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Many experts agree the current GDP to national debt ratio is unsustainable. Combine this with a world wide lack of confidence in the us dollar (because of QE1, QE2 and soon QE3) and a desire for oil producing nations to sell oil in gold instead of dollars will cause the value of the us dollar to decline further. When the rest of the world refuses to accept the dollar as a reserve currency the us will be in financial collapse.
That is my attempt at answering this question, I am still a student of world economics.
What else can I help you with?
Are you headed for economic collapse in America?
The U.S. may be headed toward financial collapse. Indeed all of the world may be headed toward the same catastrophe.
What are the manner in which a society may collapse as a result of corruption?
Financial collapse is the primary form of collapse due to corruption.
Is there a difference between financial collapse and financial crisis?
A collapse is more serious than a crisis. A crisis could be described as a problem that is so serious that it might result in a collapse if it is not handled adequately. In a financial collapse we see such things as paper currency becoming worthless, mass unemployment and possibly even mass starvation, etc.
Which country faced financial collapse in 1998?
Russia
Will the United States ever collapse?
Yes the economy of United States of America collapse.
How do you collapse baton?
Hit it agenst the groung as hard as u can
What is the future of the US?
read the book the collapse of America: A Ruined state?
How do you collapse expandable baton?
Hit it agenst the groung as hard as u can
When did the housing collapse start?
The housing collapse in the United States began around 2006, when housing prices peaked and started to decline. This downturn was exacerbated by a rise in subprime mortgage defaults, leading to a significant increase in foreclosures. The crisis culminated in 2008 with the collapse of major financial institutions, marking the beginning of a severe global financial crisis.
Which banks are responsible for the financial crisis?
During the 2008 financial crisis, several major banks were found to have contributed to the economic downturn. Some of the key banks involved included Lehman Brothers, Bear Stearns, Citigroup, and Bank of America. These banks engaged in risky lending practices and investments that ultimately led to the collapse of the housing market and the broader financial system.
Which United States city lost half its population and is near financial collapse?
new york
What did Bear Sterns have to do with the Lehman Brothers collapse?
Bear Stearns' collapse in March 2008 was a significant precursor to the Lehman Brothers collapse later that year. The failure of Bear Stearns highlighted the vulnerabilities in the financial system and the fragility of investment banks heavily exposed to risky mortgage-backed securities. As confidence eroded in these financial institutions, Lehman Brothers faced increasing liquidity issues, ultimately leading to its bankruptcy in September 2008. The two events underscored the interconnectedness of major financial firms and contributed to the broader financial crisis.
