Why Recession

The reason for this recession is simple:

1) There is only 1 buyer which has 7% of the world's population but consumes 25% of the world's resources

2) It consumes and consumes but produces nothing

3) Manufacturing and Services both outsources to third world countries where pepole live life in poverty and work hard for two meals a day

4) No savings but only credit cards

5) The world also knows and realized that there is only 1 buyer and keeps producing more and more to satisfy the hunger of this buyer.

6) The world also knows that this buyer is bankrupt but still they have no options because there is no one else to sell to.

7) So US prints currency, Reserver Bank of India, Bank of China and Bank of Japan all keep the Million Dollar Bonds in their vaults, but what is it worth? can you buy something with these dollars from US? What does US sell that it produces on its own?

8) US owes the whole world money

9) How did this keep happening, simple the currency of trade is US Dollars so as trade and consumption and population grows there is more need for reserve currency, people keep dollars with them, US keeps printing more and buying more.

10) The question to ask, what would be the US Dollar to Indian Rupee conversion if we make Indian Rupee the Currency of World Trade?