I don’t care if Italy should remain as one nation or not.

It’s not much of a real nation anyway. The only think people have in common is their love for the football (soccer) team and Ferrari. They didn’t even have a common language until after WWII, when television became widespread.

But who do you think wants to break apart from whom, the North from the South or the South from the North?

I have nothing against farmers in Southern Italy. It’s just the idea that going back to the lira will somehow increase the productivity of those producers of tomatoes is utterly ridiculous. And yes, food prices can keep increasing to the point industrial countries will become poorer in real terms or face starvation, but that’s a long way down the road. (Not to mention that the lucrative production of tomatoe pulp in in the hands of the Mafia using romanian slaves who sometimes disappear if they happen to complain.)

But, yes, I agree, still lots of hurdles ahead for a better Europe.
Looks like Jens Weidmann (Buba) does have some explaining to do. See this link:
http://blogs.telegraph.co.uk/finance/ambroseevans-pritchard/100019387/german-money-printing/
And some counter
http://blogs.marketwatch.com/thetell/2012/08/09/is-germany’s-bundesbank-a-bond-buying-hypocrite/
But let’s keep that discussion for another time. This post on this blog starts to run over and we start to repeat ourselves.

Un says US must stop corn ethanol subs to save starving masses (and warren has said the same), but Africa is dying from obesity, maybe you are right mammoth, south italian tomato guys are finished, can’t compete with cargill and monsanto and have no more use to this planet, time to put them out to pasture.

http://www.youtube.com/watch?v=QZ8p-K7X99I&feature=share

Bernie Sanders is coming after the tax evaders/lobbyists, warrens pirate days in the carribbean are numbered. You know I realize sanders is out of paradigm when he says all he can buy is made in china stuff, but he is such a powerful and authorative speaker, he nails the decimation of our social and welfare programs though. He is the best entertainment we have on Cspan!

What a sad comment for a beautiful song:

http://www.youtube.com/watch?v=e9YSBc5iJqA

may God knows how i suffer when i r emember that i married my treasure love and get 15 years married but now seperated just bcs money , stab me every time i hear this song , beautiful but killing me softly ….

kolhgb 2 months ago

Paolo, did you say warren was helping you in any monetary way? funding you or students that help you or such? I think a big macro trend you need to worry about Paolo is warren may be flat broke in the very near future, the world is coming after him and his peer group, they are going to remove tax strategies relating to assets, trading, capital hoarding that warrens group has so far enjoyed, what is left the state will dismantle from his business enterprises (warren admits he aint making money off soap, planes, cars, or anything really), Obama will tell him he didn’t build anything and the 8 billion starving masses of the world will take everything productive he has left, and in a world where neutrinos are beamed through the earth and only MIT AI supercomputers can trade and make money on nanosecond market inefficiencies, warren just cant compete anymore as a trader, and even if he could, the state will enact policies to make sure they get any excess he is able to produce. I read where warren has 400 acres that the government wants to take and make into a national park (his neighbors are ready to donate 1600 acres – they know its pointless to fight “the state”, so eminent domain laws will take more of his capital and assets, and what is left of his puny material wealth will be sucked up by greedy corrupt judges and lawyers using every corrup crony trick in the universe to get his last dollar out of him (as warren admitted, he has lawsuits that are draining him dry), so he wont be able to fund you much longer, but his treasures in heaven are unTOUCHable!

Paolo, don’t worry though, about warren, this has all happened before, I remember reading some papers from the cato institute about warren mosler who lived back in roman days, they fled the roman empire because everything they had was taken to feed the growing empire, moslers willingly through themselves into slavery under other moslers to escape tax burdens, back then moslers moved far away into places like germany so that the roman state couldn’t tax them and take thier excess productivity and crush them into poverty. Maybe doable back then, but today, where the drones and satellites and AI computers know what you are going to do before you yourself know what you are going to do, not possible.

In a world where the UN just released a report that a global food crisis is on the horizon and maybe a billion people will starve to death, in a world where even Paolo himself says it is a crying shame 40 million people in the USA must be on food stamps just to survive, why do u “ridicule” the farmer who makes tomato3s? In a world where even our esteemed HOST mosler says the financial system is structured in a way where fuel for machines is more important (right now) than food for people and with ethanol policies and other misallocated policies will cause hundreds of millions to starve to death.

Right now the lowly tomato farmer may be stomped under your boot and spit on, but soon you may be begging for his mercy as you starve. You will cry out, I am mammoth, PHD extrodinaire Ivy league school monetary engineer, give me food you vermin! And the lowly tomato farmer will say FU, we got too many PHD monetary engineers, die!

I remember reading in the bolshevik revolution, the people in the city starved to death while the farmers had food. I don’t agree with anything you say that southern italy NEEDS northern italy, in fact I am thinking it would be a more efficient currency area better able to enact counter-cyclical monetary policy *that helps real human beings) if southern italy had thier own currency.

I will leave you with this thought Mammoth, 10,000 PHD’s may be very smart, it may have taken them 20 years to get all that knowledge in thier brain, they may all think they are irreplaceable and more important than the lowly tomato farmer and more valuable to society, but other people besides me are beginning to question wether they should eat or just let them die and starve because they are really WORTHLESS in the big scheme of things (where food and food producers will trump all in a possible future and northern italy will be on thier knees BEGGING for southern italy to not let them starve to death and die):

http://www.zerohedge.com/news/guest-post-money-down-rathole-college-healthcare-housing

I am sickened by the vast sums I see households squandering on hopelessly marginal “investments” in expensive higher education, healthcare and housing. I too am caught in the crony-capitalist/State cartel web of waste, skimming and fraud: we have paid tens of thousands of dollars on no-frills healthcare insurance (no eyewear, no dental, no meds, $50 co-pay) in the past decade, and received perhaps 3% of this sum in care.

But to not have health insurance in America is to invite financial ruin should we suffer some serious illness. The same “must-have” argument supports the conventional wisdom about education: a young person “must have” a college degree if they hope to escape a lifetime of poverty. The issue isn’t education per se, it’s the ever-rising cost of an education that has arguably lost value in a global job market that faces a vast surplus of educated workers and a scarcity of secure, high-paying jobs.

Simply put, minting 10,000 PhD chemists (for example) does not magically create 10,000 jobs for PhD chemists.

I see family after family making enormous sacrifices to send their children to costly colleges or make bloated mortgage payments with little hope of positive return; I see families who did not have health insurance struggling to pay off crushing bills for hospital care. I personally know people with science PhDs and post-doctoral experience at top universities competing for scarce academic/research jobs against fields of 60 or more other qualified candidates.

Yes, education and healthcare are necessary, but cartels have leveraged this necessity into vast skimming operations that yield marginal returns even as their costs balloon without limit.

Housing is also a necessity, but it does not follow that it is a high-yield investment. Rather, it has become a sinkhole for hard-earned, scarce cash.

Ratholes are not investments, regardless of what the cartels profiting from the Status Quo claim.