View allAll Photos Tagged GlobalEconomy
Gloria turns away in disappointment as she realises that the global credit crunch means she won't be offered a mortgage and so the Monday Blues have hit her. However, she is now internet dating Gary ( www.flickr.com/photos/kiwi_gal/2837696616/in/ set-72157605 ) proving that every cloud has its silver lining.
Flickr friends, I've just started a secondment at work which lasts til the end of November. My work hours are now much longer so please forgive me if I seem to slow down on commenting. Today has been the first day I've been unable to check Flickr during the day for the last year!! However, I will try and catch up in the evenings!
It’s going to take more than glue or good will to fix the European Union crisis…
Macro Monday project – 11/21/11
“Metallic"
At the beach promenade in Ostend, one of the cube-shaped installations from the Fotobiennale Oostende 2025 stood out against the pale light of the North Sea. The work by Philippe Shangti displayed contrasting symbols on its sides — a rose made from Coca-Cola cans and a crowd forming the American flag on one face; on the opposite side, the Chinese flag was built from stacked shipping containers.
The three images seemed to mirror the global conversation between culture and commerce — between soft power and industrial strength. They also reflected the larger discussion between China and the United States on trade and influence. I liked how the red hull of a ship in the background repeated the same tones, visually connecting the artwork to the working harbor.
Shangti's glossy, staged images often explore themes of consumerism, identity, and belief — and here, too, the composition felt both playful and ironic. For a brief moment, art, politics, and everyday life came together perfectly along the Ostend seafront.
We are headed for a global currency reset in which cash will be phased out and replaced with Central Bank Digital Currencies (CBDCs). The role of the US dollar as the world’s reserve currency will soon come to an end. It will be substituted with a multipolar system of reserve currencies that will be placed under the oversight of the International Monetary Fund. The IMF’s Special Drawing Rights (SDRs) will be expanded to support global trade and investment. This will reduce the dominance of any one country in the global financial system, providing greater stability to the global economy.
Such a system will only last for so long, because it’s a repackaged fiat currency scheme. This system is designed to crash, so that it can be further centralized. In the march towards a one world government (open borders and global citizens), all CBDCs will eventually be consolidated into a centralized One World Digital Currency. The quickest and easiest way to integrate the world’s populace into such a system will be through the introduction of a microchip ID system. Therefore, this new global currency system will be linked to a mandatory system-on-a-chip smart tattoo. A person’s information will be tied to their bio-compatible tattoo. They will be tracked in real time all the time. All their data will be analyzed by AI and stored on the cloud. As a security precaution, piezoelectric biometric nanomachine technology will monitor the inside of each person’s body; this will protect their biometric information from unauthorized access from ever-evolving cyber-based vulnerabilities.
The Bible warns that a day is coming when no one will be able to buy or sell without a mark (stamp of servitude) on their hand or forehead. 666: only transhumans will be allowed to participate in the Beast system. Indeed, the future comes in small packages.
I was looking at this scene from the freeway wondering how many people try to make the journey across the Pacific to America in one of these containers in the hopes of a better life. I am sure it has been done successfully, but probably more times not.
I was also thinking to myself how dependent everyone now is on global trade and that it really is sort of a small world after all.
Feel free to use this image. This photo expresses how I feel about our current government budget. It was created for my site www.AssistedSeniorLiving.net. If you check out the site and like it, please link to it so other might be able to get access to this underused site.
the money $hot
"As the world stock markets fluctuate, two-thirds of international trade is transacted in U.S dollars, this accounts for 0.3% of dollar usage in the global economy which in return is valued at about $30 trillion." ~Tomitheos
fun fact: it costs about 4 cents to make each bill $
Copyright © 2012 Tomitheos Photography - All Rights Reserved
What a “contrast” between when the euro was establish as a common currency and today. It seems that the entire concept of a “Europe union” is at risk. More than ever we can see how hard it is to balance culture, fiscal responsibility and political balance when the only thread is a monetary one.
Really scary is to know that the future of the global economy might be determined by the irresponsibility and greediness of a few. Happy Halloween my friends!
