Causes and Effects
Over borrowings (causes) - reduce borrowing, in public and in private sectors, should not continue to issue debt to finance the toxic waste
Over consumptions (causes) - should reduce consumptions and encourage savings, stimulus plans only encorage more credit and consumption, which is the original cause of the problems
Reduce interest rates (causes) - causes of loose credits, encourage mortgage boom and debt, continue race to zero interest only temporary delay the problem not solving the problem, as in the long term, US dollars will loose its value
Wanted to know more, youtube
- Peter Schiff
- Roubini
- Marc Faber
- Jim Rogers
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