Keynes and the AFC: come in TK

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Former Member

I love Keynesian theory and practice because it makes me money, but at the same time eats away at the savings of most and causing widespread poverty. Business schools are mostly a waste of time and the biggest indoctrination machinery in the world, hence this huge support for Keynesian theory. I tell as I see it bro.

Anyone who cannot see where the economy is headed a year or two ahead of time is not worthy to lead. Anyone who cannot predict the financial markets from short to medium term is not worthy to lead anything that has to do with the economy. Anyone who subscribes to a Keynesian system is an idiot, crook or extremely naive.

I know you subscribe to Keynesian theory and I will be one the first to invest in Guyana if the AFC wins, I just love making money

. The PPP may be a set of incompetent crooks but if the AFC does subscribe to Keynesian theory, as you do, the income and wealth gap in Guyana will be even worse that it is today, in ten years, take that to the bank. I have researched the financial markets and monetary systems way back to historical times to know this. Most economists always speak after the fact, or at least the loudest ones. Reconsider your economics or the AFC will be just as bad for Guyana as the PPP are today.

Think about backing the locally currency, officially or unofficially, with gold. I know it can be dangerous to say it officially and you probably know that, but please at least do in the background.

Word of advice also; store the gold in Guyana or you may never see it again!

I do wish you guys well in the AFC because change could be good for Guyana at this time. However, stay away from the mudslinging because as a disconnected bystander the AFC, or at least its supporters, are now coming across as the other side of the coin of the PPP, take the high moral ground, it will pay off in spades.

Replies sorted oldest to newest

TK_REDUX (Guest)

Poli...nice to hear from you my friend. You will be embraced and welcomed with open arms to invest in Guyana under an AFc govt. You will never have to pay the 25% kick-back tax and we will do everything possible to make you succeed. Look out for the AFC column this Sunday in KN. BTW, I am not a Keynesian although I admire Keynes. I hope everything is going well with your portfolio!

10/20/1110:51 PM

TK_REDUX (Guest)

quote:
POLI: Think about backing the locally currency, officially or unofficially, with gold. I know it can be dangerous to say it officially and you probably know that, but please at least do in the background.

That is on the agenda!

10/20/1110:52 PM

TK_REDUX (Guest)

Poli...please read the Action Plan. It is a very eclectic document and does not subscribe to Keynesian economics.

10/20/1111:02 PM

Former Member

What nonsense! Keynesian theory making money.
Obama follow Keynes too and look at the economy.

10/21/116:36 AM

Former Member

quote:
Originally posted by politikalamity:
I love Keynesian theory and practice because it makes me money, but at the same time eats away at the savings of most and causing widespread poverty. Business schools are mostly a waste of time and the biggest indoctrination machinery in the world, hence this huge support for Keynesian theory. I tell as I see it bro.

You sound like a pompous ass who probably don't have a pot to piss in

10/21/116:56 AM

Former Member

politricks made some money on gold stocks and now he is bragging about it, wrongfully attributing his gold purchases to Keynes. Keynesian theory tend to see a resurgence during dire economic times when govt is called upon to intervene when private sector screws up.

10/21/117:03 AM

Former Member

Any ass could buy gold and hoard. This was done 3,000 years ago. It has nothing to do with Keynes.

10/21/117:26 AM

Former Member

No economic model is perfect. Any model, applied and operating in an invironment of corruption, lack in rule of law, lack of transparency, absence of good governance and lacking in balance will be doomed to failure. Don't blame the system, blame its management.

10/21/117:52 AM

Former Member

That makes sense.
Keynes model was used to propel the US out of a depression not to make money for investors. The AFC is better off without this charlatan.

10/21/117:59 AM

seignetSenior Member

All just labels. Guyanese politicians doan even think of the economy. Lately, it has become the 'word'.

The society doan look to be gainfully employed at anything other than going to Western Union to collect the remittances.

However, if a politician exist somewhere in Guyana who is serious creating jobs, then a new creative model will have to emerge.

And to the benefit of the entire Third World.

I have theories, just waiting for the AFC to win.

I trust they will be more receptive to FBG than Cheddie Jagan.

