tag:blogger.com,1999:blog-1400985529434569506.post8326044085362188905..comments2024-03-28T01:33:22.764-04:00Comments on The DiploMad 2.0: The End of Economics?DiploMadhttp://www.blogger.com/profile/02316439950882822419noreply@blogger.comBlogger3125tag:blogger.com,1999:blog-1400985529434569506.post-67706072376306448772012-05-07T15:10:20.926-04:002012-05-07T15:10:20.926-04:00Hi. It is May 7th, Mr. Dimitris Christoulas's...Hi. It is May 7th, Mr. Dimitris Christoulas's note is history (I refuse to dig in the garbage dump for dinner). The Greeks electorage just repudiated the right and left and elected refuseniks and anarchists. France just elected a Socialist who is going to reverse the attempts by Sarkozy to cut the growth of social programs. Poor Greece. Poor France. <br /><br /> Fantasy is no substitute for ecnomic reality and 2 plus 2 is never 5, even if the politicians pretend it is so.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-1400985529434569506.post-17560824742319414592012-03-14T14:53:25.189-04:002012-03-14T14:53:25.189-04:00I was thinking about all of that (albeit with out ...I was thinking about all of that (albeit with out the eloquence) just the other day. Greece and its "test," and the bond holders coming out with a profit because they only lost 70 percent of their investments (30 percent of something, I guess...). And what that all means to us, the good ol' USA. Money, especially the dollar, as once was the real, is the coin of choice. Our government, when China decides it's time to buy another country, will simply declare all government warrants good and legal tender. Private industry will constrict. This will work for several years, maybe even a couple of decades. And then we come to the inevitability of a many from one, vis the former USSR.SlimReednoreply@blogger.comtag:blogger.com,1999:blog-1400985529434569506.post-61628499420212477062012-03-12T15:34:53.024-04:002012-03-12T15:34:53.024-04:00As someone smarter than me said- "Arithmetic ...As someone smarter than me said- "Arithmetic never blinks first".<br /><br />Glad you're back.Thought Criminalhttps://www.blogger.com/profile/16580544078445961598noreply@blogger.com