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shaka
996 Posts |
 Posted - 03 Oct 2008 : 18:36:26
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I agree with that assessment too. It certainly is not a permanent situation. These things do happen every other decade or so. When capitalist driven economies prosper with a free market, other form of market economies tend to falter and vise versa as the Chinese and Russian markets have manifested lately. These highs and lows balance each other and keeps the world economies moving. What would have been a scary situation is if the world economies were to adopt a unique markets system, let say free market capitalism. The Gambian Dalasi would have been worth cow dung by now and investors would have been jumping off skyscrapers in richer nations. Diversity is the key here. Never put all your eggs in one basket. If your money is in the four figure bracket do not keep it all in the same bank or invest it all in the same market unless you are looking to start from scratch again.
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mbay
Germany
1007 Posts |
Posted - 03 Oct 2008 : 20:24:12
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indeed they see it coming, there are people who are specialised in this areas. but were they willing to stop it or telling us simply cant?
This economically -crash is not hiding evidence but could also not be possible to stop it, not even as Richard Nixon said (WIN)
1) The world economy is taking another tools.
Everything is fusion together, when the mother bank or insurances (with fully knowing) went conspiracy bankruptcy. No bother and no problems, we taxpayer are around, more over big brother –politicians is standing by.
2) The political system is on turning in another part of the sun (the wind of change)
History told us this no empire last for ever. We should learn from past tens.
3) We are in the war! "A Swallow of any progressive"
Even if it has being pushed aside as nothing is going on , we have to know that the alliances(where the world economy are balanced) is at war and war always cost more than the country or emperors can bear (no matter how powerful by politically or economically is).
Hey: Remembers 700.bln! Wasn’t about the same amount that cost the war? From the USA alone!
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mbay
Germany
1007 Posts |
Posted - 17 Oct 2008 : 13:05:54
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Germany over France to the USA Japan Chine only on their gigantic lurk…
If one considers, like Bank insider and normal persons heard words on such as Greenspan, his words were iron-law. This law independent itself, the gigantic dollar money supply and/or. The associated debts must burst. I tune as an imperturbable optimist the thought and feel with some people, we are all already in the middle of the crisis.
Averaging earn, small manufacturing, independent ones and employees have less and less, in order to be able to afford somewhat, the prices are in the free (globalisation) failure, the incomes likewise. It takes place a gigantic rearrangement from bottom to top. Large concerns are kept badly than quite more of government and banks alive. This spiral begins to take just also the manufacturers into the pliers; they must give always more and more way, in order to loose-will anything at all. "My current car leasing is as favourably as never" here the hidden price- discounts are taken into consideration, those at 30-35% deduction on the new vehicle price near approximate. We all do not begin yet to gnaw at the hunger cloth however to be well prepare for it.
Even if the crisis should not fail in such a manner brutally like others described, a preparation not badly that the imperturbable optimist does not purge into depression. As soon as one looks the problem in the eye, it is already half solved. We thought nevertheless that there would be infinite growth and we must not die sometime also anymore.
the society is not prepared for problems; they recognize not that further growth is before all internal, ethical growth. It is to be energized the merit/service of this kind… us for thinking.
And what makers are making? As always. first concentrating around the primarily on the financial range. Even if they say it is because of our interest! We all do not earn any longer well enough around these rules to correspond.
The next fall will surely come but before then … and one anxiety Fewer “GWB “will be going. Every negativity has occurs in this man ruling time .So I hope this was his last action.
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Bodwick
United Kingdom
60 Posts |
Posted - 17 Oct 2008 : 16:25:37
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quote:
Originally posted by kaanibaa
I still wait to hear from Bodwick, this topic is definitely hot pepper soup and needs to be taken at this crucial moment.The American Congress threw out the Bailout Bill leaving the Wall Street gurus in shock. Come on Bod say something now!Huh! Give us hope men....
Just back from Gambia and noticed this thread. I'll have a read and post when I've time.
Bod...
