Maybe we think we have enough of our own problems without having to think about the current 'world depression' which is knocking on our brains.
What has caused all this? Well, the simple answer is that the US government, which has control over the creation of new money, have been printing too many bank bills. This has created a situation of too much cheap money which has been lent, at low interest, to many millions of American homebuyers who actually cannot afford to buy.
Many of these homebuyers have now defaulted on their payments and this has sent shockwaves through the US banking and finance sectors, and other institutions world wide who are linked with the US economy and financial systems. The US economy sneezes and the world catches a cold!
Now the US government is trying to look like the 'white knight' coming to save the system, when they were actually the 'black knight' in the first place!
Confusing isn't it?
Anyone for another cup of coffee?