The Great Economy Collapse refers to the fictional economical 'apocalypse' which saw the global financial systems and institutions crash and fail in Risk Malaysia. The effect was foreseen from the trend of the increasingly deteriorating economic recessions as seen in the 1990s' Asian financial crisis and the late 2000s global financial crisis. With the United States defaulting its debts, the domino effect it created rippled across the globe and ultimately bring the known existing economy down on its knees.
Pre-Great Economic Collapse
The United States were struggling with its debts and raised its debts ceiling to survive the remaining financial years. In other countries, Greece's economy simply collapsed and inflation were felt worldwide. China's attempt to devalue its Yuan further pressured the Dollar and destablised the currencies.
Post-Great Economic Collapse
After the United States announced it has defaulted its debts, the global financial system crashes. Worldwide nations' economies failed followed by super inflation and devaluing of their currencies. Anarchy and state of emergencies occurred globally as the populace panicked and sought to survive, with some countries which are economically-strong barely able to keep its government afloat.
China, being the biggest holder of U.S. debt by owning $1.3trillion of U.S. treasuries as of June 2015, was infuriated with the action and demanded a call to de-Americanise the world. This tension between the two superpowers later built up and escalated into the Sino-American War.
The United States were struggling with its debts and raised its debts ceiling to survive the remaining financial years. In other countries, Greece's economy simply collapsed and inflation were felt worldwide. China's attempt to devalue its Yuan further pressured the Dollar and destablised the currencies.
Post-Great Economic Collapse
After the United States announced it has defaulted its debts, the global financial system crashes. Worldwide nations' economies failed followed by super inflation and devaluing of their currencies. Anarchy and state of emergencies occurred globally as the populace panicked and sought to survive, with some countries which are economically-strong barely able to keep its government afloat.
China, being the biggest holder of U.S. debt by owning $1.3trillion of U.S. treasuries as of June 2015, was infuriated with the action and demanded a call to de-Americanise the world. This tension between the two superpowers later built up and escalated into the Sino-American War.
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