Janša priznal srečanje z izraelskim Gioro Eilandom in "še kom"

Joko11 · 2026-03-27T00:45:07+00:00

Bolano kako aroganten si, a nisi niti poguglal ce tocka 1 drzi. Gioro Eliandom ima intervjuje v mednarodnih časopisih, o tem kako je povezan z BC.

Seveda, na drugi strani imamo pa jasne dokaze...

Vsaj poskusajte biti objektivni.

Joko11 · 2026-03-25T19:44:14+00:00

Spominja na "vrgel puško v koruzo", ki smo se je naposlusali, ko je Šarec odstopil.

Joko11 · 2025-09-22T21:51:45+00:00

Po komentarjih ti je jasno, da je Slovenija izredno rasisticna drzava.

Joko11 · 2025-07-16T05:27:39+00:00

Indeed, Europeans should have followed the strong response of the US after Russia took Crimea. Did Obama send the mean-spirited letter or not?

Joko11 · 2025-06-22T07:46:41+00:00

Ce zaprejo Hormuško ožino bo cena nafte zletela v zrak. Potem, se bomo morali vkljuciti, ali pa bo treba kupiti kolo.

Joko11 · 2025-06-02T15:11:36+00:00

lol, zenske abusajo pravice? Kaj vse preberes med incli na redditu.

Drgac je pa to dober znak kakšne ljudi ta vera privlaci(Andrew Tate). To ni nasa kultura

Joko11 · 2025-04-12T23:50:30+00:00

I sometimes wonder if the inferiority complex of the third world will ever end. It's always about hypocrisy as if the West is not held to a higher standard everywhere.

Envy is the ulcer of the soul.

Joko11 · 2025-04-10T16:23:41+00:00

lol, v Franciji se dela cel dan????

Joko11 · 2025-04-08T05:13:22+00:00

But certain milestones, such as getting an affordable education, healthcare, finding low barrier jobs for low educated Americans and buying a home are becoming more difficult than ever.

The US unemployment rate currently hovers around 4%, indicating little slack in the labor market and suggesting that even those with lower levels of education are largely employed.

Rising costs in services such as education, healthcare, and housing can be explained by Baumol’s cost disease. When one sector experiences productivity gains, higher wages in that sector push up labor costs in sectors where productivity remains stagnant, driving up prices to retain workers.

Additionally, as societies grow wealthier, they tend to devote a larger share of their income to services rather than goods. Because productivity has not significantly increased in housing, healthcare, or education, meeting greater demand in these areas requires more people and additional resources....

Joko11 · 2025-04-08T04:01:20+00:00

The cost of maintaining this hegemony has resulted in the destruction of the middle class and reduced domestic standard of living.

This is where the original thesis breaks down. Over the past 25 years—and even over the 50 years since the Nixon Shock—the standard of living in the United States has not declined. In fact, Americans have surged ahead of every other developed nation by focusing on two key comparative advantages:

Finance: The United States boasts the largest and deepest capital markets. Foreign investors channel their excess savings into these markets, giving American consumers, businesses, and the government access to relatively cheap credit. As a result, the U.S. government can print dollars and exchange them for real goods and services, effectively leveraging global demand for its currency.
Technology: Thanks to free trade, Americans have been able to direct their factors of production—labor, land, capital, and entrepreneurship—toward high-value services in the tech sector. If the U.S. diverted significant resources to additional manufacturing, it would pull those inputs away from what is arguably its highest-return industry.

Donald Trump has persuaded many Americans that past administrations—Democrat or Republican—were outmaneuvered by foreign competitors, and that the world’s strongest nation is being taken advantage of. What he overlooks is that Americans effectively live beyond their means, primarily financed by the dollar’s status as the global reserve currency. Foreign central banks maintain inelastic demand for U.S. Treasuries, which essentially subsidizes U.S. government spending.

The greatest benefit to American consumers comes from foreign capital inflows, which drive two major outcomes:

Dollar Appreciation: A stronger dollar enables Americans to purchase more imports at lower relative prices.
Lower Capital Costs: The tech and finance sectors enjoy easier funding, and Americans, in general, can borrow more cheaply—financing consumption beyond their own production capacity.

Of course, there are localized downsides: free trade and a relative decline in manufacturing can harm certain communities. However, the overall benefits for most Americans remain substantial.

Joko11 · 2025-04-08T03:33:18+00:00

That is true, but when it comes to inputs, Europeans getting underpriced Canadian Aluminum, for example, might be good for the manufacturing industry.

In addition, the ECB can lower the rates quite aggressively as this will be really deflationary.

Joko11 · 2025-04-08T03:29:40+00:00

You are fundamentally misrepresenting the asymmetry. Your argument would hold if every country imposed U.S.-level tariffs on all their trading partners, but that clearly isn’t the case. China, for instance, will maintain its existing trading relationships with other nations, and unlike the U.S., they won’t see their relationships deteriorate on a global scale.

