Tuesday, February 3, 2009

Top Ten Reasons For Global Recession

Topic Global recession ..reasons and impact on India

Answers were interesting … i would like to share them with the web world



1. Osama ( I meant obama) does not want outsourcing to India

2. Obama wants to keep all jobs for black Americans

3. Banks in usa gave huge loans to India and china which they could not repay

4. Iraq war has driven usa bankrupt

5. Usa has printed lots of fake currency without gold standards causing inflation

6. American banks gave lot of loans to citizens without paperwork and they defaulted

7. America has no black money to support its white economy

8. China has caused usa bankruptcy to be a superpower

9. There were no rains in usa this year causing food shortage and inflation ( this one I liked the best)

10. People in usa take home loans but spend them else where on good food and clothes.

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