World Financial Crisis: A simple explanation

[starcorpvncj]

A thought-provoking video. Well explained. Thanks

[richardwilliam1967]

END THE FED!

[jacopman]

Let see..........

Earth resources and its biosphere = a host cell

humans = virus

applied technology to production = a virus corporate population on steriods

fractional reserve bank debt lending = a virus corporate steriod population on growth hormones

Consumption = virus depleting and polluting host cell

Result?

Host cell becomes depleted and virus population plummets or becomes extinct.........

We deal with reality or it will eventually deal with us.........

[m1trekker]

I like this theory, it is simple

[deceiver123m]

world financial problem, a simple explanation: Creating fake fiat money and fake bubbles while u let people produce, then lease homes from you. When enough people lease homes from you, you bust the bubble and call in the debts. Then you take back the houses and start the bubble all over again so that when your child is old enough he can bust the bubble and steal more peoples houses right back from them regardless how many years they payed on time. That is the real story.

[c10004]

Not bad for a film that was made 3 years ago.

[duck24x]

Your explanation fails to "close the loop" of labor vs consumption.

There is nothing wrong with people losing their jobs and not having money - as long as they are GIVEN ALL THE GOODS & SERVICES that they had been producing all those years! If you produce all the food, shelter, energy that you'll need for the rest of your life, then as long as everyone is given those things, you'll have no more need of money or jobs.

[thedirtys2006]

people are only as good as they are effective to doing manual labor. whatever that may be. machines don't get paid. people get paid to make machines. but once the machines are made. it only takes less people to do the work. but to only look after the machines which doesn't take as much work to do.

as humans we use more on this planet as well. people or someone i remember hearing over n over. "we are a throw away society" as a whole. wasteful n lazy as the days go on.

[melvintabao]

great video. please do more so we can dig complex matters.

[SalamandraProduction]

It is a correct explanation within the capitalist system. The problem is the system, not technology

[sobeita]

You're quite right. Wait, what?

[the5h4rk]

so this guy is saying that new inventions and technology cause depressions?? that is the most ridiculous thing i have ever heard. there is ZERO negative consequences of increased productive efficiency through technology and innovation

[BlackNeon9]

well when you produce more than you consume you have a problem of over production because if people cant afford they are sticking to the essentials like food and transport etc.... its obvious that the efficiency is not needed if nothing is being consumed...

[duck24x]

@the5h4rk Exactly. The problem is the stupid unjust social economic system. If I could produce all the food, shelter, medical treatment etc in the world at practically zero cost through some technological miracle, there would be no poverty in the world as long as I give all that I produce to everyone and not be a capitalist horder of money & capital.

[Polyphonic30]

i remember that the same explanation was told by my teacher years ago,,, basically we need more work for people to get the money rolling. is that right?

[mkat825]

Yes, the reasons are more multi-layered but in essence, I think he's got it. Thank you. We've got to find a way to reverse the process, so that our new modes of production and consumption involve producing goods from recycled products and rebuilding our environment. Seems we've exhausted our consumer products and natural resources to the point where our future productivity will rely on reversing the very process that got us into this mess.

[bilmcf1964]

It's all rather simple. It's a vicious cycle that I don't think that we are going to climb out of any time soon.

[american2american]

Therefore, capitalisim as we know it will never succeed because of advanced production through engineering and technology....that coupled with an ever growing population....your simple explanation as to why we are in a world crisis is a definite piece of the pie. However, there are many more factors. One day we will all look back and say...the answer was so clear, why didn't we see it??????

[Apostol888]

Must see this:

watch?v=n2-wvUgHaA4

[discouniverse]

I do not understand why then we are developing technologies??? this idiot is saying that the best for us to be enslaved and do not progress...problem is that THE FREE MARKET CANNOT EXIST AND NEVER EXISTED...IT'S AN UTOPY

[Mern04]

hey man!!! can i ask something!!!

what is the cause of world financial problem??? hehe need for school. hheh

[discouniverse]

of cause, the first problem was inflation, and now started deflation...in first case your money value was deliberately decreased, in second all those valued money were taken by the very people who inflated them and now deprived people must pay to them to increase decreased value of money, that means long years of FREE WORK or they just rob you, AND THIS MEANS A SLAVERY

[Mern04]

hey man thkx for ur reply, =P

[discouniverse]

idiot

[bn6658]

Yea, that didn't explain much..

You fail to factor in all the inflation caused by governments and their inefficiency. The federal reserve allowed the money supply to decrease by 1/3 from '29-'33.

The federal reserve system has more to do with today's depression and the Great Depression than the things you mention in the video.

[elbuggo]

Poor - 1 star from me

[Boomer1949]

Going beyond just the UK and the US, this is a Global market now. With the competition for lower and lower cost to continue to show growth in a company, boosting the stock, the race to the bottom was on about 25 years ago. This situation widens the distribution of wealth, and 1% or 2% of the population can't sustain the system. We are seeing this break down now. The question is how low will it go? Factories in China can't buy the goods they produce either.

[wanderingeyes11]

Oh and by the all this information I'm giving you is well documented as well.

[cmmonkey]

It is indeed true that there are many economists who believe that the collapse of the stock market in 1929 caused the depression. However there are far fewer historians who believe that explanation.

[wanderingeyes11]

So you're saying innovation x consumer demand divided by less workers and wages earned = the fundemental reason of the great depression. Am I missing something? The great depression was "Great" because we had an incompetent president that threw everything but the kitchen sink in order to try and solve the crisis. The actual cause was bankers strategic call on loans during a flooded $ economy then extracting the $ right before the call leaving people no $ to pay the call thus crashing market.

[c10004]

I think it is important that we respect the wisdom of Roosevelt, Tugwell, Henry Ford and many more. These men not only lived through the depression, they architected policy to get us out of the depression.

Their explanation of the Great Depression is well documented and is the explanation that I have given in this film.

[deceiver123m]

@c10004 ill remind you that Henry Ford always made sure to keep his money in liquid assets and not in stocks or bonds. ie. gold. Since henry is not a dumb ass, he knows that the bankers are going to blow up the prosperity bubble any time. Every time a bubble bursts, you will see the Ford company buying up other smaller business for pennies on the dollar. Its not production- its the manipulation of the market by International Bankers. Henry Ford knew this from the very beggining of his company

[deceiver123m]

@c10004 and everyone knows that Presidents are working for the big international banks that create and later burst the prosperity bubbles. Get real, dont use presidents to justify good economics. Presidents are politicians, and politicians see good economics as the type that gets their family fed and taken care. For a politician economics has nothing to do with helping the poor of this nation- for politicians economics is the means to help corporations.

[amasomah]

Brilliant! Thank you!!

[cmmonkey]

Finally an explanation that makes sense !!!