Everyone knows the world is facing an economic crisis unlike any before it. What is uncertain is the extent of the crisis and the length of time it would take to recover and return to some sense of normality. Some people suggest the crisis is an all to obvious fact, while others consider it to be a fantasy. Fact or fantasy people are facing financial hardship and homelessness. Banks are repossessing homes both in Australia and overseas as families find it harder to make their mortgage repayments. The media broadcasts stories from every possible angle imagineable; however, what they often forget to mention is where is where the money came from in the first place. Sceptics consider the projected figures by the business community to be astonishing, particularly as the business world convinced itself and they public they really lost such vast wealth. It is highly likely that the so called wealth never existed making it
impossible to lose.
It is difficult to believe the figures, suggesting they are a fantasy. I argue that the financial experts are either deluding themselves, and, or , they are deliberately miss leading the wider community for their own gain. Any one with basic financial knowlege knows that money doesn't magically disappear. Nor does it reappear at will. Even if the sceptics are right and the global economic crisis is a fantasy, there is no denying that people in both rich and poor countries are struggling to survive. They (the sceptics) do have a point. Monney either exists or it doesn't. If it doesn't then the crisis is either a fantasy or there is some other logical explaination for it.
In conclusion whether the global economic crisis is a fact or fantasy, people are facing hardship and homelessness as people banks repossess homes world wide. Nobody knows how long it will take to recover from the current economic crisis and return to some sense of normality.
