UNMODERATED FORUMS for Townsville Australia & James Cook Uni

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


UNMODERATED FORUMS for Townsville Australia & James Cook Uni

Postby russellm » Thu Jan 15, 2009 9:49 am

New UNMODERATED FORUMS for Townsville NQ, Australia & James Cook University

Townsville FORUMS:

Townsville, North Queensland, Australia..
James Cook University of North Queensland, Townsville, Australia
.

Below the TEXT and images, are the URLs/hyperlinks to the many aspects of this topic. CLICK on any image on this page to take you to that Website.


The Global Regions & Localities FORUMS Section of the NEWS & MEDIA FORUMS Image of HaigReport Website ie Image now has a section for Townsville, North Queensland, Australia.. Another of our Bulletin Boards Image has a section for James Cook University of North Queensland, Townsville, Australia.

I am pleased to say that our websites [ View list of WEBSITES and Bulletin Boards ] have phenomenal Google Yahoo et al rankings. Hence, you will find our sites including the new TOWNSVILLE FORUMS coming at or near the top of Internet searches.

Also, please do not be too concerned that the material you post could be viewed as too defamatory, by some people, especially those about whom it is the truth, as the claim of 'DEFAMATION' is the 'REFUGE of the ROGUE'. I know a little about the law. I have an LLB. You may remember me from my time in Townsville during the 1980's as the Accountant Principal of Image

Importantly, the servers on which the websites are resident are NOT in Australia, so they are not in the Australian legal jurisdiction - but still the corrupt Detective Superintendent Brian Hay, of the Queensland Police's 'Fraud and Corporate Crime Group' [police are major fraudsters] has engaged in protecting politically motivated corruption that has existed and grown in Australia for over 34 years and tried to 'take down' my websites - UNSUCCESSFULLY. Plus he had a second attempt to silence me via
Google

Writing an OPEN LETTER as a NEWTOPIC in one of our forums is as simple as writing an email. So, if you have a gripe with, say the Townsville City Council or with anyone else in Townsville or at JCU, I suggest you consider writing them an OPEN LETTER on these FORUMS. You can, if you wish, then send them an email advising them of the URL of your OPEN LETTER to them on our forums. However, I have found it better to not advise my target, as they will be told of it by someone else, by which time it will have been OnLine for longer and they will be more concerned. If I am writing a FORMAL COMMUNIQUE, to say a government department [of public sector parasites] I consider there is more value to my writing if more people have an opportunity to read it. Hence, I publish it. I advise them by email of the URL. That is then like am attachment to an email. Email is a perfectly legal method of communication with government. The Internet is the NEW FRONTIER.


  1. Townsville, North Queensland, Australia..
  2. James Cook University of North Queensland, Townsville, Australia
  3. Global Regions & Localities FORUMS Section
  4. NEWS & MEDIA FORUMS
  5. Image
  6. HaigReport Website
  7. Image
  8. Townsville, North Queensland, Australia.
  9. Another of our Bulletin Boards
  10. Image
  11. James Cook University of North Queensland, Townsville, Australia.
  12. View list of WEBSITES and Bulletin Boards
  13. have phenomenal Google Yahoo et al rankings.
  14. Image
  15. the corrupt Detective Superintendent Brian Hay, of the Queensland Police's 'Fraud and Corporate Crime Group' [police are major fraudsters] has engaged in protecting politically motivated corruption that has existed and grown in Australia for over 34 years
  16. the corrupt Detective Superintendent Brian Hay, of the Queensland Police's 'Fraud and Corporate Crime Group' [police are major fraudsters] had a second attempt to silence me via Google
  17. The Internet is the NEW FRONTIER.
regards,

Image
CLICK on image => My Election HOMEPAGE

Russell G H Mathews BCom BSc LLB BA
View list of my WEBSITES and Bulletin Boards

Email: http://HaigReport.com/eml.html
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