Recession????

[trump-lady]

The question is....are we in a recession or are we being told this to create a sense of panic, and there for create an excuse for the upper class to protect the upper class and their fortunes?

Are we in a recession or is it upper class cutting cost so they are ok.....

Is it possible that Middle class are the ones to suffer the most in this "recession" because they are being sacrificed for the rich to remain rich? I feel they will be hit hardest as many middle class have never needed to survive (like the lower class) that they, the middle class will find this time the most difficult of all New Zealanders due to their current and past lifestyles? Im not saying middle class are bad or wrong but I think this time will be harder for them as they have a transformation of perception, life and awareness.

Also is it possible this panic about a recession has been portrayed to us so we also buy into the ideology of this recession idea? Therefore leading us to “buying into what is happening to us?” and what I fear,,,acceptance.

I read on here about a man stating his job said we are cutting cost, layoffs but the owner still sat on his fortune but appeared to be helping the majority. I say asshole then take a paycut if your heart is as true as you portray. Ive had a few "drinks" and as usual ponder the world...lol. This has been bugging me since the get go.

My personal prediction is rich will remain richer, middle class will struggle and some will fall to lower class and lower class will survive as nothing will change for them except that their hope to reach middle class will be lost. (very worrying to our nation) However:

Recession could be a time for self reflection and a time to ask:

Who am I and what is important for me, my family my country and my grandchildren on a deeper level that we never had to ask before and also to question, learn for ourselves, educate ourselves why these things happen and to try and seek the answers, not what we are told to think when we are told to think it.

(head out of sand)

Word of the day hegemony

Your views please:

[trump-lady]

woops...I also am afraid this "recession" has allowed the oppertunity for government to implement policys that have underlying motives which are hiden under a mask they have termed "recession" that we before now would not have allowed... k ....TY

just sharing a thought bouncing round my head :)

[scumdog]

Yeah, sure there's a bit of a world-wide financial hiccup.

But too often (and the media are the worst) the story sounds like Chicken-Little with 'the sky is falling, the sky is falling'.

[trump-lady]

Yeah, sure there's a bit of a world-wide financial hiccup.

But too often (and the media are the worst) the story sounds like Chicken-Little with 'the sky is falling, the sky is falling'.

So Im not the drunken silly woman alone in my thinking! Yahhh

The thing is scumdog, Im scared cause everyone appears to be buying into it and accepting. To me this is more dangerous than a recession! I think there is a recession however I think its being twisted to suit the interest of those who have the most to lose and also an instrument to allow changes that will fuck us but we will allow to happen because were buying into what they want us to beleive for their own purposes

wow I sound paronoid, like when I ate chocolate cake at my last south island bike rally ( I was hungry!) got stoned and spent the night PARONOID........

dam r and r bike club

[scumdog]

The media neeed shot.

No, really, they need shot.

Many times.

Then MAYBE they might print un-biased, fairly 'level-playing field' information.


MAYBE.

But don't hold yer breath.

[trump-lady]

The media neeed shot.

No, really, they need shot.

Many times.

Then MAYBE they might print un-biased, fairly 'level-playing field' information.


MAYBE.

But don't hold yer breath.

ahh but thats my point!
We are smart able beings but how many have just let our news be news influenced by MF in power and have not searched deeper for our own truths and not those imposed (hegemony) on us.

Ive had more drinks and feeling very very sad for where we are heading cause you know people are buying into media and they represent most of our population.

New word for the day

Sheep

[scumdog]

ahh but thats my point!
We are smart able beings but how many have just let our news be news influenced by MF in power and have not searched deeper for our own truths and not those imposed (hegemony) on us.

Ive had more drinks and feeling very very sad for where we are heading cause you know people are buying into media and they represent most of our population.

New word for the day

Sheep

Me?

Whisky.

And Reservior Dogs on Sky.

It's more real than NZ media...

[trump-lady]

Me?

Whisky.

And Reservior Dogs on Sky.

It's more real than NZ media...

Then you scumdog are one of the smartest people I know.....perhaps not very proactive.....but smart.

