What shocking type of loan directly caused the devastating 2008 global financial crisis?

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Economy

Japan possesses the highest national public debt in the developed world, routinely hovering around two hundred and sixty percent of their entire gross domestic product.

Japan possesses the highest national public debt in the developed world, routinely hovering around two hundred and sixty percent of their entire gross…

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Economy

Global debt has ballooned to over 300 trillion dollars, a figure that massively outweighs the total amount of actual, physical money and easily accessible liquid assets that currently exist on planet Earth.

Global debt has ballooned to over 300 trillion dollars, a figure that massively outweighs the total amount of actual, physical money and easily accessible…

Discover more

Economy

Julius Caesar introduced a massive debt restructuring program that effectively banned creditors from charging exorbitant interest rates and stabilized the failing Roman economy in 49 BC.

Julius Caesar introduced a massive debt restructuring program that effectively banned creditors from charging exorbitant interest rates and stabilized the…

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Economy

North Korea literally ordered one thousand luxury Volvo sedans from Sweden in the 1970s and then just completely ghosted them on the invoice after the cars were successfully delivered.

North Korea literally ordered one thousand luxury Volvo sedans from Sweden in the 1970s and then just completely ghosted them on the invoice after the cars…

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Economy

Credit card companies actively refer to customers who pay off their balances in full every month as 'deadbeats' because they don't generate any revenue from exorbitant interest rates.

Credit card companies actively refer to customers who pay off their balances in full every month as 'deadbeats' because they don't generate any revenue from…

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Economy

Issuing government bonds is borrowing from grandchildren

Nothing screams fiscal responsibility like forcing future generations to foot your current grocery bill. Treasuries issue formal IOUs to fund immediate…

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What shocking type of loan directly caused the devastating 2008 global financial crisis?

A bigger world.One discoveryat a time.

Keep exploring

Japan possesses the highest national public debt in the developed world, routinely hovering around two hundred and sixty percent of their entire gross domestic product.

Global debt has ballooned to over 300 trillion dollars, a figure that massively outweighs the total amount of actual, physical money and easily accessible liquid assets that currently exist on planet Earth.

Julius Caesar introduced a massive debt restructuring program that effectively banned creditors from charging exorbitant interest rates and stabilized the failing Roman economy in 49 BC.

North Korea literally ordered one thousand luxury Volvo sedans from Sweden in the 1970s and then just completely ghosted them on the invoice after the cars were successfully delivered.

Credit card companies actively refer to customers who pay off their balances in full every month as 'deadbeats' because they don't generate any revenue from exorbitant interest rates.

Issuing government bonds is borrowing from grandchildren

A bigger world.
One discovery
at a time.