Podcast: Play in new window
Reading wiki – “1997 Asian financial crisis” – this AM ( accidentally actually – while nosing around to answer my question” if so much of the world’s nations are severely indebted – where is the IMF getting it’s money? )
Lots of “Take II” happening re: ’1997 Asian crisis’.
I don’t have time nor inclination to understand much of any of this stuff at any real depth. It just seems rabbit hole after rabbit hole which one could easily spend a lifetime exploring. Seems one could get a PhD in acronyms alone.
So I learned some more detail about the IMF, it’s history and function. Dumbed down equals… lots of folks are lending monies to other folks in dire need – with interest. Big ‘interests’ to ‘small interests’ – very Interesting. Could ‘interest’ be the metaphoric pump of so called ‘liquidity’? Well… it’s a question anyway.
I wonder if world economics could be generally explained using weather as an analogy?
I keep envisioning huge clouds of monies floating around the globe – called ‘investments – loans – and interest payments’.
“Climate Change” :)
You look younger with the shorter beard dude! Re-built ticker and a younger look – you’re ready for life – round II. :)
Most loans, are loans to `people`, so that they can pay off other loans.
I happen to switch over to Sky News last night whilst they were reviewing today’s newspapers. The only reason I didn’t continue scrolling through the channels was because some guy (a guest who’s name I don’t know) was arguing that our current lifestyles are not sustainable and that big changes are coming. He seemed quite passionate about it, but I don’t know what particular story rattled his cage. What struck me though, was Jacque Smith (our former Home Secretary) was the other guest and she just had this look of complete horror on her face and point blank refused to accept what the other guest was saying – claiming she didn’t share his pessimistic outlook.
PS – I am sooooo Rich :-D
Optimism is a vote winner (pessimism is a loser).
Optimism is for winners (pessimism is for losers).
It is better to have been an optimist, and wrong ………. than a correct pessimist.