Cempaka Business and Economy: Govt to revise down economic growth on rising oil, food prices

"A Summary" – Apr 2, 2011 (Kryon channelled by Lee Carroll) (Subjects: Religion, Shift of Human Consciousness, 2012, Intelligent/Benevolent Design, EU, South America, 5 Currencies, Water Cycle (Heat up, Mini Ice Ace, Oceans, Fish, Earthquakes ..), Middle East, Internet, Israel, Dictators, Palestine, US, Japan (Quake/Tsunami Disasters , People, Society ...), Nuclear Power Revealed, Hydro Power, Geothermal Power, Moon, Financial Institutes (Recession, Realign integrity values ..) , China, North Korea, Global Unity,..... etc.) - (Text version)

"The Timing of the Great Shift" – Mar 21, 2009 (Kryon channelled by Lee Carroll) - (Text version)

“ … Here is another one. A change in what Human nature will allow for government. "Careful, Kryon, don't talk about politics. You'll get in trouble." I won't get in trouble. I'm going to tell you to watch for leadership that cares about you. "You mean politics is going to change?" It already has. It's beginning. Watch for it. You're going to see a total phase-out of old energy dictatorships eventually. The potential is that you're going to see that before 2013.
They're going to fall over, you know, because the energy of the population will not sustain an old energy leader ..."

"Update on Current Events" – Jul 23, 2011 (Kryon channelled by Lee Carroll) - (Subjects: The Humanization of God, Gaia, Shift of Human Consciousness, 2012, Benevolent Design, Financial Institutes (Recession, System to Change ...), Water Cycle (Heat up, Mini Ice Ace, Oceans, Fish, Earthquakes ..), Nuclear Power Revealed, Geothermal Power, Hydro Power, Drinking Water from Seawater, No need for Oil as Much, Middle East in Peace, Persia/Iran Uprising, Muhammad, Israel, DNA, Two Dictators to fall soon, Africa, China, (Old) Souls, Species to go, Whales to Humans, Global Unity,..... etc.)

"The Recalibration of Awareness – Apr 20/21, 2012 (Kryon channeled by Lee Carroll) (Subjects: Old Energy, Recalibration Lectures, God / Creator, Religions/Spiritual systems (Catholic Church, Priests/Nun’s, Worship, John Paul Pope, Women in the Church otherwise church will go, Current Pope won’t do it), Middle East, Jews, Governments will change (Internet, Media, Democracies, Dictators, North Korea, Nations voted at once), Integrity (Businesses, Tobacco Companies, Bankers/ Financial Institutes, Pharmaceutical company to collapse), Illuminati (Started in Greece, with Shipping, Financial markets, Stock markets, Pharmaceutical money (fund to build Africa, to develop)), Shift of Human Consciousness, (Old) Souls, Women, Masters to/already come back, Global Unity.... etc.) - (Text version)

“… The Shift in Human Nature

You're starting to see integrity change. Awareness recalibrates integrity, and the Human Being who would sit there and take advantage of another Human Being in an old energy would never do it in a new energy. The reason? It will become intuitive, so this is a shift in Human Nature as well, for in the past you have assumed that people take advantage of people first and integrity comes later. That's just ordinary Human nature.

In the past, Human nature expressed within governments worked like this: If you were stronger than the other one, you simply conquered them. If you were strong, it was an invitation to conquer. If you were weak, it was an invitation to be conquered. No one even thought about it. It was the way of things. The bigger you could have your armies, the better they would do when you sent them out to conquer. That's not how you think today. Did you notice?

Any country that thinks this way today will not survive, for humanity has discovered that the world goes far better by putting things together instead of tearing them apart. The new energy puts the weak and strong together in ways that make sense and that have integrity. Take a look at what happened to some of the businesses in this great land (USA). Up to 30 years ago, when you started realizing some of them didn't have integrity, you eliminated them. What happened to the tobacco companies when you realized they were knowingly addicting your children? Today, they still sell their products to less-aware countries, but that will also change.

What did you do a few years ago when you realized that your bankers were actually selling you homes that they knew you couldn't pay for later? They were walking away, smiling greedily, not thinking about the heartbreak that was to follow when a life's dream would be lost. Dear American, you are in a recession. However, this is like when you prune a tree and cut back the branches. When the tree grows back, you've got control and the branches will grow bigger and stronger than they were before, without the greed factor. Then, if you don't like the way it grows back, you'll prune it again! I tell you this because awareness is now in control of big money. It's right before your eyes, what you're doing. But fear often rules. …”

Saturday, February 09, 2008

Govt to revise down economic growth on rising oil, food prices

Aditya Suharmoko, The Jakarta Post, Jakarta

The government confirmed Friday a plan to revise the economic growth target down from the 6.8 percent stated in the 2008 state budget amid soaring global prices for oil and staple food commodities.

"A downward revision is a must, but we will consider all the plus and minus factors," Finance Minister Sri Mulyani Indrawati told reporters as quoted by Antara newswire Friday. However, she declined to give an exact figure for the new forecast.

On Monday, the central bank said the country's economy would grow between 6.2 percent and 6.8 percent this year.

Mulyani said the latest forecast on the country's macroeconomic fundamentals showed mounting inflationary pressure as domestic consumption continued to suffer from global price increases.

"The rising price of staple foodstuffs will hurt the people's purchasing power," she said.

Last month, the country's inflation rate reached to a 16-month high, with a 1.77 percent increase, due to the price rises for key commodities, such as rice, wheat and soybeans.

The changes have prompted the government to review its assumptions on key variables -- particularly oil prices -- in the state budget while issuing new regulations last week to stabilize prices. These include various tax incentives for the food industry.

Facing criticism for its late response, the government announced Wednesday a plan to revise its assumption for oil prices to $83 a barrel from $60 a barrel in the 2008 state budget. The change comes only 36 days after implementation of the budget.

Crude oil prices surpassed $60 per barrel in mid 2006. They are currently hovering around $90 per barrel after peaking at $100 in early January.

The Finance Ministry's latest calculations estimate the government's budget deficit to reach Rp 87.3 trillion (about $9.45 billion), or 2 percent of growth domestic product (GDP), increasing from 1.7 percent in the current state budget.

Mulyani also confirmed, the government would propose a budget revision to the House of Representatives in mid February. It expects the process will conclude in March.

In normal conditions, a state budget is revised in the second semester. The revisions to the key assumptions, many economists said, were a result of poor economic forecasting by the government's economic team, which has led to uncertain growth.

A head economist at the Indonesian Chamber of Commerce and Industry, Faisal Basri, said his team had identified the coming threat of skyrocketing oil prices as early as 2006, but their warning was not taken seriously by the government.

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Saturday, February 09, 2008

Govt to revise down economic growth on rising oil, food prices

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