Would you charge your benefactor for bailing you out?
Suppose you are in desperate financial trouble, would you charge the person a commission for lending you the money and then report it as profit?
You should be grateful for the rescue rather than charge him a commission for lending you the money and then disingenuously reporting that as a rightfully gained profit.
WHAT HAS HAPPENED IS AN INDICATION THAT WHAT APPEARS TO BE (BIG PROFITS) MAY BE ILLUSORY AND THESE PEOPLE ARE UTTERLY WITHOUT CONSCIENCE OR SHAME AND THEY ARE RUNNING THE FINANCIAL SYSTEM AND LOOKING AFTER YOUR MONEY DEPOSITED IN BANKS.
Poetic justice:
There is nothing poetic or un-poetic about justice. There can be justice or injustice not poetic justice and whoever speaks of poetic justice is engaging in falsity not without purpose but with the purpose of stirring emotion to delight in this instance of justice.
POETRY IS ABOUT STYLE, HOW AND WHAT WORDS YOU CHOOSE TO STIR EMOTIONS NOT MEANING OR SUBSTANCE, IT IS PLAYING WITH WORDS AND WHATEVER IS PLAY IS NOT TRUE BUT MAKE BELIEVE. THUS IT IS NOT MEANINGFUL OR PRAISE TO CALL AN INSTANCE OF JUSTICE POETIC BECAUSE POETRY IS ABOUT STYLE, EMOTION, PLAYING WITH WORDS RATHER THAN CONSTRUCTIVELY UTILISING WORDS.
THUS ANYONE WHO SPEAKS OF POETIC JUSTICE HAS FALSE PERCEPTION THAT WILL END IN MAD PERCEPTION.
Poetry, art, sculpture, philosophy:
Poetry is playing with words to stir emotions. If the words are the truth, not playing with words, it would not be called poetry.
Art is playing with images. If the image is an accurate representation of reality it would not be called art. It is because it is not a representation of reality but a caricature that it is called art intended to stir emotion.
Sculpture is playing with shapes or forms. If the shape or form is functional, to serve a useful purpose, it is not called sculpture.
Philosophy is playing with thoughts, ideas and concepts that no matter how accurate, is never reality itself. Philosophy is trying to work out reality using words but thinking is actually suffering, not to think (something beings here are incapable) is the incomparable release from suffering and so it is delusion that by thinking which is like walking sticks or crutches, you can get to know reality. Thinking is a dead end, a pit and to think you can think yourself out of trouble is a delusion. Once you stop thinking you see clearly without the distraction of thinking and once you see clearly you know, whence the need for thinking, ideas, concepts and beliefs?
THUS ART, POETRY AND PHILOSOPHY ARE FALSE, MEANINGLESS AND THE PATHS TO WOE AND INSANITY.
Why the bamboo produces fruits of its own destruction:
The Buddha: Whoever, on account of perverted views, scorns the Teaching of the Perfected Ones, the Noble and Righteous Ones -- that fool, like the bamboo, produces fruits only for self destruction.
Why is it that the bamboo was selected as example as producing fruits of its own destruction?
The bamboo’s fruit is its shoots that when harvested it is destroyed. Others like fruit trees produce fruits that does not lead to its destruction.
The sago palm too produces fruits that lead to its own destruction because the starch is in its stem and it must be destroyed to obtain the fruit.
Obama hails companies' pay cuts
Barack Obama welcomes plans to force some firms which accepted government bailouts to cut executive pay.
You and he sees nothing wrong, think hailing and applauding pay cuts is full of meaning when it is meaningless, false and driven by emotion backed false logic that will end in insanity for him and those who see nothing wrong.
If pay has been excessive even ‘obscene’ and these companies have accepted government bailouts, then it is only right that they should moderate their pay, so what is there to hail or applaud what is the right thing to do? If you hail and applaud and these executives are working behind the scenes to undermine the reduction in pay then it is all hypocrisy and deception.
IF YOU LET YOUR YES BE YES ONLY AS JESUS COMMANDED THEN YOU DO THE RIGHT THING, CUT YOUR PAY IF IT IS EXCESSIVE OR UNWARRANTED, ANYTHING MORE, TO MAKE A SONG AND DANCE OF IT OR HAILING AND APPLAUDING IS TO STIR EMOTION, PERHAPS REAP POLITICAL CAPITAL, IS THE MORE THAT JESUS SAID, COMES FROM EVIL NOT GOOD.
AND SO IN HAILING OBAMA IS COMMITTING EVIL NOT GOOD. WHAT IS THERE TO HAIL OR NOT HAIL? IF IT IS THE PROPER THING TO CUT PAY, JUST DO IT WILLINGLY NOT GRUDGINGLY.
OBAMA THINKS HIS HAILING IS FULL OF MEANING BUT IT IS JUST GRANDSTANDING, FOR PUBLIC CONSUMPTION AND TO MAKE MUCH OF SOMETHING THAT WILL END IN INSANITY.
Why hailing will end in madness:
Hailing has nothing to do with meaning but it is all about stirring emotion or force in response to something happening and that is madness.
When you hail something it means you are delighted or like something (pay cuts) or your mental force is stirred attractively by it.
Of what use is stirring your mental force attractively and trying to similarly stir mental force that is blind, harmful and conditioning in others?
HAILING OR APPLAUDING IS MEANINGLESS BECAUSE IF IT IS TRUE, IT MEANS YOUR MENTAL FORCE HAS BEEN STIRRED ATTRACTIVELY AT THE NEWS. THERE IS NOT ONLY NO USE STIRRING YOUR MENTAL FORCE TO HAIL, IT WASTES ENERGY AND LEADS TO STRESS, RESTLESSNESS AND DISTRACTION AND EACH TIME YOU HAIL YOU ARE CONDITIONING YOURSELF TO MEANINGLESS HARMFUL HAILING THAT WILL END IN MADNESS AND YOU HAVE KARMA ENCOURAGING OTHERS TO SIMILARLY APPLAUD.
Karadzic plans to boycott trial:
Why is he practicing controlled madness that will end in madness?
He is a prisoner and has been on trial and so he has no choice but to face the trial and either defend himself if possible or admit his guilt as charged.
To boycott is to refuse to acknowledge reality or deny reality and that is madness. It is also a form of lashing out at his protagonist or non-cooperation.
THE REALITY IS THAT HE IS NOT A FREE MAN BUT HE IS A PRISONER WHO HAS BEEN CHARGED. TO BE CHARGED AND REFUSE TO ANSWER THE CHARGES OR ADMIT GUILT IS PRACTICING CONTROLLED INSANITY TO SPITE AT HIS ACCUSERS THAT WILL END IN INSANITY.
