Comments on: Who Manifested The Recession?

By: David

David — Fri, 12 Jun 2009 04:50:02 +0000

Never a truer ever before published relating to the real cause of the international media made pandemic of pessimism relating to the recession.The dynamics of the thought field are little appreciated.

By: David G Spall

David G Spall — Wed, 15 Apr 2009 12:13:55 +0000

Absolutely true !!

By: David G Spall

David G Spall — Wed, 15 Apr 2009 12:12:25 +0000

Excellent. I wish this was taught to me in college 60 yearsv ago.

By: Sango

Sango — Tue, 14 Apr 2009 19:21:02 +0000

Just want to compliment Splash on the insight of the comment. The world economy is based on debt. Especially the US economy. You buy a house not because you can afford it, but because you can borrow the money to mortgage it. When you buy your major purchases with borrowed money, it means that you will have your head down to the grind for years to come. You will exchange freedom for security. You will cut short your dreams and ambitions. When you can create a product of value to exchange for money, you are then an entreprenuer. When you can then increase the production of that product, you can then start to accumulate wealth; and as Splash put it, “That changes the whole dynamic of your life.”

By: Horst

Horst — Tue, 14 Apr 2009 16:57:26 +0000

It is always useful to learn from the past, but that is not to say we must repeat the old solutions because, hopefully, we have moved on in some fundamental ways.

I like to make three points:

Firstly, the film shown by Brian suggests that the panic behavior was manipulated by devious abusers of the system, whereas the real starting point was that everybody recklessly overspent which was even promoted as a virtue. This simply set in motion an automatic chain reaction of self-correcting behavior. If anything, I think the media are underplaying the problem.

Secondly, Brian’s solutions appear to be well suited for the financially well endowed individuals who can afford to think ahead and can ensure to have money to spend even in bad times. These ideas do not appear very helpful to someone who is in debt and just lost his job.

Thirdly, the solution suggested implies it is ok to exploit the misfortune of others to enrich yourself even further. That is Piscean age thinking! What about some really new Aquarian age solutions which let us work together to address the fundamental problems against the entrenched powers who would rather like to keep things as they are. It appears absurd to consider that we are all willing to work, that we have enough resources to work with, that we all want peace and be allowed to do our own thing, but are prevented by a man-made financial system to do so. Where are the people who are thinking about fundamentally new systems?

If anything I would rate the article a minus 5.

By: Splash

Splash — Tue, 14 Apr 2009 11:15:09 +0000

The reason that many people are trapped in debt is simply that the world monetary system is based on debt, not on wealth.

We can begin to break free from the debt cycle that is built into this system by doing small simple things right now to CREATE something of real VALUE. It can be as simple as growing a garden of foodstuffs. Or by rescuing well-built items from going into the landfills and restoring them. (I love old tube-type radios, for example.) Someone I know rescues rusting bicycles and makes them into beautiful works of riding art. You get the picture?

Whatever it is, when you start CREATING VALUE, you enter into a WEALTH CYCLE, and start to exit the world of debt. That changes the whole dynamic of your life.

PEACE
Splash
Believe in Magic! — Start creating it!

By: ANGIE DAVIS

ANGIE DAVIS — Tue, 14 Apr 2009 06:52:14 +0000

THINK OF THE BANKERS AROUND THE WORLD & ALL THE MONEY HUNGRY PEOPLE AND THINK OF THE REASON THEY HORD MONEY, IT'S NOT TO HELP AND SEE THAT EVERY ONE ON EARTH IS ON AN EVEN KEEL, NO THIS SPECIAL GROUP & THEY DO EXIST IN REALITY, THEY GOT THE CONCEPT IN AN ACCUMMULATED GROUP TO SET THIS BRILLIANT CONCEPT, PROPAGATE THE IDEA OF SELLING HOUSES TO PEOPLE WHO ARE NOT SO FAR FROM THE QUALIFYING STANDARD, BUT IF THEY SHIFT 1 DEGREE, THEY WOULD BE IN TERRIBLE STRIFF, SO BRING IN ALSO THE RULE IF YOU CAN'T PAY WELL WILL UP YOUR INTEREST, AND THEN EVENTUALLY , REPOSSE YOUR PROPERTY, AT NO COST TO YOU, & THEN TURN AROUND & SELL IT TO SOMEONE ELSE THAT CAN AFFORD IT SO YOU'VE MADE X AMOUNT OF $ OFF THE POOR SHMUCK & THEN HE'S IN DEBT FOR THE REST OF HIS LIFE & YOU ACCUMMULATE THE INTEREST ON THAT DEBT, SO UNLESS THIS SHMUCK DECLARES BANKRUPTCY HE WILL NEVER BE FREE, FROM THE VULTURES WHO IS MAKING HIM DANCE TO HIS TUNE, NOW GO FROM THE SHUMCK TO A WHOLE COUNTRY, USA, CANADA, EUROPE, & THINK OF ALL THE SHMUCK'S THERE ARE, SO IT'S ABOUT MANAGING THE DEBT, NOTHING MORE NOTHING LESS, THERE IS NO RECESSION ONLY THE CONCEPT OF A RECESSION PUT FORWARD BY THE MEDIA FRENZY TO IMPLANT THIS IN THE MINDS OF THE MASSES, WHO IN MOST PART ARE UNEDUCATED IN FINANCIAL KNOWLEDGE, JUST LOOK AT THE CREDIT CARDS, SAME CONCEPT, IT 'S ABOUT MANAGING THE DEBT. HOPE YOU ENJOY & UNDERSTAND WHAT I SAID. ANGIE DAVIS