Great job explaining to people in a basic simple to understand manor. If only that was how markets really work, just look at MF Global missing monies as an example. When getting into options, shorts, news, media, tv, governments, ect there is a lot to the story!
Yet the US government chooses not to raise taxes on the rich and instead begins cutting funding for successful cost-effective social programs like Planned Parenthood, ironically, doing so will only incur greater costs for the government in the long term. Why the choose not to cut the far larger costs such as the collosal Defence budget I do not know. Unless they are perhaps planning a longer-term solution, one that involves never paying of their debt to China, and using military might to do so.
This coupled with the fact that the US debt level, i.e. its debt as a percentage of GDP, has reached nearly 100% at $15.176 trillion as of the third quarter 2011, appears to present a slippery slope for the US.
China is continuing to buy US Treasuty bonds in order to stabalize the dollar, both because China's foreign reserves are in US currency and because the US is a huge market for China and it wants keep the value of the Yuan relatively low to maximise profits from exports.
But investors worldwide continue to buy US Treasury bonds, China currently holds $1.1 trillion worth of US foreign holdings, and Japan owns $900 billion. China is both telling the US to sort out its debt issue and at the same time is buying US Treasury bonds, thereby incurring the US more debt.
Discover the few simple changes to banking that would reduce debt, poverty and economic instability and that would ensure that the reckless behaviour of banks could never threaten the global economy again.
Join the campaign for real reforms to banking at positivemoney
Some argue "true capitalism" is needed, or "true socialism" or "true communism". Well, ALL OF THOSE "ISM" ARE THE SAME CRAP! They all rely on the money/debt game. Money has become the greatest "divide and conquer" devise ever imagined. The whole system must be overhauled to a Global Resource Based Economic System as explained by 95 year old Jacque Fresco, creator of The Venus Project. Otherwise we have no hope as a species destroying ourselves and the whole planet with our rampant consumerISM!
The crux of the issue is to get the Government out of our Financial Markets. For Keynesian Economists to run Economies properly they must be outfitted with knowledge only God possesses. Policy like TARP inevitably harms one and benefits another- as with anything that involves the use of coercion (the sole function by which a Gov. must operate.) Senator Hatch is from my home state, and has since expressed remorse over his support of TARP- he's a bender for Special Interest. Im for Free Markets
Senator Hatch is trying to get another term after 36 years. He's a part of this whole gov. intervention role the fed has so shamelessly assumed at our expense. We need to get rid of the Fed, elect Ron Paul, and please elect someone other than Hatch to make it easier on the nation-
BRAKING NEWS-- BANK RUN -TRINIDAD AND TOBAGO WEST INDIES, REPUBLIC BANK, ROYAL BANK, FIRST CITIZEN BANK and SCOTIABANK thousand of customers simultaneously and secretly withdrawing all their funds, because they believe that the banks might go into bankruptcy, and for fear of the bank becoming insolvent and that they the customer, will lose all their money.people are putting their money in smaller credit union banks or keeping it at home. WAKE UP.!!
someone please tell me, how do you make an animated video like this one? not ones with cartoons and stuff but a flow of information like this, with a narration just to explain/simplify difficult-to-undersdtand topics. Please help!
It is being predicted that rates will stay in the 4 percent range at least through 2012. And whether the Glass-Steagall Act will be re-instituted in the state it was back in the 30s or not will be interesting to see. However, blaming the Internet on any dot com bubble burst is unfair. That is the same thing as blaming a legal gun used to kill someone or blaming a legal patented drug that someone used for suicide. There is a thing called fiduciary responsibility that is lacking due to greed.
When watching this video, everyone should also understand that the Glass-Stegall Act (which regulated banking from 1933 to 1999) made it illegal to intertwine investment with commercial banking. So at 4:18, take note, the Glass-Steagall Act would have prevented the mortgage lender from selling the mortgage to the investment banker. That would have prevented the whole crisis right there.
@AWesome61696 no, the commercial banks sell loan pools to trusts who securitize the loans by turning them into mortgage backed bonds. bonds are sold to investment bankers. mortgage backed securities were traded before the repeal of glass-stegal, back to the investment banking boom of the '80s. Glass Stegal gave birth to modern investment banking, by separating the commercial bank from the direct ability to invest. By selling the mbs's to trusts, commercial banks are not speculating but rather
@TheTrevbrow transferring the riskiness of those loans to individuals willing to take the risk for a premium. Also, raising interest rates to 7% would be retarded because average citizens would be deterred from lending and the whole system could collapse, especially in as fragile state as it is today
@TheTrevbrow it should be raised to 7 gradually. With such low rates today no one can save / invest their money saftley with a nice return. I still think it should be illegall for commercial (in this case mortgage) banks to sell these packages of mortgages to huge investment banks, whether glass-steagall permits this or not.
What needs to be explained is that Greenspan artificially dropping the interest rate is what caused the problem in the first place by driving investors away. Economy is organic and shouldn't be tinkered with like that.
@ZombieX13 but u do realize.. it is the very premise of the economy as a rational, calculative entity, in which people, understand it to be, that in reality.. conveys the artificiality, and the superficiality of the notion of balance upon risk, and therein the basis of credit on margins.. put simply, people will take risk, and people make mistakes, as we are flawed, everything is flawed.. your understanding is relevant, yet irrelevant to the political and social, framework of our world.
