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kaanibaa
United Kingdom
1169 Posts |
 Posted - 26 Sep 2008 : 20:45:58
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Dear Bodwick
I hereby reproduce your postings in the above regards , to me it is laughable that your predictions are falling flat , it seems what we now face is a collapse which you were so certain cannot happen.Read on my friend......
kaanibaa, I think it’s safe to say the World will not catch fire. There may be outbreaks in California and in Australia but it’s unlikely to spread across the World. So the living can rest easy and the dead can stay dead.
You exaggerate your imagined ’scary scenario’ into something it’s not. There is no downfall of the major economies about to turn the West into some sort of Gambia clone. The idea is laughable.
As for the suggestion that the supposed poor downtrodden people of your dear Gambia who you assume live at level zero will somehow be joined by the rich of the West as they travel to poverty street? Well I’ll leave you to imagine this scenario as it’s so far off from reality that I can’t be bothered explaining why this will never happen.
Bod.
I just hope you have changed your opinion on this issue as it is a hot burning one right now unless you are not on this side of River Jordan. There are predictions of doom and gloom and those who are most in fear are the super rich, you see they are so high up that pedestal of feel good utopia now that the prospect of going down under is looming I can imagine some contemplating suicide and all those things that silly foolish people do as it were. See your reply soon |
Edited by - kaanibaa on 26 Sep 2008 20:55:01 |
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Santanfara
3460 Posts |
Posted - 29 Sep 2008 : 22:22:24
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| congress reject the bailout plan. things finally fall part. get ready for the job losses. |
Surah- Ar-Rum 30-22
"And among His signs is the creation of heavens and the earth, and the difference of your languages and colours. verily, in that are indeed signs for men of sound knowledge." Qu'ran
www.suntoumana.blogspot.com |
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kaanibaa
United Kingdom
1169 Posts |
Posted - 29 Sep 2008 : 22:40:19
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| I still wait to hear from Bodwick, this topic is definitely hot pepper soup and needs to be taken at this crucial moment.The American Congress threw out the Bailout Bill leaving the Wall Street gurus in shock. Come on Bod say something now!Huh! Give us hope men.... |
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Santanfara
3460 Posts |
Posted - 29 Sep 2008 : 23:04:35
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Kaanibaa, Bod may not fully understand what is at stake here. the wall street gambled away the wealth of the ordinary hard working people. now they have stored way this wealth in offshore accounts. they knew the booble will be bousting. they believe that the financail panick will cause politicians to support their reckless behavour. but the sad thing is, it is the same ordinary people who will be suffering. many companies are requesting their staff to go on voluntary redundacy and many small businesses are already folding, especially those in construction and property market. estate agents and valuers are also feeling the heat. and the common comments by right wing western politicains concerning finding alternative fuel is all bull-crap. the Golf countries are now utilising more of other business sectors than petrol and saudi Arabia has now got so many experts of finance and stock market that they can function without the petrol. the IDB (islamic development bank) has develop financial systems and halal products that can be traded in open stock markets. this products are interest free, thus avoiding the crazy debt securitisation madness.
if Russia, china and Saudi Arabia should convert their dollah reserves into Euro or Dinar, the dollah will devastatingly collapse.
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Surah- Ar-Rum 30-22
"And among His signs is the creation of heavens and the earth, and the difference of your languages and colours. verily, in that are indeed signs for men of sound knowledge." Qu'ran
www.suntoumana.blogspot.com |
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Hiz Princess
United Kingdom
464 Posts |
Posted - 30 Sep 2008 : 18:35:01
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Kaanibaa and Kayjatta while I agree with your sentiments over the greed of these fat cats.
They are not the ones that will suffer in this crisis.
