tag:blogger.com,1999:blog-6708423.post6329228023275399989..comments2024-03-27T17:00:28.247+08:00Comments on Maverickysm Blogspot: Financial Knowledge for Dummies (Part 2)Maverick SMhttp://www.blogger.com/profile/02871611453372513136noreply@blogger.comBlogger7125tag:blogger.com,1999:blog-6708423.post-4350234743572223932009-05-15T10:37:00.000+08:002009-05-15T10:37:00.000+08:00i don't think the above will work. too lazy to go ...i don't think the above will work. too lazy to go into the details and reasoning, but anyway like i say it won't work. might as well do it like genghis khan, kill all those above 50 years old.<br /><br />what is needed is a 'New Deal' like the one suggested by Franklin Roosevelt in the 1930.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-6708423.post-58445465381760715822009-05-14T19:23:00.000+08:002009-05-14T19:23:00.000+08:00Interesting reading
This appeared in the St. Pete...Interesting reading<br /><br />This appeared in the St. Petersburg Times Newspaper. The Business Section had asked readers all week for ideas on "HOW WOULD YOU FIX THE ECONOMY?"<br /><br />This man nailed it.<br /><br />Dear Mr. President,<br /><br />Patriotic retirement:<br /><br />There are about 40 million people over 50 years old in the work force - pay them $1 million apiece severance with the following stipulations:<br />1) They leave their jobs. Forty million job openings - UNEMPLOYMENT FIXED<br />2) They buy NEW American cars. Forty million cars ordered - AUTO INDUSTRY FIXED<br />3) They either buy a house or pay off their mortgage - HOUSING CRISIS FIXED<br /><br />Like I have been saying, they are bailing out the wrong people.Jefushttps://www.blogger.com/profile/01137180439667237366noreply@blogger.comtag:blogger.com,1999:blog-6708423.post-76334203384498042892009-05-14T17:46:00.000+08:002009-05-14T17:46:00.000+08:00for obvious reasons, it is not applicable to the r...for obvious reasons, it is not applicable to the real financial situation.<br /><br />here in the story, everyone as a debt (liability), and also an equal amount of collateral (an asset to be collected) of equal amount to offset the debt he owns. this means that his books is not negative (liability exceed asset).<br /><br />the problem happens when his debt is not a viable, but a bad debt, eg a drunkard borrows his money. well, you know that you might as well kiss the money goodbye in this case. in the story, all of the lenders are honest people, and they immediately clear their debt asap. <br /><br />but in the real financial world in a crisis, most of the bank so call asset suddenly becomes zero, or virtually worthless. people who owns them money is not able to pay up. with the added equation of interest, and others cost. finally the problem snowballed into a financial crisis.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-6708423.post-5916435837716469962009-05-14T12:14:00.000+08:002009-05-14T12:14:00.000+08:00This will NEVER happen as long as there is somethi...This will NEVER happen as long as there is something call "government".<br /><br />The government will collect 10% from hotel service tax. Left EU90. When the chain of moneystart, the money figure will diminish because of tax. So when come to the hooker, it might only left EU50.<br /><br />USA and many country government REFUSE to tell anyone "where the money goes" before the economy crisis. Now you know. :)moo_thttp://caffeinbar.comnoreply@blogger.comtag:blogger.com,1999:blog-6708423.post-53311155339860545912009-05-14T11:31:00.000+08:002009-05-14T11:31:00.000+08:00no. that view is of an ultimate extreme end and as...no. that view is of an ultimate extreme end and assumes market is perfect. it never is & will never be. once you introduce the reality of money market leakages, currency valuation, profiteering ...etc etc, everyting will go haywire. Your next question would probably be, why introduce all these then knowing that it will cause instability. My answer, human nature. <br /><br />But of course, you know that...<br /><br />if that is the view we are going to take, then we should consider the purest form of trading. I think the country that came closest to this is probably North Korea, where no one owes to/owns from anyone except to & from the government. simple ya, but of course, kimjongII is no saint.ycgnoreply@blogger.comtag:blogger.com,1999:blog-6708423.post-52641843176460098782009-05-14T08:19:00.000+08:002009-05-14T08:19:00.000+08:00Yeap!
Why cant our Finance Minister think of this...Yeap!<br /><br />Why cant our Finance Minister think of this and solve country economic crisis....?Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-6708423.post-74340399448162131892009-05-14T07:09:00.000+08:002009-05-14T07:09:00.000+08:00The hotel owner charges the Russian 20 EU for canc...The hotel owner charges the Russian 20 EU for cancellation fees and so there's a profit of 20 EUAnonymousnoreply@blogger.com