15 Economic Disasters That Almost Broke the World - History Collection

We Are Looking Down The Barrel Of A Worldwide Credit Market Crisis That Threatens To Be Absolutely Horrific

This article was originally published by Michael Snyder at The Economic Collapse Blog.  National governments around the world collectively have more than 100 trillion dollars in debt.  The United States accounts for about 35 percent of that total, China accounts for about 16 percent of that total, and Japan accounts for about 10 percent of that total. For a long time, national governments were able to fund their debt binges very cheaply, but now…

15 Economic Disasters That Almost Broke the World - History Collection

Throughout history, the world has witnessed several economic disasters that have brought nations to their knees. These events, often triggered by a combination of poor policy decisions, market failures, and unexpected global events, reveal the fragile nature of our global economy. Economic catastrophes not only devastate financial markets but also have profound impacts on society, ...