I completely get what you are saying. I have heard so much about the economic recession and I am so sick about hearing it. However, I have felt that I now have to act in a certain way because we are supposedly in this recession. For instance, at christmas, I didnt’ buy any presents. My friends and I made a pact to make all our presents, just because of the economic recession. Equally, I was meant to be going on holiday in a weeks time but we all decided not to because of the recession. Thing is, I only realised afterwards that that was just absurd. I can totally afford to go on holiday so I should have just gone.
I have made so many decisions based on the fact that we are in an ‘economic recession’ and I have heard so much about it. But in reality, I am actually earning more than I ever have. As opposed to sympathising with this ‘recession’, I might as well just continue acting as I was before the recession and spending my money moderately while saving it sensibly at the same time.
You are totally correct!
If all people continued to act as they usually act, the effects of it would be minimal.
Hehe, I was surprised to get a such fast response, because I did not send any invitations.
Most people would consider the post being outmost boring.
I wrote it mainly to train writing with my left arm, because I broke my right.
But I seriously have this opinion about the recession.
aww, poor you! That really sucks breaking your right arm. But you obviously did a very good job writing with your left! Fair play!
Nah, it is a really interesting post, so I thought I should reply!
True as can be.Greedy Investors still wanting more.Managers of Companies getting a bigger Pay Packet than the Companies Earnings.Companies lying Shareholders.Managers lying to Companies.Round and Round it goes .No one seems to know any Guide Lines.
The Government has no Idea how to fix this .NO idea at all.The Printing of Money is not doing what it should do and that is being a Watch Dog over these enormous big Companies.Like General Motors still building Petrol Guzzlers what totally useless.
Like Chrysler if now one wants to buy this Car, why bail them out?If the rich would give back 10% of there Wealth instead of being greedy.If the USA would stop recruiting Personnel for Army,Navy and reduce Personnel,the Country would be in a much healthier Place.If the Wars of %$#@ ah forget it i cant do nothing and you cant do nothing we may just talk to a Wall….
“That hits the economy much worse than the igniting spark of bank irresponsibilities”
Banks can crush economoies - Look at the Northern Rock scenario - If because they inflate forecasted profit they themselves loan more due to a perceived higher business value and if they lose money in the stock exchange then this can causes massive inflation. Banks are governed by government regulations. The hands off approach Bush gave the US financial institutions gave them free reign to gamble with our livlihoods. That is why in some cases pension funds and savings have gone AWOL - The Bank of Credit and Commerce closed years ago - It lost Billions from our economy as a result of corrupt management.
The government got us in this mess because true capitalism is not a reliable consistent economic structure.
The media is controlled by the government - It is called opression - Police are conrolled by the government - if a news reader incited hate, racism or terrorism then they could face jail without trial.
Wake up - the recession occurs because governemnts mess up. Why should we save them if they don’t do there job? Get a new global economic trade system based on new values and overnight we could have a better economic position for the population of the world as opposed to our secular lifetstyles.
All other types of economies have been tried a number of times, in a number of countries.
The only type that has proven to work to afair degree is capitalism.
It has its drawbacks and has to work within a governed framework, but it is so far the best we’ve got.
Capitalism provides the incentives for a necessary growth.
As I stated in the post, the igniting spark may have come out of banks’ or governments’ mistakes, and I did not say that we should save a government or a bank.
But the outcome will be the result of the power of the masses. Any new economic system will also be affected by the power of the masses, governed or not.
If you don’t govern them, the economy will be heavily directed by moods, rumors and so on, in an ad-hoc way.
And if you govern them, you are back where a government may mess up stuff by making the wrong decisions.
“There is no such thing, at this date of the world’s history; in America, as an independent press. You know it and I know it.
There is not one of you who dares to write your honest opinions, and if you did, you know beforehand that it would never appear in print or on screen. If a journalist writes an honest opinion their occupation would be gone within 24 hours:)
The business of the journalist is to destroy the truth, to lie outright, to pervert, to vilify, to fawn at the feet of mammon, and to sell his country and his race for his daily bread. You know it and I know it.
Journalists today are the tools and vassals of rich men behind the scenes. We are the jumping jacks, they pull the strings and we dance. Our talents, our possibilities and our lives are all the property of other men. We are intellectual prostitutes.”
