Collapse of global economy explained in 3 minutes

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land2341's picture
land2341
Status: Gold Member (Offline)
Joined: Aug 20 2009
Posts: 402
Collapse of global economy explained in 3 minutes

The economic collapse of the world explained in 3 minutes!     Cool

 

that1guy's picture
that1guy
Status: Gold Member (Offline)
Joined: Jan 11 2009
Posts: 333
Re: Collapse of global economy explained in 3 minutes

this is a great video, I posted a link to this in another thread, but i dont think anyone really took notice......it is really funny, with all true facts in it which makes it that much better....

 

here is the original site link  http://www.informationclearinghouse.info/article25521.htm

and great quote from the video itself....."The question was: How can broke economies lend money to other broke economies who haven't got any money because they can't pay back the money the broke economy lent to the other broke economy and shouldn't have lent it to them in the first place because the broke economy can't pay back?"

 

so awesome

land2341's picture
land2341
Status: Gold Member (Offline)
Joined: Aug 20 2009
Posts: 402
Re: Collapse of global economy explained in 3 minutes

SO let me pose a really stupid, incredibly naive question:  What would happen if all of the European debt bomb dismissed what they owed each other?  There would certainly be some who would lose more than others,  but it seems certain they are all going to lose big time now....

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