Showing posts with label Economy. Show all posts
Showing posts with label Economy. Show all posts
Steen Jacobson
Those predictions were correct.
Some of his other predictions were wrong.
6. The anti-European Union politicians will become the majority in the European Parliament after the May 2014 elections.
7. Japan's central bank will cancel all the government bonds that it has bought from the Japanese government.
Here are his predictions for what MIGHT just happen in 2014:
1. The global recovery will falter.
2. There will be deflation.
The oil price will fall to $80 a barrel.
3. Technology stocks (shares in such companies as such as Amazon, Netflix, Twitter, Pandora Media and Yelp) will fall greatly in value.
Some emerging markets stocks (shares) will fall in value.
Share prices in France will drop 40%.
4. Germany and France will fall into recession.
5. In the European Union there will be a new tax on any savings above €100,000.
6. The anti-European Union politicians will become the majority in the European Parliament after the May 2014 elections.
Governments have been getting their central banks to buy their government bonds. This is supposed to keep down interest rates and keep down inflation.
7. Japan's central bank will cancel all the government bonds that it has bought from the Japanese government.
Japan's central bank will thus have less capital.
The Japanese government will thus not have to pay 'interest', on these cancelled bonds, to its central bank.
The Japanese government will have less debt.
This will lead to inflation.
8. All western central banks will follow suit.
This will lead to inflation.
Share prices will rise again.
Gold has been hit hard by a strengthening US economy.
On 2 December 2013, Gold stood at $1,218 a troy ounce.
Jim O’Neill, former chairman of Goldman Sachs Asset Management, thinks that the world economy will grow at a faster rate in the next decade than it did in the last one.
He says that the economic crisis around 2008 was essentially about the USA consuming too much and saving nothing, while China consumed very little and saved too much.
He says the USA is now far more competitive and multinationals are now moving back to the USA.
However, some economists think that the US stock market is currently overvalued.
Stephanie Flanders, chief European market strategist at J P Morgan, thinks that the UK will be the fastest-growing country in Europe for at least the next five years.
However, some economists see a huge bubble in London house prices, and think that that bubble will eventually burst.
"The breakdown of the latest growth figures showed that business investment - critical for rebuilding a new-style, more productive economy - is down by more than 6% year on year; exports are all but flat, despite the 20% fall in the value of the pound since the crisis; and manufacturing output remains 9% below where it was in 2008..."
Is Britain's economy really on the path to prosperity? - The Guardian
Martin Wolf, chief economic commentator at the Financial Times, thinks that the eurozone will break up, as the result of serious depressions in countries such as Spain and Italy.
Hélène Rey, Professor of economics at the London Business School, reminds us of the Asian crisis of 1997.
Lots of money flooded into countries like Thailand and Indonesia and then flooded out again, causing a crash.
"Historians call Uruguay Latin America's 'first welfare state.'
"It was a pioneer in the early twentieth century on enacting public-health programs, public pensions
, and other forms of social assistance...
"An IMF staff report in January 2011 noted that 'Uruguay’s economy is booming,' that 'unemployment is at record lows,' and that some sectors were even experiencing 'labor shortages.'
, and other forms of social assistance... "An IMF staff report in January 2011 noted that 'Uruguay’s economy is booming,' that 'unemployment is at record lows,' and that some sectors were even experiencing 'labor shortages.'
"Uruguay's high taxes, equal to 29.1% of GDP, enable sturdy governmental support of certain lucrative export sectors..."
Five Economies That Work: Global Success Stories
Singapore
Finnish GirlFive Economies That Work: Global Success Stories
Switzerland.
Currently the top three most successful economies in the world are said to be those of:
1. Switzerland
Singapore
2. Singapore
3. Finland.
Office of National Statistics, 2013. Published in the Glasgow Herald 27 November 2013.
If Scotland becomes independent its citizens will be richer than those in England.
This might explain why a number of people from England have already moved to Scotland.
Between 2007 and 2011, 820,000 people from the rest of the UK moved to Scotland.
Scotland becoming the place to live
Office of National Statistics, 2013. Published in the Glasgow Herald 27 November 2013.
. Now an increasing number are looking north - to Scotland."No prescription charges, an efficient health
service, good schools and no university fees are all being cited by those moving north of the border. Add to that far cheaper property prices than in the South, and the attraction becomes even more potent."No university fees, free prescriptions and a cheap house
The richest countries in the world, in terms of wealth per person, are mainly countries with small populations and a moderate degree of socialism:
Singapore, Norway, Sweden, Denmark...
Scotland already has its own parliament, but it has limited powers.