On that note, Im taking my confused, dazed with a few drinks, world problem solving self to bed where I shall forget, become a sheep so I sleep easily and then go to school tomorrow and prob have a new bee in my butt which Ill pm you so you can simplify and put into perspective for me :) and save everyone else.

night and TY..... bahhhhhhh

TY for sharing (and letting me know I aint crazy)

[trump-lady]

bahhhh bahhhhhhh bahhhhh

poor sheep do you think theyd think thats discrimination and sterotypical......

Jokes

[CookMySock]

To me this is more dangerous than a recession! I think there is a recession however I think its being twisted to suit the interest of those who have the most to lose and also an instrument to allow changes that will fuck us but we will allow to happen because were buying into what they want us to beleive for their own purposesYeah there are financial issues on a wider scale right now, but there is no danger in it. It is a time for opportunity - there will be many bargains to be had, so make sure your cash is in the bank at the ready.

I don't think it is an orchestrated campaign, but there are plenty of people taking advantage of the situation, and if you are wise, so will you. People well up the food chain didn't GET well up the food chain by being idiots. Take a look around you and see what is dropping in price. Take a look at what industries are in panic, and go ask them for their best price. If development companies are in crisis, do your development now, while the price is low. If commercial property is wrecked, then buy your factory now. If prices similar to yours are rising, then put your prices up and point at a similar product. Etc etc ad nauseum.


wow I sound paronoid,Naw you just worry too much. :lol:

Steve

[White trash]

Since this whole "recession" talks started, I was of the same oppinion. Hocus Pocus doom sayers causing panic over nothing.

I work in freight forwarding, primarily the Gas and Oil projects area. All the equipment used to build the new Kupe plant in Taranaki? I got it here. Let me assure you, this recession is REAL and we are all going to feel the effects in one way or another. If you don't lose your job, you will know alot of people that will.

12 months ago I had a vast array of opportunities available to me at the end of the Kupe Project. Singapore, ,Malaysia, Houston, Saudi, Germany, Sweden, Perth, the list goes on. All of a sudden, every major project we have tendered for has been put on hold. NZRC, New Zealands only oil refinery is a third of the way through its "Point Forward Project" which would make it the most efficient and cleanest refinery in the world. Phase one is almost complete, guess what. Phase two wont be happening any time soon.

I for one am concerned at the worlds economic climate.

[nodrog]

Since this whole "recession" talks started, I was of the same oppinion. Hocus Pocus doom sayers causing panic over nothing.



Ha, so was i until cunts stopped buying kitchens and i got the sack.

[ynot slow]

Since this whole "recession" talks started, I was of the same oppinion. Hocus Pocus doom sayers causing panic over nothing.

I work in freight forwarding, primarily the Gas and Oil projects area. All the equipment used to build the new Kupe plant in Taranaki? I got it here. Let me assure you, this recession is REAL and we are all going to feel the effects in one way or another. If you don't lose your job, you will know alot of people that will.

12 months ago I had a vast array of opportunities available to me at the end of the Kupe Project. Singapore, ,Malaysia, Houston, Saudi, Germany, Sweden, Perth, the list goes on. All of a sudden, every major project we have tendered for has been put on hold. NZRC, New Zealands only oil refinery is a third of the way through its "Point Forward Project" which would make it the most efficient and cleanest refinery in the world. Phase one is almost complete, guess what. Phase two wont be happening any time soon.

I for one am concerned at the worlds economic climate.

Sounds similar situation to my brother,he was thinking of a job in Mackay Aussie,sent his cv etc,they said yep looks ok,sent his certificates to confirm,then nothing,he thought his renumeration stuffed it,then about end Dec they ring him and ask can you start first week in Feb.So he heads down to his home(he was doing work in the Naki)went back to Queenstown to get medical,bloods done and organise his bus etc.Ready to go over,his wife was finalising stuff,after he was to leave,he was about 3 days away and they pulled the pin,the job was for 18 months,he was pretty pissed but has arranged shutdown/,maintenance work around Kupe.Sign of the times sure.

