Has the panic spread to other countries as much as in the US?

[kentuck]

How concerned are the other citizens of the world? I have read that Britain is in even worse condition than the US? But, what about countries like Germany, France, and Switzerland? How are they handling this crisis? Are they only depending on AIG to give them the money on the guaranteed credit defaults that they bought? Whatever happened to "caveat emptor" or "let the buyer beware"?

What would happen if we did not give those foreign banks US taxpayer dollars?? Would they refuse to loan us any more money? Then what would happen? How would we pay for our government? God forbid that we might have to cut our military budget or raise a dollar or two in taxes. Then what else might happen? They might refuse to buy any American goods. But, if they did all this things to us, it would not be in their own interests. And nations have interests, not friends. It's a very complicated world.

[Deja Q]

1. Some are more than others. And while I'm worried, what else can I do?

Except go back for more education.

As for other countries, didn't Iceland and Greece break down totally or something?

[dixiegrrrrl]

3. Iceland went bankrupt, but now says it is beginning to recover.

Just lowered interest rate from 18% to 17%.
They had massive inflation for awhile.
Now they report a trade surplus.
They nationalized the banks...that may have been the key.

[RB TexLa]

2. Not everyone feels they have to have economic growth every year or that they have to be number 1 in

whatever thing catches their attention at the moment the way we do. We just have to have something to chat "uuuuuuu, essssss, aaaaaa" over and over.

[nadinbrzezinski]

4. The US has not been number 1 in growth in a long time

that be China

[RB TexLa]

6. I was just commenting on how anytime something comes out where

someone other than the US is number in something in the world, people start saying "How come we ain't tha number one?" And that we HAVE to move into the number one spot on whatever it is.

Not saying we had the highest economic growth.

[nadinbrzezinski]

5. To answer your question Kentuck

this is a global crisis and it is affecting members of the G-20 at different levels

It is also throwing millions around the world into poverty

And yes, there is some panic involved

Like oh... 1929 or so

[kentuck]

7. What we are doing is not helping?

How do we know it is not hurting??

[nadinbrzezinski]

10. This massive intervention in the economy is not limited to the

states

What we are doing we know works from experience

It just takes time and people (at the policy level) realize this

In the US, best case, we will see a result by Sept...

Around the World's economy, by next year

What is worrisome though (from the POV of empire) is that countries are talking another reserve currency

That chance, if it happens, will make the heads of most americans spin

[kentuck]

13. But what if we have never experienced anything like this??

The only thing close may have been 1929? Do we really know what to do?

[nadinbrzezinski]

14. Yes, the reason 1929 was so bad is that

we did do nothing... here it is massive intervention

[kentuck]

16. But that is the question...

Is it enough?

[nadinbrzezinski]

17. Honestly, no...

We need to do much more, but politically you cannot do more

So if you want to pray

Fer the record, other countries are doing more per GNP, while a few are doing nothing

[Mojorabbit]

8. I think a lot of the eastern EU

countries are in desperate shape right now. I remember reading that Ukraine is all but bankrupt.
Civil unrest in a lot of countries.

[babylonsister]

9. Oh, yeah. Big time. nt

[kentuck]

11. We are in the middle of a class war...

And the sooner we understand that, the better. And we know who always wins that war, don't we? Always...

[nadinbrzezinski]

12. Not always....

but the wolves are usually able to do that... but not always

[JCMach1]

15. Even the Middle East is screwn... remember on that money you paid them for oil?

Well they leveraged that and future earnings to finance the present... No they are left endebted just like the rest of the world.