If we take all of the worlds companies, all of the worlds resources, and put them together as World Inc. (One humongous Company that comprises the world, and owns all of the Companies currently trading, as well as all of the worlds liabilities, including all of the healthcare, unemployment, poverty, global disasters etc.. ). I'm sure the business of World Inc. would be running at a huge loss. Hence if you then amalgamate all of the current worlds currencies into one Global currency and do the sums, some "entity" is making a lot of money out of World Inc. loaning them money, for which they will never be able to pay back!!!..
It appears that the worlds current money system is totally skewed, and setup in faviour of a small minority of source providers of money to the world where they are slowly paralyzing all of the world economies for their own gain. No rocket science required here,.. all we need to do, is to adopt a new system developed using a modern scientific like approach, that actually works to the benefit of the whole of mankind!. So ok apes, you can stop laughing now!!!
Friday, 21 February 2014
Thursday, 20 February 2014
Ireland - An attractive location for my holiday / vacation this summer? (Summer 2014)
With all of the horrendous weather we have had this winter in Ireland (and the UK in general), it would not be surprising if it was followed by a glorious summer. And whenever this happens, there's no better place to be than on your hols in the many beautiful places that are worth exploring, especially in Ireland where there should be the additional advantage of being able to do it on a budget as well!.. From the ring of Kerry to the Glens of Antrim, there's so much beauty and so many places to chill the list is just huge.
However, during the Celtic tiger period in particular, Ireland was viewed as an expensive place to visit, whereas now, with so many businesses just happy to stay afloat, there must also be a huge attraction with the low cost of holidaying around such beauty. The Irish governments policy of applying a 9% vat rate on most things holiday related should also help in keeping the costs down. In addition the Euro has been quite weak, and is not expected to gain much over the summer, with most Euro nations struggling to maintain their economies. So it all makes perfect to organize your holiday to Ireland this summer!..
However, during the Celtic tiger period in particular, Ireland was viewed as an expensive place to visit, whereas now, with so many businesses just happy to stay afloat, there must also be a huge attraction with the low cost of holidaying around such beauty. The Irish governments policy of applying a 9% vat rate on most things holiday related should also help in keeping the costs down. In addition the Euro has been quite weak, and is not expected to gain much over the summer, with most Euro nations struggling to maintain their economies. So it all makes perfect to organize your holiday to Ireland this summer!..
Monday, 18 November 2013
Demolition of Ghost Estates in Ireland, as well as the land reclamation is in the domain of the sources of the initial mis-investments
The recent news in Ireland that the state is likely to foot the bill for the demolition of around 40 ghost estates around the country should simply NOT be the case.
There is no need for anyone to "foot the bill" for any such previous error of judgement by whoever was responsible for these ghost estates. The key point is to look at the issue of how they were created in the first place:
Financial institutions (lets call them "banks") lent out money on a profit driven basis, with little regard for any overall long-term strategic development plan. These properties where then built with all this leaveraged capital, and once the inevitable end of the boom happened, this same capital dried up, preventing these estates from being completed. If we can just isolate "the banking system" as a source of capital, then what they do (in conjunction with a central bank) is issue the money to be raised to finance these projects, and once the projects are successfully completed, and a return is obtained on this investment (ideal scenario for the banks), then they get a return on REAL equity, i.e. Work/Building/Human activity, in return for issuing capital that was essentially generated from nothing.
However, because these projects FAILED and the return was not yielded, all the banks have to do is write the investment off, so that no one has to fork out payment for anything that was never realized in the first place. Hence, the cost of demolishing these failed estates forms part of the overall cost of these projects, and is therefore added to the projects overall cost that is to be included in the write off amount. In addition to this the cost of putting the land back to some normality (or where it was before the projects begun would also be encompassed in the overall cost of these failed projects. Once this is achieved we are back to point zero from the projects inception.
There is no need for anyone to "foot the bill" for any such previous error of judgement by whoever was responsible for these ghost estates. The key point is to look at the issue of how they were created in the first place:
Financial institutions (lets call them "banks") lent out money on a profit driven basis, with little regard for any overall long-term strategic development plan. These properties where then built with all this leaveraged capital, and once the inevitable end of the boom happened, this same capital dried up, preventing these estates from being completed. If we can just isolate "the banking system" as a source of capital, then what they do (in conjunction with a central bank) is issue the money to be raised to finance these projects, and once the projects are successfully completed, and a return is obtained on this investment (ideal scenario for the banks), then they get a return on REAL equity, i.e. Work/Building/Human activity, in return for issuing capital that was essentially generated from nothing.
However, because these projects FAILED and the return was not yielded, all the banks have to do is write the investment off, so that no one has to fork out payment for anything that was never realized in the first place. Hence, the cost of demolishing these failed estates forms part of the overall cost of these projects, and is therefore added to the projects overall cost that is to be included in the write off amount. In addition to this the cost of putting the land back to some normality (or where it was before the projects begun would also be encompassed in the overall cost of these failed projects. Once this is achieved we are back to point zero from the projects inception.
Wednesday, 12 January 2011
The World Capitalist System re-defined!
Many of us who live in any of the (mainly Western) worlds capitalist countries, tend to take for granted the way the capitalist system works, by using capital to define the distribution / re-distribution of wealth. But what about the new wave of Web structures that threaten do undermine the whole capitalist system by wiping out whole profit areas for not just a lot of business, but also many global corporate monoliths that depend on these areas for their very surivival. Some examples include the areas of Music distribution, Finanical informaton (which had previously been sold at a premium, instead of the click of a mouse), the distribution of FREE software and interenet utilities that had previously cost an absolute fortune, and much of it only in the hands of those rich oligarchs. Well, welcome to the new world of post - capitalism. I'd like to call it the world of webitalism. But hey, doesnt all this free stuff, seriously undermine and damage the very fabric of the capitalist system. Yes it does, if you live in that world of "old" capitalism. However in the new world of webitalism, the image of the new world is VERY different indeed!!.. Read on .. and find out more!! .....
Friday, 22 October 2010
How do you deal with a company that has entered administration?
If you are in business, and you suddenly discover that one of our customers has entered administration, and they owe you money, are you likely to get paid?. What are the implications for dealing with such companies. If a new company approaches you for business, that is already in administration, do you insist on cash up front?.. Let me know your views!
Welcome to all issues financial
Hi, Fin here!.. Welcome to my Financial patter blog.. where inputs of financial importance are encouraged!.. The goal of this blog is to highlight financial issues that need to be examined, and to evaluate their credibility, value to society, etc.. So keep looking here, and I'm sure you will find some inVALUABLE information, if not now,.. in the near future!..
(remember: we expect the future to last a LONG time, so the near future can be just years away!!)
(remember: we expect the future to last a LONG time, so the near future can be just years away!!)
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