Macro Monday project – 10/31/11
“Spooky & Scary"
International Monetary Fund Managging Director Christine Lagarde (L) discusses key issues in the global economy with Stephen Sackur (R) of the BBC’s HARDtalk April 14, 2016 at George Washington University's Lisner Auditorium in Washington, DC. The IMF/World Bank Spring Meetings are in Washington this week. IMF Staff Photograph/Stephen Jaffe
Qatar is one of the global economy’s few bright spots this year. In early November after a visit to Doha in early November IMF managing director Christine Lagarde said that Qatar’s economic growth will accelerate to 4.5 per cent from 4 percent in 2014 and “the near-term macroeconomic outlook rema...
Yang Yanqing (left to right), Deputy Editor-in-Chief and Anchor of China Business News, leads a panel on The Evolving Role of China in the Global Economy with panelists Fu Chengyu, B20 Co-Chair for Infrastructure Taskforce and chairman of China Petroleum and Chemical Corporation, during the 2016 IMF/World Bank Spring Meetings in Washington, D.C. Ryan Rayburn/IMF Photo
I created this shot in my studio for use on my site, AssistedSeniorLiving.net but I want to share it since it is applicable to much more than just senior retirement planning. Feel free to use this image but please check out our website at www.assistedseniorliving.net and give us some love. It is very difficult to get seniors to socialize so your help can really help us establish the site as a great resource for caregivers and seniors.
Better safe than sorry! You never know in the current global economic scenario!
Macro Monday project – 11/21/11
“Metallic"
Against the G8-summit taking place in Heiligendamm from 6 to 8 June demonstrate more than 15000 anti-globalisation activists. The people blocks all accesses to the summit area.
Bank Deposit
When we make a bank deposit we actually transfer the ownership of the cash to the commercial bank in exchange for a receipt.
Copyright © 2009 Tomitheos Photography - All Rights Reserved
Money Series (2 of 4)
International Monetary Fund Managging Director Christine Lagarde (L) discusses key issues in the global economy with Stephen Sackur (R) of the BBC’s HARDtalk April 14, 2016 at George Washington University's Lisner Auditorium in Washington, DC. The IMF/World Bank Spring Meetings are in Washington this week. IMF Staff Photograph/Stephen Jaffe
It is disheartening and painful that the global economy and the economic health of an entire nation are at risk thanks to egotistical self-interest of few. There are no words to describe the current political atmosphere here in the U.S. Simply disgusting.
Macro Monday project – 08/08/11
"Pain/Painful "
I love my savings, but lately with all the crisis and crazy fluctuation of the market it fells that my “economic nest” is getting smaller everyday…
Macro Monday project – 10/03/11
“My Favorite Smallest Thing"
On April 6, 2017, the Global Economy and Development program at Brookings co-hosted a panel discussion along with the United Nations Foundation on the role of the private sector in global sustainable development, with opening remarks from Lord Mark Malloch-Brown. Lord Malloch-Brown chairs the Business and Sustainable Development Commission, which recently released the “Better Business, Better World” report. The report makes the case that, not only do the SDGs need the private sector, but business needs the SDGs too. Specifically, the report argues that sustainable business models could open economic opportunities worth up to $12 trillion and increase employment in the developing world by up to 380 million jobs by 2030.
Photo credit: Ralph Alswang
Happy 4th of July Celebrations!
"The 'money shot' also known as the 'selling point' of a film, is a popular film quote that refers to the movie sequence that cost the most money to produce or the scene that is the reason an audience paid to see." -Tomitheos
fun fact:
There is a proposal to replace Ulysses S. Grant's face on the $50 bill with Ronald Reagan.
Copyright © 2012 Tomitheos Photography - All Rights Reserved
New Yorkers Protest the US$850 BILLION (US$3 TRILLION) Wall Street BAILOUT: Wall Street, NYC - September 25, 2008
VOTE YOUR CONSCIENCE on 04 NOVEMBER 2008!
Photographer: a. golden, eyewash design - c. 2008.
Friends,
The richest 400 Americans -- that's right, just four-hundred people -- own MORE than the bottom 150 million Americans COMBINED! 400 of the wealthiest Americans have got more stashed away than half the entire country! Their combined net worth is $1.6 trillion. During the eight years of the Bush Administration, their wealth has increased by nearly $700 billion -- the same amount that they were demanding We give to them for the "bailout." Why don't they just spend the money they made under Bush to bail themselves out? They'd still have nearly a trillion dollars left over to spread amongst themselves!
