The Recession explained - Money Box Episode 2

[TheWarrior1986]

A RECESSION IS CAUSED BY THE LOANING OUT OF BORROWED MONEY EN MASS (BY WHAT EVER CENTRAL BANK OPERATES IN THAT COUNTY), AND THEN CALLING IT ALL IN AGAIN WHILST MAKING NEW CREDIT HARD TO COME BY. In addition, our currency(s) are also being DEVALUED by the over-printing of money, therefore reducing the actual buying power of every unit of currency we do manage to collect. Its a bit like a double whammy, and is all DELIBERATE. It is NOT some natural phenomena as ppl like her would have you believe.

[Phikay1]

A recession is a period in which you tighten up your belt. A depression is a time in which you have no belt to tighten. When you have no trousers to hold up, It's the TRIBULATION!!

[kookoo78]

It's 2011 and we're still in a recession...maybe we should go ahead and call it what it is: Depression

[GoggleEyedOne]

lol @ the cabbie

[sunflower5678]

this helped me with a paper i'm writing, thanks so much!

[hajable9]

Recessions and Depressions are economic instruments for stealing wealth and property from masses of people. Look what happens, the rich get much richer, people avoid asking for raises, more employees take on an added burden of tasks because of the cut in staff. People sell stocks and property at much lower price than purchase price. Limited room here. Anyway.

[pegobuilders]

One feature of the economy as we move through 2010 seems to be that Britains recovery will easily outstrip that in the eurozone. This is partly due to the advantage of having a competitive pound. But it is also because there was always more to the British economy than the 8% of gross domestic product contributed by financial services. The flexibility that stood Britain in good stead before the crisis will still be an advantage as the economy moves out of it

[scottw0]

is this supposed to be funny? it sucks.

[RSSILVIA]

very well explained, good job and rachael coopes... :o

[brendohendo1234]

Awesome. Gotta love Rachael Coopes.

[soccerooligans]

Nice one big daddy.....

[Aggelosy]

good job