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Tuesday, September 29, 2015

ABOUT ECONOMICS THE CONCLUSIONS ARE YOURS

(BY CLICKING ON THE TITLE WE ARE REDIRECTED TO AN ARTICLE CONCERNING the Irrelevance of Mainstream Economics)

DEAR READERS CHAIRESTHAI EN IRENE,

ON 23/09/15 ePAPHOS FOLLOWED THE CONFERENCE ,WHICH WAS ORGANIZED BY OSE (EUROPEAN SOCIAL OBSERVATORY) AND HOSTED BY THE WORKERS GROUP OF THE EESC ABOUT:

SOCIAL POLICY IN THE EU:STATE OF PLAY 2015

DURING THE EVENT ,WHERE VERY IMPORTANT SPEAKERS HAVE PRESENTED THEIR IDEAS ABOUT THE CRISIS(GEORGES,BART,PHILIPPE,DAVID,VIVIEN,RICHARD,GABRIELE,EGBERT,LUCA),IT WAS GIVEN THE OPPORTUNITY FOR ANGELOS TO MAKE SOME REMARKS AND QUESTIONS.

THESE WERE DIRECTED TO THE TRADE UNIONS BY ASKING :
A)WHAT IS THEIR CONTRIBUTION TO THE ANTI -TTIP SOCIETAL's MOVEMENT ACTIVITIES?
B)WHEN THE UNIONS ARE GOING TO IMPLEMENT (DIRECT) DEMOCRATIC PROCESSES TO THEIR GOVERNING BODIES SELECTION,AS THEY  CLAIM TO BE ANTI-OLIGARCHIC ORGANIZATIONS?
C)ARE THEY GOING TO SUPPORT  OUR STANCE INSIDE EUROPEAN ORGANS FOR THE PARTICIPATORY EMPOWERMENT INTO THE DECISION MAKING PROCEDURES ON BEHALF OF THE VARIOUS  STAKEHOLDERS GROUPS?

ADDRESSING TO HONORABLE CITIZEN ,PROF.MADAM VIVIEN SCHMIDT,
IT WAS POINTED THAT THE CRISIS IS NOT A EUROPEAN PHENOMENON,AND WAS NOT CREATED BY EUROPEANS.
ON THE CONTRARY  THE UNION IS FOLLOWING THE CHOICES OF N.Y. DUE TO ITS PREVIOUS OBLIGATIONS.
ALSO  IT WAS MENTIONED THAT WE SHOULD AVOID TO USE THIS DIFFERENCE OF SOUTH - NORTH,EAST - WEST ,BECAUSE ON THE ONE HAND IT IS AN ILLUSION AS THESE ISSUES WHICH ARE JOINING EUROPEANS AND  MEDITERRANEANS ARE MUCH MORE THAN THESE WHICH ARE DIVIDING AND ON THE OTHER HAND THE ECONOMIC IMBALANCES BETWEEN VARIOUS STATES ,ARE NOT LASTING FOR EVER,ESPECIALLY WHEN SOLIDARITY ON THE CITIZENS BASE IS BEING ACTIVE.

IT MUST BE MENTIONED THE SPEECH OF PROF.EMERITUS LSE HON.CITIZEN MR.HYMAN RICHARD,WHICH  CAME VERY CLOSE TO OUR APPROACH ABOUT THE NEW SOCIETY AND WHO WAS INVITED TO JOIN OUR EFFORTS.




 POLITAI-CITIZENS-METAPOLITANS,
HAVING INTO CONSIDERATION THE ABOVE  IT WILL BE TRIED TO BE PRESENTED IN A MORE OR LESS SCIENTIFIC WAY THE TODAY ECONOMIC SITUATION,EVEN THOUGH ALMOST NOTHING HAS BEEN CHANGED FROM THE PREVIOUS POSTS OF OURS.