Of course, they are not going to do that -- at least not voluntarily. George W. Bush was handed a $127 billion surplus when Bill Clinton left office. Because that money was OUR money and not HIS, he did what the rich prefer to do -- spend it and never look back. Now we have a $9.5 trillion debt that will take seven generations from which to recover. Why -- on --earth – did -- our -- "representatives" -- give -- these -- robber -- barons -- $US850 BILLION -- of – OUR -- money?
Last week, proposed my own bailout plan. My suggestions, listed below, were predicated on the singular and simple belief that the rich must pull themselves up by their own platinum bootstraps. Sorry, fellows, but you drilled it into our heads one too many times: THERE...IS...NO…FREE... LUNCH ~ PERIOD! And thank you for encouraging us to hate people on welfare! So, there should have been NO HANDOUTS FROM US TO YOU! Last Friday, after voting AGAINST this BAILOUT, in an unprecedented turn of events, the House FLIP-FLOPPED their "No" Vote & said "Yes", in a rush version of a "bailout" bill vote. IN SPITE OF THE PEOPLE'S OVERWHELMING DISAPPROVAL OF THIS BAILOUT BILL... IN SPITE OF MILLIONS OF CALLS FROM THE PEOPLE CRASHING WASHINGTON "representatives'" PHONE LINES...IN SPITE OF CRASHING OUR POLITICIAN'S WEBSITES...IN SPITE OF HUNDREDS OF THOUSANDS OF PEOPLE PROTESTING AROUND THE COUNTRY... THEY VOTED FOR THIS BAILOUT! The People first succeeded on Monday with the House, but failed do it with the Senate and then THE HOUSE TURNED ON US TOO!
It is clear, though, we cannot simply continue protesting without proposing exactly what it is we think THESE IDIOTS should/'ve do/one. So, after consulting with a number of people smarter than Phil Gramm, here’s the proposal, now known as "Mike's Rescue Plan." (From Michael Moore's Bailout Plan) It has 10 simple, straightforward points. They are that you DIDN'T, BUT SHOULD'VE:
1. APPOINTED A SPECIAL PROSECUTOR TO CRIMINALLY INDICT ANYONE ON WALL STREET WHO KNOWINGLY CONTRIBUTED TO THIS COLLAPSE. Before any new money was expended, Congress should have committed, by resolution, to CRIMINALLY PROSECUTE ANYONE who had ANYTHING to do with the attempted SACKING OF OUR ECONOMY. This means that anyone who committed insider trading, securities fraud or any action that helped bring about this collapse should have and MUST GO TO JAIL! This Congress SHOULD HAVE called for a Special Prosecutor who would vigorously go after everyone who created the mess, and anyone else who attempts to scam the public in future. (I like Elliot Spitzer ~ so, he played a little hanky-panky...Wall Street hates him & this is a GOOD thing.)
2. THE RICH SHOULD HAVE PAID FOR THEIR OWN BAILOUT! They may have to live in 5 houses instead of 7. They may have to drive 9 cars instead of 13. The chef for their mini-terriers may have to be reassigned. But there is no way in hell, after forcing family incomes to go down more than $2,000 dollars during the Bush years, that working people and the middle class should have to fork over one dime to underwrite the next yacht purchase.
If they truly needed the $850 billion they say they needed, well, here is an easy way they could have raised it:
a) Every couple makeing over a million dollars a year and every single taxpayer who makes over $500,000 a year should pay a 10% surcharge tax for five years. (It's the Senator Sanders plan. He's like Colonel Sanders, only he's out to fry the right chickens.) That means the rich would have still been paying less income tax than when Carter was president. That would have raise a total of $300 billion.
b) Like nearly every other democracy, they should have charged a 0.25% tax on every stock transaction. This would have raised more than $200 billion in a year.
c) Because every stockholder is a patriotic American, stockholders should have forgone receiving a dividend check for ONE quarter and instead this money would have gone the treasury to help pay for the bullsh*t bailout.
d) 25% of major U.S. corporations currently pay NO federal income tax. Federal corporate tax revenues currently amount to 1.7% of the GDP compared to 5% in the 1950s. If we raised the corporate income tax BACK to the levels of the 1950s, this would give us an extra $500 billion.
