Henüz çoğunluk farkında olmasa da USD'nin rezerv para birimi (RPB) niteliğini kaybetme sürecine tanıklık ediyoruz. Mevcut "Great-er Deppression" malesef, "RPB sorunu" çözülmeden bitemeyecektir!
RPB'deki değişim ihtiyacına dair gözden kaçan (ya da hakim medyada yer bulamayan) tespitlere ve global dengesizliklerin köklü çözümü olan TEK PARA kavramına ilişkin okuma notları (ya da doların tabutuna her gün çakılan çiviler) bu blogda derlenecektir.
Bugün okuduğum bi makale, "toplam kamu borcu kavramını" yeniden düşünmeye sevketti.
Kamu borcu deyince genelde DIBS portföyü anlaşılır ama oysa devletin vadesi ve miktarı belirsiz (emeklilik ve sağlık harcamaları gibi) bir sürü başka borcu da vardır.
ABD'nin mevcut nakit kamu borcu 10 trilyon dolar civarında iken, sağlık, emeklilik taahhütleri gibi kalemler de eklendiğinde Genel Kabul Gören Muhasebe Standartlarına göre hesaplanan kamu borcu 74 trilyon dolara çıkıyormuş. Acaba hangisi daha doğru?
"In 1982, federal debt-to-GDP begins rising from a generational low of 30% to a recent 50-year high of 75%. In 1986, federal debt tops $2 trillion In 1992, federal debt tops $4 trillion In 1996, federal debt tops $5 trillion In 2008, federal debt tops $10 trillion
But the actual federal debt is even higher than $10 trillion…a lot higher. The $10 trillion number is based on cash accounting.
When using GAAP-based accrual accounting, that actual federal debt is a number closer to $74 trillion. GAAP accounting includes the estimated future costs of expenses like Social Security and Medicare. In other words, GAAP accounting is much closer to reality than cash accounting."
Sunday links: a post-reality mindset
-
Markets
- Another sign of investor optimism. (bsky.app)
- Palantir ($PLTR) stock is having a year. (sherwood.news)
- The market is recalibrating...
10 Sunday Reads
-
Avert your eyes! My Sunday morning look at incompetency, corruption and
policy failures: • How the Ivy League Broke America: The meritocracy isn’t
workin...
Musk & Ramaswamy's Cost-Cutting Aims Are Right
-
Quin Hillyer, Washington Examiner
If, and only if, Elon Musk and Vivek Ramaswamy go about their job in the
right way, their task of radically downsizing go...
Jack Ryan Is the Ultimate Choice for HUD Secretary
-
Jack Ryan is passionate about expanding access to housing. Ryan’s passion
makes him ideal as HUD secretary for the incoming Trump administration. To
which ...
A Culture Warrior to MMGA
-
Trump’s cabinet nominees are provocative, to say the least. There has to be
some stratagem behind Gaetz in particular, because it is facially hard to
under...
Issues Associated with the Current Election
-
Picture Credit: derek visser (modified to exclude extraneous comments) ||
Trump and Harris are more similar than different. Both favor the rich, they
lie, ...
Three Stocks: Walmart, Palantir, and Salesforce
-
Saleforce.com Northland Capital upgraded shares of Salesforce.com (CRM)
Wednesday morning moving the stock to its best levels since mid-May.
Northland Ca...
Japan should board the Indomalphi ship
-
The inclusion of Japan as a capacity-building partner can elevate
Indomalphi’s effectiveness in safeguarding Indo-Pacific waters and ensuring
regional secu...
Diffusion Innovation Theory and Market Profile
-
The Diffusion of Innovation Theory and Market Profile are two powerful
frameworks that, when combined, can provide traders with deeper insights
into mark...
Morning News: September 4, 2024
-
Oil Prices Fall Below $70 a Barrel. OPEC+ and Libya Expected to Increase
Output Climate Losses Batter Insurers While Reinsurers Step Back Japan’s
Era of […]
Settling Up
-
This is the final weekly edition of Economic Principals. A new monthly
version will commence Sunday June 2, and thereafter arrive on the first
Sunday of ...
This is the end
-
Ladies and gentlemen, this is the final post I will be publishing at The
Reformed Broker....
The post This is the end appeared first on The Reformed Brok...
