Global Economic Crisis Worsens | |
Anonymous Coward (OP) User ID: 620712 United States 03/01/2009 02:23 PM Report Abusive Post Report Copyright Violation | |
Anonymous Coward User ID: 622180 Greece 03/01/2009 02:24 PM Report Abusive Post Report Copyright Violation | |
Anonymous Coward User ID: 473495 United States 03/01/2009 02:26 PM Report Abusive Post Report Copyright Violation | |
Bagatell User ID: 514879 Germany 03/01/2009 02:39 PM Report Abusive Post Report Copyright Violation | According to the website blah%&$.com, the latest economic data emerging from major economies is so bad, it suggests a turning point has been reached and that a global economic depression may be irreversible. Quoting: Anonymous Coward 620712Why is it we keep hearing about all the toxic debt and nothing about it´s antithesis (would that be healing credit?) There is no crisis as "they" portay it, it says so on the BBC [link to www.bbc5.tv] |
Anonymous Coward User ID: 475092 United States 03/01/2009 02:57 PM Report Abusive Post Report Copyright Violation | Please is this the only reason that they can come up with? People of the MSM propaganda machine blame the people not the government, WTF ENOUGH! All this does is perpetuate the "hate thy neighbor" for them losing their job and having to forclose on their home. I don't buy it that its the Banks fault its the peoples fault, BLAME, blame, blame. Toxic MSM & Greedy Shills, STFU! Its going down so be it, Improvise, overcome and adapt. |
Anonymous Coward User ID: 605575 United States 03/01/2009 03:33 PM Report Abusive Post Report Copyright Violation | The actual cause of the collapse of the world economy is that the BUBBLE BURST. We had a good time while the economy soared, but contractions are part of every cycle and now we are in a contraction. Blaming it on the Sub Prime Mortgage fiasco is wrong. Blaming part of it on the Mortgage fiasco would be correct. Other areas to blame would be the European banks lending to Eastern Europe to finance mortgages that could never be repaid if the eastern European currencies fell markedly against the Euro or Pound or Swiss Franc. That is exactly what happened and that is why Europe is plunging into Depression right now regardless of their emergency summit meetings. Nobody can stop the downward momentum. The downward momentum is not stopping in the United States and it is not stopping in Europe or in China. The whole world economic system is collapsing. |
Anonymous Coward User ID: 607509 United States 03/01/2009 03:36 PM Report Abusive Post Report Copyright Violation | |
Anonymous Coward (OP) User ID: 620712 United States 03/01/2009 03:40 PM Report Abusive Post Report Copyright Violation | The actual cause of the collapse of the world economy is that the BUBBLE BURST. We had a good time while the economy soared, but contractions are part of every cycle and now we are in a contraction. Quoting: Anonymous Coward 605575Blaming it on the Sub Prime Mortgage fiasco is wrong. Blaming part of it on the Mortgage fiasco would be correct. Other areas to blame would be the European banks lending to Eastern Europe to finance mortgages that could never be repaid if the eastern European currencies fell markedly against the Euro or Pound or Swiss Franc. That is exactly what happened and that is why Europe is plunging into Depression right now regardless of their emergency summit meetings. Nobody can stop the downward momentum. The downward momentum is not stopping in the United States and it is not stopping in Europe or in China. The whole world economic system is collapsing. While I agree that there are business cycles (greed and fear), this is an unusual "once in a lifetime event. |
Anonymous Coward User ID: 619471 United States 03/01/2009 03:41 PM Report Abusive Post Report Copyright Violation | |
Anonymous Coward (OP) User ID: 620712 United States 03/01/2009 03:42 PM Report Abusive Post Report Copyright Violation | |
Anonymous Coward User ID: 625820 United Kingdom 03/01/2009 03:44 PM Report Abusive Post Report Copyright Violation | One of the leading websites on the Global Economic Crisis issues a stark warning that a global economic depression may be irreversible Quoting: Anonymous Coward 620712[link to www.GlobalEconomicCrisis.com] Can you back up that claim? It looks like a cheap kOOk site to me. I smell self-publicizing rat.... |
Anonymous Coward User ID: 622180 Greece 03/01/2009 03:50 PM Report Abusive Post Report Copyright Violation | |
Anonymous Coward User ID: 503157 United States 03/01/2009 03:51 PM Report Abusive Post Report Copyright Violation | |
