The systemic financial burden inflicted upon the People of Earth is the Global Crisis.
The system is no longer serving the needs of the People.
Statistics can be manipulated and even when accurate they fail to convey the magnitude of harm inflicted upon the living.
Remember that the injustice inflicted on the lower class and marginalized segment of society eventually spreads to the upper levels of the social hierarchy.
Personal stories and experiences can show this far better:
Excerpts from:
How Brazil’s Middle Class Dream Became A Debt-Fuelled Nightmare
http://www.zerohedge.com/news/2013-10-09/how-brazils-middle-class-dream-became-debt-fuelled-nightmare
…while the numbers can obviously be manipulated, it is the “on the ground” anecdotes that truly capture the severity of the debt crisis:
“At one point, I was selling cars with 80-month financing to people who made $500 a month,” said Adalberto Fava, sales manager of a Hyundai dealership that serves a working-class neighborhood on the outskirts of São Paulo. “I knew there was no way they could afford it,” with monthly payments as high as $200. Many of these cars were repossessed, he said.
…
For a while, credit financed Mr. Bispo’s climb into the entrepreneurial class. He also borrowed $4,200 to start a small business, a beauty salon. He borrowed more to send his wife to a four-year beauty program.Within six months, the family was behind on loan payments, largely because it had underestimated how much debt it could afford. Ms. Bispo had to drop her college classes. The bank took their car. The couple is trying to hang on to the salon, but it is bleeding money as neighborhood customers, some grappling with their own debt problems, shy away, Mr. Bispo said. The Bispos are defaulting on some bills.
“Each month, we have to decide which bills we can pay. We’re having a financial crisis,” he said.
Please READ FULL REPORT:
http://www.zerohedge.com/news/2013-10-09/how-brazils-middle-class-dream-became-debt-fuelled-nightmare
.
_________________________________________________________________
Want Worldwide PEACE and Prosperity. We are the solution we have been searching for... Free People on Earth will solve our crisis and create an era of Creativity. Be Aware; Be Creative; Be Active; Be Free; and then Share it. LOVE & Wholeness AMOR y Paz
Ronmamita's Blog 
Europe is facing a catastrophic economic and social decline, according to a new Red Cross report. The charity concludes that austerity measures taken during Europe’s economic downturn have further contributed to snowballing poverty and unemployment.
Read Full Article at RT.com
Vía RT – News http://rt.com/news/europe-crisis-red-cross-981/
LikeLike