Analysis of the 21st Century World Recession;
the Global Financial/Economic Crisis
FULL detail of the Analysis of 21st Century World Recession
by Russell G H Mathews BCom BSc(maths) LLB BA(maths) See details
I make no pretense at fully understanding the 'global economy'. However, my thesis is that no-one else does either.
No-one understand how ALL the variables in this multi-variable model inter-relate. I doubt that anyone can even enumerate them all, let alone even count them all, or how they inter-relate. It is human nature to attempt to make order out of disorder. It is easy enough to start naming variable/parameters of our economy or global economy: interest rate, unemployment rate, standard hours worked per week, exchange rate, cpi, 'inflation rate', tax rates, volume of money, debt levels, quantum of foreign debt, ... It is not then difficult to 'measure' some of these variables and then 'model' how they inter-relate. Keynes did this in the wake of the 'Great Depression' nominally beginning in 1929. These would be 'theorists' then make the unvalidated assumption, which I proffer is incapable of validation of ceteris paribus; All else being equal.
The economy was in a state of 'Dynamic Equilibrium'.
World political leaders then pontificate that they understand the reasons for the Global Financial Crisis, [really Global Economic Crisis], and importantly how to overcome it. We have all heard all world leaders admit that they do not understand what is happening, not. So much for the TRUTH, THE WHOLE TRUTH & NOTHING BUT THE TRUTH. Clearly, they are liars. That is corruption and it is corruption, on a global scale, that has got us into this global mess. The corruption preceded 'sub-prime mortgages'.
The linchpin is 'PRODUCTION'. That is the important variable. The PRIME VARIABLE is NOT, money supply, consumption, debt level,
For many years now there has been a 'consumption splurge' in the western world. Consumption was too high by common agreement. Citizens were encouraged by governments to consume less, and save more. Governments were limited in what they could supply without 'overheating' the economies of the world. If governments tried to supply the items in the nature of capital goods/infrastructure that they should have been supplying, that would have created excess demand so driving up the 'inflation' rate. Citizens were not of a frame of mind to save more.
Now, those governments have their wish; consumers who are prepared to consume less, & SAVE MORE, yet the governments of the world gravitate to mass hand wringing. Governments of the world now have the opportunity to increase their spending on 'capital good' [ie other than 'single use' goods], and infrastructure, but are stuffing around instead, resembling headless chooks.
The morons in government around the world were heard to say, "How will we pay for it?" With MONEY. "Okay, but from where will we obtain this extra money?" Borrow it from the people who are saving it in the banks that the government has guaranteed, or from those banks..
This recession being experienced by the world now in April, 2009 will not be over soon. The 'governments' of the world, including the UN, IMF etc are responsible for this economic mess. The basic cause if FRAUD & CORRUPTION. Even within national economies, sectors are interdependent. Hence, provision of finance affects so many other sectors. For instance, to 'favour' on sector of the economy, say the motor vehicle industry, is to necessarily disadvantage another sector or sectors of that economy, and importantly, lead to a less than ideal allocation of resources. The ones disadvantaged are the less vocal. This is the slippery slope. The extent of this 'favouring' is exacerbated, to the extent that it or aspects of it can be kept confidential/secret. The Internet can have a major impact on diminishing the extent to which FRAUD & CORRUPTION can be kept secret. The internet will also have a major effect on discussion disproving so much government 'spin'.
There is so much wrong with the economies of the world. There are at present many major structural flaws [the term 'inefficiencies' doesn't really cut it], in the basics of many economies. Investors and 'p[layers' in the various economies cannothave complete faith in any economy while these basic flaws persist. The economic 'times' are unlikely to improve while governments favour [prop-up] inefficient industries such as motor vehicle manufacture.
A major shift in the economies of the world, the effects of which are barely evident at present. That is basically due to the advent of the Internet. The Internet will change the very nature of 'work'. Air travel for intercity 'meetings' will be much curtailed due to the increasing intrusion of 'video conferencing'. Working from home is increasing quite rapidly at present. The rate is accelerating. This will continue. This will greatly reduce the amount of travel and all the consequent disadvantages of travel, and commuting.
