GLOBAL FINANCIAL WHIRLPOOL September 26, 2008
Posted by frostygirl in Uncategorized.trackback
Have you ever studied a whirlpool? It is facinating to watch! It is a swirling body of water that moves rapidly in a vortex shape, moving downwards.
The global financial crisis can be illustrated as a “whirlpool” in that it feeds itself by pulling in massive funds from every source it can find and as the funds are “pulled” into the vortex it disappears rapidly into a seemingly never ending maelstrom.
Billions of dollars, trillions of yen, billions of pounds, billions of euro’s, etc. have been poured into the financial markets and it has not helped, now they want to use $700bn of USA taxpayers money to pump into this whirlpool and they do not know whether it will be sufficient. I can tell them…. it is not!
Nobody seems to know how bad the situation really is, it has taken decades to get into this mess and there will be no “quick fix”.
Greed has brought the world to the current financial crisis and many people will suffer because of it, stop feeding the global whirlpool it is going to suck you dry!
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Thank you for not automatically concluding that a bailout at the expense of the American taxpayers is a good idea. Everyone else in the world seems to be jumping to that conclusiion.