IMP pls help need to understand the link...Euro crisis pls pls..have to write a report?
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i have read about both of them separately and i understand them but in some of the articles..i felt that there is some link.. is there any link between the Us sub prime lending crisis of 2007-08 and Euro debt crisis of 2011?I mean any link? Pls any kind of help will be extremely appreciated..it s very very important help :)
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Answer:
what i post here, if you write in report you will be thrown out of community of "economists" since 1995, they all are involved in gambling called derivatives, of which sub-primes is a tiny issue in the corner, but they are pretending it was the major one. this is international gambling played by very very rich people making NBFIs who control many banks and also govenments. the book i read said, banks are at fault.....i do not agree.... after all who holds the stakes. they played future and option with their deposit and loan accounts with one another and govenments were kept in dark. George Soros is their peer.....and if you are regular user at Y!A ,you will find all americans are cursing him as communist because he made them poorer and they suspect he made some east european countries rich. It's not only euro crisis... the epidemic is all over the world except oil-rich gulf and non-gambling communists like russia and china. everyone else is waiting for his turn . Most shocking is, no government is banning derivatives .... shows they are completely controlled by gamblers. even Warren Buffet says.....derivatives is the easiest gamble and most effective way to lose money. the crisis is onus on governments because those corrupt rulers do not raise taxes and discipline the corporates and go on raising debts ( because economic advisors like our planning commission tell them corporate world is going to bring in more revenues ie economy is going to improve) to run the countries. Now, their economic performance is under lens and nobody wants to lend them money so, they cannot repay old debts.....that's the crisis. Little is known - the truth- that it's the same people who made them fake rich who will make them real poor.
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