FINANCIAL CRISES

Abstract

It seems that all generations are sinful. This generation has also failed and allowed for the crisis to happen of debtors, banking, currency exchange, stock exchange and economy. It is obvious that we have become the victims of uncritical liberalism and globalisation without regulation. Greed for wealth has endangered (victimised) a feasible progress of the world. Instead of producing new, useful goods and services, the production has begun of worthless 'securities'. Millions of people have been lured into this scenario and the biggest deception of the civilisation has taken place. In order to heal the wounds, we need a new ideology to be trusted by people, and new technologies to create new products as well as the services in production of which new jobs will be generated. Also, a new energy is necessary to carry and bring into motion all this.

Keywords

• financial crisis, neo-liberalism crisis, debtor crisis, banking crisis, currency exchange crisis, stock exchange crisis, economic crisis.