoyed war, more than others and even he knew it’s terrible consequences.

War is a failure for people all living on the same planet, who don’t understand how to get along with each other. There have been despots, tyrants, dictators, and rulers of every type. Throughout history, we witness one battle or war after another. The United States, since the beginning has been involved in fighting amongst itself or other nations, over 90% of the time.

Unlike what Patton quoted, Americans will never lose a war, he was wrong about that. Check out the war of 1812 for a start.

War is stupid.

Those who advocate it are either without conscience or unable to grasp the realities of it.

In 1860, with the Southern states ramping up their rhetoric and threatening the union, this is what William Tecumseh Sherman wrote:

You people of the South don’t know what you are doing. This country will be drenched in blood, and God only knows how it will end. It is all folly, madness, a crime against civilization! You people speak so lightly of war; you don’t know what you’re talking about. War is a terrible thing!

To advocate a pre-emptive war is the moral equivalent of shooting someone on sight because they might commit a crime. If you suggest or listen to the nonsense of a pastor who says, “God wants us to go to war“, you’re listening to the wrong people and misinterpreting the words of the Bible. You may as well be a heathen if you advocate going to war. War is only justified when all other options are unavailable, that means right up to the time they attack. Once they’ve made that choice, you can revisit the decision.

There are too many things that can go wrong in a war, especially when you have China as their immediate neighbor. Think Germany had logistical and manpower problems when they attacked Russia in WWII? Russia lost over 20 million people under arms with many more civilian deaths, fighting against Germany. In rough terms, they lost nearly 20% of their population. China has over 1 billion people, and approximately 300 million, which they could use in their military. Think long and hard what that means? They don’t have any more respect for the potential losses in their population than the Russians did in the 1940’s.

Here’s another person very familiar with the tremendous cost of war.

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A nun burned to death in the Spanish Civil War

Robert E. Lee

What a cruel thing is war; to separate and destroy families and friends, and mar the purest joys and happiness God has granted us in this world; to fill our hearts with hatred instead of love for our neighbors, and to devastate the fair face of this beautiful world!My heart bleeds at the death of every one of our gallant men.
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President Donald Trump has launched a verbal volley at North Korea. On Wednesday, Trump said he would unleash “fire and fury like the world has never seen” on North Korea.

Defense secretary James Mattis said on Thursday, “diplomatic efforts to contain the threat posed by North Korea remain the favored means for solving the crisis.” He noted that the UN Security Council, unanimously passed a resolution that tightened sanctions against North Korea.

Russia called on the Trump administration to keep calm, and on Friday Russian Foreign Minister Sergey Lavrov told state media that his country was working with China on a “double freezing” plan to address the threat.

years_at_war_usa_chartIt may become necessary for the U.S. to go to war, but it shouldn’t do so without being first under attack. To shoot, bomb, or destroy someone, just because they have the means to kill you, isn’t justification to attack first. A person with morals doesn’t initiate conflict. Words are not conflict, even though they can aid an escalation of conflict.

Inside the borders of the U.S. we have strict laws which punish people who start fights or kill others. It doesn’t matter if someone swears at you or someone you know, or taunts you. They must first be the aggressor. Laws also don’t support revenge. Anyone advocating differently isn’t a moral person despite their claims to the contrary.

Whatever will happen, I hope cooler heads can prevail. Predictions of the outcome of any war are for fools and charlatans.

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A man shot and then run over by a tracked vehicle – Iraq

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Aftermath of Marines attacking Japanese soldiers

Influencing People Through Fear

People who wish to influence or control others have long since understood one of our prime motivators is the use of fear. It drives our instinct to survive, fight or flight. No normal person wants to sign up for pain & suffering. Secondary control factors include, financial incentives (reward), social status & peer pressure (ego).

torture-devicesGovernments, especially those who have unlimited power to do what they want, have used fear to motivate or control the populace. Torture was part of their tool kit, and the thought of ending up humiliated in shackles, or placed on a rack, was enough to instil fear in most people.

burn_in_hell_graphic

Christianity found their tool with the word, “hell”. You don’t behave, or do what the group thinks, you’re going to end up in a highly undesirable zip code, for eternity.

