Comments on: America’s collapsing economy – a massively debt-based economy which can lead to bankruptcy

By: Vik Ramsoondur

Vik Ramsoondur — Sat, 11 Apr 2009 17:22:00 +0000

You may also like the write-up the link to which I'm posting here, Yash. For my part, I sure did. Check it out – http://www.gold-eagle.com/editorials_08/bloom030409.htmlIn particular, the following statement keeps reverberating in my cerebrum: 'The only way for the UK/US to remain in control of the world economy is to gain iron control over the entire world's banking system and ensure that fiat currency remains the currency of choice'.

By: Vik Ramsoondur

Vik Ramsoondur — Sat, 11 Apr 2009 16:44:00 +0000

That could be about to change sometime soon, perhaps:http://www.ft.com/cms/s/0/299e404c-011b-11de-8f6e-000077b07658.htmlThe Chinese are seriously wracking their brains devising means of productively utilising their $ 2 billion of dollar reserves. They may not keep buying American forever.

By: Josh Nursing

Josh Nursing — Sat, 11 Apr 2009 16:28:00 +0000

@Shah: I meant (subtly) that China was buying US assets :^)

By: Shah Nawaaz Peerally

Shah Nawaaz Peerally — Sun, 05 Apr 2009 01:40:00 +0000

LoL – China my country???> I am still better off in the US with the recession. In fact, my practice is growing. We have now reached almost 23 employees… the only thing is that I am stressed and overworked… I don't know about you but I think something very dramatical will happen….either good or bad!!!

By: Josh Nursing

Josh Nursing — Sat, 04 Apr 2009 16:33:00 +0000

Merci Anne, qu'en penses-tu ? Les fondamentaux sur la monnaie pourraient rester pareil s'il n'y a pas d'indexation sur un métal précieux et le mécanisme de dette et d'intérêts peut aussi demeurer un facteur inflationnel. Est-ce que ce serait temporaire ? Cependant, les actions sont traditionnellement un indicateur qui devancent l'essor économique.Le marché des produits dérivés est énorme alors j'ai l'impression que ça pourrait influer beaucoup sur les risques systémiques.

By: Anne Robert

Anne Robert — Fri, 03 Apr 2009 16:07:00 +0000

http://www.lesaffaires.com/article/0/economie/2009-04-03/491413/aton-vu-le-pire-de-la-reteacutecession–.fr.html

By: Josh Nursing

Josh Nursing — Wed, 01 Apr 2009 19:44:00 +0000

True, true, Vik.@Shah: isn't China your country now?

By: Vik Ramsoondur

Vik Ramsoondur — Tue, 31 Mar 2009 00:45:00 +0000

I do know that, Yash, which is why I qualified my statement quite heavily. I was merely reiterating remarks uttered by a number of observers, not necessarily voicing out my own view of things. China, if I'm not wrong, is also still experiencing positive growth, although that has slowed.

By: Josh Nursing

Josh Nursing — Mon, 30 Mar 2009 19:31:00 +0000

@Shah, Vik: if you look at FT's G20 interactive graphic here, all the economies are recessive, including Canada's. The only one forecasted to still be positive are:1. Argentina 2. Brazil3. India4. Indonesiahttp://www.ft.com/cms/s/0/e39aacb6-0e49-11de-b099-0000779fd2ac.htmlVik, about 75% or more of Canadian exports are to the USA, so if the US cannot consume or import, Canada suffers too.

By: Vik Ramsoondur

Vik Ramsoondur — Mon, 30 Mar 2009 08:33:00 +0000

All developed nations are admittedly in the midst of a recession. However, the consensus among commentators, at least those whom I have read, is that Canada is not quite in dire straits, given the plight of her main trading partner, the US. This is evidently a relative assessment, and one which has to be taken in light of all relevant internal indicators and exogenous factors.The Nordic states (barring Iceland) are not faring too badly either.