Because of the Internet, the world will never be the same as it has been, ever again. The populations of the world will come to realize this, and will have no confidence in any politician who says to trust him, and that it, "the great recession", will soon be over.
FULL detail of the Analysis of 21st Century World Recession
by russellm » Sat Apr 04, 2009 10:41 am
Conclusive SECRET AUDIO PROOF that Coral McVean, of Nambour, Queensland, Australia, is a Criminal & faces 14 years jail.
Coral's ABUSE of her BLIND MOTHER amounts to EMOTIONAL & FINANCIAL ABUSE of the ELDERLY.
This is the CRIMINAL CONDUCT, for which Coral McVean and Hugh McVean, each face 14 years in Gaol.
I REPORTED THESE CRIMES of ABUSE of the ELDERLY to the QUEENSLAND GOVERNMENT The CORRUPT labor GOVERNMENT REFUSED to PROTECT MY ELDERLY MOTHER Coral & Hugh McVean EACH face 14years GAOL for FRAUD as a FIDUCIARY. COMPLETE audio recording and transcript: IRREFUTABLE CONCLUSIVE EVIDENCE *HEAR & READ ALL of Coral's admissions of ABUSE OF MY MOTHER *Hear, & READ what Hugh & Coral made Mum do *Hear, & READ how Coral listens into the call so she too knows what she has to do as Mum's FIDUCIARY, because Mum wants her to do that Hear, & READ Coral's admission of her CRIMINAL ACT of FRAUD as a FIDUCIARY Hear, & READ how Coral ADMITS she has Power of Attorney for Mum and that she will CRIMINALLY ABUSE THAT Hear, & READ how Coral admits she will act CRIMINALLY. and ACTUALLY DOES ACT CRIMINALLY Hear, & READ how Mum admits she is subjected to the ABUSIVE WILL of Hugh McVean. Would Coral's 'Suicide' help Hughie? Will ToastMasters International continue to support these CRIMINALS? Will the Sunshine Coast 'Daily' Newspaper continue to support these CRIMINALS? Will Rotary International continue to support these CRIMINALS?
Relevant Qld Criminal Law re FRAUD as FIDUCIARY by Coral & Hugh McVean
Relevant Qld Criminal Law re FRAUD as FIDUCIARY by Coral & Hugh Proof of CORRUPT labor Queensland Government Coverup Relevant Qld Criminal Law re Fraud by Coral & Hugh The LAW: STEALING, FRAUDULENT APPROPRIATION, CONVERSION. 14 year's GAOL is Penalty for STEALING as a FIDUCIARY In LAW, it is clear that CORAL & HUGH stole MY MONEY-special interest Definition of 'Stealing' Meaning of appropriation †and Dishonest [FRAUDULENT] appropriation Consideration of the nature of CRIMINAL 'Conversion of property': Penalty for 'Dishonest appropriation'.
Coral's ABUSE of her BLIND MOTHER amounts to EMOTIONAL & FINANCIAL ABUSE of the ELDERLY Coral & Hugh McVean face 14years GAOL for FRAUD as a FIDUCIARY. So, Deal with Coral McVean and Hugh McVean at YOUR OWN PERIL *HEAR AUDIO RECORDING of Coral's refusal to do her LEGAL DUTY [forget about her MORAL duty], to HELP HER OWN MOTHER Coral and Mr Hanky McVean's PLAN TO ISOLATE & CONTROL Mum The LEGAL DUTY which Coral McVean had agreed in LEGAL DEED to perform
Mr Hanky McVean and Coral had me threatened with TRESPASS if I visited my motherMr Hanky McVean and Coral had me threatened with TRESPASS if I visited my mother. Coral and Mr Hanky McVean's PLAN to STEAL all of Mum money, plus mine too Rap recording, using some of Coral's 'brillant' Comments. What was driving Mr Hanky Hughie; Hugh Douglas McVean? Transcript of some of Coral's REAL FRAUD. The Reason that Coral speaks so fluently, especially in inpromptu speeches. It was inevitable that Coral would be a 'Toastmaster'. Coral was a 'PLODDER' at school, Conclusive SECRET AUDIO PROOF that Coral McVean, of Nambour, Queensland, Australia, is a Criminal & faces 14 years jail.
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