BOYCOTTING IS AN IRRATIONAL RESPONSE. LIKE A CHILD HAVING A TANTRUM.
Hailing himself or pay cuts?
Frequently when people hail something it is not genuine or there is motive to beat their own drums. In this case, by hailing pay cuts Obama may be trying to impress others that he is an effective president and things are improving under his guidance.
IT REFLECTS ON THE SILLINESS OF THIS WORLD WHEN PAY CUTS FOR EXCESSIVE SALARIES WHICH SHOULD BE A MOLE HILL IS GIVEN SUCH PROMINENCE WHEN THERE ARE MANY SERIOUS PROBLEMS FACING THE ECONOMY THAT SHOULD BE THE FOCUS OF ATTENTION. SURELY THERE MORE IMPORTANT PROBLEMS OF THE ECONOMY THAT REQUIRE ADDRESSING THAN PAY CUTS FOR EXECUTIVES THAT IT SHOULD BE HAILED.
Did Jesus teach you to hail yourself?
Did Jesus or the Buddha teach you to hail or make much or exalt yourself or did they teach you to deny yourself?
If it is sinful to hail yourself, you would not hail yourself, how is it proper and meritorious to hail others, to hail pay cuts?
You need force and stirred emotions to hail others according to a rehashed plan. People are hailing others, celebrating others and things (eg hail his exam success, his graduation, patting someone’s back to hail his achievement or ‘a good job done’) not realizing they are hailing, harming themselves and others with emotion or force and therefore sinful rather than meritorious as they delude themselves.
Nothing has been done to redress world’s dire economic state:
It may be or is that the world economic state is in such a precarious state like a terminal cancer or checkmate that no matter what mankind does, it is doomed and not only is mankind not doing anything, it is barking up the wrong tree and continuing as before the crisis with some adjustments forced by the crisis.
Measures like fiscal stimuli, printing money, tax cuts, money in the mail to citizens, cash for clunkers programs are not treatments but giving emergency transfusions to a bleeding patient without stopping the bleeding.
Oil is a vital commodity whose price rise can wreak havoc with economies.
Opec says speculators are responsible for the oil price rises. Not only are speculators present, they are big, backed by borrowed money or money deposited in banks mobilized by feckless banks like Goldman Sachs and Morgan Stanley and they may have even cornered the market, dictating prices.
The right thing to do to safeguard the economy is to swiftly move to ban all speculators from the oil market. Unless you have business buying oil you should be shown the door.
The banks, especially those surviving with public support should have their top staff dismissed and in their place, people who are competent (not only are present CEOs avaricious, they are incompetent even grossly) and have some integrity.
But because these CEOs are cronies of government officials (recently it has come into the open that Henry Paulson as Treasury Secretary, secretly met and gave details of government policy to his mates at Goldman Sachs in Moscow even when he signed agreements not to do so.
The public and policymakers perceive falsely that all the stimulus measures taken are treatments for the crisis, they are not, just stopgap measures to preserve the status quo but there is a limit to stimulus, eg cash for clunkers programs must someday stop and then it is collapse again.
THE REASON FOR THE COLLAPSE IS BECAUSE THE PAST BOOM WAS BASED ON UNSUSTAINABLE UNPRODUCTIVE WASTEFUL CONSUMPTION WHICH MUST INEVITABLY COME TO AN END AND WHEN IT DOES, IT IS RECESSION EVEN DEPRESSION. FURTHER, BECAUSE OF LEVERAGE AND THE MIRAGE OF SOARING STOCK AND PROPERTY PRICES, THERE IS AN ILLUSION OF WEALTH OF PEOPLE AND THE SYSTEM FAR GREATER THAN IT TRULY IS. IF CHINA AND THE REST HAD TAKEN THEIR MONEY OUT OF THE USD, THE US WOULD BE FAR POORER THAN IT PRETENDS TO BE. STILL FURTHER, SURREPTITIOUSLY THERE HAS BEEN A TRANSFER BY HOOK AND CROOK OF MONEY HELD IN BANKS AND PENSION FUNDS THROUGH FRAUDULENT EXCESSIVE PRICED ASSETS LIKE HOUSES AND SHARES FROM THE MANY TO THE FEW AND NOW A LOT OF WEALTH IS IN THE HANDS OF THE FEW WHILST THE MANY DO NOT REALIZE THEIR MONEY IN BANKS, SHARES, PROPERTIES ARE NO LONGER THERE.
EVEN IF MANKIND WERE TO TAKE THE RIGHT ACTIONS, IT MAY BE BEYOND REPAIR.
NOT ONLY IS MANKIND NOT TAKING THE RIGHT ACTIONS THAT SHOULD BE TAKEN TO AMELIORATE CONDITIONS, THEY ARE TAKING WRONG ACTIONS AND THE CROOKS ARE STILL AT IT PLUNDERING THE SYSTEM TO THEIR ADVANTAGE.
If you think mankind is doing meaningful things to redress the economic crisis, you may be right or you perceive falsely that is not harmless but is the way to hell or the animal womb. Mankind is incompetent, ruthless and avaricious far more than people realize.
Going for broke:
The reason why the last boom lasted so long was not because of mankind’s ingenuity or it was based on fundamentals (substance) not style (or hype or crass consumption) but the reason was that mankind with connivance and facilitation of its political leaders and those running the financial system, was going for broke, it extracted the last ounce of juice from the bottle and would not stop until forced by circumstances.
Because mankind went for broke, it means when the break finally comes it would be severe even fatal.
WHAT HAPPENED DURING THE ECONOMIC BOOM WAS GOING FOR BROKE, EVERY MAN FOR HIMSELF, GRAB AS MUCH AS YOU CAN, DON’T CARE WHERE YOUR MONEY COMES FROM, CHEAT, STEAL, SELL OVERPRICED SHARES AND HOUSES TO SUCKERS AND PLUNDER.
IF THIS IS THE CASE, IT IS TO BE EXPECTED THAT THE SAME MINDSET THAT LED TO THIS DEBACLE WILL CONTINUE TO TRY FIND MORE ALCOHOL TO SUSTAIN THE PARTY AND THE END, IF IT IS NOT NOW, THEN LATER WILL BE TOTAL COLLAPSE OR MAYHEM.
So you think mankind understands?
You think mankind understands very well secular, scientific and everyday matters?
You may have false perception because even everyday matters mankind, even those who pride themselves to be very understanding have false and therefore no understanding.
There is definitely an economic and financial crisis engulfing the world today.
You can examine and list all the actions that mankind is taking to redress the crisis.
What you may not realize is that these measures are largely if not totally wrong, even harmful, is barking up the wrong tree.
