Turkey

From what is going on right now, its need around 10 years from now.. Lets hope it goes not get any longer for full recovery!

Which countries are suffering and wchi ones will suffer ,due to the economic crisis and why?

It will probably be the third world poorer countries who will suffer most. I only say this because those of us living here in the richer nations will already be pulling in our horns and will probably be unable to donate as much as usual to the charities of our choice.

I hope this does not last too long. I think we are nowhere near the bottom yet and may not be until sometime in 2010 – maybe by end of year. We’re in for the long haul, at least two years.

Don’t want to scare anyone, but the word slump pretty well sums up what’s actually happening. Back in 1929 something like 3000 US banks went belly up millions lost all their savings and were destitute.

This will not happen again since we now have a welfare state plus the nhs to take care of us etc.

Good luck etc.

A shocking Fall – The World Economic Collapse Part 1

Duration : 0:10:58

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im trying to do a compare and contrast essay. i got 2 differences, and i’ve been trying to search for a similarity for the past hour and a half. please help me!

o wow r u in Ms wohl’s class by any chance?? in bronx sci??
imperialism counts.. i think

How To Survive The Financial Economic Crisis- Urban Survival
emergency disaster Worldwide U.S. Economic Collapse Stock Market peter schiff jim rogers max keiser marc faber gerald celente Crash Iceland nationalizes banks dividend yields price fed jim rogers bloomberg housing bubble mortgage meltdown credit crunch inflation gold foreign ron paul urban survival grocery store fun Cody Lundin tv news economic crisis financial collapse tax revolts revolution tent cities wall street unemployment welfare

Duration : 0:7:14

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Even Europe is in Crisis too! Is Bush to blame?
Even China and Korea have crisis.
Ford Perfect: So can you explain even after 9-11, 2 wars, Katrina, Rita and 6 years of so called Bush failed policies, the stocks market still managed to peak before Democrats won 2006?
and I am tired of explaining to you left wingers that Democrats voted for the war too.

Yes, as a matter of fact, his incompetence and ignorance have been a large part of the miseries in the world today.. From his fabricating the intelligence for the Iraq war to his ignoring the middle east for the first few years of his presidency to his fostering the lack of regulation that led to the current financial crisis. I can’t think of any one person since Stalin that has been more detrimental to the world.This is one miserable excuse for a human being.

Edit:: You can stop explaining the the Democrats voted for the war too. They voted for a resolution that allowed necessary force to be used. It was Bush and his band of psychopaths that, either through incompetence or ignorance, passed on faulty intelligence and then started the invasion that was unnecessary, ill-advised and ill-planned.

9/18/2008 Congressman Ron Paul has issued a stinging address concerning the financial crisis in which he outlines how the current economic problems, created via malinvestment and shift to a debt based economy, are now being mismanaged by private interests in secret.

Whats more he says he is not sure the Federal Reserve has any idea what to do next and that the Congress is totally oblivious to the whole sorry state of affairs – a tail of elements he warns puts the middle class of America in serious jeopardy.

Today we had a lot of financial fireworks in the markets, a lot of things are going on, and I think we are in the middle of something very big. the Congressman stated.

Speaking on the recent collapse and government bailout of several big financial institutions he warned:

Were talking about big bucks, were not talking about hundreds of millions or even hundreds of billions, were talking about trillions of dollars, the obligation is immeasurable.

The interesting thing is that they (the financial institutions) dont come to the Congress, I mean the Federal Reserve buys them out, they own it. We as tax payers now own Fannie Mae and Freddie Mac and know one knows how much that will cost. They dont come to the Congress, we dont have appropriations, its done by secret government, private individuals behind the scenes maneuvering and manipulating and trying to patch things up. While in the meantime, Im sure theres a few people making a couple of bucks out of this whole thing.

The Congressman highlighted how an economy structured on debt and credit and a financial system based on interventionism and self serving moral hazard has led to gross devaluation of the dollar and ultimately lies at the root of the current financial meltdown.

Our problems come first of all from the Federal Reserve. It is a monopoly and it controls interest rates artificially low, causes people to make mistakes, thats the basic source. But then on top of that in the Housing market we had the community reinvestment act which told investors that they had to loan to risky borrowers, and that was a risky complication. HUD contributes to this, FDIC contributes, its called moral hazard, everything that we have done over here creates moral hazard, that is we ure people or ume that we will take care of everybody, just go out and create the risk, it is the opposite of the market place. Paul stated.

You cant create money like were doing in order to support the dollar, because ultimately it hurts the dollar and everything we do in Washington today whether its on the appropriations side, whether its what the Fed is doing, buying up America, its all putting pressure on the dollar. One of these days were just going to have to wake up and say that we need to liquidate debt. This is malinvestment. he urged.

The Congressman then slammed those who have blamed the crisis on failures of the free market:

And then they have people come along and say see, this is the failure of capitalism, this has nothing to do with capitalism, this is something that started off as interventionism and us being too involved in the economy for the benefit of special interests. But now it is being socialized out in the open.

The end of this comes when people reject the dollar and I think were getting awfully close to this. Paul stated echoing comments from leading investors such as Jim Rogers, who predicted Monday that the dollar would soon lose its world reserve status.

When you see the movement in the markets that we have today, you know that there are serious problems out there and Congress basically are oblivious, they have no idea whats going on. Paul continued.

As a matter of fact Im not even sure the Federal Reserve has any idea what to do about this. Theyve been manipulating and maneuvering for their own benefit over the years but eventually the market wins out.