John Swinton - Managing Editor of the New York Times
k4kieron wrote:
“That hits the economy much worse than the igniting spark of bank irresponsibilities”
Banks can crush economoies - Look at the Northern Rock scenario - If because they inflate forecasted profit they themselves loan more due to a perceived higher business value and if they lose money in the stock exchange then this can causes massive inflation. Banks are governed by government regulations. The hands off approach Bush gave the US financial institutions gave them free reign to gamble with our livlihoods. That is why in some cases pension funds and savings have gone AWOL - The Bank of Credit and Commerce closed years ago - It lost Billions from our economy as a result of corrupt management.
The government got us in this mess because true capitalism is not a reliable consistent economic structure.
The media is controlled by the government - It is called opression - Police are conrolled by the government - if a news reader incited hate, racism or terrorism then they could face jail without trial.
Wake up - the recession occurs because governemnts mess up. Why should we save them if they don’t do there job? Get a new global economic trade system based on new values and overnight we could have a better economic position for the population of the world as opposed to our secular lifetstyles.
I disagree with you Molotok
Free Enterprise works. Capitalism fails. And it is not another word for Capitalism as Wikipedia would like for you to believe. Only a patriot who is well read, self educated and believes in a Republic would know the difference between Free Enterprise and Capitalism.
Semantics is mastered by the powers destroying the economy.
Soul, I think you are colored by local stuff, possibly some exaggerations about US Republicans.
Free Enterprise IS Capitalism.
We are talking about what Wikipedia calls “Capitalist mixed economy”, i.e. where a government still sets the framework and is one of the main actors.
Then the media. Well yes, they are dictated by governments to a certain degree. But not entirely.
Instead I agree with you that the journalists are steered by the greedy owners of the media - disasters sell!
This thing about enhancing the recession by means of “disaster journalism” is not at all in the interest of any government.
All media is bought and paid for molotok
In America the First Amendment of the Constitution states that, “Congress shall make no law…abridging the freedom of speech, or of the press…
Throughout America’s history an independent and competitive press has been regarded as essential to the effective maintenance of her republican form of government. It was the press’ responsibility to provide objective, unbiased reporting of news and information necessary for an informed and alert citizenry.
Today molotok, influential minorities constituting 2 percent or less of the total U.S. population have effectively achieved dominion over America’s media. This has resulted in America’s public being exposed to what is largely biased and censored news.
A nation is only as strong as it’s institutions, and, as an institution, journalism in America has ceased to serve the vital interests of the American People.
The Burden of Debt is as Destructive to Freedom as Subjugation by Conquest.
Slavery or involuntary servitude is the result of either subjugation by conquest or succumbing to the bondage of debt.
Debt is simply borrowing against the future.
Inflation is Caused by the Federal Reserve System.
Debt is a handicap which should be alleviated at the earliest possible moment.
“Think what you do when you run in debt; you give to another power over your liberty.”
Benjamin Franklin
“I, however, place economy among the first and most important of republican virtues, and public debt as the greatest of the dangers to be feared.”
(Bergh, Writings of Thomas Jefferson, 15:47)
“I entertain a strong hope that the state of the national finances is now sufficiently mature to enable you to enter upon a systematic and effectual arrangement for the regular redemption and discharge of the public debt, according to the right which has been reserved to the government. No measure can be more desirable, whether viewed with an eye to its intrinsic importance, or to the general sentiment and wish of the nation.” (Fitzpatrick, Writings of George Washington 32:211.)
When America returns to Constitutional Law that is upholding The Constitution of The United States of America her finances will return to order.
Well, we can discuss ecomomic parameters at length. Being successful, we may earn the Nobel Prize.
Similar to that you can not live without water but may drown in too much of it, some things may be basically negative but helpful in small doses or with good side effects.
While trying to minimize public debts, a certain debt may in some cases be less bad than the other tools it may help to activate. So much of our economy is based on the very principle of inflation and to borrow from our future. It is helpful in small doses because it serves as n engine for other things, but a nuisance if too much.
Some things changed since the days of Washington and Jefferson, e.g. the usage of a Gold Standard. It has also shown that the national ecomomy in general benefits from a certain tiny amount of unemployment and inflation.
