THE GLOBAL FINANCIAL CRISIS EXPLAINED.

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1. I dont agree with some aspects in this video.
2. I think you don't understand it very well yourself mate
3. I don't have any cash in my bank account so I should be alright when it becomes worthless.
4. thanks, nice vide. Btw. tried to look up your website. I believe it's down.
5. what absolute bullshit, this guy has no idea what he is talking about.,
6. I used to worry about the huge national debts until I heard about quadrillion dollar derivatives markets - just getting used to trillions so had to check what a quadrillion was - only another thousand trillions so they're worth about 10 times global GDP I suppose. When things get reset following numerous national debt defaults, I imagine that market will spiral down like a meltdown in a nuclear facility as will the stock market. Is this why China and Russia are reported as stock-piling gold - as currencies crash the gold price goes into orbit and covers some of the losses and they start again from scratch.
7. THE BIG QUESTIONS
   What's so fucking bad about defaulting?
   Why isn't everybody fighting everybody?
   Why don't we go to war for their resources and kill everyone so you get free stuff with no human liabilities?
   Who is going to whip out the gold to pay the debt FIRST?
   What is Julius Reade's qualification for explaining this?
8. Any ways to break this vicious cycle ?
   
   There has to be a way that money can no longer be created out of the blue, based from loans and mortgages. Because 1 day, the time will surely come that it is no longer be sustainable.
9. Eh wait. This explains the problems with the Keynsian system, granted. But there are a couple of pretty big mistakes:
   -this isn't related to the 2008 financial crisis; quite the contrary. The financial crisis came about from too much deregulation in the banks and a loss of confidence. Keynesian economics actually predicted as opposed to the Hayekian view you are defending.
   -Obama the "manipulating bitches". Granted, he's playing with the currency but well... so did the Republicans. And the financial crisis came BEFORE Obama's presidency. He worked towards fixing it. :p
   Lastly, the whole "eternal debt" thing. I'm not sure I've understood it. Hyperinflation is the monster scenario that only comes about when the gov debt is skewed by something major (say a combination of post-war damage, reparations and an unrelated Great Depression...) not from the normal course of events. And you can't really "live over your means", the value of the stuff in a country is outside of short speculation unrelated to that of the currency.
10. When a currency is introduced it isn't with debt. It's introduced by trading it directly against gold or the previous currency. This money supply comes therefore into existence without any debt on the part of the public.
    
    When the Central Bank uses monetary policy to buy up securities, of course the public has now a debt against the Central Bank that is true. However either this debt is resold to the public or the excess interest and repayment goes from the Central Bank to the government. The government then reintroduces this money.
    
    Whenever a private bank loans it expands the money supply too, btw, so not all money comes from central banks. The expanded money supply allows the borrower to pay back the lender with interest. Imagine there was only a single private bank lending. If I wanted to start a business, I'd take a loan. This loan would expand the money supply. I'd have money to spend but the people depositing could still too (as long as they didn't all at once). So how can I repay my debt with interest? By getting money from the original depositors. 
    
    You also don't understand all debt does not have to be paid back at once.
    
    Imagine for a moment what you are saying is true: the public has to pay more to the central bank then there is money in existence. Then there would be a huge demand for money (in fact insatiable). This would mean massive deflation. The fact we don't encounter this in the world today should be enough proof this is false.
    
    Inflation can be good because it gives flexibility to the real interest rate. 
11. Not everyone borrows money from the bank.  If they did then the entire system would basically be a big ponzi scheme.  Many trade their labor and knowledge for money.  In which case they don't have interest to pay.  Their money is free and clear if any interest.
12. There are so many basic mistakes in this video its frightening to think anyone would actually take this seriously.
13. This presentation has many errors, because the money creation side of a commonwealth government works differently from what the mainstream says. The Commonwealth NEVER has to borrow [it would be borrowing from itself] It SPENDS all of it's money into existence from scratch. To abolish its external debts it simply subtracts the debt amount [maturing securities] in its books and adds it to another account also at the Fed, all in its own spreadsheet. Simple!
14. why do the guys that bought wood have a debt of 23 dollars?
    shouldn't their debt be 75 x 1.07? they gave Tim 75$. they are in no relation to his own debt to the bank.  
15. So... the root cause is........ Interest..?
16. Thanks. It's taken a while for it all to sink in. But I understand now how this works. This video is the icing on the cake. I believe the only answer is global governance, a global reserve currency and a negative interest for the hoarding of currency, by which we could raise funds for what we need and to keep goods in circulation.
17. nb:this guy is a comedian, which means he was just joking, nothing more
18. This is not even wrong. It's way too far from the truth to be considered wrong. It's close to idiotic. Please leave this to economists...
19. The GFC had nothing to do with governments borrowing too much and everything to do with big unregulated banks in the US selling toxic assets and crashing the housing market by flooding it with the properties of sub prime borrowers. Long sentences LIKE A BOSS.
20. This was a good class. Thx, Professor