Financial crisis. What u think about it?

The European Ags close to peak a black week, always get worse between them: fridays have been burnt nearly 400 billions of capitalization after an other sitting a lot flown them, with a start negative on the wake of the financial ruin of Wall Street and the tonfo of the Asian Ags in morning, with decreases around 10%.

Vut who want this? Is really international economic crisis or  anyone  are doing anything to do this, to create panic in the world. Like 11 september, is my suspect idea. In Italy banking ststem is really sure, but italian bank loose in stocks quotation. Why? Problems is not only economic, for me.

Posted: at 10-10-2008 11:51 PM (15 years ago) | Newbie

Good topic, have been waiting for someone to start this, well i think the world is now short of money and seems like US is the ultimate saviours - they said they need 700billion USD to make this happen (to stabilize world economy) - i still think this plan is totally impossible, however for the wise one this is a period to make bastard money from the situation

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Posted: at 11-10-2008 01:27 PM (15 years ago) | Gistmaniac

Why does everyone depend on the US? sure, they're rich, but your all acting as if they own the world. its due to them that all this bankrupcy is happening and yh they started the mess and they should get us out but, we are capable of sorting out what we got ourselves into. america were rich.. now they're poor. africa was poor... and guess what.. we're still poor. lets just take this situation and turn it around. its not always about the money.

  i feel smart. hehe.

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Posted: at 11-10-2008 03:54 PM (15 years ago) | Upcoming

the whole world depends on US economy - not cos they are rich but cos the way it is

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Posted: at 11-10-2008 07:05 PM (15 years ago) | Gistmaniac

Whats causing the crisis???

Posted: at 11-10-2008 07:17 PM (15 years ago) | Newbie

dis crisis mess is getting to everyone, US got themselves into dis because of the military spending and all the other things that BUSH did, now the 700billion dollar plan is not gonna work because that's the taxes of the US citizens, its too another 115 million for the house to even sign the stupid bill which is the US citizens money and we have to pay it back everythin is closing down, example theres a store down my street that I've been going to for 10yrs now i just found out that they are closing down, the people who worked in store lost their retirement money, what can they do now, banks are closing down, whatelse is wrong GAS IS SO phyukIN high excuse my language, things is stores are high, one gallon on cookin oil is now 10 dollars when it use to be 4 dollars, my mom and dad are losing there 401k my mom just lost 5,000 dollars from her retirement money the money she worked all day for, ts just crazy, people are losing there jobs. its just crazy, now they have a 700 bail out plan. only Gods knows what OBAMA's gonna do when he is elected president because BUSH has done enough.

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Posted: at 11-10-2008 10:50 PM (15 years ago) | Gistmaniac

too much military spending in iraq
and too much loans that people r not paying in real estate

Posted: at 12-10-2008 12:45 AM (15 years ago) | Hero

Sure history does warns earlier but the way out is 70 billion USD  to stabilize, damn way too high how would it be raised with weeks?

Posted: at 12-10-2008 03:11 PM (15 years ago) | Gistmaniac

Thank God for this topic been raised, first and foremost the problem of the credit cruch was caused by prisendent bush administration....his urge spending on iraq conflict, he spend hell lot of money on the war against sadamm and also on alqueda, bin laden saga....this monies was from the US treasury...Now banks no longer have more credit to loan to each other, they are short of cashflow..business men can get loans from bank if they manage to get the interest rate is above normal.this banks in wall street has crumbled because of the mutiplying effect and the burden his passed back to business men, working class etc.When business dont have enough credit in thier disposal they can have monies to spread arround i.e creating more jobs....so on the interim people has to loose their jobs. i was listening to sky news few days ago, about 20% of jobs has been cut down.....Now the bail-out of 700 billion dollars has no effect at all...banks in the UK has gotten their fair share of the problem...just three days back....icelandic banks drop by 10% of thier capital inflow...you know what that means...your guess is good as mine. Here in the UK that i stay investors are loosing thier savings on stocks all because of the financial difficuties the world is facing right now.... ECONOMIC EXPERTS HAS FAILED IN THIER PROJECTION....ANYWAY IT IS A WORLD RECESSION....ONLY GOD CAN GIVE IDEA OF A BAIL-OUT, NOT OBAMA POLICIES CAN SOLVE IT NOR MCCAIN PHILOSOPHY OF GOVERNANCE.

Posted: at 12-10-2008 06:57 PM (15 years ago) | Newbie

but not as fast as  pple might think

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Posted: at 12-10-2008 10:51 PM (15 years ago) | Hero