Over the past few years, we have been living through a financial crises.
The problems emerged sometime in 2007, and by 2009 there were indications that the financial crisis was behind us.
But recently, concerns about the financial / debt crisis have emerged again. Economists believe that the crisis was never over – it had just paused, and is now back to haunt us again!
What exactly is the financial crisis? How did it happen?
Here is a short video that explains exactly how this financial crisis happened.
I believe this video is quite educational, and definitely worth 5 minutes of your time. If you have any problem watching the video above, you can also see it on my Facebook Page.
The contents of the video
This video covers the following:
- Why USA issues bonds to other countries (like China)
- How US pays interest on these bonds (which leads to the crisis in many ways)
- How mush is the debt of America
- Why USA prints new dollars every day
- What is inflation, why there is inflation
- Purchasing power of the dollar (applies to any other currency as well – even the Indian Rupee)
- What leads to a recession
- What is stagflation
- Will USA get bankrupt
- What is the future of the world economy, is there going to be a global economic collapse
(Video shared with me by Dinesh Gopalan)
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