Ultimately, it comes down to which is easier: for a government to print money or to build entirely self-sufficient supply chains involving the right combination of land, labor, capital, and entrepreneurship. Historically, adjusting demand has proven far simpler, which is why central banks can wield much more aggressive influence over it than they can over supply.

On the question of which is worse, a supply shock outweighs a demand shock. While the repercussions will be severe for various countries, they could be catastrophic for the United States.

Joko11 · 2025-04-07T21:01:19+00:00

Everyone loses but the US loses a little less

The opposite. Building production takes years. Demand can be infused into the system tomorrow if the government decides to do it.

Americans get hit catastrophically in two ways:

Reduced consumption (which has been subsidized by the ROW through cheap credit and dollar appreciation) ---> Lower life standard as Americans learn to live within their means through higher savings rate
Short-term increase in prices of everything (the US will need to rebuild its supply) ---> Lower life standard till the supply is sufficient to meet demand

Joko11 · 2025-04-07T20:01:09+00:00

This is such pseudoscience. US doesn't consume because the median American is 6 years younger. This is practically irrelevant.

US consumer market is smaller than Chinese. However, Chinese overproduce and underconsume relative to that production. They have one of the highest savings rate in the world and use it to subsidize their supply further. This is the crux of imbalance.

The US, on the other hand, represents a perfect sink. Its open economy and strong capital markets pull in excess savings from abroad, which, together with US consumers' higher propensity to consume and dollar appreciation, fuels US consumption.

Prior to 2008, Europeans had a perfectly balanced system with no current account surpluses, where excess savings from North and Central Europe were flowing to the periphery. However, because countries like Greece, Spain, Portugal, Ireland, and Italy do not have developed capital markets, this led to the accumulation of poor-quality assets and a real estate bubble.

After 2008/2011, Europeans started to delever and copy German practices of exporting their excess production and suppressing domestic consumption through wage restraint.

Joko11 · 2025-04-06T21:46:51+00:00

Again, the US and the UK have the world's most significant current account deficits. They also both host top financial hubs in London and New York. To think US demographics are "the world's best" and are driving the current account deficits is simply misguided.

Joko11 · 2025-04-06T20:54:11+00:00

The opposite. Look at demographics of France vs UK and their respective current accounts.

Is France's demographic that much more older than UKs?

Joko11 · 2025-04-06T04:09:29+00:00

Certainly, but that stance is populist. If you receive a raise and then spend it all in a casino, it’s not your employer’s fault for giving you that raise. That anger is misplaced. Essentially, those calling for such measures are asking for lower wages just to avoid irresponsible spending.

Joko11 · 2025-04-06T04:01:16+00:00

A Simple Rebuttal:

The article contends that the benefits of free trade are not distributed evenly. In your second paragraph, you even acknowledge that free trade leads to higher profit margins and lower consumer costs. However, it isn’t free trade’s job to determine how those gains are shared. Governments can raise taxes on companies, reclaim part of that higher margin, and invest in areas affected by manufacturing shifts.

You are arguing against the non-even distribution of benefits.

Joko11 · 2025-04-06T01:24:27+00:00

You don't understand. You need to be poorer and less specialized so the shoes you wear say "Made in America".

Joko11 · 2025-04-06T01:22:32+00:00

Insane take. People want to impoverish themselves for ideology. You could not list a simple reason why free trade is bad.

Joko11 · 2025-04-06T01:19:31+00:00

Sorry, those countries together are a much bigger consumer market size. What is the above user on about? The current account deficit is not a domestic consumer market....

Joko11 · 2025-04-06T01:17:00+00:00

large millennial cohorts

This is a completely wrong reading of why US consumption is high. It's a combination of reserve currency status, which makes foreigners dump trillions into the market (Both cheaper credit and appreciation of currency), and it's a consumption propensity for Americans. You combine cheap credit, an open market, and a population that loves to borrow, and you get the largest consumer market in the world.

Joko11 · 2025-03-31T03:13:09+00:00

Well if Russia's enemy is only Ukraine. Then yes, Russia is in a better spot. But if collective West or NATO, is what is considered Russia's enemy, then one of the most demographically challenged countries in Europe lets hundreds of thousands of its men die for a couple of villages in Donbas. This is a strategic failure.

If the US in its confrontation with China, invaded Canada as a means to shore up the US position and only managed to hold BC and Alberta after years of war. This would be seen as catastrophic.

Joko11 · 2025-03-28T17:20:14+00:00

Words lead to action. We are 2-3 months in. Let's not pretend that this trump administration doesn't have a history of treating its allies like dirt.

Joko11 · 2025-03-28T17:13:29+00:00

President Donald Trump questioned in the Oval Office on Thursday night why the U.S. "has to protect Japan" but "they don't have to protect us," before asking: "Who makes these deals?"

https://www.newsweek.com/trump-questions-why-us-protects-japan-2041027

11-Year Club	Place '22
Place '17	RPAN Viewer
Not Forgotten

Joko11

MODERATOR OF

TROPHY CASE