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Post by jdredd on Mar 1, 2016 4:32:22 GMT -5
www.bbc.com/news/business-35690833"If Argentina finalizes a deal with hostile funds NML and Aurelius Capital it would force the remaining holdouts to negotiate and could mean the end of a 15 year battle that turned the country into a pariah of the international markets. While its Latin American neighbours have had access to credit at around 5% interest rates, Argentina had been forced till now to pay at least double, leaving the country without much needed financial help. An agreement would also pave the way for future international investment, as it would create confidence in the country and it's adherence to the rule of law. But the deal will also have a political cost for president Mauricio Macri, as the fight against the "vulture funds" - as they are called locally - is considered a matter of national pride by many, who applauded previous president Cristina Kirchner's stand against them." So the new Argentina government bends over for the international loan sharks, just like Greece did. The world seems pretty devoid of inspirational stories.
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Post by jdredd on Nov 14, 2017 1:40:47 GMT -5
www.nytimes.com/2017/11/13/world/americas/venezuela-embargo-european-union.html?ribbon-ad-idx=4&rref=world&module=Ribbon&version=origin®ion=Header&action=click&contentCollection=World&pgtype=article"CARACAS, Venezuela — The foreign ministers of the European Union approved an arms embargo against Venezuela on Monday as part of what they called “restrictive measures” to pressure the administration of President Nicolás Maduro to strengthen the rule of law and democracy. The ministers also established the legal framework for sanctions, including travel bans and the freezing of assets, against government officials, a step the Trump administration has taken against dozens of Venezuelan government officials, including Mr. Maduro. But the ministers stopped short of naming any specific officials who might be subject to such penalties, saying they still hoped Venezuela could find a “peaceful negotiated way” out of its economic and political crises. “The primary responsibility for ending the crisis in Venezuela lies in the country,” the ministers said in a statement. “The E.U. calls upon the government to urgently restore democratic legitimacy, including through free and fair elections, and on the opposition to continue engaging in a united manner towards a negotiated solution to the current tensions, in the interest of the country.”b The international loan sharks, fresh from victories over Greece and Argentina, now are targeting Venezuela. Heaven help a nation that serves it's people and not the world Investorocracy. They will sink your economy in the name of "law and democracy", and laugh all the way to the bank.
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Post by jdredd on Nov 15, 2017 2:42:11 GMT -5
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Post by jdredd on Nov 16, 2017 3:14:04 GMT -5
I'm changing the name of this thread from "Investors vs The World" to "Investors vs The People", because it's obvious investors rule the planet.
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Post by jdredd on Feb 2, 2018 14:17:33 GMT -5
Name change again. I googled "investorocracy" and got ONE result, and that was about South Africa being an "investor-ocracy" with a hyphen. So it's about as close to being something original as I'll probably ever get.
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Post by jdredd on Feb 26, 2018 15:06:28 GMT -5
I've been looking for ways to cut back on my expenses so I can help Daughter of Dredd find a new rental, and one thing I found is to stop buying Murdoch's Wall Street Journal. That alone will save me about $100 a month. Besides, I am getting tired of reading all the gloating of the Investorocracy in the Age of Trump. I will miss Peggy Noonan, though, who had the integrity to admit that Trump was unhinged. Also Mona Charon who denounced Trumpism at the recent CPAC conference and was booed.
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Post by jdredd on Mar 1, 2018 1:37:28 GMT -5
Yes, I think the Investorocracy has triumphed. Which means, IMHO, that "every man for himself" has also triumphed. What else is investing all about? It's prime directive is "Buy low, sell high", which means the guy you bought low from got the shaft. Not to mention the moral dubiousness of lending for a profit. Oh, I forgot, usury is no longer a sin. On the other hand, it seems to create prosperity. But for how long? How soon to another 2008 or even 1929? How long will the tax cut "sugar rush" last? How many more tax cuts can we have?
