Adonis Diaries

Posts Tagged ‘public debts

Tidbits and notes posted on FB and Twitter. Part 244

Note: I take notes of books I read and comment on events and edit sentences that fit my style. I pay attention to researched documentaries and serious links I receive. The page of backlog opinions and events is long and growing like crazy, and the sections I post contains a month-old events that are worth refreshing your memory

Zappos empire started off as a dropshipper. “We didn’t carry any inventory; instead we relied on shoe manufacturers to ship products directly to our customers,” founder Tony Hsieh told the Harvard Business Review. “That system never worked very well. We didn’t have 100% accurate information about our vendors’ inventory, and because their warehouses were all over the country, delivery times weren’t predictable.”

So did Amazon empire. “Order a CD from CD Now, Music Boulevard or, and your order is electronically transmitted to Woodland, Calif.-based Valley Media, the country’s largest audio wholesaler, which picks, packs and ships the disc straight from the warehouse,” Forbes reported in 1998.

“Until Amazon recently began building its own book warehouses, the online booksellers sole task was to transmit orders to two of the country’s biggest book distributors, Ingram Books and Baker & Taylor, which then drop shipped to customers.”

Israel did it again in less than a week: Israel live bullets injured 1,100 Palestinians and killed 8 on the borders with Gaza.Values and human emotions have been redirected to futile events in the western culture. Western “civilization” has decided that Zionism and Israel constitute an integral parts of their culture of colonial behavior and blatant apartheid and occupation processes.

Israel is back at its genocide activities withing a week: 1,100 Palestinians injured by mostly live bullets on Gaza borders. 10 dead martyrs. And western civilization Not that concerned.

Here we go again: a car plowed through a crowd in Munster, Germany. 3 dead and 20 injured. We’ll cover this event for an entire week on all western channels. This Friday, Israeli snipers injured 1,100  with live bullets and killed 10. Any coverage of that slaughter-hood by any State?

A 2017 study by Italian consumer rights group Codacons found no less than 25% of the entire Italian adult population—or about 13 million people—visited astrologers, fortune tellers, and the like, making an estimated 30,000 daily visits to experts who charge fees ranging from 50 to 1,000 euros.

Excellent news: Lebanon just received only $11 bn instead of expected $17 bn: the Lebanese can save interest on the expected $6 bn more.

Je compris que dans certain milieu on ne devient Ame que lorsque la rente est elevee’.

In 1748, Montesquieu in  “Of the spirit of laws” wrote: “There are a few financial specialists disseminating the concept that public debts multiply wealth and increase circulation of money and internal trade.  Facts are, the real revenues of the State, generated by the activities of industrious citizens, are transferred to idle classes.  The consequences are that we make it more difficult on the industrious citizens to produce profit and worst, extending privileges to the passive classes.”

In 1781, Jacques Necker, France minister of finance, proclaimed that “There can be no peace in Europe unless public debts are reduced to the bare minimum:  Public debts are sources for increasing the military capabilities designed for destructive activities; and then more debts are accumulated for the reconstruction phase.  A devilish cycle that is anathema to prosperity and security

If almost all States (the developed countries first of all) have incurred public debts then, who are the creditors? China economy has saved 2.5 trillion and Brazil and Turkey less than 500 billion.  All these savings cannot cover the amount of necessary public debts required by the debtor nations. Even Saudi Kingdom and the Gulf Emirates are currently borrowing money. Only the northern European countries (Norway, Sweden, Denmark, Holland) managed to maintain a Sovereign Fund. Syria was debt-free before the war in 2011.

Fact is, world finance is functioning on worthless paper money and other financial tools transmitted here and there to give the illusion that the system is functioning. Transferring trillion of dollars every day!

The militarily weaker creditor will suffer now or later; it is a matter of delayed punishment for loaning a more powerful debtor, whether voluntarily or after coercion. The same is true for militarily weaker debtors: Excuses for military intervention.

Elon Musk (SpaceX and Tesla) is a case of Not earning much to pay taxes. He is relying on heavy investment through the prodding and urging of the government and the military to investors (sort of guaranteed loan. No matter is the balance sheet, investors will Not lose money)






June 2023

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