Scotland, since it got its parliament has been attracting more foreign direct investment
than all the other parts of the UK apart from London.Foreign investment: Catching the Scots | The Economist
Scotland's top politician Alex Salmond says that if Scotland became independent 'next week', it would be the eighth most prosperous country in the world
for GDP and have an income £2,000 per head higher than the UK average.Scottish independence 'could lead to job creation'
The mainstream media tries to tell us that Scotland will have 'adebt
problem' if it becomes independent.An independent Scotland would of course take on a share of UKdebt
.It is estimated that if Scotland took on 'a population share of UK public sector net debt
', this would be equivalent to 72% of Scottish GDP.This would be lower than the equivalent UK figure of 77%.
An alternative way to determine Scotland’s share of UK public sector debt
could be to base the calculation on an estimate of Scotland's previous contributions to the UK’s public finances.According to the economists, this would mean that Scotland’s share of UK debt
would be 27.6% of Scottish GDP, lower than the population share calculation.What about the UK's national debt? | Yes Scotland
According to Scotland's Alex Salmond:
"The one-size-fits-all economic policies of successive Westminster (London) governments have failed and are continuing to fail the people of Scotland.
"We perform well at the moment, but we should be doing so much better.
"A simple glance at many other European countries of similar size to Scotland, some without the natural advantages Scotland has, shows that we have lagged behind their growth rates for decades."
Scottish independence 'could lead to job creation'
According to Alex Salmond:
Scottish independence could lead to the creation of lots of new jobs.
According to Alex salmond, an independent Scotland would:
1. Focus on exporting more to countries such as China and Brazil.
2. Cut taxes on businesses.
3. Revive manufacturing.
There would be a revival of Scotland's engineering.
Scotland would copy Germany's Mittelstand model - promoting small firms with fewer than 250 employees.
There would be an expansion of the renewables industries, pharmaceuticals industries, financial services, food and drink, tourism and energy.
Industries would be helped through tax breaks, investment and the easing of red tape.
4. Make full use of its natural resources and huge human talent.
Conclusion
It is England that has the debt problem.
It is England that does not have vast oil wealth.
It is England that goes in for expensive foreign wars.
Vote YES for Scottish independence.
Swiss GDP consists mostly of medium-sized companies which do not pay huge salaries to their bosses.
On 24 November 2013, Switzerland holds a referendum on reforms that would make it illegal for Swiss companies to give bosses more than 12 times the wage of their lowest earning workers.
In 1998, the top salaries at the largest Swiss companies stood at 14 times those of the lowest-paid workers.
By 2011, the top salaries at the largest Swiss companies stood at 93 times those of the lowest-paid workers.
Peter Brabeck, chairman of the Swiss firm Nestlé, earns 12 times more than the chairman of the Anglo-Dutch firm Unilever.
In 2011, Switzerland had the world's highest average wealth per adult, at USD 540,000.
However, wealth in Switzerland is now distributed very unequally.
In The Financial Times, James Breiding writes that Switzerland has been the most competitive country in the world due to having "strong industry and weak government, with low levels of regulation."
In 1998, the top salaries at the largest Swiss companies stood at 14 times those of the lowest-paid workers.
By 2011, the top salaries at the largest Swiss companies stood at 93 times those of the lowest-paid workers.
When big companies are run by greedy pigs, trouble follows.
It is the companies paying giant salaries, such as Credit Suisse and UBS, which have been 'badly managed' and which have got Switzerland into trouble.
By 2003, the Swiss economy was under some stress and there were a number of bankruptcies and "massive layoffs and dismissals."
Among the reasons for this were:
1. The Global economic crisis, partly caused by 'the greedy pigs' grabbing more than their fare share of the world's wealth.
2. The ordinary Swiss family getting less than their fair share of the cake and feeling that they had less money to spend.
It is the companies paying giant salaries, such as Credit Suisse and UBS, which have been 'badly managed' and which have got Switzerland into trouble.
By 2003, the Swiss economy was under some stress and there were a number of bankruptcies and "massive layoffs and dismissals."
Among the reasons for this were:
1. The Global economic crisis, partly caused by 'the greedy pigs' grabbing more than their fare share of the world's wealth.
2. The ordinary Swiss family getting less than their fair share of the cake and feeling that they had less money to spend.
Peter Brabeck, chairman of the Swiss firm Nestlé, earns 12 times more than the chairman of the Anglo-Dutch firm Unilever.
In 2011, Switzerland had the world's highest average wealth per adult, at USD 540,000.
However, wealth in Switzerland is now distributed very unequally.
Urs Rohner, the chairman of Credit Suisse earns more than the chairmen of Barclays, BNP, Deutsche Bank and Royal Bank of Scotland combined.
