Burns Like A California Wildfire....
Monday, October 21, 2019
The 90 Miles Mystery Video: Nyctophilia Edition #84
Before You Click On The "Read More" Link,
Please Only Do So If You Are Over 21 Years Old.
If You are Easily Upset, Triggered Or Offended, This Is Not The Place For You.
Please Leave Silently Into The Night......
The 90 Miles Mystery Box: Episode #781
You have come across a mystery box. But what is inside?
It could be literally anything from the serene to the horrific,
from the beautiful to the repugnant,
from the mysterious to the familiar.
If you decide to open it, you could be disappointed,
you could be inspired, you could be appalled.
This is not for the faint of heart or the easily offended.
You have been warned.
Sunday, October 20, 2019
Ocasio-Cortez Says We Need More Government Control To Have More Freedom
New York Rep. Alexandria Ocasio-Cortez has given her endorsement to her Tio (Uncle) Vermont Sen. Bernie Sanders.
And not only because he is a fellow Democrat Socialist, whatever that means, but because he, like she, recognizes that illegal aliens work harder than Americans.
“I’m proud to say that the only reason I had any hope in launching a long-shot campaign for Congress is because Bernie Sanders proved that you can run a grassroots campaign in an America where we thought it was impossible,” she said.
Ocasio-Cortez: "We need an, uh, uh, a United States that really, truly, and authentically, is operated, owned, and decided by ... all people in the United States of America"— Ryan Saavedra (@RealSaavedra) October 19, 2019
AOC is essentially suggesting that property should be public property
That is a core belief of communism pic.twitter.com/maugsY7LqD
“Maybe to others, he is a brother. But he is my Tio Bernie Sanders,” she said to the cheers of the adoring crowd.
“Last year, last February, I was working as a waitress in downtown Manhattan. I worked shoulder to shoulder with undocumented workers who often worked harder and the hardest for the least amount of money,” she said.
Isn’t that nice? An American congresswoman saying that undocumented immigrants work harder than Americans.
“I didn’t have health care. I wasn’t being paid a living wage. And I didn’t think I deserved any of those things.
“Because that is the script that we tell working people here and all over this country: Your inherent worth and value as a human being is dependent on an income that another person decided to underpay us.
“But what we are here to do is to turn around the very basic lie. It wasn’t until I heard of a man by the name of Bernie Sanders that I began to question, assert, and recognize my inherent value as a human being that deserves health care, housing, education, and...
“Last year, last February, I was working as a waitress in downtown Manhattan. I worked shoulder to shoulder with undocumented workers who often worked harder and the hardest for the least amount of money,” she said.
Isn’t that nice? An American congresswoman saying that undocumented immigrants work harder than Americans.
“I didn’t have health care. I wasn’t being paid a living wage. And I didn’t think I deserved any of those things.
“Because that is the script that we tell working people here and all over this country: Your inherent worth and value as a human being is dependent on an income that another person decided to underpay us.
“But what we are here to do is to turn around the very basic lie. It wasn’t until I heard of a man by the name of Bernie Sanders that I began to question, assert, and recognize my inherent value as a human being that deserves health care, housing, education, and...
A Growth Dilemma: China on an Economic Seesaw
The decline in the Chinese economy is a natural consequence of the Chinese Communist Party (CCP)’s blind and relentless pursuit of high growth.
Gone are the days of temporary prosperity driven by exports and real estate prices. Now Beijing is trying desperately to sustain the economy by playing a dangerous seesaw game between soaring housing prices and declining consumption.
This is an unfulfilling and ineffective last resort that will fail to stop or hide the increasingly obvious deceleration of the Chinese economy.
From Growth Frenzy to Growth Dilemma
A country’s economic growth relies on three factors, often referred to as the three-horse-carriage. They are exportation, consumption, and investment. Economic growth would slow down significantly when one or two of the horses lose mobility. If all three fail, the economy can’t go far.
The Chinese economy today is just like a carriage without a horse. Due to the recent deterioration of the China-U.S. relationship, China’s exports have suffered significant losses with the August export volume down 4.3 percent compared to last year, the first decline in nearly three years. In the meantime both investment and consumption also deflated. Real estate investment growth has slowed for four consecutive months, and August manufacturing activity declined by 1.6 percent compared to a year ago. Consumer buying power has also been weakening. While Chinese authorities had to admit to the downward trend, they are unwilling to acknowledge that the past frenzy for high growth is the true cause of today’s decline.
Let’s first discuss the absurdity of China’s export gold rush. After China joined the WTO in 2001, it has relied on exports to pump up its economy. Between 2003 and 2007, China’s exports increased by 25 percent each year.
China’s foreign trade dependence (or FTD, ratio of the total amount of foreign trade of a country to its GDP) soared from 38.5 percent in 2001 to 67 percent by 2006, more than four times as high as Japan’s peak FTD towards the end of its asset price bubble era. Drunk withthe its effortless prosperity, China did not realize such export-reliant growth is not only unsustainable, but also very fragile.
Can a country maintain a 25 percent annual export growth rate for decades? Obviously not. For a very small country with low export volume, theoretically it may be possible to maintain a longer term trade surplus. But for a large country like China, with 26 percent of the world’s work force, the global market is too small for it to maintain long term export growth even if all other...
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