'Expect Suicides' With Recession Still Around

Thank you for the post on this Samir.

here in Japan, we have the world's highest level of suicide. Last year, over 35,000 and the figure continues to increase yearly.

although, not all of the suicides are connected to the current financial crisis. Even many very young people take their lives.

Group suicide is becoming very common with people meeting over the internet and then staying at a hotel, or camping somewhere and killing themselves with a charcoal burner. More dangerous development is the use of highly poisonous  gas mixed from household chemicals but this also kills the people who find the body.

This is so terrible Samirj, to take one´s lives due to economic pressure.

Apart from the many suicides there are even more disillusioned, because the whole world economy has become an illusion. The world economy is underwater and the same economists who failed the critical test to warn consumers in advance about what was going to happen, now are priming the money pumps with their bailouts and stimulus packages. What makes anyone think they know what they are doing? On the surface of it their plan is absurd. Commerce, industry and households drown in a sea of debt; these same economist throw them a bucket of water. "If we give Wall Street a lot of taxpayer money they will feel more like lending to households. That will bring a recovery," these same economist say. "And oh yes, we'll give money to automakers who couldn't make it on their own, too."

The feds are spending trillions - buying up trillions worth of Wall Street's mistakes...bailing out failed banks, insurance firms and even automobile companies...subsidizing borrowers...in realizing their own boondoggle projects.

My discussion with these same economist went as follow:

Question: "Where does all the money come from?"
Answer: "Oh...it comes from lenders, and if we don't get enough from lenders, we will print up the rest. The important thing is that business has enough money to keep doing what it is doing."
Q: "Isn't business losing money?"
A: "Well...yes...but only because people aren't buying enough."
Q: "Aren't consumers saving rather than buying because they saw what happened the last time you told them they didn't need to save? "
A: "Well...maybe...but now they are gumming up the economy by sitting on idle capital. We need to put it to use."
Q: "Is that what you call paying bankers' bonuses?"
A: "Look, if we don't support the banks, they will collapse...and then the whole financial system will come down on our heads."
Q: "But aren't mismanaged banks supposed to collapse?"
A: How can you put forward this silly question!

Conclusion: As can be seen, this conversation is a waste of time. The cornerstone illusion is never even addressed. And no people do ever question this boondoggle process.

The meddlers claim that their central planning will do a better job of directing the economy than independent people will do on their own. Instead of letting honest lenders and borrowers set interest rates. The central banks set them at a much lower rate than they would otherwise probably have been as Mr. Market would have intervened.  Rather than letting companies fail in the open market, the feds prop them up. "They're too big to fail," they say. And rather than let people spend their own money according to their own preferences, the feds borrow trillions of it - on the pretext that only Treasury bonds are safe - while simultaneously undermining the value of the dollar through excess debt and excess currency creation.

The illusion is so big it cannot be noticed anymore - that a global economy with billion of participants, speaking hundreds of different languages in more than a hundred different countries and 24 different time zones...can be successfully 'managed' by a group of central banks that didn't foresee the biggest financial event in history, caused by their own manipulations. After having read this: Don't wonder anymore why there are so many suicides these days.:)

With out the latest suicide figures how can we really make a correct analysis? I have not seen hordes of men in suites jump out of windows so the figures of suicides can not be overwhelmingly high due to the present recession?  290 extra suicides hmmm very sad but not showing a real big rise in suicides I gather they have looked at the statistic's over the past 6 months and then times them by 4. Heart attacks are the more alarming problem and of course stress is the biggest killer when people worry about money and where its going to come from. The melt down was hyped so much if the problem was as bad as the media where saying I would of expected about 1500 more suicides however we are nearer to reality I expect we can half the figures supplied by the assumptions of the so called experts to get a more factual figures.

However I ask how much were these guys paid for their analysis? We of course won't ever know that but that's what these guys are all about making money. lol    

This is terrible that people are driven to this kind of desperation.

Capitalism as it stands today is going down if not today, another day; where you have to buy to keep the economy going. We should be encouraging people to use less, not buy more.

Sad about the suicide rate, people feeling helpless and trapped.

This is sad but hard times do drive some to suicide.

Babel Fish: You make a tragic mistake mixng together a person's financial wealth and education with their human worth. Anjool participated in a rancid business that has bankrupted the country and ripped off millions. So what if he went to a posh university and earned bundles of cash: it is the consequences of your actions that matter. Both he and us would be better off if he had applied his talents to something more useful.