Many know there is something drastically wrong but cannot define it.It is the creation of new money that equals increases in our productivity as debt.In 1970 our total debt was 3% of GDP.It is now 53% of GDP.http://www.secretofoz.com/

The Problem is the world economy is out of control and no-one knows how to regain control. We haven't allowed ourselves to accept it is out of control - but it is. We think that if someone somewhere does or doesn't do something then it will all be sorted. The world is so complicated now, we have lost the ability to work out what is going on because, over time, we have handed control over to software programs which now make more decisions than people do. The cumulative effect of millions of decisons made by computers is a loss of human contact with the financial decision making process and a gradually compounding error rate which has gone unnoticed. Everyone thinks someone else is driving the bus, but now as we look the driver's seat is empty.

Because no-one knows whats going on, we just go along every day doing what we normally do and hoping it will work out OK. But no-one is driving. We havent yet admitted no-one is driving because we are too afraid to look, but we know it.

Blaming Wall Street just helps us believe someone is actually in control of the mess which is a relief, if it only were true.

The two comments so far cover a broad spectrum of "reasons why".

Arjay believes it is a global conspiracy, driven by "the elites".

Atman suggests that it is out of anyone's, or any organization's, control.

I suspect that reality lies somewhere in between. Probably quite close to the middle.