Το εύδαιμον το ελεύθερον, το δ’ ελεύθερον το εύψυχον.
– Ευτυχισμένοι είναι οι ελεύθεροι και ελεύθεροι είναι οι γενναίοι. //
// Happy are the free and free are the brave.
«Ο ουρανός μας κάνει να αναζητούμε, η γη μας κάνει να αγαπάμε, ο ήλιος για να ζήσουμε το φεγγάρι για να ονειρευτούμε. Αυτή είναι η ζωή Ο ΑΝΘΡΩΠΟΣ εκπληρώνεται. Δρ. Aurel Popescu – Bălcești Το αίνιγμα της ζωής και του θανάτου
-…. έχασες το θάρρος σου….;Γιατί ;…Αφού μυρίζει Ανάσταση!«Τι έχεις;», σε ρωτώ. -«Δεν είμαι καλά, πνίγομαι, απελπίστηκα», μου απαντάς. -Γιατί έχασες το θαρρος σου;Άφησες την παγωνιά του χειμώνα να κυριεύσει την ψυχή σου. -Μα τόσα προβλήματα έχουν πέσει επάνω μου.Τα οικονομικά χάλια, ασθένειες πολλές, σύγχυση παντού. -Δεν μπορείς να μιλήσεις με άνθρωπο παρηγοριά πουθενά. -Όταν απελπίζεσαι, και σε πιάνει πανικός και απόγνωση, ρίξε το βλέμμα σου στο Σταυρό,αν σου σταύρωσαν την ελπίδα, μυρίζει Ανάσταση!
GreekNewsOnDemand.com comments: The Greek government of Kyriakos Mitsotakis is well-know for it’s…TYRANNY against the Greek people since it was first elected in 2019 and this is just another example of this! They are…EXPLOITING the death of this Greek policeman so that they can create more illegal, unconstitutional measures in order to…BEEF UP their…SURVEILLANCE, POLICE STATE against the Greek people!
Mitsotakis is well-known…CRIMINAL in Greece involved in multiple crimes and scandals along with his whole TREASONOUS family who have steadily been destroying Greece for years. Mitsotakis has created his own spy network in Greece that…SPYS ON BOTH CITIZENS AND POLITICAL OPPENTS AS WELL AS JOURNALISTS. The following QR code…NONSE is…NO DIFFERENT! Read now the following from FOX NEWS…
Greece implements state-issued QR code requirement to attend soccer games following officer’s death
A Greek police officer was hit by a flare and killed during a soccer fan riot in Athens last December
Fox News Flash top headlines are here. Check out what’s clicking on Foxnews.com.
Greek authorities launched a ban on paper tickets for all league soccer matches on Tuesday as part of an effort to crack down on the violence that has plagued the sport for decades.
Under new rules, fans will only be allowed into stadiums using their cellphones and displaying a government-issued QR code so they can be identified and attendance bans can be enforced.
Stadiums have been closed to spectators for two months so security measures could be overhauled following the death of a police officer who was hit by a flare during a fan riot in Athens in December.
Starting Tuesday, fans will have to buy tickets online and verify the purchase using a state-run app used to pay taxes and access online government services.
Greek police secure an entrance to Peristeri stadium during a Greek super League soccer match between Atromitos and Panathinaikos in Athens, Greece, on Dec. 17, 2023. Greek authorities on April 9, 2024, have launched a ban on paper tickets at all top flight soccer matches as part of an effort to crack down on violence that has plagued the sport for decades. (AP Photo/Yorgos Karahalis, File)
Dimitris Papastergiou, a minister for digital governance, said the full paper ticket phase out would last one month. Exceptions, he said, would be made for minors and seniors, adding that the new system would be expanded to other sporting events after the summer.
“The goal is also … to relieve the Greek police of the need to provide hundreds of policemen at stadiums. Police will not be needed at stadium entrances,” Papastergiou told state-run ERT television.
The minister said 10,000 of the current 80,000 season-ticket holders had already switched to the new electronic system.
Democrats have signed a World Economic Forum (WEF) treaty that will allow U.S. food companies to hide bugs and insects in popular foods without telling the public.
Senate Democrats in Minnesota blocked an amendment that would have required foods containing bugs to be clearly labelled on the package.
On April 4, the omnibus agriculture policy bill, also known as S.F. 4225, was passed by the Minnesota Senate. According to the bill’s author, Sen. Aric Putnam, D-St. Cloud, the “overwhelming majority” of the bill related to policy recommendations from the Minnesota Department of Agriculture.