US & Europe in Severe Bear Mkt: NASDAQ is a leading indicator for US economy compared to DJIA and S&P500. Click on my name to see complete NASDAQ Technical Analysis Videos (and the other 8 videos) which show full technical PROOFS of why QE1, QE2 and Operation Twist FAILED in U.S, why all policies in Europe will fail and why the SevereCrash is preparing its avalanche now. It is a must watch if you want to protect urself from this looming severe crisis. Blame urself if u are not out of the mkt
The only thing missing in the video- which is most important -is due to Greenspan's low rates a borrower could get a 4% mortgage loan which will adjust - go up to the market rate- after 3, 5, or 10 years. This is called an adjustable rate mortgage.Greenspan increased the interest rate by more than DOUBLE in under 2 years to 8.25%.This caused even responsible borrowers to default before they could refinance their loans to a decent fixed rate.Also the banks are required by the govt to lend to poor
Already commented on this a while ago, amazing video learned a lot, but I wish he would have said stuff about betting against CDOs, mortgage backed securities, and Fannie Mae and Freddy Mac.
They do not become "homeowners", they purchased a Mtg, not a house and they have a tenantcy agreement, the property is registered with the country, and is then assessed for "property" tax, which is really USURY for using Federal reserve notes, which have secret liens "hypothecation" under Admiralty law (war) There is no money, therefore nothing of substance to buy and sell, due to the bankruptcy of 1933, see: " Collateralizing America" & "They Own it All Including you" by: Ronald Mcdonald
@Anonpartition - the FED is not the problem, the treasonus Congress is, they swore an oath to unplhold the
Cons-titution, the FR is a private foreign corporation , they owe the people nothing, and nothing the FR does is possible without the collusion of the whores up on Capital Hill, so why not stop letting the ones responsible play a bait and switch game on us?
When I saw the thing about the .com bust I realized something: the current economic crisis, preceded by the .com bubble, before that there was the 1997 Asian financial crisis, the Japanese asset price bubble of 1991, the Latin American debt crisis & the Wall Street Crash of 1929 followed by the Great Depression. Now if the world economy is a person with the flue, & crisis is like puking, what is the disease then? (I only mentioned crisis I knew by heart, I excluded the 70's oil crisis).
very well done, but only explains the tip of the iceberg. The problem is more structural due to the securitized banking system and the run on the repo market.
This is seriously great!! There was a mention of CDS also in this work of yours, but its implications were somehow not discussed. Could you also explain CDSs in the same manner as you explained CDO and all. Great work. Waiting for new uploads :)
This is a good illustration of what happened inside investment banks but you cant give a proper illustration of the collapse without mentioning Fannie,Freddie, and Ginnie. They were the beginning of all this and fueled the fire throughout.
Our monetary system is based on credit or debt, and without constantly continuing issuance of debt, the whole thing falls apart. Our system of ‘fractional reserve banking’ gives commercial banks a licence to literally create money out of thin air – and then charge interest on the money they created. Fractional reserve banking is the cause of spiralling debt.
The biggest public campaign has started to abolish fractional reserve system. Visit POSITIVE MONEY website and support the campaign.
CAPITALISM creates ELITE CRIMINALS. BANKERS. DRUG LORDS. INEQUALITY. INSECURITY. GREED. RUTHLESS COMMUNISM. NWO. NAZI. TERRORISM. LAZY PEOPLE. REBEL POLITICIAN. ANARCHY. worst is WAR etc.. etc..
CAPITALISM was designed only for CORRUPT OPPORTUNISTIC MANIPULATIVE LAZY POLITICIAN. BANKERS. LAWYERS. DRUG LORDS. JUDGES. CRIMINALS. DICTATORS. RULERS. KING. SULTANATE. EMPEROR etc. etc..
HARD WORKING PEACE LOVING HAPPY HONEST SOCIETY were always the slave victim and poorly starve to death. :(
does anybody know where can I find an econometric ( quantitative ) model involving something related to the current banking crisis??? It does't have to be something state of the art... I need it for my dissertation. PLS !!!!!!
NESARA: A proposed act, and new financial system that would give EVERY person across the entire EARTH freedom from poverty, freedom from containment of their single career, and freedom to help one another. There would no longer be hunger, sicknesses would diminish, shelter for everyone, and medicine available to all. WORLD TRUST FUND distributed to ALL across the planet in equality. NESARA brings back EQUALITY.
This Milton Friedman-monetarist-Greenspan-Bernanke-laissez-faire-clumsy government-rhetoric of classical axioms no longer serves any purpose. Companies are mad dogs, psychopaths who will eat people alive to make a profit. In addition to implement the Glass-Steagall act and making commercial banks a tiny bit responsible, we need to add an amendment (as Common Cause argues) to prevent these psychos from being treated as people by the law.
@TheNorvegicus You do realize Milton Friedman believes in free markets and the monetary policies from Greenspan and Bernanke are anything BUT free markets or laissez-faire....
"We need to start educating ourselves more on the atrocities that these banksters commit against us. They do not serve our interests, and try to subjugate the world to their knees under a corrupt and fictitious system like the current one. Yet I am under pressure to work in the system..
BTW - I found a great credit repair service that helped me a ton with my rebuilding my credit fast. If you are also have some problems, give them a call, they are pros and cheap to boot 888-338-3875 "
one of my favorite quotes. "Banks are worse than standing armies alone." By: Thomas Jefferson. Everyone at once around the world. STOP PAYING ANY AND ALL DEBTS AT ONCE TO STICK IT TO THE BANKS. We have the internet to spread the word very quickly. This would be a revolution of all revolutions and not one bullet would be needed. I love it already. I'm starting next week by closing my Bank Account. I payed off my credit cards years ago and have no mortage and don't want one.