What pisses me off is for the last 5yrs or so we have had businesses reaping rewards of a bouyant economy,getting top returns to investers(F&P,Warehouse etc)now wanting workers to rake wage cuts to keep their jobs,the CEO still getting their huge renumeration,anyone can run a company in good times,lets see these wankers see how great they are know a recession is here,if they can do that htey deserve the top money.

[James Deuce]

Since this whole "recession" talks started, I was of the same oppinion. Hocus Pocus doom sayers causing panic over nothing.

I work in freight forwarding, primarily the Gas and Oil projects area. All the equipment used to build the new Kupe plant in Taranaki? I got it here. Let me assure you, this recession is REAL and we are all going to feel the effects in one way or another. If you don't lose your job, you will know alot of people that will.

12 months ago I had a vast array of opportunities available to me at the end of the Kupe Project. Singapore, ,Malaysia, Houston, Saudi, Germany, Sweden, Perth, the list goes on. All of a sudden, every major project we have tendered for has been put on hold. NZRC, New Zealands only oil refinery is a third of the way through its "Point Forward Project" which would make it the most efficient and cleanest refinery in the world. Phase one is almost complete, guess what. Phase two wont be happening any time soon.

I for one am concerned at the worlds economic climate.

You're working with an industry that is one of the primary producers of the trillions of fake dollars that have disappeared over night. I have a brother-in-law in a similar boat. So to speak.

Not the first recession I've worked through and it won't be the last.

IMO the "middle class" was largely destroyed in the early '90s. There's two classes in most Western societies now. Those who pay tax and those who don't. You have to be moderately rich to not pay tax. Rich is not Labour's arbitrary $60k a year either.

[jonbuoy]

Since this whole "recession" talks started, I was of the same oppinion. Hocus Pocus doom sayers causing panic over nothing.

I work in freight forwarding, primarily the Gas and Oil projects area. All the equipment used to build the new Kupe plant in Taranaki? I got it here. Let me assure you, this recession is REAL and we are all going to feel the effects in one way or another. If you don't lose your job, you will know alot of people that will.

12 months ago I had a vast array of opportunities available to me at the end of the Kupe Project. Singapore, ,Malaysia, Houston, Saudi, Germany, Sweden, Perth, the list goes on. All of a sudden, every major project we have tendered for has been put on hold. NZRC, New Zealands only oil refinery is a third of the way through its "Point Forward Project" which would make it the most efficient and cleanest refinery in the world. Phase one is almost complete, guess what. Phase two wont be happening any time soon.

I for one am concerned at the worlds economic climate.

Your not wrong mate, there are some serious players and countries falling hard on their arses. The worlds been having a big spend up and now we have to pay the credit card bill. Its pretty close to a depression not reccesion in some parts of Europe and US. When billionaires start going bust you know its serious.

[White trash]

You're working with an industry that is one of the primary producers of the trillions of fake dollars that have disappeared over night.

No I'm not. I'm working in an industry that freights the bits and pieces around the world to BUILD the industry that produces the fake dollars. But I see your point.

[James Deuce]

No I'm not. I'm working in an industry that freights the bits and pieces around the world to BUILD the industry that produces the fake dollars. But I see your point.

That's why I said working WITH. Pay attention.

[White trash]

That's why I said working WITH. Pay attention.
Roger. Sorry sir, wont happen again.

[James Deuce]

Roger. Sorry sir, wont happen again.

Homo.............

[White trash]

That the best you've got, you funny little round man you. I expected more to be honest :D

[discotex]

The words "you ain't seen nothin yet" spring to mind.

Around 40% of the value of the stocks in the Dow Jones Industrial has been wiped in less than 6 months and there's no sign that the slide is over. They're usually considered the big and safe stocks.

The US economy is totally fucked. The only reason they're not talking about a depression is they don't want to admit it's looking likely and scare everyone into one.

Two factors could make it even more serious. Oil shortages (if we confirm we're past peak oil) and climate change (which could kill the insurance industry for a start). Given that this "recession" will probably last another 2 years at minimum there's a good chance that a perfect storm to develop.

