Witchdoctor has to repent. Not much, maybe just a little, but, strange and unforeseeable things happen….
Like, in Slovenia. WD has predicted that the new conservative Slovenian Govt will just, at the best,do the same things the former, center left Govt did. Since, it seemed that the current conservative Govt was backed and supportive of the same TINA, austerity, living within your means and “Moral Hazard” religious theorem.
Hmm, strange things happen and maybe people learn and change.
Due to Covid 19, Slovenia, without the money issuing capacity,which is in the hands of the alien ECB Trotter tower, with the currently low deficit ratio budget, has made a sort of Keynesian move!
It looks that the current Govt is more Keyness oriented than the so called left!
Essentially Slovenian Govt has put in place a kind of overall guarantee against the mass foreclosures and against people being driven into poverty and despair.
The Business jobs and capital guarantee, job guarantee for working people on hold, basic income for self employed,for artists, musicians , writers, and the very important guarantee for small farmers, fishermen ,clam breeders, (gnam), rise of the minimum pensions…
Essentially, the overall guarantee for persons and business to prevent the loss of manufacturing, agricultural capacities and looming foreclosures of all sectors and the consequent defaults.
There is , as it seems a capital and debt guarantee for the business , State will guarantee the debt waivers, claims, etc. State may turn its guarantee into a stake holding right through a Public bad company and sell them back after the crisis. This is also a prevention against the massive sell offs to some foreign speculators.The aim is to conserve and protect even in a kind of freeze the Slovenian value chain.
Since Slovenian stock market is fortunately nothing, this time the money goes to the people and the local business, one man bands, small medium and big, to prevent the complete depletion of the good Slovenian manufacturing and services base.
The next move, is the State comeback and affirmation in agriculture,as from now on, the pubic schools, kindergartens, factories and all who prepare meals and food for the children,working, studying population have to buy 80% of their supplies from the Slovenian farmers.
The Slovenian budget deficit which equals the private savings in the MMT facts sheet, this time goes to the broad local audience and not in the hands of the Galactic financial Oligarchy.The deficit spending in the same amount goes in the private-business and households-hands.
BUT, the Dark Sparks remain
The dark spark is the Euro. The dark spark is the debt, the impossibility to control the currency and the floating of it, the currently very low spread ratio as to german bonds but , it is still there, a 0,5,%% spread, which is a completely unnecessary usury.
The bad spark is that the Slovenian Central bank sits on 19 billion Euros of surplus and ignores its mission, since the Slo Central bank is Slovenian and not some alien body, regardless of what they peddle in the Eurotower.
The Bright Spark is that, today, the Slovenian Prime Minster has lost , finally, the imprinting.Remember Conrad Lorenz ducks? Conrad Lorentz imprinted the mind of the small ducks and they followed him everywhere, him not being a duck, ducks thinking he was the Father Goose.
Slo Prime Minister miraculously lost the German Mother Goose imprinting and signed a joint document with other 8 Eurozone States for the introduction of the European eurobonds or, ghastly name, Euro Covid19 bonds, WD warns, do not use the name European Covid bonds, it brings bad luck!The name is dangerous and we have to be superstitious, as behind the name there are many dark sparks involved.
The Calvinist “Moral hazard” core, Germany, Holland, Austria and this Finns ( with exception of Aki Kaurismaki..), violently oppose the Eurobonds from the , dear readers, well known religious cargo cult reasons of pure superiority complex egocentric and selfish reasons disguised in some mumbo jumbo protestant ethics,you can read about in the previous post.
The Slovenian press completely disregarded the fact that Slovenian Govt has urged and asked for issuing the Eurobonds with other 8 EU States. The Slovenian press is: more neoliberal and ordoliberal than the conservative govt, it is leftist scared and in denial, or has not a clue what happened.It happened that the famous axis Paris-Berlin is not there any more and that the final crack has happened. The Eurozone is changing.
The calvinist “sin, crime and punishment” German Holland Austria and Fin and comp.Religious cargo cult economy.
Well, this sin, crime and punishment squad has a huge identity problem. They got it All Wrong from the Bretton Woods agreement onward. They have, due to the calvinist cargo cult ethics economics thought, that , when the US Dollar replaced gold at the fixed exchange rate and when US Dollar became equivalent to Gold, they thought that same happened with their own currencies. They kept doing social economic business on the basis of the “AS IF” Gold Standard. This has meant a kind of Constant Austerity, living within your means, balanced budget, and only the GDP growth left some fiscal space.
But, the “sin, crime and punishment” squad have not understood that the World has entered the stage of FIAT. Fiat Money,money out of Nothing backed by the State productive capacity, geopolitical dominance, etc. The Fiat Money has only one law- inflation. If the productive capacity and the purchase power demand is ok, then inflation is nil.The Debt as a future is definitely a non problem as the Money Sovereign can postpone it indefinitely until it has the overall capacity of low inflation and full employment.The cumulating debt in The Central Bank is an asset in the CB books! It is a simple ping pong table tennis game similar to the T bills.
