1. The Global Economic Crisis: Born in the USA I.The Economic Crisis is a U.S. Debt Crisis II.The Effects of the Debt Crisis III.The New Form of Debt

2. The Economic Crisis is a U.S. Debt Crisis

7. Private Debt Leads to Public Debt

8. U.S. Debt Sold Globally

9. The Effects of the Debt Crisis The Great Recession Mass Unemployment Home Foreclosures and Bad Mortgages No Growth in Family Income Bursting of the Stock Market Bubble The Decline of the Dollar

10. The Great Recession

11. Mass Unemployment

12. Home Foreclosures and Bad Mortgages

13. No Growth in Family Income

14. Long Term Stock Market Bubble

15. Bursting the Bubble: Dow Jones from 2000-2009

16. Two Trends: Why?

17. The Decline of the Dollar (vs. Euro)

18. The Decline of the Dollar (vs. Yen)

19. The Decline of the British Pound

20. The automatic effects of recession Decline in tax revenue because of shrinking economy Rise in spending on social programs Policies that add to deficit bailing out financial institutions economic stimulus expanding access to health care The New Debt: Automatic and Policy Causes

21. Soaring Government Debt

22. Socializing Corporate Debt