In 1930, the world population was 1 billion (if I'm correct). But today world population is 7 billion. So, understandably today all the world problems will be worse and bigger. High population is the root cause of high prices, which transforms into other worldly problems.
<img src=http://www.usfunds.com/franktalk/img/COMM-Population-04252008.gif> Amazing really, up 5bln species in mere 70+ years, lots of bonking
High population is the root cause of high prices, which transforms into other worldly problems. Russia is a country with the bright future then. They manage to lose 700,000 people every year. Almost million souls less to feed every year. They are gonna get rich!! Do you know geniuses how to make God laugh? Tell him about your plans for tommorow.
Real estate price in Sky-high in Mega-cities such as New York, Tokyo, Mumbai, Moscow. But Real estate price in rural areas (villages) are rock bottom. Population in Mega-cities is Sky-high and in Rural areas population is Low. Food, Oil & Commodity prices have been highest-ever in 2008 because of China & India (2.5 billion) developing rapidly & getting rich. So demand for all the products was highest in 2008 which led to sky-high prices of all Worldly products. Remember the basic worldly rule-: Demand and Supply. "Mortgage crisis" was results of sky-high real estate prices which further led to "Banking crisis" In the end-: China and India are responsible for "global financial crisis 2008" which includes "Food crisis + Oil crisis + Metals crisis + Commodity crisis + Real esate crisis + all products crisis"
outstanding article, thanks for bringing it to our collective attention, this "thing" has not limited itself to the US borders, but has already been globalized.. just skipping from sub-heading to sub-heading tells this is a very well documented / researched article, well worth the reading time ------------------------ Worse than the Great Depression by Dr. Krassimir Petrov Global Research, November 4, 2008 www.financialsense.com ---------- The macroeconomic fundamentals today are much worse. We are in for a protracted period of economic depression â a depression much worse than the Great Depression, Duplicating Mistakes from the Great Depression Asset Bubbles â first in the stock market during the 1990s, then in real estate during the 2000s, pretty much mirroring the stock and real estate market bubbles of the 1920s. Securitization â although not in the very âultra-modernisticâ form and shape of the 2000s, with slicing and dicing of pools and tranches of seniority, it was widely recognized in the 1930s that securitization during the 20s drove the domino effect in the U.S. financial system during the Great Depression. Excessive Leverage â just like in 2008 the topic du jour is âdeleveragingâ, so the unwinding of leverage during the 1930s Corrupt Gatekeepers â we know well that the Enrons and Worldcoms were aided and abetted by the accounting firms â Financial Engineering â we are led to believe that financial engineering is a rather recent phenomenon Lagging Regulations â just like the regulatory environment lagged the events of the 1920s Market Ideology â back in the 1920s, Non-Transparency â back in the 1930s,
While I was very pessimistic about our economy over the last 10 years, primarily because of the rising debt/GDP ratio, the ever widening wealth gap between the rich and middle class, and the lack of any government oversight over the swindlers of Wall Street. However, I have become very optimistic. Why? Well, first and foremost we have competent people in charge of our government now. This is going to make all the difference in the world. Unlike the reaction of the Hoover administration, which was basically let banks and industry go bankrupt, the current administration and Fed policy, is geared in exactly the other direction. As long as the Feds backstop the critical arteries of our economy, we should get by without another great Depression, though the recession will be pretty bad. Whether it is bad as the one in the 70s, which was pretty horrendous, or the one in the 80s, which wasn't too bad, we shall see. From what I can see, the economy will be settling in by the second half of 2009 when monetary stimulus has finally taken hold, and fiscal stimulus is in full swing. Hoping for the best.
and, because the will of the American people to preserve their way of life and restore what works and preserve some simbalance of law and law enforcement, we should recover!