What I believe in is a firm economic foundation. Something a country, a nation, can build the next level on. There are traditional Economic fundamentals that need adhering to for this to occur. Looking to our current crisis we can see what we did 30 years ago is impacting today. This means we need to be mindful of what we do today because it will be impacting on our economies in 30 years time. The first example is of borrowing from our children.We are sitting in one of history's worst economic crises and few people have not been affected with most people heavily affected. Economic cycles occur and are part and parcel of economies, but these chronic recessions are from system failures, deviating from the fundamentals.The US of A is the world's leading economy. What it does affects the rest of the world who continually keep an eye on it's situation if they want to get ahead. Needless to say much of the world can and have independently gone to pot on their own.



Saturday, July 16, 2011

Back and reflecting on the Current Debt Crisis.

Whew, back to doing some writing after some time. Take a look back at what has passed since my last works.




Wow, they have come to pass or are on the way there. Obama is still there, still repeating same mistakes, trying to throw more money at the problem. Until the holes in the economy are plugged they are going to continue haemoraging money to non American enterprises instead of boosting the economy.



Throwing money at welfare and unions also is not stimulation, well not much. Placing expenditure in the manufacturing sectors is. Helping people with their mortgage is sweet, but if they are not earning all you do is buy them time. If home owners don’t get a job they are going to be homeless. Like drinking too much on a Friday evening you end up with a hangover. The banks have been fed a few extra months, the national debt has grown as the govt effectively takes over portions of people’s individual debt. And the problem is still there, like a hangover.



Now Obama is fighting tooth and nail so that he can create more debt by taking up people’s debt.
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