On the plus side there are some serious bargains in property and stocks to be had in the nearish future if you arm yourself with knowledge and cash savings (or at least pay down personal debt).

[puddytat]

United we stand.....divided, we're nothing. Bring on the Revolution.
How come I, living under the official poverty line,with no children , dont get a tax cut?
Im not on a benefit either.
And my wanker boss is now playing the whose expendable game,as well as using the tough times scenario to compromise safety?
I see very little in the way of him compromising, more that we (workers) are having to dance more to his tune, with the guillotine of layoffs hanging up above. Hopefully his Halo will slip down & choke him...
The Recession? Karma I reckon for this life of excess weve been leading, or should I say the Fat Cats have been leading @ our expense, thats fuelled our desire for endless ammounts of cheap crap.Payback time.

[peasea]

July 14 is not that far away. Bastille Day, we could learn a lot from that.

[jonbuoy]

Yeah but a lot of this is our "own" doing as consumers - companies were willing to do buy now pay laters/110% mortgages/0% finance for 5 years because we were willing to spend money we hadn't earned yet. But then they're supposed to be the parents and slap us on the hands and tell us to save up our pocket money first.

[Headbanger]

The question is....are we in a recession or are we being told this to create a sense of panic, and there for create an excuse for the upper class to protect the upper class and their fortunes?


Your views please:

The job losses and shrinking market and lack of available funding is very real. As to this being a conspiracy to protect the upper class, Clutching at straws there, But have no doubt the upper class will use any situation to their advantage, Thats how you get to be rich, and that's how you stay rich.

[Headbanger]

And my wanker boss is now playing the whose expendable game,as well as using the tough times scenario to compromise safety?


You are entitled (as is everyone) to two paid days of training a year, You can use these to do a government funded site safety rep course, This enables you to serve a notice on your boss in regards to safety issues he won't rectify or unsafe practises that continue in your place of work.

This new found power finishes there but it makes a paper trail about an issue and if someone gets hurt and its proven your boss knew about it he will get his arse kicked.The next option is to ring up OSH, which you should do if you are of the genuine belief that someone is going to get hurt.

And if you play your cards right it can secure your job, Be a foolish man who fired someone who tried to look after worker saftey, An unfair dismissel would be easy to pin on him.

[puddytat]

Yeah but a lot of this is our "own" doing as consumers - companies were willing to do buy now pay laters/110% mortgages/0% finance for 5 years because we were willing to spend money we hadn't earned yet. But then they're supposed to be the parents and slap us on the hands and tell us to save up our pocket money first.

I totally agree....we've gone from actually working for what we want ,saving for it & buying it when we have saved enough, to not working for it ,buying it when we dont have the money for it & thereby basically selling our independance & freedoms to those who have supplied us with the means.Hardly any of us have a choice nowadays.:crybaby:Sometimes "More is Less"
My solution to fixing the worlds economy? Invest in the thing that enables us to live....the Planet. Its got to be the largest growth industry around.
Idealistic....you bet!!:yes:

[Headbanger]

Yeah but a lot of this is our "own" doing as consumers -

Definitely, But, The banks are cunts. These lower level "managers" are nothing but sales people who receive a commission for lending you money. Hell our scumbag "personal manager" made appointments where she tried to talk us into borrowing money against our house we had just bought because she could see we still had some cash left over each week.,new car,boat, an extension to the house,Go ahead, You can afford it, These are our rates, It only stopped when I told her to fuck herself.

Same goes with the credit card, Bank rings up offers me 10 grand and starts describing how hot point rewards work...Spend spend spend,Tick, tick, Tick. Worry about it another day. Why?, because I just broke my damn arse and paid the fucker off, They can't handle that, I am meant to be in debt.

Thats the advice they give, Plenty of people are lured by how easy it is or know no better and those people are are going to be fucked real soon.

Hell, I went to the bank to organise an eftpos account and I walked out after they tried to convince me to borrow 40 grand for my company, a company that was set up for $3000 and was ticking over nicely.

Motherfuckers, I'd love to see the banks collapse but it would fuck up too much shit.

