What is the debt crisis in Africa?
I’m doing a geography project about Drop the Debt and I need some help.
didnt they build a dam in the wrong place. or was that Kenya….? lol
Do any1 believe that the debt crisis is damaging to our futures as American?
Yes. No different than buying a house, new car, and putting it on your grandchildren and great grandchildren’s credit card to pay for them. We may go dowen as the first civilization in history to steal from our own children. It’s immoral, criminal, and evil.
How is the debt crisis and poverty linked?
The more money and better credit that a person has the better interest rates they get. Poor people get stuck with the very high interest rates and when something happens, like the car needs repairs, it goes on credit that they can’t afford in the first place. This spirals out of control and soon they default on loans and can’t pay off credit cards. The poor become even more poor. When so many default, the banks raise interest rates and make it more difficult for all to get loans. Less is spent in communities, people lose jobs and so on. This doen’t just happen to poverty level people-people are living far beond their means living on credit, tading in an average house for one much larger with a price tag that they will never be able to pay off.
1. The Sovereign Debt Crisis and Default. PIIGS. Portugal Ireland Italy Greece Spain. Whos Next?
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What’s a non-fiction book on the US national debt crisis?
What’s a non-fiction book on the US national debt crisis? I need a new book to read and I’m interested in the US debt crisis.
"The Coming First World Debt Crisis" by
Ann Pettifor
The author predicted the current economic situation. You can read a sample chapter at this link:
http://www.palgrave.com/products/title.aspx?is=0230007848
You might also want to check out
"The Truth About the National Debt: Five Myths…" by Francis X. Cavanaugh
http://books.google.com/books?id=UDpvICcVsEgC&dq=book:+US+national+debt+crisis&pg=PP1&ots=N5Hy49TUNt&source=in&sig=Po9IWt6bNliCsyObAu1h_n7OT8I&hl=en&sa=X&oi=book_result&resnum=11&ct=result
See also: "Manias, Panics, and Crashes: A History of Financial Crises" by Charles P. Kindleberger and Robert Aliber
http://www.amazon.com/Manias-Panics-Crashes-Financial-Investment/dp/0471467146/ref=pd_sim_b_1
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