Headline April 14,2012/ The world needs more thinking

THE WORLD 

NEEDS MORE 

THINKING

Respectful Dedication U2 Bono

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U2 Bono

The kiss of debt has turned into a line of ugliness! The stats, dear readers are equally entertaining and equally terrifying!!? And Michael Lewis wrote this sterling book : Moneyball, as he hoovered flash point to flash point in the global financial spectrum to awe and rage how this avalanche of cheap credit from 2002-08 turned the world into a dark room time bomb and the gorging mis.

Directed nations were asked to take their pile of the cut and run with it. This affected each one of us!? Now stop and hear this: The Irish Economy had a bellyache and the country was effectively insolvent. Germany's IKB Bank lost 15billion dollars in a senseless U.S. Subprime loans!!??? Greece went insane and then depressive. A working Greek's average share of the national debt : 25,000 U.S dollars. Believe this or check it out!!

Now let me get you to laugh all this of, with this description from one reputed writer, 'imagine you have a dog and i have a at. You sell me the dog for a billion and I sell you the cat for a billion. Now we are no longer pet powners but icelandic banks, with a billion dollars in new assets!!" Hahaha! Incredible! And in recent years, the world has warily eyed China as a rising economic juggernaut with every potential to eclipse America. China is now the world's fastest growing consumer, biggest exporter "THE TOP FOREIGN OWNER OF AMERICAN DEBT!!" And Beijing has lifted over 300 million out of poverty and provided internet access to more people than the entire population of the U.S!!! And , and during the financial crises, Premier Xi Jinping, once spoke some unvarnished truth about the state of affairs:

"Some foreigners with full bllies and nothing better to do engage in finger pointing at us.China does not export famine and poverty, and it does not mess around with you. So what else is there to say!!" Your excellency, that is true!!

Thanks to !WOW!

Goodnight and God bless all! And don't forget to share the post wit the whole world!!

SAM Daily Times- the Voice of the Voiceless.