This is why I don't vote................

I think everybody should copy SYRIZA! It's really a good program, no Austerity, no pay what you owe, more wages, more government jobs where people don't have to work!

it's a free lunch!

I think all the parties in Europe that have the same message will win.

it's really a good program!

“A democracy is always temporary in nature; it simply cannot exist as a permanent form of government. A democracy will continue to exist up until the time that voters discover that they can vote themselves generous gifts from the public treasury. From that moment on, the majority always votes for the candidates who promise the most benefits from the public treasury, with the result that every democracy will finally collapse due to loose fiscal policy...

― Alexander Fraser Tytler



The problem with socialism is that you eventually run out of other peoples' money.
Margaret Thatcher


Democracy must be something more than two wolves and a sheep voting on what to have for dinner.
James Bovard

In a democracy the poor will have more power than the rich, because there are more of them, and the will of the majority is supreme.
Aristotle

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Automation

One of the last vestiges of the swashbuckling era of commodities floor trading is fading away.
CME Group Inc., the world’s largest futures-market operator, said Wednesday it is closing most of its futures trading pits in Chicago and New York as electronic trading has become the overwhelmingly dominant way futures contracts are bought and sold. The move, which will take effect by July 2, brings to a close nearly 150 years of barking and jostling over the price of grain, oil and interest-rate contracts.

The true is that machines can do a lot of things better than humans. Do you think the pace that machines get better is going to slow? I don't think so. There is a way out! everything  that is physical with movement man is much better than machines.

More about the same:
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Don't look too much at the score! just play

We investigate whether short-termism distorts the investment decisions of stock
market listed firms. To do so, we compare the investment behavior of observably
similar public and private firms using a new data source on private U.S. firms,
assuming for identification that closely held private firms are subject to fewer shorttermist
pressures. Our results show that compared to private firms, public firms invest
substantially less and are less responsive to changes in investment opportunities,
especially in industries in which stock prices are most sensitive to earnings news.
These findings are consistent with the notion that short-termist pressures distort their
investment decisions.
.....................

As Holmström (1982), Narayanan (1985), Miller and Rock (1985), Stein (1989), Shleifer and Vishny (1990), and von Thadden (1995) have argued, a focus on a firm’s short-term profits or its current share price will distort investment decisions from the first-best if investors have incomplete information about how much the firm should invest to maximize its long-term value. Foregoing positive NPV projects boosts current earnings, and thereby today’s share price, by reducing “depreciation charges to earnings or other start-up charges” (Graham, Harvey, and Rajgopal (2005)).

Asker, John, Joan Farre-Mensa, and Alexander Ljungqvist (2014)

There is nothing new here. Public companies are obsessed about the quarterly numbers  on top of this they have a huge amount of regulation that private companies don't. There is no point to be listed these days.

Transparency is something that doesn't make sense, it's like giving secrets to your competitors.

keep your game for yourself if you can!


The secret of business is to know something that nobody else knows.
Aristotle Onassis

I want to be with those who know secret things or else alone.
Rainer Maria Rilke
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Greece

Varoufakis’ idea of a winning strategy is to hold a gun to his own head and then demand a
ransom for not pulling the trigger.

Anatole Kalensky, From GaveKal

The Troika idea is i lend you a lot of money but you have to do some things that i think are good for your country. That is not working for 2 reasons

1.The countries don't do the full package of measures that the Troika recommends. In Portugal we didn't cut the Public expenditures (Only raised taxes)

2.People are ultraged of having someone telling them what to do.

Of course that austerity is the only way out, but we can't expect the south countries to figure out that what the northern countries do works. We know better of course.

What to do? Prepare for the worst, don't lent to bankrupt countries and eventually prepare to shore up the people who lent to Greece.

The ideia of protecting the lenders of Greece by sending more and more money to Greece is not working. 

People can not live on credit forever.

They have to live with what they have. With that i agree with SYRIZA

more links

http://thoughtmeme.blogspot.pt/2015/01/hollande-n2.html
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Not a smart move

From Quartz, John Kerry lands in Ukraine. The US secretary of state will meet president Petro Poroshenko for an update on the fighting in the east of the country. Earlier this week, reports emerged that the US was preparing to provide Ukraine with weapons in its fight against pro-Russian separatists.
Some 20 years ago there was a Russian empire. It fell apart with no blood tks to Gorbachev etc... Now Russia is back on their feet and they are not happy with some things that are happening in their borders. Yes Ukraine is like CUBA or MEXICO for the USA. To put some economic pressure on Russia because the west want the military buildup of RUSSIA to stop it's ok. To send Guns i think it's a bad idea.
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Time to visit Japan


The Big Mac Index is a good indicator to choose where to travel . Last year i went to South Africa. It's good to be able to dinner at the best restaurants and pay the same price or cheaper than i pay in Lisbon.
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No more jobs

And though the idea may be theoretical in most countries now, a few places, like Switzerland, are considering actually putting it in place, with a yearly income of 30,000 Swiss francs guaranteed just for being alive.

 http://www.fastcoexist.com/3041719/change-generation/work-is-bullshit-the-argument-for-antiwork?partner=rss

 Twenty years ago, Jeremy Rifkin estimated that about 75% of jobs in industrialized countries included tasks that could be at least partially automated, and as artificial intelligence and engineering improves, that number keeps getting higher.
No more jobs for the simple reason that it's not necessary for everybody to work! 

 If in a small closed village where everybody is a farmer and produces some vegetables& grains if someone buys a Tractor he will produce enough for everybody very cheaply. That is the problem of automation. Soon you have excess production of everything!

 What to do about this?

 http://thoughtmeme.blogspot.pt/2013/09/where-there-is-no-work-there-is-no.html

 http://thoughtmeme.blogspot.pt/2013/11/stayin-home.html
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