If we look upon the current scenario all over the world, we have to agree that the entire global economy has been affected through this financial crisis. It may be considered the biggest event in world economy since the 2001 incident, or may be even bigger than that. The crisis may be considered to be a huge conspiracy against mankind, as it had its adverse effects in all sectors of human life, and did not spare any of them. Starting from the job sector to the retail business, everybody has been affected due to the financial crisis.

The condition is so bad that the companies do not have sufficient amounts to pay out their employees, for which they are being taken out of their jobs, on a frequent basis. Moreover, the new recruits to various institutions are stalled from joining, as the companies themselves do not have any idea of what grounds they are working on. The taxation has not been revised, but the possibility of having to pay out for the financial crisis may be there. Thus, companies may not wish to encounter any losses, as the funds released for the bailout would be indirectly taken up from taxes, if not now then later.

Leave alone the multinational companies, which are facing these problems; even the prices of the raw materials for the production house have gone down. This has forced the owners, to hold their stock back till the time hey are not paid an agreeable amount. The ripple effect has taken out the manufacturing industries, as they do not have the source of production. Indirectly the companies here also are suffering from the fall in the global stock market. Unless it is recovered, the slide may continue and mankind may face the worst crisis of all times.

The main platform of this crisis is related to investment, which has been stopped by the entities that were responsible for that matter. You could consider the situation of the banks, which were major investors in lifting the stock market. However, following the crisis that they have faced due to several reasons have forced them to curtail their ventures.

Even though the banks in America have been troubled along with groups like that of the AIG, it must be understood that they have a considerable tie up with the other similar institutions over the world. This has led to the ripple condition and requires other institutions to break the jinx, like the US sanctioning $700 billion to improve the current condition. If steps like that could be taken up, we can look forward to an improving scenario, than a steady downfall.
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mankind    indirectly    considered    production    forced    conspiracy    institutions    scenario

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