Austerity – essentially saving and paying back – is probably a recipe for a In ancient Mesopotamia, debt was commonplace; individual debts. Posts about Back to Mesopotamia written by aurelius Ways Out Of The Crisis”” where The Boston Consulting Group (BCG) helped explain. In Back to Mesopotamia? a now prescient report by the Boston Consulting Group (BCG) published in September it was argued that, while.
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In spite of massive intervention by the Fed and the US government, growth remains anemic The deleveraging of private households will have to go on for many years The real estate market has not yet stabilized.
The only possible discussion focuses on how to distribute the burden of sacrifice needed in order to free up enough budgetary resources to fulfill the commitments of the mesoptoamia nation. It is simply a commodity.
Wealth Tax: Back to Mesopotamia [ paper by BCG] | Late Monsoons…
The governments who have borrowed were elected democratically, goes the reasoning, therefore their actions are legitimate. You are commenting using your Facebook account.
You are commenting using your Facebook account. Good luck, politicians and holders of financial assets, you will need it because after Denial comes Anger, and only long after does Acceptance finally arrive. Free trade for all companies, on a level playing ground. Just look at the numbers. ZEPP zero poverty policy should be the new macro target. And the supply of homes is still in excess by 1.
We should have buried him a long time ago. We will skip this part as any regular readers of Zero Hedge are all too aware of reality, and how it is masked constantly by the mainstream media and its agents in all walks of life. Austerity – essentially saving and paying back – is probably a recipe for a long, deep recession and social unrest Higher growth is unachievable because of unfavorable demographic change and an inherent lack of competitiveness in some countries Debt restructuring is out of reach because the banking sectors are not strong enough to absorb losses Financial repression holding interest rates below nominal GDP growth for many years would be difficult to implement in a low-growth and low-inflation environment Inflation will be the preferred option – in spite of the potential for social unrest and the difficult consequences for middle-class savers should it really take hold.
Poverty should be assumed only for the shortest possible period following the day after. Credit levels should not grow substantially never again. One thing is certain: And if the prospect that very soon a government near you will force you to hand over a third of your wealth, here is the rest of the terrifying analysis of what will happen to the world in order to get it back in order:. Same thing for Ebay and Pay pal. In ancient Mesopotamia, debt was commonplace; individual debts were recorded on clay tablets.
Notify me of new comments via email. By continuing to use this website, you agree to their use. To what measures might they have to resort?
I am not suggesting we have to tax more. If it does not, it has to constrict inequality and pay labour and capital adequately. The truth is far, far uglier than anything anyone in a position of power will tell you because acknowledgment would imply tto need to come up with solutions that involve more than merely extending the event horizon for a little longer.
Tax rates are too high, and total tax incomes are too high.
In putting an end to muddling through, the government might also embark on a major restructuring of the economy:. The Yogi Rock it’s easier in Mars. Be sure to have a coat at hand. We must pierce the smoke-screen of creditors and re-establish the historical truth. First, let’s recap why BCG thinks all the alternatives have been exhausted We believe that some politicians and central banks – in spite of protestations to the contrary – have been trying to solve the crisis by creating sizable inflation, largely because the alternatives are either not attractive or not feasible: How many people are busy and remain mentally healthyand contribute to wealth generation, vs mesopofamia rest, is the key issue.
We believe that some politicians and central banks — in spite of protestations to the contrary — have been trying to solve the crisis by creating sizable inflation, largely because the alternatives are either not attractive or not feasible:. In ancient Mesopotamia, debt was commonplace; individual debts were bzck on clay tablets.
We believe that some politicians and central banks bbcg in spite of protestations to the contrary – have been trying to solve the crisis by creating sizable inflation, largely because the alternatives are either not attractive or bcv feasible:.
In the cases mentioned above, proclamations of general debt cancellation were made at the initiative of rulers concerned with upholding social peace. Capital gains on paper must also be taxed. All I say is that the same income should be generated with a lower tax rate, both on material and paper gains, instead of only taxing the former.
Generalized debt cancellations have been enacted repeatedly throughout history.
Back to Mesopotamia? (The Boston Consulting Group) | PDF Flipbook
Since the publication of Stop Kicking The Can Down The Road, a number of readers have asked us what would happen if governments persisted in playing for time. No fresh debt to pay for garden variety subsidies, or run of the mill expenses. We need those great companies, but we have to induce them to split up into smaller units. They excel at that.
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Back to Mesopotamia? (The Boston Consulting Group)
Just look at the girl in the featured image; her charming eyes … and the garbage around her. Some akward questions need a fast and clear reply.
It will take time.
A correlation does not mean causality, but it is a sobering picture should Ben Bernanke and his team fail to bdg the economy. The “Muddle Through” Has Failed: