181–190 of 605 posts
Earlier quoted context omitted.
I've not heard any British politicians say that lockdowns are free but I have heard the Chancellor say that any borrowing at the moment is cheap due to low interest rates.
That is literally true though: https://www.bloomberg.com/markets/rates-bonds/government-bon... Thirty year rates at 1.28%!
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The first happens in The Netherlands on large scale, since they deregulated job agencies. There are 1,000's of shady ones, where administratively all is fine and dandy, but in practice foreign labour is paid far below minimum wage + they are often threatened to not speak up, passport taken, etc. This, btw, happens all across the EU is my impression. Modern-day slavery very much alive globally even!
The problem here is more of a supply / demand thing which you can't simply ignore that because the issue will never go away so long as the incentives for it exist. If farmers paid good wages they wouldn't need to rely on foreign labour and food prices would go up. This is a workable solution, but is is what people living in western countries want? We have the same issue here in the UK with the NHS.. We pay NHS worker…
The UK has done, it is known as Brexit.
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These boom bust cycles are caused by fiat money, inflationary debt/spending, government stimulus and over regulation that causes false market signals and creates bubbles, it’s not a capitalism problem, capitalism would be the solution.
Fiat money is the outcome of unfettered capitalism. The government needs money to pay its loans that it took with interest, so what does it do? Detach the currency from anything tangible like gold or other precious metals, then print more money as it desires, devaluing the hard work of people who are trying to save money. There's a reason that interest and usury are prohibited in Islam, Judaism, and Christianity. Mar…
I have been buying GSG for the last few weeks as a hedge. Beyond transient effects of COVID-19, more chaotic weather due to climate change seems to be wreaking havoc. Beyond that, our economy seems to be increasingly reliant of raw materials that are increasingly harder to extract or that we demand more and more of. For examples of climate havoc, look at the drought in Taiwan and the deep cold in Texas. For examples…
" Food Prices Are Soaring Faster Than Inflation and Incomes " ...Food price rises ARE inflation!
" Food Prices Are Soaring Faster Than Inflation and Incomes " ...Food price rises ARE inflation!
" Food Prices Are Soaring Faster Than Inflation and Incomes " ...Food price rises ARE inflation!
Rising food costs. Rising housing costs. Rising unemployment and stagnating wages. Another crash coming in the next couple of years?
The article mentions that US food prices are inflating at a much more pedestrian 3%:
> In the U.S., prices rose close to 3% in the year ending Jan. 2, according to NielsenIQ, roughly double the overall rate of inflation.
EDIT: It's energy. https://www.bls.gov/cpi/