Amazing how something soo complex can be summed up in 10 minutes. This explains two things to me. One, in college, too many asinine subjects are taught which your not going to need to keep you in debt to pay back loans. Two, I've been saying since 1996, when I educated myself on how credit works, WE DON'T NEED CREDIT. If you want to beat the banks. EVERYONE AROUND THE WORLD. STOP paying your debts all together. I mean AAAAALL debts. Fuck banks and their avarice along with greed. Just like.......
@hotshot3434 Yes. Undoubtely a good video. But this is not economics. This is sadly what "economics" has become. What you learn here is chrematistics "the art of getting rich", dealing with increasing the exchange-value of some people in a giving region. Economics deals with increasing the use-value of all the people of a given region.
@hotshot3434 The educational system in almost all countries is very interested in keeping citizens as ignorant as possible about finance and economics. The only lesson they want you to learn is " Spend , borrow , stay in debt and consider a house as some sort of investment". In other words, pure ignorance.
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@hotshot3434 To learn in schools..? are you kidding..? the only thing they teach is how to make love with a condon. Have you ever noticed, the way America has change the tune...? But my question is...where is the outrage?I can see slavery is coming, to the Home of the Free....and the Home of the Brave...what irony,
diversity is killing us....we will be sorry and sonner than you think.
if i learned one thing in school, its that when someone looses money, someone else gains money. if all these people are loosing money, were is it going?
LOL at the terms 'fractional reserve banking' and 'moral hazard' not being mentioned one time in this propaganda video. Also, no mention of 'government sponsored enterprises' aka Fannie Mae - Freddy Mac. So now 1 million people are walking around thinking they are informed about what caused asset bubbles and the 2008-2009 "crisis".
I don't get why the lender charges the investor a fee. The mortgage has a value attached to it that is not necessary intrinsic. Furthermore, it takes time for the money to arrive so if anything, the lender should be selling it at a discount because of interest right? I don't quite understand this
It cost me two months work and six books read to understand what a CDO & a CDS was. Thanks for de-mystifying it. The economist Kenneth Galbraith once said that economics is really very simple - if you can't understand it then someone is deliberately trying to mislead you. Thats what happened with the bankers - they awakened our greed and fed us fraudulent rubbish. I am also posting a video response - my own take on the credit crisis.
Socialism need time to complete from communism. Who don't want to spend all life to see that heaven. They will like to live in capitalism. Can't say anything. But at least communism will not take your house, your life, and your work. Because it need people to make up, not money. Just work and your property will large up. If you want to have a good life now. You will lost anything if crisis held. That is the natural balance.
Yeah, great vid but you definitely need to talk about Fannie and Freddie trying to help expand home ownership. They are the ones who guaranteed it all in an effort to make homes easier to buy.... which made prices go up and the rest is history.
@MakoSharkX by regulation from the government telling banks they have to make a certian amount of thier loans subprime loans to lower income higher risk people
When, through the process of law, the common people lose their homes, they will become more docile and more easily governed through the strong arm of government applied by a central power of wealth under leading financiers. These truths are well known among our principal men who are now engaged in forming imperialism to govern the World. By dividing the voter through the political party system, we can get them to expend their energies in fighting for questions of no importance."
Very creatively put...good audio backgroudn and animationl ..it is an amazing piece of work....motivating to delve down deep and find more about what acutally happened....all admirations for your hard work...creativity.....my suggestion would be to produce similliar animated..cartoonised subjects based on..
1.what is stock market
2.what is financial system
etc....hope to see more creative stuff from your end...
@DoctorBeardface no, its what happens when you create a central bank with the power to manipulate interest rates and issue the currency. this video kinda downplayed the huge role the federal reserve played in the creation of the housing bubble. also the fact that all these investment banks were betting on "too big to fail" and they wont the bet. once the government takes the risk out of the equation, people do overly stupid things.
@anryth Pretty much what I'm saying. It;s dangerous to create opportunities like this as the vast majority of people have no understanding of how the world turns and no foresight.
the video doesn't cover alot of things, but that's the whole idea: it's supposed to be condensed. i mean, it sorts people into to "groups" -- home owners and investors. It used to be that home owners and investors were one. This video makes it sound like they are different species or something. And in other cultures, they don't have "investors", yet they manage to survive. Investors are just parasites.
Who would have been the "winners" if the government did not bail out the big banks and investors? Who ended up losing because of the power of big government? Where did big government get the money to be able to bail out the financial institutions?
Answer these questions and you will be well on your way to understanding how big government will always be the peoples worst enemy, because it uses the force of law to commit theft in order to provide socialism for the rich.
Everything in this video is true and we are all being victimized by this shitty little scam created by the corrupt bankers!!! They are the ones who run the world and cause all the wars and economic collapse going on right now! This is nothing new, it's been going on for years! They caused 9/11, the caused the stock market crash and they are the ones forcing us into foreclosure! It happened in 1929, during WW2 and it's currently going on across the globe! We must all WAKE THE FUCK UP AND STOP IT!
This can all be traced back to some type of govt intervention in the free market.
But I do think it's interesting that the video talks about how the banks use leverage but never mention how the home buyer is in fact doing the same to buy the house. Or, for that matter how any loan you take out is used to increase your leverage.
This can all be traced back to some type of govt intervention in the free market.
