Saturday, February 7, 2009

Mending the Current Ailing World Economy

Everything that we know of has a cycle. The only good news that we can all look forward to is that good times are coming but as to when and how no one knows. And, unfortunately by that time many would have lost their means and status financially. Job layoffs, corporate restructuring, bloated cost of essentials, climbing cost of production and the like of such will be a norm.

In such times, the World needs to come together effectively to combat and overcome the difficulties of the economic meltdown so that the effects and negative backspin can be shortened. As in all situations there are positive and negative aspects in such troubled times. The weak shall perish whereas opportunists will prosper. A global action to pump reserved resources into the ailing economy is required. The world if united can share its wealth; without it will only prolong the torture.

Everything we can make sure of must be done so that this severe recession we are all facing does not worsen further. Only a handful of individuals will see this truth and unless global action is taken together, not the individual actions of separate nations, the world economy is doomed to collapse further. Like history repeats itself, people are selfish and narrow minded seeing only within the confines of their puny kingdom - some worse than others and shall only further line their own coffers for their immediate wealth.

An inflated cost or price must see a reduction so that the crisis is regulated and drained of its impetus. The world lacks a leader that is able to unite it for the common good.

It is time for the world to act as one.

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