| The odds are that you weren’t alive during the Great Depression in America. History says it was an absolutely horrible time, when millions upon millions of people lost their financial security and the entire country nearly came unraveled. Fortunately for the rest of the world at that time, the US didn’t have the presence it has today. But since you’re alive during this current economic crisis, you know full well the effects it is having, regardless of where you’re at in the world. The US slowly made its way to the top of the world’s economies by, basically, having many countries rely on their USD (the dollar: $). Although the world’s countries are partnered up in many ways, America was the headpin that, if struck hard enough with a heavy black ball of booming despair, would knock the others down in a nightmarish game of uber-bowling. So when the housing bubble burst and the Stock Market nearly bottomed out and the American economy shattered like a glass windshield in a high-speed collision, so too did other countries’ economies suffer a devastating blow. The pain was felt—and some are still feeling it—worldwide. And the fallout goes further than most initially... |