EVEN IF IT MAY NOT CURE YOU OF ECONOMIC AND FINANCIAL CANCER, THERE ARE DEFINITE MEASURES THAT ARE RIGHT TO TAKE BUT THESE MAY BE COMPLETELY IGNORED BY MANKIND BECAUSE THEY ARE UNPALATABLE AND THEREFORE UNPOPULAR, EVEN THOUGH THE MASSES MAY SUFFER THOSE WHO ARE LOADED ARE STILL DOING QUITE WELL (THANK YOU) AND THEY DO NOT WANT CHANGE AND THEY ARE STILL AT THE HELM OF MATTERS OR PULLING POLITICAL STRINGS BEHIND THE SCENES.
Rechanneling credit not indiscriminate interest rate cuts:
In this crisis where there is a life threatening credit crunch it is not indiscriminate stimulus or government spending or low interest rates that is the answer but credit should be rechanneled, closed for wasteful even harmful pursuits (eg lending money as margin finance to speculators to magnify their bets in oil markets that make oil more expensive) and opened for viable small businesses who will otherwise go broke from lack of finance.
EVEN AT THIS MOMENT WHEN THERE IS A SHORTAGE OF CREDIT, MONEY IS BEING ALLOCATED TO USELESS EVEN HARMFUL VENTURES IN PURSUIT OF PROFITS WHILST ESSENTIAL BUSINESSES MAY BE STARVED OF CREDIT TO DIE AND AGGRAVATE THE DEPRESSION.
YOU THINK MANKIND UNDERSTANDS AND KNOWS WHAT TO DO WITH A FINANCIAL CRISIS. IF MANKIND UNDERSTANDS IT WOULD NOT HAVE COME TO THIS STATE AND IF IT HAS COME TO THIS STATE IT IS IMPOSSIBLE THAT MANKIND HAS THE WISDOM TO STEER HIMSELF OUT OF THE TORRENTS OF A WHIRLPOOL THAT WILL SINK IT.
UK government lying about public debt:
The true public debt in UK is almost 3 times the government figure which reflects that the people at the helm are dishonest. It is impossible that people who are dishonest can understand and so just as they did not understand when they led the nation into calamity, they will not understand as they struggle to extricate the nation out of calamity which means they will lead to nation to disaster if they have not already.
If the UK government will lie about true public liability what are the chances it is also happening here, in China, Japan and US?
National debt 'is rising £700,000 each minute and is almost treble the Government figure'
By Nicola Boden
Last updated at 9:48 AM on 19th October 2009
National debt is rising £700,000 every minute and is almost three times the figure admitted by the Government, according to a study.
The true level of debt is £2,200billion or £36,000 for every man, woman and child in Britain, research for the Centre for Policy Studies claims.
This is nearly treble the official £805billion figure used by the Treasury and equal to a staggering 157 per cent of national output.
Alistair Darling has warned national debt will rise to £1.4trillion over the next few years.
But the new report insists this is far too low and accused the Government of hiding its real scale by omitting massive bills from its figures.
Author, Tory MP Brooks Newmark, claims the 'hidden liabilities' include Private Finance Initiative projects, the banking bailouts and public sector pensions.
His report came as the CBI warned another £120billion needed to be cut from public spending amid fears of a 'VW recession' that will see the economy struggle for years.
PFI projects add at least £139billion, public sector pensions another £1,104billion, the banking rescue £130billion and other liabilities a further £22billion, Mr Newmark says.
Mr Newmark, MP for Braintree in Essex, warns in his book The Hidden Bombshell that these are only 'cautious assumptions' and overall debt could be even higher.
'The truth is the national debt is far higher than the Prime Minister is willing to acknowledge. To continue to ignore this is both economically irresponsible and economic with the truth.'
He adds: 'The Chancellor has called for greater transparency from the banks and corporations. It is time that he applied the same principles to the national finances and end the "Do as I say, not do as I do" culture of this government.'
New borrowing figures out tomorrow are expected to show another £10billion over the past month, taking total borrowing for the year to £80billion.
Public spending has become the key battleground ahead of a general election next year, with a widening divide opening up between Labour and the Tories.
Shadow chancellor George Osborne has outlined plans to save £7billion a year as the Conservatives gamble that voters will repay their brutal honestly.
Labour has steered clear of spelling out such radical measures and Gordon Brown has given a string of policy pledges without saying how they would be funded.
It is feared Britain could lose its Triple A rating if Labour stay in power and does not inspire faith that it will reduce rocketing public finances.
Ratings agency Standard & Poor has already indicated it would downgrade its rating, but backed off - appearing to take into account a likely Tory electoral victory.
Losing the gold plated AAA rating, which Britain has held since 1978, for the first time would be a huge humiliation.
It could drive up the Government's cost of borrowing and prompt foreign investors to dump the pound, as well as push up interest rates.
Standard & Poor has signalled that it will go ahead and downgrade the rating if it is not clear there is political will to tackle the debt.
The CBI organisation for employers said Alistair Darling must set out a clear plan for balancing the public finances by 2015-16 in his Pre-Budget Report next month, two years earlier than planned.
There needs to be an immediate public sector pay freeze, a review of pensions and a clampdown on the sicknote culture, the group said.
Tax cuts:
Tax cuts are one of the answers of many governments throughout the world in response to the economic crisis.
There were tax cuts in the recent Malaysian budget as it is in the German context reported below.
The idea is to release more money for people to spend, to try and spend your way out of trouble.
But as acknowledged below in reference to ballooning deficits, where does the government get money to replace money lost through tax cuts?
The Australian government apparently mailed billions of dollars to tax payers to ward off the recession but all this is coming to an end and it remains to be seen if Australia will belatedly plunge into recession.
UNLESS THE GOVERNMENT HAS A LOT OF SURPLUS MONEY, TAX CUTS ARE DESPERATE MEASURES TO TRY TO SPEND YOUR WAY OUT OF RECESSION TRANSFERRING THE BURDEN TO THE GOVERNMENT WHICH ITSELF MAY BE BANKRUPT.
YOU DON’T SPEND TO SUPPORT THE ECONOMY, YOU SPEND WHEN THERE IS A NEED TO SPEND AND SO TAX CUTS IS A WRONG POPULIST RESPONSE THAT REFLECTS GOVERNMENTS AND ECONOMISTS DO NOT UNDERSTAND THE PROBLEM.
MONEY IS DEAR TO THE HEART OF BEINGS HERE, IF THEY DO NOT UNDERSTAND MATTERS RELATING TO MONEY OR THEY HAVE FALSE UNDERSTANDING THAT TAX CUTS IS THE CURE TO RECESSION, WHAT TRUE UNDERSTANDING CAN THEY HAVE ANYWHERE ELSE?
