{"id":489,"date":"2009-02-27T00:45:52","date_gmt":"2009-02-27T04:45:52","guid":{"rendered":"https:\/\/blogs.transparent.com\/polish\/?p=489"},"modified":"2009-02-27T00:45:52","modified_gmt":"2009-02-27T04:45:52","slug":"global-economic-crisis","status":"publish","type":"post","link":"https:\/\/blogs.transparent.com\/polish\/global-economic-crisis\/","title":{"rendered":"Global Economic Crisis"},"content":{"rendered":"

\"\"<\/a>I didn\u2019t really want to write about the global economic crisis, because I\u2019m sure you all get enough of that from your normal media outlets. It seems these days it\u2019s all crisis all the time.<\/p>\n

But people from near and far have been asking me just how bad (or good) it is in Poland right now when it comes to financial and economic matters, so I thought I\u2019d talk about it very briefly today.<\/p>\n

I\u2019m not an economist and I can\u2019t offer you any predictions (only very uneducated guesses) as to how badly this economic downturn will affect Poland.<\/p>\n

My father was one of those early \u201cconspiracy theorists,\u201d who mumbled under their noses that the z\u0142oty<\/strong> was being purposely weakened thanks to shenanigans by foreign banks. I dismissed it, because I thought that\u2019s what currencies are supposed to do, they get stronger or weaker all the time. But last week it turned out my dad had been right all along. Goldman Sachs admitted to doing goofy things to keep the z\u0142oty<\/strong> purposely undervalued.<\/p>\n

But what does this mean for the average man on the street? Apart from all the financial mumbo jumbo spouted by the so-called experts, journalists and everybody who\u2019s anybody caught on camera, the red graphs shown on TV and printed in almost every newspaper, and all sorts of doomsday predictions, not that much has changed, really.<\/p>\n

It might be hard to fathom but for many Poles the country has been in a state of perpetual economic crisis at since the fall of communism, if not for longer. How is this crisis different?<\/p>\n

Prices have gone up somewhat, but they\u2019ve been going up in the best of times, too. People complain about the economy, but they\u2019ve been complaining about the economy in the best of times, too.
\nDespite hearing all the bad news from across Europe, my friends still intend to go abroad to find work. Crisis schmisis, life goes on.<\/p>\n