DiscussWorldIssues - Socio-Economic Religion and Political Uncensored Debate - View Single Post - Shocking! Global Financial Crisis hit home !

**SantaGanstag** · 01-29-2009, 09:16 AM

A well-to-do friend of mine who used to post in the old SAM Forum attempted suicide on Chinese New Year after losing big in US and Australia stocks.

He also invested in Singapore bank stocks (MiniBond? Hi5?)

His wife left him some time ago to return to China. He just found another job (at 2/3 his former salary)

Scary.

We can talk about all these financial crisis as if it is someone else's problem. But it is not.

The British government will most likely default on its debt which will expand to 4x the GDP by end 2009. Its resonance will be felt throughout the OPEC countries and the emerging economies.

01-29-2009, 09:16 AM	#1
SantaGanstag Join Date Oct 2005 Posts 411 Senior Member	Shocking! Global Financial Crisis hit home ! A well-to-do friend of mine who used to post in the old SAM Forum attempted suicide on Chinese New Year after losing big in US and Australia stocks. He also invested in Singapore bank stocks (MiniBond? Hi5?) His wife left him some time ago to return to China. He just found another job (at 2/3 his former salary) Scary. We can talk about all these financial crisis as if it is someone else's problem. But it is not. The British government will most likely default on its debt which will expand to 4x the GDP by end 2009. Its resonance will be felt throughout the OPEC countries and the emerging economies.
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