IS IT RIGHT TO BLAME AMERICA FOR THE WORLD FINANCIAL CRISIS 2008?

i mean all the countries now suffering due to the crisis have invested in america some way or the other. but it was their option to invest in america. they could have invested some where else, but they invested in america because they wanted maximum profit.

its a FACT that nations with minimum exposure to america suffers less!

SO WHY POINT FINGER AT AMERICA???

IS IT RIGHT TO BLAME AMERICA FOR THE WORLD FINANCIAL CRISIS 2008?You are right, it is not right.

This crisis is affecting the whole world, and the whole world contributed to it.

America is the most advanced country at present, so it starts there.

The world today is completely interconnected and interdependent.

And as the causes are related to everyone, so the solutions should involve everyone as well.

Simple superficial reaction from politicians, and financial institutions are not sufficient this time, all of us have to take responsibility for our future.

Here is a fantastic analysis of the current financial crisis, offering an insight into the root causes, and possible solutions:

http://www.laitman.com/2008/10/analysis-鈥?/a>

I hope it helps with your question.IS IT RIGHT TO BLAME AMERICA FOR THE WORLD FINANCIAL CRISIS 2008?
You are right, all this reflects the irreversible agony of Capitalism.This is an unstoppable world crisis,

We, Bolsheviks, are very happy.The door for us is again open.We are dancing on the street.This recession will be long and deep,our activists are ready to fermet unrest everywhere in the World.IS IT RIGHT TO BLAME AMERICA FOR THE WORLD FINANCIAL CRISIS 2008?No it is not.



People should be checking the securities of there investments in American and else where that is the real trouble behind alot of this.
No. China is the great enabler, feeding the junkie America. Saudi and their cheap oil. They are the ones.IS IT RIGHT TO BLAME AMERICA FOR THE WORLD FINANCIAL CRISIS 2008?I think the whole world financial system has to be blamed. It is a system based on greed, dealing by interest and not taking poor people needs in consideration.IS IT RIGHT TO BLAME AMERICA FOR THE WORLD FINANCIAL CRISIS 2008?
It is not correct. I have been listening to NPR long enough to know that in Europe people were taking out similar home loans and were in a similar shape to what people are in the United States.



With a more global economy, as major spending areas such as Europe and the United States cool down, so do the world economy.
The question you mean to ask is, "is it right to blame America solely and completely for this crisis", and the answer is probably no. Still, the number of corporations in America that were cooking the books, distorting the qualifications of those they gave loans to, government collaboration(Acorn, Fannie Mae, Freddy Mac, socialistic race-based policies) etc. certainly makes America the primary culprit. While it is true that some first world countries that I would consider to be lower class on the IQ and economic expectations list, i.e. Ireland, Spain, Norway had housing bubbles, they generally did not export their bad loans under the false guise of being good loans. It is true that good investment yields good results, and bad investment yields bad results, so who cares this is capitalism that's how it goes, but while this is axiomatically true, there was rampant greed and dishonesty going on, so it is probably not as simple as you have made it seem. America's standing as a good business investment, and as a moral country whose lead and economic paradigm other countries should follow has been severely damaged and for obvious and justifiable reasons. I think that sums it up rather adequately.IS IT RIGHT TO BLAME AMERICA FOR THE WORLD FINANCIAL CRISIS 2008?
Yes.



Other banking systems were at fault as well, but the main culprit were American banks lending money to people who were never going to repay mortgages.