Thursday, October 29, 2009

The global recovery is unsustainable

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7 comments:

Anonymous said...

printing money is never sustainable... especially printing money to bail out bankers..

ym

October 29, 2009 2:34 PM
Ghim Moh Resident said...

Agree.

The US government and governments in many parts of the world were also eager to declare an end to the recession where it barely started.

They came up with terms like "jobless recover". You wonder how can the economy recover when so many people are without jobs?

October 29, 2009 9:51 PM
Anonymous said...

Everyone in the world has no choice but to go along with the scheme...
we are all linked remember?
Governments round the world understand this very clearly and no one wants to rock the boat... its too dangerous!

So they all sing the same song... " all is well! all is well!".. the recovery is on track!!" " go and enjoy yourselves!!.. "
and the people went into the garden and danced in the sunshine...

October 29, 2009 10:50 PM
Anonymous said...

All governments try to create and present a beautiful set of report book.

Which government plan long-term growth (more than 5 years)?

Is it possible to implement long-term growth when each elected goverment has only 3 to 5 years in power under democracy system?

A better choice is printing money and become eclected hopefully in coming term.

The poor and lower-middle class are foreever suffering.

What is the way out?

October 29, 2009 11:36 PM
Anonymous said...

Election coming. Must paint good picture and give good tibits to cover up the screwup of Minibonds.

When recession happens, they said it is not their problem as Sgp is US dependent.

When recovered, they will say it's their effort to turn the economy around. Then after election, they will ask for pay increase. Same formula, works everytime.......

October 30, 2009 12:30 AM
Anonymous said...

1 simple word to describe the future:

STAGFLATION

October 30, 2009 2:02 PM
Anonymous said...

All that talk about lessons learnt from the recent financial meltdown is all a load of bullshit.

Hardly out of the woods and they are already talking about million dollar bonuses and rewards.

I am beginning to believe that they created this crisis to impoverish the common people in order to enrich the fat capitalist pigs. It happens once every decade. The common man slogs, saves and scringe only to have his meagre savings swallowed up by the money masters.

Greed, more greed and more greedier they become. Mankind is really smitten with greed.

October 30, 2009 3:23 PM

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