What is the cause of the world wide economic recession?

Do we really think that housing prices in the United States can lead to an economic recession throughout the entire world? That seems too far fetched to possibly believe. How can one nation's derivative crisis affect all nations unless those nations are already together in the problem. Isn't this all just media hype? And why would they want us to think the economy is in a recession? Perhaps to distract us from the failed wars in the Middle East or the falling dollar crisis. Why would the entire world be in an economic recession and hype it up? Maybe to bring in a new world order? I know you don't have much say in politics, let alone world politics, but they wouldn't be spending billions of dollars on media propaganda if they didn't need public support. And although the majority of the public is in the dark about the real issues, and the elite use this ignorance to their advantage, you as an individual can at least educate yourself on the real causes of the economic recession, namely the fiat currency that is controlled by the central banks of all countries. The major currencies, such as the dollar, yen, franc, pound, and euro, are controlled by elite powers and even the stock market is regulated by hidden hands of the government. While capitalism in theory may not last forever, it is still the basis of how the world economy operates, and now is a crucial time to be educating yourself on what true capitalism is, instead of blaming capitalism for a problem that was caused by socialist engineering and jumping on the socialist boat with all the other countries in the world. Pretty soon, America is no longer going to be the hegemony in the world, because socialism does not allow that. America will be no greater than the other European countries. So for the sake of yourself and your children, educate yourself on what is really happening in the world by looking towards alternative media, alternative religions aside from the three main religions of Christianity, Islam, and Judaism, learn to be a productive and wealthy member of society by not burying yourself in debt and playing along with societies notion of what is official and what is authorized. And take pride in your virtuous characteristics, your ability to discriminate, and take pride in your race, no matter what it is. Remember that depression is a psychological disease and can not be cured by drugs.|||I think you are correct, the new world order is coming.





The only think we can do is not feed the beast. Question everything and live your life for yourself , not for other's ideas of what is the common good.|||Greed and corruption.|||Obama, the nut-case!|||Greed, greed, greed.|||Lawlessness of Company Executives.|||Well said Julian! As Rahm Emanuel said, "Never let a good crisis go to waste". They certainly are making good use of this one to promote socialism. Of course it never does work, does it. It will result in shared misery and they will look for someone to blame. As Margaret Thatcher once said, "The problem with socialism is that eventually you run out of other people's money".|||Let me state a few things.


1. Almost all new growth in the US economy was linked to real estate from 2002-2006. How did this happen? Hmm... The Fed lowered the interest rate to 1%. Ridiculous and they've done it again recently, and this time even closer to near zero. I can see another bubble coming up in a few years. To any idiot who yells greed, go get a life: that's how the market works and if you really think oil companies are gouging you, a roof exists - when you can't afford gas, you and others don't buy and they lower the price.


2. Now with the real estate crashing, there's no growth and the economy is shrinking.


3. The USA has the biggest trade deficit on the planet: it imports 5X what it exports. And guess what? All the exporting nations are getting hit and it becomes global.|||That is a easy question to answer its called: G.W Bush