We have already written couple of posts on Greek & European Crisis. It is a serious concern and global stock markets have been affected due to this concern.
To many who are not really into financial world may not understand the seriousness, and the following video explains just that with a touch of humor.
Although, this video is related to European crisis, this what is generally happening around the world with various economies. Over last couple of years, you have been hearing the word “bail-out” quite frequently – Now look at how the bail-out takes place.
World Economy Collapse explained in 3 minutes
Indian economy luckily is not too dependent of European Market as much as it on U.S Markets, but we are also seeing effects indirectly as we are dependent on economies that are dependent of European Economies…nuff said.
This is how the World Economy is going to collapse…period.
via skprasad