I do not agree...
One bit with any of the measures that governments take to overcome the "Financial Crisis"! The crisis was long in the coming and certainly long overdue. Read my blog dd. Tuesday July 10, 2007 Stock Exchanges, an investment medium?
So? When you gamble, you win and laugh but when you loose, you take it on the chin! Big boys don’t cry! And they are right now. Sis on you!
So, what is my solution?
1- Investors own the banks. Toughies. Let the banks go bankrupt and the law take it’s course. Legislation can be passed that the innocent average person must stay in his house, the debt accumulates and repaid in the future, when possible.
Why must innocent people loose their houses and savings because they were ill advised/informed? Read the Sept 2007 blog Please, please tell me...Those careless managers who ill advised/misinformed must be prosecuted and made to pay financially and with heavy community service.
Let me add that those who professed that credit (consuming the future now) is good for the economy must be called to book too. You know whom I mean! Read the blog Sunday, June 24, 2007 Reserve Bank Option, Monday, January 29, 2007 Debts and Credits2- The capitalistic system is such that when a bargain is to be had, it will be taken up. Those Bankrupt banks will be bought up and rebuild.
2- Commerce and industry going with cap in hand to government for public funds? You have to be joking. The same principle applies. Let Ford, Chrysler and General Motors hit the bankruptcy wall. Gamblers appointed the management and ran the risk.
3- We all make mistakes and have to pay for our own mistakes. I did and still do! Some 15 years ago, I was innocent and very stupid enough to believe in the justice system. There is but one justice: When we die. Until then, it is just a matter of money, power, bribery and corruption. Nobody will ever convince me otherwise. I lost everything, including my pension. It was my decision to take the company to court. No one else’s. Warnings on man made justice can be read in all sacred writings. Read the blog Saturday, October 14, 2006 Justice. I thought I knew better!
4- Governments must be made to account, not to their hidden masters but to the people. Again, I stated that voting should never be a right but a duty (as it is in Belgium). There does not exist a democracy when a minority votes. Read the September 2008 blog: The majority hardly EVER rules... July 2008 What? Did you say democracy? Nov 2007 The “Economist” writes utter nonsense… Tuesday, October 03, 2006 Voting, Saturday, January 13, 2007 Democracy
5- What I wrote on January 2007 still applies: Our search for happiness is natural but “No human being should consider himself happy for as long as there is hunger and suffering in this world. Happiness cannot rests on misery. Hunger cannot rest on gluttony.” The solution? Simple: Read the blogs of January 2007 A better world and August 2008 Discarded golden rules...
6- Finally… Virtually all civilisations disappeared when their bellies were full and they lost their morality. L’histoire se répète! N’est ce pas?
So? When you gamble, you win and laugh but when you loose, you take it on the chin! Big boys don’t cry! And they are right now. Sis on you!
So, what is my solution?
1- Investors own the banks. Toughies. Let the banks go bankrupt and the law take it’s course. Legislation can be passed that the innocent average person must stay in his house, the debt accumulates and repaid in the future, when possible.
Why must innocent people loose their houses and savings because they were ill advised/informed? Read the Sept 2007 blog Please, please tell me...Those careless managers who ill advised/misinformed must be prosecuted and made to pay financially and with heavy community service.
Let me add that those who professed that credit (consuming the future now) is good for the economy must be called to book too. You know whom I mean! Read the blog Sunday, June 24, 2007 Reserve Bank Option, Monday, January 29, 2007 Debts and Credits2- The capitalistic system is such that when a bargain is to be had, it will be taken up. Those Bankrupt banks will be bought up and rebuild.
2- Commerce and industry going with cap in hand to government for public funds? You have to be joking. The same principle applies. Let Ford, Chrysler and General Motors hit the bankruptcy wall. Gamblers appointed the management and ran the risk.
3- We all make mistakes and have to pay for our own mistakes. I did and still do! Some 15 years ago, I was innocent and very stupid enough to believe in the justice system. There is but one justice: When we die. Until then, it is just a matter of money, power, bribery and corruption. Nobody will ever convince me otherwise. I lost everything, including my pension. It was my decision to take the company to court. No one else’s. Warnings on man made justice can be read in all sacred writings. Read the blog Saturday, October 14, 2006 Justice. I thought I knew better!
4- Governments must be made to account, not to their hidden masters but to the people. Again, I stated that voting should never be a right but a duty (as it is in Belgium). There does not exist a democracy when a minority votes. Read the September 2008 blog: The majority hardly EVER rules... July 2008 What? Did you say democracy? Nov 2007 The “Economist” writes utter nonsense… Tuesday, October 03, 2006 Voting, Saturday, January 13, 2007 Democracy
5- What I wrote on January 2007 still applies: Our search for happiness is natural but “No human being should consider himself happy for as long as there is hunger and suffering in this world. Happiness cannot rests on misery. Hunger cannot rest on gluttony.” The solution? Simple: Read the blogs of January 2007 A better world and August 2008 Discarded golden rules...
6- Finally… Virtually all civilisations disappeared when their bellies were full and they lost their morality. L’histoire se répète! N’est ce pas?
posted by Unknown | 12/06/2008 06:27:00 am
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