The global economy is at the point of maximum danger - Telegraph
- added July 21, 2008
- 6 responses
-
-
-
- Octoguy
- added this
-
-
- related topics
-
- News and Politics (38480)
- Politics (26886)
- Economy (2273)
- Recession (267)
- Credit Crunch (91)
It feels like the summer of 1931. The world's two biggest financial institutions have had a heart attack. The global currency system is breaking down. The policy doctrines that got us into this mess are bankrupt. No world leader seems able to discern the problem, let alone forge a solution.
-
Most of us have heard this was coming for years now, but without a decent education offered to our children in public schools, do we really expect the general public to understand how the economy works? They're not even taught how to balance a check book in high school. Some members of congress still believe our currency is backed by gold! It is insane, our ignorance has allowed this tipping point in the economy, and I seriously doubt we can educate enough people to stave off this coming depression. I am angry for the ignorant innocent people that have worked their whole life, saved for retirement and now live on a fixed income in their senior years only to be told that the retirement dollars they depend on no longer holds enough value to pay their bills. Simply put, it is THEFT!
-
Be afraid, Be very afraid
-
-
-
-
- goldenways
- 2 months ago
-
-
It will be a global revolution
Login/Registration is required to add a response.
