Andrew BLANK

Recent Activity

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  Andrew commented on the article | over 3 years ago

  Guest Blog - A Crisis of Conscience

  @james webb
  
  for all of the capitalists in the world, with a bit of "risk" you can make 3% on some of your money while "helping" out local business, the concept of the micro-loan has been expanded to encorporate the mindset of the "but its my money", people:
  
  https://www.microplace.com/

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  Andrew commented on the article | over 3 years ago

  Guest Blog - A Crisis of Conscience

  Let me begin by saying that i don't actually support this bailout...
  
  but the difference here is in the wording. $50bn a YEAR. $200bn a YEAR, that is what the cost of these services to help the under privileged will be for a single year. if we do indeed spend the $850bn on them, everything will be fine and dandy for a year or two, but after that the entire system will fail because of lack of capital and we'll be back to where we started.
  
  the idea of the bailout is to support financial markets that already "work". a one time "investment" is intended to continuously reap profit and stability, instead of a yearly re-investment with limited results.
  
  a better example would be: after the tsunami in the Philippines, many of the countries in the world donated millions of dollars worth of supplies/money, i believe the overall total came to something like $360million. If this same amount of money were to be donated to a struggling African country, a significant amount of work could be done. but the idea is the Filipinos had their quality of life taken away, and that by providing this money they would be able to get it back and sustain it, they "know" how to "live" and "grow" and "survive". while investing that same money into those african countries may help in the short term, the basic problems are still fundamentally there (mainly lack of education and infrastructure), and thus that money will not actually change anything the 2nd year, or 3rd year, and by time the 5th year returns, because the lack of understanding/experience in the management of those resources the original situation will have returned. A quick burst of money will never solve the problems in those places, a long term approach must be taken, at least two generations of their people must be educated in the ideas of conservation, health, social development, before any realistic long term can be expected.
  
  Just something to think about. on the Other hand, who needs $1 trillion for defense? i mean, seriously?