Dec 05 2003

Causes Of Global Economic Crisis

Posted by admin in World Economics

causes of global economic crisis
what caused the Current Global Economic Crisis?

and how do get out of it …
why not just print more money
I believe it’s the greed of a few rather than everyone. WE (everyday working peope) didn’t cause the crisis – I think the expansion of capitalism had something to do with it.

Hey, we could just print more money if that was the true reason behind the Global Economic Crisis. Our leaders are already doing bailout money plans but they have given us zero results so far. Even the “leaders” of our countries sense that old tactics won’t work but they are running out of options. The interesting thing is that the leaders of our countries around the world including bankers, economists, and other such high profile figures begin to say more and more that the reason for the crisis is a distrust between people. Yet they have no global solution for the problem.

The global crisis we are experiencing in economy, as well as education, science, disease, breakdown of the family unit, threat of war, terror, etc. is caused by humanity’s egoistic relations between one another. Man is willing to exploit anyone at the cost of his personal gain. Our own egoism (inner intention to self benefit with no concern for others) is bringing us all the troubles/suffering in our lives, and the growing global crisis in the world. Humanity’s egoism in the world has now reached a global stage of growth. Globalization is being revealed everyday. We must understand globalization is not about money but it is the revelation that all of humanity is interconnected and dependent of one another like cells in a body. And for a body or a unit to operate optimally it has to follow the law of altruism. There are examples of this throughout nature except with man.

This means all parts of the body work to benefit the whole of the body. That’s how it maintains balance and stays healthy. Just like the way it works in the body you are in now. In humanity’s case the cells are individual people and humanity is the whole of the body. Imagine if the cells and the organs in your body behaved towards each other the way people behave in relation to one another. Sounds like some type of disease such as cancer.

Until humanity understands the true reason behind the crisis and implements an education/method on how to thrive in the global integral world we now live in, the crisis will continue to grow in many ways.

Instead we could see the crisis for what it really is, a springboard that unites mankind and brings us to higher and more valuable level of existence. The videos below explain more. Hope this answers your question…wish you well…Peace

http://www.youtube.com/watch?v=MQJNaCcmAoA

Economic Crisis causes Hunger in CAR


The Financial Crisis Inquiry Report, Authorized Edition: Final Report of the National Commission on the Causes of the Financial and Economic Crisis in the United States


The Financial Crisis Inquiry Report, Authorized Edition: Final Report of the National Commission on the Causes of the Financial and Economic Crisis in the United States


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Official Government Edition The definitive report on what caused America’s economic meltdown— and who was responsibleThe financial and economic crisis has touched the lives of millions of Americans who have lost their jobs and their homes, but many have little understanding of how it happened. Now, in this very accessible report, readers can get the facts. Formed in May 2009, the Financial Cris…

Bust: Greece, the Euro and the Sovereign Debt Crisis (Bloomberg (UK))


Bust: Greece, the Euro and the Sovereign Debt Crisis (Bloomberg (UK))


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In 2001, Greece saw its application for membership into the Eurozone accepted, and the country sat down to the greatest free lunch in economic history. However, the coming years of global economic prosperity would lead to unrestrained spending, cheap borrowing, and a failure to implement financial reform, leaving the country massively exposed to a financial crisis—which duly struck. In Bu…

The Great Financial Crisis: Causes and Consequences


The Great Financial Crisis: Causes and Consequences


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In the fall of 2008, the United States was plunged into a financial crisis more severe than any since the Great Depression. As banks collapsed and the state scrambled to organize one of the largest transfers of wealth in history, many—including economists and financial experts—were shocked by the speed at which events unfolded.In this new book, John Bellamy Foster and Fred Magdoff offer a bold…