GeoPolitics

https://en.wikipedia.org/wiki/Hans-Werner_Sinn

It doesn’t happen often, but this time have to give cudos to “a classic” (very conservative, not very revolutionary thinking) economist Hans Werner von Sinn:

  • “Take care of yourselves. Don’t believe that the state can do it. The state will be hopelessly overwhelmed with the socio-political tasks. Social security systems are not in a position to continue the development of living standards as we are used to. The sooner everyone realizes this, the more they will take precautions for the later years of life.”
  • The economics professor advises young people to not to wait too long for thinking about having kids and to concentrate on traditional family images.
  • “Family cohesion (families working WITH instead of AGAINST each other) will become increasingly important in view of the difficulties of the state,” Sinn explained.
  • “Some say that the ECB did not cause the price increases, so it does not have to do anything about it. One cannot argue more wrongly, because the mandate does not focus on the causes of inflation, but on the possibilities of combating it,” the ex-ifo boss continued

…. but not to endanger the 0% financed real estate bubble, where banks sell thousands of vacant buildings in Munich in a circle, IMF-ECB-La Guarde (“The Guardian” (of the banks)) does – nothing.

  • “And they consist of interest rate hikes.” In addition, the monetary authority is not entirely innocent of the high inflation rate. With its bond-buying program, the ECB is partly responsible for rising prices, as government securities were purchased with fresh central bank money. Low interest rates have thus encouraged indebtedness, according to Sinn.
  • The fact that the ECB has not yet heralded the interest rate turnaround, even though the US Federal Reserve raised the key interest rate by 0.25 percentage points in March, also creates an imbalance in international trade. As a result of the ECB’s inaction, the euro has been significantly devalued, which automatically leads to higher import prices – including in the energy sector.

auto translated from: https://www.finanzen.net/nachricht/aktien/pessimistischer-ausblick-ex-ifo-leiter-hans-werner-sinn-prognostiziert-34-laengere-periode-34-wirtschaftlicher-unsicherheit-ezb-in-der-kritik-11282820

family cohesion: it is (sometimes) hard

… unfortunately, nature decided, out of biodiversity reasons (make every individual an individual = very different from his brothers & sisters, in order to ensure that “at least one” will survive, fast changing circumstances (economic crisis, war, famine, climate change, meteoroids… u name it)

So sisters and brothers are by the design of nature – very different – thus having (sometimes) hard times – understanding each other – getting along with each other.

But IF they manage to accept each other – (and if it’s only by living next door, but never speaking to each other X-D) – things might work out.

Capitalism actually increased that acceptance problem, with some 1 to 10% doing very well (often) at the  expense of the 90% (who pay their taxes) – WHILE looking down on the 90% as “bummers”.

the downfall of the middle class, is the downfall of families

or in other worlds: who want’s to put kid’s in a fu**ed up (non sustainable = it is going to end) world? (nobody)

Question: Is it any wonder – that in a system – that was not built for man, but for money “around money”, man will soon no longer appear?

Really?

I am not surprised (unfortunately).

So when “the system” – betrayed the middle class – because of lobbyism by the money of the top 10% (that sometimes “think” they are the “middle class”) –  it “programmed” society – for the downfall of the middle-class (who to steal from? nothing to steal from the poor?) and the downfall of families.

It’s as simple as that.

And turning back the time – won’t help.

It won’t help driving old gas guzzling cars that need a portion of lead in the gasoline to actually function correctly.

There is only one way: forward. Into a sustainable economy that serves all. The sooner the super-rich realize this – the better. (but they will want to preserve the status quo until the very end (death)… so it’s a uphill battle for everyone else)

  • crisis as chance for transformation:
    • central banks have to be put under democratic rule – this way or another – it is inacceptable – that the central banks serve only the private banks.
  • globalization is dead – good – so we can start produce locally and FRESH again 🙂 = more jobs, but who is going to finance those jobs? surely not the existing broken system of corrupt banks.

Ukraine crisis for Russia – there is a opportunity / possibility for positive development in every crisis

and don’t mean this in the way a finance speculator would gamble on rising oil and food prices (hope they fail).

It is understandable that the collapse of the Soviet Union was a catastrophe to those that had state guaranteed jobs and income there and lost them overnight.

A lot of people could not adapt to the new capitalistic system, where you had to organize almost EVERYTHING yourself and “everything” is suddenly “a product” with a price set by supply and demand  (previously the state had organized EVERYTHING and the price for rent was set by the state very low, $75 per month kind of low).

