I love the simple way you guys explain all these economic phenomenons, situations, and taxes ( not may favorite- US tax law is confusing!) . And I love the presentation I'm going to try to make a presentation like this for my next class, I hope I can figure it out how to make it . Thank you :)
This came up the other day in an NPRr eport on the Greek financial crisis. When asked "why should we care about the plight of an economy smaller than California," the economist dropped the word "contagion," describing the way its default would affect Germany and Spain and spread to the EU and beyond.
The crsis is tied to the usa and the dollar. There is no contagion becuase the remainder of the world does not use dollars anymore. The world uses euros and chinese money for trade. The usa is printing dollars and buying it from itself. The usa is collapsing and there is nothing anyone can do about it. The usa is like an old lady with an incureable disease, corruption.
I love the simple way you guys explain all these economic phenomenons, situations, and taxes ( not may favorite- US tax law is confusing!) . And I love the presentation I'm going to try to make a presentation like this for my next class, I hope I can figure it out how to make it . Thank you :)
silnati 4 months ago
relates to whats happening to Europe....and as well i always say that systemic risk is in other words contagion
gerodie1972 4 months ago
This came up the other day in an NPRr eport on the Greek financial crisis. When asked "why should we care about the plight of an economy smaller than California," the economist dropped the word "contagion," describing the way its default would affect Germany and Spain and spread to the EU and beyond.
evilcyborgprod 2 years ago
The crsis is tied to the usa and the dollar. There is no contagion becuase the remainder of the world does not use dollars anymore. The world uses euros and chinese money for trade. The usa is printing dollars and buying it from itself. The usa is collapsing and there is nothing anyone can do about it. The usa is like an old lady with an incureable disease, corruption.
truchristan 2 years ago
Planned economic contagion.;l
EMPIRE0FLIES 2 years ago