Tuesday, Jan 20, 2009
No conspiracy here - just political and economic facts
Market Oracle: Orwell's 2009
Great article. The US Government now spends $2.9 trillion per year, or 20% of GDP. With the proposed stimulus, government spending could breach 30% of GDP. In 1929, Government spending accounted for only 9% of GDP.
Posted by sold 2 rent 1 @ 09:48 AM (1837 views) Add Comment
16 Comments
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1. Crunchy said...
Great article. The facts tells me all I should need to know.
Some may not be aware of the fact that Orwell once worked for the BBC.
2. str 2007 said...
S2R1
Your back, we were thinking yesterday that you'd got into trouble again.
3. str 2007 said...
Sorry You're
4. drewster said...
So what? Most European countries' governments spend over 40% of GDP. What matters is how the money is spent. In Europe it goes on healthcare, decent schools, and decent pensions. The Americans spend less so they get less. Simple.
5. Crunchy said...
Bang on topic. At last!
HPC is the effect not cause.
6. bellwether said...
$2.9 trillion is far more than 20% of UK GDP
7. sold 2 rent 1 said...
drewster,
Read the whole article.
I didn't want to post anything too controversial in the header as I don't want to get banned.
It talks about psychological manipulation, figure fiddling of stats, doublethink, truth versus propaganda.
8. This comment has been removed as it was found to be in breach of our Blog Policies.
9. Finally Awake said...
Excellent article.
The truth is disturbing.
We are all slaves to the system. How can we break free of it?????
10. titaniccaptain said...
@S2R1
Click here
forgot my key.......got to repost this..........
This graph shows 11 percent is used in industry in total.....and I also saw a link that shows that 100 tonnes of gold is used every year in the industrial uses of gold.......but with the depression comming I think that jewelry should be included in the industrial use of gold and thats a massive amount so.........If jewelry makers stop making gold jewelry due to a lack of credit to buy then wont they also be dumping gold?....just a thought.....I think the debate on gold is far from over..........
11. titaniccaptain said...
ooops that should be 300 tonnes a year
12. sold 2 rent 1 said...
titaniccaptain,
In 2001, it was estimated that all the gold ever mined totaled 145,000 tonnes.
Most of this gold still exists (has not been consumed to nothing)
Mining output is 2,500 a year, which is what your graph is monitoring.
We could say a years worth of mining only adds 2-3pc to the world stock, which is very small
A collapse in gold jewelry demand may happen, but a mania for a safe haven will negate everything else.
Look at the 1980 gold mania.
Now we have China and India who will enter the mania too, when it happens.
I am expecting a price of $4,000-7,000 around April 2010.
13. titaniccaptain said...
Many thanks for that S2R1.......we need as many inputs into the gold debate as possible......I dont think anyone can say that you havent done your homework on gold infact the reverse
14. Crunchy said...
http://uk.youtube.com/watch?v=Okvztfu0-PQ
15. troy said...
s2r1 ~~~ on the one hand it's good to see your post is still here (unlike the williams post a couple of days ago) and has attracted a sizable article readership which is great.
on the other hand, 9 posts doesn't say much for the participants on HPC these days.
Forgive me for playing devil's advocate but isn't the current bailout a sign the Calleman got it back to front?
ie Power over Ethics
16. sold 2 rent 1 said...
troy,
The sixth night (Nov 2009 - Nov 2010) (resonance with the period 1972-1992) will be where we finally see ETHICS overcome POWER.
22 September 2010 - stick it in your diary - maps to Berlin wall coming down in Oct 1989