posted on Mar, 10 2010 @ 01:53 PM
Aristocrat2, you seem very aware of the economic outcomes.
Many countries around the world are in serious debt,
Iceland votes NOT to repay,
Maybe this will happen with
What happens next? How can the IMF enforce repayment?
The governments are in a difficult position.
If investors withdraw their cash from stocks and shares, where can it go?
with so much uncertainty, panic will ensue, shops hold limited stocks,soon would be emptied,not easily replaced,
New orleans or Haiti, are 2 examples of panic,very few people alive have had this sort of experience on a grand scale, and so its only the politicians
to turn to for guidence.
We are living in difficult times, but how can it be right for banks to get millions in bonuses and the poor living below poverty?
Is it doom and gloom? Things are costing more, so its either reduce spending or increase income, fingers crossed and hope for the best.