The Congressmans comments were echoed today by reports indicating that the Congress cannot agree on any form of action and is likely to simply adjourn and get out of the way.

Senate Majority Leader Harry Reid told reporters that no one knows what to do.

In a stark warning, Ron Paul stressed that the longer the value of the dollar is allowed to depreciate, the greater the risk becomes for the majority of Americans:

The reason this is so important is that if you care about people in a humanitarian sense, what you want to do is protect the value of the money. Just think of the third world nations when they have total run away inflation, the middle class gets wiped out. And what we are seeing today is the middle class being jeopardized by this type of system that we have, unlimited spending, unlimited debt, unlimited creation of new credit.

So its time that we wake up The answers are in the free market, sound money and our Constitution. Paul concluded.

Watch the full address by the Congressman:

Duration : 0:7:17

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Support the Optional Protocol on Economic, Social and Cultural Rights http://www.protectallhumanrights.org/en

Billions of women, men and children face levels of deprivation that undermine the right to live with dignity.

Hunger, homelessness and preventable disease are not inevitable social problems or simply the result of natural disasters they are a human rights scandal.

Even in rich countries, there are people who do not have access to education, health care and housing. Governments often blame a lack of resources, but, in fact, many people face systematic discrimination, while those on the margins of society are often overlooked altogether.

The international community has stood by while individual governments have ignored the human rights of millions of people. International financial institutions have imposed conditions on countries that have led to reduced access to education and health care for people living in poverty.

Elsewhere, those large-scale development projects devoid of any regard for human rights have resulted in widespread homelessness. In many countries, governments do not regulate corporations to ensure that they meet their human rights responsibilities. They allow pollution of the environment and extreme exploitation to continue unchecked.

Violations of economic, social and cultural rights are not a matter of inadequate resources; they are a matter of justice. All human rights are inter-linked and the denial of one leads to denial of others where there is no freedom of expression, for example, there is no right to education.

People’s action around the world has lead to great gains in making economic, social and cultural rights a reality, but much more needs to be done so that everyone has the right to live in dignity.

Duration : 0:2:44

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This is REAL TIME!!! How the beginning of the 2009 Depression will play out.
Predictions of an economic collapse coming true. Time to prepare and warn your family and friends.

End of 2008/Early 2009 we will enter the most severe inflationary depression the world has ever seen.
Signs and prediction of Inflationary Depression.

Within 60 days of this video, gas 4 dollars.
Oil will break 125 by mid 2008 locking in severe inflation for the fall/winter.
We will have two major down moves in the stock market, some time in the fall of 2008 and later around feb 2009.

Duration : 0:7:13

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FIRST: We must recognize the reality of a national emergency in the form of an accelerating, hyper-inflationary, general breakdown-crisis of the U.S. banking and monetary system. This trend must be halted by emergency action in bankruptcy reorganization: All present plans for financial bail-out of Fannie Mae and Freddie Mac must be cancelled under threat of impeachment or similar action against any U.S. officials caught in complicity with such an attempted, inherently fraudulent bail-out scheme for absolutely wrecking the U.S.A. financially in favor of London and Wall Street predators.

Federal reorganization of the financial system in bankruptcy must occur immediately. We, as government, must be committed to pay what must be paid to maintain the general welfare of the population and of functions of Federal, state, and local government, and to freeze what can not be paid currently without damaging the payments which are of fundamental strategic and human interest.

Many people have engaged in what are in fact, tolerated swindles, as typified by the disgusting matter of “golden parachutes,” while essential human interests of people who have earned their actual right to income are looted to pay for “golden parachutes” and comparable swindles. Those who managed the economy are those who are chiefly responsible for the failure which their reign induced; they should not claim too loudly what they did not actually earn by human standards for the proper meaning of “earning.” The word of the day is “big-time financial swindlers”

SECOND: We must restore real (i.e., physical) growth in essential goods and services as measured per capita and per square kilometer.

THIRD: We must use emphasis on science-driven, high-energy-flux density progress in basic economic infrastructure, such as power, mass transportation, water management, and land and forest reclamation, as stimulants to recreating the physical-economic productive capabilities of our labor-force, which our republic has largely lost under the implicitly pro-Malthusian dogmas imposed since 1977.

FOURTH: We must establish a new virtual “Bretton Woods” system by an immediate agreement presented by the government of the U.S.A. to leading nations Russia, China, and India, establishing a new fixed-exchange-rate system designed for the participation and benefit of currently sovereign nations and those which are still to be freed from poorly concealed expressions of British imperialist subjugation by established Anglo-Dutch Liberal-created international institutions.

This action by those four powers must be intended to open the doors of nations generally to participate as fully sovereigns in the new system.

Since, as the case of China illustrates the point, the greatest amount of outstanding international debt and related accumulations, is currently denominated, still, in U.S. dollars, the possibility of avoiding a general breakdown-crisis of the planet as a whole, depends upon fixing the dollar at a recently fixed current valuation, perhaps a value sometime prior to August 1, 2007. Without such a measure, the situation of the world at large would tend to be hopeless, and a new, planet-wide new dark age would be virtually inevitable.

Such an agreement among that “big four” would automatically open the gates for the immediate full participation of other sovereign nations as true sovereigns. Without this initiating role by the U.S.A., there is no approach by any combination of other nations which could bring the presently soaring world crisis under voluntary control.

The intention of such a precisely defined form of New Bretton Woods system is the only existing option for avoiding the plunge of the planet as a whole into a prolonged, very deep new dark age.

Duration : 0:3:49

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