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most creepy chart on itulip...

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  • #16
    Re: most creepy chart on itulip...

    You are absolutely right that the Federal Reserve's ridiculous accommodative monetary policies to finance the Vietnam War and Nixon's Cold War spending is part of the reason why the U.S. started to get into economic trouble in the 1970s. But the protests from Jane Fonda and her eco-frauds in Greenpeace, the Sierra Club, Union of Concerned Scientists, among other radical groups, in the 1970s against nuclear power is the other reason why the U.S. got into economic trouble. The U.S. lost its will to produce and instead, let the tree-huggers set the agenda away from oil, gas, nuclear, hydro-electric power, and coal.

    So it's both the radical environmentalists and the inflationists at the Federal Reserve Bank who killed the economy in the U.S and in much of the world.

    And here in British Columbia, the economy is absolutely dead thanks to the inflation caused by the Bank of Canada and thanks to the eco-frauds setting the planning and policy agenda for the province. So, it's a similar story to what is going on in the U.S.

    There is some hope now with Alberta's success with its up-graded oil. Also, Bruce Power Corporation is planning to build reactors in Saskatchewan and Alberta. Ontario is 20% nuclear now. New Brunswick is expanding its nuclear power. Duke Energy Corporation down in the U.S. and in Latin America is expanding nuclear power. The U.K. is now going back to atomic energy. China is ordering more reactors. India is going nuclear. Saudi-Arabia is going nuclear...... Indeed, there is hope for the world.

    And the beautiful thing about nuclear power now is that the world can take the uranium out of atomic weapons and use that for power generation in reactors, so the dream of "atoms for peace" can now become reality.
    Last edited by Starving Steve; May 31, 2009, 07:19 PM.

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    • #17
      Re: most creepy chart on itulip...

      Originally posted by jk View Post
      try wikipedia. there's an article titled "chained dollars." although there isn't one titled "real potential gdp", there are ones which are clearly related and should suffice. once you've learned the vocabulary, go back and see what sense you can make of the graph.
      OK, since chained-dollars are just real dollars of a specific year ( hence the term chaining to that year ), why not just say "real(year)dollars" and drop the Greenspanese? That is how it was always communicated before Alan Greenspan came around.

      Your graph in real terms shows that the economy grew 400% in real terms from 1929 until 1969. How about adding to this graph the data from the more recent past?

      I would presume a 1929- 2009 graph would show the growth at a steady exponential rate until 1969 and then a peaking-out in the 1970s and a collapse in 2008 and 2009. You would be very helpful to us all if you could add the more recent data to the graph, perhaps in real (year 2000) dollars.

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      • #18
        Re: most creepy chart on itulip...

        Originally posted by FRED View Post
        To compensate, we will "wage war" on high energy costs by spending public funds on alternative energy and infrastructure.
        FRED,

        When will we hear about oil (energy) investments for the 70% you guys are still holding in Bernanke Pesos?

        I'm usually rather patient, but the suspense is killing me.

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        • #19
          Re: most creepy chart on itulip...

          Originally posted by Raz View Post
          FRED,

          When will we hear about oil (energy) investments for the 70% you guys are still holding in Bernanke Pesos?

          I'm usually rather patient, but the suspense is killing me.

          That's what I like about EJ. He's very patient. A rare quality among Americans.

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