The global credit crisis

This is a nationwide issue

Affecting:

Broadcasting and Media, Building and Construction, Financial and Banking, Manufacturing, Real Estate, Shopping,

Over the past decade the amount of debt has exploded off of the back of a real estate boom. Now the bubble has burst and negative equity is breaking out all over the globe. This in return is leading to recession and depression and bank reluctance to provide even solid businesses the credit they need to operate.

What we're doing about it

0 Popular Solutions to this, 2 other possible solutions

Around here we don't just talk about issues, we come up with solutions and do something about it!

Solutions

Halve the debt

1 person supports this, addressing The global credit crisis

Money is created when it is borrowed. Money is then destroyed when it is paid back or when debt is written off. So if we were to collectively cancel a very large amount of debt - by way of a Jubilee - we would simply destroy a lot of money a great... see details

A Sense of Humour

0 people support this, addressing Recession and 5 other issues

New Zealanders traditionally have a hard time laughing at themselves. As new country, we don't take well to criticism or jokes at our expense. Perhaps it's because we're all a little insecure that, in spite of the LOTR mountains, beautiful bea... see details