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If in the current crisis the whole world is in debt who does it owe money to?
Wiki User
∙ 15y ago
the problem comes because banks lend out a whole heap of money to people which does not actually exist, and then tells the people they owe them that money back, and when people can't pay it back it puts the banks in a situation where they have inadvertently thrown out millions of dollars which is unaccounted for. The debt is to the non-adding-up figures in the computers at the bank.
Wiki User
∙ 15y ago
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How did the current world financial crisis spread?
there are many ways the financial crisis spread.: 1) the $700 billion dollar bail out. 2) too many mega million lottos. 3) lastly, government keeps spending too much on wars, and public works.
What happens when banks fail?
An Economic crisis happens in most cases. Without banks infusing the necessary liquidity in the financial system the whole economy would turn upside down. Just like what happened during the Sub prime economic crisis during early 2008 in the USA and across the world.
Which bank faced financial crisis recently?
World bank
How inflation affect balance on current account?
Current account balance is preserved by delocalisation of money around the world like river flow. If it fails to occur,then inflation comes before us disgusing in huge problem. The main reason behind this, is bad management in finace world and also in the field of combatting blackmeller and money hoarder !
What is a current world event?
A current world event is...never mind about that...
What is the reason for the current world economic crisis?
What_causes_global_economic_crisis
What is the reason of world economic crisis?
BIG people are making money.
Why does the debt crisis come to the world?
It seems that all of a sudden, every country in the world are facing debt crisis, ever since we all owe money, the ultimate question is "to whom"?
What will the 700 billion dollar bailout solve?
It will solve the economic crisis that has affected the US and the whole world
What is the way out of the current global crisis?
Stop borrowing money from the world bank, and each government needs to introduce their own currency that they control the printing presses to. Lowering taxes would definitely help too.
What country invented the first money in the whole world?
the greeks.
How much money do you need to buy the whole world?
a lot
How the US should respond to the current crisis in Egypt?
Do nothing yet observe closely, it effects all of the world, not just Egypt.
Will the current economic crisis be resolved before the USA falls into depression?
There are steps being taken by governments world over to resolve the crisis. the US government too is taking speedy measures to avoid a depression. I believe they will be able to come out of the crisis before a depression...
What world crisis were going on in 1980?
There was no high profiled WORLD crisis going on in 1980.
Who has the most money in the whole wide world?
Bill Gates. taylor a swift
What are the aims and objectives of h and m?
They aim to give the whole world money
