Monday, April 16, 2012

@7:20, 4/15/12 2

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http://www.aljazeera.com/news/americas/2012/04/201241517107911574.html
Things need to be discussed.  "Jaw - jaw is better than War - war."
Let us all remember this is a public forum.

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      http://www.nytimes.com/2012/04/16/opinion/krugman-europes-economic-suicide.html?hp

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        So the IMF is holding a meeting on rethinking macroeconomic policy (I was invited but couldn’t make the timing work.) And the Fund’s chief economist has already made it clear that he’s open to some serious revision of the prevailing paradigm.

        http://www.nytimes.com/2012/04/16/opinion/krugman-europes-economic-suicide.html?hp

        "What is the alternative? Well, in the 1930s — an era that modern Europe is starting to replicate in ever more faithful detail — the essential condition for recovery was exit from the gold standard. The equivalent move now would be exit from the euro, and restoration of national currencies. You may say that this is inconceivable, and it would indeed be a hugely disruptive event both economically and politically. But continuing on the present course, imposing ever-harsher austerity on countries that are already suffering Depression-era unemployment, is what’s truly inconceivable.
        So if European leaders really wanted to save the euro they would be looking for an alternative course. And the shape of such an alternative is actually fairly clear. The Continent needs more expansionary monetary policies, in the form of a willingness — an announced willingness — on the part of the European Central Bank to accept somewhat higher inflation; it needs more expansionary fiscal policies, in the form of budgets in Germany that offset austerity in Spain and other troubled nations around the Continent’s periphery, rather than reinforcing it. Even with such policies, the peripheral nations would face years of hard times. But at least there would be some hope of recovery.
        What we’re actually seeing, however, is complete inflexibility. In March, European leaders signed a fiscal pact that in effect locks in fiscal austerity as the response to any and all problems. Meanwhile, key officials at the central bank are making a point of emphasizing the bank’s willingness to raise rates at the slightest hint of higher inflation.
        So it’s hard to avoid a sense of despair. Rather than admit that they’ve been wrong, European leaders seem determined to drive their economy — and their society — off a cliff. And the whole world will pay the price."

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    • j. von hettlingen commented on an article:
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      I suppose it's normal that in war every party wants to present its enemies in as bad a light as possible. What do we know about that girl in the hospital, whether she was an alleged victim of the NATO airstrike or hurt in a car accident? We don't know. I would take all these contradictions with a pinch of salt. It is irrelevant whether there were civilian victims or not. Yet one can't deny the fact that these airstrikes night after night have - pschologically - a negative impact on the population. The traumatic effects they have on some people, especially the young can't be dismissed. The NATO forces are playing a dirty game. By terrorising the civilians, they hope to spark an implosion that would ultimately lead to mass revolt and the downfall of Gaddafi's regime. 

      NATO Sees Flaws in Air Campaign Against Qaddafi

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      We must let the diplomats do their jobs.
      We usually do not admit to fomenting revolution.
      That should be a war crime.
      State through the commander in chief can request the assistance of the C.I.A.  It should not become public.

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      I suppose it's normal that in war every party wants to present its enemies in as bad a light as possible. What do we know about that girl in the hospital, whether she was an alleged victim of the NATO airstrike or hurt in a car accident? We don't know. I would take all these contradictions with a pinch of salt. It is irrelevant whether there were civilian victims or not. Yet one can't deny the fact that these airstrikes night after night have - pschologically - a negative impact on the population. The traumatic effects they have on some people, especially the young can't be dismissed. The NATO forces are playing a dirty game. By terrorising the civilians, they hope to spark an implosion that would ultimately lead to mass revolt and the downfall of Gaddafi's regime. 

      NATO Sees Flaws in Air Campaign Against Qaddafi

      The findings undercut the idea that NATO could effectively carry out a more complicated campaign in Syria without relying disproportionately on the United States military.
      The US really does own the sky.  We loan it out from time to time.
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        http://www.nytimes.com/2012/04/16/opinion/krugman-europes-economic-suicide.html?hp

        "What is the alternative? Well, in the 1930s — an era that modern Europe is starting to replicate in ever more faithful detail — the essential condition for recovery was exit from the gold standard. The equivalent move now would be exit from the euro, and restoration of national currencies. You may say that this is inconceivable, and it would indeed be a hugely disruptive event both economically and politically. But continuing on the present course, imposing ever-harsher austerity on countries that are already suffering Depression-era unemployment, is what’s truly inconceivable.
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        So it’s hard to avoid a sense of despair. Rather than admit that they’ve been wrong, European leaders seem determined to drive their economy — and their society — off a cliff. And the whole world will pay the price." 

        Events are shaping in Europe.  
        I am happy to be on the outside for the moment.

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        http://www.nytimes.com/2012/04/16/opinion/krugman-europes-economic-suicide.html?hp

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        What we’re actually seeing, however, is complete inflexibility. In March, European leaders signed a fiscal pact that in effect locks in fiscal austerity as the response to any and all problems. Meanwhile, key officials at the central bank are making a point of emphasizing the bank’s willingness to raise rates at the slightest hint of higher inflation.
        So it’s hard to avoid a sense of despair. Rather than admit that they’ve been wrong, European leaders seem determined to drive their economy — and their society — off a cliff. And the whole world will pay the price." 

        Germany will play the villain.

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