Guyana.org Guyana News and Information Discussion Forums Political Discussions Economic Lessons of the 1970s
Guyana News and Information Discussion Forums Political Discussions Economic Lessons of the 1970sModerators: Admin
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Member Location: this instant is the only time there is
Registered:: April 10, 2008
Posts: 1049
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Posted
Did Guyanese learn survival skills, if any, that would help them in the developing world-wide economic collapse?
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Member Location: this instant is the only time there is
Registered:: April 10, 2008
Posts: 1049
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Posted
Food lines? High gas prices? Inflation?
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Member Location: Bradenton, FL
Registered:: May 10, 2006
Posts: 3780
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Posted
DV rough times ahead bai. Stagflation! The BIS report makes a frightening read!
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I pity the fool Location: London, UK
Registered:: November 23, 2002
Posts: 7327
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Posted
Yep, the monthly food parcel and cheque from abroad. |
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Member Location: Bradenton, FL
Registered:: May 10, 2006
Posts: 3780
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Posted
I have to plant some bigan and bagie.
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Member Location: this instant is the only time there is
Registered:: April 10, 2008
Posts: 1049
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Posted
not this time. |
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Member Location: this instant is the only time there is
Registered:: April 10, 2008
Posts: 1049
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Posted
it will be an interesting 10 years. |
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Member Location: Bradenton, FL
Registered:: May 10, 2006
Posts: 3780
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Posted
There is a good probability you're right! |
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Member Location: this instant is the only time there is
Registered:: April 10, 2008
Posts: 1049
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Posted
drilling for more oil, finding alternative energy are not the solution. if the us crashes, so will chindia, others. developed countries have been riding high on debt. the mortgage crisis is hitting the credit card market. i think this will be one of the biggest crises in human history. best antidote here i think is to stay informed, think.
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I pity the fool Location: London, UK
Registered:: November 23, 2002
Posts: 7327
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Posted
The Bible says it will be 7 years.
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Member Location: this instant is the only time there is
Registered:: April 10, 2008
Posts: 1049
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Posted
the famine or the pestilence  |
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I pity the fool Location: London, UK
Registered:: November 23, 2002
Posts: 7327
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Posted
. We can only hope for the best. |
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Member Location: Bradenton, FL
Registered:: May 10, 2006
Posts: 3780
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Posted
Of course, drilling does not solve the problem without addressing the demand side. Better fuel consumption in America in particular is needed. And of course alternative energy. Ditch corn ethnol in favor of sugar ethanol (good thing for Guyana BTW), solar, wind, hybrids, nuclear will all help. I'm not a big fan of drilling. And I dont like coal because of the global warming issue. That's what the Texas interests are pushing on Squawk Box, Kudlow et al. These people dont have shame! They make it appear as though Indian and China are problems.  These people are Malthusian to the bones! I'm a Schumpeter and not a Malthus! Fundamentally they believe they must have two V8 engine vehicles (and 5000+ square feet homes) while the poor world must walk around in rubber slippers and live in shacks. This credit crunch matter is deep and far reaching. I just see the IPO market in the US is frozen. Financial innovation and reckless use of derivatives and of course the reckless Bush Administration are the key culprits for this mess. |
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Member Location: this instant is the only time there is
Registered:: April 10, 2008
Posts: 1049
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Posted
the indomitable guyanese spirit
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Member Registered:: September 05, 2006
Posts: 4904
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Posted
Except for the high fuel and food prices, we have been pretty immune to the downturn in Canada thus far. However, given the fact that the two economies are so intertwined, it is only of time before the consequences of a US economic downturn is felt in Canada.
Our property prices have not collapsed (as yet). |
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Elite Member Location: Homeless in New York, Lil ABC dropout!
Registered:: March 22, 1999
Posts: 24146
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Posted
cheer up!
