What needs to be done to solve the Credit Crisis ??

[Cheekg98]

many measures implemented :

- $700bn bailout plans

- Central banks feeding $$$ to boost liquidity

- Banks nationalisation

- Central banks coordinated effort to cut rates

 

 

But NONE seems to work

 

what do you think should be done ?

[Sfhuang]

My view: don't do anything, let the market fix itself.

 

Natural medicine works better ...

[Cheekg98]

so you mean the medicine, TIME

[Roborovskii]

Barter trade. No more credit no more crisis

Or just blast everything to smithereens (WWIII)

 

Honestly, no idea. Don't know if anyone knows or can work out a solution either. Yes right now TIME and nature seems to be the best bet, but surely there would be countless casualties. Now lemme go plant some kangkong... they're easy to grow.

[Sfhuang]

Now lemme go plant some kangkong... they're easy to grow.

 

You're so lucky! Got land to plant kangkong some more.

[Freestylers09]

Bro,if we know,we wont be here liao lor...

[Roborovskii]

Pots outside in the corridor

[Sfhuang]

[Cheekg98]

you can still save MONEY $$$ ... rough ride ahead

[Cheekg98]

Maybe some major events that can divert people's attention from the financial crisis ?

[Silver_blade]

many measures implemented :

- $700bn bailout plans

- Central banks feeding $$$ to boost liquidity

- Banks nationalisation

- Central banks coordinated effort to cut rates

 

 

But NONE seems to work

 

what do you think should be done ?

It should work if all countries and all the richest men in the world get together, put their differences and interest aside and work to solve the problem. But that will not happen. Edited October 10, 2008 by Silver_blade

[Roborovskii]

Smoke screen and diversion... but problem still there

This coming TOTO 3mil? Although that will not solve the crisis, but it sure would solve it for ME

[Mrlau]

Close the stock market for few days ?

 

Restrict currency flow ?

[Yoongf]

All we need is for that group of bankers sitting at the poker table to call back to their credit depts and say..." It's ok to lend now hor, and dun worry about risk premium lah".

[Cheekg98]

how many days to close if there's no proper solution ?

[Cheekg98]

maybe all central banks to buy shares to support market and later set up unit trust when market has stabilised ...

[Boyboy]

there is a man called the Antichrist.

 

should solve all the problem the world has

 

http://en.wikipedia.org/wiki/Antichrist

 

rather long article, but just for the uninitiated. btw i dun think barak obama is tok kong enuff to be the antichrist. but wait and see what he does if he comes to power

[Whitecvt]

many measures implemented :

- $700bn bailout plans

- Central banks feeding $$$ to boost liquidity

- Banks nationalisation

- Central banks coordinated effort to cut rates

 

 

But NONE seems to work

 

what do you think should be done ?

 

take that $700bn.... distribute to the low to mid income people.

They are the key engine to this economy...

 

imagine, if WE were given a bulk of money (say... 1 million each)..... you would be tempted to go out and spend more right?

buy more = business better, business better = higher demand for production, higher production and better business = banks richer, banks richer = give loans easier, easier loans = more $$ for us to spend more, and so on...... this economy will self-heal.

all income groups, low-middle-high, get a boost in spending power which will see cash going to settling loans, buying more essentials or luxuries.. etc

 

won't this be money well spent? better than knowing that taxpayers 700bn goes to executives with SUPER FAT pay checks and Spa retreats when the company is supposed to be bankrupt :)

 

Think abt it ... so WHAT if companies fail? we have seen it in the telco industry gloom previously... all the companies that survived came out stronger and alot more wise with their budgets.

 

also, it makes the general public feel better abt everything... not losing confidence in the economy

Edited October 10, 2008 by Whitecvt