Financial Crisis - again...?

Don't look at me, OP is the one saying several countries' economy is improving

Crisis... heh...

Fortunately, I do not live in Moscow.

I did not even feel the crisis of 2008. And will survive this one.

P.S.
And now I understand a little our active partnership with Germany. While everyone is blows away, they, perhaps that, a little rocking...

As long as the outrageous gas prices goes down i'l be ok

You all have touched on some of the reasons that this current "crisis" is happening and you all are in part correct. The "mistake" (but planned) made in 08 was the bailouts. Those organizations that were in trouble should have been allowed to fail. It would have forced reorganization of their respective corporations, cleaning up of their financial house (shrinking the overinflated salaries and packages of the management staffs) and re branding of the product, if there was one. Unfortunately the public was convinced that it would be doomsday for us all if that were to happen. BS! Things are worse now than they were then and this will happen again unless there are major changes made and it may take the people deciding they have had enough of feeding the prized cow the produces nothing. Anyone listening to Mr. Obama better go back and look at his past and what he did and didn't do while he was a state senator and his first term as senator and how he voted and his speeches. Lots of clues there. He is a socialist. He believes in a world order and it is not one where everyone gets along but one where only certain elitists are in charge (power) because they think they know better than anyone else.

But one needs to look even further back than 08. You need to look back to the Lay Energy bust which was followed by the Telcom bust lead by one Berny Ebbers, Dave Meyers and Scott Sullivan of WorldCom. They slowly took over small telcos until they got big enough to go after one of the big ones, MCI. MCI was in negotiations with British Telecom (BT) on a merger that would have been one of the first in the world that didn't negatively impact the employees. The reason, while MCI would have access to the market covered by BT for data products (which at the time MCI's were the best) and BT would have access to provide long distance coverage to the EU they each would have had to expand their workforces in those areas. One joint company providing worldwide communication for voice and data. Instead WorldCom (Berny & company) went to the top three in MCI and offered them an overinflated deal that was all stock. (the BT deal was cash and stock and not overinflated.) It was at that point that the founder of MCI, William G. McGowan must have been turning over in his grave to realize that he had turned the company over to the wrong three before he pasted away. He was about growing, not getting bought out. The top three took their stock and ran, and I do mean ran. Within 6 months of the merger close they had dumped their stock on the market, got their 3 digit millions for it and left the company which now was known as MCIWorldcom. Less than a year later the name was changed again, the stock had plummeted and company 401Ks had shrunk to nothing and a few months later or two years after the merger, the company was gone, bankruptcy failed because by then the Ebbers and company were found out to be criminals and are now in prison. The other part of the story; well one of the big stock houses that was involved in the mess in 08, was at the bottom of the Worldcom mess as well. But instead of dealing with them then, they got a slap on the wrist from the govt. So they figured they could do it again, and you have 08!

This has all played right into the hands of the "single world order" folks like Mr Soros. The liberal media loves him but pull the current back and see what is really there.

Down with the Banksters

Country --- % of GDP(CIA and Eurostat)- Date - % of GDP (IMF) - Date - Region
Greece 165.3 2011 est. 160.81 2011 Europe
Italy 120.9 2011 120.11 2011 Europe
Portugal 108.5 2011 106.79 2011 Europe
Ireland 108.4 2011 104.95 2011 Europe
Iceland 130.1 2011 est. 99.19 2011 Europe
Belgium 98.7 2011 98.51 2011 Europe
France 86.5 2011 86.26 2011 Europe
United Kingdom 85.7 2011 82.50 2011 Europe
Germany 82.0 2011 81.51 2011 Europe
Hungary 80.6 2011 80.45 2011 Europe
Austria 72.9 2011 72.20 2011 Europe
Cyprus 72.4 2011 71.84 2011 Europe
Malta 73.0 2011 70.94 2011 Europe
Spain 69.3 2011 68.47 2011 Europe
Netherlands 65.9 2011 66.23 2011 Europe
Belarus 50.24 2011 Europe
Norway 48.9 2010 est. 49.61 2011 Europe
Switzerland 38.7 2010 est. 48.65 2011 Europe
Finland 49.3 2011 48.56 2011 Europe
Serbia 39.5 2010 est. 47.89 2011 Europe
Slovenia 48.5 2011 47.31 2011 Europe
Denmark 46.5 2011 46.43 2011 Europe
Montenegro 38.0 2006 45.83 2011 Europe
Croatia 58.0 2010 est. 45.57 2011 Europe
etc

What is with all these "public debts"... GDP as "gross domestic product" most countries are like sold out, including Germany. Spain has the lowest debt of the main EU countries, not next to Greece or Italy.

All the good info is in the first 5 mins... and maybe by the ending, but I don't have time atm to watch it.

Quote from /V\ichael

All the good info is in the first 5 mins...

no the good part about the rest of the world starts at 16:00 everything before is just explaining whats we already know.

and you should see the part at 25:52-27:43 and maybe you learn something about yourself.