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