Bonds And Money
-
The US bond market is getting hammered lately as investors and traders
realize that (a) the economy is not collapsing and (b) the Fed will keep
rates hig...
Ruin-Nation
-
*Like this post? Consider subscribing to my Substack for additional
insights and content today!*
“There is a great deal of ruin in a nation” - Adam Smit...
Some Links
-
(Don Boudreaux) TweetWriting in the Wall Street Journal, NYU physicist
Steven Koonin reports on how the Biden White House inadvertently told the
truth abou...
Understanding the Modern Monetary System – Updated!
-
It’s been over 10 years since I published Understanding the Modern Monetary
System, one of the most widely read papers in the SSRN research database. I
pub...
A Few Quick Announcements
-
By James As I wrote a couple of years ago, I don’t post here anymore. I
just have a couple of updates for people who subscribe and may be
interested in my ...
Freakonomics Radio Network’s 2022 Staff Picks
-
To celebrate a wonderful year of production on all of the shows in our
network, we asked our staff to choose their favorite episode of the year.
Lyric Bo...
Knowledge Problem archive 2002-2020
-
This is the archive of the Knowledge Problem blog, all 4,690 posts. The
search function will help you locate posts on the various topics Mike and I
wrote a...
EVs are NOT better than ICEVs in every way!
-
A friend of mine just got banned from the Energy Discussion Forum on
Farcebook by the group's willfully ignorant FASCIST admin G██ C██████. My
friend's egr...
Emmanuel Macron et la Question Sociale
-
Il convient de rectifier l’erreur de de Gaulle et de remplacer le principe
des retraites par répartition par celui des retraites par capitalisation.
Or, Ma...
US stocks surge, consumer prices jump
-
Markets were mixed on Friday.
The S&P 500 surged 2.4 percent and the Nikkei 225 jumped 2.1 percent but
the STOXX Europe 600 fell 1.0 percent.
Investors in...
Meilleur IPTV Service
-
Notre IPTV bietet eine Reihe von Paketen, um sicherzustellen, dass Sie die
Inhalte erhalten, die Ihrem Budget entsprechen. Im Gegensatz zu anderen
Anbiet...
Kırık cam testi için tıklayın
-
Geçenlerde sordum CİMER’e;
*COVID-19 hastalığına karşı kullanılan Biontech aşısı için ulusal
makamlarca verilmiş ruhsatı var mıdır? *diye...
Gelen cevap;...
Good Chart Checklist
-
Note: this was prepared for my ECON 3403 students, and is a list of all of
the mistakes I commonly see in student charts. Please add your suggestions
for t...
Behavioral Finance: Knowledge vs Wisdom
-
With so much uncertainty in the markets, now is a good time for investors
to reflect on a few good lessons in behavioral finance, along with some
universal...
IEA World Congress 2021
-
A few words on the International Economics’ Association online World
Congress, July 2-6, on the theme “Equity, Sustainability and Prosperity in
a Fractured...
Flash Commentary No, 1460b
-
• Fundamentals Could Not Be Stronger for Gold and Silver, nor Weaker for
the U.S. Dollar and Stocks, Despite Fed or Market Nonsense to the Contrary
• There...
"Magno Arms" What Does It Indicate? Nothing Good
-
*UPDATE *
As an affiliate of Elliott Wave International I'll be promoting the
following all week:
EWI has given me the OK to share Bob Prechter's April ...
Banks The Next Shoe to Drop
-
👉Bank Run Alert -- Banks The Next Shoe to Drop
https://youtu.be/-5r5ti8X-7Y Mass unemployment. Mounting bankruptcies. And
fears of negative interest rates...
If You're Not the Hunter, Are You the Hunted?
-
I’ve always had a morbid fascination with systemic faults and those that
game them. LOR and portfolio insurance. BARRA risk models. Valeant/Shkreli
in phar...
Trading: Opportunities Are Dispersed
-
Opportunities are dispersed. You might have an... *READ THE REST OF THE
ARTICLE ON THE NEW WEBSITE: JIM ROGERS TALKS MARKETS *
*Jim Rogers is a legendary i...
A brief note on the blog and on COVID-19
-
The subject of COVID-19, a virus that burst forth from its rom obscurity in
(most likely) one population or another of wild mammals in China to become
a gl...