When bush attacks Iran, business will perk up. |
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Member Registered:: July 02, 2007
Posts: 1752
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Posted
TK,
I heard the US is suppressing ethanol production from sugar cane in Brazil by placing a $.54 tariff on each gallon. Some argue that if this tariff is lowered it would surely help boost ethanol production in Brazil and other parts of the world. The US produce more ethanol than Brazil but most of it are from corn and beets. Please tell us your opinion on this. |
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Member Location: Bradenton, FL
Registered:: May 10, 2006
Posts: 3780
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Posted
Correct Billy, there is a tariff on imported ethanol. And at the same time corn farmers are subsidized. It is the worst possibe economics...one of the worst ideas! Sugar ethanol is by far better and more efficient and good for GY. |
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Member Registered:: July 02, 2007
Posts: 1752
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Posted
TK,
Ethanol is an issue in this presidential election campaign but the media has not focused enough on it. Mr. Obama favors the $.54 Tariff on imported ethanol made from sugar cane and holy supports the subsidies on corn. McCain does not support subsidies nor the tariff on imported ethanol. I think in the interest of the world, McCain's energy policy is a better one than Obama's. Obama has been receiving great support from many of the powerhouses in the American ethanol industry. The NY times noted the following: Ethanol is one area in which Mr. Obama strongly disagrees with his Republican opponent, Senator John McCain of Arizona. While both presidential candidates emphasize the need for the United States to achieve “energy security†while also slowing down the carbon emissions that are believed to contribute to global warming, they offer sharply different visions of the role that ethanol, which can be made from a variety of organic materials, should play in those efforts. Mr. McCain advocates eliminating the multibillion-dollar annual government subsidies that domestic ethanol has long enjoyed. As a free trade advocate, he also opposes the 54-cent-a-gallon tariff that the United States slaps on imports of ethanol made from sugar cane, which packs more of an energy punch than corn-based ethanol and is cheaper to produce. “We made a series of mistakes by not adopting a sustainable energy policy, one of which is the subsidies for corn ethanol, which I warned in Iowa were going to destroy the market†and contribute to inflation, Mr. McCain said this month in an interview with a Brazilian newspaper, O Estado de São Paulo. “Besides, it is wrong,†he added, to tax Brazilian-made sugar cane ethanol, “which is much more efficient than corn ethanol.†Mr. Obama, in contrast, favors the subsidies, some of which end up in the hands of the same oil companies he says should be subjected to a windfall profits tax. In the name of helping the United States build “energy independence,†he also supports the tariff, which some economists say may well be illegal under the World Trade Organization’s rules but which his advisers say is not. |
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Elite Member Location: ny
Registered:: July 12, 2002
Posts: 23176
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Posted
A Brazilian company just bought massive sugar assets in Jamaica with a view to exporting ethanol. They have done the same in the DR. In the meantime we talk about govt to govt cooperation and feasibility studies. |
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Knows the ropes Member Location: India
Registered:: August 21, 2002
Posts: 6127
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Posted
Yes, we learned the "survival" skills long recessed by most of the rest of Guyanese society. They created the conditions where bullyism rules and the brutish survive. We were expected to survive like African gorillas out on the Congo. We were expected the fight for scraps of food and steal and pilfer where ever we can. This suited ther skills mst, as Benford once boasted. And for those more privileged, a PNC card was the way out, but you had to sell your princilples. This is what the PNC brought to the people of Guyana as human development. They took us back to where they and their constituency feel most at home. |
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Member Location: this instant is the only time there is
Registered:: April 10, 2008
Posts: 1049
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Posted
are you saying that the unprivileged preposs skills which ensure survival but the privileged lack the personal responsbility for decisions which can do the same? across that divide, your proposition seems consisent with darwinism. |
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Knows the ropes Member Location: India
Registered:: August 21, 2002
Posts: 6127
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Posted
Yes, law of the jungle, survival of the fittest within the jungle context. In most other societies, it's within human development civilization context. The PNC and their constituency were better suited, intellectually and morally, for the "jungle context". |
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Member Location: this instant is the only time there is
Registered:: April 10, 2008
Posts: 1049
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Posted
isn't almost all of guyana jungle? |
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Knows the ropes Member Location: India
Registered:: August 21, 2002
Posts: 6127
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Posted
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