ECONOMIC COLLAPSE 2014 EXPLAINED- World Debt Crisis, Stocks & Govt. Decisions
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ECONOMIC COLLAPSE 2014 EXPLAINED- World Debt Crisis, Stocks & Govt. Decisions 2007--2014 global financial crisis, is considered by many economists to be the worst financial crisis since the Great Depression of the 1930s. It resulted in the threat of total collapse from large financial institutions, the bailout of banks by national governments, and downturns in stock markets around the world. In many areas, the housing market also suffered, resulting in evictions, foreclosures and prolonged unemployment. The crisis played a significant role in the failure of key businesses, declines in consumer wealth estimated in trillions of US dollars, and a downturn in economic activity leading to the 2008--2012 global recession and contributing to the European sovereign-debt crisis. The active phase of the crisis, which manifested as a liquidity crisis, can be dated from August 7, 2007 when a French bank with an auxiliary headquarters in the U.K. terminated withdrawals from 3 hedge funds citing "a complete evaporation of liquidity." The bursting of the U.S. housing bubble, which peaked in 2006, caused the values of securities tied to U.S. real estate pricing to plummet, damaging financial institutions globally.The financial crisis was triggered by a complex interplay of the overvaluation of bundled sub-prime mortgages, questionable trading practices on behalf of both buyers and sellers, and a lack of adequate capital holdings from banks and insurance companies to back the financial commitments they were making. Questions regarding bank solvency, declines in credit availability and damaged investor confidence had an impact on global stock markets, where securities suffered large losses during 2008 and early 2009. Economies worldwide slowed during this period, as credit tightened and international trade declined. Governments and central banks responded with unprecedented fiscal stimulus, monetary policy expansion and institutional bailouts. Although there have been aftershocks, the financial crisis itself ended sometime between late-2008 and mid-2009. In the U.S., Congress passed the American Recovery and Reinvestment Act of 2009. In the E.U., the U.K. responded with austerity measures of spending cuts and tax increases without export growth and it has since slid into a double-dip recession
Comments
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That sure was an easy economic collapse. Keep it coming.
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anyone has an idea what and how to prepare for this crisis????????
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Do a video on- if raising taxes slows an economy that reduces gov't revenues OR cutting taxes stimulates an economy that increases gov't revenues..
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makes perfect sense why God forbids Interest in Islam.
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Yeap 2016 and things still spinning, meanwhile your gold/silver has zero yield.
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ok so can we just make a deal for everyone to not pay lol and just from scratch....
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will never happen. The banks can print as much money they want.
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There is plenty of room to make cuts, they just refuse too
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There is plenty of room to make cuts, they just refuse too
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Nothings going to happen. It's a system they've created and they'll just keep it running by taking more debt each time it's needed.
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The USA may not be able to default on its debt, as it may be against the US Constitution. The Supreme Court shall decide if it is possible under Amendment 14 to the constitution, Section 4.
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Great video! The govt. is a giant monster who spends with no control. The rabbit hole is so very deep.
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Really? Riots? Gosh, this anti-tax thing is being taken way too far by the nuts who forgot we had great economic booms while taxes were at all time highs last century. We're barely at half the tax rates, but people are crying about taxes non-stop like it's preventing people from feeding themselves. Is it really worth making the country worse so your boss can keep more of his income above $400,000?
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Maybe uncle Sam can raise taxes on the rich?
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This video normally gets renamed every year. I guess this year they just forgot and will soon just rename it Economic Collapse 2016.
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I have subscribed to you and now anybody who goes onto my channel will see that I subscribed to you.
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This is a cool way to explain the economics collapse of 2014. I too have a channel that talks about economics, Business and Economics for Kidz. It is a great channel if you are interested in economics and/or business. Will you please check it out.
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How did you manage to post a 144p video in 2014?
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Actualy this situation can be fixed by cutting spending in the right way. What do i mean by that is, not to cut spending on the wages of the employes, but cutting spendings on restoration of the buildings and other intitutions or other things which aren't as important to spend huge amounts of money in. That way we may lower the reccesion by focusing on the most important things to invest on.
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