<penang@[EMAIL PROTECTED]
> wrote in message
news:53a2bb65-04e5-4648-8e56-93dca829cf91@[EMAIL PROTECTED]
> I've been reading a lot of gloom and doom predictions from everywhere.
> Recession is here, banking systems are collapsing like the house of
> cards, plummeting stocks coupled with skyrocketing prices are really
> giving this world a headache.
>
> Add to this is the unthinkable amount of debt that is going to get
> worse.
>
> I've just had it. Predictions of gloom and doom just ain't gonna turn
> things around. We've already seen what's going on in Zimbabwe, with
> inflations over 1000 %, everything is collapsing left and right.
>
> Are we going to sit here and keep on feeding each others gloom and
> doom predictions until the kingdom come? Or are we going to deal with
> it, one way or another?
>
> So what are we going to do about it? Is there anything we can do?
>
> Governments have failed us. The banking system, the central banks, the
> experts have all lead us into a deep abyss. And if we put 2 experts in
> a room, they bound to come up with 3 different conclusions.
>
> So what to do? I mean, what can we do????
>
>
See what you've done? You woke up a legion of tin hats.
As I got outside this morning, the sun was still ****ning, the store
shelves
were full, the people seemed content. Is it going to get worse? Very
likely,
but it is a long way to go, before we reach prosperity levels of China,
Russia, India, Brazil, and other countries, hailed today as new frontiers
of
wealth creation. We need to understand that the world has changed and many
more nations compete today for the most im****tant commodity, which is
human
enterprise. We need to address unrealistic expectations, letting people
understand that there are good times and there are bad times. One should
not
fear a recession, but counter it by saving money. Savings is just another
type of insurance, but the premiums are being paid to yourself. This will
allow a continued spending during slowdowns, and also create capital for
the
large infrastructure projects. To encourage savings we need to stabilize
currency and once and for all abandon monetary expansionist model. Then,
let
the true market forces take effect to wipe out bad debt and speculative
excesses. There will be no depression like 1929, because production of
goods
is far more evenly distributed around the globe today than it was then.
China, Taiwan, Mexico, Canada, and oil producers will absorb the impact of
a
slowdown by reducing their prices and thus helping the US consumers
weather
the storm. And when it is all done, start cutting cor****ate taxes and
other
obstacles to the enterprise. Former communist countries took our
capitalist
system as a model, and it would be unfortunate if we took theirs in
return.
So, get back to work!.:)
e.
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