All of this combined should have been enough to end the calamity. The rich would have gotten to keep their mansions and their servants and our United States government ("COUNTRY FIRST!") would've have a little leftover to repair some roads, bridges and schools...
3. YOU SHOULD HAVE BAIL OUT THE PEOPLE LOSING THEIR HOMES, NOT THE PEOPLE WHO WILL BUILD AN EIGHTH HOME! There are 1.3 million homes in foreclosure right now. That is what is at the heart of this problem. So, instead of giving the money to the banks as a gift, they should have paid down each of these mortgages by $100,000. They should have forced the banks to renegotiate the mortgage so the homeowner could pay on its current value. To insure that this help wouldn't go to speculators and those who tried to making money by flipping houses, the bailout should have only been for people's primary residences. And, in return for the $100K pay-down on the existing mortgage, the government would have gotten to share in the holding of the mortgage so it could get some of its money back. Thus, the total initial cost of fixing the mortgage crisis at its roots (instead of with the greedy lenders) is $150 billion, not $850 BILLION.
And let's set the record straight. People who have defaulted on their mortgages are not "bad risks." They are our fellow Americans, and all they wanted was what we all want: a home to call their own. But, during the Bush years, millions of the People lost the decent paying jobs they had. SIX MILLION fell into poverty! SEVEN MILLION lost their health insurance! And, every one of them saw their real wages go DOWN by $2,000! Those who DARE look down on these Americans who got hit with one bad break after another should be ASHAMED.! We are a better, stronger, safer and happier society when all of our citizens can afford to live in a home they own.
4. THERE SHOULD HAVE BEEN A STIPULATION THAT IF YOUR BANK OR COMPANY GOT ANY OF OUR MONEY IN A "BAILOUT," THEN WE OWN YOU. Sorry, that's how it's done. If the bank gives me money so I can buy a house, the bank "owns" that house until I pay it all back -- with interest. Same deal for Wall Street. Whatever money you need to stay afloat, if our government considers you a safe risk -- and necessary for the good of the country -- then you can get a loan, but WE SHOULD OWN YOU. If you default, we will sell you. This is how the Swedish government did it and it worked.
5. ALL REGULATIONS SHOULD HAVE BEEN BE RESTORED. THE REAGAN REVOLUTION IS DEAD! This catastrophe happened because we let the fox have the keys to the hen-house. In 1999, Phil Gramm authored a bill to remove all the regulations that governed Wall Street and our banking system. The bill passed and Clinton signed it. Here's what Sen.Phil Gramm, McCain's chief economic advisor, said at the bill signing:
"In the 1930s ... it was believed that government was the answer. It was believed that stability and growth came from government overriding the functioning of free markets.
"We are here today to repeal [that] because we have learned that government is not the answer. We have learned that freedom and competition are the answers. We have learned that we promote economic growth and we promote stability by having competition and freedom.
"I am proud to be here because this is an important bill; it is a deregulatory bill. I believe that that is the wave of the future, and I am awfully proud to have been a part of making it a reality."
FOR THIS NOT TO REOCCUR, This BILL SHOULD HAVE BEEN REPEALED! Bill Clinton could have helped by leading the effort for the repeal of the Gramm bill and the reinstating of even tougher regulations regarding our financial institutions. And when they were done with that, they should have restored the regulations for the airlines, the inspection of our food, the oil industry, OSHA, and every other entity that affects our daily lives. All oversight provisions for any "bailout" should have had enforcement monies attached to them and criminal penalties for all offenders.
6. IF IT'S TOO BIG TO FAIL, THEN THAT MEANS IT'S TOO BIG TO EXIST! Allowing the creation of these mega-mergers and not enforcing the monopoly and anti-trust laws has allowed a number of financial institutions and corporations to become so large, the very thought of their collapse means an even bigger collapse across the entire economy. No ONE or TWO companies should EVER have this kind of power! The so-called "economic Pearl Harbor" can't happen when you have hundreds -- thousands -- of institutions where people have their money. When we have a dozen auto companies, if one goes belly-up, we DON'T FACE A NATIONAL DISASTER! If we have three separately-owned daily newspapers in your town, then one media company can't call all the shots (I know... What am I thinking?! Who reads a paper anymore? Sure glad all those mergers and buyouts left us with a STRONG and "FREE" press!). Laws Should have been enacted to prevent companies from being so large and dominant that with one slingshot to the eye, the GIANT FALLS and DIES. And no institution should be allowed to set up money schemes that NO ONE understands. If you can't explain it in two sentences, you shouldn't be taking anyone's money!
