Is solution of the economic crisis likely to be found in Davos?


joseph 30 January, 2009, 10:54	Cosmetic crap,havnt seen any body lose his financial booty,accumulated,over the years while plundering its coffers,and the collective goverments sitting around with thier deluded laurels strutting around as lame ducks.virtually impotent,anyway lets get on with its mickey mouse display.of hollow substance and action. permalink quote 0 joseph
noe 30 January, 2009, 14:02	there will be no solution in Davos, solution will come when the world becomes really multipolar, the dollar is actually the word currency but it has been abused and misused by USA, there's a need for a new economical structure to be built taking into consideration the world's interests not USA interests permalink quote 0 noe
mounir el-debs 30 January, 2009, 21:26	davossians are the ones who started this mess...how could anybody think that the solution is going to emerge from their sick minds???larouche has recently qualified the western attitude towards russia,as"criminal"...an understatement to saay the least.de-gaulle had warned ,some fifty years ago,of the catastrophy that america will take the world,should they persist in their policies...his heir in the elysee-palace,was agitated in the summer to convene a meeting in washington,in the fall!!!as we wrote on these pages then,the current president of france could not propose something serious,and outside the will of washington...the crisis is getting worse every day,and the leaders are waitting for america to decide.the dollar,the most destructive of america's arsenal...any solution they will propose,will be at the expense of the countries outside their sphere of influence...any scheme they present,would be a ponzi structure,worse than the bretton woods robbery.they want to exchange paper dollars for real assets-oil,gas,shares in banks,industry...-and if russia continues to have at the ministry of finnance the group that invested in the sub-prime fiasco,then russia would be enslaved for generations in this mess. so,the first step is to get a new team of financial advisors,of irreprochable loyalty,to organise the way to get rid of all dollars held by bankers,and households...organise a new system of exchange involving china,india,and developing countries,to draw the architecture of a new and fair monetary system.unfortunately,the holders of dollar papers,and especially governement ones,would suffer...the problem is that these debts are already dead.the illusion of getting repaid in good faith of the treasury is not posssible.the more time goes-by,the more the pain would be felt. permalink quote 0 mounir el-debs
David 1 February, 2009, 01:01	Typical of these Western politicians - high class dinners, high class hotels, high classes binge drinking at who's expense? With what result? The only person who had any truth in what he said was Putin. The rest, especially this clown BROWN from England - well, like the yanks plunging England into never ending debt. Goodness knows how he has managed to escape bankruptcy! Why do these people take a lesson from their book. All these billions that they wiped from the book to save the 3rd world countries from their debt, simple, do the same for all those in debt in England. Start afresh. Nothing to lose. Isn't amazing how the oil price keeps falling and yet, the fuel price, in England, is going up, again!!! Prats, the whole lot of them. permalink quote 0 David
Pauline 1 February, 2009, 02:48	The way social change really happens is not at places like Davos. I've seen real social change, i.e. the overthrow of the southern fuedal (sharecropping) elite and their Jim Crow/Sharecropping fuedal system with my own eyes and participated in it. I am referring to what is euhpamistically called "the civil rights movement" in the USA. You see, what started all that was investment in the South. In Dallas, where I was born, before 1958 or so there were only a few factories, a GM Parts plant, Mrs. Bairds Bread, a hosiery mill, Mosher Steel and some food processing and farm feed and seed plants. But by 1961, there were thousands of factory jobs...in 1961, 5,000 at Texas Instruments, for instance, and by 1966, 25,000 were at TI alone. 1n 1961, at my school all our teachers left to become managers at the new factories. At the same time, the cotton stripper was invented freeing up rural labor, which migrated to the cities, Dallas, etc. for the new factory jobs. This phenomenon was occurring throughout the South. So, you see, what caused the rebellion was this change. You see, when Black people and everyone else was on the farm, they hardly ever went to town, and did not confront (or see if white) Jim Crow apartied things very often. Once they were working in the cities, however, they could not get away from it on a daily basiss, they were hurt and disadvantaed and humiliated every single day! For instance, they could not get apartments or if they did, they were substandard and also people had to drive further to work, they could not eat at the same