War Of Economy

Economy has made countries to wage war against each other, the european and the american nations namely US UK Germany France Canada and many other nations as leaders of the world.

The fact is different, those nations are rich by making over utilization of resources in the Asian countries.

Scenario :

The deflated currency value and the availability of cheap abundant english speaking labor force has made those western nations to dominate the world.

Reversal :

The recent growth potentiality in the Asian countries has dragged the western world's economy to the record bottom.
The Freddie Mac and Fannie Mae, the 2 giant american housing leasehold agencies has incurred a loss crossing several billions. The housing crisis in UK is never-the-less same with its profits reaching new bottoms. The Lehman Brothers has incurred a record loss of 3.9 billion US dollars this quarter alone and has expected a further loss in the next quarter.

Retail, the major economy sector of UK is now facing a slump with soaring prices, bad economy condition and a bad weather conditions which has hit the UK's retail sector making Tesco to see a slight downturn in its sales, says British Retail Consortium.

The european and US economic downturn is still hazardous.

Few quick facts :

1.) US budget deficit has been hiked to 438 billion US dollars, reports Congressional Budget Office.
2.) Increased unemployment has become a tense for the politicians.
3.) UK's economy has seen a downfall of 0.2 %, with reduced exports.
4.) The German exports too have faced a fall by 1.7% in july itself.

Silver Lining :

As a contrast, the Asian and the African economies are in a positive rally.
A World Bank report has said that the Asian and the African economies are growing with new opportunities and will power.

These new opportunities are making the growing economies to be more strong by giving a stiff competition to the western world leaving them alone helpless someday in the near future.

Lets wait for such a beautiful day where India will be the world leader and a real superpower.