Money
a: Easy credit ~
b: Sugar High
What: This is just 10 of them. There are many more on the brink of bankruptcy! This is not because their services are not needed or anything like that. This is simply because the money supply is deflating! Credit has been inflated for 50 years. We borrowed and spent. We inflated the prices. When we borrow, banks create money. We borrowed faster than the GDP growth. It is an artificial sugar high.
Useful?
Writer: Vincent Fernando
LCC: H
Where: Reference Link Has Evaporated
Date: Sep 23 2009 3:34 AM
No critique for this page.
Feel free to be the first
Feel free to be the first
Please review the linked page for context.
If you can think of something better than this,
please add it to the database