Alphanews.org reports: Before the bill was passed, Sen. Torrey Westrom, R-Alexandria, put forward an amendment that would require food to be properly labeled if it contains either insect products or artificial “cell-cultured” food such as lab-grown meat.
Speaking to his amendment, Westrom said “this just sets forth that if there’s bugs in your food for protein, cricket flour, whatever it is, it needs to be labeled. The consumers need to know. If your meat is cell-cultured and grown in a petri dish, you also need to know. Consumers should have that knowledge as they shop in the stores.”
While Putnam agreed that “consumers should know what they are consuming,” the St. Cloud legislator opposed Westrom’s amendment. In opposing the amendment, Putnam described the issue as a “future problem” and said legislators need to know what fiscal impact the labeling requirement will have before approving it.
“Everybody wants to have consumer awareness of the food that they eat, but some of us want to do it in a thoughtful way,” he said.
Westrom has also introduced the language of the amendment as a stand-alone bill, which is co-sponsored by Putnam. Putnam’s Agriculture, Broadband, and Rural Development Committee held a hearing on that bill earlier this session.
“One thing that came from that discussion is that currently there is only one space in the entire country that is selling cell-cultivated meat and that was a restaurant in San Francisco that has already stopped doing it,” Putnam said.
Sen. Nathan Wesenberg, R-Little Falls, spoke to the importance of Westrom’s amendment, saying “it’s imperative that these labels be on foods.” The rural state senator warned that mislabeled food could cause severe consequences for those who have allergies and anaphylactic conditions.
Sen. Jim Abeler, a Republican who owns a restaurant in Anoka, called the amendment a “no-brainer.”
“Let’s tell people what’s in their food that some people don’t even consider to be food,” he said. “Just because there’s no money in the bill doesn’t mean we can’t establish a policy.”
Despite the Republican effort to pass the labeling requirements, Westrom’s amendment was ultimately defeated in a 33-34 vote. However, the Senate did adopt an amendment from Sen. Rich Draheim, R-Madison Lake, that will require the Department of Agriculture to “evaluate options for labeling requirements for cell-cultured meat” and report back to the legislature next year. Draheim’s amendment did not address insect products.
“My main concern was the lab-grown meat or the cell-grown meat,” Draheim said. “I heard in testimony from three different companies that are producing lab-grown meat. So I think it’s going to be here sooner than some think.”
Ultimately, the omnibus agriculture policy bill itself was passed by the Minnesota Senate with bipartisan support; 58 senators voting in favor, nine senators voting against. Of the nine senators who opposed the bill, eight were Republicans and one was a Democrat.
In a recent tweet, a talented financial analyst and investor stated: “The “debt is unsustainable” narrative has been around for 40 years plus. What’s astonishing to me is how the people who push this narrative never ask themselves, “Why has it been sustainable for so long?”.
There is a widespread idea that the fiscal imbalances of a world reserve currency issuer would end in an Argentina-style bankruptcy. However, the manifestation of unsustainability did not even appear as drastic in Argentina itself. Hey, Argentina continues to exist, doesn’t it?
Excessive public debt is unsustainable when it becomes a burden on productive growth and leads the economy to constantly rising taxes, weaker productivity growth, and weaker real wage growth. However, the level of unsustainable accumulation of debt may continue to rise because the state itself imposes public debt on banks’ balance sheets and the state forces the financial sector to take all its debt as the “lowest risk asset.” However, law and regulation have merely imposed and forced this construct. Rising debt bloats the government’s size in the economy and erodes its growth and productivity potential.
Many diabetic and obese people continue to eat too much unhealthy food, thinking nothing has happened so far. That does not mean their eating habits are sustainable.
Those who ignore the accumulation of public debt tend to do so under the idea that nothing has happened yet. This is a reckless way of looking at the economy, a sort of “we have not killed ourselves yet; let us accelerate” mentality.
An ever-weaker private sector, weak real wages, declining productivity growth, and the currency’s diminishing purchasing power all indicate the unsustainability of debt levels. It becomes increasingly difficult for families and small businesses to make ends meet and pay for essential goods and services, while those who already have access to debt and the public sector smile in contentment. Why? Because the accumulation of public debt is printing money artificially.
When money is created in the private sector through the financial system, there is a process of wealth creation and productive money creation. The financial system creates money for projects that yield a genuine economic return. Some fail, others soar. That is the process of productive economic growth and progress. Only when the central bank manipulates interest rates, disguises the cost of risk, and increases the money supply to monetize unproductive deficit spending can it distort this process.
