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VirginianRebel

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http://www.virginianrebel.com/2008/10/understanding-credit-crisis.html

Mark Thornton has put together a concise explanation of the latest economic bubble to burst - The Housing Bubble in 4 Easy Steps. Make sure you ride the real estate roller coaster at the end in order to get a feel for how long the bubble has been building.

Ultimately, the cause of the housing bubble and resulting "credit crisis" is fiat money and the federal reserve system. This means that our problems are rooted all the way back to 1913.

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Created 1 year 18 weeks ago