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| Last Updated: Aug 15th, 2008 - 11:26:43 |
Newsletters
:
2008 Newsletters
:
28 March 2008
Thought for the Day
If we want a sound economy then we need to do certain things. As it is the private sector that generates the wealth and government that takes a proportion by coercion and redistributes it (less a charge for the service) it behoves us to ensure that we have a small and efficient government.
This will help us obtain higher productivity which has been slipping badly recently. Higher productivity means we grow the economy faster which means individuals become wealthier and as we become a wealthier country so we will be able to afford Hercepton for all women who need it. Funny thing but all the countries higher than us on the OECD wealth list provide full Hercepton therapy while we and others below us do not. Wealthy people have choices!
We must have a Justice system that provides justice for all and in a timely fashion. We seem to be failing here as well.
We need the sanctity of private ownership so that the state cannot just take what it wants but must obey the rule of law like everyone else. Labour's actions recently have reduced the worth of a number of organisations - Telecom for instance.
We also need to defend our shores and nature seems to have taken care of that quite well!
We need a police force to ensure the rule of law and that offenders are apprehended and given a fair trial. This need not be run by government and in fact the current police force is not able to meet the demands placed on it so we have taken to using private security guards instead.
But we also need a sound money system and that is becoming a problem around the western world. Week by week we examine the unfolding situation as banks around the world go belly up and are "rescued" by their Central Bank. We have lost a dozen finance houses who have rediscovered the problems of borrowing short and lending long. We know what will happen. Let us hope we can learn from this and stop it happening again.
Mar 28, 2008, 15:56
Newsletters
:
2008 Newsletters
:
28 March 2008
When The Going Gets Rough, Banks Yell For Nanny
A simple law of economics tells us that private enterprise creates wealth and that governments confiscate and redistribute it (at some considerable cost).
That is; Private Enterprise is the Golden Goose and Socialist Politicians cannot stop themselves strangling the poor bird.
Mar 27, 2008, 11:16
Newsletters
:
2008 Newsletters
:
28 March 2008
Emirs Take Pity For Now But Dollar's Dominance Is Ending
Now the journalists are starting to take notice of the world money system and in particular, the USA generated problems called "The Credit Crunch".
The big problem will be when the people of the world start to see what is happening and start to worry about their wealth.
If the once mighty US dollar is no longer the money of choice around the world - what then? Can another currency step in?
Mar 25, 2008, 15:58
Newsletters
:
2008 Newsletters
:
28 March 2008
Our Financial House of Cards
This is a very good explanation of how the banking system works and how it falls apart during a bust. The remedy is discussed although it is very unlikely that those who benefit from the present arrangement will allow it.
Never mind - we should know the truth.
[ Visit Website ]
Mar 21, 2008, 15:49
Newsletters
:
2008 Newsletters
:
28 March 2008
Backstopping Bear, Morgan Saved The Shadowy Derivatives World
JP Morgan has rescued Bear Stearns - Or did it just save itself?
We are getting into the murky world of real banking, where big money is made - and lost!
Mar 21, 2008, 10:50
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