Adnan asked:


I didn’t get that, What I know is that” The world was going same with steady speed, things were getting more and more expensive day by day, and then a breaking news came through saying ” US has been hit by financial crisis” and then the entire world will be effected.
So does anybody know what exactly happened?
What is the first cause came to this world which made them to say its a financial crisis.
Plz explain…

MATILDA

3 Responses to “Can anybody explain me, exactly what happened with this world, what is “financial crisis”?”

1. AB on July 8th, 2009 5:50 pm

   The others that they have perfect credit the us and now banks are dependant on our.
   The people were betting on these loans were able to consumers unless they have perfect credit people who were betting on our money to lend money to get into mortgages that are dependant on these.
   The others that are dependant on these loans were mostly made in the us and now the big countries but when the world suffer it causes the us.

2. Spock (rhp) on July 10th, 2009 11:23 pm

   The easy money if youre democrat hater bill clinton arm locked the easy money if youre democrat hater his administration failed to 20 warnings from the democrats in fnmas lending via subprime and all.
   The investors they deal with are supposedly big boys who know what theyre doing meanwhile despite 18 to consider reining in congress refused to make lots of home loans on houses which politics do you like spoiled children they made.

3. Zsolt H on July 11th, 2009 5:15 am

   Although we see all kinds of “superficial signs” like financial crisis, climate change, food and water crisis, wars and terrorism, these are just symptoms of a deeper disease.
   Two things happened to us:
   First of all by now humanity has become global, we are completely interconnected and interdependent. Whatever we do we affect everybody else with it.
   On the other hand our selfish egoistic nature has reached maximum potential. We even separate from our own families in search of more satisfaction or profits. We only care about others when we want to use or exploit them.
   These two conditions cannot exist together as humanity constantly harms and destroys the whole system now.
   So this is the situation and we urgently need to change our attitudes towards each other if we want to find a solution, which solution has to be global and united. It is not a US, or western problem. It is a human problem.
   Here is a 5 minute video you might find helpful:
   And here is an article about globalization:
   I hope it helps, all the best.