Skip Navigation

The Economic Crises, has it effected your plans?

Travel Forums General Talk The Economic Crises, has it effected your plans?

Page
  • 1
  • 2

Last Post

11. Posted by Daawgon (Travel Guru 1993 posts) 8y

It has not directly affected my travel plans, but it is a constant worry! I never was one who delayed anything over these "petty" annoyances - I believe that life is here to be lived, and since it's so short, we have to take advantage of the moment. I have the advantage of being retired in a W. country with few responsibilities, so why not travel. If the economy really becomes dire, I could always live off of nature (or what's left of it - blackberries and salmon). I also try to look on the bright side of a downturn - more empty seats on my plane! Actually, I'm naturally frugal - an example, I just got rid of my car and now use public transportation and car sharing. I make my own soups, wear my clothes until they're rags, live without cable TV, and rarely eat fast food or drink Starbucks.

12. Posted by loubylou (Travel Guru 664 posts) 8y

We were just discussing this with parents when we last spoke to them. We are lucky in that our savings in the UK are protected and the only thing that is really adversely affecting us is the exchange rates...they are seriously all over the place.

The effect this has on us is that we keep a really close watch on currencies and when the exchange rate is 'up' we go to the ATM and withdraw our money, it only makes a little bit of difference but every little helps.

Our families are of the view we are in the best place (ie outside of the UK!) to weather the storm...we don't have to pay bills, for fuel, pay taxes or pay the increasingly rising prices in UK supermarkets. Although prices are rising in Asia, it's not actually too bad for us. So, from a personal point of view, being away travelling, not looking for jobs or paying bills we are very fortunate.

What I cannot understand is how this situation has been allowed to come about. World economies are so interdependent, what happens in the US affects the whole world and this doesn't seem to have been mentioned in any of the news reports I have seen. As Sweptaway says, a lot of poorer countries peg their currency against the dollar and all of a sudden these people who don't have a great deal to begin with have seen their purchasing power decreased through no fault of their own!

All this muddle with the big US bailout is having a huge effect on the world economies the markets are up and down, banks are failing in a lot of countries and there doesn't seem to be any end in sight with the US Congress on their holidays! I just can't believe there aren't more safeguards in place (after learning the lessons of the Depression in the 20's and the huge recession of the 80's) to stop this sort of thing happening again! But I don't really understand economics too well, all I know about is exchange rates but it seems to go against all common sense thinking to me!

I think with the current situation we will see a lot less people travelling due to money worries.

13. Posted by Daawgon (Travel Guru 1993 posts) 8y

Quoting loubylou

I just can't believe there aren't more safeguards in place (after learning the lessons of the Depression in the 20's and the huge recession of the 80's) to stop this sort of thing happening again! But I don't really understand economics too well, all I know about is exchange rates but it seems to go against all common sense thinking to me!

You got it right, Loubylou. If you guys only knew some of my insane fellow Americans who do not vote, and just accept what these people in DC throw out to us all! It's all a crying shame. Major change is afoot, and maybe it's just about time too. Can you just imagine a new American government with John and Sarah heading up the world?????

14. Posted by GregW (Travel Guru 2635 posts) 8y

Quoting loubylou

I just can't believe there aren't more safeguards in place (after learning the lessons of the Depression in the 20's and the huge recession of the 80's) to stop this sort of thing happening again! But I don't really understand economics too well, all I know about is exchange rates but it seems to go against all common sense thinking to me!

The problem isn't regulation, the problem is human nature. Something goes wrong like this, governments pass regulations to prevent it from happening again, and we move on to some other way to push things too close to the edge. Humans have shown time and time again that they are willing to speculate that this time there really is a constant boom with no bust, when reality has shown that we always have good years and bad years. In some ways, that kind of blindness to the potential downfall has lead us to the amazing expansion that the human race has seen - allowing us to venture out and across the world. On the other hand, when things go bad, when crop loads are down or tulip stocks fall or people can't pay their mortgages, it can lead to some pretty brutal suffering.

That's life, though - nasty, brutish and short.

Greg

15. Posted by joffre (Respected Member 157 posts) 8y

I think most Australian's will be shielded from the crisis as a result of our positive balance of trade with China... and potentially, travel operators will be offering discounted rates as a result less people travelling, so there could be some nice bargains out there...