[puddytat]

You are entitled (as is everyone) to two paid days of training a year, You can use these to do a government funded site safety rep course, This enables you to serve a notice on your boss in regards to safety issues he won't rectify or unsafe practises that continue in your place of work.

This new found power finishes there but it makes a paper trail about an issue and if someone gets hurt and its proven your boss knew about it he will get his arse kicked.The next option is to ring up OSH, which you should do if you are of the genuine belief that someone is going to get hurt.

And if you play your cards right it can secure your job, Be a foolish man who fired someone who tried to look after worker saftey, An unfair dismissel would be easy to pin on him.

cheers for that....I didnt know about the site rep course. OSh has been informed & just waiting for the shit to hit the fan:soon:
I feel pretty wank about it,but we've all decided that enough is enough.
As "we" are required to sign off the business everyday in the safety log(:rofl:
& there are issues that have been ongoing for months with absolutely no sign of management doing anything about it,"we" have decided that we're not going to swing for it because of "them".
Sorry about getting off topic
As you were....

[trump-lady]

Im overly paronoid prob....when I was studying in the states 5 years ago a lecture was on Agender 21. Now back then it was laughable, from what I am seeing in the USA they are beginning to implement it and using this "recession" to cover up what they are doing. This is perhaps a biased you tube synopsis but it makes you think...

http://www.youtube.com/watch?v=ZJp0P6eggXU

should I start a thread on this?

[davereid]

The recession is real enough, but to a certain extent NZ is isolated from it.

The collapse of Lehmanns Bank et.al took trillions of dollars out of the worlds economy and without money, we simply can't buy stuff. Which means the fellow making it doesn't have a job, nor does the fellow packaging it, shipping it, retailing it or fixing it.

N.Z. doesn't export many durables, this means we still have stuff to export that people need.

Or to put it another way, if you work at the GM factory, and you think you will lose your job next month, you may not buy that new plasma TV, cellphone or light truck - you will simply hold on to the one you already have.

But you will still eat dairy products, lamb and beef, and want to treat the missus to a nice bottle of chardonnay.

[trump-lady]

I know there is a recession going on... my question is, do you feel its as bad as its being portrayed for us here in New Zealand, and are we being laid off etc for the reason they are telling us.

For example....Are cuts to gov services here in NZ in fact a legit consequence of the recession or is it an easy way for those in power to enforce what they have wanted to do for a while and label it a "recession". Because were all buying into the "recession" we are more likely to accept changes we wouldnt have before.



Are we buying into this recession and "hegemony" floating around and there for accepting it causing us to be blinded to other things happening under the veil of the "recession".

[davereid]

Its commonly thought that Governments control money supply through the reserve bank etc. Thats true for cash, but in fact most of the worlds money supply is not cash, its credit.

The private banking system, private individuals and corporations are actually the source of our money supply, and it has always been that way.

Thats why governments have to borrow money just like everyone else.

Its also why we can be reasonably sure that the current problem hasn't been deliberately engineered to benefit any particular group of people, particularly banks, as it is working very much against them.

The US and UK are actually adopting policies that ultimately come from Social Credit, and are very dangerous on banks.

Social Credit argued that in a finite world, with finite resources, charging interest on loans was doomed to fail, as it always required the world wealth to be increasing if the loan was to be repaid.

I never quite understood what you motive to loan money would be under a social credit system would be, but we are going to find out !

Social Credit argued that if if you had $1000, and the government took $200 off you in tax that you only had $800 to spend. And if the government were using the money that they had taken from you to pay loan interest then you had a bad deal.

The theory was that if the government never borrowed the money it would never have to pay the interest.

All the government had to do was print the money it needed. Of course inflation would rob you of spending power, but as long as you ended up with $800 of spending power you had lost nothing.

This is what we are now seeing in the US and UK. Interest rates are now 0% and the government is printing the money it needs.

Massive inflation must result, and banks must be increasingly marginal - after all, at 1% interest a bank has to loan 10x more money than it had to loan at 10% to just stand still.

