Hi Iam,
I have given my views above. This turmoil is not about the debt of the world countries IMO. Debt was there for them for centuries. Debt is a necessary component in capitalism. If there would be no debt in capitalist system, it would not be able to run itself. Yes some of them has excessive debt when you look their debt/GDP ration, but the worst countries are US and UK. Nothing happens to them by the way. No one mentiones about their debts either. Those debt will be melted down by printing money and the inflation over the time. Those countries will be poorer then. So that will be the result of debt.
This is a fake crisis created by the Wall St. tycoons by the help of the media which is controlled by them. There is not a big problem in economies of the world countries which would match this large scale crisis in stock and commodity markets. All the economic data is good all around the world. Yesterday Japan said that its exports are up.
DJ will turn back up tomorrow or after. Obama says those financial terrorists will keep fighting but they will not win this war. They are putting on fire their own houses by dragging down the world stock markets (you know, they are all connected). So they will have to turn it back up from DJ index 10.000. Otherwise it would be very dangerous if it would go down more than 9900. So they can't drag it any more than this.
Our AU tycoons and the media supporting them are not telling the truth to the public either. They say that RSPT (I support RSPT by the way) is causing foreign investors (European and Japan) selling out and leaving AU markets, so our stock market is going down. That's an obvious lie because it is obvious again that stock markets all around the world are severely coming down.
Anyway, there too many liers on the streets demonstrating now. It is also hard to explain for me anymore than this with this second language of English of mine.
Cheers
Add to My Watchlist
What is My Watchlist?