Tuesday, January 20, 2009

No conspiracy here – just political and economic facts

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 (2787 views)
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12 thoughts on “No conspiracy here – just political and economic facts

  • 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.

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  • S2R1
    Your back, we were thinking yesterday that you’d got into trouble again.

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  • Sorry You’re

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  • 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.

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  • Bang on topic. At last!

    HPC is the effect not cause.

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  • $2.9 trillion is far more than 20% of UK GDP

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  • sold 2 rent 1 says:

    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.

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  • Finally Awake says:

    Excellent article.

    The truth is disturbing.

    We are all slaves to the system. How can we break free of it?????

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  • sold 2 rent 1 says:

    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.

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  • 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

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  • sold 2 rent 1 says:

    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

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