Inside Story – Financial crisis and Asia – 22 Sep 08 – Pt 1
Wednesday, November 18th, 2009 at
1:08 am
A special inside Story show from Kuala Lumpur where we examine how the financial turmoil on Wall Street has affected Asian markets and economies.
Tagged with: al • Asia • crisis • economy • financial • Inside • japan • jazeera • markets • stocks • Story • Street • Wall
Like this post? Subscribe to my RSS feed and get loads more!
This is another clear example of the unnecessary folly of globalization. Instead of countries becoming independant weve become interdependant of each other. When one country crashes it affects another country and so on. Corrupt short sighted politicians are to blame for this mess. The real blame lies with the american people also.
the real blame lye’s with the polices of the F.E.D. and a centrally planed economy(interest rates set by F.E.D.)
the days of the nation state are numbered my friend. we ARE interdependent — with or without global capitalism. the task at hand is to cooperate globally for peace, justice and equality. independent nations will forever be at war for resources. the only hope for a post-capitalist world is global cooperation after the death of nation states.
SINCE 1992 THE OFHEA WAS PAID OVER 65 MILLION a year TO SUPERVISE THE GOVERNMENT OVERSIGHT OF just 2 corporations FANNY MAY AND FREDDY MAC………AND THEY REPORTED TO CONGRESS a clean record, no problems.
OFHEO Oversight
was and is a SHAME….
Nationalism will never die, as a matter of fact it has strengthened more and more especially in the 3rd world thanks to the destructive policies of the governments of Europe and the united states. Admit it, interdependent has made the US and other nations weaker than if we just mind each other business.
The founding fathers were wise to promote that idea of isolationism which kept the US out of trouble until WW2. I agree we should cooperate globally for peace but not through violent intervention i.e. the UN and NATO. Also you dont have to be at war to be an independent nation you still can have friendly trade with other nations, and thats where relations should stop. Which means NO medaling in other countries internal policies.
Thats exactly what the western powers have done in the 3rd world and now the 3rd world is rebelling. Because of this lecturing and medaling the world is much more violent place thanks to the arrogant Neocons and the internationalist liberals.
Youre living in a pipe dream to believe that sovereign nations will be destroyed. That would be like destroying human nature. People historically have always wanted theyre OWN territory governed by theyre OWN laws, and without outside alien influences if possible. Thats the way its always been and it will forever be my friend. So get used to it.
nationalism has not helped the nations of the periphery. it would have been much better for the people of africa had they united into one single super-state the way people like lumumbe and others dreamed — people murdered by the c.i.a. and other agents of the western powers who much prefer a world of hundreds of tiny countries they can easily control.
A single super-state? Thats easier said than done. That never happened because people in Africa have theyre own interests and thats just how humans are. This for greater good and interdependence trip is nonsense it just leads to more chaos, and its an unnatural and communist like idea.
With nationalism at least the leaders pay more attention to there own people rather than worry about what other countries are doing internally whether they be laws we dont like or the way theyre government runs. Its none of our business. Nationalists like myself mind theyre own business and take care of themselves rather than rely on the UN or the World Bank to fix things for them. This is good because it would eliminate foreign aid dependencies to these countries.
It was the worst idea to build the global financial system with the United States as the main pillar. The pillar crumbles and the rest follow.
at least for a little while. China and russia has the biggest savings in money,metal and gold. China can make anything they want. USA is only 300 million people. And both countries have seen the coming collapse. They have a plan to turn the economy inward, us their own people as the new consumers, replace the money system. When USA falls the standard of living will skyrocket in china, and will become the new “PILLAR” in due time. you’ll see. China isn’t so dependent on us as we once thought.
the whole world is going to tip over..
take cover.. ti is going to hurt
It’s easy to evade this crisis. Asian countries should change their foreign currency from USD to Euro…
SEIZE CRIMINAL CAPITALISTS’ ASSETS
US should solve THEIR problem.We they get money they keep for themselves but when they have problems they want to share with the rest of the world.The play their economy like a cassino.They use their money for war.
They are so futile. When we want to help poor people they don’t have money but when US ask for money the whole world help them…why?
I’ve been writing for 2 years US was close to bankrupcy. Reasons?
60% of debit (GPN) increasing 1.2 tillion each year. No more competitiveness. High level ofcorruption (Republican did not control speculative manouvers)
vote other than republican or democrat,or just do not vote,we do not count anymore!!!
VOTE OTHER THAN REPUBLICAN OR DEMOCRAT.
OR JUST PLAN DO NOT VOTE, WE DO NOT COUNT ANYMORE.
“Marc Faber of Marc Faber Ltd. in Hong Kong, said the U.S. government’s rescue package for the financial system may require as much as $5 trillion, seven times the amount approved. Chinese banks are banned from lending money to US firms and the whole world will follow suit. Americans must change the system or go broke, enslaved by the crooks! The Fed -led banking monopoly is bankrupt!
aint it lookin like the us is playin with the whole fuckin world!?
one day the us is gonna be so much fucked that the most parts of them will be privatized like it is allready in some parts….youll see 1984 will happen for sure but on other ways we expect but it actually will…all thoose kinda prophecies are just fucked up ideas of some weird borderliners takin all the power(money) one their side and youll see everyone without enough power will be enslaved(human resources ^^)
Here’s my two pence : People should stop living uselessly lavish lifestyles.
I am really surprised at how world’s largest economy seems to be collapsing in just few month’s time. I suspect that companies are washing their dirty laundry in the mayhem of the financial crisis. It is a good reason to lay off workers when everyone is crying slump.