The Descent of Finance

[katheryncruz24]

Nakss!

[dayspeace]

I like how he explained his view on the economy and finance. this is a really great help for my coming report. This is really a good resource material for my Finance class.

[thebigfootme]

nice one!

[whotaughtyou]

JUDGE JOODY UMPIRE TEST TRIAL DATABASE A/D NIGERIA

[Baredamage]

An economy that only economises for the rich.... well done

[Surfwtw]

We have a new website up. It is a business dictionary with all sorts of other cool financial tools. subjectmoney com

[TheFriendlyEngineer]

He seems pretty optimistic in this particular video but not in the previous article that he is talking about now,people need to save their money and pay down on reasonable mortgages.

[AegeanKing]

Why on Gods green earth do you spell the name Neil like that? His name looks like its called "knee-all".

[westpointinvest]

twitter.com/#!/westpointinvest .. Gives daily financial opinions

[FlyingNinja11]

Too much credit floating around the USA in the form of car loans, home loans, credit cards. In developing countries people pay mostly by cash. In US however, people hardly have ready cash to spend. I was talking to a professor at a high ranked university in the US who was earning above 100K/yr and he was saying how everything he earned went away on all the loans he took on his personal and family needs. This insanity of credit lending needs to get well regulated by the government.

[hegang]

His predictions have come true

[juliusreea]

nowdays finance system imho is biggest heist of mankind

[8peregrint8]

@viktorhat

Quality of educational systems is not as important as the social ambitions of the population. The US has one of the highest productivity rates per person in the world regardless of the quality of their education.

[GoldmarkIndustries]

WHEN EVERYONE'S OUT FOR THEMSELVES, THEY WILL DESTIN THEMSELVES FOR "ECONOMIC" FAILURE. WE LIVE IN A WORLD OF GIVE AND TAKE.  -PEASANT TELEMARKETER & SHOE "SALESMAN"

[chefshitpiece]

@viktorhat Well this is this and that is that...you want Oktoberfest, go to Germany. You want a good education, go to States or England. I think thats pretty much common knowledge, and im not interested in disputing the point with you. Its tedious.

[TomHartill]

@chefshitpiece - Why would you go to the states for a good education?

The only way you really get a good education in the states, is if you have a but load of money, otherwise the US really has a very below average education system.

[chefshitpiece]

@TomHartill Well, go to NYU campus and walk around. YOu will see many foreign students. Now go to a university and Beijing, see how many American, CAnadian, or English students you see there. Virtually none.

[TomHartill]

@chefshitpiece - "Beijing" lol, why would you even use that comparison?

The US has some of the worlds finest universities yes, but only becuase they are very privatised and only students with scholarships and bags of money get to go there. The cost of a decent education in the US is many, many times higher then most Europian countries. Besides having a few good Uni's does not make a good educational system...

[chefshitpiece]

@TomHartill Beijing was a random example I picked to underscore a more genral point, which I shall now reword: I have been to 3 different high schools, and in my time I do not recall one student ever telling me how he planned to go study in another country. I have heard manhy students say they would love to go to Harvard or cross the pond so they could go to Oxford. This post started off as a discussion about economic collapse and where th eblame lies, not an educational excursion.

[TomHartill]

@chefshitpiece - The fact still remains that the American educational system could be a hell of a lot better and is simply not as good as a lot of other countries.

The US education system can only be said to be good at a university level. Now take into account that only students with the cash actually get into uni, and then take into account that 1 in every 4 students will drop out.

I also read somewhere that a degree at the top US uni's is only worth half of that of a top UK uni degree.

[chefshitpiece]

@TomHartill Great! Im in my last year of law at London School of Economics! Thanks for the heads up man, I couldnt be happier! But it doesn't change the fact I have never, EVER in my life heard anyone I went to high school with say "Aw man! I cant wait to get into Uni of Bangledesh" while I have heard plenty off people say "Harvard....if only!"

[TomHartill]

@chefshitpiece - Well thats because America is a very insulated and isolated country. Most Americans are very biasd and arrogant and know nothing of the outside world. I can't remeber the exact figure but I think that over 80% of Americans don't own passports, while here in the UK the figure is almost opposite.

In US schools you are taught about America and not much about the outside world, I would even go as far to say that US elementary schools are nothing but propagander factories!!!

[chefshitpiece]

@TomHartill Yeah, I think you are taking a position that has some merit, and one could argue it very well. Americans are a strange people, with a bizzare subculture.