The “sin, crime and punishment”squad has a problem . How to explain to their citizens why for decades this Govts have deprived their citizens of a decent wage, the wages were always lower than the productivity growth. Simple, their “ Moral hazard” Oligarchy has eaten a big slice of this cake. And this was the result of the “Moral hazard”.
The Bright spark is the issuing of the Tax Credit discount bonds for the countries in the Eurozone which do not control their currency
The Dark Spark
The Dark spark comes from the Anglosphere, the Five blind eyes coalition of spies.
The anglosphere calvinist neoliberal model is exposed through the pandemic. They are essentially third world, apart from the few rich who can afford anything. Same goes for Russia. The Russian and the Anglosphere model have striking similarities concerning the public good and the complete lack of the public good. Third world similarities.
The dark Spark is the Usempire, which , as usual in last times from Nixon on without a clue, is pouring trillions into the private stock market, corporations and pouring virus on the streets, since it lacks public hospitals to cure it and the public services to prevent it.
The US Empire is making trillions of State deficit for the private- Oligarchy saving and only some peanuts for the 300 million of americans. But americans believe in the dream.There is some bright sparks there, like a few bob for the people, but the net of welfare is broken and it will not deliver.40 million on food stamps, 100 million of none or bad health insurance… apalachies voting trump and living toothless.
Update:
Dear Time Travelers, Space Time is running by faster than Witchdoctor is typing.
If the last news is true, that ECB will buy ALL Eurozone States outstanding debt come due, then the “Moral Hazard” of the cargo cult economy is reduced only to each State spread ratio! So, for.ex. All Italian , or Slovenian or French or whatever debt bonds will be bought by the ECB, only the spread, like Italy 200 base points, will be in charge of the each state. But, logically, in time, the State risk shown in spread ( a stupidity of the debt driven economy) will tend to Zero.
The foundations of the “Moral Hazard”
Logically Witchdoctor is the last person to completely strike out that always some moral hazard is involved in the society.If we do not take
The “Moral Hazard “ as the cargo cult theorem, then we can talk about it. We all know what squandering really means and there must be a mechanism enforced and in charge to prevent it, from the strict rule of law,public sector efficiency control, strict fair trade market rules of competition, accounting transparency, efficiency coefficients and sound management, all together with a type of punishment which will not kill the mechanism involved. On the contrary ,a way to make better the functioning of the society. Without the “Elected”cargo cult beneficiaries.
This link from Marco Saba is important to unveil the hidden agendas of the various cargo cults:
First, the english translation of italian word “paraculi” which is used in his english translated text: Paraculo (paraculi is plural)
“- A smartass (someone who is obnoxiously self-assured)
– A cunning opportunist individual, sly in taking advantage of the social mechanisms that govern the world without showing it. Servile and brown noser towards power.
– A Conman, someone who conducts a confidence game: who defrauds someone after winning his trust.” from the urban dictionary.com
Someone who covers his ass regarding his false agenda.
The Covid 19 false and fake statistics.
Lets start and this means shut up with this fake statistic numbers.
First, we do not know how many are infected. Second, we do not know exactly how many are asymptomatic, but positive, 30% , 70 % or what.
If one says that there are 5 times or ten times or fifteen times more positive out there than tested Positive, we get completely different numbers. Third, calculating on this unknown number the death rate is Ridiculous.
The death rate is calculated on tested positive but we know that nobody tests all the people, asymptomatic included and any, any extrapolation of tested vs all is pure bollocks.
The only thing is almost certain but only in some countries around the world and even there it is not certain , is the people in hospital in cure.to conclude from this any type of death rate is also not certain.
The Covid 19 is an illness in stages, maybe something mild, maybe something more and finally the virus for somebody enters the lungs and then the illness shows another picture. The only certain is the death rate between the Solved cases, The death rate between the cured and the dead. Even here we have the incredible difference,Italy death rate of solved cases is 40% somewhere else is 20, 10, 8, etc. Are we talking in this diverging rates about the same virus or we are, as always, talking bollocks?
Last, the States around the world lie, the tests are not uniform in all States, there is no same protocol, they make them and not make them,and they fake the deaths under: died of covid, died with covid, died with pneumonia, died because his heart stopped beating or just died and dumped.
Last, even the tests are not reliable, as the last Spain cases show.
Worldometer at least has some sense in the pure nonsense of this data.But, overall, data are fake.
Fake data do not make statistics, they make a cargo cult. The same goes with the normal flu data.
WD had a simple flu, not covid,and took antibiotics at home he had them before for any occasion when time traveling, because his lungs started whistling. He did not die of flu, did not inform the doctor and his number was missing.
Stop extrapolating bollocks.
Update to the “Moral Hazard” Italy cargo cult priests: Massimo Giannini, Radio capital and la Repubblica newspaper,
Mario Giordano, mediaset….