Private banks in an open economy create money to accelerate progress and free-floating interest rates limit the accumulation of unproductive and dangerous risk. When the central bank wants to disguise the worsening solvency of fiscally imprudent governments, it does so by tampering with interest rates—making fiscally irresponsible governments’ borrowing cheaper—and artificially increasing the amount of currency in the system, monetizing public debt—a destructive process of money creation as opposed to the saving-investment function of banking.
When the fiscal position is unsustainable, the only way for the state to force the acceptance of its debt—newly created currency—is through coercion and repression.
A state’s debt is only an asset when the private sector values its solvency and uses it as a reserve. When the state imposes its insolvency on the economy, its bankruptcy manifests in the destruction of the purchasing power of the currency through inflation and the weakening of real wage purchasing capacity.
The state basically conducts a process of slow default on the economy through rising taxes and weakening the purchasing power of the currency, which leads to weaker growth and erosion of the middle class, the captive hostages of the currency issuer.
Of course, as the currency issuer, the state never acknowledges its imbalances and always blames inflation and weak growth on the private sector, exporters, other nations, and markets. Independent institutions must impose fiscal prudence to prevent a state from destroying the real economy. The state, through the monopoly of currency issuance and the imposition of law and regulation, will always pass on its imbalances to consumers and businesses, thinking it is for their own good.
The government deficit is not creating savings for the private economy. Savings in the real economy accept public debt as an asset when they perceive the currency issuer’s solvency to be reliable. When the government imposes it and disregards the functioning of the productive economy, positioning itself as the source of wealth, it undermines the very foundation it purports to protect: the standard of living for the average citizen.
Governments do not create reserves; their debt becomes a reserve only when the productive private sector economy within their political boundaries thrives and the public finances remain under control. The state does show its insolvency, like any issuer, in the price of the I.O.U. it distributes, i.e., in the purchasing power of the currency. Public debt is artificial currency creation because the state does not create anything; it only administers the money it collects from the same productive private sector it is choking via taxes and inflation.
The United States debt started to become unsustainable when the Federal Reserve stopped defending the currency and paying attention to monetary aggregates to implement policies designed to disguise the rising cost of indebtedness from unbridled deficit spending.
Artificial currency creation is never neutral. It disproportionately benefits the first recipient of new currency, the government, and massively hurts the last recipients, real wages and deposit savings. It is a massive transfer of wealth from the productive economy and savers to the bureaucratic administration.
More units of public debt mean weaker productive growth, higher taxes, and more inflation in the future. All three are manifestations of a slow burn default.
So, if the state can impose its fiscal imbalances on us, how do we know if the debt it issues is unsustainable? First, because of the units of GDP created, adding new units of public debt diminishes rapidly. Second, the erosion of the currency’s purchasing power persists and accelerates. Third, because productive investment and capital expenditure decline, employment may remain acceptable in the headlines, but real wages, productivity, and the ability of workers to make ends meet deteriorate rapidly.
Today’s narrative tries to tell us that nothing has happened when a lot has. The destruction of the middle class and the deterioration of the small and medium enterprise fabric in favor of a rising bureaucratic administration that consumes higher taxes but still generates more debt and deficits It does end badly. And all empires end the same way, with the assumption that nothing will happen. The currency’s acceptance as a reserve does come to an end. The persistent erosion of purchasing power and declining confidence in the legally imposed “lowest risk asset” are some of the red flags some are willing to ignore, maybe because they live off other people’s taxes or because they benefit from the destruction of the currency through asset inflation. Either way, it is profoundly anti-social and destructive, even if it is a slow detonation.
The fact that there are informed and intelligent investors who willingly ignore the red flags of weakening the middle class, declining purchasing power of the currency and deteriorating solvency and productivity shows why it is so dangerous to allow governments to maintain fiscal imprudence. The reason why government money creation is so dangerous is because the government is always happy to increase its power over citizens and blame them for the problems its policies create, presenting itself as the solution.
Can debt continue to rise? Of course. The gradual process of impoverishment and serfdom is relatively comfortable when the state can impose the use of the currency and force its debt into your pension by law and regulation.
To think that it will last forever, and nothing will happen is not just reckless “accelerate, we have not crashed yet” mentality. It is ignoring the reality of money. Independent money, gold, and similar, solve this.
Το εύδαιμον το ελεύθερον, το δ’ ελεύθερον το εύψυχον.
– Ευτυχισμένοι είναι οι ελεύθεροι και ελεύθεροι είναι οι γενναίοι. //
// Happy are the free and free are the brave.
