The Economy

The buzzword on everyone's lips; Recession. Closely followed by the hastily whispered and bleeped out 'Depression'. Funny, in Zimbabwe they're thinking of printing the zillion dollar note...which really makes you think how big it will be, how small the numbers, or whether they'll just have rows of the zero's. 10000000000000000000000000000000000000000000000000000000000000000000

And I'm probably a few zero's short.

In America we have the trillion dollar bailout. Again, another heap of zeros of dollars pumped into a stuttering economy. Europe was the first to hit the recession, all countries using the 'euro' officially hitting mid-last year. Don't quote me on any of this, I'm just summarising what little of the news I've picked up regarding this topic.

Even China is struggling a little. Nothing about Russia, but hey, who cares about them anyways?

Funny to think, that the -cause- of this catastrophe in the world was, oh so surprisingly, the American Stock Market. You'd think people would have learnt from the -last- time the sodding thing crashed. 1929 anyone? Don't look at me like that. It -actually- crashed in june 1929, but it wasn't until februrary 1930 that the Great Depression was actually officially decried or something.

What's even more funny? Obama introduced his bailout -after- Australia's was implemented by Kevin Rudd, about ...ah.... novemberish? Last year. Around $1000 was given to the qualifying peoples, that was the average. -And- we were instructed to spend it frivolously. And what do you know? It worked! So there is a second one happening in the next few weeks, of around $900 given out this time. Plus school funding, and other such long term beneficiary projects. Now, keep in mind the time frame.

USA - stock market crash, minor recession of unemployment - Euro using countries in recession - Australia has the first stimulus package - USA in official recession - Trillion dollar bailout starting to be argued about in their governmental seats - Australia gets the second bailout tossed about and argued and minor recession is admitted.

Now lets see this again, -before- Australia went into recession, there was a bailout.

USA is already IN recession, heading towards depression, and they are STILL arguing about a bailout. Which is loans given to people with low interest repayment. As far as I know, Australians don't have to pay back the 'loan', just spend it on our economy. Hmm.

And said 'loan' in Australia came BEFORE the recession hit us. Somehow that doesn't put alot of faith in Obama's kneejerk, belated reaction to the impending economical collapse. I get the idea that I think it'll be much the same as in the 1930's of the Depression. Too little, too late. Or too much too late?

Either way, Australia has the 'box seat' in the impending problem, the country that will be the best off as this impending storm breaks open and the threatening Depression becomes a reality. Fingers crossed, eh?