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Friday, 24 July 2015

LOOK OUT - Now Greece's Real Economy Crashing, Jim Rogers -"Greece Not Fixed" & More

Platinum Wealth Partner's Insights

The real engine of any economy is its small and medium-sized business sectors. They are fragile entities that can only afford 3 to 6 months of poor sales, thereupon the slide to closure or bankruptcy begins - taking millions of domestic jobs in the process that do not come back quickly, if ever.

Greece's problems will be intensified by these events, plus the serious shortfall in resource capacity per capita. Greece' s  real solution therefore is depopulation or degrowth per capita to bring its physical input and outputs relationships back into a sustainable relationship.

Old economic thinking is never going to work for Greece, and the many more Greeces in the pipeline, until policy-makers  solve the physical economic issues. That's the new reality when nations pass "peak everything" on a country to country basis hitting the slippery downward slope..

Stay tuned - there is much more to come!

Good Luck, Be Careful Out There.

Mechanic Giorgos Prasinoudis stepped out of his closed motorcycle repair shop in Athens, as a ‘For Sale’ sign was posted on the front window, on Wednesday.

Mechanic Giorgos Prasinoudis stepped out of his closed motorcycle repair shop in Athens, as a ‘For Sale’ sign was posted on the front window, on Wednesday.

On Greek streets, grim talk and empty storefronts

ATHENS — Giorgos Prasinoudis ran his motorcycle repair shop in Athens for three decades, through good times and bad. Now a ‘‘For Sale’’ sign hangs outside the window.
Empty storefronts are again a feature of Greece’s towns and cities as spending dries up in a crisis that puts Greece’s future in the euro in doubt. The tales of hardship are repeated up and down the country of nearly 11 million people.

Jim Rogers on Fox Business Discussing the Greek Debt Deal & Oil Prices

Image result for jim rogers blog

Jimmy Rogers sees little hope to solve Greece's  issues and he thus confirms and shares our views. Next year we will be back at the bargaining table with this puppy. Time to let go of Greece before it brings down the whole house of Eurozone cards, with a devastating impact on the global economy. 

Either way, we are in for a massive global credit crunch, at some point, when the Bank's start writing down this debt.

The number of disaffected Syriza lawmakers, who see the reforms as a betrayal of the anti-austerity platform that brought their party to power in January, shrunk slightly compared to last week's similar vote — from 38 to 36. But that is still roughly a quarter of all party lawmakers.
Addressing parliament before the vote, Tsipras said the reforms were a necessary price to pay to keep Greece alive after stormy talks with its creditors nearly collapsed earlier this month.

Between 2007 and 2009, when U.S. emissions plummeted by 10 percent, there were changes in how much Americans consumed, what types of products they consumed, the balance of manufacturing and service industries, and the quantity of energy used per dollar of products produced. Together, these changes account for more than three-quarters of the decrease in emissions between 1997 and 2013, with changes in the mix of fuels used to generate energy accounting for just 18 percent, Davis said.

Economy main factor in US emissions decline

Davis and his co-authors conclude that without new policies that limit CO2 emissions, it may be difficult to keep emissions down as the U.S. economy continues to recover. And in fact, U.S. CO2 emissions rose in 2013 and 2014.

To Congress and the Administration: Give Bail-UPS and Bail-DOWNS a chance. Clearly bail-outs and bail-ins have been problematic, so let’s progress in a new direction that benefits taxpayers and debtors.

Flavia Cabral, 53, a grandmother from the Bronx who works part-time in a McDonald’s for $8.75 an hour, pointed out the scars where fry baskets had seared her forearms. “At least they listened to us,” she said, referring to the panel. “We’re breathing little by little.”

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