THE DEAL.COM HAS THIS USEFUL illustration explaining at a high-level chain of events leading to the current US financial crisis. The editor chose to describe it as chain-of-fools: [Above: TheDeal.com illustration of chain-of-events leading to the US Financial crisis.] The TIME MAGAZINE for this week features "Depression 2.0" through the following front-page across all editions worldwide. As the cover-story, economist Niall Ferguson narrates why it may not happen: [Above: A B&W photo of depression-era Free soup line in the U.S. featuring as the cover page of 13 Oct 2008 issue of the Time mag.] Update: Embedded this interesting video on the (simplified) explanation on "Crisis of Credit". The Crisis of Credit Visualized from Jonathan Jarvis . See also: Related article: Sub-prime Crisis for Dummies . Go here for WIRED.COM version of "economic explanations [of the crisis] even we could understand" targeted towards the techie community.