Capitalism has started as a good idea then perverted over time.

(not the first time that happened look up the keywords Greece Democracy Oligarchy)

Communism/Socialism started as a good idea, but it was perverted.

Vladimir Putin + his military advisors clearly have underestimated the will power of the Ukrainian people to resist a Russia, that just as the Soviet Union under Stalin wants to rule, not by the promise of a better future, but simply by violence and fear.

The “Blitzkrieg” has failed, with hefty losses also for the Russians of at least 10,000 soldiers, and many more will die on both sides, needlessly, senselessly, if Putin does not end this. But ending it he must. Ending it he can.

"An error doesnt become a mistake until you refuse to correct it" John F. Kennedy OC
“An error doesnt become a mistake until you refuse to correct it” John F. Kennedy OC

Putin himself has children.

Who wants such a “fate” or such a world for one’s children?

Nobody.

Let’s assume Putin wants to be the Zar of Russia, just as Trump wants to be King of America and Boris Johnson Queen of UK.

History did not go well for the Zar family in Russia.

The Zars actually planned to step down from power and create a republic after British example, where the King and Queen gave up most of it’s political power to an elected parliament, but kept some of their privileges (any oil found around New Zealand, belongs to the British Crown).

The Queen lived well with that model and is even deeply respected by most Britons.

if he is serious about it, the Kazakhstan president is going in exactly that direction: “proposes reforms to limit his powers”

But the Bolshevik revolution was faster with their reforms and killed the Zar family.

So if Putin does not want to end like this, he should stop the war in Ukraine immediately and start reforming Russia into a social democracy IMMEDIATELY.

(there is corruption now in Russia as there will be in democracy, so no difference there)

Social democracy being the best of both worlds, the government that needs to take cares about it’s people, and has gov owned banks and companies and the market mechanisms that create efficiency and innovation.

Sounds good to me. (the Wiki article on “social democracy” is over complicated, it is rather simple: a state, that does not give citizens to a brutally free market for exploitation, but a state that plays by the rules of a free market, while making rules and regulations that the free privately owned companies may not overstep without a fine, protecting and caring about it’s citizens and nature, because that is the DUTY of EVERY state).

PS: I know that Putin considers Gorbachev to be weak.

But do not mistake kindness with weakness.

Correct me if wrong, but the reason the Soviet Union collapsed, was not because it did not drop enough bombs on other countries, but because it’s economic system was dysfunctional/highly inefficient/wasteful, because nobody cared if it was productive or not.

Because nobody owned anything and thus did not care if it breaks, did not care to repair and maintain it.

May there be peace soon, as this world does not need more hatred.

if you need to conquer something, conquer the stars.

If you think, solar is just a fancy thing for rich people, in rich countries, it might come as a surprise that China (!!!) has the biggest installed solar capacity by country 200GW of solar.

https://en.wikipedia.org/wiki/Solar_power_by_country
https://en.wikipedia.org/wiki/Solar_power_by_country

India has invested heavily in solar and Japan has overtaken Germany with it’s currently 50GW of solar capacity.

Solar is not minor.

Solar is many many Gigawatts of power.

in the catastrophe of Corona, there is the chance of new treatments via mRNA of such mankind wide plagues as cancer.

imagine a vaccine against cancer, that is exactly what companies that also worked on mRNA vaccines are working on.

in the catastrophe of the Russia on Ukraine war, is the chance of EU but also (!!!) US to FINALLY get rid of dependencies of nations from climate destroying fossil fuels.

why does your home not look like this? (will cut  your energy bill in half)

why does your car not look like this? (already?)

all Texas US truck drives have two choices: stop laughing about the Toyota Prius and either power their trucks with hydrogen, or finally agree that smaller, lighter, more fuel efficient cars are the way into the future.

Unless Texas does not want to have a future.

The politics of the West needs create a financial system (banks) that actually works towards this goal by giving 0.1% loans over 30 years on solar and EV vehicles and infrastructure.

Anything else is unaffordably anymore.

Unfortunately: “investors” aka “banks that more or less print money” make crisis (often) even worse, by speculating on increasing oil, wheat and real estate prices and thus drive prices even higher. for short term profits.

The Ukraine war is a energy war – and the West needs to renewably win it fast.

Democracies now have to partner with private companies and proof, they can not only talk but act and answer the problems of this new reality.