Position:Home>Philosophy> Is the Credit Crunch a Wicked Lie?
Question: Is the Credit Crunch a Wicked Lie!?
Best Answer - Chosen by Asker:
Yes, of course!.Www@QuestionHome@Com
i don't think its a lie/conspiracy but i do think the media are making it much worse than it needs to be!. Its influencing the publics mind, the government are giving billions to uk banks but the media are preventing people from going out and spending money coz they think its a global economic disaster !. I really think there should be a ban on newstorys on the credit crunchWww@QuestionHome@Com
It technically is not a lie - there is definitely a credit crunch where banks are definitely not lending the way they used to!. But it might be an exaggeration to say this is Great Depression # 2!.!.!. if it was, most Starbucks would be closed right now and most retailers would be going out of business!.Www@QuestionHome@Com
No, it's an unplesant truth, and only half told!.
What is going to happen when we start to question whether the
Government can meet its debts!?
National debt in the Trillions, population in the Millions!.
How much per citizen!?
I haven't got it!. Have you!?Www@QuestionHome@Com
I agree with Carrie, the media can sometimes exaggerate!.
However, in the UK we are seeing signs of it as a reality!. Many people are losing their jobs and turning to pawn brokers to sell off their jewellery to pay for certain bills!.Www@QuestionHome@Com
I think it's exaggerated by the media because they love a good story!. I tried to book a Caribbean holiday through Virgin Holidays during half term in February but couldn't because they'd all sold out - tells you something doesn't it!.Www@QuestionHome@Com
Well considering the fact that the economical statistics released!.!. 2/3 days ago!? showed that the UK was officially in Recession, it's certainly not a wicked lie!.Www@QuestionHome@Com