Wednesday, February 25, 2009

Doomsayer

The more I look at it, the more I think the heart attack has not started for the global economy. Enjoy while you can. Is there anywhere to run and hide? The crisis will soon spread from America to Europe and Middle East(It has already started actually). Then Asia will get infected. It will be a vicious cycle until everyone is in dispair and we have a emergence of a New world economy model. Is this the end of capitalism? 

Who is everyone pinning their hope on to save the world? What can Obama do with his country in great decline, every other big corporation is asking for help every now and then? The European Union is not much better off, internal squabblings and the demise of Eastern European economies will more than occupy the EU. Russia and the Middle East can't do anything while oil prices are so low. How about India, only be hopeful if you think everyone can be like the Slumdog Millionaire. Japan has yet to recover from the previous recessions. China? They can't even solve their own domestic problems and you expect them to save the world? At the moment, it is more likely that we have a few more Icelands and Zimbabwes than.. (Is there anywhere that is unaffected by the crisis, some remote Pacific Island or upcoming African economy?)

bbqchickenwings hate to say it but... Is this gonna be worse than the Great Depression? No astute leader will admit this for this will lead to fear-mongering but is it playing on some of their minds?

The world is going to collapse. Help help, the sky is falling!

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