faithless
Elfe Mécanique
- Inscrit
- 3 Août 2007
- Messages
- 412
Hi all, I'd like to start this thread after having heard my teacher, who told us that if America doesn't react FAST, they're going to be in deep shit concerning their economy.
The teacher said that people in the US borrow money from the banks, with interests. Those banks themselves borrow money from the international bank, with interests aswell. This vicious circle is now putting them in a bad situation, and they have to react superfast or in 10 years, Europe will be the first economical power. (in 20 years, China will probably take the lead)
Anyone knows more about this? Is it true? False? Any reaction?
thank you, peace, and good evening everyone
The teacher said that people in the US borrow money from the banks, with interests. Those banks themselves borrow money from the international bank, with interests aswell. This vicious circle is now putting them in a bad situation, and they have to react superfast or in 10 years, Europe will be the first economical power. (in 20 years, China will probably take the lead)
Anyone knows more about this? Is it true? False? Any reaction?
thank you, peace, and good evening everyone