cafeteria or go to the same bathrooms at work, or drink from the same water fountains, and so had to walk for a long time at work very often just to go to the bathroom or drink water; they could not eat a diner near the factores, and of course, had to sit in the back of the bus every single day. So you see, the economic base and the political, legal culture were just way, way out of line, and so there was a massive rebellion. Also, I should mention that the economy was expanding, so a rebellion could get something. Anyway, in my opinion, this is how change really happens...but there was another ingredient, a big section of our elite supported this rebellion to a limited degree...and tney put a lot into in including money. I guess that is where Davos can come in...because in my life, I've seen rich people do some good things, even if their motives were only for profit. By the way, both my grandfathers, white, were sharecroppers, and I was very glad to see the Apartied share cropping system GO AWAY! permalink quote 0 Pauline
Margaret 1 February, 2009, 04:59	No, most of the Davos people are still stunned and asking each other, "How could WE lose money? That is for the suckers on main street, not for us. Something has gone terribly wrong!" They have not felt enough pain yet to actually force them to do something. And when they do, it will probably be the wrong thing, because they will be trying to figure out how to re-inflate their stock options. I notice that PM Putin left a day after he gave his speech - probably had some real work at home to do and did not want to waste more time in Switzerland. If there is any cure to the current financial collapse other than just living through it, the cure will probably come from somewhere nobody is looking. Maybe, like after a forest fire, new life starts over in the ashes of the old. permalink quote 0 Margaret
Vijay 1 February, 2009, 06:29	Davos is just another excuse and opportunity to prolong the mayhem being imposed on this unsuspecting world by the so-called guardians of Capitalism... What a joke? Can someone explain the fact why the value of Dollar goes up in these trying times for the US? Can someone investigate what hidden wealth US has that makes its currency the darling of the so-called independent bankers around the capitalist Western world? Has it got surplus in anything of value -? Oil, Gas, Minerals, Ores, even capital...What is RICH about US?? Its just manipulation of this whole defunct system that gives the US/UK the tag of RICH COUNTRIES...!! Davos is just an another manifestation of the continuing and the increasing Rot that that has set in the monetary world of Western Capitalism, where the public works for the Elite and where countries which manipulate are countries having the Riches... And yes, that technology lead is just another borrowed halo from the Asians and Europeans! permalink quote 0 Vijay
Pauline 1 February, 2009, 16:25	I forgot to add one thing to my post about how change happens...you see, the main argument that got those Southern Senators and Congressmen to vote for the Civil Rights Act in 1965 was that the "communists" could win if we maintained Jim Crow. Frankly, without the existence of the Soviet Union, I think that there would have been a civil war in the US at that time, or at least, much more violence. I don't think the Southern elite would EVER have agreed if not for fear of the Soviet Union! So once again, as an ordinary person, daughter of two sharecroppers, I owe a lot to the Russian people and the Soviet Union and thank you very much! permalink quote 0 Pauline
Jade 2 February, 2009, 19:14	Pauline, I enjoyed reading your comments about the South and Civil rights movement. It was interesting for me to hear about those events from an eyewitness. Thank you! About Davos: no, a solution to any economic crisis cannot be found in Davos, but it's important to keep communication open. That's where Davos excells. The tarnished reputation and the crisis of the Western culture aside, Davos so far is the only forum of this stature in the world, with established reputation, where both heads of state and so called "captains" of industry and finance can co-mingle freely. Even though, yet again, we have seen many "lost in translation" episodes at this Davos meeting, it would have been much worse if people didn't communicate. There is a formula: less communication = higher risk of a war, consequently, more communication = diminshed risk of war. In this imperfect world of ours we must use any chance at communicating with each other, explaining our position and trying to understand someone else's if we want to avoid armed conflicts in the future. permalink quote 0 Jade

joseph 30 January, 2009, 10:54

Cosmetic crap,havnt seen any body lose his financial booty,accumulated,over the years while plundering its coffers,and the collective goverments sitting around with thier deluded laurels strutting around as lame ducks.virtually impotent,anyway lets get on with its mickey mouse display.of hollow substance and action.