German coalition agrees tax cut
German Chancellor Angela Merkel's conservatives have sealed a coalition deal with the Free Democrats (FDP) based on major tax cut plans.
Income taxes will be slashed by 24bn euros ($36bn, £22bn) starting in 2011, according to the coalition agreement.
Offering tax relief while balancing the country's ballooning deficit was the main sticking point for the two sides, as Germany struggles with its most severe recession since World War II.
RPK’s delusion:
Dr M: An administration led by Muslims must be guided by Islamic values and be fair in all matters, free from corruption, respect laws and show concern for all communities, said former prime minister Tun Dr Mahathir Mohamad.
As such, he said, having a good administration when in power was important to ensure Islam grew well and non-Muslims did not keep away from Muslims.
RPK: I, however, am inclined to agree with what Mahathir says. What he said holds a lot of truth, even if you may dislike or hate the man. And I would rather focus on what he says and agree or disagree with him based on that.
Dr M does not practice what he preaches. When he was in power, he was ruthless, especially when his tenure was in danger and even now, despite such nice sounding words, if he was in power he would pay lip service to what he says, because he has not changed at all.
As Jesus said, a bad tree can never produce good fruit and if you believe good can come out of Dr M you are deluded and implying Jesus is wrong and you are right.
NO GOOD CAN EVER COME OUT OF DR M, WHATEVER FINANCIAL GAINS HE GAVE TO YOU ARE FOOD THAT DOES NOT LAST, EVEN EVIL AND IT CAME OUT OF THE NATION’S WEALTH NOT HIS POCKET WHILST HE ACTUALLY POCKETTED A LOT IN THE PROCESS AND SO ANYONE WHO BELIEVES WHAT DR M SAID IS RIGHT, ‘COME ON, BE FAIR TO HIM’ IS DELUDED.
THE PRESENT STATE OF ABUSE OF LAWS STARTED WITH HIM, HE SET THE EXAMPLES FOR OTHERS TO FOLLOW AND SO IT IS ‘VERY RICH’ FOR HIM TO PREACH RESPECT FOR THE LAW.
Why US must export for free for a very long time:
Before the US can export itself out of trouble or recession it must export for free for a very long time to repay its mountain of debts.
Reflecting their naivety or lack of understanding in economic matters, economists, pundits & officials talk and mislead others about the hope that the US will export itself out of trouble, receipts from exports and the work that manufacture for exports entails will pull the US out of recession.
Exports may provide a source of work for Americans but there will not be receipts to boost the economy for a long time, why is that so?
When a man is in debt and he has no money to pay then he must work to pay back or work in lieu of payment and so he gets nothing for his work or products which are a form of payment to discharge his debts and so for the US and ‘experts’ to expect payment for US exports reflects a lack of understanding not just here but everywhere else they think they understand but they don’t or have false understanding.
It would be a different thing if the US owed China (principal creditor), Japan, oil producers and many other countries a lot of money and the money is unused, stashed in those country that the US can now export to earn or win back those money that they can then use to boost spending in the US economy.
But the money owed to these nations was kept in the US and has been frivolously, profligately lent out and those borrowers (eg mortgagees, credit card debtors) now cannot pay and so even if other nations increased their demand for US exports, even if those exports provide employment in the US, the US will not receive any payment (also known as working for free) because the nations who bought US goods can draw down their debts owed by the US in lieu of paying for goods they receive. Because the US has a mountain of debt with many nations of the world, it will take a long time of furious exports but with no payment received before it can whittle down its debts with others, such is the folly of owing others money.
It is easy to get into debt, just go out and sign to buy a $1 million dollar Ferrari (if they let you and this has happened in recent times, even today in Malaysia you can pay $5,000 and move into an expensive house), but repaying debt is difficult even impossible and on top of your debt there is interest to service. It is estimated that soon the US will consume 15% of its revenues just to service interest on its debts and you have misguided economists like Krugman who ‘pooh poohs’ opposition to government deficit spending to stimulate the economy as manageable and a lesser evil compared to mass unemployment and social breakdown.
THUS ANYONE WHO SPEAKS OF THE US WITH THE AID OF A CHEAP DOLLAR EXPORTING ITSELF OUT OF TROUBLE IS MISGUIDED, MISLEADING OTHERS AND DELUSIONAL.
BECAUSE THE US OWES THE WORLD A LOT OF MONEY AND THE MONEY HAS NOT ONLY BEEN KEPT IN THE US BUT IT HAS BEEN LENT RECKLESSLY NEVER TO RETURN (AND INTEREST ON THOSE DEBTS KEEP ACCRUING), THE US WILL RECEIVE NO PAYMENT FOR ITS EXPORTS FOR A VERY LONG TIME, WHATEVER VALUE OF THOSE EXPORTS WILL BE DEDUCTED FROM THE MOUNTAIN OF DEBT THE US OWES THESE NATIONS AND SO WHILST EXPORTING MAY SUPPLY EMPLOYMENT FOR US CITIZENS, THEY WILL WORK FOR FREE TO ERASE THOSE DEBTS (PLUS INTEREST).
Without the illusory rich uncle Sam importing goods from the world using money it prints, the world’s demand for consumer goods may be much less. Now that the US is in trouble, its consumers full of debts and unable to spend, the US government and world governments have stepped in with deficit spending, they have no money but they again borrow from the future to spend hoping others will finance them but now that the US’ appetite for imports is down, the world may not have the means to finance their purchase of US exports whilst those countries owed a lot by the US will just use US exports to cancel the debts owed them by the US so the US will export for free to work off its debts.
THUS US WORKERS MAY WORK THEIR HEARTS OUT CHURNING OUT EXPORTS BUT THERE WILL BE NO REAL OR NETT MONEY COMING IN BECAUSE THEY OWE A LOT OF MONEY TO CREDITORS AND THEIR GOVERNMENT OWES THESE COUNTRIES RECEIVING EXPORTS A LOT OF MONEY THAT CAN BE USED TO PAY FOR US EXPORTS.
(Name me one economist who has pointed what I point out above. I am not even a trained economist, let alone expert yet I can reason out economic matters better than many so called experts. Anyone who hopes that exports will pull the US out of trouble has false logic).
US CONSUMERS ARE IN BIG TROUBLE, BURDENED BY BIG DEBTS AND THE FINANCIAL SYSTEM THROUGH PLUNDER & RECKLESS LENDING IS BROKE SO THE PIPE OF CREDIT IS REDUCED TO A TRICKLE.
