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Letters by a modern St. Ferdinand III about cults

Plenty of cults exist - every cult has its 'religious dogma', its idols, its 'prophets', its 'science', its 'proof' and its intolerant liturgy of demands.  Cults everywhere:  Islam, the State, the cult of Gay and Queer, Marxism, Darwin and Evolution, 'Science', Globaloneywarming, Changing Climate, Abortion....a nice variety for the human-hater, amoral, anti-rationalist to choose from.  It is so much fun mocking them isn't it ?

Tempus Fugit Memento Mori - Time Flies Remember Death 

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Saturday, May 05, 2012

Changing Geo-Economic reality

Debt vs. Growth

by StFerdIII

 

Next we have a chart shared with us by Niall Ferguson, showing how the US and Japan (and to some extent Germany) have seen their share of world GDP fall relative to China and India. He argued (as did several speakers) that the relative growth in the world is moving from Europe, Japan, and the US to the emerging markets. This is estimated data through 2016 from the IMF.

The following chart is also from Niall and shows gross government debt-to-GDP. This may be difficult if you are not looking in color, but the US (when all debt is counted) does not look all that much better than some of the problem countries in Europe.

"We are monitoring the BROAD rise in Youth Unemployment Rates, across the EU (this March, versus March of last year):

--- Bulgaria ... 32.8% ... up from 26.7%
--- Portugal ... 36.1% ... up from 27.6%
--- Denmark ... 15.1% ... up from 13.7%
--- Ireland ... 30.3% ... up from 28.7%
--- Cyprus ... 28.8% ... up from 18.8%
--- Hungary ... 28.8% ... up from 25.4%
--- Netherlands ... 9.3% ... up from 6.9%
--- Poland ... 26.7% ... up from 25.7%
--- Slovenia ... 16.5% ... up from 16.3%

"The Summer of 2012 could easily become the Summer of Social Dissent in the EU..."

 


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