I am still alive
-
I logged in for the first time in years. I am surprised by the sustained
traffic this blog is still getting after all those years, and this tempts
me to pi...
The Covid-19 Dominoes Fall: The World Is Insolvent
-
To understand why the financial dominoes toppled by the Covid-19 pandemic
lead to global insolvency, let’s start with a household example. The point
of thi...
Do Higher Wages Mean Higher Standards of Living?
-
Editor's note: We have updated macroblog's location on our website,
although archival posts will remain at their original location. Readers who
use RSS sho...
New! Finance Trends now at FinanceTrendsLetter.com
-
Update for our readers: Finance Trends has a new URL!
Please bookmark our new web address at *Financetrendsletter.com*
Readers sticking with RSS updates...
Hypnotic States of Hibernia
-
Have you ever been to a hypnotist? Usually at the beginning of the show,
the hypnotist finds out who in the audience is most easily hypnotised by,
say, get...
Oil Fall
-
The Oil Fall series has now completed with the publication of the final
installment, Waste Crash. The single title, Oil Fall, which bundles up each
section...
How to Believe in Free Speech
-
Almost all libertarians earnestly say, "I believe in free speech."
Normally, though, this goes way beyond the right to speak freely. Most
libertarians al...
Live tweeting the Friday Night Dump
-
We are now offering a subset of our Pro data via Twitter. Find out more by
clicking here: https://premosocial.com/footnotedFND
Adjust contrast of a pdf free
-
Closer to the eye of the shooter, this is because Preview is quite
literally applying a filter to each individual page of the PDF you are
saving. the proce...
Weekly Sector Report | 09/17/2017
-
Summary
The total market $DWCF advanced 1.66% this past week. We'll look at the
relative performance of sectors driving this change.
- Oil and Gas (+3.7...
Save pdf smaller size mac online
-
High image quality, bring your ideas to life save pdf smaller size mac
online beautiful presentations. and instantly got the shrunken file!
Although the de...
Save pdf smaller size mac online
-
High image quality, bring your ideas to life save pdf smaller size mac
online beautiful presentations. and instantly got the shrunken file!
Although the de...
The Harsh Truth About India’s Godmen
-
Late last month, two Indian states and the national capital were upended by
rioting mobs protesting their spiritual leader’s conviction on two counts
of ...
VelocityShares Adds Libor ETNs To Lineup
-
Today Janus Henderson is rolling out a pair of ETNs carrying the
VelocityShares brand that offer long and short exposure to the composite
forward Libor r...
The US Treasury’s missed opportunity
-
The US Treasury recently published the first in a series of reports
designed to implement the seven core principles for regulating the US
financial system ...
Three Cheers For Financial Literacy
-
This blog post was also posted on *Forbes* and can be found here.
Since 2000, the Programme for International Student Assessment (PISA)
coordinated by the ...
Legislative Concerns About Trump’s Budget
-
The federal government’s financial problems are so large that all parts of
the budget -- from entitlements to defense spending to tax breaks -- should
be...
Speed daters make matches like economists
-
NPR's Planet Money reports on the design of the market for freshly-minted
PhDs in economics. The market hasn't changed since I went on the market in
1979. ...
PBoC Spins China’s Bad-Loan Data
-
In a recent speech at Bloomberg’s headquarters in New York, People’s Bank
of China Deputy Governor Yi Gang reassured his...
Notes for Saturday – April 08, 2017
-
April 8th is the birthday of the late Ian Smith, Prime Minister of
Rhodesia, (born 1919, died November 20, 2007). o o o SafeCastle is offering
a free membe...
The Market Ticker - The Pattern of The Market
-
*Looks awfully similar to 2008.*
*Rotation back and forth, with most of the gains coming in a handful of big
names with big stories -- but no earnings to...
Update: A Tax Compromise Offered in Illinois
-
Earlier this month I highlighted a potential tax compromise brewing in
Illinois. State senate Republicans and Democrats released a proposal to
increase I...
Markets & Trump
-
Brouwer & Janachowski November 9, 2016 This Week: Markets settling down.
Probably less disruption than the headlines imply. As we write in the
morning se...
Bank of England Speeds Through Bond Buys
-
Two weeks after buying its first corporate bond, the Bank of England has
already spent over 10% of the funds allocated to its 18 month asset-buying
program.