10/21/118:10 AM

TK_REDUX (Guest)

Here is the AFC Action Plan:

http://www.voteafc.com/images/ap2web.pdf

It is very eclectic.

10/21/118:21 AM

Former Member

quote:
Originally posted by TK_REDUX:

I am well TK, thanks, also my portfolio is not doing too badly I guess compared to what is taking place in the general markets.

Anyway to more serious things. I have started to review the AFC action plan, it will take me some time because I am very busy with work related stuff.

Here are some of my feedback so far:

First year in office
Regarding item 12
-have there been studies done by anyone on the AFC to prove that it will benefit Guyana more to use sugar cane for ethanol as opposed to selling the sugar on the open market for conventional use? With the expected increase in the coming decade for agricultural products for food it may be better use the sugar for conventional use.

Also it has been said that for every one pound protein in beef it takes 4 pounds of grain protein, has there been any kind of studies done to weigh the energy input versus the energy output with regards to ethanol?

Regarding item 18:
-while the plans you have are good, they only help to create the lower end jobs – so to speak – with the respective industries. I like the idea of a research university (Item 16), however, this must also include training electrical engineers and engineering scientists, these faculties will also have to engage foreign universities and partner with major technology companies such as Intel, Apple, AMD, Samsung, Sony etc so that there can be proper internships etc. The reason for all of this is to nurture and facilitate design and development of new IP’s. This is where this hemisphere will have to compete; in design. We cannot compete in the manufacturing and execution areas, we will never be able to compete with the sub-continent and the rest of Asia. I know all of this becasue I work for a major Hightech company and I have been witnessing and facilitatiing the change (and Trend) for at least 10 yrs now. The same support is needed in the health sciences area.

Medium term Infrastructural works:
With regards to all of these works and especially the airports, Guyana does not currently have the population to support all of this. This calls for an effective immigration policy with fast tracking and preference given to business and educated people, especially engineers, scientists and those in the health sciences area.

Regarding 8:
I am not sure enough research have been done on wind turbines to say whether the low hum it generates can have adverse effects on human and animal health. Also I think the Guyana government have to better regulate the placement in cell towers, I see too many of these on residential areas, very close to where the population lives.

will provide more feedback as I have time.

10/21/1110:15 PM

Former Member

quote:
Originally posted by Mad Max:
What nonsense! Keynesian theory making money.
Obama follow Keynes too and look at the economy.

It makes money for a privileged elite, the people who financed Obama's campaign. What can I say -- it's a British ideology, just like the Milton Friedman school that is supposedly competing with it.

10/21/1110:44 PM

Former Member

quote:
Originally posted by Mad Max:
That makes sense.
Keynes model was used to propel the US out of a depression not to make money for investors. The AFC is better off without this charlatan.

Wrong -- FDR was not a Keynesian. He represented the American School of Alexander Hamilton, Lincoln, etc. Roosevelt's grandfather Isaac was a figure in that movement.

10/21/1110:46 PM

Former Member

quote:
Originally posted by Henry:
quote:
Originally posted by Mad Max:
What nonsense! Keynesian theory making money.
Obama follow Keynes too and look at the economy.
It makes money for a privileged elite, the people who financed Obama's campaign. What can I say -- it's a British ideology, just like the Milton Friedman school that is supposedly competing with it.

First of all, it is not an ideology, it is a theoretical model. But explain how it makes money for the elite?

10/22/116:44 AM

Former Member

quote:
Originally posted by politikalamity:

Regarding 8:
Also I think the Guyana government have to better regulate the placement in cell towers, I see too many of these on residential areas, very close to where the population lives.[/i]

will provide more feedback as I have time.

your thoughts got me thinking as I am also in the vicinity of cell phone towers.

just posting some information I just read. i hope it helps.

Do cellular phone towers cause cancer?

Some people have expressed concern that living, working, or going to school near a cell phone tower might increase the risk of cancer or other health problems. At this time, there is very little evidence to support this idea. In theory, there are some important points that would argue against cellular phone towers being able to cause cancer.

First, the energy level of radiofrequency (RF) waves is relatively low, especially when compared with the types of radiation that are known to increase cancer risk, such as gamma rays, x-rays, and ultraviolet (UV) light. The energy of RF waves given off by cell phone towers is not enough to break chemical bonds in DNA molecules, which is how these stronger forms of radiation may lead to cancer.

