Can Liquidity Save the World?

FOR IMMEDIATE RELEASE
(Free-Press-Release.com) November 24, 2010 -- In a recent post on his blog www.oscarspleasure.com, original thinker Oscar Foulkes takes a look at the way that governments and their central banks have tried to solve the economy's credit crunch problems by making yet more cheap credit available.

Austerity budgets, he says, are an inevitable consequence of their additional debt load, which could lead to gruelling times for citizens, who themselves will need to limit their spending.

One way for people to live with this is to take home-cooked pulse-based soup to work with them. This liquid component to their diets will certainly save money, at the same time as being beneficial for both the environment and personal health. The additional of monetary liquidity has less certain positive outcomes.

As an aside, he suggests that the US government's $600 billion QE2 programme could provide the entire planet's population with a vegetarian soup lunch for 150 days.

More information can be found online at http://www.oscarspleasure.com

austerity     austerity budget     credit crunch     qe2     vegan     vegetarian