16. Posted by bex76 (Moderator 3719 posts) 8y

It hasn't affected my plans in that I still plan to do a big trip to South America in the next 2 years but with the cost of living rising, it might take me longer to save, or I might not be able to save as much as I would have done previously. If I lose my job as a result of this 'recession' then obviously this could change, but for now things look ok on that front. I would always rather make cuts in other areas of my life rather then travel / holidays, and as Daawgon also mentioned, I live pretty frugally anyway so it's not that hard for me to save.

17. Posted by Swept Away (Travel Guru 1113 posts) 8y

Quoting Daawgon

Quoting loubylou

I just can't believe there aren't more safeguards in place (after learning the lessons of the Depression in the 20's and the huge recession of the 80's) to stop this sort of thing happening again! But I don't really understand economics too well, all I know about is exchange rates but it seems to go against all common sense thinking to me!

You got it right, Loubylou. If you guys only knew some of my insane fellow Americans who do not vote, and just accept what these people in DC throw out to us all! It's all a crying shame. Major change is afoot, and maybe it's just about time too. Can you just imagine a new American government with John and Sarah heading up the world?????

If these insane people will vote they will vote for "John and Sarah" (sounds very cute). I was very angry at the train station in Hat Yai, thinking that the machine ate my money. I went to the banks and question what happened. I was very angry, but the language barrier protected them from my nuclear bitchcraft and IGNORANCE... I hated Thailand for days... I really hated Thailand. I just got from Malaysia and I was fine.

My money vanish into thin air... Our economy has been doing great. Suddenly, I am poor again. I am ballistic! THEY SHOULD HAVE TAUGHT US ECONOMICS when we were in KINDERGARTEN... who needs nursery rhymes or algebra. What really sucks is that I have no idea how the world of stocks and financial empires work, but they can really breed suicide bombers.

I just hope this means that the US Visa will be on sale. Fewer Americans will fly, the airline industry will fuck up and ticket prices will drop... hotel rooms empty... then my currency shrinks, so I'm still stuck in Asia.

18. Posted by tway (Travel Guru 7273 posts) 8y

The big boys and girls who play with the money have nothing to lose. You think any of the powers that be will lose a house/boat/cabin/car/gardener/etc. etc. in the midst of an economic crisis? I doubt it. And when you have nothing to lose you can get pretty reckless. Especially with other people's money.

Anyway... this is a bit long, but it's from Michaael Moore's Sicko. It's part of an interview with Tony Benn, a long-time member of Britain's Labour Party. And a very wise man indeed:

TB: I think democracy is the most revolutionary thing in the world. Far more revolutionary than socialist idea, or anybody else's ideas. Because if you have the power, you use it to meet the needs of your community. And this idea of choice which capital talks about: "you've got to have a choice!", choice depends on the freedom to choose. If you're shackled with debt, you don't have a freedom to chose.

Moore: It seems it benefits the system if the average person is shackled with debt.

TB: People in debt become hopeless, and hopeless people don't vote. They always say everyone should vote, but I think if the poor in Britain or in the United States voted for people who represented their interests, it would be a real democratic revolution. So they don't want it to happen. So keeping people hopeless and pessimistics .... see, I think there are two ways in wich people are controlled. First of all frighten people and secondly demoralize them. An educated, healthy and confident nation is harder to govern. And I think there's an element in the thinking of some people: "We don't want people to be educated, healthy and confident because they would get out of control". The top 1% of the world population own 80% of the world's wealth. It's incredible that people put up with it, but they're poor, they're demoralized, they're firghtened. And therefore, they think perhaps the safest thing to do is take orders and hope for the best.

[ Edit: Edited on Oct 2, 2008, at 6:09 AM by tway ]

19. Posted by Swept Away (Travel Guru 1113 posts) 8y

Quoting tway

The big boys and girls who play with the money have nothing to lose. You think any of the powers that be will lose a house/boat/cabin/car/gardener/etc. etc. in the midst of an economic crisis? I doubt it. And when you have nothing to lose you can get pretty reckless. Especially with other people's money.
.

But during the Asean currency crisis Thai managers became blue collar workers overnight. There were executives who jumped from buildings... The poor won't loose a house or a boat, because they don't have one. I just find it very irritating when I hear the news and they talk about the stagnant economy of Japan and now the crisis of wall street.

Whats the point of opening up Myanmar to this kind of world order? And Tibet wants to be a separate country. So they can join the list of liberal Democracies that export reproductive organs to Japan?

20. Posted by TLWH (Travel Guru 516 posts) 8y

I am getting mails from people who think this is the best time to chuck in a job they don't like, rather than get Axed. Head off and travel for a year and leave the dust to settle. Not a bad idea if you can afford it.

Page
  • 1
  • 2