Monday, February 23, 2009

Global Economy Crisis

I would like to share with you a article which relates to global economy crisis. The title of article is 'Dr M: Stop banks from making money out of thin air'(Sunday February 22, 2009).

In my opinion, I'm agree that Dr M's solution to resolve the global financial crisis by reducing the lavish lifestyles and per capita income in rich countries and also advise that the governments have to control the banks from continuing to create money out of thin air and lend money to others to perform the manipulation of “money to make money.

This is because this will balancing the wealth between rich countries and the poor countries to prevent the poor countries getting poorer and poorer continuously. For instance, if poor countries are getting poorer then before, they are not able to import products that come from the rich countries. Indirectly, the rich countries also will not get revenue from the poor countries.

Finally, the rich countries will become poorer then before and the world continue to suffer the global economy crisis. That isn't a good result we need!

Sometimes..we must think of others and this can 'one stone hit two birds' as both will get the benefit.

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