[chefshitpiece]

@viktorhat Sorry, we seem to be walking into a definitional problem here: I dont like your line of reasoning, bcuz society by definition is MADE up of 'the average' .As to your second point I feel I have to disagree. US/Canada are some of the best educated countries in the world, (Harvard, Yale, Dartmouth, MIT, do I need to continue?), c'mon man, we have the ed, but the jobs are just not there anymore. Sorry man, I CANNOT agree with you! The facts do not support your line of reasoning.

[chefshitpiece]

@viktorhat I dont blame you guys and I dont blame the homeowners. BLAME the owners of business who have been scaling back real wages for 3 decades now. If the average bloke was making enuff cake to buy a home on wages alone, THEN this mess never would have happened. Why is everyone blaming the banks?  its not their fault the average Joe not even make enuff dough to put a roof over his head!

[Avidcomp]

@viktorhat I'm not blaming you for your failures, I just believe people should be allowed to fail. The competent should pick up the pieces from the incompetent. What we have now is socialism for the rich. We should have let those banking and financial institutions fail. It would be bad for a year or two, then we'd have a market correction and things could grow again. It's ludicrous to throw good money after bad. The debts now will not be paid off for many years if at all.

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[Krndancedance]

Correct me if I'm wrong, but the trouble in Bangkok was not due to the financial crisis but about the king firing the prime minister or something like that???

And yes he's scottish, but he doesn't exaclty sound like Sean Connery either... Back in the day American upper class spoke with a mid atlantic accent, sounds like he has a similar deal going on.

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[biggsy182]

Hmmm. So THIS is the guy Krugman bitch slaps on an almost weekly basis.

[B7ACKNEONder]

Some people care more about money than people, and they may live near schools!

[raskdelvedeep123]

Britain is mentioned a few times with emphasis. He's obviously British with an English accent and probably even graduated from Oxford.

[windbag86]

He actually has a Scottish accent so I'm afraid you are wrong.

[colourmegone]

For 'financial innovation' read 'confidence game'. Not even The Great South Sea Bubble was as cynical a manipulation of the financial system as the current 'crisis'. Whenever money is needed for health care, education, etc the financiers all decry the cost to the public purse and bewail the lot of the taxpayer, let their own holdings go down the drain and it's Government Bail Out Time, and not even a kiss for the poor, buggered taxpayer. And no, they don't pay taxes, you do!

[iKicker]

EMH is dead and so is all of this innovation that you are speaking of. We literally know nothing about markets other than the fact that information influences people and effects price. We use beta because we are afraid of looking at the market for what it is.

[dlowrey3333]

Finance is such a dry subject. Check out my link for a humorous take on it . . .

[MrPontiusPilate]

Nitro is a gay right wing twat. Or should I say he is a Log Cabin Republican?

[mrsinn]

This guy says that the Chinese may start buying copper instead of currency's !

That says it all.

[sfsTrader]

harvard professors are notorious for giving horrible snapshots of any markets. a year ago Harvard lost %30+ in their investment portfolio, plus another 40% on something else.....and both were run by faculty, not some student organization thing. this guy was probably one of them.

[ytertyu]

screw those cocksuckers who studied business and hoped to land a job with six figure salary in an investment bank

[MrPontiusPilate]

You shouldn't hate someone just because they are soulless. It's too common to hate.

[mckeonjt]

@MrPontiusPilate

Easy there friends. We're all not souless coucksuckers k. I know you haven't yet, but read his book then rant on Youtube.

[MrPontiusPilate]

You are a soulless cocksucker and you know it. Just kidding. No, I've never read his book but I watched his entire Finance series. It was actually pretty informative and entertaining.

[ytertyu]

@MrPontiusPilate PP ??? ...yeah , pretentious dickblower is gonna lecture us , coz he's yankee asshole who knows it alllll .. most boring nationality on youtube

[MrPontiusPilate]

@ytertyu

Huh?

[shovland]

Why does anyone think that infinite growth is possible on a finite planet?

[Nuanceqwest]

Human beings have advanced so much. What's to say that we cannot do it in future.

Sure we could have another 10-50 years of hardship but mankind will rise again. No one can take away, as far as I can see, the techonological gains we have made and we will build on that.

Mankind will live better in 100 years than they do now.

[JJFZ3000]

Because you can travel to other planets.

[333daveallen]

@shovland because human ingenuity is infinite

[MMAoracle]

@shovland short term infinite growth :)

[JimBean0587]

@shovland Because who says we will still be on Earth in 500 years time?

