SUBSIM Radio Room Forums - View Single Post - Consumer spending picks up, but savings a worry

Skybird · 02-05-13, 08:45 AM

Microcycles like this only help propagandists to acchieve extremely short-termed political election goals, or not. Economically, they are meaningless, if you consider this: the volume of financial transactions across borders that base on FIAT money exceeds the volume of real goods trades by a factor of at least 25 (said former Deutsche Bank CEO Herrhausen).

But FIAT money is no real value. It is a bond. It is debt being traded in good - though unfounded - faith. It represents no real values and assets and services - not even a claim for these. FIAT money does not create real values. As the saying goes: from nothing comes nothing.

News like this one now only keeps peoples' minds distracted and so prevents them from revolting. Meanwhile, the pressure-bubble keeps growing. Never has there been more FIAT money pumped into the economic cycle, as currently. Never has there been such a multi-factorial discrepancy between real values, and debts surpassing them. And we all are guilty in having helped this bubble to grow. We all are compliances in crime. But when the bubble bursts, everybody will claim to just be a victim, and that one could not have known.

BS. Economics is not difficult, and they are not a science (I do not understand what place economics have at universities). Difficult it becomes only in attempting to hide unwanted truths and deceive the wide public over the disaster unfolding. The cheating and lying - that is what adds complexity to it that now is so voluminous that it cannot be controlled and overwatched anymore.

No attack on you, Vendor, my criticism aims at the issue, not at you for posting.

02-05-13, 08:45 AM	#3
Skybird Soaring Join Date: Sep 2001 Location: the mental asylum named Germany Posts: 42,632 Downloads: 10 Uploads: 0	Microcycles like this only help propagandists to acchieve extremely short-termed political election goals, or not. Economically, they are meaningless, if you consider this: the volume of financial transactions across borders that base on FIAT money exceeds the volume of real goods trades by a factor of at least 25 (said former Deutsche Bank CEO Herrhausen). But FIAT money is no real value. It is a bond. It is debt being traded in good - though unfounded - faith. It represents no real values and assets and services - not even a claim for these. FIAT money does not create real values. As the saying goes: from nothing comes nothing. News like this one now only keeps peoples' minds distracted and so prevents them from revolting. Meanwhile, the pressure-bubble keeps growing. Never has there been more FIAT money pumped into the economic cycle, as currently. Never has there been such a multi-factorial discrepancy between real values, and debts surpassing them. And we all are guilty in having helped this bubble to grow. We all are compliances in crime. But when the bubble bursts, everybody will claim to just be a victim, and that one could not have known. BS. Economics is not difficult, and they are not a science (I do not understand what place economics have at universities). Difficult it becomes only in attempting to hide unwanted truths and deceive the wide public over the disaster unfolding. The cheating and lying - that is what adds complexity to it that now is so voluminous that it cannot be controlled and overwatched anymore. No attack on you, Vendor, my criticism aims at the issue, not at you for posting. __________________ If you feel nuts, consult an expert.