THE GOVERNMENTS STEP IN WITH DEFICIT SPENDING, HOPING THAT INVESTORS AND OTHER NATIONS IN THE WORLD WILL FINANCE THEIR DEFICITS BUT IF EVERYONE HAS THE SAME IDEA, WHO IS GOING TO BE THE LENDERS? THESE CAN BE COUNTRIES WITH SURPLUSES LIKE CHINA OR THE MANY CORRUPTED CROOKS WHO HAVE SIPHONED MONEY OUT OF THE SYSTEM (LIKE MALAYSIAN DEVELOPERS AND POLITICIANS LIKE SUHARTO) BUT IF CHINA’S & OIL RICH NATIONS’ SURPLUSES ARE NOT THERE, LENT TO THE US AND SPENT, THE WORLD MAY BE RUNNING ON EMPTY TANK.
ONE HOPE IS THAT THE US WILL EXPORT ITSELF OUT OF TROUBLE BUT BEFORE IT CAN DO THAT IT MUST EXPORT FOR FREE TO PAY OFF ITS DEBTS.
If you owe me a lot of money:
If you owe me a lot of money, it would be silly of me to pay you for whatever goods you supply me.
The obvious thing to do is to deduct the value of goods I received from the sum you owe me and so you will receive nothing for your goods and services and so you must work poverty stricken just to discharge your debts.
THUS THOSE WHO THINK THE US CAN EXPORT ITSELF OUT OF TROUBLE ARE GUILTY OF A FUNDAMENTAL FAUX PAS, THE EXPORTS WILL GO IN REPAYMENT FOR DEBTS THE US ALREADY OWE AND WILL BE DEDUCTED FROM THOSE DEBTS AND THE US WILL WORK FOR FREE. WORKING FOR FREE, THE US WILL BE IMPOVERISHED WITH LITTLE TO SPEND AND THE ECONOMY WILL REMAIN MORIBUND. THIS IS THE PENANCE FOR SINS OF THE PAST, THE PROFLIGACY OF SPENDING AND LIVING BEYOND YOUR MEANS AS IF THERE IS NO TOMORROW.
Surpluses in theory not practice:
Countries that have surpluses eg China, Japan, many Asian countries and oil exporters may be surpluses in theory only because in practice their surpluses have already been spent because it was kept in the US and the reckless Uncle Sam has spent it all.
China and even Japan itself may be in deficit, there may be serious bad debts from corruption, non performing loans and wastage. The burden from the asset bubbles of the 1980s still hang over Japan.
And so where has the money gone? Who holds the surpluses?
The people who now hold the surpluses are the few filthily rich who have milked the system like politicians and their cronies, mafia types, stars, sportsmen and musicians, dealers and wheelers on Wall Street, investment banking giants like Goldman Sachs who have plundered and continue to plunder (eg oil trading), housing developers, big companies like Microsoft and many others.
These have cornered a big slice of the wealth by hook or crook such that the many are saddled with debts or their savings have been lent and therefore lost by feckless banks in search for profits. And these filthily rich few are not satisfied, their money are trawling around the world in hedge funds looking for killings, opportunities for quick big gains at the expense of the many.
IN TRUTH A LOT OF THE MONEY IN THE PAST WAS NEVER THERE, IT WAS A MIRAGE OR PIE IN THE SKY CREATED BY OVERVALUED STOCKS AND PROPERTIES BUT WHATEVER WEALTH THERE WAS HAD BEEN SURRPETITIOUSLY TRANSFERRED FROM THE MANY TO THE FEW BY SELLING THE FOOLISH OVERPRICED SHARES AND HOUSES AND MOBILZING THE SAVINGS OF THE MANY IN BANKS TO FINANCE THESE AND NOW THE MONEY HAS SHIFTED FROM THE MANY TO THE FEW WHO WILL NOT RETURN THE MONEY TO THE SYSTEM AND SO IT IS HEADED FOR A CRASH IN WHICH EVERYONE GETS KILLED, INCLUDING THE FILTHILY RICH.
If you run into debts the US or hedge funds will undermine you:
If a nation (eg Thailand, Malaysia) is foolish enough to run up foreign debts in US currency then there may be a run on your currency, short sellers may sell your currency to push down the value of your currency such that an already burdensome debt becomes unserviceable because it takes more of your currency to buy USD to repay your debts.
The story is different for the US, it can run up big debts with seeming impunity because it owes in USD and pays in USD that it prints.
But the big bully does not realize there is a day of reckoning that is postponed when the one who hounds becomes the hounded as it is coming to be.
The US can choose to default or refuse to pay its debts but that would mean all further credit will be suspended and there may be mayhem.
Delaying & exacerbating final reckoning:
The actions of governments all over the world can be summed up as delaying (by fiscal stimulus, deficit financing by borrowing from markets and printing money) the reckoning and worsening the reckoning when it finally comes because debts keep piling up higher and therefore more woeful than it would be if meaningful actions are taken to redress the problem.
It is like the alcoholic has run out of drink and he is searching high and low for more alcohol and is now scrounging for more here and there. But sooner or later he will run out of alcohol and by then he will be even more alcoholic than now with even more painful withdrawal.
THE WORLD DOES NOT UNDERSTAND THE FINANCIAL AND ECONOMIC PROBLEMS IT FACES AND ITS ACTIONS BASED ON WRONG UNDERSTANDING IS TO ONLY DELAY THE RECKONING HOPING IT WILL SOMEHOW RECOVER (IT WON’T) AND THIS WILL EXACERBATE THE FINAL RECKONING WHEN IT COMES.
Come home RPK, says friend
PETALING JAYA: Raja Petra Kamaruddin’s close college mate has urged him to come home to answer charges against him and to allow the law to run its course.
With friends like this, who needs enemies?
This is another fool putting his head unnecessarily on the chopping board.
What RPK does is none of others’ business.
If he were to listen to your advice and suffer, you have karma far more painful and everlasting than you dream.
Further if he has hidden motives eg to lure him back, that will be even greater karma for ill will.
A financial crisis leading to an economic crisis:
The current crisis engulfing the world is a combined financial and economic crisis. It started off as a financial crisis (shortage of money) with rumblings of insolvency in a few big US mortgage lenders and Northern Rock in UK leading to the collapse first of Bears & Sterns and then the larger Lehman Brothers that was rumoured to have brought the financial system to near implosion that inevitably and naturally spilled over to affect the economy because of a credit crunch leading to rapidly rising unemployment, closed factories and reduced consumption.
AND SO THIS IS PRIMARILY A FINANCIAL CRISIS THAT LED ‘KNOCK ON’ TO AN ECONOMIC CRISIS WHOSE SEVERITY AND RAPIDITY OF COLLAPSE FEW GOATS DREAMT OF.
