Monday, January 30, 2012

Would it really be that bad if we just let the looming financial crisis just happen?

I've just read from the BBC's financial guru that "don't worry, we won't go back to living in mud huts". What's wrong with living in mud huts? That would save the world's problems in one swoop.Would it really be that bad if we just let the looming financial crisis just happen?The market should be left alone without any intervention. If you see even with the news of bailing out the economy the DOW fell 500 points and it is continue to fall. I personally predict the market will continue to drop for a while until after elections. It will take some time to recuperate but just like everything that goes up must come down, everything that goes down must come up at some point. Hey I got no issues to going back to bartering days and living the simple life. Living simple is less stressful and I think people would be a whole lot healthier than sitting there worrying about what their stocks is going to do the next day. I would like to see doctors go out of business. :)Would it really be that bad if we just let the looming financial crisis just happen?Yes you are talking about financial collapse of some of the worlds most populous countries and their respective governments which would in a domino effect result in world disorder of unpresidented magnitude. As far as living in huts the envimental damage done will far exceed the benifits of replacing modern housing, the ecological damage would be unrepairable, Sanitation, food storage and disposal not to mention what it will do to the already depressed banking system

which our enconomy and the world's economy depend upon.

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