(In 2003 Switzerland's real GDP contracted by 0.2%.)
If chief executives' pay is capped at about $500,000 per year, Switzerland might get rid of some of the greedier hedge fund managers and bank executives.
It is the companies paying giant salaries, such as Credit Suisse and UBS, which have been 'badly managed' have got Switzerland into trouble.
James Breiding is the author of ‘Swiss Made: The Untold Story Behind Switzerland’s Success’.
Switzerland has attracted multinationals, including Google, consumer goods company Procter and Gamble, commodities traders such as Cargill, Glencore and Louis Dreyfus, and hedge funds such as Brevan Howard.
However, these companies do not necessarily employ large numbers of Swiss citizens, and do not necessarily pay much in tax.
These multinationals do not necessarily do much to enrich the average Swiss citizen.
If chief executives' pay is capped at about $500,000 per year, Switzerland might get rid of some of the greedier hedge fund managers and bank executives.
It is the companies paying giant salaries, such as Credit Suisse and UBS, which have been 'badly managed' have got Switzerland into trouble.
Some of the top executives in Switzerland would appear to very greedy.
Peter Brabeck, chairman of the Swiss firm Nestlé, earns 12 times more than the chairman of the Anglo-Dutch firm Unilever.
Walter Kielholz, chairman of reinsurer Swiss Re, earns 10 times the salary of Germany's Munich Re.
Urs Rohner, the chairman of Credit Suisse earns more than the chairmen of Barclays, BNP, Deutsche Bank and Royal Bank of Scotland combined.
http://www.ft.com/
Swiss GDP consists mostly of medium-sized companies which do not pay huge salaries to their bosses.
If one or two hedge funds were to leave Switzerland, it would not be the end of the world.
Urs Rohner, the chairman of Credit Suisse earns more than the chairmen of Barclays, BNP, Deutsche Bank and Royal Bank of Scotland combined.
http://www.ft.com/
Swiss GDP consists mostly of medium-sized companies which do not pay huge salaries to their bosses.
If one or two hedge funds were to leave Switzerland, it would not be the end of the world.
Swiss GDP consists mostly of medium-sized companies which do not pay huge salaries to their bosses.
These medium-sized companies are world-class.
It is the companies paying giant salaries, such as Credit Suisse and UBS, which have been 'badly managed' and which have got Switzerland into trouble.
It is the companies paying giant salaries, such as Credit Suisse and UBS, which have been 'badly managed' and which have got Switzerland into trouble.
America's Midwest is being neglected by the elite, and so it is losing people. Orange = losing people. Mapping 60 Years of White Flight, Brain Drain and American Migration
Governments deliberately create economic crises so that they then have an excuse to privatize public property and reduce spending on the poor.
"The financial oligarchy ... has embarked on an unprecedented economic coup d’état against the people, the ravages of which include extensive privatization of the public sector, systematic application of neoliberal austerity economics and radical redistribution of resources from the bottom to the top...
"A major scheme of the financial oligarchy... has (since the early 1980s) been to deliberately create budget deficits in order to justify cuts in social spending.
"This sinister feat has often been accomplished through a combination of tax cuts for the wealthy and spending hikes for military/wars/security programs.
coyoteprime-runningcauseicantfly.blogspot.com
"David Stockman, President Reagan’s budget director and one of the main architects of his supply-side tax cuts, confirmed the Reagan administration’s policy of simultaneously raising military spending and cutting taxes on the wealthy in order to force cuts in non-military public spending..."
Poverty in Ireland.
"In many ways, Ireland is ground zero for the austerity-driven asset grab now sweeping the world."
When Britain ruled Ireland, "The British got Ireland's food exports, while at least one million Irish died from starvation and related diseases, and another million or more emigrated."
Ireland: Ground Zero for the Austerity-driven Asset Grab. The Bank Guarantee That Bankrupted Ireland
Strategy of Tension.
"Los Angeles Airport Police Department and the Los Angeles Police Department took part in an 'active shooter drill' on Saturday, October the 2nd 2013 at L.A./Ontario International Airport.
"According to a report by the San Bernardino Sun , written by Doug Saunders, one such shooting scenario had an “armed man” shooting “three people” before officers locked down the scene.
"Shockingly this was nearly an identical scene to what unfolded on Friday, November 1st ( All Saints Day) at LAX. A scene in which, one TSA officer was shot and killed, with three others wounded, leaving a total of 7 injured at the Los Angeles International Airport."
Strategy of Tension.
"Los Angeles Airport Police Department and the Los Angeles Police Department took part in an 'active shooter drill' on Saturday, October the 2nd 2013 at L.A./Ontario International Airport.