Lets not forget the 1000s of backroom staff that have been left behind in this and many other messes these are people some of whom work long hours for minimum wage they are the ones caught beneath the rubble as the economic crisis crumbles. |
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kaanibaa
United Kingdom
1169 Posts |
Posted - 01 Oct 2008 : 15:06:37
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| Hiz Princess, You perhaps see me gloating , but my darling; far from it is my feeling. I was simply ,like some other posters; trying to discuss the possibility of such an eventuality and what it would mean for poor economies like my own country to wit The Gambia. To my utter dismay Bodwick gave me a kick in the mouth for uttering that the scene would be utter misery but that this would mean we would have more suffering and that is in addition to what we have been suffering. Perhaps he was praying that this would not happen as he was firmly convinced that the economies i alluded to were on very sound foundations and that even a Tsunami could not destroy them; alas this is not the case.I wanted him to come again and enlighten my poor foresight on the issue but he seems to have disappeared from this forum. Sorry for upsetting any one, and I pray that this situation normalizes and that the economic gurus come up with a solution to avert the suffering we all so much fear would follow , amen. |
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kayjatta
2978 Posts |
Posted - 01 Oct 2008 : 15:33:49
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| The bill will be passed later today ... |
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turk
USA
3356 Posts |
Posted - 01 Oct 2008 : 21:31:35
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| socialist revolution. Not the end of the history yet? Bush is not the last man? |
diaspora! Too many Chiefs and Very Few Indians.
Halifa Salah: PDOIS is however realistic. It is fully aware that the Gambian voters are yet to reach a level of political consciousness that they rely on to vote on the basis of Principles, policies and programmes and practices. |
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Hiz Princess
United Kingdom
464 Posts |
Posted - 01 Oct 2008 : 22:51:02
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Kaanibaa thank you for your response I wasn't upset by your postings I actually agree that no econmic instution has financal immunity and I understand what instigated your posting
Kayjatta is that to do with the bank bail out package? I thought it was rejected have they revised it?
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kayjatta
2978 Posts |
Posted - 01 Oct 2008 : 23:04:48
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| yes, the amendede bill will be voted on by Congress today ... |
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Hiz Princess
United Kingdom
464 Posts |
Posted - 01 Oct 2008 : 23:10:12
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quote:
Originally posted by kayjatta
yes, the amendede bill will be voted on by Congress today ...
Yes I have just put the news on trying to understand the amendment.
We here will probably here the outcome during our morning coffee.
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shaka
996 Posts |
Posted - 02 Oct 2008 : 00:05:05
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Bailouts, Nationalisation..... who would have thought that we would have ever heard this language from one of the most conservative right-wing governments in American political history. They stuffed their ears with rubber pads(whilst enjoying a house majority) when the socialists foresaw the looming disaster and called for regulations of the market to protected home owners and tax payers. If the market is supposed to regulate itself as the cons have been preaching all these years why is the Bush government suddenly worried sick, bailing out and nationalising American firms that have gone under? It certainly is not the end of the history but the Bush admin will leave behind one fcuked up lagacy.quote:
Originally posted by turk
socialist revolution. Not the end of the history yet? Bush is not the last man?
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turk
USA
3356 Posts |
Posted - 02 Oct 2008 : 01:18:13
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| shaka. i was refering fukuyama's book. and you are right. |
diaspora! Too many Chiefs and Very Few Indians.
Halifa Salah: PDOIS is however realistic. It is fully aware that the Gambian voters are yet to reach a level of political consciousness that they rely on to vote on the basis of Principles, policies and programmes and practices. |
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shaka
996 Posts |
Posted - 02 Oct 2008 : 15:56:33
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Turk i have not read Fukuyama's book but he certainly makes a lot of sense in what he said. I am sure will see more Bushes and social revolutions in the future along the production line.
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turk
USA
3356 Posts |
Posted - 03 Oct 2008 : 04:37:12
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I still tend to agree bodwick assessment though. This may not be long term big deal, it is just reality of boom-deep cycle of economy, recesion. The impact is greater due to the extraordinary situation that iraqi war and its negative impact.
In the long run, maybe 50+ years, western economies are vulnurable though. Their traditional colonial base economies rich the top potential, it will stay like this for a while because they still have the monopoly of technology and capital. But as the china/india/brasil/Indonesia/Mexico/Turkey/Rusia economies improve, and western population will get older, western economies will start to decline. But that may not happen if the west starts a third world war to eliminate the competition.
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diaspora! Too many Chiefs and Very Few Indians.
Halifa Salah: PDOIS is however realistic. It is fully aware that the Gambian voters are yet to reach a level of political consciousness that they rely on to vote on the basis of Principles, policies and programmes and practices. |
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