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.



Thursday, October 6, 2011

Steve Jobs

The world has lost an Entrepreneur, a free spirit who had vision and inspiration.



Reviewing his legacy, we see that there are few people and no countries that were not touched by his work. Between Jobs and Bill Gates they rejuvenated a flagging USA and the world has been made a different place.

If not Bill Gates or Jobs, what would the world be like? Following Asimov’s Scifi and the rate of improving technology the writing was on the wall that we were evolving into the computer age. If not them someone else would have been there to pick up the baton.

Why USA and Europe and not the Communist block countries? Innovation thrives under freedom and protection of intellectual property. The communist countries had their own power driven development, but following known paths where intellect could be applied to improve.

USA under Reagan was a fertile field for individuals to plant seeds of innovation. Many, most failed. But those that took flourished. Britain was great because of innovation, they didn’t persecute the individual (much) for being eccentric and they grew an empire from being one step ahead. The history of USA was pretty much the same. Not to miss the opportunity that they both had periods of conquest as well, they couldn’t have achieved these without superior technology.

So we ask – what now? With the taxing of entrepreneurs and the existing giants fading there are only the financial institutions and political bases driving growth.

Those leaps in world growth have been by individuals doing what their peers say is impossible. Many of these people fall by the wayside, but those few successful leaps have not been done recently. What is there for the future other than, remixes and revamping existing technology? Sorry forgot the beer and sports.

I don’t believe we have reached the end of new leaps, just a plateau. The entrepreneurship is being stifled and the next world power will be the one with this leap. If USA isn’t that country then it is in deep poo as it would have allowed the baton to be picked up by other competitors.

Living on the Past doesn't feed people - creating the future last decade feeds people now. It takes decades to grow new industries. I am struggling to see what was done last decade to make this decade work. What is being done now for our kids next decade? Internet and marketing is over a decade old and simply adding value. Sorry we have twitter and facebook......

Wednesday, October 5, 2011

Catch Net Not Hammock – Cut the Offending Nations loose!!!!!!!!


The social welfare and security systems were intended to be catch-nets for those who fell. It softened the fall and gave enough support to get up again. It gave assistance to those unable to work and reduced their burden on others. In principle it is a brilliant to support a growing, vibrant economy whilst enabling industry to get on with expanding.



When those who don’t wish to work, find it difficult to move out their comfort zones or just too selfish and lazy to go out and make a difference finding it easy to live off the system, they create an increasing burden on the system and tax payer.

That becomes a nightmare as these indolent have discovered they can vote themselves support for life.

Looking at the world crisis, banks and capitalists have been blamed. The reality is that there was a accumulation of politically driven aspects including banking rules, subprime CAR and other issues that were background noise until the systems started to fold.

The Situation in Greece has been a mind-fuck of free rides and easy living for most Greeks. Over geared by a socialist govt they were on a knife’s edge for years, but with the crisis fell off. Germany basically bailed them out first time, and I admire Merkle for her work and putting her neck on the line. The reality is that Greece abused the Euro and fucked the cat so their net was full, splitting and their economy was tipping.



Germany placed provisos. The Greek govt has been trying to meet goals but their people want none of it. Like spoilt children giving up what was easy and pleasant they are having hissy fits.

Not surprising that Greek targets are not being met. Their tourism is stuffed by the strikes and will take ages to recover. Since they don’t have much else that is a bugger?

They did cast round to other EU nations and UK said no thank you we are bailing out Ireland and our own people. However now Merkle came through with parliament support we see Greece has failed to match commitments so we sit and wait. Not surprisingly Lloyds has been pulling out of European banks so what now?


The Euro was a fair concept, but had the weakness of lack of unity on fiscal commitments. So unless they fix this it is doomed. So lacking Greek commitment they are going to have to let Greece fail and fail hard.

If Germany, with Europe had earlier extended their catch nets to include Greece, or for that matter Italy, then like a fishing boat pulling up their net and finding the net too full they have to cut loose the extra weight or the European Economy will capsize.


We are witnessing the twisting and turning of European Economies trying to shift a Super tanker through an ice flow. We look back on all those lost opportunities to effect changes in course over the last couple of decades.