But I do think it's interesting that the video talks about how the banks use leverage but never mention how the home buyer is in fact doing the same to buy the house. Or, for that matter how any loan you take out is used to increase your leverage.
the day the american white man, white anglo-saxon protestant white americans let this nation fall down, turn their backs on their own nation, and dont put gold and silver back in their money, then we are all doomed to destruction. every other foreign born hispanic mexican, african, asian ,immigrants hindus, all standing by to take over this country.
@hegemonymony You are missing half the story. Freddie and Fannie did not create the Mortgage Backed Securities Finanicial Bubble. They did get caught up in it by trying to remain competitive in the home lending business. It was the large Wall Street Banks - Goldman, Lehman, Bear Stearns and other who create and bilk trillions of dollars from investors around the world. Now they are poised to buy with their ill-gotten gain for all kind of assets: stocks, bonds, real estate, etc. once prices drop.
@hegemonymony Agreed, the governments hand in this fraud needs to be on display in this easy to grasp method. Don't forget Frank Raines, the Clinton appointee looking out for the little guy while earning huge Wall Street Like bonuses from fraudulent books. Democrats hate fraud and big bonuses, unless its their own. Don't forget Bawney, his pockets bulging with contributions from Fannie!
@hegemonymony Only if you believe that a debt-economy was created in the last ten years. Stock holders, mortgage companies, and home builders (small to mid-sized businesses) did NOT want any changes to sub-prime. They wanted the flow of cash to continue. Even home builder insiders know that the Fannie & Freddie story is just a scapegoat. The inertia for bankers to put pressure on Fred/Fannie to continue to build homes was too strong since no company says, "Yes, we want to make less money!"
Can capitalism save the planet? youtube.com/watch?v=pZsQZU4wdjs
ProletarianCPGBML 3 days ago 2
Great job explaining to people in a basic simple to understand manor. If only that was how markets really work, just look at MF Global missing monies as an example. When getting into options, shorts, news, media, tv, governments, ect there is a lot to the story!
StockMarketFunding 6 days ago
@3:25 they don't always pay it back or atleast in full because some go "Bust!"
465160 1 week ago
@465160 the deal broker not WS. "banks"
465160 1 week ago
Sm.v.
rappelz1337 2 weeks ago
Gqakfjnb
rappelz1337 2 weeks ago
Yet the US government chooses not to raise taxes on the rich and instead begins cutting funding for successful cost-effective social programs like Planned Parenthood, ironically, doing so will only incur greater costs for the government in the long term. Why the choose not to cut the far larger costs such as the collosal Defence budget I do not know. Unless they are perhaps planning a longer-term solution, one that involves never paying of their debt to China, and using military might to do so.
poikilotherm1 3 weeks ago
This coupled with the fact that the US debt level, i.e. its debt as a percentage of GDP, has reached nearly 100% at $15.176 trillion as of the third quarter 2011, appears to present a slippery slope for the US.
poikilotherm1 3 weeks ago
China is continuing to buy US Treasuty bonds in order to stabalize the dollar, both because China's foreign reserves are in US currency and because the US is a huge market for China and it wants keep the value of the Yuan relatively low to maximise profits from exports.
poikilotherm1 3 weeks ago
But investors worldwide continue to buy US Treasury bonds, China currently holds $1.1 trillion worth of US foreign holdings, and Japan owns $900 billion. China is both telling the US to sort out its debt issue and at the same time is buying US Treasury bonds, thereby incurring the US more debt.
poikilotherm1 3 weeks ago
Discover the few simple changes to banking that would reduce debt, poverty and economic instability and that would ensure that the reckless behaviour of banks could never threaten the global economy again.
Join the campaign for real reforms to banking at positivemoney
PositiveMoneyUK 3 weeks ago
An easy solution for economic crisis: see this charmed video ( 6 minutes)
youtube.com/watch?v=fslmey589jE
cosacov 4 weeks ago
The creator forgot to include the government in all of this, they were the main reason for all the problems.
TWSceptic 4 weeks ago
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Some argue "true capitalism" is needed, or "true socialism" or "true communism". Well, ALL OF THOSE "ISM" ARE THE SAME CRAP! They all rely on the money/debt game. Money has become the greatest "divide and conquer" devise ever imagined. The whole system must be overhauled to a Global Resource Based Economic System as explained by 95 year old Jacque Fresco, creator of The Venus Project. Otherwise we have no hope as a species destroying ourselves and the whole planet with our rampant consumerISM!
VenSucre 4 weeks ago
The crux of the issue is to get the Government out of our Financial Markets. For Keynesian Economists to run Economies properly they must be outfitted with knowledge only God possesses. Policy like TARP inevitably harms one and benefits another- as with anything that involves the use of coercion (the sole function by which a Gov. must operate.) Senator Hatch is from my home state, and has since expressed remorse over his support of TARP- he's a bender for Special Interest. Im for Free Markets
pantheons1 1 month ago
@pantheons1
Senator Hatch is trying to get another term after 36 years. He's a part of this whole gov. intervention role the fed has so shamelessly assumed at our expense. We need to get rid of the Fed, elect Ron Paul, and please elect someone other than Hatch to make it easier on the nation-
williamwallace113 4 weeks ago
Please !! What software do you use to make such videos? If youtubers have an idea with what we can do this please tell me. Is it with After Effetcs ?
