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UsernameSlightly Optimistic
Joined04 Feb '06  18:48
First Post04 Feb '06  20:22
Last Post28 Sep '16  11:28
Total Posts9264
Total Recommendations669

Last 10 posts

28 Sep '16  11:28
British Political Economy
British-Irish Council?

Gaining momentum. For example mentioned this month in the House of Lords.
Brexit: Scotland - Question
27 Sep '16  19:36
Financial Markets, Subprime, & The Credit Crunch
"BP and Yukos is an interesting comparison"

Postings in International Trade forum.
23 Sep '16  16:55
General Chat
What form of governance of global finance did you have in mind, little c, that dispenses with the G20? Assuming that global finance is to continue - but in a regulated form.
23 Sep '16  16:15
British Political Economy
Brexit, the role of Europe and the British-Irish Council.

Interview with the Irish Foreign Minister Charles Flanagan:
23 Sep '16  13:04
General Chat
You want something more substantial than the G20, little c, the grouping the US turned to in order to save the West after the financial crisis in 2008?

Incidentally, see the Finance and Investment forum. Especially the bit about huge arms sales to many aggrieved nations.
23 Sep '16  12:05
Finance and Investment
We should prepare for inflation - big time. Inflation in US has gone from zero to 2%. The chair of the Federal Reserve now says inflation must be higher. It should be at 2.5%. Maybe even aim for 4%; emerging markets are terrified because of the consequences for their domestic stability.

There are a number of ways for governments in the West to try to escape their huge and unpayable debt burdens [especially in US], a recent public lecture tells us. One is to tax citizens well over 100 percent of their income; two is to tell creditors the debt won't be paid [see international Trade forum 16 Aug '16 14:17]; three is agreement with lenders on debt restructuring; four is austerity whereby government breaks its social contract with citizens and reneges on promises to provide public services such as health, education, pensions; five is inflation whereby currency is cheapened and imports [especially food] become hugely expensive. Incidentally the price/availability of food has been the catalyst for many a war as emerging countries know.

Inflation is said to be the most favoured choice by governments, and least likely to cause demonstrations in the short term. It was explained that this was how the US paid for the American Revolution, how the civil war was paid for, and how the Vietnam war and great society was paid for [this involved the Nixon shock of destroying discipline in global finance].

The rest of the world has a voice too? Apparently arms sales there are huge.
22 Sep '16  22:31
General Chat
The G20 and the Independent Commission on Multilateralism are more authoritative than most, little c?
22 Sep '16  17:45
General Chat
Opinions from Yeats.
22 Sep '16  15:43
General Chat
Unbridled? Yes, little c, constraints are being removed if they were ever really there.

See for example the Financial Markets forum on a crucial area where the absence of checks and balances on national finance can cause disaster in global finance.
Unfortunately the [*accounting and auditing] profession remains a prisoner of national politics, Thoughtful. Hence limits on what it can and can't do, leading to the financial crisis in 2008. It has difficulty performing an international role, as no doubt the governor of the Bank of England finds as chairman of the G20's Financial Stability Board.

The ICM's main conclusion is that nation states should officially commit to multilateralism.

Pulling Together: The Multilateral System and Its Future
22 Sep '16  13:22
General Chat
Such is unbridled geopolitics.

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