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...in a nutshell If it is not a cleverly orchestrated global conspiracy, then the advent of the current world financial crisis has been due to the simple fact that those at the top didn't know what was going on down below.
I say...life is so fruitful what...don't you think old boy? The top 1% in this world are the ones with all the power and wealth, the 99% remainder struggle for every buck. It is this 99% that the world economy relies upon and not the 1% at the top that the 99% keep there. When I actually put this argument forward to a wealthy businessman, he replied " Just because you haven't got any money " sadly this is the mentality and the resolve of the business world at large. The major selling items
in the world are houses, i.e., mortgages. The word mortgage is
actually from the French
This is not the entire cause of the Credit Crunch meltdown but it is certainly a big part of it and I hope that you will agree. It was stated by ignoramus government
ministers that the average wage that was Mortgages were once based on 3½ times a persons earnings (now 5 times) or 120,000 for a basic house not including the very greedy interest and the compound interest plied on by the banks. Greedy banks trying to rake in even more revenue from people who haven't got it in the first place.
As the meltdown
persisted, the dim witted money lords were very slow to catch The power brokers, the money lords and kingpins could not break out of their inbred grabbit and leggit attitudes, to fleece the nation and fleece it again, it was totally un-natural to them to think about lowering tax's as it would have grieved them greatly. The prospect of lowering interest rates was and still is totally unheard of, so they simply didn't do it and when they realised what was going on it was too late.
Aaaahhh....I'm melting.....melting.... Palpitating hearts fluctuated even more and panic begat panic and these powerbrokers, money lords and kingpins then abandoned all their astute business acumen and threw billions of dollars at the problem. They did this in vain hope of trying to making things normal again...but alas even a trillion dollars would now be a drop in the ocean...but they still didn't lower any rates! No, they were still trying to rake it all back in with the attitude...Their poverty is no concern of mine, as long as my luxury lifestyle isn't effected, I don't give a hoot and why should I. Some of the top financial people now know without a doubt that their rake in the revenues economic policies are floundering, floundering over the abyss and maybe the tragic story below is a clear illustration of how bad the situation is getting. Deborah Charles of Reuters News Agency reported that... " The finance chief of troubled U.S. mortgage giant Freddie Mac, CFO Mr. David Kellermann, was found dead on Wednesday April 22nd 2009 after apparently committing suicide, a police source said. Kellermann, promoted to acting chief financial officer last September after the government took control of the company, was found hanging in the basement of his mansion in an affluent Washington suburb." I offer my condolences to his family and may he R.I.P as the death of anyone is of no slight laughing matter.
Hundreds of thousands of businesses both large and small in
the USA, and Europe
There may not be any quick solution to this terrible mess, only for the credit crunch to trudge along its bleak trail until total global meltdown has eroded everything away. Then maybe from the settings of the new dark ages we can rebuild again but this time exercising a new business acumen that will see the population being on better incomes for more affordable collateral...this is a long shot I know, as inherent personal greed will still need to be overcome.
The China Syndrome is the icing on the cake as it were. The China Syndrome adds more logs to the already blazing out of control fire. Here are the fundamentals of it and how it helps the recession bite even harder and deeper.
Companies absolutely hate and detest paying wages, as it eats into their
profits. So thousands and thousands of western companies have laid
off all their staff and closed their factories and business's in
the west. They have done this to get their products made in China
instead, at a fraction of the cost. It is well understood that Chinese laborers will work for a only a few cents an hour. Western companies therefore save hundreds of thousands of dollars on the wages and also theoretically maximize profits when they retail their products back in their own country... ...however, there is just a very slight oversight! Quite simply, who is now going to buy these imported products? the consumer has no job remember, he was laid off from the factory that initially made the products. When people were at work in the west's factories and getting paid their $$ an hour they were buying the products as they had the cash to do so. Just to remind you, that all those people who used to work in the factories were also consumers when at home...or didn't they think of that? Now we still have the products flooding the market but no cash to buy them, so it all falls apart. I recently read where several ships containers full of children's toys had to go back to China as they were just sitting at the docks with no where to go, as toy sales well below normal, i.e. the shops were still full of them! Do you recall when banks were moving all their call centers over to India to save wages on the call center staff at home. Well disgruntled customers then left those banks because of their frustration at not being understood in their local accents by the Indian personnel. I wonder what top of the class prune thought that one up? obviously without knowing too much about real life around him!
