The rest of the world needs the US economy and financial system to recover in order for it to revive. We remain at the center of global economic activity with financial and trade ties to every region of the globe.
quote by Timothy Geithner
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In the financial system we have today, with less risk concentrated in banks, the probability of systemic financial crises may be lower than in traditional bank-centered financial systems.
quote by Timothy Geithner
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You need in the long run for stability, for economic growth, for jobs, as well as for financial stability, global economic institutions that make sure that growth to be sustained has to be shared, and are built on the principle that the prosperity of this world is indivisible.
quote by Gordon Brown
Submitted by Lucian Velea
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Financial Amnesty
Wrongdoers created financial meltdown
In a sea of red ink whole Countries drown
For greed, they’ve altered global destiny
Leaders ought proclaim financial amnesty
ROTMS
poem by Ray Lucero
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And, unlike the earlier bombing on the World Trade Center, a major landmark and symbol of the strength of the financial world was, not just damaged but, totally destroyed.
quote by Allen Klein
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Our view is that economic isolationism is the wrong way to go. Vibrant, successful growing economies that advance the interests of their citizens engage the global economy. And, we're committed to engaging the global economy.
quote by John W. Snow
Submitted by Lucian Velea
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Crisis Looming
Financial crisis is looming ahead, as hearts fill with fear and dread,
The crisis now seen can’t be denied, as problems move worldwide.
Many looking for a world financier, to address all the financial fear,
Men from each and every country, are looking for financial stability.
Countries looking to tax and spend, trying to avoid a climactic end.
Men talk about a rippling effect, but they haven’t seen anything yet.
Even corrected, it’s deeper though, and shall fill the world with woe.
Corporate structures and their worth, are falling all across this earth,
Hurting men’s lives and wages, as they trust in their financial sages.
The world we know is headed for, a time no one’s ever seen before.
All of this is the setting of a stage, for the coming End of this Age,
Next there’ll be a spiritual thrust, asking men to hand over their trust,
To one single man with one belief, all as a part of economical relief.
This will all be backed of course, by a worldwide government force,
Lead by one charismatic man, and unknown to all has a darker plan.
That’s to take the end time stage, and fill the world with darker rage.
This Leader shall use all three, Government, Religion and Economy,
To unite this world, all as his own, exalting himself to God’s Throne,
But, as he pursues his plan though, multitudes shall come to know,
This leader won’t help but destroy life, for this man is the Antichrist.
(Copyright ©09/2008)
Economic Development
Economic development is the precondition of higher living standard
Therefore we should focus on economic development at first
We know infrastructural development is a must
For economic development of any country
So the government should go for it in the first place
And if necessary they should go for partnership with private entrepreneurs
Now it’s an open market economy
If we want to take off to the sky of prosperity
We need to utilize our own resources including manpower
We need to figure out our competitive advantages
Because it’s not a hard task for us in the information era
Now-a-days tourism is a lucrative sector for any government
Because we are living in the time of globalization
Protectionism is now a history
That’s why
The role of commercial banks and other financial institutions
Is more pivotal than ever
They should provide loan to the industrialists
In such a manner and style
So that the latter can import cutting-edge tech
In order to survive in the fierce competition of open market
poem by Asif Andalib
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The only way that we can reduce our financial dependence on the inflow of funds from the rest of the world is to reduce our trade deficit.
quote by Martin Feldstein
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But our system of regulation must keep up with this. If it fails to keep up, it will hold back economic expansion. We need financial market regulation that works at national and European level.
quote by John Bruton
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Hitler's economic revolution in Germany had reduced financial considerations to a point where they played no role in economic or political decisions.
quote by Carroll Quigley
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Economic Turns
As the economy continues to turn, many investments fall and burn,
Fueled by an investor’s greed; moved to a want beyond their need.
Money itself is not what’s evil, or does it cause economic upheaval,
But man’s selfish drive for gain, which moves nations to fiscal pain.