7. NO EXECUTIVE SHOULD EVER BE PAID MORE THAN 40 TIMES THEIR AVERAGE EMPLOYEE, AND NO EXECUTIVE SHOULD RECEIVE ANY KIND OF "PARACHUTE" OTHER THAN THE VERY GENEROUS SALARY HE OR SHE MADE WHILE WORKING FOR THE COMPANY. In 1980, the average American CEO made 45 times what their employees made. By 2003, they were making 254 times what their workers made. After 8 years of Bush, they now make over 400 times what their average employee makes. How We have allowed this to happen at publicly held companies is beyond reason. In Britain, the average CEO makes 28 times what their average employee makes. In Japan, it's only 17 times! The last I heard, the CEO of Toyota was living the high life in Tokyo. How does he do it on so little money? Seriously, this is an OUTRAGE! We have created the mess we're in by letting the people at the top become bloated beyond belief with millions of dollars. THIS HAS TO STOP! Not only should no executive who receives help out of this mess profit from it, but any executive who was in charge of running his company into the ground should be FIRED before the company receives ANY help.
8. CONGRESS SHOULD HAVE STRENGTHENED THE FDIC AND MADE IT A MODEL FOR PROTECTING NOT ONLY PEOPLE'S SAVINGS, BUT ALSO THEIR PENSIONS AND THEIR HOMES. Obama was correct to propose expanding FDIC protection of people's savings in their banks to $250,000. But, this same sort of government insurance must be given to our NEVER have to worry about whether or not the money they've put away for their old age will be there. This should have meant strict government oversight of companies who manage their employees' funds -- or perhaps it means the companies should have been forced to turn over those funds and their management to the government? People's private retirement funds must also be protected, but perhaps it's time to consider not having one's retirement invested in the casino known as the stock market??? Our government should have a solemn duty to guarantee that no one who grows old in this country has to worry about becoming destitute.
9. EVERYBODY NEEDS TO TAKE A DEEP BREATH, CALM DOWN, AND NOT LET FEAR RULE THE DAY. Turn off your TVs! We are NOT in the Second Great Depression. The sky is NOT falling, Chicken Little! Pundits and politicians have lied to us so FAST and FURIOUS it's hard not to be affected by all the fear mongering. Even I wrote to and repeated what I heard on the news last week, that the Dow had the biggest one day drop in its history. Well, that was true in terms of points, but its 7% drop came nowhere close to Black Monday in 1987 when the stock market in one day lost 23% of its value. In the '80s, 3,000 banks closed, but America didn't go out of business. These institutions have always had their ups and downs and eventually it works out. It has to, because the rich do not like their wealth being disrupted! They have a vested interest in calming things down and getting back into their Jacuzzis before they slip into their million thread-count sheets to drift off to a peaceful, Vodka tonic and Ambien-induced slumber.
As crazy as things are right now, tens of thousands of people got a car loan last week. Thousands went to the bank and got a mortgage to buy a home. Students just back to college found banks more than happy to put them into hock for the next 15 years with a student loan. I was even pre-approved for a US$5K personal loan. Yes, life has gone on with little-or-no-change (other than the whopping 6.1% umeployment rate, but that happened last month). Not a single person lost any of his/her monies in bank, or a treasury note, or in a CD. And, the perhaps the most amazing thing is that the American public FINALLY didn't buy the scare campaign. The citizens didn't blink, instead telling Congress to take that bailout and shove it. THAT was impressive. Why didn't the population succumb to the fright-filled warnings from their president and his cronies? Well, you can only say 'Saddam has the bomb' so many times before the people realize you're a lying sack of shit. After eight long years, the nation is worn out and simply can't take it any longer. The WORLD is fed up & I don't blame them.
