munKNEE.com Your Key to Making Money
The global financial system is highly interconnected so problems in one part of the world can reverberate almost everywhere else – risking a default, contagion, contracting credit and collapsing economic activity… [Take a look at the amazing graphic in this article to get] a visual guide of the intertwined complexities of the crisis.
So says an article* in the New York Times Sunday Review by Xaquin G.V., Bill Marsh, Alan McLean and Archie Tse with contributions from Seth W. Feaster, Nelson D. Schwartz which Lorimer Wilson, editor of www.munKNEE.com (Your Key to Making Money!), presents below. Please note that this paragraph must be included in any article re-posting to avoid copyright infringement.
Who in the world is currently reading this article along with you? Click here to find out.
Click on the various images below to clearly see for your self just how intertwined the situation is and how it could adversely affect the world economy.
It’s All Connected
The Immediate Trouble
The Risk of Contagion
A Possible Scenario
Continental Contagion
Global Reverberations
Arrows show imbalances of debt exposure between borrowers in one country and banks in another; arrows point from debtors to their bank creditors. Arrow widths are proportional to the balance of money owed. For example, French borrowers owe Italian banks $50.6 billion; Italian borrowers owe French banks $416.4 billion. The difference — their imbalance — shows France’s banking system more exposed to Italian debtors by about $365.8 billion.
*http://www.nytimes.com/interactive/2011/10/23/sunday-review/an-overview-of-the-euro-crisis.html