TheJackPicasso 1 month ago in playlist Financial Crisis 101
Thanks for fucking the world up the ass America.
zerodragon2 1 month ago
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BRAKING NEWS-- BANK RUN -TRINIDAD AND TOBAGO WEST INDIES, REPUBLIC BANK, ROYAL BANK, FIRST CITIZEN BANK and SCOTIABANK thousand of customers simultaneously and secretly withdrawing all their funds, because they believe that the banks might go into bankruptcy, and for fear of the bank becoming insolvent and that they the customer, will lose all their money.people are putting their money in smaller credit union banks or keeping it at home. WAKE UP.!!
leef0flife 1 month ago
someone please tell me, how do you make an animated video like this one? not ones with cartoons and stuff but a flow of information like this, with a narration just to explain/simplify difficult-to-undersdtand topics. Please help!
bodna03 1 month ago
@bodna03 you need adobe after effects + illustrator (or similar), skills and imagination.
UdosTelevision 1 month ago
It is being predicted that rates will stay in the 4 percent range at least through 2012. And whether the Glass-Steagall Act will be re-instituted in the state it was back in the 30s or not will be interesting to see. However, blaming the Internet on any dot com bubble burst is unfair. That is the same thing as blaming a legal gun used to kill someone or blaming a legal patented drug that someone used for suicide. There is a thing called fiduciary responsibility that is lacking due to greed.
newbusinessresources 1 month ago
When watching this video, everyone should also understand that the Glass-Stegall Act (which regulated banking from 1933 to 1999) made it illegal to intertwine investment with commercial banking. So at 4:18, take note, the Glass-Steagall Act would have prevented the mortgage lender from selling the mortgage to the investment banker. That would have prevented the whole crisis right there.
What the US should do now:
1.) raise interest rates to 7%
2.) put the glass-steagall act back into effect.
AWesome61696 2 months ago 2
@AWesome61696 no, the commercial banks sell loan pools to trusts who securitize the loans by turning them into mortgage backed bonds. bonds are sold to investment bankers. mortgage backed securities were traded before the repeal of glass-stegal, back to the investment banking boom of the '80s. Glass Stegal gave birth to modern investment banking, by separating the commercial bank from the direct ability to invest. By selling the mbs's to trusts, commercial banks are not speculating but rather
TheTrevbrow 1 month ago
@TheTrevbrow transferring the riskiness of those loans to individuals willing to take the risk for a premium. Also, raising interest rates to 7% would be retarded because average citizens would be deterred from lending and the whole system could collapse, especially in as fragile state as it is today
TheTrevbrow 1 month ago
@TheTrevbrow it should be raised to 7 gradually. With such low rates today no one can save / invest their money saftley with a nice return. I still think it should be illegall for commercial (in this case mortgage) banks to sell these packages of mortgages to huge investment banks, whether glass-steagall permits this or not.
AWesome61696 1 month ago
Comment removed
AWesome61696 2 months ago
Keen Debunking Economics Oxford 2011 Monbiot Seminar
watch?v=YoaUTpr2SNo
KenMacMillan 2 months ago
Comment removed
Roy48 2 months ago
What software is used to make this?
aphextwig 2 months ago
Unbeleeeeevable (bill walton voice)
htdifinancial 2 months ago
So much easier to visualize something like this
reversemortgagesaus 3 months ago
I was looking for crisis 2 videos and I got this and it is pretty interesting
hazafackennoob 3 months ago
What needs to be explained is that Greenspan artificially dropping the interest rate is what caused the problem in the first place by driving investors away. Economy is organic and shouldn't be tinkered with like that.
ZombieX13 3 months ago
@ZombieX13 but u do realize.. it is the very premise of the economy as a rational, calculative entity, in which people, understand it to be, that in reality.. conveys the artificiality, and the superficiality of the notion of balance upon risk, and therein the basis of credit on margins.. put simply, people will take risk, and people make mistakes, as we are flawed, everything is flawed.. your understanding is relevant, yet irrelevant to the political and social, framework of our world.
teddythebenny 2 months ago
@ZombieX13
Then the INTERNET IS TO BLAME because of the Dot come Bubble Burst!!!!
It all traces back to the U.S. Military creating the Internet in the first place! Bastards!
degree7 2 months ago
@degree7 Yes, the government created the dotcom bubble too the same way they created the housing bubble.
ZombieX13 2 months ago
It sort of forgot Fannie, Freddie, HUD etc. which also played HUGE roles.
Thatmakessense356 3 months ago
Great work. AAA
TheCatHatRat 3 months ago
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US & Europe in Severe Bear Mkt: NASDAQ is a leading indicator for US economy compared to DJIA and S&P500. Click on my name to see complete NASDAQ Technical Analysis Videos (and the other 8 videos) which show full technical PROOFS of why QE1, QE2 and Operation Twist FAILED in U.S, why all policies in Europe will fail and why the SevereCrash is preparing its avalanche now. It is a must watch if you want to protect urself from this looming severe crisis. Blame urself if u are not out of the mkt
DonovanHSAng 3 months ago
The only thing missing in the video- which is most important -is due to Greenspan's low rates a borrower could get a 4% mortgage loan which will adjust - go up to the market rate- after 3, 5, or 10 years. This is called an adjustable rate mortgage.Greenspan increased the interest rate by more than DOUBLE in under 2 years to 8.25%.This caused even responsible borrowers to default before they could refinance their loans to a decent fixed rate.Also the banks are required by the govt to lend to poor
asuwish0000 4 months ago 4
Already commented on this a while ago, amazing video learned a lot, but I wish he would have said stuff about betting against CDOs, mortgage backed securities, and Fannie Mae and Freddy Mac.
xXxDANMANxXx 4 months ago
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HOW TO PROFIT LIKE THE ULTRA-RICH DURING TIMES OF ECONOMIC CHAOS!
