It's ironic that the world's largest economy can be brought to its knees. And it did this all by itself - driven by the inherent greed of its financial experts and bankers. The problem is that it's bringing others down with it. That is what being the world's largest superpower is all about. When you catch a cold others sneeze along with you.The current economic crisis may have been triggered by the slumping housing market and the defaults of the sub prime loans. But that is not the whole story. …

The USA is in a financial crisis and nobody will deny it this time. Unlike back in 2007 when the government denies the recession and the crisis altogether, figuring that a couple of billion here and there would prop up the financial sector enough to survive the storm and none would be the wiser. Today the US government is debating pumping in a huge US$700 billion into the financial system as a final ditch bailout plan. That is a huge amount of money, and not the government's money, but the peopl…