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Posts Tagged ‘Far East’

I was quite amused to read an article today about two people who are “camping” outside the Apple Store in London, a week ahead of the sale date of the iPad 3 tablet just so that they could be the “First to get one…” Whilst rather sad and a bit pathetic too it is also quite thought provoking in an entirely different way when thinking about the wider world economy.

The iPad itself is a device for “consuming” material with limited data input potential rather than the “creative space” fully fledged computers offer. However, this probably more properly reflects the limited use that the vast majority of people have in terms of computing power. However, I suspect that whether we look at smart phones, iPads, Facebook, Twitter and all the rest, what we are really seeing is the start of a major decline in the current business model they all represent…

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I have read various articles concerning the various protest campaigns on Wall Street, in London and so on but haven’t rushed to write about them as they seem to be all rather soft, confused, lacking in focus or with any particular goals in mind. In simple terms they are best summed up with a statement like; “We don’t like this and it isn’t fair…”

What no one has seemed to grasped and in this I include the Bankers, Industrialists and Politicians too, is the exact nature of the problem let alone, what kind of solutions may be applicable. In a sense, we all seem similarly as frozen and devoid of ideas as the Generals were when faced with trench warfare in WWI and the significance of including the statue of Cromwell in the graphic will I hope become clearer in due course.

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There is no way that I consider myself some kind of great intellectual with either superior insight or just plain wisdom, I therefore suspect that what I think is the reality of the current Global Crisis goes way beyond “Greedy Bankers” and that daft political construct the Euro, a hunchback currency in search of its Bosworth Field.

To my mind I suspect that the truth is known and the real problem lies in the political will to spell it out publicly. Forget the size of the Euro Bailout Fund or specifically Greece, there is only one thing that can solve the current problems and it is happening already via inflation, it is called PRICE RISES and surprising as that may seem, it is probably THE ANSWER at several levels !

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It will take your ‘average journalist’ at least 6 months to wake up to what the ‘real story’ is about today, frankly most of them don’t have a clue and as proof, consider the following : http://www.telegraph.co.uk/comment/columnists/charlesmoore/8319768/If-Strasbourg-has-its-way-we-will-all-end-up-as-prisoners.html

All jolly good stuff but all, rather irrelevant given what currently drives the World of which the Egyptian Revolution was but a ‘taste’, the BIG ISSUE this day is Youth Unemployment combined with a ‘mature’ Commercial Sector that couldn’t think their way out of a wet paper bag on their best days which clearly, are long past. We need to engage with our unemployed youth, right across the Western economies, now…

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There seems to be a general assumption that “The West” is in a terminal decline and that the “Power Base” for the future will inevitably be centred on China and India. Evidence for this is pointed to in both the outcome of the US Mid-Term elections and the UK and France rather hastily, it seems signing defence treaties on sharing Aircraft Carriers, other military assets and nuclear weapons research.

But a “Decline of the West…” I’m not sure that is correct because I don’t think that it is that simple. I would agree that the US Mid-Term results and the Anglo-French Treaties do represent an all too obvious loss of national certainty and self-confidence by the countries involved. Following the virtual collapse of our financial system of recent times, the “Capitalist System” that defeated Communism, a bit of humility would seem appropriate along with the realisation that nothing is a universal panacea and change is the only constant.

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Obviously the Sunday Papers continue to mull over the details of last week’s Spending Review and the impacts of each announcement. In one of those wonderful bits of schizophrenia that the great British Public are capable of, whilst Labour has bounced above the Coalition in the opinion polls, the majority of people agree that the Government is right on its cuts policies, ho hum.

However, with four and a half years to run, the current opinion polls are not really that relevant, what happens over that period alone, is. But our current situation can really be summed up as one of those jokes about asking directions and being told: “Well, I wouldn’t start from here…”

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Although I might find what happens in other Countries objectionable, it has often occurred to me that the constant bitching about what happens in China, Burma, Iran and many others is little short of hypocritical In the sense that coming from the Western countries, it assumes that there is only “one way” that things should be done, “Our Way” which is total nonsense.

Today the 53 year old Akmal Shaikh, a British citizen was executed by the Chinese for trying to smuggle 4 Kilos of Heroin into China 2 years ago which is fair enough 50g is enough in most Far Eastern Countries to face the Death Penalty. Drugs are a problem there and the penalties are commiserate, just because you are a Westerner does not excuse you for breaking their Laws, you get the same sentence as a Chinese person would, it is their Country. When in Rome…

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I can make no claims to any great financial expertise in the area of Global Transactions but a simple question arises for me: “So what exactly is all the fuss about and from what is currently happening, what is the surprise ?”

Now I’m not deliberately trying to be flippant and ignoring what must be a very painful and chastening experience for many but my point is that there is absolutely nothing that is “New” about what is taking place, there are no “New Surprise Elements” that make this “Crash” historically unique and therefore “unexpected”. Capitalism, Socialism, it is all about the redistribution or transfer of wealth by various means and a Market Crash is just one of them.

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