permalink quote joseph

noe 30 January, 2009, 14:02

there will be no solution in Davos, solution will come when the world becomes really multipolar, the dollar is actually the word currency but it has been abused and misused by USA, there's a need for a new economical structure to be built taking into consideration the world's interests not USA interests

permalink quote noe

mounir el-debs 30 January, 2009, 21:26

davossians are the ones who started this mess...how could anybody think that the solution is going to emerge from their sick minds???larouche has recently qualified the western attitude towards russia,as"criminal"...an understatement to saay the least.de-gaulle had warned ,some fifty years ago,of the catastrophy that america will take the world,should they persist in their policies...his heir in the elysee-palace,was agitated in the summer to convene a meeting in washington,in the fall!!!as we wrote on these pages then,the current president of france could not propose something serious,and outside the will of washington...the crisis is getting worse every day,and the leaders are waitting for america to decide.the dollar,the most destructive of america's arsenal...any solution they will propose,will be at the expense of the countries outside their sphere of influence...any scheme they present,would be a ponzi structure,worse than the bretton woods robbery.they want to exchange paper dollars for real assets-oil,gas,shares in banks,industry...-and if russia continues to have at the ministry of finnance the group that invested in the sub-prime fiasco,then russia would be enslaved for generations in this mess. so,the first step is to get a new team of financial advisors,of irreprochable loyalty,to organise the way to get rid of all dollars held by bankers,and households...organise a new system of exchange involving china,india,and developing countries,to draw the architecture of a new and fair monetary system.unfortunately,the holders of dollar papers,and especially governement ones,would suffer...the problem is that these debts are already dead.the illusion of getting repaid in good faith of the treasury is not posssible.the more time goes-by,the more the pain would be felt.

permalink quote mounir el-debs

David 1 February, 2009, 01:01

Typical of these Western politicians - high class dinners, high class hotels, high classes binge drinking at who's expense? With what result? The only person who had any truth in what he said was Putin. The rest, especially this clown BROWN from England - well, like the yanks plunging England into never ending debt. Goodness knows how he has managed to escape bankruptcy! Why do these people take a lesson from their book. All these billions that they wiped from the book to save the 3rd world countries from their debt, simple, do the same for all those in debt in England. Start afresh. Nothing to lose. Isn't amazing how the oil price keeps falling and yet, the fuel price, in England, is going up, again!!! Prats, the whole lot of them.

permalink quote David

Pauline 1 February, 2009, 02:48

The way social change really happens is not at places like Davos. I've seen real social change, i.e. the overthrow of the southern fuedal (sharecropping) elite and their Jim Crow/Sharecropping fuedal system with my own eyes and participated in it. I am referring to what is euhpamistically called "the civil rights movement" in the USA. You see, what started all that was investment in the South. In Dallas, where I was born, before 1958 or so there were only a few factories, a GM Parts plant, Mrs. Bairds Bread, a hosiery mill, Mosher Steel and some food processing and farm feed and seed plants. But by 1961, there were thousands of factory jobs...in 1961, 5,000 at Texas Instruments, for instance, and by 1966, 25,000 were at TI alone. 1n 1961, at my school all our teachers left to become managers at the new factories. At the same time, the cotton stripper was invented freeing up rural labor, which migrated to the cities, Dallas, etc. for the new factory jobs. This phenomenon was occurring throughout the South. So, you see, what caused the rebellion was this change. You see, when Black people and everyone else was on the farm, they hardly ever went to town, and did not confront (or see if white) Jim Crow apartied things very often. Once they were working in the cities, however, they could not get away from it on a daily basiss, they were hurt and disadvantaed and humiliated every single day! For instance, they could not get apartments or if they did, they were substandard and also people had to drive further to work, they could not eat at the same cafeteria or go to the same bathrooms at work, or drink from the same water fountains, and so had to walk for a long time at work very often just to go to the bathroom or drink water; they could not eat a diner near the factores, and of course, had to sit in the back of the bus every single day. So you see, the economic base and the political, legal culture were just way, way out of line, and so there was a massive rebellion. Also, I should mention that the economy was expanding, so a rebellion could get something. Anyway, in my opinion, this is how change really happens...but there was another ingredient, a big section of our elite supported this rebellion to a limited degree...and tney put a lot into in including money. I guess that is where Davos can come in...because in my life, I've seen rich people do some good things, even if their motives were only for profit. By the way, both my grandfathers, white, were sharecroppers, and I was very glad to see the Apartied share cropping system GO AWAY!

