httpv://www.youtube.com/watch?v=Jjv-MtGpj2U
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US Debt Crisis Explained in Simple Terms – A Must watch video
The contents of the video
This video covers the following:
- Why USA issues bonds to other countries (like China)
- How US pays interest on these bonds (which leads to the crisis in many ways)
- How mush is the debt of America
- Why USA prints new dollars every day
- What is inflation, why there is inflation
- Purchasing power of the dollar (applies to any other currency as well – even the Indian Rupee)
- What leads to a recession
- What is stagflation
- Will USA get bankrupt
- What is the future of the world economy, is there going to be a global economic collapse
THANK YOU SOMUCH RAJENDRAN SIR