*** globaleconomicwarning.blogspot.com ***
You must watch this webinar if you want to get through these hard times!
marrtime 4 months ago
so low interest rates an sub prime lead to our financial fiasco.
outlandftw2 4 months ago
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America’s Next Big Crisis: Just when you thought things were looking up...comes word
from a wealthy U.S. businessman who believes that the next 6 months events will shake the very
foundation of our nation. See his full prediction here...
*** economicwarning.blogspot.com ***
AdpostX 4 months ago
this is fantastic ... good job! and fuck big bankers :P
88roro11 4 months ago
the borrower is a slave to the lender
GOPrEvil 4 months ago
Having more kids does not necessarily make you less responsible.
Kingofprinces85 4 months ago
@Kingofprinces85
Smoking does.
Also letting your kids cry for no apparent reason while you suck some smoke into your lungs.
defiantBlaze 4 months ago
@Kingofprinces85
Drinking also does.
defiantBlaze 4 months ago
They do not become "homeowners", they purchased a Mtg, not a house and they have a tenantcy agreement, the property is registered with the country, and is then assessed for "property" tax, which is really USURY for using Federal reserve notes, which have secret liens "hypothecation" under Admiralty law (war) There is no money, therefore nothing of substance to buy and sell, due to the bankruptcy of 1933, see: " Collateralizing America" & "They Own it All Including you" by: Ronald Mcdonald
ngonea 4 months ago
Yuckkkkk
D:
thawillyfish 4 months ago
I love how the "less responsible" are fat, smoke, and have a bunch of kids. Sadly accurate.
Blaphtome 5 months ago
End The FED
Anonpartition 5 months ago
@Anonpartition - the FED is not the problem, the treasonus Congress is, they swore an oath to unplhold the
Cons-titution, the FR is a private foreign corporation , they owe the people nothing, and nothing the FR does is possible without the collusion of the whores up on Capital Hill, so why not stop letting the ones responsible play a bait and switch game on us?
ngonea 4 months ago
well done
abhi0srvstv 5 months ago
youtube.com/watch?v=733Zn28xxzs - nice one. this is how it's explained ... by Britney Spears songs ... and oddly enough, in chronological order. :)
laughzilla 5 months ago
When the Chinese bubble bursts. We are sooooooooooooooooo fucked!!
dfg93353 5 months ago 2
When I saw the thing about the .com bust I realized something: the current economic crisis, preceded by the .com bubble, before that there was the 1997 Asian financial crisis, the Japanese asset price bubble of 1991, the Latin American debt crisis & the Wall Street Crash of 1929 followed by the Great Depression. Now if the world economy is a person with the flue, & crisis is like puking, what is the disease then? (I only mentioned crisis I knew by heart, I excluded the 70's oil crisis).
TheRacistsMustDie 5 months ago
very well done, but only explains the tip of the iceberg. The problem is more structural due to the securitized banking system and the run on the repo market.
gforsi 5 months ago
This is seriously great!! There was a mention of CDS also in this work of yours, but its implications were somehow not discussed. Could you also explain CDSs in the same manner as you explained CDO and all. Great work. Waiting for new uploads :)
mstrmndindia 5 months ago
amazing
alphanhitay 5 months ago
damn good :) :)beautiful explanation..even a dumb minded like me has understood the capitalism to a bit now.. cheers to the makers :) :) :)
kirity2k9 5 months ago
at 1:20 now it is AA+ OMG this wolrd is going down
nobody8955 5 months ago
excellent video
radelgratereaux 5 months ago
can anyone make subtitles for this video?!!?
gabriew111 5 months ago
This is a good illustration of what happened inside investment banks but you cant give a proper illustration of the collapse without mentioning Fannie,Freddie, and Ginnie. They were the beginning of all this and fueled the fire throughout.
adulby 6 months ago
this should win best animated feature at the academys!
benjaminbenny1 6 months ago 18
i love this video
cheapprintedtshirt 6 months ago
This was amazing! Can be one of the most important clip in the world today! Send it to all your mates who dont want to live in this illusion.
swedishmetalupyours 6 months ago
Our monetary system is based on credit or debt, and without constantly continuing issuance of debt, the whole thing falls apart. Our system of ‘fractional reserve banking’ gives commercial banks a licence to literally create money out of thin air – and then charge interest on the money they created. Fractional reserve banking is the cause of spiralling debt.
The biggest public campaign has started to abolish fractional reserve system. Visit POSITIVE MONEY website and support the campaign.
PositiveMoneyUK 6 months ago 6
Lets not forget that the Government forced many of these banks into taking these loans
huston345 6 months ago 2
i llike the graphic summary of the actual world crisis
QustodianBeta 7 months ago
Только уберите пробелы: dodgygoat.livejournal. com
это кредитная история и история отношений с работодателем!!! Буду рада поддержке!
DodgyGoat 7 months ago
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Futurecop2012C 7 months ago
check out 'inside job'
pubokiazm 7 months ago 31
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lowcoststart 6 months ago
@pubokiazm When I saw the 'inside job' a feeling of restlessness and despair crept inside me. It indeed presents a very gloomy picture.
mstrmndindia 5 months ago
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CAPITALISM creates ELITE CRIMINALS. BANKERS. DRUG LORDS. INEQUALITY. INSECURITY. GREED. RUTHLESS COMMUNISM. NWO. NAZI. TERRORISM. LAZY PEOPLE. REBEL POLITICIAN. ANARCHY. worst is WAR etc.. etc..
