Financial crisis

When did this happen?
Where it all start?
What are the countries? What can we do? When will it last? Can we survive?

This is just a common question for all of us, Hoping that this crisis was just a bad dream and when we wake up " Poof " it was gone, Unfortunately this is not a dream and we have to strive hard in order to survive.

The crisis started in Thailand with the financial collapse of the Thai baht caused by the decision of the Thai government to float the baht, cutting its peg to the USD, after exhaustive efforts to support it in the face of a severe financial overextension that was in part real estate driven. At the time, Thailand had acquired a burden of foreign debt that made the country effectively bankrupt even before the collapse of its currency. As the crisis spread, most of Southeast Asia and Japan saw slumping currencies, devalued stock markets and other asset prices, and a precipitous rise in private debt.

- At first i thought crisis started in United states because not all american's have work and they don't know how pay their mortgage and housing loans, thats what i thought first but now i know that it all started in thailand -


Most of the countries are affected especially the "poor countries" but how about the countries that on war? like Afghanistan, iraq and israel? will they manage to get-up? especially now that we are facing crisis? The answer will depends on countries that are war if they manage to stop then there is a great chance but if the war continues then there will be no chance. Why dont they just help each other and then if they survive the crisis that way there will be less bloodshed.

This is just my personal suggestion:

1. Love your job, at this crisis you have to work hard that means don't be late, be on time, no absent, leave or excuses of course that differs when there is an emergency

2. Make your finances in good track

3. Don't be happy go lucky

4. We are all in this together! Don't think that your the only one suffering in fact most peoples suffer as much as you do so heads up!

5. Remember prayer is the most powerful of all. Don't forget him, for he will never abandoned you.

The financial crisis will probably not end until next year or even 2010, Germany's Handelsblatt newspaper quoted Morgan Stanley co-President Walid Chammah as saying in a preview of its Monday edition. - cnbc

Microsoft co-founder Bill Gates has predicted it will take up to 10 years to weather the current global economic storm. - freepublic

In my own opinion i think it depends on how we solved this crisis, also it depends on the respectful leaders of the country but most it depends on rich countries namely japan and united states. So no one will know when this crisis will last, but hopefully it will just be 1 - 2 years.

We can survive this crisis, don't think its the end of the world if some of your business has been closed or your pre need plans closed or even your bank. Somebody out there is suffering more than you but they never give up, show your courage.



Sources:
Wikepedia
Bussinesspondit