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Originally posted by ottozia
Like so many here, I have endured a cocktail of news feeds about financial crises, doomsday predictions, Euro crashing, Dollar sinking, pound following suit, etc etc.
I have read and viewed countless articals and videoes about how the whole system is flawed. You only have to take a basic straight line showing the nett worth of a single unit of any major currency over a period underpins that argument.
We are told growth is expected to come from investment, demand, which in-turn means more borrowing and more interest to kick start it off or keep it going.
So can someone more enlightened then me please explain in simple terms how this global crises will be solved, because it seems I must be over reacting as this issue seems only sufficient for 5-10 mins of daily news before moving onto to more important issues, such as what some celebrity has done, who has been nominated for the oscars and whats your over rated sports person has done.
Please provide your solution in numerical terms to show how your numbers add up and what you believe our debit will be in 10yrs and 20yrs, based upon what our governments are telling us.