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Originally posted by starchild10
One view might be that it was US which started this whole thing off back in 2008. But American memories seem not to go back that far.... That said, it was always a global problem. Banks and businesses globally trade with each other. We are all in the sh*t together. You need to forget any notion of you being the good guys helping out those less fortunate. American doesn't do anything unless it is in it's interests. Briefly it impacts Europe if US goes down the pan and vice versa. That's why co-ordinated action has been taken. Kicking the can down the road a little longer.
edit on 1-12-2011 by starchild10 because: (no reason given)
Originally posted by yourboycal2
ripple effect . If SHTF there ...
Then it will hit the fan in America . Everyone is trying to protect whats in their best intrests. They are trying to calm the situation and get growth going again , Its very fragile right now and any defaults on countrys there will trickle a big economic melt down.