It was as if a reservoir previously full of water (money) where all kinds of animals could come for a drink has suddenly become near empty, not enough to supply the many, the water or money must have been drained or siphoned by someone or drained somewhere.
So what happened?
One way to look at it is that the crooks in high places kept plundering, draining the water from the reservoir (for their own use) thinking it is bottomless and no one will notice the loss but it was not bottomless and as big as it was, a time will come and it came when the water left in that reservoir was insufficient to meet demands and this supply imbalance became too big to ignore.
Another way of looking at it was that in the distant past, there were many with a little wealth each and their combined spending kept the economy humming. In recent times there has been a relentless transfer of wealth by hook or crook from the many to the few such that increasingly there are the few who were so filthily rich no amount of spending by them could keep the economy alive let alone stimulate it and the many who became increasingly poor or indebted that they could not spend or had to curtail their spending to the detriment of the economy.
THUS THE WORLD ECONOMY IS IN A DEADLOCK WITH THE FEW WHO HAVE STOLEN OR PLUNDERED OR UNRIGHTEOUSLY GAINED OR MONOPOLIZED A DESTABILISING LARGE CHUNK OF THE WEALTH WHO CAN NEVER SPEND ENOUGH TO KEEP THE WORLD ECONOMY HUMMING AND THE MANY WHO ARE NOW INDEBTED OR THEIR SAVINGS (EG IN BANKS) STOLEN OR RECKLESSLY LENT OUT NEVER TO RETURN BY BANKERS (WHO SHOULD ALL BE LINED UP AND SHOT BY FIRING SQUADS BUT INSTEAD ARE ALLOWED TO REWARD THEMSELVES WITH ABOMINABLE FAT BONUSES) WHO NOW HAVE LITTLE MONEY TO SPEND SO THAT THE ECONOMY IS SPLUTTERING. THESE FAT GOATS ARE NEVER GOING TO RETURN THEIR ILL GOTTEN MONEY AND THEY HAVE PROTECTORS IN HIGH PLACES AND SO IT IS A DEADLOCK THAT LEADS TO INCREASINGLY DIRE CONDITIONS.
Money or wealth can be caused to shift fairly (rare) or foul (very common) from the many to the few in more ways than you realize.
What are the ways by which money can flow from the many to the few?
1) Sell them goods they desire like stocks or shares and properties at prices much higher than they are worth.
2) Overcharge and monopolize your business like Bill Gates who charges exorbitantly for Microsoft software and ruthlessly eliminate his rivals.
3) Corruption by politicians and their cronies is far more extensive and ‘expensive’, incurs great losses for the public than meets the eyes. Suharto and many politicians in Malaysia are reputed to be worth billions and their money must come from somewhere, from the common pool that would otherwise be available for everyone.
4) Milk the public through eg paying exorbitant toll for use of highways, charging excessively for built highways and underpaying taxes for their profits.
5) Speculating eg in oil to push up oil prices for fat profits without work but the burden is on consumers who have to pay more for oil that they pocket.
6) Recklessly lending the money deposited in financial institutions to finance property and shares and causes the money to be transferred to the few at the expense of savers who do not realize their money is gone.
7) The USD as reserve currency too is a means of transferring the wealth of the world to the few (US). Whenever you swap or buy USD you must give the US an equivalent asset for a piece of paper that is intrinsically worthless and thus obtaining your assets, the US can live way beyond its means. When nations buy USD to pay for oil, they are in effect transferring their wealth to USD for the US to use until, if ever oil producers redeem or claim that wealth.
8) CEOs, sportsmen, musicians, actors, lawyers and doctors rewarding themselves with pay and bonuses far greater than they are worth is also a way of milking the system that has the net effect of transferring wealth from the masses to the few.
THERE WERE ASSET BUBBLES, INITIALLY STOCKS THEN PROPERTY THEN COMMODITIES THAT ARE VIRTUAL, IT CREATES THE ILLUSION OF MORE WEALTH IN THE SYSTEM THAN THERE ACTUALLY IS AND THIS ILLUSORY WEALTH VANISHES WHEN THE BALLOON IS PUNCTURED. THE STOCK MARKET AND EVEN PROPERTY BALLOONS HAVE NOT BEEN PUNCTURED YET AND WHEN THEY ARE, EVEN WORST MAY BE IN STORE.
APART FROM THESE MIRAGES OF WEALTH, THERE NEVERTHELESS WAS WEALTH IN THE SYSTEM AND IT IS THIS WEALTH THAT HAS BEEN INEXORABLY TRANSFERRED BY HOOK OR CROOK FROM THE MANY (EITHER THOSE WHO SPENT OR WHOSE SAVINGS WERE STOLEN BY BEING LENT RECKLESSLY) TO THE FEW SUCH THAT IT HAS NOW REACHED A DESTABILIZING OR LOPSIDED STATE WHEREIN THE EDIFICE WILL TOPPLE OVER.
IT WAS A FINANCIAL CRISIS THAT LED SWIFTLY TO AN ECONOMIC CRISIS WITH JOBLESSNESS, CLOSED FACTORIES AND REDUCED CONSUMPTION BUT THE FINANCIAL CRISIS IS THE CULMINATION OF THE RELENTLESS PLUNDER UNTIL THE VAST BIG RESERVOIR WAS NEAR EMPTY AND GOVERNMENTS HAD TO PUMP MORE WATER IN OR PRINT MORE MONEY.
Obama: 'I may be skinny but I'm tough'
MIAMI (Reuters) - President Barack Obama had a message for his political friends and foes on Monday -- "just because I'm skinny doesn't mean I'm not tough."
This is the view of someone who is deluded and has false perception.
It implies that being skinny is bad or negative and being fat or muscular is good or desirable and toughness is meaningful and admirable.
There nothing intrinsically meaningless or bad about being skinny and so he is barking up the wrong tree that reflects his foolishness to perceive skinniness as undesirable.
Toughness is meaningless, it is based on force, how you use force to be tough, without using force you cannot be tough. Being tough is always suffering, it means you use force to resist force and overcome force and you are man of force not reason.
OBVIOUSLY OBAMA WORSHIPS TOUGHNESS AS A VIRTUE WHEN IT IS A SIN, IT IS SUFFERING AND REQUIRES USE OF FORCE THAT LEADS TO SUFFERING FOR SELF AND OTHERS. IF YOU ARE TOUGH YOU WILL RADIATE TOUGHNESS TO THOSE WHO INTERACT WITH YOU AND THAT IS SUFFERING AND YOU HAVE DEBTS NOT MERIT.