A second issue has to do with wavelength. RF waves have long wavelengths, which can only be concentrated to about an inch or two in size. This makes it unlikely that the energy from RF waves could be concentrated enough to affect individual cells in the body.

Third, even if RF waves were somehow able to affect cells in the body at higher doses, the level of RF waves present at ground level is very low -- well below the recommended limits. Levels of energy from RF waves near cell phone towers are not significantly different than the background levels of RF radiation in urban areas from other sources, such as radio and television broadcast stations.

For these reasons, most scientists agree that cell phone antennas or towers are unlikely to cause cancer.

http://www.cancer.org/Cancer/C...ellular-phone-towers

10/22/117:10 AM

Former Member

quote:
Originally posted by politikalamity:

Regarding 8:
I am not sure enough research have been done on wind turbines to say whether the low hum it generates can have adverse effects on human and animal health. [/i]

will provide more feedback as I have time.

http://www.wind-watch.org/faq-wildlife.php

basically bats and birds are directly impacted by the blades of the turbines, however, nothing is mentioned of the noise being harmful to humans.

10/22/117:14 AM

TK_REDUX (Guest)

quote:
Regarding item 12
-have there been studies done by anyone on the AFC to prove that it will benefit Guyana more to use sugar cane for ethanol as opposed to selling the sugar on the open market for conventional use? With the expected increase in the coming decade for agricultural products for food it may be better use the sugar for conventional use.

Also it has been said that for every one pound protein in beef it takes 4 pounds of grain protein, has there been any kind of studies done to weigh the energy input versus the energy output with regards to ethanol?

Yes the science for sugar cane based ethanol is sound. The energy balance is 8.4. We have said that many times in the media.

10/22/117:22 AM

TK_REDUX (Guest)

quote:
Originally posted by Henry:
quote:
Originally posted by Mad Max:
That makes sense.
Keynes model was used to propel the US out of a depression not to make money for investors. The AFC is better off without this charlatan.

Wrong -- FDR was not a Keynesian. He represented the American School of Alexander Hamilton, Lincoln, etc. Roosevelt's grandfather Isaac was a figure in that movement.

Glad you bring up the name Alexander Hamilton. I would say the AFC's Action Plan is closer in spirit to Hamilton than Keynes. Those who understand the issues let them read.

10/22/117:24 AM

Former Member

quote:
Originally posted by Henry:

Wrong -- FDR was not a Keynesian. He represented the American School of Alexander Hamilton, Lincoln, etc. Roosevelt's grandfather Isaac was a figure in that movement.

I don't think he was Keynesian either, but the government expansionist movement he started was based on Keynes model of spending to jumpstart the economy. People still dispute if that was the real reason the great depression ended, but the argument goes on.

10/22/117:37 AM

TK_REDUX (Guest)

quote:
Originally posted by Mad Max:
quote:
Originally posted by Henry:

Wrong -- FDR was not a Keynesian. He represented the American School of Alexander Hamilton, Lincoln, etc. Roosevelt's grandfather Isaac was a figure in that movement.

I don't think he was Keynesian either, but the government expansionist movement he started was based on Keynes model of spending to jumpstart the economy. People still dispute if that was the real reason the great depression ended, but the argument goes on.

It could not have been. Hamilton was America's first Minister of Finance and he wrote his magnum opus in 1791 long before Keynes was born.

10/22/117:45 AM

Former Member

quote:
Originally posted by Mad Max:
quote:
Originally posted by Henry:

Wrong -- FDR was not a Keynesian. He represented the American School of Alexander Hamilton, Lincoln, etc. Roosevelt's grandfather Isaac was a figure in that movement.

I don't think he was Keynesian either, but the government expansionist movement he started was based on Keynes model of spending to jumpstart the economy. People still dispute if that was the real reason the great depression ended, but the argument goes on.

The Keynes model is indiscriminate "money pumping" intended to encourage consumer purchasing. The American model is highly selective direction of credit by government in order to promote an accelerating improvement in the actual physical output of the economy. This takes the form of investments in infrastructure and upgrading the technology of production, as well as the cultural level of the workforce.

10/22/1111:17 AM

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