Add this situation to the reasons why the cryptocracy precipitated the economic crisis. De-stabilized economies offer all kinds of opportunities for the bankers to make some loot. For example, new sizable loans with a healthy interest rate to restart the economies. In addition, countries in crisis translates to the possibility of installing new governments more to the liking of the cryptocracy. Just like in the United States with Obama.
Friday, July 3, 2009
Economic Crisis, in Today's News 07.03.09
Economic Crisis. In today's Wall Street Journal the following sentence occurs in an article about the elections in Bulgaria (page A8): "From the Baltic Sea to the Black Sea, the once fast-growing, ex-communist economies lately have been hammered by collapsing demand and vanishing foreign investments."
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