GLOBAL FINANCIAL AND ECONOMIC CRISIS: PHASE 3 (DEBT PYRAMIDS)

Vasiliev, Vladimir

RAS Global AffairsСША & Канада: экономика – политика – культура USA & Canada: Economics – Politics – Culture

ISSN (Print) 26866730

ISSN (Online) 3034-6045

GLOBAL FINANCIAL AND ECONOMIC CRISIS: PHASE 3 (DEBT PYRAMIDS)

PII

S268667300000619-0-1

DOI

10.7868/S0000619-0-1

Publication type

Article

Status

Published

Authors

Vladimir Vasiliev

Volume/ Edition

Volume / Issue 1 (493)

Pages

3-22

Abstract

Major consequence of the current financial and economic crisis in the U.S.A is the formation of a colossal Federal Government debt as the price paid for floating on economic surface. Federal Government's debt pyramid threatens with a sudden fiscal crisis which may occur if the U.S. debt surpasses it's GDP. Now the USA is rapidly approaching this threshold.

Keywords

gross federal debt, budget deficit, sudden fiscal crisis, double-dip recession, growth of political instability

Date of publication

01.01.2011

Year of publication

2011

Number of purchasers

Views

948

References

GOST	Vasiliev V. GLOBAL FINANCIAL AND ECONOMIC CRISIS: PHASE 3 (DEBT PYRAMIDS) // USA & Canada: Economics – Politics – Culture. – 2011. – Issue 1 (493) C. 3-22 .
MLA	Vasiliev, Vladimir "GLOBAL FINANCIAL AND ECONOMIC CRISIS: PHASE 3 (DEBT PYRAMIDS)." USA & Canada: Economics – Politics – Culture. 1 (2011).:3-22.
APA	Vasiliev V. (2011). GLOBAL FINANCIAL AND ECONOMIC CRISIS: PHASE 3 (DEBT PYRAMIDS). USA & Canada: Economics – Politics – Culture. no. 1, pp.3-22

RAS Global AffairsСША & Канада: экономика – политика – культура USA & Canada: Economics – Politics – Culture

GLOBAL FINANCIAL AND ECONOMIC CRISIS: PHASE 3 (DEBT PYRAMIDS)

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RAS Global AffairsСША & Канада: экономика – политика – культура USA & Canada: Economics – Politics – Culture

GLOBAL FINANCIAL AND ECONOMIC CRISIS: PHASE 3 (DEBT PYRAMIDS)

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