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Wednesday, August 4, 2010
The global economic crisis that was first experienced in one of the most powerful countries in the world, the United States of America, sent danger flags all over the world especially to the Third World countries. The crisis affected a lot of industries and pushed a lot of businesses to declare bankruptcy. Economists and other experts even compared this economic downfall to the Great Depression that happened almost seven decades ago which also started in the USA and marked the day of October 29, 1929 as the Black Tuesday. And as it happened before, this crisis that struck the USA again had a domino effect and had a serious effect on everybody all throughout the world.

Summit meetings and other gatherings attended by leaders of countries representing different world flags are made to come up with a solution. But the problem seemed to have been blown out of proportion and became something so gigantic that it would really take a lot of time and effort from everybody before it dies a natural death.

But some people are still very optimistic. They hang on to the fact that people who lived through the Great Depression survived and were able to regain their lives back. And with all the technology that we have now and the brilliance of the people, some believe that this crisis will soon be over. Though it is always good to remain positive amidst the crisis but in the other hand we also have to be realistic and be proactive. If we can do something in our own little way, then that is a very good start.


by: The Flagman