This is simply how the economy has been and will continue to be drastically effected, the culprit is our very old and dear friend...greed. Once greed and the power grabbing control freaks have been educated in fair play, then this world may be run at a much fairer pace...a long shot. My sentiments are to say that a company should exist simply so that people are employed, and earn money to spend. Companies don't see it this way, they believe they exist solely to make money and even more money to get fabulously rich and join the 1%. But its the 99% who would put them there and what if the 98% have no jobs?....vicious, greedy, catch 22 circle indeed.
" All mine mine mine ha-ha..and I want more more more... "
The vicious circle will indeed continue to perpetuate, until someone decides on fair
play and not on their own pockets, power and prestige...or feathering the
nest for the nest's sake! I for one, won't be holding my
breath...for example, below is a classic case of the idiom..." looking
after number one " and stealing, embezzling, creaming off the
top, and scamming as much cash for themselves as possible...
MORAN OR MORON - SCAM MASTERS...
Former British MP, 56 year old Margaret Moran is being prosecuted for claiming in excess of £98,000 / $155,000 for
refurbishing her two houses in an crafty expenses scam. She also scammed a
further £20,000 / $32,000 in another expenses claim, this time for
apparent dry rot to another home. She stepped down at the 2010
General Election to face 21 criminal charges in relation to these
fraudulent expenses claims.
On December 15th 2011, Moran went to court to answer for 21
accounts of scamming her expenses but cleverly she wept and wailed uncontrollably the entire
time, and henceforth could not be questioned. She had dyed her hair
blonde-silver,
wore old spectacles, down graded clothes, making herself out to be a poor, fragile,
shabby and
confused old
lady. (the crafty old so and so) Her ploy worked, as it was
stated that she was too
unfit to stand trial, so the trial has been put
off until April 2012, pending psychiatric reports.
The ruse of delaying court proceedings is an old ploy that law courts are used
to and the Judge usually slaps on a few more months to the sentence as a
result. The courts bide their time knowing that she can run but she
can't hide.
RECENT PROTESTS SPEAK VOLUMES
When the powers that be tell us..." we are coming out of recession
" I call them liars, but who do you believe? Do you believe them
or do you believe me along with the millions and millions of
protestors in nearly every country on the planet, who since late February
2011 have been marching for jobs with fair wages. Marching for fair
play, freedom and cessation of tyrannical rule from the wealthy globalist
and imperialistic elite.
As 1980's reggae rock group UB40 so rightly sang:
The rot by which the subjugated world has abided, has now eaten
through the walls and weakening the infrastructure. Just as a crack
appears in a dam, the pressure of all the millions of gallons of water
behind it eventually forces the dam to crack wide open and collapse.
The unstoppable deluge of water of course, continues through and beyond.
The analogy of the house of cards where a card on the bottom gives way to
bring the whole house down is now playing its hand.
The greedy have marched blind, over the abyss but the sad thing is,
It appears that the dark ages may soon indeed be upon us again, this time
though, lets hope that a better quality faction of our race holds the
reigns and not some twit with delusions of grandeur, prosperity and power
for the one. The millions upon
millions it appears are now rising up and hopefully, out of the massed
rank and files we will see a new generation of liberal minded thinkers and
doers. Playing fair for one and playing fair for all.
Updated January 29th 2012. |
...
and
means Death Pledge, no surprises there then! Mortgages are
set by the controlling powers, the banks, based on the estimated earnings
of the 99%. But as stated, those at the top in their ivory towers
haven't a clue of what's going on down below...In that the average working
man hasn't enough money in his pocket as he doesn't earn a decent living
wage.
earned by the working man was around 40,000 per year, be it dollars,
pounds or Euros, but in real terms its less than half that, 16,000
being a more realistic sum that is earned by the majority. Of course
there are the 50k - 100k per annum and beyond earners but they are not the
majority and its the majority that have brought about this credit crunch.
This
is all fine on paper except that the real figure for an affordable new
house should be around 55,000. The working 99% could not afford
120,000 and started to stop buying in the high street to save those much
needed pennies. This may be why more apartments are now being built
instead of houses, you may have noticed this.
on...as always...and instead of reducing the interest rates, lowering
prices etc they continued with their avaricious policies of take, take,
take. Artificial price hikes on fuel, groceries and local rates to
rake in the revenues and line pockets when it should have been a drastic
lowering of prices.
have
gone into liquidation over the past 6 months and its still on the
increase. Of course house re-possessions are on the top of the list
as millions now face the threat of losing their homes. 
...
Little by little by little and stone by stone......the rich mans mountain
comes......crumbling down......little by little...
they are taking the rest of us with them. After all, as their
mindset states... if they cant have it then why should you?
