Davos Annual Meeting 2009 - Update 2009: The New Economic Er

http://www.weforum.org 28.01.2009
Update 2009: The New Economic Era

In the opinion of many pundits, the global economic collapse that began in 2008 rivals the Great Depression of the 1930s.

In partnership with Time Magazine, members of the World Economic Forum's Global Agenda Councils and Time magazine's Board of Economists examine the new fundamentals of the global economy that will emerge in 2009.

Justin Yifu Lin, Senior Vice-President and Chief Economist, World Bank, Washington DC
Trevor Manuel, Minister of Finance of South Africa
Stephen S. Roach, Chairman, Asia, Morgan Stanley, Hong Kong SAR
Ferit F. Sahenk, Chairman, Dogus Group, Turkey; Young Global Leader
Heizo Takenaka, Director, Global Security Research Institute, Keio University, Japan; Member of the Foundation Board of the World Economic Forum; Co-Chair, Global Agenda Council on the Future of Japan

Moderated by
Michael J. Elliott, Editor, Time International, Time Magazine, USA

Category:

News & Politics

Tags:

• World
• Economic
• Forum
• Annual
• Meeting
• 2009
• WEF
• Davos
• davos09
• Switzerland
• Justin
• Yifu
• Lin
• Trevor
• Manuel
• Stephen
• Roach
• Ferit

[garyowen4ever]

i never doubted it for a second having worked for the firm.

[believeyouwould]

The wealth class as you refer to it, are the owners of YouTube. If ever there was a medium to facilitate surveillance of so-called commentary and the thoughts of the masses, YouTube is it. Every word you write and post to this Orwellian apparatus is viewed upon by elites who ultimately monitor thoughts and prevailing sentiment of the proverbial herd. It would be preposterous to think that YouTube would censor their very ownership class elites.

[brushes9]

..yes, we are walking, pie-hole predators, so, what solutions do you suggest?

[onegoalinc]

The root cause of the problem has to be addressed, otherwise the same problem will appear over and over again. Simple.

We need to understand who we really are first.

If we don;t do that, how can we suggest solutions? The self isn't there, does not understand itself fully, so to suggest solutions...financial, economic, government etc. is not going to hekp. We have done that for a long time. Are we still waiting for deeper crisis to address this?

[garyowen4ever]

do not criticise wealth class economics on this site, you will be censored, this site is the WORST CENSORING EVER TO GAIN ACCESS TO YOUTUBE, youtube should consider closing them down.

[polygamous1]

so the "bankers have "offered" financial help to Russia n itwas really good to see Mr Putin to tell them what they should do with their money in a polite way do they really think Mr Putin is that stubid he does Not even want to trade in US$ why should he paper money printed by a PRIVATE BANK WITHOUT RESERVES for their benefit they control most of the world's economy BUT Russia does NOT need them or their worthless money n has enough natural resourses not to need to sell ot die

[gck82s]

100% SPOT ON ,THE BANKS HAVE NO REGULATION FSA IN THE UK AND SEC IN THE US LET ALL BANKS PENSIONS FUNDS HEDGE FUNDS DEAL DERIVATIVES (OTC) OVER THE COUNTER WITH NO REGS THESE CONTRACTS HAVE COURSED THE HOLE MESS AND AS THE

MARKETS GET WORSE IT WILL ACTIVATE CLAUSES HID IN THE CONTRACTS that WILL COLLAPSE THE HOLE SYSTEM THE DEBT IS UNQUANTIFIABLE THE BANKS CAN NOT ANSWER THE QUESTION HOW MUCH DO YOU OWE AS THE POSITIONS ARE GETTING WORSE ALL THE TIME UNTIL IT ALL COLLAPSES