astralis Sir, Quite simply; one does not. Zhe bubble is burst. Since Lehmans we have thrown good money after bad - another Greece bail out in Europe, an extension of the US deficit; 'tis the same thing. The politicians have delaying the inevitable, throwing good money after bad for political reasons; to be able to say "I/We are in control". Sadly this is not so. If they had the guts to let the banks go bust then today they might be in control but since they gave our money to the banks they now find themselves with deficits threatened by the very markets they tried to save. Thus Europe and the US have piled public money into the banks (who were the cause of the problem) and are now threatened by the banks who now have the ability to increase rates on Governments borrowing. See http://www.worldaffairsboard.com/int...-crisis-4.html
Is time to get some guts and stop the markets and banks ripping us all off... they first sell you a dodgy motgage then nab your house then go bust cos they sold so many dodgy mortages and nobody could afford to pay so property prices went through the floor. However because they've sold these bets on these mortgages (derivatives) all ever as 'assets' every banks assets are over-valued by a large extent. So Governments bail them billions and spend billions more trying to increase the economies to recoup the tax. Now the Governments are bankrupt and we are paying again through higher taxes and reduction in other areas.
Time to get real! The irony is that if my business were doing badly no bank would help me yet the banks themselves do not play by the same rules; they are 'too big to fail' so they will continue to rake in money while new businesses that owes, say $10,000, will be at a disadvantage to any large corporation that owes $1,500,000 as the first is unlikely to get a loan etc and the same goes for whole countries! Because the US owes its investors (including my sister!) more than anyone else we have to give them more!!!!!
astralis I am but a girlie and not an economist at all but the way I see this going is recession and the sooner we have it done the better. Yes it will be hard and nasty for some and those who can help each other will have to. We have been living on credit too long and it's catch up time. Pls turning off light before leaving.
Is time to get some guts and stop the markets and banks ripping us all off... they first sell you a dodgy motgage then nab your house then go bust cos they sold so many dodgy mortages and nobody could afford to pay so property prices went through the floor. However because they've sold these bets on these mortgages (derivatives) all ever as 'assets' every banks assets are over-valued by a large extent. So Governments bail them billions and spend billions more trying to increase the economies to recoup the tax. Now the Governments are bankrupt and we are paying again through higher taxes and reduction in other areas.
Time to get real! The irony is that if my business were doing badly no bank would help me yet the banks themselves do not play by the same rules; they are 'too big to fail' so they will continue to rake in money while new businesses that owes, say $10,000, will be at a disadvantage to any large corporation that owes $1,500,000 as the first is unlikely to get a loan etc and the same goes for whole countries! Because the US owes its investors (including my sister!) more than anyone else we have to give them more!!!!!
astralis I am but a girlie and not an economist at all but the way I see this going is recession and the sooner we have it done the better. Yes it will be hard and nasty for some and those who can help each other will have to. We have been living on credit too long and it's catch up time. Pls turning off light before leaving.
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