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Saturday, February 13, 2010

Eurozone in February 2010 - Part 1: Who is Martin Wolf

The financial crisis of 2009 is morphing into the fiscal anxieties of 2010. This is particularly true inside the eurozone. Spreads between rates of interest on Greek bonds and German bunds touched 3.86 percentage points in late January (see chart). The risk has emerged of a self-fulfilling confidence crisis that would have dire consequences for other vulnerable members. Much attention has focused on what might happen if the crisis were not resolved, with talk of bail-outs, defaults or even exits from the euro. But what would need to be done to resolve the crisis, without such a calamity? It is the demand, stupid.
http://www.ft.com/cms/s/0/3...


WIKI:  Martin Wolf (born 1946) is a British journalist. He is associate editor and chief economics commentator at the Financial Times. He was awarded the CBE (Commander of the British Empire) in 2000.
He left Nuffield College, Oxford University with a master of philosophy degree in economics in 1971 to join the World Bank's young professionals programme, becoming a senior economist in 1974. He left the World Bank in 1981, to become Director of Studies at the Trade Policy Research Centre, in London. He joined the Financial Times in 1987; he has been associate editor since 1990 and chief economics commentator since 1996.
He was joint winner of the Wincott Foundation senior prize for excellence in financial journalism in both 1989 and 1997. He won the RTZ David Watt memorial prize in 1994. He is visiting fellow of Nuffield College, Oxford, a special professor at the University of Nottingham and an honorary fellow of the Oxford Institute for Economic Policy.
He has been a forum fellow at the annual meeting of the World Economic Forum in Davos since 1999. He was awarded an honorary degree - DSc (Econ) - of the University of London by the London School of Economics in December 2006. He is a regular participant in the annual Bilderberg meetings of politicians and bankers.

Martin Wolf's books show an interesting evolving thought process.  Globalization did not work.  It is time to decentralize power by defunding them ...decentralize money, banks, and administrative law.  Who was right?  Who has had steadfast understanding?  Try Ludwig von Mises, Murray Rothbard and Ron Paul.





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Look up the laws of economic liberty

Liberty's Dictator, our triune God, tells us His law word needs to be established in every area of life. Economics is one of those areas. The world economy today is doomed because it's two classes, the hosts and the parasites, are morally and religiously corrupt. Instead of being a participant of that fiat law order of economic private property destruction (sooner or later); recognize, learn, and establish the law that is regenerating (to name a few):
  1. Not to steal money stealthily Lev. 19:11
  2. The court must implement punitive measures against the thief Ex. 21:37
  3. Each individual must ensure that his scales and weights are accurate Lev. 19:36
  4. Not to commit injustice with scales and weights Lev. 19:35
  5. Not to possess inaccurate scales and weights even if they are not for use Deut. 25:13
  6. Not to move a boundary marker to steal someone's property Deut. 19:14
  7. Not to kidnap Ex. 20:13
  8. Not to rob openly Lev. 19:13
  9. Not to withhold wages or fail to repay a debt Lev. 19:13
  10. Not to covet and scheme to acquire another's possession Ex. 20:14
  11. Not to desire another's possession Deut. 5:18
  12. Return the robbed object or its value Lev. 5:23
  13. The court must implement laws against the one who assaults another or damages another's property Ex. 21:18
  14. Not to murder Ex. 20:12
  15. Not to accept monetary restitution to atone for the murderer Num. 35:31
  16. The court must send the accidental murderer to a city of refuge Num. 35:25
  17. Not to accept monetary restitution instead of being sent to a city of refuge Num. 35:32
  18. Not to leave others distraught with their burdens (but to help either load or unload) Deut. 22:4
  19. Conduct sales according to biblical law Lev. 25:14
  20. Not to overcharge or underpay for an article Lev. 25:14
  21. Not to insult or harm anybody with words Lev. 25:17
  22. Not to cheat a convert monetarily Ex. 22:20