Archive for March, 2010

Will history repeat itself with this global financial crisis?

An expert, who studies global financial crisis says that the world if doomed to repeat the same financial mistakes that were made, that lead to World War 1 and 2. He says, that is our global leaders continue to make the same idiotic mistakes, and the people continue to panic, then we open ourselves up to the possibility of World War 3. He says, that if you study the history surrounding the two World Wars, you’ll see that the financial disasters prior to those wars, are happening now!

The post-crisis world will be radically new. Nevertheless, the United States has accumulated such great scientific and technological potential, and such an exceptional industrial base, that it will remain the world leader – the largest economy in the world. Even though it will fall more than any other country, when it comes to the numbers, people will still have enough to live (compared to others).

Everything will crash, with the exception of the American high-tech industry. The United States will begin real production; it will return to it from abroad, from China. This will cause foreign countries and China to “fall.”

All of the previous crises were different – understandable and not general. However, this one is global; it is happening all over the world and it is unlike any previous crisis. There are no known remedies to eliminate it. People are trying to do the same thing they did in previous crises – to help the banks, but nothing will help.

The situation will force them to reveal the true cause of the crisis: that the egoistic attitudes of the involved parts of a closed system, bring about the system’s destruction. (just like cancer in a body)

Where can I get information on the global water crisis?

I am looking for a control, a statement with details on the global water crisis and two journalistic or expert opinions agreeing or disagreeing with those statements. Can anyone here help me?

Please no Wikipedia as it is edited by anyone and thus not reliable.

There are more people today getting fresh water than ever before! A bunch of bull…so why bother!
If you don’t believe me, check how many area have new fresh water wells they have never before had?
Many groups are helping them do so. There is no "crisis"….but the "powers that be" need to find one!

What should the university students do in the case of financial crisis?Can they be free from it?

I am a university student. The world is affected by the financial crisis.
What situation are we in? Which way should we go?

Tuition are increasing every years at college/universities. Books/textbooks are very expensive. There is no way to get away from not paying tuition. If you have financial problems – go to your college financial service center to tell them your story/financial problems.

Usually – students and their parents would have to figure out other ways to pay for the tuition such as getting a loan, if already have a loan – get the maximum amount needed, student getting/finding a part time job in the summer, etc.

What factor that compounded result in global financial crisis?

I’m new here, thanks to those willing to help me first.

now i have the point that financial crisis is compounded due to the low interest rate, US government miss-allocate capital..

here, i would like to know more about other factors…

I would like to give you the main reasons beyond the superficial economical or political factors.
The main problem leading to the crisis, and in fact any crisis situations we are facing today is our inherent human nature. We are only caring for ourselves, trying to take as much as we can, exploiting all the others in the process. That leads to broken connections and distrust in between us.
What has compounded this situation, which has been around for ages is that by now the world has reached the state, where we have become global. We live in a totally interconnected and interdependent system, where this behavior we could get away with before, is now destroying the whole system.
That is why this crisis is not responding to previously tried and tested solutions, and requires a completely new mindset.
We have to learn what this globalization really mean, and we have to learn how to live, think and connect to each other in such a closed, integral system.
Below you will find a fantastic video, and article analyzing the crisis.
I hope it helps, all the best.

Will you support Ron Paul’s latest bill to repeal legal tender laws?

This would repeal legal tender laws so you aren’t dependent on devaluing federal reserve notes

http://www.house.gov/paul/congrec/congrec2007/cr121307h.htm

Madame Speaker, I rise to introduce the Free Competition in Currency Act. This act would eliminate two sections of US Code that, although ostensibly intended to punish counterfeiters, have instead been used by the government to shut down private mints. As anti-counterfeiting measures, these sections are superfluous, as 18 USC 485, 490, and 491 already grant sufficient authority to punish counterfeiters.

The two sections this bill repeals, 18 USC 486 and 489, are so broadly written as to effectively restrict any form of private coinage from competing with the products of the United States Mint. Allowing such statutes to remain in force as a catch-all provision merely encourages prosecutorial abuse. One particular egregious recent example is that of the Liberty Dollar, in which federal agents seized millions of dollars worth of private currency held by a private mint on behalf of thousands of people across the country.

Due to nearly a century of inflationary monetary policy on the part of the Federal Reserve, the US dollar stands at historically low levels. Investors around the world are shunning the dollar, and millions of Americans see their salaries, savings accounts, and pensions eroded away by rising inflation. We stand on the precipice of an unprecedented monetary collapse, and as a result many people have begun to look for alternatives to the dollar.

As a proponent of competition in currencies, I believe that the American people should be free to choose the type of currency they prefer to use. The ability of consumers to adopt alternative currencies can help to keep the government and the Federal Reserve honest, as the threat that further inflation will cause more and more people to opt out of using the dollar may restrain the government from debasing the currency. As monopolists, however, the Federal Reserve and the Mint fear competition, and would rather force competitors out using the federal court system and the threat of asset forfeiture than compete in the market.
That link is actually from 2007, but he has introduced a new one in 2009

http://www.thepeoplesvoice.org/TPV3/Voices.php/2009/12/15/washington-tear-down-your-wall-against-c

Adam B, I already know you are a socialist or a communist with an agenda from reading your other answers. You are a biased d-bag. You aren’t fooling anybody.

The constitution says states can only make gold or silver legal repayment of debt. That clause was added because of the states issuing their own paper currency under the articles of confederation. And yes it was a disaster, but the thing is you are using revisionist history.

No. That’s incredibly stupid. Ron Paul, as usual, ignores everything that happened before the Civil War. Because he’s a gynocologist and not an economist, a political scientist, or anything else.

Before the Civil War, each state printed its own notes, as did many, many banks. The result was a disaster. When a bank that issues its own notes goes bankrupt, and those notes are out there in circulation, what happens to the value that those notes represented? How can you ensure that random money printed by a private firm you’ve never heard of will be accepted anywhere? Or even more stupid, what about when you travel abroad? Do you really think you’ll be able to easily exchange "money" from the Bank of Ron Paul for real cash, like euros?

A measure of wheat for a days wages: Is the modern capitalist concept of a paper monetary system…?

…as a store of wealth going to leave us in one hell of a bind if the financial and governmental systems collapse? Paper money is artificial, and so is its perceived abilities as a measure and store of wealth.

Yes. The system we currently work in is called a FIAT system (our currency is not backed by any standard other than our own government). This system was implemented by Richard Nixon during his presidential term by removing the U.S. from the gold standard. Prior to Nixon, a U.S. dollar could actually be traded for $1 worth of gold. However, Nixon eliminated this process so now our dollar is not based on a particular standard (like the value of gold). Because of that inflationary value has created an artificial layer of wealth in our country (as our currency is basically supported by the US government saying it is worth that much). So if the governmental system were to collapse or confidence in the system dropped, then the US currency would become worthless as no other entity/standard could vouch for the value of the currency.