The Way Out Of The Recession Is To Change Our Attitude

analysis-of-the-crisis2In the News (from The Investment Blog): The debt to income ratio [in the US] went from 70% in the 1990s to 140% now. Retrenchment of the U.S. consumer will result in a painful rebalancing in the economy and a cumulative contraction of personal consumption close to US$600bn.

My Comment: These numbers are correct if we don’t change the world with our attitude to it and to all our debts. We need to perform a universal revision, and jointly make a decision about how to live, according to the laws of Nature that govern us. Then we will understand how we can easily come out of the recession together.

In the News: (from BBC News): Japan’s parliament has passed legislation to give a cash hand-out to every resident in attempt to boost the recession-hit economy. Most people will get at least 12,000 yen ($121; £86) under the $20bn plan.

My Comment: Actually, people will just put this money away for harder times.

Related Material: Post: Gordon Brown Outlines Plan to Shape the First Global Society Post: The Failure of Obama’s Stimulus Plan Is Another Reminder That We Are All In One Boat Post: As a Result of the Crisis, Only the Necessities Will Remain


  1. i am hoping that the global economy would recover from this economic recession. life has been very hard with these massive job cuts.

  2. the Economic recession made a lot of jobless people in my own country. We could only hope that our economy becomes strong again

  3. Our country was also hit hard by the Economic Recession. At least we are seeing some signs of economic recovery now. I hope that we could recover soon from this recession.

  4. I think we are also seeing some signs of recovery from the Economic Recession. Of course, we have no idea of how long it will take to completely recover, but some say it’s going to be longer than for the other recessions in decades. I also scanned an article yesterday that said business owners need a new set of tactics to do well during recovery.

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