CAPITALISM was designed only for CORRUPT OPPORTUNISTIC MANIPULATIVE LAZY POLITICIAN. BANKERS. LAWYERS. DRUG LORDS. JUDGES. CRIMINALS. DICTATORS. RULERS. KING. SULTANATE. EMPEROR etc. etc..
HARD WORKING PEACE LOVING HAPPY HONEST SOCIETY were always the slave victim and poorly starve to death. :(
kopellhinex 2 months ago
does anybody know where can I find an econometric ( quantitative ) model involving something related to the current banking crisis??? It does't have to be something state of the art... I need it for my dissertation. PLS !!!!!!
kla7848 8 months ago
Видео на русском можно скачать на:
НТТР://truetorrents.ru/torrent-2138.html
AbyBakr 8 months ago
This video is great.
kopi5896 8 months ago
Good video.
saijai587 8 months ago
Thank you for sharing.
minami935 8 months ago
One thing should be also explained, how the "investors" got they pail of money at the first place.
Or let's say how many lives did they sacrificed to get this money.
miras202 8 months ago
NESARA: A proposed act, and new financial system that would give EVERY person across the entire EARTH freedom from poverty, freedom from containment of their single career, and freedom to help one another. There would no longer be hunger, sicknesses would diminish, shelter for everyone, and medicine available to all. WORLD TRUST FUND distributed to ALL across the planet in equality. NESARA brings back EQUALITY.
Nightfli77 8 months ago
This is really outstanding work!
Euquila 9 months ago 2
Love the video work nice keep them coming! When you have time come visit my channel!
TheHcgdietplan 9 months ago
Love the video work nice keep them coming! When you have time come visit my channel!
FatReleaseSystem 9 months ago
anti-child propaganda at 7:30, the less responsible family is portrayed as having more children. Sounds like over-population bullshit.
seanmPWH 9 months ago
this is explained SO well. well done !!
if only university lecturers could break it down like this, more students would get A's. :p
nafism6969 9 months ago
This was no "fiasco". It was ALWAYS going to happen. USURY is debt.
CO2TROL 9 months ago
@CO2TROL usury is DOOM.
nafism6969 9 months ago
it is funny how the no so responsible want to be home owners look quite similar to the greedy bastars (bankers, brokers, ect)
calientote1 10 months ago
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MrXamechok 10 months ago
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MrXamechok 10 months ago
This Milton Friedman-monetarist-Greenspan-Bernanke-laissez-faire-clumsy government-rhetoric of classical axioms no longer serves any purpose. Companies are mad dogs, psychopaths who will eat people alive to make a profit. In addition to implement the Glass-Steagall act and making commercial banks a tiny bit responsible, we need to add an amendment (as Common Cause argues) to prevent these psychos from being treated as people by the law.
TheNorvegicus 10 months ago
@TheNorvegicus You do realize Milton Friedman believes in free markets and the monetary policies from Greenspan and Bernanke are anything BUT free markets or laissez-faire....
corporateGuy89 10 months ago 2
@corporateGuy89 friedman is a fool
BozNow 7 months ago
this is an awesome vid!
crushxcrushxbaby 10 months ago
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"We need to start educating ourselves more on the atrocities that these banksters commit against us. They do not serve our interests, and try to subjugate the world to their knees under a corrupt and fictitious system like the current one. Yet I am under pressure to work in the system..
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addiebauneww 10 months ago 6
one of my favorite quotes. "Banks are worse than standing armies alone." By: Thomas Jefferson. Everyone at once around the world. STOP PAYING ANY AND ALL DEBTS AT ONCE TO STICK IT TO THE BANKS. We have the internet to spread the word very quickly. This would be a revolution of all revolutions and not one bullet would be needed. I love it already. I'm starting next week by closing my Bank Account. I payed off my credit cards years ago and have no mortage and don't want one.
WilliamHCarney 10 months ago
Amazing how something soo complex can be summed up in 10 minutes. This explains two things to me. One, in college, too many asinine subjects are taught which your not going to need to keep you in debt to pay back loans. Two, I've been saying since 1996, when I educated myself on how credit works, WE DON'T NEED CREDIT. If you want to beat the banks. EVERYONE AROUND THE WORLD. STOP paying your debts all together. I mean AAAAALL debts. Fuck banks and their avarice along with greed. Just like.......
WilliamHCarney 10 months ago
thanks for this small lecture about economics. i learned more here than i did at 1 year of school.
hotshot3434 10 months ago 53
@hotshot3434 Yes. Undoubtely a good video. But this is not economics. This is sadly what "economics" has become. What you learn here is chrematistics "the art of getting rich", dealing with increasing the exchange-value of some people in a giving region. Economics deals with increasing the use-value of all the people of a given region.
Alexopolux 6 months ago
@hotshot3434 The educational system in almost all countries is very interested in keeping citizens as ignorant as possible about finance and economics. The only lesson they want you to learn is " Spend , borrow , stay in debt and consider a house as some sort of investment". In other words, pure ignorance.
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TheBlackSeo 4 months ago
@hotshot3434 To learn in schools..? are you kidding..? the only thing they teach is how to make love with a condon. Have you ever noticed, the way America has change the tune...? But my question is...where is the outrage?I can see slavery is coming, to the Home of the Free....and the Home of the Brave...what irony,
diversity is killing us....we will be sorry and sonner than you think.
