Saturday, August 13, 2011

The Global Debt Crisis is spreading again.

America in Crisis. I just a glimpse of one of my friends in Facebook explaining this short video on how the United States is doing to avert the problem but in my opinion it is coming from bad to worse.

This video is a very educational for people who don't understand much of economics. This is very short, concise but true on what's happening on the largest economy with AAA credit rating downgraded to AA+ a few days ago.

So the saying is true "When America sneezes, the world catches the flu".


What about the Philippines? I do not know yet for the time being on the status of our country if we will be affected with the onset of this new illness springing up. But anyways, I will keep you posted for further post on this as a continuation.


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