According to CNNMoney.com, during November, the U.S. economy shed jobs at the fastest rate in 34 years - and experts say December could be even worse.
And it isn’t just the US suffering, the world seems to have gone into economic meltdown – the UK, Europe, Asia, the Middle East are all the same.
Okay, so I admit I’m a little naïve, but I have to raise the question ….. Why?
Where has the money gone? Who stole it? Has the wealth of the world disappeared overnight?
How can the whole world catch pneumonia just because America sneezed? The world resources are still the same (apart from the bits that are used like oil), the total money in the world is the same, total gold reserves, copper reserves, diamond reserves are the same. What the hell is going on?
Recession.
To my way of thinking, the world has gone into panic mode and TALKED itself into recession.
I can understand a couple of countries doing badly whilst another couple do well – things remain in balance – not nice for the poor buggars doing badly, but fine for those doing well. What I can’t come to terms with is EVERYONE doing badly. The wealth is still there somewhere, surely …. Or is it stashed in the coffers of fat-cat bankers?
Maybe the problem is the daft people in power have frightened everyone into holding onto purse-string too tightly. Maybe they ought to say, ‘hang on folks, we got it wrong, we aren’t poor after all’, then people would start to spend again, and wow, the money goes around – no recession!
Okay, so here’s the Barnett theorum to ending the recession – SPEND your way out, guys. Put your hands in your pockets and stop being such a scaredy-cats.
- Next post on Bedlam - California.
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End of post - Job picture could get even worse.
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