WE THE DEPRESSED OECOUMENISTS SHALL OFFER THE FINAL SOLUTION,TO THE SO CALLED CRISIS CREATED BY THE GLOBALISTS  A PHILOSOPHICAL ECONOMIC ANALYSIS

A NEED FOR AN EVOLUTION INTO ANOTHER PERSPECTIVE :MORE HUMAN AND STELLAR  THE MACRO-ECONOMY APPROACH

THE U.S.A. DEBT,IS THE MAIN REASON FOR THE CRISIS,BUT NOBODY SPEAKS ABOUT IT  THE SIMPLE ECONOMY VIEW


LETS EXAMINE SOME OF THE PARAMETERS WHICH ARE CRUCIAL FOR THE CURRENT ECONOMIC SYSTEM

A)DEBT
The elephant in the room that the world can't deal with
The reality the world won’t countenance is that debt levels are simply too great to be dealt with by conventional means. Since 2007, the total public and private debt of the big economies has increased, not decreased – by $57trn (£36.5trn), or 17 per cent of GDP. As at mid-2014, global debt was $199trn, or 286 per cent of the world’s GDP. In comparison, global debt was $142trn (269 per cent of GDP) in 2007 and $87trn (246 per cent) in 2000.
If unfunded entitlement obligations – such as pensions, healthcare and old-age care – are included, the level of indebtedness increases dramatically. A crude measure of sovereign net worth is the present value of tax revenues and government assets and investments, less debt and the present value of liabilities, such as pensions, healthcare, etc. As a percentage of GDP, this measure shows the US at minus 800 per cent, Germany minus 500 per cent, France minus 600 per cent and the UK minus 1,000 per cent. Italy is at minus 250 per cent, Spain minus 1,100 per cent, Ireland minus 1,400 per cent and Greece minus 1,600 per cent.
MORE AT   http://www.independent.co.uk/news/business/comment/debt-the-elephant-in-the-room-that-the-world-cant-deal-with-10432046.html
B)Global Financial Stability Report
A Report by the Monetary and Capital Markets Department on Market Developments and Issues

Last Updated Tuesday September 29 2015
The Global Financial Stability Report provides an assessment of the global financial system and markets, and addresses emerging market financing in a global context. It focuses on current market conditions, highlighting systemic issues that could pose a risk to financial stability and sustained market access by emerging market borrowers. The Report draws out the financial ramifications of economic imbalances highlighted by the IMF'sWorld Economic Outlook. It contains, as special features, analytical chapters or essays on structural or systemic issues relevant to international financial stability.


C)PRECIOUS METALS 

Swiss watchdog opens precious metals pricing probe

A Swiss regulator launched an investigation into the possible manipulation of precious metals trading by a number of leading banks Monday, making it the latest global watchdog to look into the potential rigging of a major financial market.
Switzerland's competition commission, known as WEKO, has opened an investigation following an initial probe into seven banks including Deutsche Bank, UBS, Julius Baer, HSBC, Barclays, Morgan Stanley and Mitsui.


D)UNEMPLOYMENT
Main obstacles seem to be conflict, uprisings, wars, natural disaster and climate change, all of which seem to be increasing and contribute to extreme poverty... How can governments better anticipate or manage such very difficult occurrences, so as to minimize their impact on poverty levels? Agree with author that within-country inequality should not be underestimated, especially when in most poor countries, 70% of the population lives below the poverty line. Relying on growth has not thus far and will probably never help alleviate extreme poverty...cash to the very poor might be the only way to help them lift themselves out of poverty (governments willing...).

E)HOUSING AND MANUFACTURING

WE ARE CLOSING WITH THE WORDS OF PROF.RICHARD HYMAN THAT:
EUROPEAN UNION  NOWADAYS ,IS A MULTINATIONAL CORPORATION,
                                        
                                         RUN BY CENTRAL DIRECTION,
                                         UNDER FINANCIAL PERFORMANCE INDICATORS,
                                         WITH PUNITIVE SANCTIONS. 
  
THANKS ALL FOR YOUR SUPPORT



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