Global Financial Crisis explained in 96 seconds.
Economy | Information | History | Online | Facts | World | Global | Money
A simple explanation of what's wrong with the global economy, and why it's getting worse.
Comments
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isn't country B, actually a private bank?
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Did you say simple? How about simplistic" And what has it to do with the GFC? Nothing! It doesn't even mention it!
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Simple and best video. Thank you.
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You dont pay interest if you pay off the balance every month
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What a dumb video. This man has a tenuous grasp of economics.
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Nobody asks where the interest goes? 0.1%?
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i agree with everything but slightly annoyed that the author did not mention that if you can only pay part of the interest 'and you keep borrowing money' then that makes the debt burden even worse.
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The video makes sense but in no way shape or form explains the GLOBAL FINANCIAL CRISIS. WTF? Change the title or take it down. Any global crisis video that doesn't mention US Housing bubble, Banks and CDOS is wrong.
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That was 95 seconds not 96. I don't trust this guy anymore.
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This is more and more becoming worrying news for investors
https://www.facebook.com/investmentsabroad -
This is happening in Sweden, and we are not in Euro zone!!!
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And the countries and leaders that propose sound currency to avoid such problems get destroyed and killed. Nothing suspicious to see there, eh?
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Strange... I didn't hear the word ''bank'' in this video...
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Every country in the world's debt is growing? That doesn't make sense. Shouldn't the net debt in the world be 0?
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Ancient Babylonians knew very simple math modern "economists" refuse to see.
A loan on 5% interest doubles the amount owed in less than 15 years.
Add to this the current banksters swindle where modern money in circulation (FIAT money, or debt based money) has long ago ceased to have anything to do with real goods and production and you have a premeditated fraud specially devised to create CHAOS so certain people can play "Saviors" by providing you with a solution that will take away from you ANY form of freedom, simply so that they will able to rule as "One World Government".
The idea is a very simplistic one. Everybody will be so disgusted with everything that they will be just ripe to beg: "Save us. Save us. Oh please, oh please SAVE US!" And the "saviors" will say. "Oh, it's very simple. You only have to abolish money and you are all set. And then, blah, blah, ..."
They don't tell you that along with that, there goes all of your rights to property, freedom, individual thought, all of that goes by the boards, but that's only a minor detail in "saving" you, see?
What a childish idiotic way to effect a "One World Government" indeed ...
They will do anything and everything to create that chaos and havoc not only in the economy, but also in social problems, wars, and so on, the entire package.
Well, I don't blame them. That's all they know, so that's what they do. Typical behavior of criminals and idiots:
Utterly unable to think of consequences -
This is amazingly wrong.
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Let's get things straight for someone who may be interested in learning about the Global Financial Crisis (note the capitals for the proper noun - i.e. it's a proper name). This is not about the Global Financial Crisis, this is more of generic complaint about an aspect of the current international financial system (you can agree or, like most economists, disagree with it).
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Republicans: Cut Taxes, cut government spending...but let's just give the military money we don't have.
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Why would they get angry after sending their money to foreigners.?
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