Who destroyed world economy?

Who destroyed world economy?

  • Giant Banks

    Votes: 12 12.2%
  • Governments & politicians

    Votes: 45 45.9%
  • Giant investment companies & Hedge & Mutual funds

    Votes: 10 10.2%
  • Stock markets and Over-hyped real estates & commodities

    Votes: 3 3.1%
  • Billionaire investors and industrialists

    Votes: 2 2.0%
  • You (every people in the world)

    Votes: 26 26.5%

  • Total voters
    98
The Druish destroyed the world economy.

Damn Druish. Especially Druish American Princesses.

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Quote from libertad:

Rating Agencies....

Properly labeled....nobody would have bought them....

People bought what was marked "filet mignon"...

But it was really "mule"....

Looked like filet...though....

And just so everyone feels better....

The SAME Rating Agencies are doing more business today than ever.....and may get bailout money as well....

JUSTICE anyone ?
I totally agree.
Rating agencies gave triple A to trillions of toxic products, and paved the way for people behind them to carry out the biggest fraud of the century.
Moreover we know well that rating agencies have always been used as a political weapons against companies or entire countries.

So, actually the ultimate responsibility is of the people behind them, and behind the investment banks... it's always the same well known group of people, called "financial elite" that rules the world. Or, I should say, "rulED the world", since now they are so publicly exposed, that nobody trust them or their financial system anymore...
 
Quote from northstar:

Powerful - yes...

Oh yeah? He is like a dictator, yes? You got any source for that? I would love to find where exactly it states he singlehandedly makes decisions or even has any equity stake in the Federal Reserve where he can just do as he pleases. It is a corporation, after all.

Blind and Stupid - yes...

Appearances can be deceiving.

Even Ben Bernake has no clue.

No, I think it's you and the many who think like you who have no clue. Completely blinded by smokescreens, distracted by loud noises & pretty colors.
 
Quote from C6H12O6:


So, actually the ultimate responsibility is of the people behind them, and behind the investment banks... it's always the same well known group of people, called "financial elite" that rules the world. Or, I should say, "rulED the world", since now they are so publicly exposed, that nobody trust them or their financial system anymore...

Actually, everything is going according to plan.
 
Quote from talknet:

Now, Germany has suffered the biggest economic loss among European countries because Germany is a export-powerhouse.

Russia is also suffering high economic loss & Russia is angry with USA because of Georgia war.

Both Russia & Germany are dangerous and both have bitter memories of USA past history.

The situation in India & Pakistan is "highly serious" and it can explode into a full-scale war anytime.

Taleban & Al-Qaeda is always planning to strike USA & Europe in a bigger way than 9/11 attacks.

The on-going Israel-Palestine war is bringing Islamic world together.

So there is no guarantee whether the world will see December 31, 2009


Are you implying German may start another war? :p

http://www.guardian.co.uk/world/2008/mar/06/germany.armedforces?gusrc=rss&feed=networkfront

German soldiers are fat, unfit and too fond of cigarettes and stodgy food, according to a parliamentary report into the physical state of the army.

The report, an annual review of the state of the military, said Germany's soldiers were fatter than the average citizen - 40% are overweight, compared with 35% of civilians of the same age, while 8.5% are classed as "seriously overweight".

"It would be an enormous advantage on the battlefield if they shaped up," the defence ministry admitted yesterday.

The report, presented in Berlin by Reinhold Robbe, the parliamentary commissioner for the military, said soldiers, 70% of whom smoke, ate too much and did not move enough, either on or off duty. "This has much to do with poor equipment and lack of training," the report said. It added that bureaucracy got in the way of their physical fitness
 

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Quote from C6H12O6:

I totally agree.
Rating agencies gave triple A to trillions of toxic products, and paved the way for people behind them to carry out the biggest fraud of the century.
Moreover we know well that rating agencies have always been used as a political weapons against companies or entire countries.

So, actually the ultimate responsibility is of the people behind them, and behind the investment banks... it's always the same well known group of people, called "financial elite" that rules the world. Or, I should say, "rulED the world", since now they are so publicly exposed, that nobody trust them or their financial system anymore...

the financial elite are in the process of creating a new system where they will control you and all your assets.
 
Anaconda&zdreg, yes, may be.
But there's a huge difference between now and then: the financial elites are no more in the shadow, they lost their most valuable asset.

Rating agencies: who believes them anymore ?
Investment banks, they don't exists anymore: did they forecast their own death ? Who will believe now at their economic forecasts ?
Hedge funds industry: LOL :D

You are right, we common people don't have much power to fight the elites. But now everyone knows that they, and their institutions, are the last ones to listen to, when we have to allocate our assets.
Everyone, like you and me, now knows the FED, the IMF, the BIS, etc. This will be a completely different world.
 
I'll make an example: here in Italy, the central bank governor is Mr.Draghi, an ex-GoldmanSachs, like Paulson
http://en.wikipedia.org/wiki/Mario_Draghi

Last month, the italian minister of Finance, Mr.Tremonti, frontally attacked and publicly mocked him and his world, it was really humiliating and fun :D
"It's crazy to take lessons from people who have understood nothing, or understood a lot and got everything wrong," he said.
http://www.javno.com/en/economy/clanak.php?id=216507

Well, after that, NOBODY spoke in defense of the Goldman Sachs guy... LOL
This should be a clear message.

In Germany, where a politician called the hedge funds "locusts", where the government and Porsche set up the trap for the Volkswagen shorts, it could be even worse for them. At least here in the eurozone, I think and hope that the international financial elite won't have much room anymore.
 
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