"According to a report by the San Bernardino Sun , written by Doug Saunders, one such shooting scenario had an “armed man” shooting “three people” before officers locked down the scene.
"Shockingly this was nearly an identical scene to what unfolded on Friday, November 1st ( All Saints Day) at LAX. A scene in which, one TSA officer was shot and killed, with three others wounded, leaving a total of 7 injured at
the Los Angeles International Airport."21st Century Wire When Police Drills Go Live? Los Angeles Ontario Airport “October Drill” Almost Identical to November 1st LAX Shooting Scene
konigsberg.centerblog.net
"For at least two decades, Israel has directed its overseas agents to destroy the government of Iran by destabilizing its society, assassinating its scientists, bombing its military establishments and laboratories and strangling its economy.
"After the Israeli agents successfully pushed the US into war against Iraq in 2003 – literally shredding its complex secular society and killing over a million Iraqis – it turned its sights on destroying Lebanon (Hezbollah) and the secular government of Syria as a way to isolate Iran and prepare for an attack...
"For at least two decades, Israel has directed its overseas agents to destroy the government of Iran by destabilizing its society, assassinating its scientists, bombing its military establishments and laboratories and strangling its economy.
"After the Israeli agents successfully pushed the US into war against Iraq in 2003 – literally shredding its complex secular society and killing over a million Iraqis – it turned its sights on destroying Lebanon (Hezbollah) and the secular government of Syria as a way to isolate Iran and prepare for an attack...
Which economy is doing worst in terms of GDP growth?
It's David Cameron'S UK.
It's David Cameron'S UK.
What has happened to wages in the UK?
Most people have got poorer.
Why do 36% of the UK public think that their Conservative government can be trusted to handle the economy?
They have been brainwashed by the crooked media, which currently supports David Cameron, Britain's top war monger.
Ian Macwhirter, who has questioned the official version of 9 11.
On 5 September 2013, journalist Iain Macwhirter wrote in the Glasgow Herald that the UK finance minister George Osborne has a nerve to say that the Scots would be worse off if they were independent.According to Iain Macwhirter:
"George Osborne is responsible for policies that have left tens of thousands of Scots in insecure jobs and plunged many Scottish families into crisis... while he cut taxes for multi-millionaires.
"He has also sparked a mini-property boom in the south-east of England by using taxpayer's money to subsidise £600,000 mortgages.
Wealthy warmonger George Osborne, in charge of the UK economy.
Now for the funny bit!
According to Iain Macwhirter:
George Osborne says that "an independent Scotland would be worse off if it received revenues from North Sea Oil."
According to Osborne, an independent Scotland would have a budget deficit of £8 billion.
Note that the budget deficit of the evil London government is around £120 billion.
And, the London government has debts of nearly £2 trillion.
Osborne mentions Norway.
According to Iain Macwhirter:
Norway "is a successful small country, with a very similar demographic profile to Scotland, and fewer economic advantages...
"Not only does Norway have one of the highest standards of living on the planet, it has one of the lowest levels of income inequality, the highest levels of social security and - Conservative chancellors please note - one of the most dynamic private sectors in the world...
"In Britain, by contrast, 4.8 million workers earn less than the living wage of £7.20.
"The top 1% have seen their share of income triple thanks to low taxation..."
Macwhirter fails to tell us that Norway is not really independent, as its top people are controlled by the CIA and its friends.
"Not only does Norway have one of the highest standards of living on the planet, it has one of the lowest levels of income inequality, the highest levels of social security and - Conservative chancellors please note - one of the most dynamic private sectors in the world...
"In Britain, by contrast, 4.8 million workers earn less than the living wage of £7.20.
"The top 1% have seen their share of income triple thanks to low taxation..."
Macwhirter fails to tell us that Norway is not really independent, as its top people are controlled by the CIA and its friends.
Headlines - David Icke Website
Above: Syrians about to be murdered by the evil rebels.
The evil rebels are supported by Obama.
Russia gave the UN a 100-page report in July blaming the Syrian rebels for the Aleppo sarin attack
Dr Bouthaina Shaaban, an adviser to Syrian President Bashar al Assad, tells Sky News the United States has "fabricated" evidence.
WWW.SOFILIANEWS.BLOGSPOT.COM
Lawlessness and Ruin in Libya
Above: Syrians about to be murdered by the evil rebels.
The evil rebels are supported by Obama.
Russia gave the UN a 100-page report in July blaming the Syrian rebels for the Aleppo sarin attack
Dr Bouthaina Shaaban, an adviser to Syrian President Bashar al Assad, tells Sky News the United States has "fabricated" evidence.
WWW.SOFILIANEWS.BLOGSPOT.COM
Lawlessness and Ruin in Libya
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