money & work

The deregulated financial system was a neo-conservative accident
waiting to happen, a 21st century version of the South Sea Bubble. The
last 2 decades have been boom times, when banksters, (a neologism to
cover banks and other lending institutions) were making aggressive
loans to everyone, because loans meant interest meant profit. Drunk
with greed, they loaned without making sound judgments about the
ability of the debtor to pay, and without regard for the amounts of
capital their company actually held. Obscure high falutin financial
instruments were created, essentially bets on future prices. Little
criticism came from the media, mainly because nobody understood what
was happening, although Warren Buffet, who did, said "Derivatives are
financial weapons of mass destruction". Treasury Ministers should have
taken notice.

OK, it takes two to tango. People wanted fat cars and went asking for a loan. People wanted to buy a house (especially since they were going up in value so rapidly) so they took out a mortgage. But the banksters were undoubtedly aggressive in their offers of loans, because the profit in banking comes from making loans, not in accepting deposits. 

So we are now facing a financial implosion, a bursting of the easy
credit bubble. It is likely to be a mother, because of globalisation of
the financial markets, because of recent rises in oil and food prices,
because of climate change (the cost of hurricanes come back to the
insurance market, and UK plc is heavily into insurance) because of Peak
Oil, and because of Cilmate change.

So this is unlikely to be a little 2-year blip.

Luckily we have the Green New Deal to offer as a remedy for the desperate situation of unemployment, poverty and financial paralysis that is likely to ensue.

The Green Wage Subsidy should form a part of this Green Keynesianism.

Local groups can form Time Bank (LETS) groups.

So there is a way out of this mess. But it is going to take a revolution in our thinkingConfused? Things will get clearer as the recession gets worse.

At what point does the price of gas have a serious impact on your lifestyle? Gasoline prices are hovering around $1.17 a litre ($4.43 gallon) at the local stations, and apparently are expected to go only higher, what point does this hit you hard financially, or has it already? I changed jobs last year to take a job closer to home and I now take the local transit or ride my bike as my commute is now only 10 to 15 minutes and though my wife works at the local hospital which is about a km away she first has to drive our son to his school which is a 30 minute drive each way. Next year we are transferring him a local school just down the street (not due to fuel prices) so our everyday driving will be minimal, yet we still drive quite often on the weekends going on day or weekend trips such as camping, going to the beach, driving to the local attractions (we just spent the weekend at the Wolf Lodge in Niagara Falls) so our gas bill will always hover around the price of a full tank of gasoline.

Watching the Dinosaurs Fall
By David Glenn Cox
The motivation for this comes from an article written by Martin Wolf of the Financial Times and he told the truth, mainly. I won’t dispute a single fact or figure but in his article, “America’s economy risks mother of all meltdowns” he comes to us as a prognosticator, predicting the future of the things that will be.

Economy, Banking, Credit Cards And Usury :

Modern world recognize and use two sciences: mathematic and economy.
Long time ago, Albert Einstein said:
"The hardest thing in the world to understand is the income tax.
" For every action there is an equal but opposite reaction.
Interpretation of Einstein law is very simple:
Unfortunately, one of our two sciences is guilty for the worst crimes ever committed.

In simple terms the new money comes into circulation through the banking system, issued as a debt to the banking system.
This money is created out of thin air and is backed by nothing.

Prescriptions for the Redistribution of Wealth and Responsibility in the Twenty-First Century
http://www.indymedia.org.uk/en/2007/12/388245.html

Modernity has given us a de-divinized public order. It has suppressed the truth of the Soul for the harmony of the City. It has reduced the mandate of Divine Vicegerency to a commitment to civil morality. Our civilization no longer represents any cosmic truth, it partakes of no transcendent order of being and recognizes no human purpose beyond existence. Indeed, by redefining the End (eschation/Akhira) as an immanent order of society, modernity has abolished quest for transcendence from public order altogether. In place of the bliss of the soul, it offers peace in the city, and for the mystery of the Here-after, it substitutes the promise of the Here-now.

