Thread: Economic Crisis

How you probably know our planet was hit by a economic crisis.
A lot big companies had, and most of them still have, serious problems and a lot small companies had their end (bankruptcy) also many banks from around the world had their end to ...
Many countries like Romania, Italy, Germany, Portugal, Uk, Greece, etc had a economic decline and many of them still having big problems.




Some are saying that crisis just come....but are voices witch talk abut BIG BOYS(Bildenberg Group and others)

Your opinion about this?!?!?!?

I assume your talking about the Bilderberg group, last time I made a thread about this no-one had any idea what I was talking about. Bit of a shame. Anyway, I don't exactly understand what your question is... are you insinuating the Bilderberg group played a role in the current global economic situation?

I highly doubt they had anything to do with it, at least not intentionally. If a group like this does anything, they do it in order to gain something, either for themselves or the country/business they represent. I just don't see what anyone had to gain from the economic crisis, especially given that a good number of Bilderburgers are from the financial industry.

My view is that the people who went into the financial industry over the past decade were much smarter than in previous years, and they made the industry much more complex than it had previously been. They started twisting the data around to create vehicles that made bad investments look like good ones. This caused people to start trading in things they really didn't understand, and looking for more ways to twist the data around to make money. They were too smart for their own good.

This article by the NY Times sums up my view perfectly:
http://www.nytimes.com/2009/10/14/op...llin.html?_r=1

My question was what is your opinion abut the crises. How do you think is started ?
And yes Dan i`m pretty sure that Bilderberg have a connection with crises but not just them
(I`ve seen Zeitgeist, all that Open Eyes movies, Illuminat series and read books like"Confessions of a economic assasin".....I like to know in what world i live.

From my understanding all of these companies were trading equities and currency floating money around. Most people don't understand that the economy is not something readily controlled. Warren Buffet warned the world of this in advance and advised that trading equities and currency is not the right thing to do and will cause ballooning and eventually a crash. If you look at the big insurance companies you will see that Geico owned by Mr.Buffet did not require a bailout and did not even approach bankruptcy. The lesson in all of this is don't use money you don't have. In icelands case the banks theoretically had 3 times the GDP of the entire country which should not have the bank should not have more money than the country is worth. The economy will fix itself in due time we should take this as a lesson and not borrow what we cannot afford.

wow, great reply, ma bro is in Finance & Economics stuff, but I do not even know the abc of these stuff, anyways I think if the rich people lessen their greed of storing their money in their vaults, instead, they give'em to poor people no crises is going to occur.

I think that all economic crisis are fueled by cruel and greedy interests, mainly because all 7 billion people need to subsist is available, therefore being poor just means you do not have access to subsist for x reason created by the dominating class. Economic crisis in a capitalist economy will always come around, its one of the reasons it exists because in the end someone ends up "owning" the world and eveyone else will be in his debt if you look at this from an alien perspective its nonsense.

We are at the mercy of those who control armies and economies, therefore an economic crisis only means that many of the world's riches change hands, its not lost, its just only available to the greedy group that started this "crisis".

Some of the documents coming out of the economic meltdown have been ridiculous. I'm really offended by risk modeling used by consultants to assess complex margined assets. Basically, pages and pages of math rationalizing the taking of ridiculous risks.