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Recession

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Recession

Postby TalkingPoint » Thu Apr 23, 2009 8:06 am

Do you think people borrow too much money these days and buy too many things on credit?

Tell us what YOU think!
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Re: Recession

Postby langbam » Thu Apr 23, 2009 11:27 am

Shopping and other trading activities are commonly all over the world. It started from developed country and then developing ones are following. Using credit card help consumers on reduce time and other complicated things of using cash. Credit card likes virtual money, people feel more comfortable to carry with their wallet. In addition, people could borrow the bank directly by using credit card in case of there is not enough money in their account. Because of quickly, highly convenient in order to using credit card, people buy too much things without thinking. Money which people borrow as much as goods people buy.
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Re: Recession

Postby Tukanja » Thu Apr 23, 2009 9:23 pm

1. In my opinion banks do their business on the edge of the criminal activities for taking the customers in with their "products" such as credit lines, credit cards etc..
2. Minus on the credit cards should be forbidden what means that the credit cards should be called off once and forever and a new card established which should, if need be, substitute the cash and nothing else.
3. Customers are more irresponsible and stupid then it is possible to imagine.
4. Advertising of bank products should be forbidden too.
5. A bank in one country could be controlled by the state authority organisation but in the new global village it isn't possible so that banks do what they want to do.
6. Money from banks from the very rich countries which has been "invested" into undeveloped countries destroyed the undeveloped countries completely.(not the economy only but everything). Also the banks invested so much money into these undeveloped countries all over the world fighting for so called liberal capitalism that they became shy with money for their businesses in their own countries.
So the globalisation have eaten its own children.
7. Man kind must stay on the ball and think about all that has been done.

For example once upon a time and in the north of Canada, Alaska and similar teritorries there were some people who had a sledge and a few dogs and optionally a shack, hut or a little better house. With that property they were very satiesfied and nobody couldn't have moved them from those, for todays people, terrible life conditions. They wouldn't move south so as to find easier way for living for any money. Today's guys are not satiesfied with their limos if their's engines are not over 6000cc. And they get tired if they must get out of the car three times in just one hour just to release themselves of the pain in their backs.

What today's average man possess in his life?

A house? No!
A car? No!
A motorbike? No!

He has a credit line only and for his whole life!

Lucky ones!
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Re: Recession

Postby ibokh » Mon May 04, 2009 4:18 pm

In my opinion , in the developed countries many people borrow money from the bank .
However , credit card made people lives easy . but in any crises many people harmed . because they loan a lot of money from bank. eventually . they must pay to bank but there is no money .
thanks
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Re: Recession

Postby sweets » Fri May 15, 2009 5:31 pm

since money is easy to be on hand so it can used not only for needs but also for silly things to buy just becuse we like them for a momment

but let people in debt step by step without feeling with that
the real problem is borrowing become part of culture :shock:
دخلت حياتي كنسمة وخرجت منها كإعصار
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Re: Recession

Postby doxology » Sun May 24, 2009 10:02 am

yes, I think that . People nowadays are more easy going by any adds and feel strong stress upon their heads. So , as an escape from the real stance , they try to buy much more things over their demand which make them in need to borrow from others, depend on credit cards or even force them to commit a theift to fulfil their desires.

we should plan our needs and make a balanced budget to live independently and feel comfortably {-;
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Re: Recession

Postby bhavatmaj » Sat Jun 13, 2009 2:22 pm

Not now days. 2-5 years back they started this habit and now they are facing its consequences-" RECESSION". Now they have learned from their mistakes and they will recover from it in 1-2 years.
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Re: Recession

Postby jessicabrest » Wed Oct 26, 2011 9:10 am

many people require credit irresponsibly. There are exceptions, someone really needs it, but many have not. used for luxury goods, travel, while others for home or car. :-|
nekem nincs hitelem, kivárom amíg lesz pénz :roll:
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Re: Recession

Postby tandvictor » Tue Jan 17, 2012 3:22 am

That's the reason for the exist of the banks...!!!:))
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Re: Recession

Postby allison » Thu Jan 26, 2012 9:16 am

TalkingPoint wrote:Do you think people borrow too much money these days and buy too many things on credit?

Tell us what YOU think!


People just became smarter I guess. Greed became very obvious, then leads to distrust others.
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