THUS YOU HAVE A SERIOUSLY DELUDED MAN LEADING THE USA.
(Further he is generating conflict in himself and others by conjuring apparent conflict, skinny which is bad versus tough which is good)
The Buddha: It is impossible to sin and not suffer:
It does not matter whether you perceive your conduct as blameless or good, if you sin you must suffer, if you never sinned it is impossible that you should suffer.
It is impossible that two rightfully Enlightened Ones should be born in the same world element at one and same time. It is possible that a single rightfully Enlightened One should be born in the world element at one time. It is impossible that two Universal Monarches (The Father) should be born in the same world element at one and same time. It is possible that a single Universal Monarch should be born in the world element at one time. It is impossible that a woman should be the perfect rightfully Enlightened One. It is possible that a man should be the perfect rightfully Enlightened One. It is impossible that a woman should be the Universal Monarch It is possible that a man should be the Universal Monarch. It is impossible that a woman should be the King of Gods. It is possible that a man should be the King of Gods. It is impossible that a woman should be the King of Death (Satan). It is possible that a man should be the King of Death. It is impossible that a woman should be Brahmà (Higher formless state of existence). It is possible that a man should be Brahmà . It is impossible that bodily misconduct should give birth to welcome pleasant results. It is possible that bodily misconduct should . give birth to unwelcome unpleasant results. It is impossible that vebal misconduct, ... re ... . mental misconduct should . give birth to welcome pleasant results. It is possible that verbal misconduct, re ... mental misconduct should . give birth to unwelcome unpleasant results. It is impossible that bodily good conduct should . give birth to unwelcome unpleasant results. It is possible that bodily good conduct should . give birth to welcome pleasant results. It is impossible that vebal good conduct, ... re ... . mental good conduct should . give birth to unwelcome unpleasant results. It is possible that verbal good conduct, re ... mental good conduct should . give birth to welcome pleasant results. It is impossible that one misconducting bodily, originating from that, on account of that should be born in heaven, in a higher state after death. It is possible that one misconductingbodily, originating from that, on account of that should be born in hell in a lower state after death. It is impossible that one misconducting verbally, ... re ... mentally, originating from that, on account of that should be born in heaven in a higher state after death. It is possible that one misconducting verbally, ... re. üentally, originating from that, on account of that should be born in hell in a lower state after death. It is impossible that one well conducted bodily, originating from that, on account of that should be born in hell in a lower state after death. It is possible that one well conducted bodily, originating from that, on account of that should be born in heaven in a higher state after death. It is impossible that one well conducted verbally, ... re ... mentally, originating from that, on account of that should be born in hell, in a lower state after death. It is possible that one well conducted verbally, ... re. üentally, originating from that, on account of that should be born in heaven, in a higher state after death.
Obama: I may be bad but I am bad:
Because toughness is not a virtue but vice and skinniness is perceived by him to be bad when it is neither good nor bad, what Obama does not realize is that he is speaking nonsense when saying “I may be skinny but I am tough” because he is in reality saying “I may be bad (skinny) but I am bad (tough).
IT IS FALSE PERCEPTION TO PERCEIVE SKINNINESS AS BAD OR UNDESIRABLE (AND MUSCULAR AS DESIRABLE) AND TOUGHNESS AS A VIRTUE WHEN IT IS A VICE.
THUS JUST LIKE ALL EMOTIONAL PEOPLE IN THIS WORLD, OBAMA PERCEIVES BUT HE PERCEIVES FALSELY AS A RESULT OF WHICH HE UNDERSTANDS FALSELY AND THEREFORE DOES NOT UNDERSTAND NOT JUST HERE BUT IN MANY PLACES HE THINKS HE UNDERSTANDS WHEN HE DOES NOT. FURTHER HIS UNDERSTANDINGS ARE ALSO REHASHED, STANDARDIZED UNDERSTANDINGS THAT ARE MEMORIZED AND RETRIEVED TO BE APPLIED TO AND EXPLAIN EVENTS THAT SUBSEQUENTLY OCCUR. STANDARDIZED APPLIED EXPLANATIONS CAN NEVER FIT A SITUATION PERFECTLY WHICH MAY BE VERY DIFFERENT FROM THAT REHASHED UNDERSTANDING.
THE PERSON OF TRUE UNDERSTANDING SEES ALL THE STRANDS OF THE CURRENT SITUATION AND BASED ON THOSE STRANDS HE UNDERSTANDS THE SITUATION SPECIFIC TO THAT OCCASION.
Japan not US can export out of trouble:
After the debacle of the collapse of the stock and property market of the 1980s (it was said the emperor’s palace was worth more than all the land in California), there was a slump in domestic consumption and Japan basically (with some success) exported itself out of trouble because it did not owe major creditors money and there was a gluttonous importer using money it prints in the US to receive those goods. Even then it did not lead to a full recovery because that is impossible as the past boom was a delusional abuse & hype not productive or based on reality and a lot of the receipts earned from those exports were not repatriated on fears of causing the yen to rise.
JAPAN COULD EXPORT ITSELF OUT OF TROUBLE BECAUSE IT DID NOT OWE EXTERNAL TRADING PARTNERS ANYTHING BUT EVEN THEN THERE COULD NEVER BE A FULL RECOVERY TO THE PAST BOOM WHICH WAS BASED ON DELUSIONS ABOUT THE LIMITLESS MIGHT OF JAPAN LEADING TO SOARING NIKKEI AND PROPERTY PRICES.
BY CONTRAST, THE US OWES ITS MAJOR TRADING PARTNERS A LOT AND SO FUTURE EXPORTS MUST GO TO THE REPAYMENT FOR THOSE DEBTS AND SO IT WILL GET NO PAY FOR THOSE EXPORTS AND WITHOUT THAT PAYMENT IT WILL REMAIN IMPOVERISHED. EVEN IF THE US COULD EXPORT ITSELF OUT OF TROUBLE BECAUSE THE PAST BOOM WAS BASED ON DELUSIONAL EXCESSES, THERE CAN NEVER BE A FULL REVERSION TO THE PAST EXCESSES AND THEREFORE NEVER A FULL RECOVERY.
THUS THE US IS IN CHECKMATE. IT CANNOT EXPORT ITSELF OUT OF TROUBLE BECAUSE IT HAS MANY DEBTS TO PAY AND ITS CONSUMERS ARE NOW SADDLED WITH MUCH DEBT AND EVEN FACING BANKRUPTCY. THE ONLY OTHER AVENUE IS THE GOVERNMENT AND IT TOO WAS LIVING BEYOND ITS MEANS AND DROWNING IN DEBT.
