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 » Tue Apr 14, 2009 12:28 pm
See TOWNSVILLE FRAUD LINK to CORAL & HUGH McVEAN
See TOWNSVILLE FRAUD LINK to CORAL & HUGH McVEAN JEFF PASCOE, Barry Thompson, Barry Stanton, James Pascoe, Adrian Pascoe at Colliers International, Colliers International, Rocky Springs Rural Pty Ltd, Lancashire General Investment Pty Ltd, Lord Sam `Spam' Vesty of the UK's Vesty Group, Rocky Springs satellite city, Rotary International, Richard Ferry, Rita Partlett &.
The TOWNSVILLE FRAUD CONNECTION.
PHOTO: re 'Rocky Springs' and Jeff Pascoe [right], Richard Ferry , [2nd from left].
Full Description of Forum
The McVean FRAUD TRIO, that is brother John Alexander Francis McVean, Hugh Douglas McVean & Coral Louise McVean nee Mathews ALL HAIL from TOWNSVILLE.
This expose is built upon a simple proposition of Social Dynamics: How & why people form friendships & associations.
The connection is simple. Hugh McVean & Coral Louise McVean nee Mathews are FRAUDULENT CRIMINALS, in an AGGRAVATED MANNER. In the 1960's & 1970's, Jeff Pascoe was one of their 'BEST FRIENDS' in Townsville, as were Barry Stanton & Barry Thompson.
Hugh McVean's conduct in Townsville during that time was neither secretive or concealed. Hugh McVean & Coral & Hugh's brother John McVean engaged in Insurance FRAUD in Townsville during this time. See the Map & recent photo of the SITE of the McVean's Townsville Insurance FRAUD.
We are not alleging that anyone mentioned HERE, apart from the three McVeans detailed, are guilty of any criminal offences.
SEE WHAT I PLAN TO DO ABOUT IT!
CLICK on image => My Election HOMEPAGE
Russell G H Mathews BCom BSc LLB BA
View list of my WEBSITES & Bulletin BoardsEmail: http://HaigReport.com/eml.htmlHugh McVean is a parasitic psychopath, is from a criminal family, has a long criminal history and inculcated his innocent naive wife into criminal conduct.
This close group of 'friends' included Hugh McVean, Barry Stanton, Jeff Pascoe, Barry Thompson, Peter Cave and Coral McVean. Prior to this publication, we have only really publicly linked Barry Stanton of this group to Hughie 'Mr Hanky', Hugh McVean. We know that Barry Stanton is not particularly pleased with the publicity. 'BARRY STANTON - NOT HAPPY'
The 'Rocky Springs satellite city' was set to be developed on a 1594ha of grazing land off the Bruce Highway near Serene Valley owned by Rocky Springs Rural Pty Ltd and Lancashire General Investment Pty Ltd. The area is between Julago and Alligator Creek and has the Postcode of 4811.
Rocky Springs Rural is controlled by directors Richard Ferry, Jeff Pascoe and Rita Partlett, while Lancashire is owned by Lord Sam `Spam' Vesty of the UK's Vesty Group.
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