We see it’s more than peer pressure to influence predictions of climate change, we have government grants for educational and research institutions which measure and computer model predictions. The arsenal of control and scaremongering is reinforced through sympathetic media on “global warming“. If the latest trends don’t follow “scientific prediction”, than it’s called “climate change”. You places your bets, then change the predictions based on latest trends.

Which ever way the thermometer and weather, especially severe weather patterns change, it’s always based on “climate change”. Therefore if you have a drought, a flood, a grouping of tornadoes, it’s attributed to climate change.

Who Decides?

The Intergovernmental Panel on Climate Change (IPCC), states the largest contributor to global warming is the increase in atmospheric carbon dioxide (CO2) since 1750, particularly from fossil fuel combustion, cement production, and land use changes such as deforestation.

Human influence has been detected in warming of the atmosphere and the ocean, in changes in the global water cycle, in reductions in snow and ice, in global mean sea level rise, and in changes in some climate extremes. This evidence for human influence has grown since AR4. It is extremely likely (95–100%) that human influence has been the dominant cause of the observed warming since the mid-20th century.IPCC AR5 WG1 Summary for Policymakers

We’ve been here before – More Lies

In November 2009, hackers gained access to a server used by the CRU and stole a large quantity of data, anonymously posting online more than 1,000 emails and more than 2,000 other documents.

A series of independent public investigations of the allegations found no evidence of fraud or scientific misconduct. The Muir Russell report exonerated the scientists, but found “a consistent pattern of failing to display the proper degree of openness, both on the part of CRU scientists and on the part of the UEA”. The scientific consensus that global warming is occurring as a result of human activity remained unchanged.

In 2011, an analysis of temperature data by the independent Berkeley Earth Surface Temperature group, of whom some had stated they thought it was possible the CRU had manipulated the data, however concluded that “these studies were done carefully and that potential biases identified by climate change sceptics did not seriously affect their conclusions”.

So, the hacked emails supposedly didn’t reveal anything that pointed out a bias or a skewing of results. Here’s what some of the email said, you decide. See
University of East Anglia emails: the most contentious quotes.

From: Phil Jones. To: Many. Nov 16, 1999
I’ve just completed Mike’s Nature [the science journal] trick of adding in the real temps to each series for the last 20 years (ie, from 1981 onwards) and from 1961 for Keith’s to hide the decline.

From Phil Jones To: Michael Mann (Pennsylvania State University). July 8, 2004
“I can’t see either of these papers being in the next IPCC report. Kevin and I will keep them out somehow — even if we have to redefine what the peer-review literature is!”

From: Kevin Trenberth (US National Center for Atmospheric Research). To: Michael Mann. Oct 12, 2009
The fact is that we can’t account for the lack of warming at the moment and it is a travesty that we can’t… Our observing system is inadequate

You can click on the above link to see more of these emails.

More critical background and science history of Michael E. Mann found here.

Here we go again!

How can we trust global warming scientists if they keep twisting the truth?
| DailyMail February 11, 2017 | The following is an excerpt from their post.

The contentious paper at the heart of this furore – with the less than accessible title of Possible Artifacts Of Data Biases In The Recent Global Surface Warming Hiatus – was published just six months before the Paris conference by the influential journal Science.

It made a sensational claim: that contrary to what scientists have been saying for years, there was no ‘pause’ or ‘slowdown’ in global warming in the early 21st Century.
Indeed, this ‘Pausebuster’ paper as it has become known, claimed the rate of warming was even higher than before, making ‘urgent action’ imperative.

The ongoing battle between a radio host and author vs. the scientist.  | Michael E. Mann v. Mark Steyn

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