[Headbanger]

The cuts to the Gov services is because they are cash eating whores, It needed to be done even if there was no recession, Its too damn easy for them to mismanage some body else's money when they can just stick their hands out for more. That crap has to stop (pity it has taken running out of money to cause it to stop). The money I have seen wasted by Government departments could only be considered criminal.

That aside, We have priced a few million dollars of work so far this year, 90 percent of the projects haven't got under way as the banks won't lend the money to the developers, There are a shitload of builders, painters, electricians, plumbers etc etc who won't have a shit show in hell of buying the wife a bottle of Chardonnay or feeding the kids any Lamb.

[trump-lady]

I read that 5 times and still dont get it :(

So thats why what is happening is happening now..... but how will it ever be fixed?

[trump-lady]

The cuts to the Gov services is because they are cash eating whores, It needed to be done even if there was no recession, Its too damn easy for them to mismanage some body else's money when they can just stick their hands out for more. That crap has to stop (pity it has taken running out of money to cause it to stop). The money I have seen wasted by Government departments could only be considered criminal.

That aside, We have priced a few million dollars of work so far this year, 90 percent of the projects haven't got under way as the banks won't lend the money to the developers, There are a shitload of builders, painters, electricians, plumbers etc etc who won't have a shit show in hell of buying the wife a bottle of Chardonnay or feeding the kids any Lamb.

I agree, there has to be accountability...was just an example.

Point for me is then SAY thats why your doing it. Dont hide under the recession mask. I can see that also but the majority will be ...oh ok its cause of the recession. Im not the smartest person and rarely read newspapers but it makes me wonder what else is hiding under that recession mask for New Zealanders

Your second point highlights my origional post. middle class are the ones who will be experiencing huge change and be hit hardest cause the poor were never able to buy lamb for the kids etc..... and the rich will still do it but not as often

[Headbanger]

True enough, Except many of the existing "poor" seem to love the smokes, beer and vids. When it comes to food then buying and cooking lamb is no where near as convenient as a massive bucket of KFC.

[Ixion]

This is what we are now seeing in the US and UK. Interest rates are now 0% and the government is printing the money it needs.

.

I seem to remember this being done before. Didn't work.

[Edbear]

I seem to remember this being done before. Didn't work.

Yeah, funny that... Maybe it'll work this time...? :laugh:

:doh:

[Korumba]

I have been in the States and Europe since July last year, they are hurting bigtime.....but life goes on, we went through the same shit in NZ (and worldwide) from 87 to 91. This is just another cycle.

How is the kissing of the mirrors going????

[Edbear]

I have been in the States and Europe since July last year, they are hurting bigtime.....but life goes on, we went through the same shit in NZ (and worldwide) from 87 to 91. This is just another cycle.

How is the kissing of the mirrors going????

If you listen to the commentators, this isn't "just another cycle". This is a situation they're saying the world has not faced before and there are no precedents to use as models.

Allan Bollard, according to Allan Freeth, has said that no-one, ie: the bankers, pollies and CEO's, knows what to do.

We're seeing whole countries collapsing. The other day, it was noted that the Fed has so far put $US300b into AIG and will probably put more as if AIG goes down, the whole world goes down. Think about that... the world's financial system is such an intertwined house of cards that one company - albeit a huge one - can collapse it.

It's not just the US that's printing money in a desperate attempt to prop things up either.

[doc]

It's simple capitalism. The greedy ones have sucked too much out of the equation and we are just going thru a rebalancing phase. FFS no one earns 4 mil then needs bonuses. Unfortunately us minions feel more pain.
It's all about "Trickle up' NOT "Trickle down'.
Which means those at the bottom have to have more discrencionary income to spend before those at the top can afford to spend on income producing enterprises. At the moment we have stopped spending.

Fark hope that made sence

[discotex]

So thats why what is happening is happening now..... but how will it ever be fixed?

It's a funny thing this one. No-one really knows :Oops:

We've never had such wholesale lending and re-packaging of debts into securities before.

