Thursday, October 20, 2011

Problems Galore: Where to start?

Nations around the world have decided to save their banks instead of taking the necessary steps to stabilize their economies .... As such, all the liabilities got transferred from the balance sheets of the banks to the balance sheets of the country.

The countries are running their printing presses continuously in an effort to inflate their way out of debt crisis, even if this effort is doomed to failure from the beginning.

In addition, tighter, as the world's governments are imposing to try to close their gaping deficits (created by throwing billions to their banks) are causing people worldwide to push back. More Here..

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