World Collapse Explained in 3 Minutes
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7:45 AM
Ok, this is a spoof and these performers have done some other very funny interviews making fun of pundits and economic policy (see The front fell off). However, as you watch this video there is a lot of truth here. The European economies are borrowing and lending money to each other, and the question that keeps coming up is where are they going to get the money?
Marius Gustavson is a research fellow at the Reason Foundation provides and provides a more serious analysis of the situation in his article on the Global Debt Crisis.
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