It’s all a bit apocalyptic at the moment with the world economy right now, with the US Federal Bank playing God, in trying to stem the rot.
I’m not one much for numbers, but if one were to take a non-economic and, I bite my lip as I say this, a moralistic view of the situation, it is quite clearly greed that is the cause of this economic downfall. It all began when people who had risky credit histories were actually encouraged to take loans at high rates of interest. They defaulted. Badly. Greed never did anyone any good.
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