Comments for The Cynical Economist

Comment on Must Watch! Judge Napolitano: Final Word on the Last Episode of Freedom Watch by JohnBalzer

JohnBalzer — Fri, 17 Feb 2012 04:58:20 +0000

With every hour, the Judge’s rant is opening minds. It is much like the “mad as hell . . .” movie scenario. the Judge’s comments are much in alignment with the policies of the Libertarian Party. Presidential candidate and front-runner Gary Johnson, the former governor of New Mexico has openly mentioned Judge Napolitano as a possible vice-presidential running partner. It is clear that America is no longer going to tolerate business as usual. Former Obama supporters feel let down and milktoast Republican candidates offer no promise. A ticket with Judge Napolitano and Gary Johnson, a guy that climbed Mount Everest is the kind of strength Americans want to see in the election.

Comment on Daily Readings 02-10-2012 by LargoWinch

LargoWinch — Mon, 13 Feb 2012 00:50:30 +0000

RE: “Warren Buffett: Why stocks beat gold and bonds”

Buffett sold out to his masters long ago and should be put in jail with the rest: credibility 0:

http://www.itulip.com/images2/USAssetsCumulativeAnnualGainLoss2001-2011wtmk.png

http://www.itulip.com/images2/USAssetsAnnualGainLoss2001-2011wtmk.png

Keep it up TCE.

Comment on Go Greek for a Week by Jon Smith (UK based)

Jon Smith (UK based) — Thu, 29 Dec 2011 17:08:51 +0000

There are some interesting responses related to this kind of thread in “http://www.keeptalkinggreece.com/2011/11/07/channel-4-reality-show-go-greek-for-a-week-genious-or-tasteless/” that I will attempt to reply to if I can figure out how to post to their website. For example, in see a comment from “Jim the Aussie”. I should like to request that sources are used for such assertions. I assume the source for the assertion that “each BRIT owes US$150,000 as external debt, the second most after the Yanks at US$48,000 pp. Greece comes in the top 20 at….19th at US$46,000pp” comes from http://en.wikipedia.org/wiki/List_of_countries_by_external_debt this also shows UK external debt by GDP at 400% GDP at US$144,338 with Australian debt in position 12 as 95% GDP at US$52,596, with Luxemburg at 3443% GDP at US$3,696,467! For such assertions and the one from , I would hope for an attempt to explain such statistics. I note from the widepedia entry “For informational purposes several non-sovereign entities are also included in this list. Note that this list is gross debt, not net debt. For net debt, see Net international investment position.”

I see from http://www.worldsalaries.org/busdriver.shtml that Australia tops their list. Perhaps a post from someone with a more economic background could help clear that up for me and others.
Bus Driver Job Average Salary”, although I did not see Greece is not in the list. There are also different ways to measure averages of course.

As to the assertions from “mathaios” I should also like to request the sources from which he quotes. Perhaps he can explain the tax rules related to shipping businesses in Greece at the same time.

I have no affiliation with the UK Channel 4 TV station but did bother to watch the program as I am interested in economics and helping Greece with their obvious present difficulties.

Comment on Go Greek for a Week by Andreas

Andreas — Sat, 24 Dec 2011 15:02:21 +0000

A few responses:

1. http://www.youtube.com/watch?v=SfufT3mXOV4

2. http://www.youtube.com/watch?v=ovnNBzozP5s

3. http://www.antibaro.gr/node/3475

Comment on Rumors About Germany Reintroducing the Deutsche Mark by Faustus Eberle

Faustus Eberle — Sun, 11 Dec 2011 18:09:35 +0000

Faustus Eberle…

[...]Germany Reintroducing the Deutsche Mark | The Cynical Economist[...]…

Comment on Union Workers Making Body Armor Caught On Camera Smoking Weed and Drinking by admin

admin — Fri, 02 Dec 2011 02:44:44 +0000

First, welcome back Largo!
Second, the troops are someones kids,husbands, brothers, fathers, etc, that are fighting under the command of the Elite siting in their cozy offices
Third, I was mostly outraged that the pot smokers and the drunks still had jobs while their bosses said they have known about that issue

Comment on Union Workers Making Body Armor Caught On Camera Smoking Weed and Drinking by largowinch

largowinch — Fri, 02 Dec 2011 01:43:42 +0000

These fuckers at FOX should investigate the war crimes committed by NATO on a DAILY basis around the world, questioning the military-industrial complex and exposing the financial oligarchy which took over the Western World over 50 years ago.

