Monday, January 23, 2012

So what is the EXACT problem to this financial crisis?

I'm going Irish with this one (probably apply to the States as well to some degree)



Total Exports of the Republic of Ireland - $128 billion f.o.b.

Total Imports of the Republic of Ireland - $90 billion f.o.b.



I'm seeing a near $40,000,000,000 profit here. So wtf is the problem? Somehow the government is spending more money than it's taking in, $400 million a week to be exact. How can the economy be going to tatters when the country still appears to be making money?So what is the EXACT problem to this financial crisis?
No Cash---- Credits moving around.....hmmmmm
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