tag:blogger.com,1999:blog-6213093208529982391.post4630031153430065660..comments2024-01-21T05:21:53.264-10:00Comments on The Cautionary Revelation of The Apocalypse: How to ruin a country’s economyThe Cautionary Revelation of The Apocalypsehttp://www.blogger.com/profile/15821985631020193972noreply@blogger.comBlogger7125tag:blogger.com,1999:blog-6213093208529982391.post-77999999966763434742009-07-02T21:18:50.568-10:002009-07-02T21:18:50.568-10:00The Central Bank is not independent at all. In rea...The Central Bank is not independent at all. In reality the appointments to the board are "political" and their policies are dictated by the state. Also, in order to have some effectiveness, they need to correlate the efforts with the plans of the governments. In other words the "independence" is just a scam. <br /><br />Have you guys really taken a look at any paper recently? Every one of them has at least one article with some bonehead claiming we are seeing "green shoots" and the recession is easing off. The same paper however have also articles about unemployment going up, more bankruptcies, trade going down and so on. The delusions are tragic, but also very amusing.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-6213093208529982391.post-14343836286344929732009-07-02T21:13:11.373-10:002009-07-02T21:13:11.373-10:00Oh yes David, next year when the depression is rea...Oh yes David, next year when the depression is really here we will have a change in power with communists, tree huggers and socialist running the show in Sweden. How fun will that not be? The lefties in power during a depression... oh.. this is going to be hilarious...Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-6213093208529982391.post-80657323966043097162009-07-02T13:03:52.252-10:002009-07-02T13:03:52.252-10:00....and when they do, they have 4 years of robbing.......and when they do, they have 4 years of robbing us to pieces! And in the end, well the other corrupt party begins, because people are "tired" of the old gang. I feel sick!!!!Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-6213093208529982391.post-5585322694087108762009-07-02T11:59:27.592-10:002009-07-02T11:59:27.592-10:00This was one of the most interesting articles I ha...This was one of the most interesting articles I have read in years. However, Sweden is a small export-based country. The devaluation of the Swedish krona has always been a tool for the corn-flake economists and the politicans in order to help the export industry during recessions, even if it has not helped the industries competitiveness in the long run. This is one of the reasons to Sweden not joining the Euro. The Central Bank might not be that independent as suggested. Politicians want to win the next election...Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-6213093208529982391.post-21322933142147418262009-07-02T06:43:09.416-10:002009-07-02T06:43:09.416-10:00For what? The interest rates? The central bank? We...For what? The interest rates? The central bank? Well both of those stupidities should of course be abolished. There should not be such a horrifying and immoral thing as a central bank. <br /><br />But if we stay in the current situation they should - of course - do the complete opposite. The central bank should increase interest rates up to around 4%. They should stop printing money that excides the production capacity and they should not help out the government one single little tincy wee bit. Furthermore they should limit the money lending without security demanding lower ratio between the lending amounts and the in-house kept amount. Wouldn’t this cause the recession to continue and make things worse? Yes it would, in the very short term. Within a year the market would recuperate and we would see a much larger savings ratio which would make us better equipped once the recession/depression ends. The recession and the crisis cannot be stopped; the questions are; when it will be a depression, how severe and how long it will last. <br /><br />The Swedish central bank is working under three assumptions. <br /><br />1) The recession will not last and things will be much better soon. <br /><br />2) Inflation will not become a problem before the recession is ended hence higher interest rates will not harm so much. <br /><br />3) The government will not do anything stupid to jeopardize the economy<br /><br />If you, like the central bank, believe in this madness you might think they are doing the right thing, but even IF this is correct, it still means that savings will go way down and borrowing (people in debt) will go up. So even in the best of scenarios with this policy you get a hangover that is very severe.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-6213093208529982391.post-5101852084477706442009-07-02T06:20:47.729-10:002009-07-02T06:20:47.729-10:00Got a better idea?Got a better idea?Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-6213093208529982391.post-79458813294497844072009-07-02T04:05:26.375-10:002009-07-02T04:05:26.375-10:00TrueTrueAnonymousnoreply@blogger.com