What makes paying back in good times difficult is that the wealthy rob the bank if there is a government surplus rather than paying off the Social debts. Consider the Bush tax cuts from the very people who today scream austerity. What they really mean is screw the poor because we are inherently deficient and sinful according to their religion. All that from the people that Graeber called Bullshit jobs. It's a mean assed world out there and all I can do about it is swear but history is on my side. We've been here before and the current power elite has not done well in history. I would recommend The Lexicon of Musical Invective for those who want to read the wrongheadedness of popular opinions that simply are expedient. Viruses in Social Domains are first found in Aesthetics and culture and then spread out to places like Economics and the current market. When I came to NYCity the ogres were called WASPS by the up and comings. Now that they have come and are now the ogres will they be able to stand the heat and maintain an identity? That is an interesting question for me.
REH From: futurework-boun...@lists.uwaterloo.ca [mailto:futurework-boun...@lists.uwaterloo.ca] On Behalf Of Ed Weick Sent: Tuesday, September 10, 2013 7:19 AM To: RE-DESIGNING WORK, INCOME DISTRIBUTION, EDUCATION Cc: dissenters Subject: Re: [Futurework] [Ottawadissenters] The Fed Has Wasted Trillions and the US Remains in Depression Thanks, Arthur. I found "Waist Deep in the Big Muddy" with Pete Seeger singing it. Yes indeed, we don't want to get in over our heads. But nor do we want to sit on the bank of the river not daring to go in when it may be essential to do so. We've had inflation in Canada, but it's been relatively moderate and, for the most part, we've been able to keep up to it. When I began working for the Government back in 1957, my salary was about $3,000, livable but barely so. According to the Bank of Canada's inflation calculator, the equivalent now is about $24,500, again livable but barely so. We are lucky in Canada to have a good and reasonably independent central bank. What I worry about is the decline of institutions that helped ordinary Canadians keep up to inflation. Unions, for example, have just about vanished from the workplace and the Canadian Wheat Board is no more. In the case of unions, the emergence of Unifor and the growing discontent of hamburger flippers may be important steps in the right direction. We'll have to wait and see. Perhaps I shouldn't have been so hard on the notion of government having to balance the budget. I agree that we shouldn't depend on printing money after money to bail us out of our problems. Yet what our governments have to do depends very much on how big the problems they have to deal with are and how quickly they arise. Often, perhaps typically, there simply may not be enough time for sufficient money to come in to deal with them via revenue inflows. If Brian Harris is looking for a song of the day, he might try Pete Seeger singing Waist Deep in the Big Muddy. It's at <http://www.youtube.com/watch?v=uXnJVkEX8O4> http://www.youtube.com/watch?v=uXnJVkEX8O4 . Ed _____ From: Arthur Cordell <denar...@sympatico.ca> To: ottawadissent...@yahoogroups.com Cc: 'Futurework' <futurework@lists.uwaterloo.ca> Sent: Monday, September 9, 2013 4:17:32 PM Subject: Re: [Futurework] [Ottawadissenters] The Fed Has Wasted Trillions and the US Remains in Depression http://en.wikipedia.org/wiki/Waist_Deep_in_the_Big_Muddy http://songmeanings.com/songs/view/3530822107858539055/ I really hate to use this expression but it seems that governments have to “think outside the box”. A new economy demands new economic policies. Printing more and more money is not the way to go. Waist deep in the mess of the economy and the fools say keep on printing….. arthur From: ottawadissent...@yahoogroups.com [mailto:ottawadissent...@yahoogroups.com] On Behalf Of Ed Weick Sent: Monday, September 09, 2013 10:29 AM To: ottawadissent...