permalink quote Pauline

Margaret 1 February, 2009, 04:59

No, most of the Davos people are still stunned and asking each other, "How could WE lose money? That is for the suckers on main street, not for us. Something has gone terribly wrong!" They have not felt enough pain yet to actually force them to do something. And when they do, it will probably be the wrong thing, because they will be trying to figure out how to re-inflate their stock options. I notice that PM Putin left a day after he gave his speech - probably had some real work at home to do and did not want to waste more time in Switzerland. If there is any cure to the current financial collapse other than just living through it, the cure will probably come from somewhere nobody is looking. Maybe, like after a forest fire, new life starts over in the ashes of the old.

permalink quote Margaret

Vijay 1 February, 2009, 06:29

Davos is just another excuse and opportunity to prolong the mayhem being imposed on this unsuspecting world by the so-called guardians of Capitalism... What a joke? Can someone explain the fact why the value of Dollar goes up in these trying times for the US? Can someone investigate what hidden wealth US has that makes its currency the darling of the so-called independent bankers around the capitalist Western world? Has it got surplus in anything of value -? Oil, Gas, Minerals, Ores, even capital...What is RICH about US?? Its just manipulation of this whole defunct system that gives the US/UK the tag of RICH COUNTRIES...!! Davos is just an another manifestation of the continuing and the increasing Rot that that has set in the monetary world of Western Capitalism, where the public works for the Elite and where countries which manipulate are countries having the Riches... And yes, that technology lead is just another borrowed halo from the Asians and Europeans!

permalink quote Vijay

Pauline 1 February, 2009, 16:25

I forgot to add one thing to my post about how change happens...you see, the main argument that got those Southern Senators and Congressmen to vote for the Civil Rights Act in 1965 was that the "communists" could win if we maintained Jim Crow. Frankly, without the existence of the Soviet Union, I think that there would have been a civil war in the US at that time, or at least, much more violence. I don't think the Southern elite would EVER have agreed if not for fear of the Soviet Union! So once again, as an ordinary person, daughter of two sharecroppers, I owe a lot to the Russian people and the Soviet Union and thank you very much!

permalink quote Pauline

Jade 2 February, 2009, 19:14

Pauline, I enjoyed reading your comments about the South and Civil rights movement. It was interesting for me to hear about those events from an eyewitness. Thank you! About Davos: no, a solution to any economic crisis cannot be found in Davos, but it's important to keep communication open. That's where Davos excells. The tarnished reputation and the crisis of the Western culture aside, Davos so far is the only forum of this stature in the world, with established reputation, where both heads of state and so called "captains" of industry and finance can co-mingle freely. Even though, yet again, we have seen many "lost in translation" episodes at this Davos meeting, it would have been much worse if people didn't communicate. There is a formula: less communication = higher risk of a war, consequently, more communication = diminshed risk of war. In this imperfect world of ours we must use any chance at communicating with each other, explaining our position and trying to understand someone else's if we want to avoid armed conflicts in the future.

permalink quote Jade

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