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, December 1, 2011

Santa is a Bastard:- Will be so in 2012 as well!

Looking back at the past 4 years. They have gone from bad to worse. From the subprime collapse in USA, to the clusterfuck that is the world economy today. Christmas is around the corner and will be a tough time for most families and friends.



So the immediate future is that Santa is going to be a tight arsed bastard. The longer prognosis, for 2012 is that he is going to leave some mean and evil elves to continue the seasons chaffing and also to rub the salt in.

What has not happened is that Uncle Obama address the major issues that a) caused the collapse, b) could fix the collapse. So when your water bed ruptures fixing the split is priority, not pouring in more water until you are awash.

At best, 2012 can be used as the first step on a very long road to recovery. Given that they decide to start the right moves and make the hard choices there is still a crack of opportunity to correct things.

As they stand there is a lack of will to make these calls, the opposite is true is that the White House believes these options to be anti social and would do anything but make these calls.

The longer these are put off the harder it will be for more people. The U$D is not looking at any better long term future than the Zimbabwe Dollar. The next Presidential incumbent will have his work cut out with the existing USA and world structures melting and reforming around new opportunities. The sap on the street will pay for it and would have lost 10 years of his life. There are hordes of people who will never get back to normal as they have not worked, or worked lesser jobs and life has  now passed them by.

As for South Africans, there is Zuma to blame, makes a good punchbag. The secrecy bill will at least mean a quieter time for him and he won't always ask his chronies if they were responsible for the aborted Russian Mission 2 Mars, or the British Strikes.....

A bad day comes to a close I'm off home to settle into the welcome arms of Nuttella sarnies, makes life so much more bearable.

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