Let's discuss....

[Tim]

Let's see what can we discuss as the first thread in this new forum...?

I know, how about the economy. I'll start the discussion then.

As you all may know, late last year the economy well... "died" as some may say and it caused a domino affect throughout the world, however, some are saying it's getting better... is it really or are we just wanting it to get better so badly that we are imagining?

Not sure about everywhere else, but "they", the politicians, as usual seem to think they can just "buy" their way out of this mess we're in, and again everyone seems to be pointing the finger at the former US president and others... but is it really their fault? Is it anyone's fault?

Who's next? Remember to follow the rules of the forum, listed in the sticky section. :)

[Joker432]

I consider that basically, the economy always had many problems.

Oil, gold, and also opinion of a society ALWAYS were on a destruction and progress way. Always there were pluses, minuses of this or that economic model.

For example, to Russia (USSR) far back in the past there was such mode as communism. It unfortunately had one minuses (you their and know). But there were also pluses, such as the free habitation and (almost) was not unemployments. But there was no progress. Therefore this economic model has not existed too long.


... And now, the modern economy does not have not enough progress. I think shortly on change old, there will be a new economy and new ways of the decision of problems.

[Sierra]

Politicians and their actions.... That is the second biggest lie after weather forecast if you ask me :lol: Well, there are some who try to get this World better, yet it is difficult.

I don't think it's the former US president fault. Surely, US has a very important position when it comes to such things, but you know, the more you have to do, the more people expect of you - the more failures you will have, and the more flaws people will see in you or your actions. I mean, there are many things on our heads sometimes. It's really hard to solve some problems, but people want results as fast as possbile.

There is a lot of guys who don't even know what's the situation really, yet they complain. A friend told me something very wise once.

"People will not see what you have done, people will see what you haven't done."

It's usually the bad things that others will see and point with finger. Surely, there are some who appreciate hard work, even if it ends a failure.
So I don't think that's US fault, or US president or anyone else. That's just World we live in, we use our planet's raw materials and most of the people doesn't give a =removed= about it.

I'd like to say something more, but my language capabilities are on reserve :lol:

"Politics are fickle, they change with the times" as Snake said :D

[Orion]

More money created less prise of the money will be.
More you get money more than you took you need to add back
And here are the crisis go, its repits almost every 10 years
for better explanation watch movie as ''zeitgeist addendum''
As there is project Venus witch is main idea to change from money Economy to resources economy. On mine opinion its only way to live in peace but even if we changes that today we still need hundred years or more to make it work and there are many 'but's. Mostly politicans and companis who will not agree with that kind of economy and will deffend it...
Sor mah bad anglizch :)

[Tyrope]

and again everyone seems to be pointing the finger at the former US president and others... but is it really their fault? Is it anyone's fault?
I'm just going to say one thing: i don't like his decision about the Iraq war, but that aside, he is 1 guy making the decision and there's thouzands of people trying to find the flaws, now tell me who's in the disadvantage before blaming the guy...

now, who's fault is the falling economy then? each and every human with money in his pocket. because we're all part of the economy, no matter how small.

[Tim]

You have a good point Ty, but then again if you don't have a job then it's hard to have money, unless for some reason they've managed to save some money back, even then, without a job the money that is there has to be spent wisely as most ppl have payments that need to be made.

[Nicoleise]

I think the economy thing is a scandal. Many professors of economics from all over the world warned that this would happen as far back as 2006. The problem is that the economy was in a boom, but it was an artisficial boom - things didn't actually hold more value, people just paid more due to demand. And banks happily followed the trend, not observing basic business rules like "If you don't have 20$, then don't loan out 20$".

I think it did do some good though, especially if the governments wouldn't do so much with help packages, etc. I think the danish government handled the situation extremely well : no businesses were granted any money - they were allowed to wait paying their tax and vat 6 month later (which is a lot - income tax in Denmark is 43%), so that gave the solid businesses time to breathe.

The reason I think the financial crysis is good is that atleast here, alot of random corporations started up out of nowhere, existed for a period and then went bankrupt. Now people are more skeptical towards that.

I think the financial recession was good in it's own right, but I think it's very bad that the medias created such an insane hype about it, as the recession would not really have been that bad, if consumers didn't panic and stopped spending money. I know it sounds like a bold claim, and I'm not saying that there would be absolutely no impact if it worked that way, I'm just saying, if people were properly informed rather than the word-games of the various news shows that always appear to want you to think a 10000 tonnes block of concrete will fall on your head if you don't act immediately and irrational, then I think the financial situation wouldn't be so bad.

As for the future, I don't believe this is the last financial problems we face. I expect to see a period of false hope and uncertainty, so I think it will appear as though the crysis is over, probably within 2009 (especially around christmas shopping), and then people will be like "Oh yay, the crysis is finally over!! Let's spend" and then the same thing will happen again, only alot sooner, like in 4-6 months after.

I'm employed at a company where we service the electric needs of private consumers as well as industries and special sectors. We are roughly 40 employees. We have only fired 1 so far, and that was more of a "finally we can get rid of him" thing. The main difference is that we used to have 50 pending service jobs always, and alot of large projects as well, and now we have 2 pending service jobs and no large projects. Everyone is still busy though, but obviously it wont last forever.

Fortunately we are a good company that leaves customers wanting to use us again, so we have a pretty steady flow of service tasks, but not so much new construction. We also have a lot of very good customers, like the local rail service (that's work all year for 2-3 people alone), that doesn't change with the financial situation. :)

[Tim]

Well that's the big thing, is that a lot of people either have things to get and have no choice but to borrow a bit of money, and some are responsible with it. Then there are others that just get caught up in the borrowing more then what they can pay back in a reasonable time and never get caught up on payments.

The banks are at fault as well because they knew that the person couldn't pay it back, so they took advantage thinking only about the return they'd get off the person for a long time. Not worrying about the long term affect it has on the person borrowing money and how it affects their business in the future.