Guess What?

Today the news : $ 2 Trillion Dollars of Loans Was Given by the Federal Reserve (US Central Bank) to companies and banks to bail them out. This is an amount not previously announced and it is additional to the $ 700 Billion Approved by Congress.

So, the total bill so far for the worst financial crisis since 1929 ( i dare those who disagree), is now as we know it :

$ 4.7 Trillion! 10 % of this money could have erdicated poverty in the third world! 10% of this money could have saved millions of childern from starving to death, or dying of thirst.


10% of this amount could have developed water resources for the countries around the world that suffer from shortage of water.

1% of this amount is more than enough to develop a New Green Economy that will save the world!

Just goes to show you how arrogance among so-called smart financial people can lead to waste of resources that otherwise could have helped the world grow rather than shrink. We could have saved the world from CO2 and from Global Warming if we took 10% of this financial loss.

How can someone justify this?

More News:

Circuit City Filed for Bankruptcy. A 60 years old company is now bankrupt.

General Motors the largest automaker in the world, is now saying it needs help ASAP or it will go bankrupt.

Starbucks net profit drops by 96% compared to last year. Closes down 600 outlets!
Circuit City Filed for Bankruptcy. A 60 years old company is now bankrupt.

General Motors the largest automaker in the world, is now saying it needs help ASAP or it will go bankrupt.

Starbucks net profit drops by 96% compared to last year. Closes down 600 outlets!

I am a doomsayer. I am reflecting the facts as they are. The world will suffer for few more months, more people will die of hunger while we save the financial institutions who started this. No problem.

I think the outcome of this problem will be a economy that is less leveraged and more sane financially.

I also see more young people working on green technology and buying green. I see a bhealthy future for Green Economy. Lets start now.