Anonymous Coward User ID: 550635 United States 03/01/2009 04:00 PM Report Abusive Post Report Copyright Violation | "The root cause of the economic and financial crisis was the United States mortgage market selling sub-prime mortgages to large numbers of consumers with inadequate incomes" This is true but they fail to mention why...the reason why they did this is so they could make trillions and trillions from the credit default swaps. That was all lovely until the grabbed a little too much and created one little crack. When that crack happened, Enron fell out, then Lehman fell out, the Madoff fell out exposing their sinister ways. Once the masses realize the 'elite' as they are called, were using the working persons money to gamble with, everyone pulled their stocks. Soon everyone took huge losses. Now that everyone see that is Satan behind the curtain, they care not to invest any more. They lost tons of savings so they wont spend any more. They would much rather see the "Whiteshirts" fall. Let them carry their own load around. The working class are tired of carrying their spoiled asses around. As people started to look more closely, they seen the 'other schemes'. Such as skimming. Its all very clear now why the people are oppressed. Now the handfull of greedy crooks at the top will soon meet their demise... |
Anonymous Coward User ID: 550635 United States 03/01/2009 04:03 PM Report Abusive Post Report Copyright Violation | Don't be surprised if they pop a few nukes to try to corral the sheep...Personally, I don't think that will work either. I think it will start a stampede. |
Anonymous Coward User ID: 537493 United States 03/01/2009 04:13 PM Report Abusive Post Report Copyright Violation | One of the leading websites on the Global Economic Crisis issues a stark warning that a global economic depression may be irreversible Quoting: Anonymous Coward 625820[link to www.GlobalEconomicCrisis.com] Can you back up that claim? It looks like a cheap kOOk site to me. I smell self-publicizing rat.... Hahahaha! Yeah man. That site sucks. The "Blog master" is just some nutty author who, "has written books on topics from nuclear war to female senuality." Um, I don;t think I'll be wasting any time reading his crap. |
raf User ID: 625839 Mauritius 03/01/2009 04:17 PM Report Abusive Post Report Copyright Violation | |
Anonymous Coward User ID: 617833 United States 03/01/2009 04:31 PM Report Abusive Post Report Copyright Violation | |
Anonymous Coward User ID: 501302 United States 03/01/2009 04:52 PM Report Abusive Post Report Copyright Violation | |
BushMaster User ID: 599924 United States 03/01/2009 04:55 PM Report Abusive Post Report Copyright Violation | |
Interested User ID: 625878 United States 03/01/2009 05:17 PM Report Abusive Post Report Copyright Violation | The whole financial crisis is mainly caused by the practice of interest (riba). Interest has many forms and there are many ways to practice them. The practice of interest creates frauds, manipulations, greed, crimes and causes all sort of destructions and oppressions. Anyone can argue about what causes this kind of mess..., but that is the real cause. Yet not many want to discuss this aspect. That is why Islam strictly prohibits the practice of interest. Now who in the world promotes this kind of crime? You know who. |
Jos User ID: 380509 United States 03/01/2009 05:21 PM Report Abusive Post Report Copyright Violation | |
Anonymous Coward User ID: 582017 United States 03/01/2009 05:25 PM Report Abusive Post Report Copyright Violation | Well, someone should tell all these people up here about it cause this weekend was packed with snowmobilers, skiers, fishermen and just plain pain in the azz tourist. Quoting: BushMasterThat falls under entertainment and people will be hard pressed to give up entertainment even in depression times. It will fall off somewhat but not die.Just saying |
Anonymous Coward User ID: 430839 Spain 03/01/2009 05:57 PM Report Abusive Post Report Copyright Violation | |
Anonymous Coward User ID: 625921 Australia 03/01/2009 06:25 PM Report Abusive Post Report Copyright Violation | |
LanMan User ID: 625917 United States 03/01/2009 06:33 PM Report Abusive Post Report Copyright Violation | The root problem can be found in the 'love of money', which as it has been said 'is the root of all evil'. The global economic system is built on getting humanity to 'love' money! It comes as no surprise to me what is happening. Humanity was warned, humanity ignored the warning, and now humanity is suffering the consequences. It won't end well at all. |
Anonymous Coward User ID: 594559 United Kingdom 03/01/2009 06:45 PM Report Abusive Post Report Copyright Violation | |
Fool User ID: 552172 Canada 03/01/2009 06:51 PM Report Abusive Post Report Copyright Violation | |
Anonymous Coward User ID: 617833 United States 03/01/2009 06:54 PM Report Abusive Post Report Copyright Violation | |
Anonymous Coward User ID: 615362 United States 03/01/2009 06:55 PM Report Abusive Post Report Copyright Violation | |