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SAVINGS AND (MIS)TRUST

Looking information about the US and World Economy crisis I got to this video on youtube:

I think is clearly explained, may be some data is missing. But this explain what is the main problem of one the worst financial crises in history of the United States, due to seriously flawed subprime mortgage lending practices over the past eight years (Bush government). Today, this is affecting not only the US Dollar, and the US economy, this is affecting the Euro, and other countrys as well. Like mine, Mexican Peso. The repercussions of this practices have already been severe and will continue.

So… I think The Economist (fake cover) was right.

Via: XPLANE, The visual thinking company & Youtube.

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