Tuesday, January 22, 2008


The upcoming recession in America may become, a worldwide depression if the worldwide financial markets keep falling everyday. The recession is mainly, caused by th sub-prime loan failure in America and the companies who gave out these risky loans such as Countrywide and Brokrage firms like Merril Lynch. The recession is also caused by the by the weak dollar and the high deficts that the United States government has accrued around the world for several decades. Therefore, if you see these things happen then there will be a worldwide recession. First if the OPEC countries stop using American dollars in exchange for oil and start using Euro-Dollars for every country to pay for there oil. If this happens the dollar will drop even more and cause a huge increase in inflaion in America and around the world. Secondly, watch the bond market if the bond market collapses then there will be a lot of money taken out of the American markets and invested in the sotheast Asia. Therfore, you can expect a several "Black Fridays" on the stock market this year because, of the uncertainty of the American finanical markets. This is going to be a long hard ride for the American people for the next couple of years until the natural market forces of the economy brings some stability back to the Financial markets. Therefore, I am asking my bloggers do you think that there will be a world-wide recession in the upcoming year. There will be be some sugesstions in my next atricle on how we can stop this world-wide recession.


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  2. From this "worm's eye view" there is bound to be a global downturn. The US carries so much weight in the game, and has been making every wrong decision for so long (with the European community keeping step or sometimes calling it!), that the US/EEC virtually is the picture, and the picture is painted much too dark.

    Stopgap fixes have been all that has been offered: adjusting the prime, etc., while moral decisions such as capping consumer rates has been seen as a violation of certain "basic principles" such as greed and privilege. The one, real and fundamental, fix has to be a recognition of the Eternal God and His principles of mercy and justice. This world, whether the ecology or the economy, is not ours, and neither do we belong, ultimately, to it. "It is He that has made us, and not we ourselves," and "it is He that gives us the ability to get wealth." He sees how we get ourselves paid, and He sees what it costs, and who does the paying. And He does keep score, and even the score. I think it is far better to even things up voluntarily, don't you?

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  4. The total fiscal gap between programs in
    future where money is
    promised as well as debt
    you get to a shortfall of
    65 trillion dollars. Yes
    you read the figure right!
    Spending has to be cut
    drastically and income (
    yes that means taxes)
    have to be increased.
    Continuing to borrow
    at rate of 4 billion a day
    will get you nowhere.
    There has never been
    a nation on earth that has borrowed it's way
    to prosperity and the USA will not be the first

  5. bb, I'm not economist, but I have heard studies quoted showing that years in which taxes were cut yielded a higher net from taxes due to the increased Money Supply leading to a more robust economy, higher private sector profits, and higher real employment ($15/hr construction rather than $5/hr temp work, for instance). The only thing higher taxes accomplish is a higher rate of "clientisation" as more people become dependent on Government, and Government necessarily increases its own ranks (and power) to meet the "demand."

    In short, higher taxes cost the government money, but they gain in bureaucratic power over the "citizens."