Worldwide economic panorama is very bad, there is an universal decrease in economic activity that confirming Professor Hamilton's cool-eyed appraisal, is not improving. The situation in Eastern Europe seems catastrofic: Ukraine is producing 20% less, Lituania 22% less, Estonia 17% less, Latvia 18% less, and resource-rich Russia 10% less. These countries are getting poorer by leaps and they may end becoming underdeveloped once more, ready to welcome back German and Jewish colonists. Which there are no more. Apparently a hundred years of Communism and post-Communism have really exiled and/or liquidated the middle class and the masses remaining are having difficulties to maintain a viable economy. This will be self-corrected in one or two generations, by eugenic breeding that I am sure is taking place, or by re-colonization by middle-class peoples like Armenians, Greeks and others available. Maybe Chinese, Korean, Vietnamese.
Thursday, August 20, 2009
The Israeli Economic Miracle
The Economistpublishes today its tables of economic indices and it appears that the only country in the list that is growing is Israel. Excepting China, whose numbers are n.a. or suspect. The shekel keeps strengthening and the Central Bank here is buying up dollars every day to keep it down (without success). I suspect that given the ongoing weakening of the dollar, alert people in the USA are moving some monies to Israel. But strong shekel could damage the local export industry, so the Bank buys up the excess. We are in the same dollar trap as the Chinese and the Japanese.
Worldwide economic panorama is very bad, there is an universal decrease in economic activity that confirming Professor Hamilton's cool-eyed appraisal, is not improving. The situation in Eastern Europe seems catastrofic: Ukraine is producing 20% less, Lituania 22% less, Estonia 17% less, Latvia 18% less, and resource-rich Russia 10% less. These countries are getting poorer by leaps and they may end becoming underdeveloped once more, ready to welcome back German and Jewish colonists. Which there are no more. Apparently a hundred years of Communism and post-Communism have really exiled and/or liquidated the middle class and the masses remaining are having difficulties to maintain a viable economy. This will be self-corrected in one or two generations, by eugenic breeding that I am sure is taking place, or by re-colonization by middle-class peoples like Armenians, Greeks and others available. Maybe Chinese, Korean, Vietnamese.
Worldwide economic panorama is very bad, there is an universal decrease in economic activity that confirming Professor Hamilton's cool-eyed appraisal, is not improving. The situation in Eastern Europe seems catastrofic: Ukraine is producing 20% less, Lituania 22% less, Estonia 17% less, Latvia 18% less, and resource-rich Russia 10% less. These countries are getting poorer by leaps and they may end becoming underdeveloped once more, ready to welcome back German and Jewish colonists. Which there are no more. Apparently a hundred years of Communism and post-Communism have really exiled and/or liquidated the middle class and the masses remaining are having difficulties to maintain a viable economy. This will be self-corrected in one or two generations, by eugenic breeding that I am sure is taking place, or by re-colonization by middle-class peoples like Armenians, Greeks and others available. Maybe Chinese, Korean, Vietnamese.
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3 comments:
Perhaps people are moving money from Switzerland, which has, curiously, become somewhat less attractive, to Israel?
Anon.
1. We are in the same dollar trap as the Chinese and the Japanese.
The solution is to dollarize like Ecuador and use the money you save to buy gold as protection against the unknown.
Its better to let some other fool waste his time managing a paper currency while you prudently guard your gold reserves in case of war, famine or some other unforeseen event. Then if the dollar collapses you can use the gold to back a new paper currency.
2. I think there is the possibility that those countries can make it, but I think they could easily be considered culturally defective.
I certainly hope I am wrong, I would not to see the slavs of Europe disappear while the Ecuadors and Zimbabwes of the world multiply.
Expanding on my second point, the Ukraine is listed in IQ and Global Inequality as having a national IQ of 96, which although not the brightest *should* be enough to at least run a functioning economy.
Either the cutoff for modern society is 100, the Ukraine has a defective culture, or possibly the Ukraine is condemned by geography.
I don't know.
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