What On Earth Caused This Credit Crisis and Recession!
Unless you have been living under a rock these last few months, you will have heard (and most possibly felt) the effects of this so called Credit Crisis or global recession.
And i pray that you have not fallen victim to it, however, while most people have somewhat of an idea of what it is, not everyone understands it fully.
In fact, i think the majority of people have not gotten their heads around the complexities of it and are too shy to ask or can’t find a simple enough explanation to tell us what is going on!
What has kicked of this global recession? Well the sub prime mortgage crisis in america ….but what does all that mean!!!
I found this great video by a media student named Jonathan Jarvis, and hats of to the guy, he really did a hell of a job! Am extremely impressed and kind of understand what has been going on that little much better!
Check out this excellent video that explains in the simplest terms, what this credit crisis is, and why countries are facing a global recession.
The Crisis of Credit Visualized from Jonathan Jarvis on Vimeo.
If you are viewing this through facebook click on view original post to check out the video:
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Also check out my post on how you can recession proof your income
