Comments on: Notes From Underground: Rajoy’s Party Retains Power in Galicia

By: yra harris

yra harris — Mon, 22 Oct 2012 23:10:20 +0000

Dustin –there is a great deal to opine about in the Davies article–I amwaiting for some more feedback on the blog and will write about its implications later in the week.The YEN is definitely in play as the Nikkei hit the 200 day moving average today as the YEN actually got some traction,finally,above the 200 day—let’s hopw we begin to see the breakdown of the perfect correlation of the risk off trade

By: Dustin L.

Dustin L. — Mon, 22 Oct 2012 19:47:58 +0000

Yra- Gavyn Davies article is indeed interesting, thanks for sharing. I wonder why they would ever do this though? A central bank is more likely to get more bang for their buck by continuing to monetize and inflate the debt away. It will still harm their balance sheets but, it will be less abrupt and a slightly more “undercover” operation rather than an outright write-down of the debt. And, the governments still get their required bailouts. Plus, many central bankers maintain, at least in public, that the risks to their balance sheets are muted (Who would actually believe them? I don’t know but, gold seems to be clearly voting against them despite the day to day ups and downs.) So, would these institutions willingly sacrifice their balance sheets when they think that they can create the inflation needed to save the financial system and governments from collapse while also maintaining a sound balance sheet and when needed withdraw the liquidity with little problem? I am sceptical. Something to think about for sure though.

P.S. How about the Yen!

By: dennyboy2211

dennyboy2211 — Mon, 22 Oct 2012 16:38:44 +0000

Yra,

“Rug pull for Romney” continuation In progress.

Denny O’Brien aka FOS .. Friend of Santelli Naples, FL

Sent from my iPhone

By: yra

yra — Mon, 22 Oct 2012 13:19:22 +0000

asherz–cutting the defense budget is certainly not eviscerating the military—the U.S. has the capability to quickly move forces into battle with its present state —less hardware and silly programs that continued to be financed because they are simply in motion–silly from so many levels—if 500 billion doesn’t deo the job and that is not counting the off balance sheet intelligence expenditures then what–3% of GDP spent on defense in a non war environment is not withdrawing from the world.In the 1920′s and 1930′s the defense expenditures were down to 2%

By: asherz

asherz — Mon, 22 Oct 2012 12:38:30 +0000

In the post WW I period the western nations, exhausted after the terrible war that was to end all wars, drasticaaly reduced their armed forces. Except for Germany in the 30′s. When the policeman leaves his beat, the bad guys take over the vacuum. Our pulling away from the role of a superpower has found its new bad guys. Al Qaeda has gotten the message. Cairo and Benghazi are a warning.Wanton defense spending-no. Eviscerating our military capabilities will lead to war. It always has.

By: Tony

Tony — Mon, 22 Oct 2012 04:38:45 +0000

Cut defense 25%? It’s settled, I’m writing you in for President! I wish the guys running would bring it up. We spend 550 billion more per year than China and defense is nearly 5% of GDP. We spend over 40% of the world’s total defense budget. Staggering to say the least!
http://en.wikipedia.org/wiki/List_of_countries_by_military_expenditures

Get it in line with other countries and we will be on the road to recovery. Unfortunately, a big ‘if’ with these 2 parties.

By: yra harris

yra harris — Mon, 22 Oct 2012 03:01:20 +0000

Chuck–it should be obvious but the failure to put it forward in a very direct way tied to foreign policy is mind boggling.It appears that Romney has painted himself into a corner over this —greater energy independence begets lower defense spending—the math is easy very easy and needs to be done–for i beleive once the sacred cow of wanton defense spending is delt a blow then watch everybody rush to gore many other oxen–then let the genuine deficit cutting begin but not in a haphazrd way that will harm the fragile economy—but going forward we would be a healthier society and economy and that does not mean having a robust national defense.

By: charles reeder

charles reeder — Mon, 22 Oct 2012 02:14:36 +0000

Who do you think would be more inclined to put defense cuts on the table O’bama or Romney? This isn’t a very difficult question.

By: Notes From Underground: Rajoy’s Party Retains Power in Galicia « Jim Sinclair's Mineset

Mon, 22 Oct 2012 01:47:45 +0000

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