11/30/2016

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The Cause Of The Current Financial And Economic Crisis: Excessive Intemperance. A look at the development which shows economic indicators: In some regions of the world, the economy had run in recent years like in the fairy tale. But too much a global growth on debt was bought. So long, the profits were higher than interest rates, the return on equity increased. Cheap financing to motivated to inflate balance sheets, pushing up prices of assets, real estate in the height. This resulted in a kind of Pyramid game, where simply paid the interest on old debt with new debt. At some point (most recently in mid-2007) reversal of the trend is then: it followed a global reduction by simultaneous sale of assets thus funded debt. Speculators have replaced real money of other (securities) paper values. That went well so long as there were people who were willing to pay more and more money for the values of this paper. Obvious, that this could go on not unchecked. There was a spark and the system had to tilt. Then the paper values and the debtor fell could no longer return the borrowed money. Investors lost confidence in the system and no longer lent her money. Therefore, there are hardly any investments and thus no growth and no more prosperity. And therefore, the system geared to growth no longer works. This affected the willingness of people, their courage and their confidence in the future. Decreases the value - and therefore the wealth and unemployment is rising. Primerica spoke with conviction. And the spiral turns downwards. In nature,...
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