The Global Economic Crisis: Born in the USA I.The Economic Crisis is a U.S. Debt Crisis II.The Effects of the Debt Crisis III.The New Form of Debt.

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Presentation transcript:

The Global Economic Crisis: Born in the USA I.The Economic Crisis is a U.S. Debt Crisis II.The Effects of the Debt Crisis III.The New Form of Debt

The Economic Crisis is a U.S. Debt Crisis

Private Debt Leads to Public Debt

U.S. Debt Sold Globally

The Effects of the Debt Crisis The Great Recession Mass Unemployment Home Foreclosures and Bad Mortgages No Growth in Family Income Bursting of the Stock Market Bubble The Decline of the Dollar

The Great Recession

Mass Unemployment

Home Foreclosures and Bad Mortgages

No Growth in Family Income

Long Term Stock Market Bubble

Bursting the Bubble: Dow Jones from

Two Trends: Why?

The Decline of the Dollar (vs. Euro)

The Decline of the Dollar (vs. Yen)

The Decline of the British Pound

The automatic effects of recession Decline in tax revenue because of shrinking economy Rise in spending on social programs Policies that add to deficit bailing out financial institutions economic stimulus expanding access to health care The New Debt: Automatic and Policy Causes

Soaring Government Debt

Socializing Corporate Debt