DON'T FORGET OTHER BUBBLES AND STUFF

Capital now fleeing Russia.


Makes good sense too.


FN: China tech stock fraud bubble. 
Very much to be expected.

BANK TANK IS GOOD FOR DEGLOBBALIZATION

Big bank tank will show globalist panders where things really can go with this nonsense.


Their solution for big bank tank would be, very 'technical':
you guessed it, 


more globalization.


Think 'medieval' cure for almost all illnesses: bleeding.


Doctors, until the mid 19th Century:
"Oh he's not recovering, 
must need to be bled more.........."

RE THE ROAD TO SERFDOM

Globalization, not communism, really has been the road to serfdom for the Western middle class.

Globbalization in the details

Although globbalization looks rather like the title illustration in some ways,

the dirty details of globbalization and the febrile tantacles of MNCs ,

and cross governmental activities, more closely resemble spaghetti.

BBC JAPAN FUND TO HELP ITS BUSINESSES RE STRONGER YEN

"A stronger currency hurts Japan's export dependent economy." (And if Japan's economy is weak as a kitten, as Americans have long been lectured by economists, why is their currency so strong now, pray ask the same economists?)

Why should a 'stronger' currency 'hurt'?




Because of misplaced priorities. If you are dependent on exports (misplaced priority), you think you want a currency weaker than your target currency. 


Yet resource weak countries, like Japan, had no choice in the struggle for dominance but to become attacker exporter states, predicated in part at first on a weak yen (the 50s 60s).


The solution (for us) would have been to nip their aspirations in the bud, back then, rather than to have fed them and thereby weakened our domestic economy, and thence our 'currency' as well. 


Of course there is and has long been a chorus of objections from the Presidency, state and defense. 


What have these 'reasons', grounds, amounted to, in the long run? 


Wind, Zephyr, air.


Terms search also: Mary Poppins, dumb dumber,  on the other blog's Bing.

RE THE TWO PARTY SYSTEM AND POST WWII GOBBLELIZATION

It is little appreciated, but our two party system itself fed into the Cold War, Faux War, boom, leading directly to the decline of the West.


Fighting Communism became a bipartisan agenda. (The democratic party before the war had been very sympathetic to, and infiltrated by, Soviet communists.)

Helping develop the Third World, both for humanitarian religious and environmental reasons, was a Democratic plank, mostly, I think. 

Booming individual and corporate profits by foreign market expansion and eventually large foreign investments, was a big part of both Democratic and Republican agendas, and the Republicans eventually fully embraced the free trade which the Democrats had almost always, including before the Civil War, favored. 

Just to take one huge example, of an ostensibly Democrat ideology sponsored initiative, carbon credit environmentalism, one has only to look and see how this notion has been jammed up the derriere of the West by China especially.

The Republicans like those factories, 
the Democrats like those carbon credits.
The Chinese love both. 
Imagine why.

RE GOBBLIZATION OF APPLE IN ASIA IS ACCELERATING

The race is on to see who can gobble more of Apple faster, 
Korea or China. 


What with China having even gobbled the store motifs, many fake Apple Stores, and Samsung gobbling the devices, 


who is better at gobblelization at the moment, 


China or Korea?


You tell me.

DUMB AND DUMBER GLOBALIZATION Steingart gets really dreamy re the united states of the west at the end

This last bit in his book is a real obfuscation, of both history, and reality.


Why would anyone think that the US, which really led Europe into this globalist morass, 
can help itself or Europe get out together?


No good reasons. Western versus Eastern globalism is not good globalism.


There is no really good globalism solution, 


only dumb and dumber globalism.


We boomed Japan, then said, 'they are getting too big', 'why don't we now boom China for balance of boom globalization?'

RE A QUARTER OF UK ADULTS OVERWEIGHT

Globbalization has struck here heavily.

RE REBELS OVERRUN COMPOUND LIBYA

Why would anyone hope for a stable peaceful situation there now?


Western, Bourgeoisie, French Revolution, democracy, 


Dream world.

RE BOA SHEDDING WORKERS

Getting down to fighting weight in the globbal tank.


Most American based MNCs need to do it too.


Shed those positions.


Bullish for stocks.

RE TRICKLE DOWN TRICKLE AWAY TORRENT AWAY ECONOMICS

Steingart even has a play on this phrase, similar to mine here on the other blog, 
Trickle Away or 
Trickle Off 
Economics


or better still lately:


Torrent Away Economics

RE CHAVEZ WANTS VENEZUELA BULLION ELSEWHERE THAN US OR UK

Wonder how that might turn out.


It may be a heads up for physical as well as etfs......


Presumably Venezuelan gold is not itself in an 'etf' format.


The problem, apparently, is 'non etf gold' is 'leased out' by central banks, just as etf gold can be. ETF holders know they do not have direct claims on a segregated bullion item. 


But Venezuela may have thought they should, and why not?


So, exactly when is bullion not bullion.


Maybe someone can correct me.

RE DE GLOBALIZING AND STEINGART

http://geraldmeaders.blogspot.com/2011/08/re-terms-searches-and-mary-poppins.html

Re GABOR STEINGART SEES WHAT I HAVE SEEN TOO

I ESPECIALLY LIKE CHAPTER 6.

RE THE JIG IS UP GIMME SHELTER

Too many people are starting to see what is running this thing now.


How about a little theme music, one of my favorites:


Gimme Shelter

WORLD'S RESERVE CURRENCY

Is issued by world's largest debtor nation.


You figure out what happens next.


Economists might mumble 'structural'.


'Stimulus', or easing, here will only tingle or relieve 


Chinese tootsies a little.

RE THE DOW DOWN IN THE 10000S SINKING GLOBALIZATION

Now that's more like it.


Niall Ferguson wrote a little piece, Unwinding Globalization, or was it Sinking,


of course he knows the score, but seldom tells all properly.