Organisations

“Both the publication of the ifo business confidence index

https://www.ifo.de/node/45735
https://www.ifo.de/node/45735

(a survey among 9,000 German firms) and the statistics of incoming orders for the manufacturing sector at the beginning of September revealed a continuation of the economic downturn in Germany that cannot be ignored anymore.

The business climate dropped to 94.3 points – its lowest value since November 2012.

Incoming orders (see Figure 2 below) point to a severe weakness of investment.

These factors, amongst others, further strengthen the now widespread expectation that the Federal Statistics Office of Germany (Statistisches Bundesamt) will announce negative GDP growth for the third quarter of 2019.

Since this would mark the second consecutive quarterly contraction, it means that the German economy would be officially in a technical recession.

The recession in Germany comes at a time at which the only readily available instrument in the Monetary Union (EMU) to fight recessions, namely monetary policy, is not available anymore.

Moreover, German policymakers, the media, and professional economists have imprudently ignored the downturn, so that a discussion about appropriate countermeasures on the fiscal side remained silenced and valuable time was lost.

The repercussions for several fragile member states of the EMU, such as Italy and France, could turn out to be ominous.”

http://www.flassbeck-economics.com/a-sputtering-car-goes-into-reverse-the-german-recession-and-its-consequences/

thanks all involved

global: https://www.statista.com/statistics/1032045/global-business-confidence-index/

all technology can be used for good and evil – the problem is – if it has no useful outcome for the parties granting the money:

  • military = wants to kill people and make sure private companies can steal resources
  • NSA = wants to know what you think tomorrow to manipulate it today
  • CIA = wants to kill people without anyone knowing that they did
  • Google = wants to be evil too because it pays off

… you can safely assume – it will be used for evil.

https://www.iarpa.gov/images/files/programs/MICrONS/05-MICrONS_final.pdf
https://www.iarpa.gov/images/files/programs/MICrONS/05-MICrONS_final.pdf

“MICrONS seeks to revolutionize machine learning by reverse-engineering the algorithms of the brain.”

https://www.iarpa.gov/index.php/research-programs/microns

Performers (Prime Contractors)

Allen Institute; Baylor College of Medicine; Harvard University; Princeton University

Related Program(s)

“The Chinese have proven the effectiveness of their public banking system in supporting their industries and their workers”

“Japan proposed its model for the former communist countries, and many began looking to it and to South Korea as viable alternatives to the U.S. free-market system. State-guided capitalism provided for the general welfare without destroying capitalist incentive.

Engdahl wrote:”

“The Tiger economies were a major embarrassment to the IMF free-market model.

Their very success in blending private enterprise with a strong state economic role was a threat to the IMF free-market agenda.

So long as the Tigers appeared to succeed with a model based on a strong state role, the former communist states and others could argue against taking the extreme IMF course.

In east Asia during the 1980s, economic growth rates of 7-8 per cent per year, rising social security, universal education and a high worker productivity were all backed by state guidance and planning, albeit in a market economy – an Asian form of benevolent paternalism.”

source:

Neoliberalism Has Met Its Match in China

“US decision to impose added tariffs on more than $300 billion of China trade, and the US Treasury declaring China a “currency manipulator”, global financial markets have reacted with sharp selling.” (source)

Comment:

Of course – China is not a democracy.

Chinese people – but also Europeans – do not enjoy the (sometimes insane) freedoms (of buying shotguns at supermarkets) that US people have (if they would have the money… but private banks can not fund limitless US consumerism).

But yes – less freedom in China – more state control and surveillance, but that is an “official” fact.

An “unofficial” fact is: that western democracies simply do not care about their own laws and engage in mass surveillance unlawfully.

Western politicians make decisions not only against the will of the public – but also to the damage of the public – the average Joe and Jill – in order to exploit exploit and enrich a small elite that can afford lobbyists (the already rich and big companies).

Both “systems” try to manipulate their citizens with propaganda and state created terrorist attacks.

Both systems fail to keep speculation bubbles (housing bubbles) under control.

Housing is essential for people to survive and if they have to spend more than 30% on rent – it is not only unfair and exploitation, it is creating housing bubbles – one that the world has seen burst in 2008/2009 subprime crisis.

Nobody wants to see this happening again but too little is done by politics to prevent it.

In London 40.000 flats and houses remain empty, they are simply for parking the money of the super rich.

In Germany real estate speculations have caused people to leave their home towns and “wander around” because they can not afford the housing anymore in Munich.

Wages are rising in China – not so much in the Western Worlds.

the heart of the issue is a fundamental good that has been driving social and economic inequality for centuries: real estate. https://www.project-syndicate.org/commentary/inequality-global-city-real-estate-by-harold-james-2019-08
the heart of the issue is a fundamental good that has been driving social and economic inequality for centuries: real estate. https://www.project-syndicate.org/commentary/inequality-global-city-real-estate-by-harold-james-2019-08

Bank of North Dakota:

But to have a public bank (at least one) is a good idea.

There would be no Solar Panels in Germany without a public bank.

So, why does “The West” not want to learn and stay a stubborn kid forever?

always ask: Cui bono? = Who profits?

Who profits from:

  • “free market” in all it’s meaning
    • complete dependence on private Banks for private loans
    • abolishment of all (trade) barriers (United States of Europe)
    • companies competing to the death, going bankrupt (to buy them cheap)?

One answer: The super rich – that own the large companies, the monopolists.

https://www.statista.com/statistics/263264/top-companies-in-the-world-by-market-value/
https://www.statista.com/statistics/263264/top-companies-in-the-world-by-market-value/

http://www.williamengdahl.com/