GLOBAL ECONOMIC WHEEL
- We are not getting it right in all we assune to be the cause of reoccurring crisis either finacial, economic or whatever... The global economy is formed and operates on a global structure with respect to time. Presently all economies of the world are sitting on a shaky foundation thereby subjected to continuous challenges. The absence of the exact global economic wheel design and implementation among various world nations is the practical cause of both past,present and future crisis...this is because the global economy in its form and functional mode is a 360 degree economic wheel that plies the path of sustainability under a time axis of 8760hrs/annum. If what we have is an interconnected globe,we need a framework to do the global interconnected structure that will support various interconnected policies,planning/management strategies to see the global economy through reoccuring crisis. The global economy needs a wheel urgently.
Predator Nation has all the answers
- Just read "Predator Nation" by Charles Ferguson who also wrote "Inside Job." Seems to me he had almost everything correct. READ IT!!!
- —Guest Joan Galt
- In 2008 several factors were at play as mentioned in previous articles but they are only the outward manifestations of the underlying problem of today’s society. We as a society have not learned to find peace with our everyday lives so we look to other means. While money may solve several continuing problems, it in itself cannot provide happiness. So try as many might, the search for contentment through excess spending and greed, whether in business or personal endeavors is doomed for failure. 2008 was just another point in time in which the tipping point was exceeded.
- Read "13 Bankers" by Simon Johnons. It's all laid out there. Hedge funds and all those derivatives you mentioned weren't regulated. Banks and AIG were allowed to use depositors' money to make risky investments. Fannie and Freddie did the same with government guaranteed funds. They were private companies and knew the government would bail them out. Nothing has changed. Wall Street is bleeding Main Street dry, and who's stopping them?