Tuesday, November 25, 2003
Panic now and avoid the Christmas rush
Some very heavy deadlines have kept me from posting much the last couple of days. However, panic now and avoid the Christmas rush, as they say. Life should start to emerge again from here on ...
If you read the archives of this blog, you will see that a while ago I mentioned worry over the long-term stability of the world economy. So four major items in one day this week really made me sit up. Is this just coincidence? I apologise that some of it is a bit heavy going, but taking the time will repay you (I hope!).
Firstly, Neville Bennett – in a very readable analysis – looks at why the NZ dollar has grown so strongly, and why the situation is not sustainable. While he focuses on the kiwi dollar, he shows how the underlying issues are global.
In my previous blog, I suggested that it would be a very good strategy in these days to get yourself as quickly as possible out of the clutches of the finance system. However, I am also very sceptical about conspiracy theories, and treat the “mark of the beast� and other supposedly end-times phenomena with a lot of caution. Nonetheless, I do share some of the concerns raised in this article, which discusses international banking and debt slavery. (It’s ironic humour will appeal to some.)
You don’t have to be a conspiracy theorist, though, to realise that something is terribly rotten in the corporate finance world. This article from The Guardian shows how one man’s arrogance has milked millions, if not billions, from his shareholders. And his partners read like a “who’s who� of the corporate jet-set.
Finally (and this is the heaviest of the four articles), we have an excellent analysis of the systemic problems which riddle the US finance companies, including mortgage and pension companies. Some serious chickens are coming home to roost.
Some very heavy deadlines have kept me from posting much the last couple of days. However, panic now and avoid the Christmas rush, as they say. Life should start to emerge again from here on ...
If you read the archives of this blog, you will see that a while ago I mentioned worry over the long-term stability of the world economy. So four major items in one day this week really made me sit up. Is this just coincidence? I apologise that some of it is a bit heavy going, but taking the time will repay you (I hope!).
Firstly, Neville Bennett – in a very readable analysis – looks at why the NZ dollar has grown so strongly, and why the situation is not sustainable. While he focuses on the kiwi dollar, he shows how the underlying issues are global.
In my previous blog, I suggested that it would be a very good strategy in these days to get yourself as quickly as possible out of the clutches of the finance system. However, I am also very sceptical about conspiracy theories, and treat the “mark of the beast� and other supposedly end-times phenomena with a lot of caution. Nonetheless, I do share some of the concerns raised in this article, which discusses international banking and debt slavery. (It’s ironic humour will appeal to some.)
You don’t have to be a conspiracy theorist, though, to realise that something is terribly rotten in the corporate finance world. This article from The Guardian shows how one man’s arrogance has milked millions, if not billions, from his shareholders. And his partners read like a “who’s who� of the corporate jet-set.
Finally (and this is the heaviest of the four articles), we have an excellent analysis of the systemic problems which riddle the US finance companies, including mortgage and pension companies. Some serious chickens are coming home to roost.
