People around the world have seen the value of their investments plummet.
Was the decision to downgrade the US economy from a triple A rating the catalyst or is it the Eurozone's debt crisis and fears of another recession that caused the markets to panic?
Are global economies running out of options to rescue their economies and what is next for stocks, the dollar and the global economy?
Inside Story discusses with guests: Richard Eskow, a senior fellow with the Campaign for America's Future; Andrew Schiff, the director of communications at Euro Pacific Capital; and Rajiv Biswas, an economist.
Source: Al Jazeera