I was just wondering what kind of condition jamaica (more so treasure beach) is in after the drop in Americas econimic conditions.
What condition is the world in? never mind Treasure Beach who does not trade on the Stock Market
Thats a great reply Frenchman Girl ! And I'm happy it's that way too !
We don't need the stock market to feel the effect of the credit crunch.... we are feeling it..... food is more expensive..It's affecting tourism. Frenchman Girl why do you think it only affect the stock market it affects banks who rise interest rate which affects the customers , who have families in T/Beach so I think western union is not seeing alot of customers now...It's the dominoe effect...cost of living is going up. Treasure Beach is feeling it, am feeling it. I have family there who are feeling it because am feeling it. Am not taking a penny for granted anymore every pence helps.
Frenchman girl, the reason why I ask not about the rest of the world, is because I am already aware of there statis when it comes to their condition. On the other hand I kno things are expensive in Jamaica, and alot of the stuff there is imported and I therefore have to worry about the well being of my family and friends within the community.
With todays plunge -we will be all very effected from the Us economy.Remember,that a lot of Us citizens invest in the stock-market-big and small.They buy shares from the bank-and a lot of people living on it.Now Treasurebeach is a wonderful community with a very good vibe and unbelievable friendly people.This will be remembered by all the old customers we have had.We will see a lot of support-we have to do specials-an extra free bottle of wine,a free dinner and much much more!!!.Let,s hope that will work-to keep our beloved community and our hardworking staff at work
I agree with you M1p, the globe is affected by this crunch. Lissen up TB, those of us who live abroad are now counting our pennies. I can hardly buy the bare necessities of life, much more a decent meal on the table. Hold tight because I dont think there will be a christmas for us in NY as well as TB.
Fewer tourists .. higher prices .. this is a worldwide crisis, not only in America. The effects will be felt in any place that depends upon income from tourism.
Please remember if America sneeze the whole world catch flu.
Hi Frenchmangirl you are so right.
Its funny that so many other countries are feeling it, but I'm currently in Canada and we remain unaffect?
I wonder why Coppa ...sorry but I don't believe you..you are saying Canada don't have bad debts Credits cards, Bad loans etc..etc (Nuetral in everything)food prices haven't gone up? How about unemployment and does Canada import at all ? How about petrol still the same as last year (oh come on )? There's a difference in the economy regardless of how small.
Someone living in Canada please second Coppa because am having a hard time believing....or am on my way there lock stocks and smoking barrels.
I am in Canada and was tremendously affected Coppa... my daughter's RESP (Educations Savings Plan)lost almost $900.00 overnight on Monday. That affects me greatly as it represents most of a year's contributions to that account which is ultimately so I can pay for her future university or college costs.
The only reprieve we were given in Canada was the gas prices going down slightly... what about the cost of bread, milk, eggs and cheese - the staples... do you do the shopping for your household? Have you seen how much a litre of milk has gone up in the past 6 months Coppa??
For those of us fighting to stay in the "middle class" in Canada, Monday's close in the markets (and the lengthy crummy market crisis of our neighbours to the south) has affected me greatly here in Canada!
I also feel that the market and financial crisis in the States has the trickle down effect the world throughout.
Thank you In Canada Also, I was just about to rip up the kitchen sink to move to Canada you save mi di trip . I know it was too good to be true.
Canada is affected just like everyone else. For those of us fortunate enough to have investments, we have taken a severe beating due to the greed of the politicans and Wall St in the US.
This has hurt the entire world. Coppa you must have alot of money to say it has not affected you here. If you drive, you are affected. If you eat, you are affected. Businesses are affected. Open your eyes.
Canada will be affected at some point- I think you can rip up your kitchen sink and move to Canada...many Canadians are coming back. Eggs are $1.97 per dozen, milk is $3.97 for 4 litres. People stop the exaggeration. Everything will trickle down, but for now things are still good. We invest in the world market what do we expect.
Feeling it all the way in Australia. We have been saved by our government having lending restrictions and laws placed on banks and financial institutions, however our governement still has alot invested in Wall st and is paying up. Gas is up, jobs are being cut, no one can sell there house the real estate market is desperate.
Speaking of this, I truly hope that we see a drop in the price of housing and land and people growing there own food, seeking alternative means.
But most of all I am seeing that people are depressed! I can feel a real low in the moral of people at the moment, which is understandable but not helping the situation.
So lets all try and take a deep breath and give thanks for what we have. Lets hope that now things will have to change. Lets try and build a better world and not let these 'systems' wholly run our lives in the future!
"It is impossible for capitalism to survive, primarily because the system of capitalism needs some blood to suck. Capitalism used to be like an eagle, but now it's more like a vulture. It used to be strong enough to go and suck anybody's blood whether they were strong or not. But now it has become more cowardly, like the vulture, and it can only suck the blood of the helpless. As the nations of the world free themselves, the capitalism has less victims, less to suck, and it becomes weaker and weaker. It's only a matter of time in my opinion before it will collapse completely." Malcom X
Capital is our collective, blood, sweat and tears made bankable and easily moveable.
Those close to its production have lost control of and intimacy with their treasure.
Originally it was a cow for so many chickens or a house to be built for so much gold or equal work etc.
The mechanism of safeguarding and making this capital available to all who could participate has become a complex game played with increasingly complex and obscure rules.
Capitalism is not the vampire, individuals and groups have taken advantage of this complex game and stored up large quantities of mostly e-money (computer cash) may be. Some have loaned out their capital on risky terms ie: the mortagage failures in the USA. This has precipitated an instability and caused loss of confidence in the current rules and means of cash flow globally.
The creators of capital still plow land, make stuff and heal the sick. The evolved dependancy on the banking system and government regulatory mechanisms may inhibit loans where needed, as the current system either evolves or crashes. I hope there are no rushes to take $ out of the banks. The increase in insuranced deposits of the current US plan should help.
Confidence in ourselves, the managers of capital and our chosen governments is a key. No confidence, lousy perfomance.
Individuals choose to become vampires not systems.
The Muses are new at this economics thing and invite guidance from the experts.
Big up good hearted Bro Malcolm.
I'm sure all the hard working capitalists of TB will take great sustenance in the knowledge that all their sweat and tears are for naught.
If savings are in banks that fail, yes all gone Ty, minus any amounts insured. I hope it does not come to that.
The work of planting and fishing are independent of the bank, unless money that was in the bank is needed to buy supplies.
A worker increases his capital by sweat and expertise.
The game of capitalism allows capital to increase without touching the earth or breaking sweat, usually honestly and within rules. It seems that honesty and rules have been stretched to cause a global financial dilema.
I guess those of us with savings gathering interest are by definition capitalists. How about 'sweaty capitalists'?
we're I'm living the food prices remain the same. And gas prices went down afterwards from 1.34 to 1.19 per litre.