I think it’s time for some political humor.
After having seen this cartoon, don’t you agree that no other president has given more to his country? We should ask him if he would like to lead Europe in that direction. Maybe let him replace Trichet?
Illustration by Kevin Kallaugher
Buffett explains what a trade deficit is in layman’s terms…
“In effect, our country has been behaving like an extraordinarily rich family that possesses an immense farm. In order to consume 4 percent more than we produce — that’s the trade deficit — we have, day by day, been both selling pieces of the farm and increasing the mortgage on what we still own.”
He goes on to explain why the US can spend like crazy…
“…we can behave today as we wish because our past financial behavior was so exemplary…”
…and warns that it will be over - sometimes.
“…our national credit card allows us to charge truly breathtaking amounts. But that card’s credit line is not limitless.”
AND he actually proposes a solution!
“We would achieve this balance by issuing what I will call Import Certificates (ICs) to all U.S. exporters in an amount equal to the dollar value of their exports. Each exporter would, in turn, sell the ICs to parties — either exporters abroad or importers here — wanting to get goods into the U.S. To import $1 million of goods, for example, an importer would need ICs that were the byproduct of $1 million of exports. The inevitable result: trade balance. ”
Buffe, we love ya! Now, let’s hope there will soon be a US president that has the balls to actually do something!
Source: marcialis.eu
According to a confidential information of one of the members of the board of directors of a major belgian Bank, the crash of the shares of FORTIS is only the tip of the ice berg.
The vote of the Flemish parliament to separate BHV (= first step of the Flemish government to transform Brussels into the capital of Flanders) has disastrous consequences of foreign capital investors in Flanders. Foreign and especially American investors want political stability.
In the following months it is expected that no additional investments will be made in Flanders. Other investment decisions will be reviewed.
Rumors say that Dow Corning intend to leave Belgium for Paris; Glaxo-Smith-Kline is revising its decision to expand; Dupont is expected to review its investments in the port of Antwerp.
Many foreigners from the new member states have arrived in Brussels to work in the European institutions or in European lobby companies. These well paid foreigners are expected to buy flats and houses in the next months and years. The vote of the Flemish parliament is perceived by them as an unacceptable nationalistic act. For them the Flemish are the bad guys, and the French speaking are the victims. They will not want to live in regions and cities governed by nationalists. They don’t want to be associated with such political convictions. They will invest in Brussels and Wallonia.
According to the market analysts of the major bank conglomerate, the real estate market in Flanders will fall by 10 to 25% in the next few months. They strongly recommend that owners do not panic and sell, else the market could collapse in summer 2008.
About the splitting of Belgium, please read and watch this: Link
I have been working hard to get an SSL Certificate for this site, and I also started selling some stuff on eBay. In a few hours you’ll be able to find more than just PCs! It will also have a new URL to be supported by the SSL Certificate. So wait and see!
Feel free to post ideas of things you want to see in my store here!