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Post by jdredd on Mar 5, 2018 16:02:49 GMT -5
So a question is, will the Investorocracy go from triumph to triumph for the rest of the century, or is it a house of cards? There is no denying it is delivering the goods at the present. So who am I to disagree? The problem for me is the basic theory behind lending. I will give you money NOW if you give me more LATER. So basically, the lender OWNS the borrower's future. Which borrowers seem to have no problem with, and I admit it's none of my business. Stlll, it seems to me like an idea that is rotten in it's core. But I am benefiting from it now, and it's long term health is not my problem.
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Post by jdredd on Mar 17, 2018 1:53:20 GMT -5
Gosh, Trumpty is not as big of a friend to the Investorocracy as I thought, torpedoing the Broadcom takeover of Qualcomm over a trivial issue like national security. The Free Market freaks must be in a tizzy, since ALL that matters to them is the money that can be made buying and selling companies. Milton Friedman must be rolling over in his grave.
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Post by jdredd on May 29, 2018 3:43:06 GMT -5
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Post by jdredd on Sept 24, 2018 17:49:11 GMT -5
Happened to tune into AM radio this morning, something I usually avoid, and heard Rush spewing his venom and then a bunch of commercials. Then I had a McLuhan moment: Both Rush and the commercials were making the same point: Isn't Capitalism awesome? Maybe it is or maybe it isn't, but for the present era it is the only game in town. Not that it will last forever. Nothing does.
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Post by jdredd on Sept 29, 2018 18:34:55 GMT -5
I actually bought The Economist the other day. They suckered me in with a cover story on the buffoon in Brazil. And like the WSJ, the zine is deep into Investorocracy Triumphalism, except from the European point of view. Yes, we "won" the Cold War and Capitalism is the only game in town, but all the endless gloating makes me ill.
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Post by jdredd on Dec 20, 2018 12:50:43 GMT -5
www.nytimes.com/2018/12/20/business/federal-reserve-india-interest-rates.html?action=click&module=News&pgtype=Homepage"The strain of higher prices reflects a global change in sentiment as the United States Federal Reserve — known, not for nothing, as the central bank for the world — steadily lifts interest rates, as it did on Wednesday. Investors have been pulling money out of riskier, developing countries and entrusting it to safer, more established economies like the United States. That has sent the value of currencies plunging from Argentina to Turkey to India, making basic goods more expensive for households and businesses, while amplifying debts. As money abandons emerging markets, commercial activity is slowing, magnifying concerns about a broader deceleration of growth in the global economy. Such worries have been adding to troubles in stock markets around the world, including the United States, with investors absorbing the likelihood of leaner times. The change in the flow of money has been engineered in part by people in Washington, some 8,000 miles away from Mr. Singh’s farm in western India. The American central bank has been raising interest rates, ending the era of ultracheap money unleashed a decade ago as the world plunged into the worst financial crisis since the Great Depression. Back when rates were effectively zero, investors scoured the globe for higher returns, placing big bets on high-risk, high-reward countries — India among them — propping up the value of currencies. With the Federal Reserve now reversing course, money has been washing back to the United States, bolstering the American dollar, while depressing many emerging market currencies."Right now the world is at the mercy of investors, because there is no alternative. But nothing lasts forever.
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Post by jdredd on Aug 8, 2019 13:59:45 GMT -5
The Economist, the voice of the European Investorocracy since 1843 whose motto is, like the Investorocracy world wide, "Greed is Good", has as it's cover title "Deathwatch on the Amazon". They claim to be concerned with the acceleration of deforestation in the Amazon under the new "pro-business" President of Brazil, yet I'm pretty sure his motto is also "Greed is Good". I have no sympathy for the Investorocracy's hypocritical whining. Brazil "owns" the Amazon, and since property is sacred to the right, The Economist can shut the f&ck up.
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Post by jdredd on Sept 17, 2019 17:35:27 GMT -5
I'm changing the name of this thread from "Investors vs The World" to "Investors vs The People", because it's obvious investors rule the planet. I rarely quote myself, but now I must admit that maybe I was wrong when I said investors rule the planet. As always, things are more nuanced. I find it hard to believe an all-powerful "Investorocracy" would allow Trump's insane trade war with China pull the world into recession. Or is a recession what they want, so they can "Buy low"? I guess my massive ignorance of economics is working against me.
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