the problem is that we don't have our money so we keep borrowing money from the ECB wich is e Bank of no state.We can not print money so we have to bay Euros at the market.
Google new economic prespecrives prof L.Randall Wray of university of Missouri Kansas City it explain deeper into ditails the europian situation. it calles Modern Money. Theory. Bye from Italy.
Thank you Mr Hirsch, you explain it without any agenda and you are easy to understand. We all need this education, and keep making these videos. Otherwise we will be forced to learn from headlines, and you know how wrong that is.
Dear Paddy, as a dutch teacher in economics at a local High school, i really enjoy to watch your videos. Sometimes I even use your parallels in class to make things easier to understand (especially when I try to explain subjects like CDO's & CDS''s). Anyway keep up the good work and thanks a lot for what you already did!
But to me it seems like all these countries in trouble could have avoided it with a little common sense but would most of us have done exactly the same if we were in the same situation? hindsight is a wonderful thing! lol
Thank you Paddy ! Great Analysis ! Keep up the good work. Im just woundering... Where is the european central bank in all of this ? Can´t ECB support the Italian economy by buying Italian bonds ?. It seems that Italy and ECB´s Faith is some what correlated.
nicely explained , kudos
houdapurple 3 weeks ago
3mins+56secs..... more like 3 hours 56 mins and still cant describe all thats wrong with Italy !
metals0999 1 month ago
Italy is a Great Country. i Think Them Will Rise Again.
richard61436 2 months ago
Comment removed
GrenadaRent 2 months ago
Love your videos paddy! easy to understand! Keep em coming
kickbin 2 months ago
Where is Marx when you need him.... ?
tellyontellyon 2 months ago
@tellyontellyon DEAD. AIDS of course.
November10th1775USMC 2 months ago
You are so creative Paddy. I love "your way" of teaching. Keep the video's coming please!
farisallawati 3 months ago 3
Soooo... basically, Italy is in the shits because there's a bunch of down-syndrome Jakes, and they spend money like the average American?
Airgutter87 3 months ago
@Airgutter87
the problem is that we don't have our money so we keep borrowing money from the ECB wich is e Bank of no state.We can not print money so we have to bay Euros at the market.
Google new economic prespecrives prof L.Randall Wray of university of Missouri Kansas City it explain deeper into ditails the europian situation. it calles Modern Money. Theory. Bye from Italy.
4iwishyouwerehere 2 months ago
Great explanation. I think most of us drank enough in 2008. Time to re-gear the currency charts.
arseneremy 3 months ago
love it paddy thanks
rolficus 3 months ago
great vid Paddy. Thanks for sharing.
dunk1978banker 3 months ago
Thanks Paddy!
phippogriff 3 months ago
I NEED a drink!!
WhatsupVic 3 months ago
Thank you Mr Hirsch, you explain it without any agenda and you are easy to understand. We all need this education, and keep making these videos. Otherwise we will be forced to learn from headlines, and you know how wrong that is.
Avinash1943 3 months ago 18
12% over 1million is 120,000 :) No way was our hero able to take 1Mil load initially if his income was below the yearly payment.
Aside from that, great vid!
drmkkk 3 months ago
the people who lent the money would they not know its made no sense for italy to borrow at same rate as germany?
optionsupdate 3 months ago
Excellent video! Thank you
angelmlt7 3 months ago
Dear Paddy, as a dutch teacher in economics at a local High school, i really enjoy to watch your videos. Sometimes I even use your parallels in class to make things easier to understand (especially when I try to explain subjects like CDO's & CDS''s). Anyway keep up the good work and thanks a lot for what you already did!
NeLiZu 3 months ago
Again, well explained :-)
Prostorov 3 months ago
great video
Thewally1000 3 months ago
great video!
But to me it seems like all these countries in trouble could have avoided it with a little common sense but would most of us have done exactly the same if we were in the same situation? hindsight is a wonderful thing! lol
kurt12345678910 3 months ago
Thank you Paddy ! Great Analysis ! Keep up the good work. Im just woundering... Where is the european central bank in all of this ? Can´t ECB support the Italian economy by buying Italian bonds ?. It seems that Italy and ECB´s Faith is some what correlated.
kimdals 3 months ago
Sounds really bad. I understand the yield going up to 7% this Wednesday caused the market to panic, but why did the market rally again?
kenji4861 3 months ago
Thank you so much for posting, great video, more people should really know what's is going on!
MrSky 3 months ago
Great parallel. Love your short vids and analysis!
dgmoocher 3 months ago
How are you going to get that drink with zero credit?
Time for competing currencies; Win for Free Market, Loss for State coercion!
GriebKyle 3 months ago 6