10. THEY SHOULD HAVE CREATED A NATIONAL BANK, A "PEOPLE'S BANK." Since they're really itching to print up a trillion dollars, instead of giving it to a few rich people, why don't We give it to ourselves? Now that We own Freddie and Fannie, why not set up a People's bank? One that can provide low-interest loans for all sorts of people who want to own a home, start a small business, go to school, come up with the cure for cancer or create the next great invention. And, now that we own AIG - the country's largest insurance company - let's take the next step and PROVIDE HEALTH INSURANCE FOR EVERYONE. MEDICARE FOR ALL! It will SAVE us SO MUCH MONEY in the LONG RUN (not to mention bring peace of mind to all). And, America won't be 12th on the life expectancy list! We'll be able to have a longer lifespan, enjoying our government-protected pension and will live to see the day when the corporate criminals who caused this much misery are let out of prison so that We can help re-acclimate them to plain old ordinary, civilian life -- a life with ONE nice home and ONE gas-free car invented with help from the People's Bank.
P.S. Call your Senators NOW !!! ---> www.visi.com/juan/congress/
Since they voted against passing the extension of unemployment benefits and skipped out to "campaign" to us to be re-elected...call them and tell them you will vote for the other "guy" if they don't get their act together!
UPDATE:
The Bailout Is A Truly Evil Disaster And Enabler Pelosi Must Go
We are hearing more and more reports of how badly the ill-advised banker's bailout is being handled, multi-million dollar bonuses for Paulson's old cronies at Goldman Sachs, billions going to finance the takeover of rival banks, making the "too big to fail" even bigger, and the taxpayer getting an otherwise rotten deal for their investment. We even heard a Republic senator asking how fast they could blow the money.
NONE of this could have happened without the fawning complicity of Nancy Pelosi, who infamously said it was Bush's proposal, INSTEAD of coming forward with a robust alternative plan. Just like Bush, she believes she is immune, she believes she is unaccountable, and shame on us if we don't do everything we can to defeat her this Tuesday, and replace her with Cindy Sheehan.
Here is Cindy's last TV spot. Please make whatever donation you can to put this ad on the air in these critical final days.
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The one thing we know is that we must continue to speak out. We must continue to challenge. Surrendering is what our current so-called representatives in Congress are so prone to, NOT what we do. Ultimate victory is not only possible, it is assured if we work as hard as we can for real change, not just the rebranding of the same old boys'
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International Monetary Fund Managging Director Christine Lagarde (L) discusses key issues in the global economy with Stephen Sackur (R) of the BBC’s HARDtalk April 14, 2016 at George Washington University's Lisner Auditorium in Washington, DC. The IMF/World Bank Spring Meetings are in Washington this week. IMF Staff Photograph/Stephen Jaffe
International Monetary Fund Managging Director Christine Lagarde (L) discusses key issues in the global economy with Stephen Sackur (R) of the BBC’s HARDtalk April 14, 2016 at George Washington University's Lisner Auditorium in Washington, DC. The IMF/World Bank Spring Meetings are in Washington this week. IMF Staff Photograph/Stephen Jaffe
International Monetary Fund Managging Director Christine Lagarde (L) discusses key issues in the global economy with Stephen Sackur (R) of the BBC’s HARDtalk April 14, 2016 at George Washington University's Lisner Auditorium in Washington, DC. The IMF/World Bank Spring Meetings are in Washington this week. IMF Staff Photograph/Stephen Jaffe
David Petraeus, Chairman, KKR Global Institute
Tony Blair, Former Prime Minister, Great Britain and Northern Ireland
Michael Milken, Chairman, Milken Institute
International Monetary Fund Managging Director Christine Lagarde (L) discusses key issues in the global economy with Stephen Sackur (R) of the BBC’s HARDtalk April 14, 2016 at George Washington University's Lisner Auditorium in Washington, DC. The IMF/World Bank Spring Meetings are in Washington this week. IMF Staff Photograph/Stephen Jaffe
International Monetary Fund Managging Director Christine Lagarde (L) discusses key issues in the global economy with Stephen Sackur (R) of the BBC’s HARDtalk April 14, 2016 at George Washington University's Lisner Auditorium in Washington, DC. The IMF/World Bank Spring Meetings are in Washington this week. IMF Staff Photograph/Stephen Jaffe
International Monetary Fund Managging Director Christine Lagarde (L) discusses key issues in the global economy with Stephen Sackur (R) of the BBC’s HARDtalk April 14, 2016 at George Washington University's Lisner Auditorium in Washington, DC. The IMF/World Bank Spring Meetings are in Washington this week. IMF Staff Photograph/Stephen Jaffe