Tuesday, May 3, 2011

Financial Crisis
Whenever your team is loosing its always good to point the finger to yourself and find the problem that's cousin you to be this way. The one to blame is are own habits and are self for being irresponsible knowing the consequence that are out their. By having more longer goals and standing strong for awhile and know whats good and bad for are financial well being. The best thing to is being slow but worrying and doing the job correct is helping are recession to be faster and better. Are government is telling the world to be better person in the way we live and save money and pay everything on time so it wont load on top of us. A easy way to win and continue are goals in life. By being more responsible in are life are financial crisis will stop and recession will speed up for the best is are answer.
The best argument is to be sure in what we spent in are life having what more important and leave everything else along. In “chapter 4” in Johnson,June Johnson write, “You have been reading news stories about the serious economic problems around the world. For example, in Iceland, whos financial insitutuions were linked to those in the United State, currency has been devalued, inflation has soared, salaries have dropped, unemployment has risen to 10 percent, retirement savings have shrunk by 25 percent, and Iceland has urgently sought aid from the International Monetary Fund and the European Union to hold up it crumbling economy. Meanwhile, as consumers in America and Europe have bought less, China's textile and apparel industry, centered in Shaoxing, has experienced a 33 to 88 percent cut in orders. This region's industry, which formerly employed surplus is facing threats of mass unemployment. You are wondering: How has the global economy been so vulnerable? What roles do the financial decisions of America consumers and Wall Street institutions play in the global economy”. #pg138 . This will be the issues of all people around the world fighting in saving money and not going broke. Blaming another person or banks for not helping them save money. By not having a right economy in there own life will bring others down. I person stability,credit,changes, and just being a bad inverter will keep your financial problems alive.
By avoiding financial crisis issues we need to be more independent for are self. Contacting the right people for help knowing what your getting yourself into. Having the right banks.mutual funds,bond,stocks,car loans,credit cards,mortgages, and using your money correctly. In chapter 4 June Johnson, writes “Many people fault average American for irresponsibly and wholeheartedly swallowing the growth model of the economy based on spending. These critics and worried citizens argue that now all taxpayers must pay for the ignorance,negligence, and unrealistic expectations of people who have foolishly run up huge credit card depths or let themselves be gulled into sub prime mortgages. Taking a different view,other sympathize with those who have been victim of greedy and unscrupulous business practice.”pg143. Having the right jobs and keeping them will be another answer for this global crisis. People being in the street or being unemployed wasting unnecessary money that they have made. Companies will increase for people will look for jobs needing help.
Financial crisis is a topic of all person will go through. It will take from your responsibility of paying your own bills. Struggling is a thing about life that you will find out and learn from it. Financial crisis will come from millionaire company having the same problem as a normal person will have. Not using there money correct and appropriate just loosing it. Globalization will change if citizen don't act better with there money and how they spend maybe prices will go up like the gas. The government will find out that people are getting to much money and not seeing any changes in there expense. We nee to make a stop and using money foolishly.

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