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View Full Version : NEWS, Japan Disaster, Most exspensive ever.



Phish
Mar 11th 2011, 09:21 PM
Article on MSN home page touting the Japan Disaster as the most exspensive ever.

Its amazing to me how much everything is dollars and cents. what about the Indonesia disaster where over 200,000 people lost their live. How exspensive is that?

Here is the link to the video

http://money.msn.com/how-to-invest/video.aspx?vid=6a0640b2-d843-4e6b-a24e-9fe1f07bb7ef&from=en-us_msnhp&gt1=33009

tango
Mar 11th 2011, 11:32 PM
Yep, the way everything is measured these days... "the tsunami caused damage estimated at $25 billion... oh yes, and a few thousand people died along the way"

Warrior4God
Mar 12th 2011, 12:07 AM
Article on MSN home page touting the Japan Disaster as the most exspensive ever.

Its amazing to me how much everything is dollars and cents. what about the Indonesia disaster where over 200,000 people lost their live. How exspensive is that?

Here is the link to the video

http://money.msn.com/how-to-invest/video.aspx?vid=6a0640b2-d843-4e6b-a24e-9fe1f07bb7ef&from=en-us_msnhp&gt1=33009

To be honest, every disaster gets tagged as "the most expensive disaster ever." :2cents:

bdh
Mar 13th 2011, 07:53 AM
oh yes, and a few thousand people died along the wayUltimately, the economic impact of what happened in Japan could indirectly cost many more lives. Lives no one will ever hear about - Japan for example is one of the biggest importers of raw materials in the world - Iron and steel, Plastics, petroleum products, Copper, Nickel, Gold, Platinum ... pretty much everything. If their imports of raw materials take a knock (because factories making cars for example are not running), subsistence farmers, miners and other workers in far away countries that export to Japan may very well find themselves below the bread line.

It's amazing how an event in Japan could potentially result in the starvation of a poor Copper miner and his family in say Zimbabwe or a Platinum miner in Angola.

All economies are linked whether we like it or not and what happens to one affects all in some or other way.

tango
Mar 13th 2011, 08:46 AM
Ultimately, the economic impact of what happened in Japan could indirectly cost many more lives. Lives no one will ever hear about - Japan for example is one of the biggest importers of raw materials in the world - Iron and steel, Plastics, petroleum products, Copper, Nickel, Gold, Platinum ... pretty much everything. If their imports of raw materials take a knock (because factories making cars for example are not running), subsistence farmers, miners and other workers in far away countries that export to Japan may very well find themselves below the bread line.

It's amazing how an event in Japan could potentially result in the starvation of a poor Copper miner and his family in say Zimbabwe or a Platinum miner in Angola.

All economies are linked whether we like it or not and what happens to one affects all in some or other way.


I won't dispute that, it's just that everything is presented in terms of how many dollars have been lost and the whole human impact side seems to be forgotten.

AndrewBaptistFL
Mar 13th 2011, 12:36 PM
Gives us many reasons to pray, doesn't it?

bdh
Mar 14th 2011, 05:53 AM
... it's just that everything is presented in terms of how many dollars have been lost and the whole human impact side seems to be forgotten.

It is sad. No doubt the tried and true "... the love of money is the root of all evil" is at the root of this (no pun intended).


Gives us many reasons to pray, doesn't it?

Absolutely. Thant it does.