On Wed, Dec 10, 2008 at 12:54 PM, Vivec wrote: > If the Economic crisis turns out as bad as analysts predict, then we > could be heading for a global meltdown. > i.e. the equivalent or precursor to World War III. >
Hopefully not, but things are looking grim in certain parts of the world. > And you can blame it all on the Bankers and the laissez faire > capitalists who's greed and other agendas allowed this to happen. Blame oil producers like Russia, Iran, and Venezuela for trash talking in a clear attempt to unnerve analysts and push the price of oil ever higher. The dramatic rise in the price of oil spurred inflation in all kinds of goods all around the world and played a significant role in the current crisis. Just shows you how little the leaders of those countries know about market economics. Blame Congress for pushing cheap money and risky lending practices in the US in a misguided attempt to broaden home ownership among the poor. Blame Americans (and others) for a negative savings rate. Blame the culture of greed in corporate boardrooms worldwide for allowing CEOs to make very risky decisions in pursuit of maximum profits. Blame China for keeping its currency depressed to allow its companies to sell huge amounts of goods to the rest of the world. Blame Wall Street "gurus" for creating an entire industry of derivatives even the heads of the biggest banks in the world don't understand. Blame the EU for not responding effectively to the devaluation of the dollar over the last few years. ~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~| Adobe® ColdFusion® 8 software 8 is the most important and dramatic release to date Get the Free Trial http://ad.doubleclick.net/clk;207172674;29440083;f Archive: http://www.houseoffusion.com/groups/cf-community/message.cfm/messageid:282463 Subscription: http://www.houseoffusion.com/groups/cf-community/subscribe.cfm Unsubscribe: http://www.houseoffusion.com/cf_lists/unsubscribe.cfm?user=11502.10531.5
