The Financial Tsunami ( FT ) - The Way Forward ( 2 ) - It is more blessed to be the Spender than the Scrooge.

The FT has developed into a catastrophe of such an epic proportion that the world's governments alone cannot revive the global economy to her healthy old self without the help of their citizens. Those who can still afford to spend must do so to save the world including themselves from falling into the endless abyss of a chronic economic depression. It really hurts to have, say 30 % or even 50 % of our wealth evapourated overnight but it will hurt even more should the world economy tail spin into a vortex of downward and unstoppable vicious circle of deflation.

Money is just paper or an I OWE YOU ( IOU ) given to you by the issuing authority. It means nothing until your hard earn dollars are SPENT ! Besides, you cannot take a single cent with you to heaven or hell if your number is up. Furthermore, money is always losing its real value by the day. You can never tell for certain when your health will catch up with you although we all wish we could stay healthy, happy and alive forever. For the rich and famous like most of you what real difference does it make to have 5 million out of, say 10 million evapourated except the temporary frustration of being taken for a ride by the high ranking crooks in the financial market.

I am certainly not advising everyone to be extravagant and wasteful with your money. What I do seriously urge you ( especially the really rich and privileged section of society ) to do is to keep to your original spending plans such as changing your car every 5 years or your video equipments and computer hardware every 2. Your travelling plans should not be held back simply because your financial pride has taken a beating. Do whatever you like ( subject to all natural and just human laws ) and as you have planned before the FT and refuse to be rendered unhappy by the financial terrorists and criminals who must be brought to justice ASAP to restore confidence in our financial system. After all, no one can guarantee that he or she will be as fit as a fiddle same time next year. I 've got to run. I have promised to take my wife out for a sumptuous seafood dinner to prop up the economy. Who will listen to my jabbering next time if yours truly never does what he advises others to do. Be the SAVIOUR of the world - be a SPENDER and not the SCROOGE. Cheers for now !


JKHC.

The Financial Tsunami ( FT ) - The Way Forward ( 1 ) - He ain't heavy, he is my brother !

Regardless of our background everyone of us is affected by the FT to varying degree. It is a good time to take stock of the market or capitalistic system on which our economy is run. Some form of enlightenment is badly needed. I seriously think that the financial meltdown is the result of a financial laissez faire policy just as it was at the beginning of the inhumane industrial revolution in Europe in the 18th century. The original savage and unscrupulous form of raw capitalism that had led to imperialism was aptly superseded by the more enlightened form of market economy made possible by among other things democracy, education, a fair legal system, freedom of the press and equal opportunity for all.

The way forward after the devastation of the FT as I see it will be both painful and arduous. The first step in my humble opinion is for us to rough it out together. We must carry one another through the storm with reasonable sacrifice. Employers should only consider laying off employees after effecting a general across the board cut in wages with the upper management bearing a higher percentage cut. Once a wave of lay offs have taken effect the economic confidence of the general population will be totally eroded thus resulting in stark panic followed by a downward vicious circle of spending contractions. This should not and cannot happen or there will be a repeat of the Great Depression of the 1930s.


JKHC.

Let all of us start expressing our views freely

Thanks to the web we can now all freely express our views on anything and at any time. Let us boldly but with discipline ( as gauged by generally accepted standards of morality and humanity ) exercise our basic human right of responsible expression. This is a tall order but I do hereby pledge my dedication to this high ideal which is the pillar of democracy.

This is also my earnest wish for all global citizens who subscribe and aspire to the ideal of a free and democratic society in this - my first post - at the inauguration of my first solo blog herewith.

Just one point of information before we start to exercise our basic human right of expression. THE LINK to my personal website - JKHC LIFE STYLE is embedded in every blog title in this FORUM. Please feel free to browse my website from time to time by hitting on any blog title. You may be surprised to see what you can find there. I sincerely thank you all for your kind support and contribution in advance.

JKHC.