Note: In order to fix this problem I've uninstalled my latest version of adobe flash player and downgraded it to version 9.4.1.22 which is working pretty well. You can download any version of adobe flash player, tho i recommend 9.0 and above.
The Fix:
Uninstall Flash Player | Windows
For starters download the Adobe Flash Player Uninstaller(228 KB). Save the uninstaller file (we recommend the desktop)
Exit all desktop applications such as browsers, web chat, and tools such as utorrent and more! check the taskbar and the system tray (Recommended) AOL (IM) Yahoo Messenger Etc.
Run the uninstaller. If you happen to see the message "Do you want to allow the following program to make changes to this computer?" click yes.
Important if any application is using adobe flash player while running the uninstaller, the uninstaller cannot completely uninstall all files, if so run the uninstaller again
Restart your computer, and point your browser [here] to verify that you have uninstalled Adobe Flash Player.
How ever If you see an information box similar to the one below, Flash Player was not uninstalled
Note: You may have to repeat these steps.
For starters download the Adobe Flash Player Uninstaller(228 KB). Save the uninstaller file (we recommend the desktop)
Run the uninstaller. If you happen to see the message "Do you want to allow the following program to make changes to this computer?" click yes.
Important if any application is using adobe flash player while running the uninstaller, the uninstaller cannot completely uninstall all files, if so run the uninstaller again
Restart your computer, and point your browser [here] to verify that you have uninstalled Adobe Flash Player.
How ever If you see an information box similar to the one below, Flash Player was not uninstalled
Note: You may have to repeat these steps.
If you uninstalled correctly the adobe page tells you Adobe Flash Player cannot be found and has to be installed.
[0R]
You see a "broken" image such as a blue diamond or a question mark where the Version Information box would normally appear.Next Install a older version of Adobe Flash Player from one of the two sites
http://www.oldversion.com/Macromedia_Flash_Player.html
[oR]
http://kb2.adobe.com/cps/142/tn_14266.html