It’s the love of money at the heart, of where problems get their start,
That love of money and more loot, that produces inside an evil root,
Seeding in hearts covetousness, far from The Lord’s Righteousness,
A lust and greed, leading men astray, down a dark and broader way.
Looking to be rich for financial relief, pierces a heart with much grief,
Filling a heart with worldly lust, for items destroyed by moth and rust.
While ignoring the things of God, affixing a heart on this earthly sod,
Losing all God’s perfect peace, for this world’s system, that’ll cease.
You can’t serve two masters friend, as only one will stand in the end,
Man cannot serve money and God, Christ said, with a confident nod.
Many griefs are wrapped in sorrow, vacillating from spend to borrow,
While the real thing spent is a life, being mastered, by financial strife.
Just how does it benefit men, to gain the world, but be condemned?
Even if your savings don’t fall, why gain the world to lose your soul?
For all the wealth that you see, will never witness the light of eternity,
While men that invest in the Lord, will continue with Him forevermore.
(Copyright ©09/2008)
Never before in modern times has so much of the world been simultaneously hit by a confluence of economic and financial turmoil such as we are now living through.
quote by Timothy Geithner
Submitted by Lucian Velea
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World Politics Commence Polar Shift
At present we free work
under our own direction
our own financial freedom.
World changes after June
world politics will commence
to go through a polar shift
this is recession cause effect
a financial shake up has dawned
earth quakes life focuses shift
poem by Terence George Craddock
Submitted by Poetry Lover
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America Cries
America cries.
Her economy dies.
Killed by people you can't trust.
America cries as we bite the dust.
America cries. Now come the whys.
No one could see it?
You've got to be kidding.
America cries as the Neros were fiddling.
The capitalist system is so out of hand.
The capitalists have taken over our land.
What's left for us?
Not much you see
except more taxes for you and for me.
Lending and spending, spending and lending,
the crying and weeping will be never-ending.
America cries and says its goodbyes
to times of financial prosperity.
The financial sting that's played like a game
stock market crashes?
foreclosures to blame?
No. America you played into the hands.
They've dumbed us down so no one understands.
America cries. Where were the wise?
They left long ago and will not return.
America cries for she refuses to learn.
poem by Edwina Reizer
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What we know about the global financial crisis is that we don't know very much.
quote by Paul Samuelson
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Our strength in finance has led us to set up an international financial centre with medium and long-term objectives, especially to develop Islamic financial and insurance services.
quote by Hassanal Bolkiah
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We judged that a sudden, disorderly failure of Bear would have brought with it unpredictable but severe consequences for the functioning of the broader financial system and the broader economy, with lower equity prices, further downward pressure on home values, and less access to credit for companies and households.
quote by Timothy Geithner
Submitted by Lucian Velea
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Mixed Doubles
Two who once shared a harmony,
Now together
Sharing grief!
It's the mix of trouble.
Because of the economy.
Who thought a bottom would fall out,
From under two with a future.
Who thought things from them would be removed
After having fantasies approved.
With a signing on a dotted line!
Good credit with timely payments
IF payments made were done on time.
Mixed doubles befuddled in economic trouble.
On a field playing with others.
Sharing grief with hopes of getting financial relief.
Two who once shared a harmony,
Now together
Sharing grief!
It's the mix of trouble.
Because of the economy.
Mixed doubles befuddled in economic trouble.
On a field playing with others.
Sharing grief with hopes of getting financial relief.
Who thought a bottom would fall out,
From under two with a future.
Who thought things from them would be removed
After having fantasies approved.
Mixed doubles befuddled in economic trouble.
With a signing on a dotted line!
Good credit with timely payments
IF payments made were done on time.
poem by Lawrence S. Pertillar
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The WTO has one of the most impressive records in global economic governance, by promoting trade liberalisation and economic development.
quote by Anna Lindh
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One of the gaps in our international development efforts is the provision of global public goods - that is, goods or conditions we need that no individual or country can secure on their own, such as halting global warming, financial stability and peace and security.
quote by Anna Lindh
Submitted by Lucian Velea
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