Comments on: 45 Percent of Global Wealth Destroyed in Last 18 Months http://onemansblog.com/2009/03/13/45-percent-of-global-wealth-destroyed-in-last-18-months/ Specialization is for Insects. Tue, 14 Feb 2012 05:44:21 +0000 hourly 1 http://wordpress.org/?v=3.3.1 By: John P. http://onemansblog.com/2009/03/13/45-percent-of-global-wealth-destroyed-in-last-18-months/comment-page-1/#comment-46796 John P. Wed, 18 Mar 2009 02:44:23 +0000 http://onemansblog.com/?p=5284#comment-46796 Jackie, In this case I think the guy was just putting a quantitative value on the real dollars that have been "lost" in this recession/depression, but I completely agree with you. Wealth is certainly about a lot more than money. Frankly, we all need the things you mention... a nice place to live, clean air to breath, etc. And let's not forget the most important thing of all... love! John Jackie,

In this case I think the guy was just putting a quantitative value on the real dollars that have been “lost” in this recession/depression, but I completely agree with you.

Wealth is certainly about a lot more than money. Frankly, we all need the things you mention… a nice place to live, clean air to breath, etc. And let’s not forget the most important thing of all… love!

John

]]> By: LV Lizard http://onemansblog.com/2009/03/13/45-percent-of-global-wealth-destroyed-in-last-18-months/comment-page-1/#comment-46790 LV Lizard Tue, 17 Mar 2009 18:14:37 +0000 http://onemansblog.com/?p=5284#comment-46790 Tell me about it, the worldwide economic downturn has simply decimated my business (exotic cars) Tell me about it, the worldwide economic downturn has simply decimated my business (exotic cars)

]]> By: jackie sheeler http://onemansblog.com/2009/03/13/45-percent-of-global-wealth-destroyed-in-last-18-months/comment-page-1/#comment-46780 jackie sheeler Tue, 17 Mar 2009 09:30:11 +0000 http://onemansblog.com/?p=5284#comment-46780 i can't agree with the perspective that defines wealth only in dollars. yes, our economy is crashing and burning, and it's happened pretty quickly. but in terms of the destruction of our wealth, well, that's been going on for years (and wall street had a lot to do with making it happen) -- the loss of rainforests, thousands of species gone extinct, climate havoc, melting polar caps, a poisoned food system, less and less clean water available for more and more people... the list goes on, and i think that's the true definition of wealth. a safe planet to live upon, safe food to eat, harmony with other species, clean water, clean air... let's not fall into the trap of defining our world through the lens of money alone, because it's that kind of thinking that got us to this point. i can’t agree with the perspective that defines wealth only in dollars. yes, our economy is crashing and burning, and it’s happened pretty quickly. but in terms of the destruction of our wealth, well, that’s been going on for years (and wall street had a lot to do with making it happen) — the loss of rainforests, thousands of species gone extinct, climate havoc, melting polar caps, a poisoned food system, less and less clean water available for more and more people… the list goes on, and i think that’s the true definition of wealth. a safe planet to live upon, safe food to eat, harmony with other species, clean water, clean air… let’s not fall into the trap of defining our world through the lens of money alone, because it’s that kind of thinking that got us to this point.

]]> By: Kai Lo http://onemansblog.com/2009/03/13/45-percent-of-global-wealth-destroyed-in-last-18-months/comment-page-1/#comment-46772 Kai Lo Tue, 17 Mar 2009 04:56:50 +0000 http://onemansblog.com/?p=5284#comment-46772 My dad is seeing a drop in 401k everytime he sees the report. He wants to take all the money out as soon as possible. He is not retiring for another 10 years or so. Is this a good choice? My dad is seeing a drop in 401k everytime he sees the report. He wants to take all the money out as soon as possible. He is not retiring for another 10 years or so. Is this a good choice?

]]> By: Goran Giertz http://onemansblog.com/2009/03/13/45-percent-of-global-wealth-destroyed-in-last-18-months/comment-page-1/#comment-46753 Goran Giertz Mon, 16 Mar 2009 10:34:37 +0000 http://onemansblog.com/?p=5284#comment-46753 That is quite a scary statistic. I read an article this morning that said the UK has lost something like 17% of their wealth. Paper based assets are not the ones to be holding right now! That is quite a scary statistic. I read an article this morning that said the UK has lost something like 17% of their wealth. Paper based assets are not the ones to be holding right now!

]]> By: Mattb4rd http://onemansblog.com/2009/03/13/45-percent-of-global-wealth-destroyed-in-last-18-months/comment-page-1/#comment-46738 Mattb4rd Sun, 15 Mar 2009 13:47:33 +0000 http://onemansblog.com/?p=5284#comment-46738 Great point, John. In an age when all we're exposed to in the print and news media is government solutions, I found refreshing your suggestion that ingenuity, not government intervention, is the answer to our economic woes. I also agree about the 401K thing, although some aren't as large as others, a 30-40% drop in the balance affects us all with scalar equality. Best regards, Matt Great point, John. In an age when all we’re exposed to in the print and news media is government solutions, I found refreshing your suggestion that ingenuity, not government intervention, is the answer to our economic woes.

I also agree about the 401K thing, although some aren’t as large as others, a 30-40% drop in the balance affects us all with scalar equality.

Best regards,

Matt

]]> By: fas http://onemansblog.com/2009/03/13/45-percent-of-global-wealth-destroyed-in-last-18-months/comment-page-1/#comment-46719 fas Fri, 13 Mar 2009 20:10:51 +0000 http://onemansblog.com/?p=5284#comment-46719 We need to thank Bush for destroying the wealth by initiating war with under developed countries. We need to thank Bush for destroying the wealth by initiating war with under developed countries.

]]> By: Abhijeet http://onemansblog.com/2009/03/13/45-percent-of-global-wealth-destroyed-in-last-18-months/comment-page-1/#comment-46710 Abhijeet Fri, 13 Mar 2009 13:37:02 +0000 http://onemansblog.com/?p=5284#comment-46710 I think there is no point in pointing fingers at financial insitutions itself anymore. Govertments need to be smarted in their policies and learn from the mistakes, and change the things so we can look forward for brigher world economy. I think there is no point in pointing fingers at financial insitutions itself anymore. Govertments need to be smarted in their policies and learn from the mistakes, and change the things so we can look forward for brigher world economy.

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