How did the economy become like this?

like, how did the money just like become not worth anything? How did the economy fail? and why dont they just print more money out if theres none left, becasue that would sort it wouldn't it? and why dont the banks just start lending again if thats what sorts it too?

Asked By: Bee H - 2/2/2009
Best Answer - Chosen by Asker
Money is supposed to represent wealth... Consistent with popular belief these days it does grow on trees. It is harvested, made into pulp and printed as paper money. Inflation is the way to rob wealth from people holding dollars. When more money is printed the value of the bills in circulation depreciates. The money... More
Answered By: reliefaswas - 2/2/2009
Additional Answers (12)
This is just a typical case of greed i think in all honesty. Bleed you until your dry then worry later. Also if only it was that simple !!!
Answered By: chris_raisen - 2/2/2009
Well, well I had heard there were two troublemakers in here, but I didn't suspect them to be two men into erotic chain bondage
Answered By: Anjelica - 2/2/2009
I like you, you are nice and simple.
Answered By: fivelgoeswest88 - 2/2/2009
printing money will just cause the pound to become less valuable look at mugabe and his greed
Answered By: asrobs - 2/2/2009
Greed, people spending money on things that can not afford. This is a good example of having a Champagne lifestyle on a Beer income, with the compliments of credit card companies and bank loans, spiralling out of control.
Answered By: JOHN B - 2/2/2009
The government has been printing money in unprecedented amounts for decades... More
Answered By: eji - 2/2/2009
I dont know. I've often wondered what would happen if everyone wiped the slate clean. Nobody owed NOTHING. What you have today is yours and let's start from scratch. Now wouldn't THAT be interesting??
Answered By: Boopsy - 2/2/2009
Answered By: laytonbensingerjr - 2/2/2009
It's a cyclic phenomena and has been happening ever since.We shall come out of recession in due course of time and the world economy would take a new direction for the better.Printing currency and easy lending by banks aren't the right solutions for obvious reasons.
Answered By: brkshandilya - 2/2/2009
the fact is they did (Govt's) for a long time what you have suggested that is why it is stuffed today... More
Answered By: attitudemister - 2/2/2009
Short version; During the last administration in the US many of the safeguards in banking were removed. Financial institutions were able to offer loans to people that had bad or no credit. The kicker was the interest rates were locked for a relatively short period. This caused an increase in the number of people... More
Answered By: Seán O - 2/2/2009
I think it may help you to research 'the illuminati' or 'NWO' 'new world order' This was a huge set up, its not a mistake, its been planned for years and this is only the start
Answered By: brydeesc - 2/2/2009
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