…but wait, guys smoking pot is what they are outraged about…while raving about the “troops”.

this is a piece of shit clip for the sheeple. (no offense to you TCE).

Comment on Go Greek for a Week by Yannis

Yannis — Tue, 29 Nov 2011 00:46:52 +0000

http://www.youtube.com/watch?v=Gvgae3re58s&feature=player_embedded

Comment on Go Greek for a Week by mathaios

mathaios — Wed, 09 Nov 2011 11:40:36 +0000

GO BRITISH FOR A WEEK…..

While the ship of the Old Continent is submerged in the swamp of economic downturn, it is hypocritical and stupid to see the genteel lords of the A Class laughing at the the rogue deck. It is a sad picture of a problematic society to chuckle over the problems of another society through TV trash, making a blind eye to their own mess.

If people in Britain find it funny to “live a week like Greek”, through Channel 4′s new reality show, I’m sure no one would not want to take part in a similar TV program entitled «Go British for a week» .
So let us imagine three Greek families participating in the reality and experiencing unemployment, losing their home and diving into alcoholism for a week, offering plenty of laughter to viewers.

The first Greek family will live in British levels of poverty and their children will be amongst 600.000 children who are malnourished nowdays in the UK and have the opportunity to live as a hero of their childhood, Oliver Twist.

The second family will enter the list of victims of alcoholism that is eating away the innards of the British society and will be within the25% of adult Britons consume alcohol at levels that endanger their health.

As for the third family, the show will live the experience of living under bridges and at parks, with the company of thousands more homeless people seeking shelter even in the most unlikely parts of British cities.

The game show will be based on the hard evidence that by 2013 approximately 3.1 million children, 2.5 million parents, 4 million adults without children and 2.1 million pensioners in the the UK will be living in absolute poverty. A term used in cases where the employee’s salary falls below 60% of median income.

Yet according to a report published by the Information Centre of the British National Health Service (NHS), one in three men and one in six women consume alcohol both at risk of liver damage or occurrence of psychological problems like depression.

Finally, Britain has one of the highest rates of homelessness in Europe is estimated that 4 in 1,000 people are homeless.

«Go British for a week» and have fun …

Comment on Go Greek for a Week by Tommaso luci

Tommaso luci — Mon, 07 Nov 2011 21:22:20 +0000

Watching this tv shows reminds me of my country too, Italy. My dentist use to ask me: do you want to pay € 100.00 with the invoice or € 80.00 without ? My haunty was a policemen, she quit her job at 40 years old and she got the pension from that age. Especially in south italy it’s a common practice for someone who wants to get elected to give jobs to the people who then of course give their vote. Lots of corruption if you want to do so something you need to pay so probably your request will go through with the local political. It’s the way it is and you have to do it if you want to survive. Another example: I was entitle to get unemployment money from the government so I received for 8 months € 800 every months directly sent to my bank account. That was during the summer time when there are plenty of jobs in the tourism industry (I work in the tourism industry) and I was never contacted by the unemployment agency who should tell you when a job is available. I was so sure that nobody will contact me that during the meantime I was working for an american cruise ship company. I am not proud of what I did but the things is that every day you heard stories of corrupted politics, people stealing money everywhere that at the end you just follow the system.

Best Reagrds
Tommaso luci

Comment on Go Greek for a Week by Roberto

Roberto — Mon, 07 Nov 2011 21:18:27 +0000

“Go Greek for a week” humorously illustrated something that most of the world knows, the British seem to be an exception. The situation described in the programme is real, and obviously absurd and unsustainable, however, that is normality for most of the word, from Angola to Belarus, from Colombia to Djibouti, from Ecuador to Fiji and so on. The UK is an exception, with a few other countries such as Denmark, Norway, Sweden…
The world is corrupt, people put up with it because they have no alternative. Italy turned corruption and bureaucracy to a fine art making the Greek look like amateurs. India, Pakistan, Russia invented incredibly convoluted ways of turning corruption and complicate procedures into a masterpiece of intricacy.
It’s a centuries old system which will not be easy to eradicate, particularly because for a large majority of the world’s population that is the only way they know and they can’t even believe a fair system is possible.