height of idiocy meaning
We could be – but I don’t think so. That’s why it’s the height of idiocy for pundits to talk about how patriotic it is to go out and shop. This engineered decline may well, after a certain lag time, cause a cyclical upturn – but it will only aggravate the underlying problem, guaranteeing yet a bigger bust. In fact, I place the phrase “the economy” in quotes because I don’t even accept the validity of the concept, nor that of “the GDP”; they’re both chimeras. Of course, since the dollar is by far the biggest market in the world, constituting the reserves of almost every government on the planet, the de facto currency of probably 50 countries, and the savings of hundreds of millions of people around the world, when it collapses, it will cause a financial earthquake, Magnitude 10. Learn more. It can only deplete the capital that will be needed in the future, and deepen the bottom with more bankruptcies, stealing consumption from the future. SGT Report is the corporate propaganda antidote. Against the State: An ... https://idioms.thefreedictionary.com/the+height+of. A better definition of a fever might be a period when the body’s temperature is elevated as a consequence of fighting an infection, in that it gives you some insight into the cause as well as the effect. Statistics – so often the basis of conjecture with regard to the economy – are so subject to interpretation, and so easy to take out of context, that most of the time they’re best used as fodder for cocktail party conversations. There’s a good case for staying bullish. ELL 199: Chris Pratt Gets Cancelled as Warner Bros. Inks BLM Deal, Ep. Conversely, whenever “the economy” is growing too fast, the officials are supposed to step in to “cool” it. GDP might rise, but it would add absolutely nothing to the well-being of individuals. A depression is just a really bad recession. I don’t believe we’re looking at just another cyclical downturn this time. Excess creation of credit by a central bank (e.g., the Fed). That’s why it’s the height of idiocy for pundits to talk about how patriotic it is to go out and shop. Still, as potentially wrong-headed and tendentious as the subject is, “the economy” is occasionally worth talking about simply to establish a clear point of view. One thing that – contrary to popular opinion – can help get an economy out of a recession is a large pool of savings; savings give people the money to invest in new production, as well as the money to buy that production. It’s all an embarrassing and destructive charade. In fact, the only things anybody knows about predicting – even if you gussy the concept up by calling it “forecasting” – are 1.) Giving the pioneers $500 for training when many are about to kick the bucket? Idiocity is what causes them to be idiotic. The longer the upswing of a business cycle continues, the longer and more severe the down cycle will be. In fact, I place the phrase “the economy” in quotes because I don’t even accept the validity of the concept, nor that of “the GDP”; they’re both chimeras. Rockwell Jr., Llewelly... Those things have very little to do with what recessions are all about. The effect in economies around the world will be devastating. There’s a good case for staying bullish. Conversely, whenever “the economy” is growing too fast, the officials are supposed to step in to “cool” it. Best Price: $5.02 One thing that – contrary to popular opinion – can help get an economy out of a recession is a large pool of savings; savings give people the money to invest in new production, as well as the money to buy that production. “The only element in the universe more common than hydrogen is stupidity.”. A recession, according to the conventional parlance, is a period when economic activity declines for two or more quarters. I’m not a fortune teller. A recession, according to the conventional parlance, is a period when economic activity declines for two or more quarters. For instance, an advance in the GDP doesn’t necessarily mean increased prosperity: What if the government embarked on a massive pyramid building program, an archetypical example of public works? Predict often and 2.) Buy gold stocks with speculative capital. Excess creation of credit by a central bank (e.g., the Fed). Posted by Zero Hedge | Feb 6, 2020 | Business & Economics | 0. GDP might rise, but it would add absolutely nothing to the well-being of individuals. We’re not ants or bees working for the hive. The whole world is levered on what happens in the U.S. The whole world is levered on what happens in the U.S. Never give both the time and the event. jQuery(document).ready(function($) { Furthermore, science and technology will continue advancing, people will continue working and saving, entrepreneurs will continue to create. Providing exclusive original content and interviews with some of the best known voices in the world of economics and precious metals. Box contained Sophie Allport bone china mug in a box inside a second box with loads of paper padding. It can only deplete the capital that will be needed in the future, and deepen the bottom with more bankruptcies, stealing consumption from the future. Previous article by Doug Casey: What the International Ruling Class Have Planned for You, economies around the world will be devastating, What the International Ruling Class Have Planned for You, Why the State Promotes Darwinian Evolution, Ten of Thousands of Doctors Confirm this Is a Hoax, New book gives insight into the heart and faith of Archbishop Carlo Maria Viganò, shows us his tears, New Group of Turncoat Gun Owners Being Launched To Push for Civilian Disarmament, Karabakh war expands: Turkey readies troops, Greek navy on alert, Russia could land troops,  One year after Pachamama scandal. It’s all an embarrassing and destructive charade. With all due respect: You have absolutely no idea what you’re talking about: 37. Submit a DCMA takedown request. The longer the upswing of a business cycle continues, the longer and more severe the down cycle will be. Your email address will not be published. One thing that – contrary to popular opinion – can help get an economy out of a recession is a large pool of savings; savings give people the money to invest in new production, as well as the money to buy that production. -> Click Here to Read the Original Article, Zero Hedge's mission is to widen the scope of financial, economic and political information available to the professional investing public, to skeptically examine and, where necessary, attack the flaccid institution that financial journalism has become, to liberate oppressed knowledge, to provide analysis uninhibited by political constraint and to facilitate information's unending quest for freedom.

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