domenica 22 marzo 2015

Debt

This video is nice, and should be seen in particular by the many that forget that the crisis arose in America, not in Europe, and that the debt of USA is immensely bigger than that of European nations. Anyway, it overlooks the fact the huge federal debt of USA arose from the plans (first of all the Paulison plan in the latest years of Bush' government) to save banks from bankrupt. The government saddled with the losses of the bank after the crisis of 2008 and from here the 17 trillion dollars debt.



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