Is this financial crisis even real?

This Financial crisis seem like nothing more then a natural correction in the market, due to over speculation that has been going on in the market for some time now and this correction is just being made worst by political games by both parties and media hype? What do you think is this "Financial Crisis 2008" real? Is this financial crisis even real?
I think there is a problem in the economy. However the media is hyping this problem in order to rally public opinion around the president that has already been chosen by the powers that be. Which is Obama. Just looking at this from a objective view point the public is being very manipulated and they don't even know it. Something much larger is happening with our society and the economy is just a small part of it.



edit: In my opinion we are moving towards a more socialized society. This country has been headed in that direction for a long time. But this current "crisis" will tip the scales in the direction of a socialist society. However, it seems to be the natural progression of all governments toward socialism.
Check your investment statements. It is all too real.Is this financial crisis even real?
It's real, because real people are really reacting to it. I don't know how bad it would get if people didn't panic.
If it is really a correction, then that is some serious crap. Because the market is now at the same level it was when Bush got into office. Can 8 years really be a correction? I seriously don't know.Is this financial crisis even real?
I would have to agree with you, however the whole mortgage mess has made this something different.



So I would have to say it is real, very real.
It's only as real as people make it out to be. You can choose to see this as the end of the world like some do, or you can just get smarter with your money and get on with your life as usual. It's a wake up call to be more financially responsible. I for one will never panic about this. I take accountability for myself and don't let fear take over my life.
It's very real. There is nothing natrual about it. Andit is without precedent in history.



But really, I do wish I could be there when you say "the financial crisis isn't real" to someone who has just lost their home, their job, or their retirement or kid's college education money. It would be really fun to watch what happens!
Call it what you want but people are loosing their life savings and retirement savings. So yes it is a crisis. The media isn't helping with their doom and gloom broadcast either. They are making people panic and that makes it worse.
Oh, it's real. It is a house of cards tumbling down. There are no assets to back the derivatives. There is too much bad debt clogging up the banks. The grand total so far has been calculated to be $55 Trillion, which even if every nation were to contribute there would be global inflation and depression. IOW, concepts have replaced actual intrinsic value in the markets -- we're trading air. The worst is yet to come.
What you are witnessing is a PANIC REACTION to the MESS that WALL STREET started (and why it's not considered criminal what they did I'll never know!)



Americans don't realize they are tied globally to all markets!!



The rest of the world is considering America BANKRUPT. They are pulling their money out, example Japans market dipped insanely yesterday as investors pulled out all their money for fear America would not be buying Japanese cars any more.



Like a pebble in a calm ocean you are witnessing the ripple effect.



Your government pumped all that money in to keep the financial institutes floating and functional (otherwise they would all be bankrupt too) but obviously people haven't bought into it (the confidence to trust in that move) and it will take time for them to calm down and trust that they aren't going to lose all their money if they pump it back into the markets.



This is virtually causing the SAME thing to happen in their countries to their banks as happened in the USA and the governments are all scrambling to prevent that from happening.



It's a worldwide crisis now make no mistake about that.



EDIT TO ZORRO:



With the entire world practically, WITHDRAWING their money, banks are broke...money is "out there" invested, but the stocks plummeted, so really there is no more money.



They have NOTHING to lend you. Your mortgages? They don't have the cash for it anymore. So they can call YOU in for your cash (take your house) but come on...do you want the army to come and evict every American from their home? Thing is this has spread and the big banks are trying to help the little ones.



I would say go back to the source...America...and start asking questions...LOTS of them...right there.



But NO DOUBT the dust will settle down the road...the little guys the losers, the big guys FILTHY rich after all this is said and done...THEN you can start talking about new world orders and conspiracies...cause the rich have just gotten richer and the poor are all poorer.
It is all too real to the people who have their retirement money in stocks. I was talking to a 73 yr old woman yesterday who has lost a lot already and is looking for a job. And this is the privatization that we were encouraged to put our retirements in? If this were a true free market, the bailed out institutions would have gone under like the small businesses do every day. The market is a game for the wealthy, not the people with no money to lose.
What Im seeing is the worlds largest banks buying up all the smaller banks while their shares are at an all time low. That smacks of mafia style marker buy ups to me. It does not bode well for anyone who uses money to survive.