Friday, August 24, 2012

Economic Threats


There are always outside threats which can come from anywhere. Things like Terrorism, and terrorists with all of their terroristic acts and bombing buildings because they want more money for their oil and we cannot pay because we already owe them too many trillions of dollars. So if some of the ideas discussed here, or something similar to them, are not implemented soon, then the only alternative is to be the host country of a war. Maybe we should call it the war on terror, and get everybody scared of terrorists. We can demolish another old building, because it needed to be upgraded anyways and call it an act of war. Sound good? No, here’s the real story:
Alan Greenspan called the financial crisis of 2008 “a once in a century credit tsunami”, and referred to it as something that nobody could see coming (Greenspan, A., 2008). This caused many people who work in macroeconomic fields to take a different look at fiscal and monetary policies. The thing that is most troubling is that nobody claims to have seen this tsunami coming towards them. If you are not familiar with what a tsunami is, then just think of it as a big wall coming towards you, ready to destroy everything in its path and try to tell me you couldn’t see it coming.

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