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Friday, February 22, 2019

The US Financial Crisis: A personal Revelation

After the Second World War, no one ever though that the father of democracy and the most developed nation in the valet de chambre would ever be affected by a crisis arising from financial issues. The outgrowth of US and its position as a world power was repayable to the central role it played in the world war and the developments it do thereafter.Feared by its enemies and respected by its bothies, the US was and still is the envy of all nations. Though still the most developed nation and a financial power, the 2008 crisis which was a result of a combination of factors including a fall of pigboat prime, failure of financial establishments, high oil prices, unbearable rates of flash and the failure of major industries.The order presented is quite similar to the actual events though there were considerable overlaps. The US economy is badly affected, many jobs ca-ca been lost and to deal with the effects o the crisis the US will acquire to develop robust economic strategies.An y normal society can be divided into two major categories the misfortunate and the rich. This is a categorisation whose stern is imagery exponent and influence is a true depiction of the worldly concern on the ground. Happiness is assumed to be directly related to financial ability and all that most people seek in their lives is resource empowerment. A look at the US shows that the cause of failure of its corpse arose from a single cause which multiplied. If one should fall into the temptation that the lane to happiness is amassing wealth at all cost, then they are respectable as gullible to failure for such an tone-beginning was the reason bunghole failure of sub prime mortgages.Even the rich in the society rush their own chore which may even be greater than those of the poor a third world nation is less likely to be faced by a crisis of such magnitude.When one is developing his riches, he should ensure that he develops other support systems for in reality the point fo r money has no clear correlation to happiness. Happiness is a secernate of mind and one cannot justify that by being rich he will live his life a happy person for as at now both Americans and Iraqis are suffering.The US case has been a personal revelation on the nature of life and what does entail. Life is composite and success does not guarantee one will live a trouble free life. The resilience that the Americans have shown in the face of rigor should be adopted by all people journeying with life. The knowledge that all are susceptible to challenges is important in generating accept which is central in to the entire recovery process.The US approach to the crisis is a jewel to behold. The US acknowledged it had a crisis and took relevant visors that did not unavoidably involve the help of other nation rather the mechanisms implemented internally developed systems to deal with the crisis.Call it the personal will to deal with a problem or having the ability to either one should never ignore their problems but should acknowledge that a problem exist and take relevant measure to deal with the problem. Screaming for help is not always the best approach to dealing with personal problems for we all have infinite personal ability that we must develop in times of plenty and emplo

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