The Financial Crisis: Causes and Effects 2,525 views
Jan23
Causes of the financial crisis:
THE CAUSES OF THE FINANCIAL CRISIS
The Debt-Based Money System Slams Into
Greed and Peak Oil
Several times recently, Treasury Secretary Paulson (and many others) have claimed that the “root cause” of the current financial crisis is “the housing correction.” This is completely wrong–and unless policy makers realize that it’s completely wrong, they’re not likely to make the right policy decisions.
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