On top of this, you may count in other values than economic. Chile is a very good example. Whatever you say about the dictatorship, with help from Milton Friedman it helped that country from a disaster economy into a very strong economy. It was one of the ”economic wonders” of our time. Now, much of it may have been possible even without most of the terrible surpression and deeds from that dictatorship, but it still raised a question: Who exactly is supposed to be in a healthy condition? ”A country”, or the people living in it? We are used to assuming those to be the same, but they are not. Whilst ”Mother Chile” came out of it as an economically healthy country, much of its people paid a terrible price as a legacy to future generations.
In my post I mentioned that expectations and not substantial assets are the basis of the economy, but I did not argue it because it may be beneficial if carefully dealt with. But I said that it also makes the economics very sensitive to media output, rumors and so on.
- - - -
One day I may write another post about governments’ way to deal with the timing of revenues VS upswings and recessions. Almost ALL governments work this backwards, i.e. trying to protect the government rather than the people.
Every farmer traditionally knows what to do when he gets a good crop. He saves some of it in his barns, picking it out again in less fortunate days. One may say that he ”taxes” his crop during good years and not bad years. His barns are thus able to ”spend their wealth” on him during the bad years.
Governments handle ”the barns of the people”, meaning that they ought to collect revenues during the good years to be able to spend it during bad years. But they do the opposite, feeling no need for high taxes when times are good, thus having no funds when times are bad. They consequently rise the taxes during bad times, deepening recessions even more.
For the one who is interested, there is a lot to learn from the discussion and outcome of California’s Proposition 13 in the seventies, especially Prof. Arthur B Laffer’s elaborating governmental revenues in relation to tax percentage.
Here i go again the most accurate measurement of anything ,may it be Inflation, Wealth, Jobs, People whatever one wants to measure is a ” SCALE “One may want to go to University and study Finance,Economy, anything to do with that sort of Degree.I would simply show all of my Students a Scale.The best measurement Tool there is and will be.Supply and Demand: Revenue and Spending: Corruption:All this can be measured in advance on a Scale.Election of a President.If you go Back three Month before the Final vote of the New President i already knew the outcome not 100% but the Scale was leaning towards him.Interesting but not really,if any one understands this measuring Tool.You dont have to get a degree from Harvard for reading a Scale.what ever there is to measure and measure the Future one ought to look at a Scale more closely.OK on one side of the Scale i measure how much i earn and on the other side i measure how much i spend.Gee i could be a Genius i have to tell this more People. Hy People you are listening???
Well Barby, a scale or equivalent may be accurate to mesasure, but the thing is what to do with the result and how to affect future results in a desirable way.
Imagine a swinging scale, where stability is desired. Weights are added or taken away from both sides, seemingly at random.
You can add or take away weight to stabilize it. But to achieve that, you need the proper timing to interfere, otherwise you would increase the swing instead of reducing it.
So in order to get on top of the situation, you will need to a) try to understand the “random stuff”, i.e. the mechanism of why weights are added or removed, so you can forecast it and be prepared for your countermeasures, and b) find out how long your countermeasures need to have the right effect (if you add weight too late in an upswing, it will not only dampen it but add to the following downswing).
This is the essence of the damping problem in all oscillatory systems, technical or economical. It goes for RCL circuits, car suspensions, economic swings or market management, musical resonance or you name it.
True molotok so true for each Action there is somewhere the equivalent re action.Now we have or suppose to have in all the Countries what are affected with this disease of Inflation these Genius of Brains helping or sorting out the Problems.Again First in Line is spending more then earning.The natural selection of
the strongest will win.Putting it in mild Terms.Car Makers will go down,why bail them out ?How stupid, what a Stupid Idea.There is no more black Slaves or any other Slaves to help out ,one actually has to produce something to sell.That is if its good ,because of the more intelligent Competition.We used to lough about the Japanese Cars .NOT ANYMORE.We are laughing about the cheap Chinese Goods what swamping the Markets .I just came back from Shanghai One should look at the Buildings the hustle and bustle. It will be the Paris of the East and better.
Has anyone ever told you that making the simple complex is called gridlock:)? The truth gets lost in the crowd.
Soul, I know it and I agree.
But I did not get if you meant it towards me/my post, or towards those in charge of stuff.
I think that even complicated things most often get more understandable if I take a step out of the crowd and try a holistic view, like becoming able to see the forest in spite of all trees standing in th view.
Cecilia
k4kieron
SoulRising