Tag: Economics

More socialist failures, Greece and Venezuela edition!

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By now many of you have heard about the Communist government that was elected in Greece and the “promise” to do away with bailout problems. An agreement for a four month extension of debt payments was granted to Greece by the Euro zone and IMF creditors. It’s really amazing that the Greeks were desperate enough to believe that Syriza would be able to fulfil all guarantees made during the election and still keep the welfare state. I don’t believe in the Euro zone but a government that has no money and is asking for massive debts to be forgiven doesn’t really have many options available. Those that voted and believe that Greece can keep its welfare state, keep the Euro, and not pay back any loans could use a reality check.

What do those of you reading this think the odds are of Syriza keeping its promises, avoid a default, or keep the Euro? I personally believe that it’s time for Greeks to give up on the Euro experiment and regain some sovereignty. I suppose that almost thirty years of socialism with the Panhellenic Socialist Party just wasn’t enough for the Greeks.

Reuters-Greece runs out of funds despite euro zone reprieve

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   The other socialist failure that I’ll mention with this post concerns Venezuela, a country that exports essentially nothing except for oil. Now that those prices have collapsed all of the welfare programs provided by the state, massive expansion of the public sector, price controls, and other factors have caused the Venezuelan economy to enter a tail-spin. The country can’t supply basic goods to its citizens, constitutionally mandated healthcare isn’t provided, the country is near default, and inflation is over 60%. As should be expected, Nicolas Maduro is blaming capitalists, the CIA, and the United States. I suppose that progressives are also OK with the rising oppression of the Venezuelan people, it is being performed by a socialist government after all. If nothing else they will probably not say much about what is happening, unless it’s to blame the Koch brothers or something of that nature. I’ll close this post out with one last picture.

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Economic arguments with progressives

This may have been pointless, futile, and a waste of time, but I tried discussing economics with progressives. Also, on Facebook of all places. Obviously, nothing worthwhile came out of the discussions and I simply got called things like “STUPID TROLL” “ALEC dumbass”, RepubliKKKan, and the didn’t offer any real retort to my arguments. Remember, liberals care about anti-bullying campaigns, unless you disagree with them politically. If you’re a RepubliKKKan, KKKonservative, Losertarian, or other non-leftist your opinion doesn’t count. Just ignore the failure of: the former Soviet Union, nations of the former Warsaw Pact, Venezuela, Cuba (but just look at those high literacy rates), Zimbabwe, North Korea, Detroit, the National Socialist Workers’ Party of Germany, Greece, and Spain.

If you’re a socialist like the people over at the Mother Jones magazine you’ll say things like “Kochtopia” and that “Kansas is screwed”. Don’t actually look at any economic performance data or the low unemployment rates. Don’t you dare actually read into how different states are doing. If you’re a liberal, you’ll ignore the economic performance of a state like Texas. You’ll also point out how Kansas had its credit rating downgraded while Illinois has had the same thing happen to it nine times. I didn’t realize that progressives cared about budget deficits or debt? Funny thing is, I thought that a city such as Detroit would fit that description better, but that must be the fault of capitalism right? Liberals had nothing to do with it at all.

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For anyone who’s interested in getting a good laugh out of my economic discussions with progressives, here you go. Always remember, just turn your brain off when you debate economics with leftists. You’ll lose too many brain cells otherwise.

A Cisco router or switch is a job now. Also, labor costs nothing.

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Don’t actually look at the cost of living in a country, just isolate one single statistic to make your point. Don’t look at any economic performance data either.

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Detroit wasn’t run by liberals for the last fifty years apparently…

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If you’re real lucky and doing very well, the leftist will wish for your imminent death. It’s also hilarious when they state that you hate people of a lower class and/or color even if you’ve mentioned nothing about race.

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This exchange goes on even longer than I’ve posted up, but I think that you get the point.

The leftist solution for the economy: war, massive debt spending, and aliens

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So the videos that I’m posting of Paul Krugman are nothing new, they’ve been around for some years now. But because of the economic message many leftists/socialists continue to spread this warrants some repeating. The first video of Paul Krugman was aired back in August of 2011 on CNN. In the video Krugman argues that since stimulus debt spending isn’t up to his liking that an alien invasion should be staged to make for for a rapid rise in military spending by the Federal government to fix the ailing economy. Because if there’s one thing that the Federal Government’s not doing enough of, it’s deficit spendingRemember folks, Paul Krugman received the Nobel Peace Prize for Economics in 2008. National debt, never heard of that stupid thing! Raise taxes for the wealthiest to 70% like during the Carter years, or 90% during FDR’s time, awesome solution! That would do nothing whatsoever to hurt business competitiveness or convince the rich, especially leftists to move their wealth away right? Because if there’s anything that helps businesses out, it’s higher operating costs and taxes right? And when the dust has settled, the alien ruse is revealed, and the economy is most certainly in great shape we’ll all be able to say: “Thank you Mr. Krugman, your genius surely knows no bounds. Let me kiss your feet and be generous by giving away even more of what I own”.

