Nowadays, US is struck by severe Financial Crisis which is caused by the paralysis in credit market translated into intense turmoil in the stock markets. But some sources said that the crisis is actually caused by a huge demand of fund to cost the war declared by US leader, Such as war in Iraq, Afghanistan, and Lebanon.
US President George W Bush invited all countries specially the most influential countries in ruling World dynamics of economy, to do everything possible to halt the biggest market disruption since the great depression.
“In an interconnected world, no nation will gain by driving down the fortunes of another," Bush said. "We are in this together. We will come through it together."
Above words seem to be funny when it’s yelled by Bush, if we remember his ‘independent opinion’ to invaded Iraq or other countries that wasn’t in line with his Ideology. Had he listened to the world and not gone alone to Iraq, Afghanistan or Lebanon?
Unfortunately the crisis is spreading out all around the world, including Indonesia. Rupiah has weakened since the last Friday where our president ordered to suspend Indonesia Stock Market and it lasted three days. Today $US 1 is still equal to more than IDR 10.000.
However, our government calmed down us by saying that we shouldn’t be panic because the crisis is still under control and it is definitely different to 1997 severe monetary crisis.
We hope that the Crisis will not strike our country any longer. If it happens to Bush’s ‘house’, it may teach Bush to taken down a peg. ;)
US President George W Bush invited all countries specially the most influential countries in ruling World dynamics of economy, to do everything possible to halt the biggest market disruption since the great depression.
“In an interconnected world, no nation will gain by driving down the fortunes of another," Bush said. "We are in this together. We will come through it together."
Above words seem to be funny when it’s yelled by Bush, if we remember his ‘independent opinion’ to invaded Iraq or other countries that wasn’t in line with his Ideology. Had he listened to the world and not gone alone to Iraq, Afghanistan or Lebanon?
Unfortunately the crisis is spreading out all around the world, including Indonesia. Rupiah has weakened since the last Friday where our president ordered to suspend Indonesia Stock Market and it lasted three days. Today $US 1 is still equal to more than IDR 10.000.
However, our government calmed down us by saying that we shouldn’t be panic because the crisis is still under control and it is definitely different to 1997 severe monetary crisis.
We hope that the Crisis will not strike our country any longer. If it happens to Bush’s ‘house’, it may teach Bush to taken down a peg. ;)
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