Guest guest Posted December 16, 2009 Report Share Posted December 16, 2009 Dear Learned Members, It is said that in he contemperoray world finance holds as much power as the waepons and military might of yester years. Recently a credit rating agency has warned that the Soverign ratings of UK and US will fall in 2011 unless they take drastic action in 2010 to rebalance their budgets or at least atempt to do so. They are thus now facing the unenvious task of choosing between withdrawing the liquidity ( introduced to refloat the ecmonomy after last years bust ) or to let it continue and face huge consequences ( inflation, currency crashes and turmoil ). Looks like in 20 years time China has exported so much that all the world has become its consumer. The concentration of phsical wealth in China is more that what the US had in its boom years after WW II. Signs look omnious. 2/3 years down the line some of the stalwarts may become second rung states. a new order cometh ? This may sound like mundane but let us not forget that all of us buy food and have to spend from earnings. Like SS ji had asked for the effects of transit of Saturn in Leo last year - i think there is need to study effects of all planets on the likely events of the future. I request the moderators to allow discussion on this topic.Chiranjiv Mehta The INTERNET now has a personality. YOURS! See your Homepage. Quote Link to comment Share on other sites More sharing options...
Recommended Posts
Join the conversation
You are posting as a guest. If you have an account, sign in now to post with your account.
Note: Your post will require moderator approval before it will be visible.