The Credit Crunch explained

[MrMortgage1]

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[salahuddin786]

The Truth is Osama Bin Laden was the most single reason for the Destruction of Capitalism because 911 destroyed the Capitalist Model of the US Capitalism as the SUDDEN reduction of the Interest Rates at a MASSIVE Speed down to 1% saved the Economy but then the Iraq War and then the sudden rasing of Interest Rates and the Collective Actions of Russia,Saudia Arabia, Iran and Venezuela has destroyed the Zionist and Neo Con dreams forever. The End of the West's Power is nigh to move to the east

[capricornbloke]

US subprime collapse bill estimated at £472 billion The collapse of the subprime mortgage market in the US will cost the world economy

former chief economist of the World Bank and winner of the Nobel Prize in Economics, has stated the total costs of the Iraq War on the US economy will be three trillion dollars when counting the huge interest costs because combat is being financed with borrowed money ....still blame the public ?

[jaysteinbourg]

The Greek Empire - Alexander the Great, Egyptian Pharoahs,

Mongolian kings, Roman Empire, British Empire, Australia,

Turkish Empire and even the Church.

They Grabbed all that they could for as long as they could, motivated by greed and then they lost it all through that same greed that brought them so much power. Today, are we witnessing history repeat itself once more with the loosening of what was up until recently (2007) the really tight grip of the red white and blue Capitlist machine?

[londoniran]

the jews took everything!

[lukeatticus]

Ignorant Shit...and no..im not jewish

[ahalem]

londoniran - What a rabbish? do you know any Jew at all? They are not all rich - some shop with the rest of us at LIDL (in London)!!

[londoniran]

lehmann bros, goldman sachs, ceo of hbos, etc etc he he

[majorMcpharter]

World capitalism is long past its sell by date.Its time to dump this obsolete dog eat dog rat race into the trashbin of history.

[alexthong123]

but where does all the money go? surely there is someone that is gaining from this?

[LAGERL0UT]

China,Russia and Iran is where it all goes and if not those countrys there surrounding countrys..Were seeing a shift in wealth and power to the far east.We in the west think we are invincible and things will stay as they have been forever.This is how the dominant power in the world has always thought throughout history.Look back in history and its clear they have been proved wrong everytime.we need to wake up and smell the coffee.admit whats going on to ourselves and do something to counteract

[Joyriser]

Will you stop using the twee soundbyte "credit crunch" Its a full on depression where its going to be very difficult to borrow.This situation was created by the people regulating and running a theme park economy.Its not something that just happened overnight and its time that the people who lent like no tomorrow took responsibility.Its a joke that they even get bailed out because we need confidence in a corrupt system!

[jamessmedley82]

If a boy gets into a river with a fast moving current, will you let the boy die simply because he made a conscious choice to get into that river despite being aware of the danger, or will you save his soul? The punishment almost never fits the crime,humans always overkill.

[Joyriser]

Seriously what sort of anology is that? The banks are victims are they? We need to save their souls do we?

[jamessmedley82]

Yeah,probably a shitty analogy,but I've got my money tied up in British banking stock.

[Joyriser]

Yes fair enough. Im not having a personal go at you. This economy situation gets on my wick as it has all been based on debt and manipulated figures for decades.

[jamessmedley82]

Yeah,and thank God for Warren Buffett.

[smileyyeah]

so true it is July now, and 2 morgage companies go bust over night.

[moralesimages]

It is good, but a kind of distractive the background always moving.