Isn’t ironic that people that are supposedly “anti-war”, especially ones that received a Nobel Peace Prize, call for a massive military buildup and war? In any case, enjoy yourself and get a good laugh at the Krugman explanation for fixing the economy. While you’re at it, why not let the whole world know how you feel about Paul Krugman in the poll at the end of this post?

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Christine Lagard non ha la minima idea di quello che dice- 70 sciocchezze keynesiane in una sola frase

German thoughts on the Energiewende and Green Energy

A lot of leftists/greens/socialists would have you believe that green energy is cheap, scalable, and with few downsides, so much so that they can’t ever shut up about it. They just love to cite Germany’s “Energiewende” as an example for all of us to follow, it’s almost as if climate change is their religion. Never mind that Germany’s own government has been forced to accept that the Renewable Energy Act (EEG) is a complete and total failure. Also forget that Germany is burning more coal than ever before, nuclear power is evil and green energy is obviously the only way.

Perhaps it’s all a part of the Green plan? If electricity prices go up enough then we’ll just stop using electricity right? We can all just give up our cars, stop using any electricity, become hunter-gatherers, and live in caves. While we’re doing that, all of the rich celebrity environmentalists will hear of our new found climate faith and fly out in their private jets to watch as we all bow down and worship the Goreacle. It’ll be a sight for the ages.

Let’s ask some Germans what they think about the GroKo. It’s really quite hilarious.

Remember, whenever governments say something is free or cheap it must be true right? You just have to become more generous.

Here’s Angela Merkel and her adivsors admitting that the EEG has failed.

Keynesians, fantasies, Liberal Logic, race baiting, and Star Trek VS Star Wars

I’ll be writing more real posts soon but for now I’ll just leave these here for your enjoyment…

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I’m posting this because of how awful the last three Star Wars movies were. George Lucas just doesn’t do well when no one’s able to question him.

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Coming Soon: A Chinese Canal through Nicaragua

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It seems that the Chinese will start construction of a canal through Nicaragua at the end of December. A Chinese business magnate by the name of Wang Jing and his Hong Kong Nicaragua Canal Development Investment Company (NKHD) made an agreement with Nicaragua in June 2013 to build a canal and actually seem to be getting ready to start construction now. Engineers are starting to show up and perform surveys, analyze the soil, and assess environmental impact although the Nicaraguan government already agreed to allow the NKHD to own the land for then next fifty years prior to making any assessments. Chinese contractors have gone to various peoples homes to determine property values, though aren’t required to pay any fair amount for their land. NKHD isn’t even required to actually finish the project nor can it be held responsible under the agreement for anything that goes wrong. The agreement was authorized under legislation that was rushed through the legislature in seven days and no public input for the law occurred. The Nicaraguan Constitution was recently re-written just to allow the agreement and legislation for the canal to pass.

Many Nicaraguans are opposing the plans to build the canal with many of President Ortega’s former supporters and former revolutionaries claiming they are ready to fight the army and police. I find it hard to blame them, they didn’t really have much say in the matter and if anything goes wrong or the canal ends up not being profitable there’s really very little Nicaragua can do about it. I wonder what would happen if the canal is built yet unprofitable or if one of the two active volcanoes along the route goes a little too active? Maybe good ties with Communist China wasn’t such a great idea? What if enough people join the New Contras and actively fight against the government and NKHD? Only time will tell I guess…

The Economist – A man, a plan-and little else

Spiegel Online – The Red Canal: Uncertainties Surround Nicaragua’s New Waterway Project

The Daily Beast – China’s Nicaragua Canal Could Spark a New Central America Revolution

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The failure of socialism in Venezuela

Venezuela has been going downhill for a while now. With excessive inflation, an inability to supply basic goods and services, a lack of foreign currency, the looming threat of a default, extreme violence against any who dare question the government, and criminalization of any civilian-owned weapons perhaps it’s only a matter of time before Venezuela collapses. With massive oil reserves Venezuela is now importing oil. I guess socialism isn’t working out so well. I wonder how much longer Maduro will stay in power?

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USA Today-Venezuela, with world’s largest reserves, imports oil