It seems that everyone else except those in UMNO and journalists know what is happening around the world for the past week. The world is currently on the edge of facing a major crisis in the financial sector, which some say could be worst since the 1930s. Governments in European countries trying to inject more money into their banks, following the crisis that originates from the USA.

However all I am reading about on our newspapers is how much votes people are getting so that they can contest in their party elections and a “hot” controversy on giving a Datukship title to a popular Bollywood actor.

Hmmm I should’ve known there’s something wrong with this country when the government raised the petrol price days after the world oil price went up but needs a month to lower the price down when the world oil price slumped.

Anyway, if you’re like me, interested to know what sparks off the current financial crisis (which I’m sure will hit Malaysia soon), then I have a few links for you to go to. I don’t have a clear grasps on any of the banking/financial jargon so I was searching for some explanation on layman’s terms or “current financial crisis for dummies” if you will.

So I will share with what I found, hopefully you can get “enlightened” as well :)

Link 1: The Financial Crisis: Layman’s terms of how it all happened. (What started it all.)

Link 2: Financial Leverage Profit Engine Image (Makes sense if you understand the above).

The explanation doesn’t include all players, well cuz if it does, then it will not be so simple anymore. Anyway, at least you can grasp what is happening and why the banks are not trusting each other. I just hope the impact on Malaysia, and especially us will not be that hard.

You know anymore links, please let me know yeah? I hope our learned government administrators has something in their books to counter the effect when it hits Malaysia.

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