I really just don’t get it, has Obama finally lost it and gone to live in cloud cuckoo land, if in debt go and spend, you can throw some weird financial theories at me about good debt and bad debt, spending more will stimulate the economy, you have to speculate to accumulate, you have to invest in infrastructure, it’s total rubbish in my view.
Back to basics, we need to get back to basics here, spending needs to be cut, spending more in the current economic culture will just waste more money and create more debt, simple as, you can never underestimate the power of local and central governments to waste money, and it will just increase corruption. It happened in Ireland during the ‘Boom’ years, millions and millions was pumped in from the EU and it was just wasted, if you speak to the people at ground level they will say they witnessed corruption, legal corruption mind you but still corruption, jobs for the boys and all that. The same will happen to the $450bn, the construction industry will be smiling with glee today at the prospect of getting infrastructure contracts, and with that much money in the pot they won’t need to be very competitive, part of the plan is to build new homes that people can’t afford, isn’t this the original cause of the problem?
It’s the same in the UK except spending is cut noticeably, but the underlying cause of the problem which is gross inefficiencies is not being tackled, they think they are tackling it, but you can’t beat efficiency gains into people, it’s a case of culture change, and until we change the culture of me me me, it’ll just get worse.
I think old JFK put it very well - ‘It’s not what your country can do for you, it’s what you can do for your country’ and it’s true of others’, if you are partaking in the forum you are at least likely to have a roof over your head, access to health care, money in your pocket, enough food, warmth, access to a car, have the odd holiday, and that makes you one of the lucky 5% of the world population.
Everyone wants more all the time, more forex profit, mega bucks, the mansion, the car the holidays, etc etc, if Forex allows you not to have to go to work and join all those greedy arseholes bosses that trample over anyone they care to choose to, isn’t that enough? The paradox though is, that once you settle for that and do that, the chances are you will end up with what you want, and it could well be less than what you think it is now!
There is nothing to fear but greed!
Oh, please don’t bash me for taking a moral high ground, it’s just food for thought.