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 9 Aug 2008 @ 23:18
The public (in America) is of the broad position that the NAFTA was responsible for the folding up of many factories and the transfer of jobs to Mexico/South. This NAFTA-bashing has some validity to it, but the semi-economic integration alone with Mexico and Canada isn’t a sufficient reason for the bigger problem of de-industrialization.
Once robust and colossal, the industrial sector of the USA contributed over 50% of the Gross Domestic Product or GDP, and employed half the labor as well. As early as the mid-50s, the futuristic sociologist Daniel Bell already warned that the trend wouldn’t hold long enough, as the ‘post-industrial society’ was already knocking its doors on the USA. Not only that, he also forecast that by the 21st century, the center of global economic growth would be the Asia-Pacific, while labor would shift to the services sector. More >
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9 Aug 2008 @ 23:16
...The USA’s GDP ended up at $12.5 Trillion last year, though some indicator massage could yield a higher figure of $13.5 Trillion (using Purchasing Power Parity or PPP). Measure this against the Gross World Product of GWP of $59 Trillion more or less, end of 2007. Estimate by experts is that the US contributes to 22% of the GWP, and ditto for the EU.
That figure of $12.5 Trillion, fellows, is simply the ‘nominal value’ of the US economy. Nominal and real are two different categories in economics. Granting that the ‘virtual economy’ based on financial speculation has been the one that raised values of commodities and services in the USA, the ‘nominal value’ is actually inflated, rendering the ‘real value’ at a much lower level. More >
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7 Aug 2008 @ 10:09
Just exactly at what level had the totality of US debts had reached is practically anybody’s guess. So complex is America’s financial system and the mess created by the ‘bubble economy’ over the last three (3) decades, that it takes an enormous amount of research efforts led by top economists and financial consultants to undertake.
One thing is clear though: whoever will be the USA’s next execs must never fail to measure, comprehend, and reverse the debt trends. The estimates today, using combined data from the Fed, the Bank for International Settlements or BiS, and independent researches would put the figure at $50 Trillion. More >
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7 Aug 2008 @ 10:07
So, fellows out there, whatever happened that the once mighty US economy—once contributing to 40% of Gross World Product (GWP)—is now drifting downwards, producing now just 22% of GWP? That the EU would itself catch up with the USA and equally produces 22% of GWP, though EU’s money is bloodily mightier than Uncle Sam’s once mythical Dollar?
...The ‘gambling economy’ based on speculation, conceit, lies, rather than based on the real value of consumable articles of trade, became the dominant modality in the USA. Debts and more debts piled up, since having no debt was moralized as bad behavior. Debs quadrupled in just a few decades, resulting to $50 Trillion worth of debts today. More >
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2 Aug 2008 @ 08:25
As an observer of ‘US reality’, I’d candidly say that if there’s anything most worrisome in the US right now, it’s the economy. Without the pejorative ‘stupid’ by the way, I leave that to Bill Clinton’s spin doctors.
Whoever wins, and whoever would be vice president, this tandem of statesmen (hopefully) will have to go about moving heaven and earth to salve the ailing economy. The ailment is not just a structural one that will be resolved with some palliatives. More >
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31 Jul 2008 @ 00:01
We Manilans were met this morning with the seemingly good news that oil price nose dived to $125 per barrel. As this news was released, we have just three (3) days before Her Excellency, President Gloria Macapagal Arroyo or GMA, will deliver her State-of-the-Nation Address or SONA.
With due respect to a fellow economist, the eminent world woman leader GM Arroyo should better not say lies comes Monday SONA that her actions on oil tax in Manila are responsible for bringing down global oil. Rather, her regime’s actions on state imports of rice immensely led to more speculation on the global commodities markets that indeed contributed in no small measure to raising the price of rice world-wide, actions that added pressures on oil prices to go up too. More >
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30 Jul 2008 @ 23:59
Those more aware fellows on Earth may be reflecting right now about the long-term agenda of the global oligarchy regarding population. We note the rise of the neo-Malthusians within and outside the UN and international bodies from the 70s onwards, their position buttressing the toxic ‘greenies’ demonization of humans as the cause of the planet’s predicament.
The greenies’ and Malthusian’s causes do tie up, as they are among the paid Pied Pipers of the global oligarchy for the long-term agenda of depopulating the planet. The global elite’s disdain of masses of humans, who they refer to as ‘useless Eaters’, do make sense when we reflect about the wars, pandemics, induced cyclones and earthquakes, and many more phenomena that tend to reduce the populations en masse at any given instance. More >
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29 Jul 2008 @ 00:04
My beloved country remembers the late Franklin Delano Roosevelt very well. It was his presidency that paved the way for preparing the Philippines as an independent state, by first granting the country the status of a commonwealth with its own constitution (1935 Constitution), and by permitting such domestic government to prepare the legislative measures and policy environment for a future independent state (granted independence in 1946).
Roosevelt’s regime also paved the way for the developmental paradigm that would propel the Philippines along the road to industrialization (we now term this as Import-Substitution Industrialization). The paradigm, based on the works of previous thinkers Alexander Hamilton, Friedrich von List, and the exemplar development policies of Abraham Lincoln, puts great stress on the ‘physical economy’ as the foundation for a prosperous and mighty economy in the long run.
Roosevelt further went on to cogitate that colonialism should fold up after the war, and that all former colonies must follow the road to development and prosperity, this being the road to genuine international peace and cooperation. The international doctrine of Roosevelt became the foundation for post-war cooperation, and buttressed the founding of the Bretton Woods agencies whose mandates were propelled precisely by the physical economy framework, the need for undertaking development in the former colonies, and the need to regulate national currencies via fixed exchange rate backed by the gold standard. More >
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29 Jul 2008 @ 00:01
We cannot deny, as shown by evidences, that Earth changes are taking place today. There are no fixed interpretations of the changes though, and the scientific community is the least unified about such interpretations.
Whether the fixed idea of ‘global warming is carbon-based monstrosity’ is fully accepted across the sciences and civic groups remains as a hot issue. It is, for one thing, too contentious, and in my opinion as a social scientist, too reductionist with pugnacious eco-fascist underpinnings.
Astronomers have recently reported updates about all planets of the solar system undergoing changes in their polar areas. Even the sun does not escape its own equivalent changes that have repercussions on the electromagnetic belt of our very own planet. Unfortunately, global Establishment media and information niches have released the news in separate, isolated packets so that they won’t be noticed by the public, thus sustaining the rather erroneous and suspicious fixed idea of a carbon-based or human intervention-induced Earth changes. More >
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19 Jul 2008 @ 10:59
Among all thought modalities coming from the East that are most valuable for bringing human awareness to its next level—under the rubric of Asian Renaissance— yoga meditation stands out as the most potent. Having studied and practiced this Asiatic science for almost three (3) decades, I can testify to its efficacy for effecting quantum leap in awareness and intelligence.
Following from the foregoing declaration, I would posit that yoga meditation, or simply meditation, would serve very well the ‘peace project’. The task of building peace is a grand and complex effort as it operates on three (3) levels: (a) inner peace (intrasubjective), (b) outer peace (objective world), and (c) ‘interpersonal’ peace (intersubjective). More >
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WELCOME ALL YE FREETHINKERS, SEEKERS, MYSTICS! LET'S ALTOGETHER BUILD A NEW WORLD FOUNDED ON LOVE, UNIVERSAL BROTHERHOOD, COSMIC AWARENESS AND RESPONSIBILITY! |
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