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Keynesian: Hurricane Sandy Good for Economy
 

Keynesian: Hurricane Sandy Good for Economy

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Disasters can give the ailing construction sector a boost, and unleash smart reinvestment ...

Disasters can give the ailing construction sector a boost, and unleash smart reinvestment
that actually improves stricken areas and the lives of those that survive intact. Ultimately,
Americans, as they always seem to do, will emerge stronger in the wake of disaster and
rebuild better-making a brighter future in the face of tragedy.

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    Keynesian: Hurricane Sandy Good for Economy Keynesian: Hurricane Sandy Good for Economy Document Transcript

    • Keynesian: Hurricane Sandy Good forEconomyKurt NimmoInfowars.comOctober 30, 2012Did you know Hurricane Sandy is a good thing?That according to “macroeconomist” Peter Morici, who writes today: Disasters can give the ailing construction sector a boost, and unleash smart reinvestment that actually improves stricken areas and the lives of those that survive intact. Ultimately, Americans, as they always seem to do, will emerge stronger in the wake of disaster and rebuild better-making a brighter future in the face of tragedy.$35 to $45 billion in financial loss from the freak storm “will unleash at least $15-$20 billion in newdirect private spending” for an economy “still struggling to overcome the Great Recession.”Keynesian economists invariably ignore, avoid or are incapable of understanding why we are in a“Great Recession” (actually turning out to be the Greatest Depression). Fiat money arrangements createasset bubbles which inflate and in turn deflate and cause recessions and depressions.“Moving toward honest money—and away from discretionary government fiat money—is essential forfuture prosperity and freedom. Postponing real reform will only delay the day of reckoning,” warnsJerry L. Jordan, a former President of the Federal Reserve Bank of Cleveland.Instead of honest money and free markets, we should instead wait around for the next hurricane. Maybeit will wash prosperity ashore and deliver us from the disaster banksters and Keynesians have created.
    • Explosive traces ‘found on crashed Polishpresidential jet’dailymail.co.ukOctober 30, 201295 died along with President Lech Kaczynsk when plane crashed near Smolensk Investigators saytraces may have come from unexploded WWII bombs in the areaPolish investigators have found traces of explosives on the wreckage of a government jet that crashedin Russia two years ago, killing Polands president and 95 others, Polish media claimed today.Polands Rzeczpospolita newspaper said prosecutors and explosive experts who examined the remainsof the plane in Russia found signs of TNT and nitroglycerin on the wings and in the cabin, including on30 seats.Traces of explosives were also found in the area where the Tu-154 crashed during its approach to asmall airport near the Russian city of Smolensk on April 10, 2010, the daily reported.Polands military prosecutors office plans to respond to the report later on Tuesday, its spokesman said.Russian investigators had blamed the Polish crew for trying to land in heavy fog, while their Polishcounterparts also said the airport controllers should not have allowed the plane to attempt an approach.Some rightist groups in Poland, including main opposition party Law and Justice, had rejected thefindings and suggested the crash could have been an assassination of President Lech Kaczynski andpolitical and military leaders who flew with him.In their official reports, investigators said they found no proof of the involvement of third parties.
    • The investigators have not ruled out the possibility that the traces of explosives come from unexplodedbombs dating back to World War Two that could have remained in the area where the aircraft camedown, the newspaper said.The crash has been a source of much controversy since, with prosecutor Mikolaj Przybyl shootinghimself in the head over the case.He had been defending a military investigation into leaks to do with the crash, in which the prosecutorsoffice illegally attempted toobtain telephone records ofjournalists who reported on thecrash.In January he was spekaing toreporters in Poznan when he toldthem to leave his office for fiveminutes.He attempted to kill himself butwas saved by a man trying to sortout cables in the room.Przybl was treated in hospital forfacial injuries and said: I couldaccept the fact that my car hadbeen demolished, that my tyrehad been loosened in an attemptto kill me, that my dog had beenkilled.I also knew a bounty of (zlotys)1million had been put on my head but I couldnt accept the fact that I
    • had been accused of an illegal action.I wanted to commit suicide. I put the pistol barrel in my mouth but my hand shook because I saw thedoor handle move.A man who wanted to shift the cables saved me... the bullet hit my cheek and didnt go through myhead.In June a strange monument to remember the victims was created in Kalkow, southern Poland.It is a mock plane which has smiling images of the dead looking out of the windows, including thepresident and his wife.Bank of England director: Occupy was rightupi.comOctober 30, 2012The protesters who occupied Wall Street and parts of London and other cities were morally andintellectually right, a senior Bank of England officialsaid."Some have suggested ... that Occupys voice hasbeen loud but vague -- long on problems, short onsolutions," Andrew Haldane, a member of the centralbanks Financial Policy Committee, told an eventcalled "Socially Useful Banking," organized byOccupy Economics, an offshoot of the Occupymovement, in London Monday night.
    • "Others have argued that the fault lines in the global financial system, which chasmed during the crisis, are essentially unaltered -- that reform has failed," he said. "I wish to argue that both are wrong -- that Occupys voice has been both loud and persuasive and that policymakers have listened and are acting in ways which will close those fault lines," said Haldane, the banks executive director of financial stability. "In fact, I want to argue that we are in the early stages of a reformation of finance, a reformation which Occupy has helped stir," he said."Occupy has been successful in its efforts to popularize the problems of the global financial system forone very simple reason -- they are right," said Haldane, 45.He added that protesters who camped out in New York, London and dozens of other cities "touched amoral nerve in pointing to growing inequities in the allocation of wealth."But the nerve the movementtouched was in fact more thanjust moral, he said -- it wasintellectual, borne out by facts."For the hard-headed factssuggest that, at the heart of theglobal financial crisis, were --and are -- problems of deepand rising inequality," he said.Haldane ended with a directappeal to activists to continueputting pressure ongovernments and regulators."You have put the arguments.You have helped win thedebate. And policymakers, likeme, will need your continuingsupport in delivering thatradical change," he said. http://www.infowars.com/