Query by redryan: what trigger the current economic collapse in globe. 2008?
And I like to know why the rest of the globe blames the U.S for this what truly happened? Why did it take place?

Greatest answer:

Answer by S D
Men and women buying more than they could afford using adjustable rate mortgages. Making use of houses as an ATM. Credit card debt. Flipping homes Generally men and women living way beyond their means when you make $ 5.00 an hour you cannot afford a $ 500,000.00 house along with a new bmw or mercedes Some will say it is all the bankers fault but the people signed their life away and bit off far more than they could chew.

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