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A human being should be able to change a diaper, plan an invasion, butcher a hog, conn a ship, design a building, write a sonnet, balance accounts, build a wall, set a bone, comfort the dying, take orders, give orders, cooperate, act alone, solve equations, analyze a new problem, pitch manure, program a computer, cook a tasty meal, fight efficiently, die gallantly.
Specialization is for insects.
-- Robert A. Heinlein The Notebooks of Lazarus Long |
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Bodwick
United Kingdom
60 Posts |
Posted - 17 Oct 2008 : 19:01:59
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quote:
Originally posted by kaanibaa
Dear Bodwick
I hereby reproduce your postings in the above regards , to me it is laughable that your predictions are falling flat , it seems what we now face is a collapse which you were so certain cannot happen.Read on my friend......
kaanibaa, I think it’s safe to say the World will not catch fire. There may be outbreaks in California and in Australia but it’s unlikely to spread across the World. So the living can rest easy and the dead can stay dead.
You exaggerate your imagined ’scary scenario’ into something it’s not. There is no downfall of the major economies about to turn the West into some sort of Gambia clone. The idea is laughable.
As for the suggestion that the supposed poor downtrodden people of your dear Gambia who you assume live at level zero will somehow be joined by the rich of the West as they travel to poverty street? Well I’ll leave you to imagine this scenario as it’s so far off from reality that I can’t be bothered explaining why this will never happen.
Bod.
I just hope you have changed your opinion on this issue as it is a hot burning one right now unless you are not on this side of River Jordan. There are predictions of doom and gloom and those who are most in fear are the super rich, you see they are so high up that pedestal of feel good utopia now that the prospect of going down under is looming I can imagine some contemplating suicide and all those things that silly foolish people do as it were. See your reply soon
I have been on the other side of the river Gambia for a couple of weeks so I missed the ‘Panic’ As there is no news in Gambia I might as well have been on another planet. The biggest news doing the rounds in Gambia was the number of visitors expected for the new season. This seemed like a selfish view of the type that’s only interest was a “whats in it for me’…
I might head to the river Jordan next time though as I’m beginning to think the grass may well be greener in Jordan rather than the parched earth of Gambia.
Well it looks like I was spot on with my first prediction of fires in California. So I can tick that of together with fires in Oz being possible and I’ll also claim that the dead are still dead continues un changed…
There has been a slight hiccup in the financial World but I don’t see the West entering your ’scary scenario’ of turning into a Gambia clone. Life continues over here as it has for some time. Try following the advice: “A simple rule dictates my buying: Be fearful when others are greedy, and be greedy when others are fearful," for your share trading and you will find that not everyone is losing money during this period.
My last paragraph concerning ‘a trip down poverty street’. I await anything like even one street in Gambia appearing in the West. There may be pockets of immigrants that are lowering the area’s they live in but we have our own chavs doing that on estates already. It will simply never be like Gambia here.
Suicide due to debt is a fact of life in the West. We have huge suicide levels at all ages for many reasons. Take the easy way out if you want but there will be zero sympathy from me. The same goes if you borrow too much and live beyond your means.
The super rich will continue. Just look at Gambia to see people unaffected by any World recession they are driving around all over the place with no shortage of money… Then look up the street at the poverty…
Bod
P.S. Just to add the sort of information available about money in Gambia is as Momodou Camara posts in the Observer 30th Sept.
"As trading closes in Banjul this ending the 25th. September, 2008, the Dalasi is manifesting a very mixed picture. Which way to swing, I do not know as I am equally confused as you may be with these figures just like a child looking into a prism and mentioning all colours that comes her way."
I'll stick to the FT... |
A human being should be able to change a diaper, plan an invasion, butcher a hog, conn a ship, design a building, write a sonnet, balance accounts, build a wall, set a bone, comfort the dying, take orders, give orders, cooperate, act alone, solve equations, analyze a new problem, pitch manure, program a computer, cook a tasty meal, fight efficiently, die gallantly.
Specialization is for insects.
-- Robert A. Heinlein The Notebooks of Lazarus Long |
Edited by - Bodwick on 17 Oct 2008 19:10:46 |
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