All this is created by the west and we follow them because many are willing to go after anything that is western and sophisticated. All warning to link the value with company performance were ignored. Finally, when foreign investors repeatedly sold their shares, prices of shares plummeted. They made profits from such sale because they had bought them at low price. Through shortselling they were able to make huge profits.
When the price of our shares dropped, our debts exceeded the value of our shares pledged. Banks then pressured borrowers to increase their margins. But shareholders and companies were no longer able to do so. So the banks have to sell shares which were pledged and this further caused the value of the shares to fall. Bank no longer lent money because debts had become bad. The business of these companies deteriorated and finally losses were incurred. Government taxes will definitely decrease, making it difficult to pay administration cost.
What we should note is that when businessman and big entrepreneurs are faced with problems, we the small-times face problems eventually; in fact the whole nation will suffer. It is from the profits of big companies that we are able to obtain taxes for the nation’s expenditure. As such we should not be influenced by the Opposition’s jubilation when big companies are faced with problems. Their problem is also our problem. It is not wise to incite hatred and envy towards those having problem. We should understand because whether we are successful or not in our effort to overcome the economic crisis will depend on how much we understand the problem we are facing. Not understanding what exactly attacked us is equivalent to begin blind and not knowing exactly the source of the attack. People who do not know what exactly attacked them will create enmity with other, the innocent. Thus the attacker will have a big laugh.