@yahoogroups.com Cc: Futurework Subject: Re: [Ottawadissenters] The Fed Has Wasted Trillions and the US Remains in Depression I believe that governments are stuck. They're not quite sure of what they're dealing with and don't know what to do. The Keynesian solution of pumping money into the economy hasn't really worked and the austerians have recently come to the fore, arguing, for example, that national debt must not exceed 90% of GDP. The US government has been influenced by this rather doubtful line of thought and initiated sequestration. The Government of Canada's solution to the wild ride into the unknown appears to be based on balancing the budget within the next few years (a specific year is usually given, but I forget what it is - perhaps 2020). The Government will then spend no more than it takes in in taxes and other revenues, or at least that's what it intends. I can't imagine a sillier idea. Given all the the economic, political and international uncertainty governments face, nailing down something as specific as a balanced budget by a certain date strikes me as thought at the highest possible level of abstraction. Let's face it. We don't know where we are or where we're going. We have to be prepared to tackle whatever comes along. Ed _____ From: Arthur Cordell <denar...@sympatico.ca> To: ottawadissent...@yahoogroups.com Sent: Sunday, September 8, 2013 10:34:30 PM Subject: RE: [Ottawadissenters] The Fed Has Wasted Trillions and the US Remains in Depression I think that silence is consent. The ham handed support of the “banksters” is evident to most. We talk about it as do others but it seems as if nothing can be done. From: ottawadissent...@yahoogroups.com [mailto:ottawadissent...@yahoogroups.com] On Behalf Of balfourarch Sent: Saturday, September 07, 2013 12:16 PM To: ottawadissent...@yahoogroups.com Subject: Re: [Ottawadissenters] The Fed Has Wasted Trillions and the US Remains in Depression Steve no response? likely folks agreed with you, they do out here. Richard Balfour Architect & Co. Balfour & Associates • Strategic Planning Vancouver 6047310206 balfoura...@telus.net www.plancanada.com <http://www.plancanada.com/> National Coordinator, CCFI-ICBA Canadian Carbon Farming Initiative Initiative Canadienne pour le biochar en Agriculture Full Cycle Forestry Cooperative (BC) Vancouver Peak Oil Executive Metro Vancouver Planning Coalition On 2013.09.07, at 3:24 AM, Steve Kurtz wrote: Even part-time jobs are tougher to get in the US now. Printing fiat does not create natural wealth nor provide more well-being. It merely reprices things; and in this case the bad investments (bonds, mtges, other loans) that should have gone to zero were purchased BY THE FED at bogus prices to bail out the power elite. Hierarchy at work! The free lunch to them is at the expense of the National Debt. I posted 2 pieces explaining this by Charles Hugh Smith, and there was no response. Steve http://www.zerohedge.com/contributed/2013-09-06/fed-has-wasted-trillions-and-us-remains-depression __._,_.___ <http://geo.yahoo.com/serv?s=97476590/grpId=15209059/grpspId=1705083512/msgId=26783/stime=1378736958> Your email settings: Individual Email|Traditional Change settings via the Web <http://groups.yahoo.com/group/Ottawadissenters/join;_ylc=X3oDMTJnNmkxZjMwBF9TAzk3NDc2NTkwBGdycElkAzE1MjA5MDU5BGdycHNwSWQDMTcwNTA4MzUxMgRzZWMDZnRyBHNsawNzdG5ncwRzdGltZQMxMzc4NzM2OTU4> (Yahoo! ID required) Change settings via email: Switch delivery to Daily Digest <mailto:ottawadissenters-dig...@yahoogroups.com?subject=Email%20Delivery:%20Digest> | Switch to Fully Featured <mailto:ottawadissenters-fullfeatu...@yahoogroups.com?subject=Change%20Delivery%20Format:%20Fully%20Featured> Visit Your Group <http://groups.yahoo.com/group/Ottawadissenters;_ylc=X3oDMTJlaWloYWE1BF9TAzk3NDc2NTkwBGdycElkAzE1MjA5MDU5BGdycHNwSWQDMTcwNTA4MzUxMgRzZWMDZnRyBHNsawNocGYEc3RpbWUDMTM3ODczNjk1OA--> | Yahoo! Groups Terms of Use <http://info.yahoo.com/legal/us/yahoo/utos/terms/> | Unsubscribe <mailto:ottawadissenters-unsubscr...@yahoogroups.com?subject=Unsubscribe> __,_._,___ _______________________________________________ Futurework mailing list Futurework@lists.uwaterloo.ca https://lists.uwaterloo.ca/mailman/listinfo/futurework
_______________________________________________ Futurework mailing list Futurework@lists.uwaterloo.ca https://lists.uwaterloo.ca/mailman/listinfo/futurework
