Get over it.

If you have a job start stockpiling as much windsurfing gear you can and maybe some camping and fishing gear and maybe a few sacks of rice.
If your gunna be jobless,broke and homeless you may as well live off the sea up north somewhere and sail everyday you can untill it all blows over.

That doesn't sound too depressing to me.

Well well , I think things are pretty good at the moment, LOW interest rates, CHEAP petrol, and as for the building industry (Ive been in for 25 years) times like this get rid of all the d...heads and rubbush tradesmen ,of which there are toooooo many, sure there will be a few hard done but but most of us still go to the same job , get the same pay still live in the same house, hey life goes on if we all were despondant negative thinkers what a drag life would be. go forward, move ahead ,be happy its not too late!!!! whip it good!!

NotWal said...

hoop said...

Get over it.

I agree. Value is a matter of faith. If enough silly sods go around saying the sky is falling it will.

As I understand it, in the general scheme of things, this "recession" is trivial.

almost right, value is a matter of confidence , no confidence and value decreases.

it does amaze me how people have opinions of global warming solutions yet fail to understand the global monetary system, they both go hand in hand, as to why there hasn't been and wont be for some time progress in real terms to changing our use of fossil fuels... particularly oil to less /zero carbon pumping energy supplies.

here is something to think about for those with the passion of the global warming...

at the population growth rate of 1.3 percent it will take about 470 years for the earths population to grow so it is to use 1 person per square meter on all the earths dry land mass .. lol... i might be a little out with the percentage as well as the years.. i.e. one or two percent out or ten years out either side.

it is great that interest rates are down for those that can hold their job, think of the people that have lost their jobs, the miners, the financial sector they no doubt have dept, probably a mortgage - somehow i don't think they are over it though. they are high paying professions which eventually have a trickle down effect to everyone.. even the trades person.

i agree with two comments, confidence (faith?) and self prophecy (by being a negative nancy) do go hand in hand. if everyone thinks the economy is ruined and stop spending, more jobs are lost and the whole system grinds to a halt...

the second comment even though in jest of the book hitchickers guide to the galaxy is in fact closer to the truth than many people are aware , money is an illusion, at least the cash stuff is and its not doubly so.. its more than 10 times the illusion .

maybe i should have made my topic "how interesting the monetary system is".. because i don't see all the gloom, but i am interested in other peoples opinions on the subject, i don't know everything about the system, and prior to taking some time to look into it.. i didn't really care to know. i would have the same replies as what has been given so far, largely in part to ignorance of how the worlds economies work... no offense intended either to the replies.. all part of a forum...especially a wind sport forum...

i don't believe in higher powers at play.. manipulating everything for a new world order.. i generally laugh at those type of people..

i hope things don't go bad to the point of a depression.. i think Australia is to a large degree insulated due to the fact we trade with china, (china wont fall in a hole, it cant or history will repeat itself in that country and then we really will be in the shyt). china will take up the mantle eventually (possibly sooner than later) as the worlds main economical force by changing from a producing nation to a more consumer orientated one.

we also have a surplus in the gov coffers to spend back into the economy.. we still have moderate savings, the government is taking the right approach as as far as improving infrastructure primarily to increase production , although i think trying to have consumers spend its way out of the recession is a long term downside that may come back to bite.

maybe i should stop flogging this dead horse of a subject on the forum and join another one..lol

winds up. time for a kite!

yes, gold is the best way to hedge against inflation, its possible at least in American dollars that the price of gold will double by end of next year and possibly double the following year again.... worse case situation.

its interesting to note that during the last great depression that the only stock on the stock market that did exceptionally well was the gold stock....

there was an article in the state rag regarding the perth mint not able to supply the demand of gold coins.

most people know about Zimbabwe and its rampant inflation, its not the only country , many others have had the same problem.. france back in the 17th century.. in fact it was one factors that caused the revolution .

the former Yugoslav had the same problem back in the 90's during its ethnic cleansing.

Germany is another country after world war one, it suffered from hyperinflation. wars are not cheap - they had loads of dept and had to pay off those dept, simple approach was to just print lots of money , the money eventually came back into the country and had devalued the currency, it came to the point where people where burning their money because it was cheaper than to buy coal for heating and cooking. to go back to gold, there is a German gold coin from the 17 century that could buy you a meal on the town today ,as it did back in the 17th century.

it aint all about making money and being greedy - speculating on stuff like gold or whatever.....that is what has caused this mess that the planet is today

I've been so poor that somebody stole my food stamps.

Dont hold back DL,I agree you over expose yourself (living like a king)one day it will alway's bite ya!

mac

PS DL,enjoyed your stir on the other post! kite v windsurf.

mac

lol DL

DL said...

cwamit said...
it is great that interest rates are down for those that can hold their job, think of the people that have lost their jobs, the miners, the financial sector they no doubt have dept, probably a mortgage

Shouldn't have bought that new V8 Landcruiser, jetski and holiday house on the coast on debt when you got promoted to mine manager / hedge fund manager. If you are willing to accept risk, you should be willing to accept the consequences.

You make your bed, you sleep in it.

i don't think recessions an unemployment just target landcruiser driving jet ski riding holiday home owning people.

they're normally the ones that can sell assets and recover.

it's the poor that get kicked the hardest.

I live in the western suburbs of Perth and I see V8 Landys, 4wd Beemers, Volvos and Porche Cayennes towing the BRATS to the $17000 a year schools when there is a perfectly good public transport system that only costs a gold coin.

What recession ???

This bad:

"Merrill Lynch & Co Chief Executive John Thain has suggested to directors that he get a 2008 bonus of as much as $10 million...

http://news.yahoo.com/s/nm/20081208/bs_nm/us_merrill_bonus

The global finacial meltdown has been an excuse for the seppo govt to by the whole finacial sector and regain control from the the big multi national companies that threatened to take over the world. Power to the people even if it hurts the hip pocket a bit at first.

I take my hat of to the french and the greeks who really get out there and protest when thier angry at the govt.

You will know that we are in real trouble if they start issuing 200 millon dollar bank notes,like they are in Zimbabwe,their inflation rate is 157millon %, so a 200 mil note might buy you some bread.
Don't feel sorry for them because it was one of Africa's stronger economies until they started kicking out/assulting and killing the white Zimbabwens they all packed up and left the country,Mugarbage couldn't run an ant farm.