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Is the global economy really back from the brink of total collapse?
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Will the inevitable downturn/meltdown of the superheated emerging economies (e.g. Brazil etc.), together with the as yet struggling/fragile U.S. and EU economies, result in new and horrendous waves of global economic disasters to come?
Please elaborate!
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8 Answers
- Anonymous1 decade agoFavorite Answer
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Events are occurring just as they are. This the the "storm" before the calm".
Elaborate? . . . All occurrences that have and are going on are occurring right on "schedule".
....."Barn's burnt down. Now I can see the moon".
That all this can and is occurring and still there I faith, authentic Love? Yes. Not all see that, yet many do.
Brink of total collapse? Fine. It's time to "tear this structure down". Pleasant? No. Standing strong in faith, Love and Grace of the Light? Yes.
Quote from Bette Davis in movie 50 + years ago . . .Her line was said before an "interesting" and odd dinner party began...."Hold on, it's going to be a bumpy night (ride)".
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- phil8656Lv 71 decade ago
For a while. I would like to point out something that the entire world seems to have forgotten. Although there were many factors involved in creating the collapse. The trigger was the higher cost of oil by Saudi Arabia. Why doesn't anyone want to know why they did that? They did raise the price substantially on purpose. But was it for greed? or was it an actual terrorist act? I'd don't mean to sound like a conspiracy nut job. It was probably just greed and they had no idea what it would do. But why has everybody completely ignored that huge part of the collapse?
- Anonymous1 decade ago
Oh no! It's not even close to coming back. Now the PIGS countries (Portugal, Iceland, Greece, and Spain) are having to borrow money to keep their economies from collapsing. Their unemployment rates are near 30-percent. We may be past the worst part of the economic disaster, but we're nowhere near being through the woods yet.
Source(s): They're predicting it will take another year or two. - 1 decade ago
Hardly. The piper must be paid, and it will be expensive. The cost of socialism - living off of other people's money - is coming back to haunt Greece, Europe, and the United States. The next ten years will be marked by a painful loss of wealth.
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- titouLv 61 decade ago
Well, according to statistics I heard, the actual "Toxic Debt" of bad mortgages, bad paper, bad loans, bad hedge-funds, etc., etc. created by 'The Producers' with their master-plan is greater than the combined GNP of all the nations on earth.
So I guess the operative answer to your question is another question: "How often can you milk a cow without killing it?"
I'm sure the boys at Goldman-Sachs, Chase, Halliburton, et al would appreciate a pie chart on that one. I was going to say "Stem-Flow Diagram". But I guess that wouldn't be appreciated by the BP branch of the family. So Pie-Chart it is. That's P-R-O-G-R-E-S-S! Stop your whining. You're distracting our calculations and the copy editors...
Sound familiar?
Source(s): http://www.youtube.com/watch?v=ZGp0hCxSg98 - ?Lv 45 years ago
no its teetering, but will come back from the brink. Companies, banks business will have to tighten up a whole lot more before long, and its not before time.
- 1 decade ago
yah, like what happening in Greece, Euro, and European econimies that havin a big problem. umhh but I don't know in asia's economy..Like Singapore, Japan, S.Korea, Hongkong, Taiwan or asias four tigers looks the situation is not bad or havin a big problem.