Financial crises through the years (1929-2008):
1929 Great Depression
1937–38 Recession: Results of fiscal policy tightening
1945 Recession: End of World War II
1949 Recession: Economic downturn of 1948
1953 Recession: Post-Korean war inflationary period
1958 Recession: Monetary policy tightening
1960–61 Recession: Federal Reserve raising interest rates in 1959
1969–70 Recession: Vietnam War (fiscal tightening)
1973–75 Recession: The oil crisis, OPEC quadrupling oil prices and coupled stock market crash
1980 Recession: Federal Reserve, under Paul Volcker, raised interest rates dramatically
1981–82 Recession: The Iranian Revolution
1989 Recession: Savings and Loan Crisis
1990 Recession: 1990 oil price shock
2001 Recession: Dot-com bubble/9-11 Terrorism attack
Causes of the 2008 Global Financial Crisis (others said 2008 Great Depression):
1. US Financial Deregulation
2. Housing Bubbles (Home Mortgage Derivatives)
3. Banks seized on high-risk loans
4. Low oil prices (above $4 per barrel in June 2008)
5. The stock market plummeted, erasing wealth (after effects)
Is COVID-19 or US National Debts of 122 Trillion can lead to the next economic recession/depression? Or isn't COVID-19 a bio-chemical weapon (it is engineered man-made virus) that elites agenda trying a global systemic collapse without any real weapon for depopulation in order to establish a one-world government and scapegoat to reset the system for them to enslave the ordinary people?
https://www.truthinaccounting.org/about/our_national_debt
I'm only asking!
Only time will tell...