Why the U.S. Tests Few Chinese Imports Joel S. Hirschhorn Massive amounts of Chinese imports are threatening public health and safety. Many food and consumer products pose risks. Lead in children’s toys and jewelry. Toxins in foods for pets and humans, and in toothpaste. Unsafe automobile tires. Many prescription drugs made with few safeguards. The list is endless. The federal government is not safeguarding American citizens through thorough testing of imports. Why? Simple: The Chinese have us by our budget-deficit balls. Our government depends on China for loaning us money and for not dumping the vast hoard of over one trillion dollars it has accumulated by financing our huge deficits and selling us virtually everything. Dumping dollars is called the Chinese economic nuclear option. They can wreck the American economy any time they want. America is being held hostage because of our government’s disastrous fiscal and trade policies. And, yes, all this middle-class-killing free trade globalization favors corporate interests.

This is not an advert!! That'll do it. That's a good name for my Credit Card Business. Isn't it great, we are all courted and highly valued by so many Companies. They write to us all the time. They want to confirm how upstanding and absolutely top notch we are by offering us their credit card. We feel gratified by the offer alone, it implies status, that all-important thing to which we are all aspire. It looks like a good thing so I'll jump on the bandwagon. For my Credit Card Company I did consider. 'The Workers Plywood Card.' or 'Hard-Up Imitation Vinyl Card.' but decided against. I also considered the silly names that one would think had no chance at all, but of course one would be wrong. 'Put it on my Goldfish' is not a joke at the expense of fish or shop assistants. It's as successful as Billy Connolly.

Hello, I wanted to get different viewpoints / perspectives on 10 slides: ' Brief Analysis and Generalisation of Closed-Source Software Business Model to All Maximum-Profit Based Businesses ' url: http://logo3dforkids.sphosting.com/slide1.html Thanks, Masi

« Human beings are using technological progress to benefit their greed, with the risk of destroying the very basis of their existence on earth. This is why technological progress is not truly progress. Of course it is really quite something to be able to send craft into space and to other planets. But at the end of the day, what is the purpose of all this? To exploit the resources and cause the same damage as here on earth? To fight in space? To go and cause havoc all over the universe? There is nothing inherently wrong with wanting to explore the cosmos, but not before having found the right attitude to adopt here on earth. Human beings respect nothing. They think they are the masters of the universe. They are prepared to upset everything to satisfy their curiosity and their cupidity. Well, they have to be aware that one day they will have to pay dearly for this lack of respect and this violence. »

For the first time in over 100 years, American capitalism has started its economic recovery with it current account in deficit. That deficit currently stands at an historic high of over $600 billion, nearly six per cent of its GDP. Washington and Wall Street have expressed concern about the sustainability of this burgeoning deficit, and alarm is growing at the steady rate of decline for the dollar. The dollar has fallen consistantly since the fisrt quarter of 2001, and is set to fall further. Many people still call America a 'super-power', but in terms of its importance to the global economic system it is in fact a 'hyper-power'. But the structural deficiencies that produce the US deficit have made America the largest debtor nation on earth. It used to be the largest creditor nation for much of the last century, up until the mid 1980's.

The global conference on biodiversity is currently going on in Malaysia to discuss how we can halt the massive biodiversity loss we are seeing around the world today. This is a serious problem and big business is responsible... actually for rainforest loss, the buyers of cheap non-FSC timber are also responsible. Rainforests in countries such as Indonesia, Tasmania and Chile and being logged at increasing rates to supply rich countries with cheap, but high quality wood products, including furniture and paper. These forests are beautiful, amazing places, housing most of the world's biodiversity. They also regulate our weather systems - both local and global. If they go, we are in serious trouble!

Corporations are the ultimate in social cooperation in a free society. All corporate interactions are VOLUNTARY, unlike government interactions, which are often coerced. Those who decide to incorporate do so voluntarily. Those who choose to invest in a corporation do so voluntarily. Those who choose to work for a corporation do so voluntarily. Those who chose to purchase goods or services from a corporation do so voluntarily. The corporation has done more to advance human existence than ANY other institution. Long live Corporate Earth!

I would like to know if there are mechanisms in place to monitor the number of jobs US companies are sending off shore? The current unemployment rate in this country is at an all time high. I have been in the Information Technology field for over 20 years. I lost my job due to off shoring. There was an article in the February 3 issue of Business that stated five years from now, 4 million IT jobs will have been moved to India and other countries. Who is monitoring this process??