YOU CAN TRY TO PRINT MONEY AND BORROW MONEY TO SPEND OUT OF TROUBLE BUT THAT IS ABSURD, IT IS DIGGING A BIGGER HOLE THAN THE ONE YOU ARE NOW IN.
Hubris, first Japan then US, now China?
There was a time in the 1980s when they spoke of the Japanese juggernaut, Japan Inc and it was going to sweep all before it and replace America as the dominant economic power of the world. Then they fell with a mighty thud and US emerged and said they were different, they were made from sterner stuff, America was a superior model and now America is cowering with its tail tucked between its hind legs.
Still mankind’s folly knows no bound and now China is touted as the next saviour.
Skinny is false and derogatory:
Skinny is false because the thin person is not just skin but there is some fat, muscle and bone. The falsity is intended to be derogatory, to cast thinness as unattractive or bad. Thus whenever a person uses the term ‘skinny’ instead of the true and proper ‘thin’ or ‘slim’ he is conveying emotion, a proxy of force to cast negative aspersions on the person the epithet is applied to.
Poor boy we’ll be rich man after all:
The person who has lost his lover is not poor but sad and it is not an accident he calls the person ‘boy’ instead of ‘man’ but here again there are connotations of condescending pity (a vice not virtue).
Speaking correctly one should say ‘sad man we’ll be happy men after all’ (when another girl is met).
Why the US is a dead man walking:
There are those who tout that the discovery of the next ‘killer app’ or desirable product eg a revolutionary invention like the car or computer or green technology will boost demand and be the catalyst for a revival of the US economy just as wartime production spurred a boom that finally pulled the US out of the 1930s depression. Perhaps even another world war might boost production to pull the US out of recession.
But it may be a folly to compare now and the 1930’s. In the 1930s, the earth and society may be in adolescence and after a severe body blow the earth and people had reserve capacity to regenerate and grow even more. Today the earth and society may be matured, even aging, absorption of the shock may be poorer and so is recovery.
There may be new inventions comparable to the computer or TV or car waiting to be invented but if the people are saddled with serious debts then even if they desired to buy one their ability to do so may be muted and thus the economy will receive little boost even with the discovery of some ‘killer’ new consumer device.
NOTWITHSTANDING WHATEVER MOST DESIRABLE AND NEEDED CONSUMER DEVICE COMES TO THE MARKET, IF THE POPULATION IS POVERTY STRICKEN, ITS DEMAND WILL BE MUTED. WHEN THE MOTOR CAR FIRST APPEARED, MANY WOULD LIKE ONE BUT FEW COULD AFFORD IT. SIMILARLY TODAY, DESPITE THE PROPERTY CRASH, EVEN THE BEGGAR WOULD LIKE TO LIVE IN A NICE HOUSE, BUT CAN HE AFFORD IT?
Thus unless the debts of the people who have spent foolishly on overpriced products that are now worth much less (houses) or perished (eg consumer appliances) can magically disappear, the people will have seriously impaired spending power that will be an impediment to the success of any invented new consumer desirable. Even if their debts are forgiven, the lenders whose money they borrowed will sustain losses that must be repaired or will impair their spending.
THE EARTH AND SOCIETY TODAY MAY HAVE MATURED OR HAVE LIMITED REGENERATIVE POWERS COMPARED TO THE 1930S WHEN THE US ECONOMY SPRANG INTO LIFE WITH WARTIME FULL SPEED PRODUCTION.
UNLESS DEBT RIDDEN CONSUMERS ARE FORGIVEN THEIR DEBTS AND HAVE EMPLOYMENT, THEY WILL NOT HAVE THE MEANS TO BUY A CONSUMMABLE PRODUCT HOWEVER DESIRABLE IT IS AND EVEN IF THEIR DEBTS ARE FORGIVEN, THE LENDERS MUST BEAR THE LOSSES OF THE FORGIVEN DEBTS.
AND SO IT MAY BE THAT THERE IS NO WAY OUT, NOT BY EXPORTING OR A NEW WORLD WAR TO SPUR PRODUCTION OR A NEW PRODUCT THAT WILL SPUR DEMAND. YES THERE MAY BE DEMAND BUT WILL THERE BE MONEY TO BACK THAT DEMAND? PUBLIC SPENDING IN LIEU OF THE SICK CONSUMER CAN ONLY DO SO MUCH (CUSHION THE FALL) AND PUBLIC FINANCES ARE ACTUALLY QUITE SICK THEMSELVES.
Unsustainable:
Consider the astronomical salaries of sports stars, singers, bankers, professionals like doctors and lawyers earn. Even the cost of labour for ordinary people is quite exorbitant it deters employers from hiring. Nowadays there are so many hangers on, you need advisers for this and that, insurance for this and that, cover yourself against litigation, etc that the cost of employing someone is great.
A lot of people want good pay but their attitude to work is poor or indifferent.
If their salaries were to be lowered considerably more people could be employed.
ALMOST FROM TOP TO BOTTOM, THE SALARIES OF PEOPLE ARE BLOATED, ESPECIALLY AT THE TOP AND THIS HAS THE EFFECT OF PRICING MANY PEOPLE OUT OF THE JOB MARKET. AS A RESULT OF THIS UNEMPLOYMENT CONSUMPTION WILL SUFFER AS ONLY THE RELATIVELY PRIVILEGED FEW CAN AFFORD TO CONSUME.
BEARING IN MIND THAT A LOT EVEN DESTABILISING WEALTH IS NOW SEQUESTERED IN THE HANDS OF A FEW THROUGH THEIR CROOKED MEANS, INCREASINGLY CONSUMPTION IS IN THE HANDS OF THE FEW WHO, NO MATTER HOW MUCH THEY SPEND, CAN NEVER STIMULATE THE ECONOMY AS MUCH AS IF EVERYONE WAS EMPLOYED AND RECEIVING A DECENT BUT NOT EXCESSIVE PAY.
IT IS THIS INCOME IMBALANCE & UNEMPLOYMENT THAT SHOULD BE ADDRESSED, NOT EXPORTING OUT OF TROUBLE OR FINDING NEW CONSUMABLE DESIRABLES.
Windows feedback from billions of customers?
Quote: Windows 7 aims to improve on its predecessor Vista by simplifying everyday tasks after listening to feedback from billions of customers around the world.
It is not possible that billions could have fed back to Microsoft and so it is falsifying to exaggerate and you trust whatever he may write at your own risk because he is not a reliable person regarding truth.
EXAGGERATION COMES FROM AN URGE SO THAT WHATEVER A PERSON WANTS TO SAY OR DO, HE HAS AN URGE TO EXAGGERATE IT.