Wisconsin in Last Place for Start-up Activity
-
The Kauffman Foundation has just released its report on startup activity.
Wisconsin comes in last place in startup density. Figure 1: Source:
Kauffman Foun...
The End of the Chinese Miracle (FT)
-
According to the FT, China's economic miracle is under threat from a
slowing economy and a dwindling labour force.
Apologies for the long absence in...
Cheap Verizon Wireless Cell Phones
-
DROID XYBOARD 10.1” BY MOTOROLA 16GB
Introducing the DROID XYBOARD, a home theater, compressed to fit in your
hands. Packing an HD screen into an 8" tablet...
Historic Chart of the Day
-
Based on today's Census Bureau report on April retail sales, consumer
spending at "*Food Services and Drinking Places*" (restaurants and bars,
see red li...
herbal untuk jantung dan darah tinggi yang ampuh
-
Apakah Anda tahu bahwa madu mampu memberikan M segala macam manfaat bagi kesehatan
manusia? Madu diakui mengingat bahwa zaman kuno sebagai obat, dan penggun...
The investment performance of REITs
-
This graph shows the investment performance of real estate investment
trusts over the past decade. As you can see, they plunged during the
housing crash, b...
Kenneth Arrow on Markets
-
Here is an excerpt from an interview with Kenneth Arrow, one of the most
prominent economists, available from the Federal Reserve Bank of
Minneapolis: Regi...
The Oil Drum writers: Where are they now?
-
- Nate Hagens is at The Monkey Trap
- JoulesBurn (Brian Maschhoff) is at Picojoule
- Euan Mearns is at Energy Matters
- Heading Out (Dave...
Do We Really Care About the Data?
-
Despite growing contributions of women entrepreneurs to the U.S. economy,
women still face barriers, according to Kauffman Vice President of
Innovation a...
Twitter Digest: 2013-06-09
-
Given that I block NSA & PRISM tweets, was entertaining tuning into twitter
& trying to figure why everyone was on about Lord Snowdon -> Turned on GoT
toni...
Exploring Python
-
GHL has written two very nice Python-related posts. The first is for
highly-technical readers who want to use the new Blaze package ("NumPy
2.0") so badly ...
The right enemy
-
I've been getting a lot of enthusiastic feedback from people who agree with
the premise of a recent article of mine (link here) -- specifically, that
the c...
Moved Over
-
I’ve been blogging away over at my new blog at Next New Deal, come join me
over there! Here’s the new rss feed. I might post here once in a great
while, m...
calculated risk calls a bottom
-
with some qualifications, but a bottom call nevertheless. this is not to be
taken lightly. bill is the best working commentator on US housing markets,
and ...
We've Moved!
-
If you're reading this, it means you've been following the
http://georgewashington2.blogspot.com address. We switched over to
WordPress, and from now on...
The Indian Outsourcer to Watch is Based in Teaneck
-
*(This post originally referred incorrectly to HCL Technology. The correct
name is HCL Technologies.)*
Indian outsourcers are getting ready for more growt...
We’ve moved to www.nudges.org. Come with us.
-
Nudges.wordpress.com has been a great home for the Nudge blog over the past
year and a half, but it’s time to move on. Where to? www.nudges.org. That’s
rig...
Economic Growth And Climate Change — No Way Out?
-
If you're squeezed for information, that's when you've got to play it dumb
You just say you're out there waiting for the miracle, for the miracle to
come —...
Monopoly Game Has A New Look
-
[image: MonopolyCityPkg.JPG]
I suspect many a real estate mogul got their start playing the board game
classic Monopoly. It has a new look this year. Thi...
Risk Of Providing Continual Aid To Banks
-
With the current debate raging over the best way to apply the remaining TARP
fund, there is a tremendous risk that we would not be saving the banks from
th...
2009 Amero Coin is Out
-
The new 2009 Amero Coin designed by Daniel Carr is now available for
purchase. Carr is the original creator of the Amero Coin and previous years
editions h...
An "un-orthodox" economist with PhD, who studied political science and finance, currently employed in financial sector. Some may describe him as perma-bear but he prefers the term "cycle-caller"
Hiç yorum yok:
Yorum Gönder