Turkey

An America in debt ridden position which it won’t be able to get out of as the world’s economies spiral downward.

Dubai is at least thinking ahead unlike our government. Dubai’s main export (oil) is running out so they have invested in their infrastructure and have created a vacation spot (not to mention a man made island and the worlds tallest building). The tourist destination complete with golf courses, casinos and aquariums that rival Sea world is a blueprint for other countries to think ahead and develop roadmaps to success.

Sadly our country hasn’t learned this lesson and so we continue to spend ourselves into deeper and deeper debt. However,they are simply asking for a 6 month reprieve from their creditors, all countries have debt and a reprieve is an unusual request but maybe they see something 6 months from now most aren’t seeing.

i got 2 know that,b’coz of the economic crisis some of the construction works are stopped in uae and it’s very difficult 2 find a job in uae these days for engineers,architectures,quantity surveyors and etc…is it true?hoping to go to uae to find a job.

noncense…..talk

Especially in this world wide economic down turn, because the govt have to serve their people who are becoming poor and I don’t think that the U.S could really afford more, so whats the point ?

Your point is interesting, but the US doesn’t advertise to bring in more poor. It advertises to bring in more students with high math and science skills. Business in the US is deprived of "american" math skills and they need that talent to maintain cutting edge technology and business. Check out Google in the Silicon Valley. There are very few white faces that are not at the management level. The tech workers, IT consults, and R&D groups are primarily of asian and indian decent…and if they can’t get green cards, there is nobody to replace them.

It is a true testament of America’s open door policy if you have something to sell. It’s also a testament of just how badly we have educated our own over the last 100 years. Education simply is not a honored, or even a priority, here in the US.

Well I am a student of Economics and I notice several ideas are being batted around….
But in a simple way I think it is not so much a crisis as it is a correction and a natural occurance of the Business Cycle. Now it seems governments and people in general want to ignore the Business Cycle. a 4 part cycle 1 of which is called depression and depressions were outlawed by FDR the US president in the ‘30-’40’s that was only a way of passing down the problem to the future and the longer to depression is prevented the worse it will be.
To relate it to something you can understand think about your body, you like certain things maybe playing ball and eating cake….
but if you play too much or eat too much it will get you sick and tired.
If you never sleep you will die.
That’s why you have a cycle each day and you rest and sleep.
The economy is much the same way it wants to buy and sell all the time get rich and keep on revving up but we have over extended our credit and assets have become over inflated of their true value.
If you play ball hour after hour you stop getting better and start getting worse.
Our economy got so good at selling things we started selling more things to more people beyond what they can afford to pay for, now the bills are not paid and the sellers are not as rich as they thought they were….
In this particular situation in the Earth today I believe that a good intention— Increasing home ownership and the consquential extension of credit to high risk buyers led to a massive shortfall in the return on those loans added to an insurance practice of guareteeing those loans beyond the real capacity to back them, caused another short fall but all is not lost, governments guarenteed all these loans so they pass the damage on to the taxpayers and the additional burden will decrease consumer spending on retail goods, large and small.
Some people may point fingers of blame to be sure and they would be right in doing so, If you follow the money, and keep an open mind about who is to blame its not hard to find out and it is sad to be sure.
And possibly criminal, I think as people investigate the facts behind the crisis if they can have access to the truth it will be the demise of the Democrat Pary in the USA. The only question in my mind is whether this was just stupidity on parade or an evil plot to increase the power and influence of the government I’d be willing to bet on stupidity if the media and schools were not also controlled by the same political party. And don’t get me wrong I sure that most of the people are just innocent players but they believed ideas to be true because they thought the leaders were pure but the leaders were not pure! ouch!
If these up coming elections are pure my hope is for a complete removal of the democrat party until they can rebuild a new group that is not bent on a ideology of anti-Americanism or whatever it is that’s wrong these people, anti-God?, anti-human?, something is wrong!
I have always wondered about the line between stupid and evil.
sorry to get political but the answer is really An over extention of credit
and why not the government promised to pay for it all!

Why hasnt it????

Corruption and the Monroe Doctrine.
About 50/50.

It is Gordon Brown’s statement yesterday to end tax heavens to deal with the economic crisis.

http://uk.news.yahoo.com/4/20090218/tuk-brown-calls-for-global-grand-bargain-dba1618.html

Oh, well it can’t really be THAT important.

try to go at this site http://en.wikipedia.org/ it’s help you a lot

Wall Street crash - world economic depression - hyperinflation in Germany - rise to power of Hitler - German expansionism - invasion of Poland - WW2.

A pretty direct causal relationship to me.

I fully understand the reason of the economic crisis that hit the USA in September 2008, and the roots of the problems which date back to the end of the 20th century.

My question is as follows: Why is the rest of the world affected by the crisis? I know that many foreign and multinational businesses operate within the USA, and those companies have been affected as well

But is this the only reason that many countries’ economies have been hit by this crisis?

Please give examples and references if possible

Thank you!

There are a lot of places in the world that rely on exports. The USA is a huge import market. When US citizens started buying less, the businesses in the US started importing a lot less. This caused lay-offs and reduced market values in companies outside of the United States.

I live in Western Canada, which, thankfully, has not been nearly as effected as much of the world. However, since we are so closely linked to the United States, our government almost forced us into recession by reducing interest rates to reduce our dollar so that our exports remained affordable to other countries. There has also been a reduced demand for many of our natural resources, causing layoffs in some of these industries.

Personally, I think it does fit into God’s plan for the last days, specifially to usher in the end of the age. The stage is being set for the Second Coming of Christ, who will set up HIs Kingdom which will last forever. Of course there is also the law of sowing and reaping, so our actions bring consequences, but above that, God is in control and He allows things for a reason (to fulfil His purposes). He can also cause things to happen if He wants to; after all, He is Omnipotent!