World Banking system collapsing.

[Flintlock]

Lets accept it that the system given by these great economists have started exposing. The recent collapse have exposed many flaws and shortcomings.:

The current crisis is the result of the normal economic downturn (which happens every decade or so, 1987, 1997) being exacerbated by a lot of irresponsible lending by banks to customers who didn't have the means to pay back their debt.
The whole thing spiraled out of control when these major investment banks didn't have enough liquid cash at hand to run their daily operations, which led them to declare bankruptcy.

There are a lot of theories about how the current situation arose and what steps should be taken to prevent such a collapse in the future, but none of those have anything to do with "zionism" or "islamic banking", or any theological basis.

I have a question we have not heard anything from China or countries like Malysia with regard to this meltdown.:

The Chinese economy is mostly based on manufacturing and China does not have a well-developed financial market unlike US and Europe, which is why they are insulated to some extent.

However, Chinese exports will definitely be hit by lower spending in the west.

The mitigating factor in China and India is strong domestic demand which is only predicted to increase further in the future.

 

[Ali.009]

The current crisis is the result of the normal economic downturn (which happens every decade or so, 1987, 1997) being exacerbated by a lot of irresponsible lending by banks to customers who didn't have the means to pay back their debt.
The whole thing spiraled out of control when these major investment banks didn't have enough liquid cash at hand to run their daily operations, which led them to declare bankruptcy.

There are a lot of theories about how the current situation arose and what steps should be taken to prevent such a collapse in the future, but none of those have anything to do with "zionism" or "islamic banking", or any theological basis.



The Chinese economy is mostly based on manufacturing and China does not have a well-developed financial market unlike US and Europe, which is why they are insulated to some extent.

However, Chinese exports will definitely be hit by lower spending in the west.

The mitigating factor in China and India is strong domestic demand which is only predicted to increase further in the future.

Yes and that is why every few months a major bank collaspe. Its time for you to stop preaching your fake economic system build on fake currency and fake interest based system, and really learn what economics is. The destruction is in-evitable, your fake optimism wont change the facts and ground reality what is happening around.

 

[Contrarian]

So why dont you change that? Why are you using an internet connection that you are paying for using this 'fake' currency? Change starts at home. Promise from now on that you will only use 'real' currency as opposed to the plastic cards and paper bills for everything.

P.S: I hope his net gets disconnected for non payment of bills soon!

 

[Flintlock]

Yes and that is why every few months a major bank collaspe. Its time for you to stop preaching your fake economic system build on fake currency and fake interest based system, and really learn what economics is. The destruction is in-evitable, your fake optimism wont change the facts and ground reality what is happening around.

If you say so Mr. Prophet!