Opinion: Infographic-Oecd health at a glance 2013 ex Irish Times-John Gelmini

English: Ben Bernanke leaving the 2008 Bilderb...

English: Ben Bernanke leaving the 2008 Bilderberg Conference (Photo credit: Wikipedia)

OECD Infographics are a telling way to see what the effects of austerity have been just as Dr Alf points out.

The trends are clear enough as well but we cannot put it all down to austerity which was a policy response to Europe’s and America’s malaise and to conditions which preceded the theft of taxpayer funds from the banks by those in ultimate control.

For years the West has existed on borrowed time and borrowed money and through the Club of Rome and The Bilderberg movement came up with the ideas of Globalisation and Climate Change.

This led to the outsourcing boom and off-shoring boom to India, the rise of China as the workshop of the World in the Pearl River Delta and a massive shift of wealth eastwards.

The remaining jobs here in the UK and Europe are, and have been, under threat from technology, lower productivity and the technological advance of China which the Bilderbergers (All of Europe’s leaders, the Prime Minister, George Osborne, Ed Balls, Kenneth Clarke, Heseltine, Miliband, President Obama, Hillary and Bill Clinton, Bill Gates etc., etc. thought would take place in 20 years, but in fact, took just four, and before the engineered banking collapse by a margin of two years.

The Chinese have been busy building shareholdings in Western companies, buying them outright and buying up mineral rights and land on which to grow food in Brazil, Argentina and Cambodia.

Rightly, they fear Global Cooling, which is what the planet has been experiencing since 1996 (See the IPCC Report).

The banking collapse and the austerity designed to fix the damage has compounded a situation which had already started to unravel years before and Green taxes simply add to the damage by making it harder for the West to compete and export effectively.

As for the OECD‘s graphs and trends, they are worse than depicted because true levels of unemployment is understated and, if there is too much immigration from Eastern Europe, I predict Balkanisation, violence and a breakdown of law and order.

John Gelmini

 

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Why Janet Yellen, Not Larry Summers, Should Lead the Fed – Joe Stiglitz – NYTimes.com

White House portrait of Lawrence Summers.

White House portrait of Lawrence Summers. (Photo credit: Wikipedia)

Cropped picture of Joseph Stiglitz, U.S. econo...

Cropped picture of Joseph Stiglitz, U.S. economist. (Photo credit: Wikipedia)

English: Janet Yellen being sworn in by Fed Ch...

English: Janet Yellen being sworn in by Fed Chair Ben Bernanke (Photo credit: Wikipedia)

Paul Krugman, Laureate of the Sveriges Riksban...

Paul Krugman, Laureate of the Sveriges Riksbank Prize in Economic Sciences in Memory of Alfred Nobel 2008 at a press conference at the Swedish Academy of Science in Stockholm (Photo credit: Wikipedia)

This is a brilliant, MUST-READ article from Nobel Prize winning economist, Joe Stiglitz, published in the NYT. Check it out!

Why Janet Yellen, Not Larry Summers, Should Lead the Fed – NYTimes.com.

Personally, I endorse Joe Stiglitz’s view. I was surprised to see the other day that another Nobel Prize winning economist, Paul Krugman was assuming that Larry Summers was the increasingly favored candidate.

Whilst I respect Larry Summers intellectually, he comes across to me as smug and conceited; accordingly, I would worry about his style in a consensus building role.

I sense that if Janet Yellon wins then the financial markets will hit the stratosphere.

Any thoughts?

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