Our site is dedicated to the economic crisis which captured today’s America. Crisis has not begun yesterday (some analysts speak about crisis of all modern economy as at a deadlock) but its especially bright events for all began to prove in September, 2008: bankruptcy of the largest financial organizations of America.
On our site we will try to present some news (the event chronicle), opinions of analysts, explanations of the reasons and economic crisis consequences – simple words (without confusing financial terminology), and also recommendations: how to operate in a current situation.
We hope that our site will help you to learn, understand and undertake correct actions in the life to minimise consequences of crisis for yourself and your family.
We will be always glad to readers who will offer us interesting materials about a today’s economic crisis.
Yours faithfully,
EconomicCrisis.US team.
1 Response
1929-2008 govt deficits in the U.S.A. = $$ 13.6 TRILLION = the marginal amount setting off the 2007-2008 collapse.
The low-low-low rigged interest rates by the Fed Res Sys compounding the mess since 1945 — especially in 2002-2005 — just like 1925-1928 — causing LOTS of BAD loans to happen.
Nonstop inflation since 1933 — messing up capital replacement costs.
Remedies — NO govt deficits in peacetime years.
NO control of interest rates by govts.
FIXED money supply per adult.
Posted on September 10th, 2009 at 2:22 pm
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