Business
Fischer: Israel handled crisis well
Ronen Medzini
Published: 19.04.09, 12:08
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1. cure for the credit crunch
avrom ,   bet shemesh   (04.19.09)
the credit crunch was caused by dishonest financial instruments such as sub prime mortgages and credit cards to people who could not service the debt .The lenders were not bothered by the fact that the borrowers could not service the debt as they had sold on the loans as securitised debt obligations .When the borrowers could not borrow anymore .the CDO.S BECAME WORTHLESS AND THE CREDIT CRUNCH ENSUED CAUSING THE BANKS TO FAIL AND SLOW ECONOMIES thus causing recession and depression The cause of the credit crunch is disonesty on behalf of the banks reversing this dishonesty by writing off all credit card debt will right the moral wrong and encourage spending again and solve the credit crunch and stop the depression .The massive borrowing on credit cards and sub prime mortgages caused the boom and everyone benefiitted from the boom even those who did not have credit cards .the credit crunch started on the start of the sabattical year or shmitta with the run on the Northern Rock bank in the UK the sabbath is related to quantum mechanics which is spiritual cause and effect the non sabbatical years are related to newtonian physics physical cause and effect [no spiritual dimension] .This means that in a newtonian universe one can lie and cheat without spiritual consequences when however the sabbatical year begins the world is run according to spiritual laws therefore reality kicks in and dishonestly gained money is lost .the boom was created with fantasy money and when the fantasy money is removed a bust is caused causing depression in the same vein the world was created [by G-d]something from nothing in the big bang in six days therefore the world is an illusion as in the matrix on the seventh day G-d rested and stopped creating the world something from nothing on the basis of physical cause and effect [Newtonian mechanics ] but creates the world on the basis of spiritual cause and effect therefore dishonestly obtained money[fantasy ]reverts back to nothing hence the credit crunch therefore as soon as the dishonesty is removed from the system acd credit card debts are written off the credit crunch wil finish To wite off all credit card debt in the US will only cost a trillion dollars much less than what is costing the US taxpayer and US businesses i do not know the Israeli credit card figure but i thik it will be cheaper to write off all credit card debt than the cost of mass unemployment and recession Israel should be a light to the nations
2. Its an illusion of recovery we are borrowing that an illusio
zionist forever   (04.20.09)
Its not an economic recovery its an illusion. This image of recovery is based on a huge increase in national debt, we are trying to borrow our way to an image of recovery but all debts need to be paid eventualy & with interest. Its like a credit card you can buy a tv with the plastic & you look at your bank statement no money has left it. Now you have a tv & your bank balance hasn't changed it looks like something for nothing but come the end of the month you have to pay for that tv in real terms through your credit card. These figures also don't take into account the extra economic damage done when all those people are laid off. They don't have the money to spend on keeping other businesses afloat and they are relying on welfare to get by. Its true the economy was growing in real terms during the good times as was every other westernised country but as always the good times come to en end eventually. This isn't though showing any signs of turing into an 80s style depression. One thing is for sure though and at this point we can't afford the peace process because there huge cost involved to pay for it. The Gaza evacuation alone cost over $1 billion & on top of that at least half of those made refugees are still not in permanent. Accomodation and we havn't been able to pull 8000 jobs out of thin air so they are not spending & living off welfare so they are probably costing us more billions. Also there is all the extra money thats having to be spent on security. Operation Cast Lead cost around $2 billion and that operation came about as a result of the Gaza withdrawl. Now add to that many hundred of thousands more people loosing their homes and all those extra jobs lost. The Syria deal we don't even need for security will mean making 30,000 jews homeless & unemployed. How are we going to pay the bills for that, the US certainly won't be paying it considering they are up to their necks in debt. Even with the huge increase in national debt we will be putting ourselves into & all the extra jobs lost that will increase in a huge way with a deal with Syria alone. Add the palestinians & the current economic problems to that we are going to be in depression for years. Real term economic melt down all in the name of the peace process.
3. I dont know what fantasy world these guys are running
Al   (04.20.09)
but they must be on crack. Here's the deal...In rich Canada for example food has gone up 30-40% in the past 6 months. Canada is one of the largest producers of wheat and cattle in the world. Israel is losing approx 20K jobs (officially) for the past 6 months. for a pop of 7M The recession is quickly turning into a painfull depression..Witness the fact that the americans are so desperate for markets they want to trade with cuba. They must be desperate for cigars. THose are the facts...Take into account that the americans are chocking research funds for Israeli Military research and you can start counting the loses. Dont believe Fisher. The only fan he has is Jim Cramer and he is a showman.
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