POST 136: GFC & THIRD WORLD

12:45 A.M.
Tuesday Early Morning
January 27, 2009
@Home

Ever since childhood I have always relied on my intuition/gut-feeling... On what/where else should I?

I really feel that the GFC/GLobal Financial Collapse is much much more than financial-economic in nature. Since POLITICAL ECONOMY is allegedly the most pertinent/significant/relevant field of study, then the current economic phenomenon has POLITICAL consequences as well [How about ORIGINS?] I would like to believe that what is unfolding/occuring/transpiring is some sort of a CIVILIZATIONAL COLLAPSE of global magnitude/proportions/dimensions that nevertheless offers a hidden opportunity - the last possibility of the world
turning upside down for the better(ment) of the MAJORITY... For eample, if THIRD WORLD leaders truly know what really is going on, that is, the real issues, the core questions, the significant events, the operative mechanisms, potentials etcetc, then they can cooperate in implementing a GLOBAL PLAN OF ACTION that will guarantee that the THIRD WORLD would improve its normally perenially disadvantaged position & ease its situation should things
return to normal... It seems that the economic cycle is on the downward turn (I wonder when it will reach BOTTOM...) For example, there is a veiled warning from one BBCNN report that the US economy will make a further turn for the worse from RECESSION to DEPRESSION - whatever these technical terms really mean (Obama's election did not help & Britain has officially entered recession according to MEDIA) but it will go up in the future - Economists says it's a CYCLE...

CHANNEL2 news shows some interviewees (FIl-CHI's?) expressing their belief/feeling that the annular SOLAR ECLIPSE was something positive (it coincides with Chinese New Year) - VERY UNLIKE my personal feeling that it is a negative "SIGNOS" or a divine WARNING sign a la COMET that portends WAR, FAMINE, etc Fil-Chinese are a people with practical/down-to-earth positive outlook while Fil-Malays have an other-worldly, pessimistic/resigned world-view...
I wonder if genuine Chinese & Malays who were NEVER influenced by WHITE WESTERNERS
have the same attitudes as these...

Just saw a flagged BBC news report that a European company CEO was "STANDING DOWN"
My Comment (MC): or should it be "JUMPING OUT" HAR HAR!

ALSO: Whisky/Wine Ad says: "PLEASE DO NOT DRINK IF YOU ARE A MINOR"
MC: But I am not a MINOR... I am a MAJOR - A MAJOR PROBLEM! HAR!

OBAMA's 1st NEWS CONFERENCE covered simultaneously on BBCNN...

From MEDIA local & abroad I always hear/read about BILLIONS & TRILLIONS of DOLLARS
or PESOS BUT I do not receive/get a single PENNYH OR CENTAVO... AMERICAN PHILOSOPHY acording to ACADEMIA is rooted in PRAGMATISM - truth of any idea as its "cash value"... But I imbibed (that's what I like to believe!) AMERICAN RUGGED INDIVIDUALISM...

TMNP