half of europe in depression, page-2

Half of Europe is in depression, with the rest to follow suit soon.

Indeed the world will soon be hurting from the Great Depression of 09.

So where and how did this all begin?

It's quite simple really - one word.

Globalization.

Globalization of the world’s economies which sealed their fait when the crunch came. It locked us all into a common disaster which was inevitable.

But where did start? Where did this economic meltdown originate.

The good ol' USA of course. The worlds "leading" economy which lead us all down a path to economic torture the like of which has not been seen for 80 years.

Think back 18 or months ago when you first heard the term "sub prime mortgage".

A combination of greed, inept management, misplaced faith and straight out incompetence ensured we all would become the architects of own demise.

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