Tuesday, April 06, 2010
Causes of recessions
- Crisis theory
- Currency crisis
- Energy crisis
- Financial crisis
- Tendency of the rate of profit to fall
There are victims during economic recessions. It is almost axiomatic that when the "Burden of War" (BoW) surpasses a critical level, economic recession is unavoidable. Grab History Compendiums and you see it again and again.
There's a pretty good correlation between american external debt and what I call american BoW since USA exists.
Lack of intelligence, stupidity, mental retardation (you name it) of decision makers in politics is not only but also inability to learn with consequent repetition of errors.
Sex, drugs and violence sells, specially in USA where sex is legally regulated, drugs are forbidden and violence is approved as long as state sponsored. When I mention USA it is only because of its importance as consumers of sex, drugs and violence. The same goes with all other countries. They mimic the USA. Christians, jews and muslims basically do the same. It is our human nature.
There are victims during wars. So many wars since the seventies. Angola, Israel/Palestine, Russia/Afghanistan, China/Tibet, Kosovo, USA/Iraq I, USA/Iraq II, USA/Afghanistan and many others.
JUST SAY NO TO WAR
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