{"id":2442,"date":"2009-02-18T13:45:03","date_gmt":"2009-02-18T09:45:03","guid":{"rendered":"http:\/\/geoeconomics.ge\/en\/?p=2442"},"modified":"2013-03-18T13:49:22","modified_gmt":"2013-03-18T09:49:22","slug":"public-default","status":"publish","type":"post","link":"http:\/\/geoeconomics.ge\/en\/?p=2442","title":{"rendered":"Public default"},"content":{"rendered":"

Emzar Jgerenaia<\/strong><\/p>\n

\u201cExperience and history teaches us \u2013 nations and governments learn nothing from history!\u201d
\n George Wilhelm Friedrich Hegel <\/p>\n

It is hard to watch an upcoming raging wave of ten meters high; how tsunami is reaching and you are sitting in a small boat. Alternatively, you are running away like the hero of Georgian tale Tsikara and giants are chasing you, you want to take out of your pocket the magic comb and threw it away, but you don\u2019t have it. Alternatively, like Natsarkekia (Georgian tale), you want to stick an awl into the shoulders of the giant but an awl is blunt. You want to shout \u2013 \u201cwolf is coming\u201d, but like Kajana you don\u2019t\u2019 have a voice.
\n It is strange why I remembered Tsikara during this raging crisis or where does the bull come in? It doesn\u2019t bring you a happiness! Take as an example Merrill Lynch! You might remember how its bull was boasting and now it is jobless! Who cares for the bull of bankrupted company? You see, the bull died in the year of a bull. This is dangerous superstition! The story of a mouse accused in the crisis was more humane (2008 was the year of Mouse). They just arrested him. However, they haven\u2019t condemned him yet. They couldn\u2019t determine the motive of accusation as the defendant mouse wasn\u2019t caught in the act of starting the crisis. Whose fault is this crisis? Why did they catch the mouse and what is the fate of the bull? Where has the \u201cInvisible hand\u201d, magician of the economy, stolen away? Why should state pay for the bonuses eaten by the top managers? \u2013 There are many questions like these ones. However, the most interesting question is what economic rules is using world today and where does the bull come in this bear trend?
\n Recently, at the award of small and average businessmen held by Chamber of Commerce annually, one celebrated businessman Mr. Jumber Khatiashvili expressed his opinion toward the crisis: some years will pass and world overcomes the crisis. Some new economical theories will be established and some people will be awarded Nobel prizes for that. We will learn lesson from this situation, but certainly, there will be other worse crisis that will be caused by other reason and different system. This is a curious situation. There is a saying that they won\u2019t lock the barn door till after the horse is stolen. However, the horse is already stolen, but the barn door is not locked yet.
\n Moreover, last year we thought that everything bad already happened and the crisis was in its peak. Because of this we put everybody in jail, including the hero of the last year \u2013 mouse. However, it appeared that all was done in vain. The raging wave of crisis is reaching and this year will be most disastrous. What was called recession last year, now has become mature, strong and turned into crisis. If in next year, the crisis becomes stronger and turns into giant have a mercy upon us Lord. One might ask Tsagareli what animal is ruling the next year. How are the planets and Br—a disposed toward us? Moreover, can we take operation on stomach without necessity, as there will be shortage in food? Economic forecasts have lost the sense and maybe it\u2019s better to listen to astrological prognosis. Maybe Tsagaerli will be able to solve the matter of economy\u2019s fate, as the economic institutions keep the mum.
\n However, economic experts are \u201cso scarce\u201d nowadays that I won\u2019t be surprised if one day we hear that economic expert Mikhail Tsagareli will speak about economic intentions of the planets and the state of demand-supply rule. Why not! He knows more about Bull and Mouse. Nobody is aware what kind of economy are we living in, so maybe planets are aware of these issues more. Maybe they know how to stop raging crisis, fill the sieve with water and return the debts by talking or in which constellation should we be now? I think it\u2019s a good idea \u2013 astrologer and economic expert together – Mikhail Tsagareli. Does it matter will it be Tsagareli or Magareishvili? The value is one \u2013 nobody listens to them!
\n Meanwhile crisis is raging and coming. Mouse is in jail, bull is howling. We are not releasing this crisis and we are doing the right thing. Let it be in Wall Street! We will trust Tsagareli and if we do not be able to justify Hegel\u2019s ideas, we will learn the lesson. The public default is taking a start now, as people won\u2019t be able to pay the debts anymore. Maybe we should ask Tsagareli, when it would be better to pay the overdue debts and go on default. <\/p>\n","protected":false},"excerpt":{"rendered":"

