The US deficits and the Euro deficits represent THE FAST TRACK for improving and shortening the time required to build the web of exchanges (stock) that assure parity in a the world economy.
Econometrically speaking, there is little substitution effect, even.
If you draw a global picture of all the support provided to nations that are not functional and whose citizen's lives are at the bottom of the barrel, you will find the capital flowing into those to supply improvements pales incomparison to the effect, world wide of our developed nation's deficits AS APPLIED ACCIDENTALLY TO IMPROVE THINGS.
Deficits are like filling an ice tray with filtered water. The water is good and it gets to every cube freezing location ultimately by over coming the barriers no matter how high they may be. tHE GLOBE BECOMES FILLED CAPITALIZATION WISE.
Africa is in contrast to the Asian island nation states.
Deficits replace the funtion of the World Bank , etc as well.
Deficits represent the capital for funding the development of the globe in a fast track manner that would not have been achievable otherwise. The stock held corporation will emerge as the structural unit and the electronic world that is preceding it will be the global "policy making" and standard of efficiency.
This will fit into the developing definition of a LONG TAIL orientation of businesses now that such efficiencies are attaining utility. Read about long tail as the books are published.
The fact that this on going process is "unkown" (see the ET commentary here), not planned for in any way, not part of current national and international policies and not supported by hardened theories is quite the usual for modern society. Check the 1985 Nobel prize as a collateral example of these four items
Worldwide, individual and family wealth (tangible and intangible) will be built through this deficit mechanism.
By the numbers, you can see several of the econometric factors (4 major categories as usual) surfacing as isolated icebergs. As time passes these will become mountains on techtonic plates of economic continents that will resemble population centers of the globe.
Deficits and electronics afford decentralization too. The two driving divisions are molecular (autos, T shirts)) and non molecular (out sourcing services) products and services.
1. Cottage industry becoming incorporated
2. Containerized freight and ports (foreign management is best)
3. machine tools and tooling for manufacturing (chip industry)
4. Declining power requirements
5. matrials design (nano tech) (replacing oil with renewable bio mass)
6. education and skills acquisition (engineering world center has shifted to Asia by a factor of 2 already)
7. stock exchanges.
8. financial centers
9. technological replacement (renewable) of extracted resourses
10. recycling.
There are downsides as well. Globalization has caused irreversable planetary damage that society will have to adapt to.
1. health quality limitations.
2. new global port system.
3. agricultural relocation.
4. weather protections.
Perhaps, adding this dimension will be helpful to those participating in the thread. Probably not since is cancels out most of the commentary. I just jotted these notes down; the people I circulate with are different than most people get to connect with.
Most of this stuff here is about 30 to 40 years old.
Econometrically speaking, there is little substitution effect, even.
If you draw a global picture of all the support provided to nations that are not functional and whose citizen's lives are at the bottom of the barrel, you will find the capital flowing into those to supply improvements pales incomparison to the effect, world wide of our developed nation's deficits AS APPLIED ACCIDENTALLY TO IMPROVE THINGS.
Deficits are like filling an ice tray with filtered water. The water is good and it gets to every cube freezing location ultimately by over coming the barriers no matter how high they may be. tHE GLOBE BECOMES FILLED CAPITALIZATION WISE.
Africa is in contrast to the Asian island nation states.
Deficits replace the funtion of the World Bank , etc as well.
Deficits represent the capital for funding the development of the globe in a fast track manner that would not have been achievable otherwise. The stock held corporation will emerge as the structural unit and the electronic world that is preceding it will be the global "policy making" and standard of efficiency.
This will fit into the developing definition of a LONG TAIL orientation of businesses now that such efficiencies are attaining utility. Read about long tail as the books are published.
The fact that this on going process is "unkown" (see the ET commentary here), not planned for in any way, not part of current national and international policies and not supported by hardened theories is quite the usual for modern society. Check the 1985 Nobel prize as a collateral example of these four items
Worldwide, individual and family wealth (tangible and intangible) will be built through this deficit mechanism.
By the numbers, you can see several of the econometric factors (4 major categories as usual) surfacing as isolated icebergs. As time passes these will become mountains on techtonic plates of economic continents that will resemble population centers of the globe.
Deficits and electronics afford decentralization too. The two driving divisions are molecular (autos, T shirts)) and non molecular (out sourcing services) products and services.
1. Cottage industry becoming incorporated
2. Containerized freight and ports (foreign management is best)
3. machine tools and tooling for manufacturing (chip industry)
4. Declining power requirements
5. matrials design (nano tech) (replacing oil with renewable bio mass)
6. education and skills acquisition (engineering world center has shifted to Asia by a factor of 2 already)
7. stock exchanges.
8. financial centers
9. technological replacement (renewable) of extracted resourses
10. recycling.
There are downsides as well. Globalization has caused irreversable planetary damage that society will have to adapt to.
1. health quality limitations.
2. new global port system.
3. agricultural relocation.
4. weather protections.
Perhaps, adding this dimension will be helpful to those participating in the thread. Probably not since is cancels out most of the commentary. I just jotted these notes down; the people I circulate with are different than most people get to connect with.
Most of this stuff here is about 30 to 40 years old.
