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Please answer my global recession question

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posted on Aug, 20 2011 @ 01:05 PM
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Originally posted by hypr2011
well seeing how some countries can and can't grow certain fruit, like Canada can't grow citrus unless it was inside a greenhouse or something it might be the thing, but its weird.


Thats a terrible misconception, Canada isn't that cold.




posted on Aug, 20 2011 @ 01:32 PM
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Sometimes it's cheaper to import fruit than to grow it locally. Besides, there probably aren't enough farmers interested in starting production of certain produce due to lack of local demand, not enough land or capital or know how, or they prefer to grow something else, etc.



posted on Aug, 20 2011 @ 06:05 PM
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reply to post by eldard
 


So giving the people the money causes inflation? But, giving the banks does not?

If inflation is caused either way, wouldn't it be more beneficial in the hands of the people, rather than in the hands that caused the problem to begin with?

Pred...
edit on 20-8-2011 by predator0187 because: (no reason given)



posted on Aug, 20 2011 @ 06:07 PM
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The answer is simple: because all the world's currency uses the dollar as their reserve currency. That's how. And because the dollar is backed by nothing, the global economy is essentially an illusion based on trust, or rather mistrust and ignorance.

I think it was Thomas Jefferson who said if people were aware of the banking system, there would be a revolution in the streets tomorrow (or today). But, because people are unaware, the banking system operates. Interesting, no?



posted on Aug, 20 2011 @ 06:27 PM
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A global recession can exist because the world is bound together in opaque debt and a money supply that is unbounded. Unfortunately in a closed loop planet resources are not unbounded.



posted on Aug, 20 2011 @ 07:10 PM
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reply to post by supertrot
 


The whole World isn't in a recession .. just a few of the major economies are, mainly the USA .. but much of the World saw growth while the rest declined. Quit watching MSM news for economic information.
edit on 8/20/2011 by Rockpuck because: (no reason given)



posted on Aug, 20 2011 @ 08:36 PM
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reply to post by Rockpuck
 


True, though some of that growth is not good as we are seeing a lot of slowing and contracting economies reliant upon some of those fast growing economies which are overheating and there is a lot of global imbalances. The fast growing economies need to slow, and this will further hurt the already slowing economies. The globalised interdependent economy is having troubles which are becoming increasingly evident.



posted on Aug, 20 2011 @ 09:00 PM
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reply to post by surrealist
 


I'm not even talking about fast growing Asian economies, there were numerous European economies that did not see recessions (or very light recessions, Germany being a good example) Canada and Australia also only had slight contractions. Simple fact of the matter is that there was only 3 major recession areas in the World.. America, the EU Federal System (including the UK) though not all EU states were in a recession, and Russia which has had a severe recession. The rest of the World was only slight, or else avoided it for the most part.

(though the vast majority of the World's wealth was centralized in these economies, that is changing however.
edit on 8/20/2011 by Rockpuck because: (no reason given)



posted on Aug, 20 2011 @ 11:05 PM
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reply to post by predator0187
 


It will only cause inflation if the banks stop hoarding it. Really, you want inflation?



posted on Aug, 21 2011 @ 12:29 AM
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reply to post by eldard
 


No. The bailout has been spent already, but, if I had the choice the banks would have failed. I was saying with the bail money being given out, give it to the people not the banks.

The banks hoard everything...they are so smooth that they can lend money they don't really have...

Pred...



posted on Aug, 21 2011 @ 04:22 AM
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reply to post by predator0187
 


The bailouts weren't injected into the mainstream economy. It distributed as bonuses and invested on Chinese banks. QE2 went mostly to Europe.



posted on Aug, 21 2011 @ 12:28 PM
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reply to post by supertrot
 


My question is simple; how can a global recession exist..

 


a global recession could get started if all the Central Banks became insolvent and were not loaning out credit because their fiat money was in a state of disequilbrium as to it's real value.

that's why gold & other PM are getting to the point of going hyperbolic as to their value in fiat dollars~ now over $1,850.USD and racing towards €1,440 Euros.

with a global situation where some $600Quadrillion in Derivities hang over the bankers heads, not much can be productively done to get around the excessive 'Debt' and obligations except to take from the world's needs to pay off the Debt bets made by the money-changer elites of the world.



posted on Aug, 21 2011 @ 01:49 PM
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The US economic model is corrupt.

It used to be only Congress could make money. After 1913 Congress if it wants money must now borrow it from a private bank (Federal Reserve) and must pay back the money plus interest...Wait only Congress can create money....not after 1913.

All the US debt is for paying annual interest payments on debt...money borrowed long ago to make turds.

In essence the Federal Government now has to keep paying money to the Federal Reserve to pay annual interest payments on their borrowed money...which was used to make turds.

It's ludicrous. There used to be companies in the US where employee's worked and they were paid a paper money issued by that company, and they could only use it at that companies store. Thus no debt for turds...the company had a product to sell to the outside world from the labor.

Congress also has the power to give unlimited paper to Americans...and they can only use it in the company stores...so no debt is incurred for turds.

It's the only way America could get going again. Federal Reserve did indeed offer a model to get resources from other countries such as oil and goods with worthless paper....

But it made Americans homeless, jobless, and destroyed our quality of life. All a human wants is a home of their own and a job.....we can't even have that today.



posted on Aug, 21 2011 @ 02:08 PM
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Most of the global economy is dependent on exporting to the US. So economic contraction and consumption decrease in the US will also harm the exporting economies. This spreads recession around the globe like a wave.


edit on 21/8/11 by Maslo because: (no reason given)




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