The document summarizes the key events that led to the 2008 global financial crisis and warns of a potential upcoming meltdown. It describes how American homeownership became unsustainable as people took on loans they couldn't repay, leading to a housing market crash. This was exacerbated by many citizens living in debt through credit cards. Continued interest rate hikes by the Federal Reserve mean people have to pay more for money they've already borrowed, risking an infinite debt loop. If wage growth does not keep up as the cost of living increases, this could trigger another global financial crisis similar to 2008.

1.  - AKB

2. We all saw a global meltdown already in 2008 and we
learned a lot from the crisis and saw what it can do to
the world power USA and the remaining countries.
So let me give a quick review about how it happened
and what triggered the 2008 crisis and how its linking to
the upcoming financial meltdown.

3.  2008 financial crisis, is considered by many economists
to have been the worst financial crisis since the Great
Depression of the 1930s.
 American dream became a bubble in Bush
administration and burst in 2008 because of the loan
they gave to the people didn't pay so they have to the
cease the properties in time the values of the properties
gone down and no one ready to buy which become a
crisis.

4.  Let me simplify it most of the US citizens living
in debt that is they are running there day to day
life by swiping credit cards.
 which will became a burden in the future.
 that is already I am in debt and i am paying all
the credit card bills. if i increase the interest
rate(Fed Hike ) I have to pay more for the money i
have borrowed.
 Already i am borrowing money if i have to pay
more to the money i am borrowed we will become
an slaves to the debt and the system
 Which will come to an infinite loop

5.  If the cycle
 Continues financial meltdown
 for sure
Borrower(Credit Card
user)
Bank
Interest rate
hike by Fed
I have to pay
more than I
have taken
Internal
/External
Economic
Factors
Inflation /
No
economical
growth

6.  If we pay more and more but the living
standards are not increasing and the economy
is not adding enough jobs will lead us to the
financial crisis .
 So now again the fed rate hike has been
announced so this one going to affect all the
economies

7. Like 2008 its going to be global melt down
and its goanna affect Indian It sectors very
bad and other countries like it did it before .
#Thank you