Tuesday, March 31, 2009

Fantastic news from OECD

”The world economy is in its deepest and most synchronised recession in our lifetime.” / OECD’s cheif economist. Klaus Schmidt-Hebbel

According to a resent report the world economy will shrink this year and continue to do so next year. This is fantastic (or at least very funny) news to those working at Sandvik or other companies dependent on trade and production. And so long all is well, you can almost feel some intellect streaming from these OECD guys. But then they start mumbling about lower inflation (they are talking about prices – of course) and they call for additional governmental spending and more stimulus packages. These are the people with some of this world’s brightest minds when it comes to economy? Let me just throw some Polar Bears at them and then continue quoting from this report.

The numbers and conclusions they are presenting at the coming g20 meeting are dependent on the financial crisis slowing down during 2009, which they do admit might not happen – one brain cell working again. Let me here just state that most people, including the so called “experts” have no clue how deep in dodo we really are.

There are a lot of other things in this report that goes in the same direction. They present some numbers and add some different “ifs” to them. Unemployment will increase (duh) and trade deficits will grow (duhuu). They also recommend some stuff which – of course not- don’t include stop printing money or stop the borrowing and spending carrousel or let bad businesses fall, but mainly the complete opposite. So it’s kind of a mixture of good and terrible things. One "good" thing is that they speak out against protectionism, which is the only thing missing in this mess (and that is starting to grow here and there). But the final touch might after all be the most fun one. In a state of madness these people with intellect barely above the earliest primates concludes and suggests that there most be a tighter control of the financial markets with even more rules. This is great stuff; I might actually get that apocalypse after all.

Now, let me tell you all what really is going to happen.

First of all this recession will sooner or later become a depression. Before I thought it might take a while, a couple of years or so, because all these stimulus and so forth might trick people and hold the charade running for a while longer. Also trade is still going pretty strong, its falling and protectionism is starting to show its ugly face, but it is still pretty well off. But now I’m not so sure it will take that long. As I said protectionism is raising and idiots everywhere is screaming ever louder for their “free stuff” so all we really need is a catalyst, the US dollar dropping like a stone (which will happen); another war or a couple of big companies going bankrupt and then we are off. And since several countries have their focus on services and big spending with borrowed and newly printed money and since we are – for the most part – pretty rich today, this will be a hilarious event that will keep spinning itself in a never ending spiral of stupidity. This might even get funnier than WW II.

Second; The United States and Britain will drop the hardest at the start, together with some South American and some Asian countries. Most of Europe are actually pretty well of, despite all the madness. - I actually need to throw a little bit of praise to my birth nation of Sweden. The centre-right government there is pretty tight with money and have so far not listen to much to all the screams and if they keep that up, it might work out decently, at least until the real fun starts. Because in the end, it comes, the fun thing that really is to blame for this mess and the person who should be ashamed: you! The stupid populace will demand more and more things, more government spending and more stupidities. There are already several demonstrations and such going on, this will just get worse and worse and this pressure will make politicians everywhere to do the complete opposite of what they ought to be doing so from this comes the second fall.

This far, I’m very certain am right, this is going to happen. I have been right so far and see no reason why I shouldn’t be right now. But what happens next?

It all depends. I believe there is about 50/50 chance that one or several of those hysterical petite men will rise to power. Probably of the pure socialist kind since most people seems to think that’s the answer. And IF this happens, oh boy, the pure joy on my face. A couple of new Stalin’s and Hitler’s added to this mess of despair and gargantuan unemployment with nuclear weapons available to everyone with money? Yes! And then all we need to do is waiting for some or several of these guys to press that button.

Above is a bit simplified of course, I’m not even mentioning oil prices, water shortages, inflation or going into details, but most of you wouldn’t understand it or you would just ignore it anyways, so you go on with your business now and I’ll see you later at a demonstration were you will help with making things worse. Fun fun fun..


  1. You better bring your pessimistic behind (we're not acquainted to the degree that I will use profanities on your blog :) )back to Sweden if the socialists win the election 2010. Demonstrations? Oh, you haven't seen anything yet :) *conspiratory look*

  2. Not very likely. Well, I am a refugee at one of the places that will be worst off in a year or so when the real fun starts, so I might be looking for a move. But if this turns out to be as ugly as I think it will, I will probably search for a place far away from Europe. South Atlantic maybe. St Helena had Napoleon as guest for a while, might settle down there. Grow my own bananas; make my own vodka and what’s some satellite TV with all the fun people running around like beheaded chickens crying for some help. I will save you a seat.