A crash course in changing the world.
ECONOMIC DOWN-TURN
THE RISE IN FOOD PRICES.
THE RECESSION WOULD SHRIVELED THE INCOME OF MILLIONS. IT WILL PUSH UP THE PRICES OF FOOD,PETROL,MEDICAL AID,SCHOOL FEES,RENT AND OTHER RELATED ESSENTIAL NEEDS AND WANTS.
BECAUSE OF THE SHIFT IN ECONOMY BY 2020, 'DOWNWARDS', MAJORITY OF PEOPLE WOULD DEMAND LOANS TO MAKE A LIVING. THE RESERVE BANK WOULD RAISE THE REPO RATE TO MEET THE HIGH…
ContinueAdded by Bongumusa on April 1, 2010 at 1:13am — 6 Comments
I think the biggest change in relation to how we see and treat money is its increased transferable-ness and accessability by younger people. With money coming into the hands of younger and younger people, our economy as a wh*** has become more vunerable because the younger spenders are those spenders that spend it on 'wants' - rather on 'needs'.
Increased mobile phone use is generally not for need. It seems nowadays it is…
ContinueAdded by Amber Sofia on April 1, 2010 at 1:08am — 4 Comments
ContinueThe term and meaning of a Resource-Based Economy was originated by Jacque Fresco. It is a system in which all goods and services are available without the use of money, credits, barter or any other system of debt or servitude. All resources become the common heritage…
Added by Nathaniel Fruchter on April 1, 2010 at 1:05am — 5 Comments
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SoftTribe cofounder and BSL Chairman Herman Chinery-Hesse is set to tackle the various barriers to trade and finance for…
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Added by Raymond M. Kristiansen on April 1, 2010 at 12:45am — 1 Comment
Listen to the right people - that's most essential. We can reasonably extend this principle to every task and every problem.
In fact, we have only three strategies available:
1. Act based on insight. Obviously, worst choice. Until you have very broad expirience in problem area, we should not trust our insights - unless you find some right people and they'll confirm that you are right.
2. Study all…
ContinueAdded by Matvey Ezhov on April 1, 2010 at 12:30am — 7 Comments
At first I was stumped; so I did what anyone called Amber Sofia would do.
I cheated.
Well... Kinda?
See, I have travelled a lot. I have used so many different currencies it's not funny. I have haggled with dirhams in Dubai, donated Australian dollars to charities, and bought bread with euros.
So I was running out of currencies to…
ContinueAdded by Amber Sofia on April 1, 2010 at 12:27am — 4 Comments
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