Nowadays we have been witnessing that the world economy is going through rough patches. The world is indeed bleeding in debt. There are various reasons behind it and we have to cater them in such a manner that they should bring positive results to the World economy. Until and unless the economy of the World will not stand tall against debt crisis we will not be able to improve the life of people around the World who are living in deficits.
Today, the situation is so immense that people are starving hard to survive and hence living a poor and deprived life Worldwide. You may not feel the intensity of the situation but if this situation continues for a long time and is not addressed well it will bring hazardous results. Today due to this situation the World economy has become immensely fragile where a small crack can lead to disaster and we have various eye opening examples like US debt crisis and European debt crisis.
The biggest reason behind this is the current world banking system. To understand this we have to take an insight on how banks create money? Bank creates money as debt and do not create the interest part and there is not enough money in the world by which we can cover the combined debt with interest. This situation further lead to borrowing extra money because economies around the World need more money to maintain a healthy economy and this is where we experience the situation of World debt. Economies around the world become unstable due to this situation. This debt crisis situation is very dangerous for the various developed and developing economies of the world as this situation can completely collapse even the strongest economies at any given time.
One thing that can turn around the tables for global economy is the Social credit. It is a simple yet effective thing which has the capability to provide both strength and stability to the global economy and can help to remove debt. Citizens are the true share holders of any country and Social credit helps economies to deliver the true wealth of a nation to its people i.e. citizens. It is an effective way of creating a debt free World. With the help of it countries which are fighting hard to erode debt, hunger and economic instability can strengthen their economy and can create a sound base for the growth of their people.
It can even help economies to release themselves from the everlasting debt or debt crisis.
Economic crisis not only leads to instability but also leads to reduced employment opportunities, inflation, lower living standard, lesser purchasing power etc. The biggest drastic consequences of economic crisis are poverty and starvation because of which thousands of people die every year which is very unfortunate on humanity grounds.
We really have to make serious efforts toremove debt threats from the World so that we can have a sound World economy free from dearth, hunger, debt and lets the people of every country prospers and grow in every aspect.
Today, the situation is so immense that people are starving hard to survive and hence living a poor and deprived life Worldwide. You may not feel the intensity of the situation but if this situation continues for a long time and is not addressed well it will bring hazardous results. Today due to this situation the World economy has become immensely fragile where a small crack can lead to disaster and we have various eye opening examples like US debt crisis and European debt crisis.
The biggest reason behind this is the current world banking system. To understand this we have to take an insight on how banks create money? Bank creates money as debt and do not create the interest part and there is not enough money in the world by which we can cover the combined debt with interest. This situation further lead to borrowing extra money because economies around the World need more money to maintain a healthy economy and this is where we experience the situation of World debt. Economies around the world become unstable due to this situation. This debt crisis situation is very dangerous for the various developed and developing economies of the world as this situation can completely collapse even the strongest economies at any given time.
One thing that can turn around the tables for global economy is the Social credit. It is a simple yet effective thing which has the capability to provide both strength and stability to the global economy and can help to remove debt. Citizens are the true share holders of any country and Social credit helps economies to deliver the true wealth of a nation to its people i.e. citizens. It is an effective way of creating a debt free World. With the help of it countries which are fighting hard to erode debt, hunger and economic instability can strengthen their economy and can create a sound base for the growth of their people.
It can even help economies to release themselves from the everlasting debt or debt crisis.
Economic crisis not only leads to instability but also leads to reduced employment opportunities, inflation, lower living standard, lesser purchasing power etc. The biggest drastic consequences of economic crisis are poverty and starvation because of which thousands of people die every year which is very unfortunate on humanity grounds.
We really have to make serious efforts toremove debt threats from the World so that we can have a sound World economy free from dearth, hunger, debt and lets the people of every country prospers and grow in every aspect.
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