[mathproof]

Niall is a great intellect. I really appreciate his work. I just purchase the "Ascent of Money." I'm looking forware to getting started with it.

[Moionfire]

God, Niall Ferguson is a hot man...

[completeliar]

hey cani8gr8fag8, that's exactly what i said when i fucked your ugly mum in the arse. Sucked in. Just returning the compliment Paki.

[Gr8Candid8]

I came, I saw, I left in boredom.

[fdlbeats]

its just imaginary, metaphoric symbolism. Pass me another beer.

[shaylo2006]

Recent history shows us that the"higher education elite" within the economic circles are MORONS! They are infatuated with abstract thought as the world speeds by them,spinning their big dumb bolvin heads,the dismal science?..HA HA!...no way! Its not science.

[TheTopBloke]

Mhmmm, and I'm sure you're a genius that knows everything.

[shaylo2006]

I apologize to you on a personal level. On an esoteric level I believe you would agree with me,(maybe not the bolvin heads)

[TheTopBloke]

No need to apologize, just elaborate on your point. Nouriel Roubini from NYU made a good call on it. Ferguson is a historian with a wealth of insight. Guys like Rogers and Soros and Schiff aren't the average financial planner.There are economic theories from different schools. Most of the world these days operates on a Keynesian system.

[blarson1]

You don't agree with modern economic thought? Great. What exactly don't you agree with and why? Maybe you have a unique idea of your own that we can all benefit from. However, until you learn how to express yourself on a point by point basis few will listen to what you have to say. Your sweeping generalizations about academic elite do absolutely nothing to change public perception.

Its real easy to sit behind a computer and flame. Its also real cowardly.

[budb11]

Why hasn't the American edcuctional system taught economics and finance to our students? For example, how the Federal Reserve system works, ie fractional banking concepts or debt as money?

[directorwvp2]

becasue they wish to steal, plunder and destroy us.

You don't enlighten the slave to the fact he's enslvaed ... you merely enslave him without him knowing or suspecting it.

[PointlessVideos4Life]

I came.

[juice797]

Niall is a moron.

[underground24020]

Adi you wont return my phonecalls...you left your cockring in my car...call me!

[thetaxwizards]

We all need some kind of optimism during the recession. I believe I can alleviate your financial stress through 0% tax planning. View my videos free on You Tube or buy the dvd.

[icandevelopment]

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[CorisDavis913]

Ah he has an English accent so he MUST be an expert.

[imangrynow]

No he has a Scottish accent!

[CorisDavis913]

I stand corrected.

[Phase3]

@CorisDavis913 That's pretty much how it is.

[avriloholic]

@CorisDavis913 nice one

[hei21387111]

This guy made a mistake when he said that Estonian goverment was fallen during crises. I know this because I am from Estonia.

[Seano71]

@CorisDavis913 hardly when he's a Scot

[petersz98]

@CorisDavis913

He has a Scottish accent!

[doveisle]

@CorisDavis913 I hear Scottish accent.

[IlRezzonico]

@CorisDavis913 he's Scottish - but he's not an expert, he's a bullshitter who pretends he is the only person in the whole world who knew the financial crisis was coming, although he was remarkably quite about it

[qwert4327able]

@CorisDavis913 hes scottish and has a strong scottish accent

[ktaggart00]

@CorisDavis913

WRONG! He's Scottish and sounds Scottish

[CarbonBlonde]

@CorisDavis913 the guy interviewing him has a real good southern accent!!

[joeovip]

=D ultra interesting

[Memubitsu]

0:38 "Thank Honey"

HAHAHAHAHA XD

[dezibeldani]

may be "thanks on it" ?

[wilhelmyanes]

He is a lot more optimistic in this video than he was in the article he is talking about.

[MatteNoob]

Very good to hear a non partisan view of what is ahead of us. Every day we see special interests groups try to impose their positive views on the current outlook.

Save your money and pay down your mortgages.

[cool70200]

He sees it instinctively like me.

This is what I've been telling my friends.

US employments, sustainable budgets, boosted domestic demand(with little inflation), rising purchasing power along with fine-tuned-lowered costs (taxes, fees)-(but not deflation) will be the real tale of the tape.

And these mixtures wont be around for quite some time.

Good job financial hustlers, you wrecked an economy with arrogance and gimmicks instead of using honesty, truth and good judgement.

[cool70200]

And instead of the huslters paying, others get to pay,

[Seano71]

@cool70200 thanks to awful, useless regulation

[jaz48011]

Excellent!