Basically the whole system has worked on the idea that these securities were actually worth something. Now we've worked out some of them are actually worth worse than nothing :shit:

Suggest you check this out... It's farkin funny but true. Click the full-screen button to make it easier to read.

http://www.slideshare.net/tadfad/sub-prime-explanation-presentation

[puddytat]

Its just a prelude to whats to come.....Armageddon:banana::2thumbsup:woohoo:

[Genestho]

To pay our debts off over and over, we were warned that the housing was going to peak its cycle.
And the warning signs were there nearly two years ago in the US when home owners were coming off low interest rates and landing on much higher.
The mortgagee sales were coming thick and fast.
As said ..this happened after the wall street collapse in '87, although there seems to be a little desperation this time round..an understatment.
Middle class have always suffered.

Id also like to point out its not just greed at high levels, banks didnt force people to remortgage homes to get the flash cars and material possesions that we "must have"....its stupidity, people forgot the old values of saving up and buying consumables.
People maxing their credit cards. Spending more than they earned.

Let it be another of lifes lessons....

And, if you heeded the warnings, and have a sack of cash, spend it wisely as this is the time for bargains!!!!

[James Deuce]

I seem to remember this being done before. Didn't work.
That reminds me. Must buy a wheelbarrow.

[trump-lady]

It's a funny thing this one. No-one really knows :Oops:

We've never had such wholesale lending and re-packaging of debts into securities before.

Basically the whole system has worked on the idea that these securities were actually worth something. Now we've worked out some of them are actually worth worse than nothing :shit:

Suggest you check this out... It's farkin funny but true. Click the full-screen button to make it easier to read.

http://www.slideshare.net/tadfad/sub-prime-explanation-presentation

ah I was blind but now I see...
Just needed it in layman terms.... ty

So now I see more clearly

WERE ALL FUCKED

[trump-lady]

OMG did I learn something on kiwibiker thats not bike related and is somewhat accedemic and relevant

OMG I need another drink to analyse this.......

[discotex]

OMG did I learn something on kiwibiker thats not bike related and is somewhat accedemic and relevant

OMG I need another drink to analyse this.......

Hahah. I just love the way that stick figures can get a message across eh.

Here's another one that's a bit more serious.

<object width="400" height="225"><param name="allowfullscreen" value="true" /><param name="allowscriptaccess" value="always" /><param name="movie" value="http://vimeo.com/moogaloop.swf?clip_id=3261363&amp;server=vimeo.com&amp;sho w_title=1&amp;show_byline=1&amp;show_portrait=0&amp;color=&amp;ful lscreen=1" /><embed src="http://vimeo.com/moogaloop.swf?clip_id=3261363&amp;server=vimeo.com&amp;sho w_title=1&amp;show_byline=1&amp;show_portrait=0&amp;color=&amp;ful lscreen=1" type="application/x-shockwave-flash" allowfullscreen="true" allowscriptaccess="always" width="400" height="225"></embed></object><br /><a href="http://vimeo.com/3261363">The Crisis of Credit Visualized</a> from <a href="http://vimeo.com/jonathanjarvis">Jonathan Jarvis</a> on <a href="http://vimeo.com">Vimeo</a>.

[Finn]

NZ has been in a slow recession for about 10 years. It's just getting worse now, that's all.

[JimO]

its all nationals fault:no:unkle helen would have looked after us<_<

[trump-lady]

Hahah. I just love the way that stick figures can get a message across eh.

Here's another one that's a bit more serious.



ANOTHER AWESOME ONE!

I understood that one perfectly. Thankyou disco tex, next time I have a pondering question I shall pm you for a translation :)

[Grahameeboy]

OMG did I learn something on kiwibiker thats not bike related and is somewhat accedemic and relevant

OMG I need another drink to analyse this.......

When did you need an excuse.....

I think that we do get trapped into this recession thing in too big a way...I mean the Wall Street Crash of years ago makes this current one a mere blip...there was 70% unemployment...and with prohibition it was harder to drink away your sorrows.

Life has blips...it's life's reminder to slow down and take stock...sounds simple but that is what it is...we will live and survive it...it's nature...some people don't always have that future....