Global Crisis

Mother Nature was always a decision-maker behind all actions of the Earth. When it rains, the size of the hail and the speed of the wind are under her control. But as it becomes the climate of the Earth, she is not the reason for that increase. We should be responsible for dramatically changing irregular weather patterns. Many environmentalists and meteorologists are worried about the speed with which this change occurs. Many people think that global warming is wrong This is a scam created by the government to manipulate the population and increase taxes.

The purpose of this paper is to analyze the current stage of the global crisis and how it behaves in Latin America. The global crisis was the most important capitalist crisis since the Second World War. This is a new type of debt crunch crisis characterized by securitization, highlighting the limits of financial-led storage systems. Latin American countries are not immune to the global crisis. As it restricts globalization, the impossibility to limit monetary policy and fiscal policy to maintain export-led accumulation becomes apparent. In this time, foreign markets in any country can not find a solution. This fact will force them to rearrange the production system and seek ways to integrate the domestic market and the regional space.

The current financial crisis originated in the US subprime mortgage market, but at the beginning it was transformed into a global financial crisis and ultimately it has already brought a great deal of damage to many countries. Many economies are the result of this crisis of recession, which is why the International Monetary Fund (IMF) grew by only 0.5% in 2009. Turkey has to overcome in 2001, a devastating economic crisis. In the spring of 2001, there was a national debate about domestic corruption between then Prime Minister Bulent Ejevit and President Ahmed Sezer Nejed, market and people lost confidence in the government. In addition to corruption, insufficient management, especially the problematic banking system, is the main factor of the criticism that ultimately led to the crisis. In the controversy between the two politicians, the stock market lost 18% of its value in just one day and lost more than a third in just a few days.

The most serious financial crisis in the modern age of 2008 paralyzed the world economy. This is the most serious global economic crisis since the Great Depression. By the beginning of 2009, worldwide banks' losses amounted to 3 trillion dollars, but equity market investors lost more than 30 trillion dollars. Ordinary people suffer a lot. They lost their homes, work, and livelihoods. Leaders and experts have not seen this. However, some people did it. There are large-scale gatherings around the world, but some think that this huge lie is the core of the economy. A small group of unnamed investors and failed investors defeats the failure of financial institutions and Wall Street to make a lifetime deal, which is their way of doing things.