What is a financial crisis ?
The finanical crisis of 2008 was a major one. It was the worst economic disaster since the Great Deppresion of 1929.
You like ice-cream but you usually don't have enough money to eat ice-cream. A friend of yours assures you that he will provide the money so that you can enjoy expensive, good-quality ice-cream and you can return him money over time.
However, you and him both know that you don't earn enough money (duh! you're a kid) to be able to pay him back.
Your friend sells your debt to a neighboring uncle who believed him because the church father has assured the uncle that this is good opportunity to make some money. The uncle is very helpful and nobody in your neighborhood would like if something bad happened to that uncle.
You enjoy ice-cream for some days and don't pay back your friend. Ultimately, the uncle loses money. He's depressed and suicidal. The society (society is used here for government) ultimately decides to pool money and keeps the uncle afloat. So, everybody loses money and now nobody has enough money to buy ice-cream.
And who's fault is that .............
The friend put everybody at risk by convincing you that you can have expensive ice-cream even without paying eventually for it.
In my opinion i think everyone thinks that money is amazing and it is all that they need in life , but really money is not that amazing sometimes it just causes trouble , pressure and stress( i will admit i got this example from a video but i thought i would share it to as i thought it amazing).
please leve your comments down below .