Emzar Jgerenaia \u201cExperience and history teaches us \u2013 nations and governments learn nothing from history!\u201d George Wilhelm Friedrich Hegel<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[35],"tags":[],"yoast_head":"\nPublic default - Geoeconomics<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"http:\/\/geoeconomics.ge\/en\/?p=2442\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:title\" content=\"Public default - Geoeconomics\" \/>\n<meta name=\"twitter:description\" content=\"Emzar Jgerenaia \u201cExperience and history teaches us \u2013 nations and governments learn nothing from history!\u201d George Wilhelm Friedrich Hegel\" \/>\n<meta name=\"twitter:label1\" content=\"Est. reading time\">\n\t<meta name=\"twitter:data1\" content=\"3 minutes\">\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebSite\",\"@id\":\"http:\/\/geoeconomics.ge\/en\/#website\",\"url\":\"http:\/\/geoeconomics.ge\/en\/\",\"name\":\"Geoeconomics\",\"description\":\"\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":\"http:\/\/geoeconomics.ge\/en\/?s={search_term_string}\",\"query-input\":\"required name=search_term_string\"}],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"http:\/\/geoeconomics.ge\/en\/?p=2442#webpage\",\"url\":\"http:\/\/geoeconomics.ge\/en\/?p=2442\",\"name\":\"Public default - Geoeconomics\",\"isPartOf\":{\"@id\":\"http:\/\/geoeconomics.ge\/en\/#website\"},\"datePublished\":\"2009-02-18T09:45:03+00:00\",\"dateModified\":\"2013-03-18T09:49:22+00:00\",\"author\":{\"@id\":\"http:\/\/geoeconomics.ge\/en\/#\/schema\/person\/c8498c0ae03a66c87b59761fbd19b04c\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"http:\/\/geoeconomics.ge\/en\/?p=2442\"]}]},{\"@type\":\"Person\",\"@id\":\"http:\/\/geoeconomics.ge\/en\/#\/schema\/person\/c8498c0ae03a66c87b59761fbd19b04c\",\"name\":\"Admin\",\"image\":{\"@type\":\"ImageObject\",\"@id\":\"http:\/\/geoeconomics.ge\/en\/#personlogo\",\"inLanguage\":\"en-US\",\"url\":\"http:\/\/2.gravatar.com\/avatar\/bf2d8703d729f003d8905b57fcab5078?s=96&d=mm&r=g\",\"caption\":\"Admin\"}}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","_links":{"self":[{"href":"http:\/\/geoeconomics.ge\/en\/index.php?rest_route=\/wp\/v2\/posts\/2442"}],"collection":[{"href":"http:\/\/geoeconomics.ge\/en\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/geoeconomics.ge\/en\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"http:\/\/geoeconomics.ge\/en\/index.php?rest_route=\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"http:\/\/geoeconomics.ge\/en\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=2442"}],"version-history":[{"count":1,"href":"http:\/\/geoeconomics.ge\/en\/index.php?rest_route=\/wp\/v2\/posts\/2442\/revisions"}],"predecessor-version":[{"id":2443,"href":"http:\/\/geoeconomics.ge\/en\/index.php?rest_route=\/wp\/v2\/posts\/2442\/revisions\/2443"}],"wp:attachment":[{"href":"http:\/\/geoeconomics.ge\/en\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=2442"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/geoeconomics.ge\/en\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=2442"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/geoeconomics.ge\/en\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=2442"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}