Well said Vinito... is nice to see in words pretty much what ive been saying for years.
Here in Australia we have financial fear... each time a politician opens their mouth about "the worst financial crisis we wil face since the 30's".. business grinds to a halt.
Mention a carbon tax... business grinds to a halt.
It is true, that here we are very well placed to ride out the financial crisis without too much damage. Problem is that politicians like to dramatise... it makes them look more decisive they seem to think.... more stupid is the real impression.
Put financial fear into people and they stop spending... stop spendiong and business grinds to a halt.
We DIDNT have the credit collapse that USA did... but for some reason the banks have adjusted their loaning criteria to make it HARDER to access money... result?... cant get loans for houses... cant get invoice credits anymore etc etc etc.
Stop the flow of money and you halt business.
Stop the flow of money and business that relies on a certain amount of credit will take that credit from elsewhere... namely by stringing out suppliers etc.
Result? Money wheel stops turning... small business suffers.. goes broke.
Powewrful speech Vinito... thanks mate
