What is the Current Financial Crisis About?
Friday, December 16th, 2011
To me the current “financial crisis” with a bailout to save the economy is coming with the help from the media manipulation factory to solve now the old bubble of sub prime mortgages. Some leaders create a crisis just before the reelection – the timing is perfect – and are asking for a bailout based on stories about very complicated financial instruments and other banks’ mistakes. We like to know more about “banks’ mistakes.”
All it is too similar with the manipulation for war case in Iraq and is coming from about the same team. Induce fear, spook and get approval for war or like now for whatever output is wanted, your money. The trade is: “Give the bailout or will be worse.”
The Financial Crisis Deepens As Unemployment Rises
Wednesday, October 19th, 2011
The current number of people unemployed in the U.K. stands at 1.79 million, increasing from 1.72 million in July 2008. The Unemployment rate stands now at 5.75%, the highest level of unemployment since in 1991 amidst the U.K.’s last economic recession during the premiership of John Major.
This increase has put extra strain on public funds, with an increase of 3.6% in claimants for jobseekers allowance – the biggest monthly rise since 1992. Redundancies have also been on the increase, with 138,000 people made redundant from April to June 2008, rising an incredible 78% from the three months previous. Redundancies have flowed from a number of sectors, although mainly those most affected by the credit crunch, namely Northern Rock, Ford, UBS, HSBC and investment bank Lehman Brothers. Meanwhile, the housebuilding industry has seen job losses of 6,000 per week.
The Global (Financial) Economic Crisis
Sunday, August 28th, 2011
Contrary to popular belief and what most of mass media is feeding the world’s citizenry, the global (financial) economic crisis did not come as a sudden phenomenon, which besets most, if not all, the countries in the world today.
The advent of the global financial crisis started around the late 1990′s to the first couple of years of the new millennium. With the recent shift towards more of a credit card-driven purchasing system of marketing and advances in Internet protocols which resulted to a heightened viability and practicality of e-commerce and the increase in use of credit cards thereof, consumerism has been upped several notches even to the point that an individual reaches a particular point where he or she is so much indebted that he or she can no longer manage to pay his dues on time. There maybe collaterals in credit and pre-need services but such cannot suffice for the millions even billions and possibly even trillions worth of funds outsourced to support consumer spending and extravagant lifestyle.
Personal Financial Planning After The Global Financial Crisis
Thursday, February 3rd, 2011
The global financial crisis (GFC) made a lot of people question their personal financial planning strategies. This always happens after a downturn or severe market correction. The fact that the GFC was the biggest market downturn in about 70 years and the whole world was affected caused more fear and worry than usual. In addition to that, the global markets have been slow to recover. It is understandable that many people would be wondering if it they should hang on to their original strategy or should they look for alternatives.
Is your strategy sound?