KAIROA 4 months ago
@hotshot3434 Then you went to a really shitty pathetic school.
efroggys 3 months ago
if i learned one thing in school, its that when someone looses money, someone else gains money. if all these people are loosing money, were is it going?
hotshot3434 10 months ago
@hotshot3434
I definitely agree
muinhocuncun 7 months ago
good video..It became much more profitable to sell paper than cogs..which the people used to pay there mortgages- now what!
jsmythib 10 months ago
LOL at the terms 'fractional reserve banking' and 'moral hazard' not being mentioned one time in this propaganda video. Also, no mention of 'government sponsored enterprises' aka Fannie Mae - Freddy Mac. So now 1 million people are walking around thinking they are informed about what caused asset bubbles and the 2008-2009 "crisis".
ImAud1 10 months ago
@dariothompson111 Well,....it was a clever plan. And it worked.
NBAGOATS 1 year ago
@dariothompson111 obvious SPAM
anonymous13111 1 year ago
I don't get why the lender charges the investor a fee. The mortgage has a value attached to it that is not necessary intrinsic. Furthermore, it takes time for the money to arrive so if anything, the lender should be selling it at a discount because of interest right? I don't quite understand this
crazlunatic 1 year ago
lol
kukAAAz 1 year ago
It cost me two months work and six books read to understand what a CDO & a CDS was. Thanks for de-mystifying it. The economist Kenneth Galbraith once said that economics is really very simple - if you can't understand it then someone is deliberately trying to mislead you. Thats what happened with the bankers - they awakened our greed and fed us fraudulent rubbish. I am also posting a video response - my own take on the credit crisis.
MosestheMushroomMan 1 year ago 2
That tought me a whole damn lot.
rikko338 1 year ago
Make a video with Paulson and Bernanke, senators, etc. to illustrate the crisis? Bernanke is a dog, Paulson is a hawk, GWB is a chimpanzee, etc. ???
1212trogers 1 year ago
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Socialism need time to complete from communism. Who don't want to spend all life to see that heaven. They will like to live in capitalism. Can't say anything. But at least communism will not take your house, your life, and your work. Because it need people to make up, not money. Just work and your property will large up. If you want to have a good life now. You will lost anything if crisis held. That is the natural balance.
hungdirect 1 year ago
Yeah, great vid but you definitely need to talk about Fannie and Freddie trying to help expand home ownership. They are the ones who guaranteed it all in an effort to make homes easier to buy.... which made prices go up and the rest is history.
sdfkjllshadflhadfshl 1 year ago
Thanks for the vid
creditandloansolutio 1 year ago
the crisis doesn't exist!!!
watch?v=9GzOXvCsDaU
MAXEYFUN 1 year ago
the government practically made the banks make the sub prime loans
datsun370z 1 year ago
@datsun370z Wow... how exactly does that work?
MakoSharkX 1 year ago
Comment removed
datsun370z 1 year ago
@MakoSharkX by regulation from the government telling banks they have to make a certian amount of thier loans subprime loans to lower income higher risk people
datsun370z 1 year ago
@datsun370z Somehow my "pulled out of ass" alarm is going off big time.
MakoSharkX 1 year ago
When, through the process of law, the common people lose their homes, they will become more docile and more easily governed through the strong arm of government applied by a central power of wealth under leading financiers. These truths are well known among our principal men who are now engaged in forming imperialism to govern the World. By dividing the voter through the political party system, we can get them to expend their energies in fighting for questions of no importance."
lendusaquid 1 year ago
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tiblon1 1 year ago
Comment removed
tiblon1 1 year ago
since when did having a shitload of kids suddenly become an image of irresponsibility?
redarrowhead2 1 year ago
in times of crisis there are 3 groups of people that always take the blame:
1: Foreigners
2. Financiers
3. Journalists
The politicians escape blame as usual...
iamborghini1 1 year ago
Why at the end did you show the irresponsible family as smokers...seems false and biased.
Amocee 1 year ago
@Amocee smoking around kids is very responsible.
blzm8 1 year ago
@blzm8 And enrolling them into brainwashing "education" is responsible too?
Amocee 1 year ago
@Amocee That's an interesting point, why you brought it up i have no idea, but interesting all the same.
blzm8 1 year ago
@Amocee I noticed that too. I guess they think smokers make bad health decisions so its likely they also would make bad financial decisions.
videoguy837 10 months ago
AWESOME VID Just one thing missing so everyone understands,
maybe someone yelling at the end of the vid screaming
"WAAAKKKEEEE UUUPPP"
BullionLimitedotcom 1 year ago
Very creatively put...good audio backgroudn and animationl ..it is an amazing piece of work....motivating to delve down deep and find more about what acutally happened....all admirations for your hard work...creativity.....my suggestion would be to produce similliar animated..cartoonised subjects based on..
1.what is stock market
2.what is financial system
etc....hope to see more creative stuff from your end...
CHEERS...!
divineraman 1 year ago 2
what is missing is you caused the lending? Who brought the basics for housing investment?
The Government caused the crisis, beacause they set the rules, like low interest rates, Freddi and Faennie and Ninja loans
READ AUSTRIAN ECONOMICS !!!
Windchilly 1 year ago
Are you still in the sixth grade?
macduggles 1 year ago
@Windchilly YES!
Socialism = Creationism
Keynesian economics = Intelligent Design
Austrian Economics = Evolution
CytherLynx 1 year ago
This is fantastic. What an eye opener. This is what happens when u carelessly invest in stupid people.
DoctorBeardface 1 year ago
@DoctorBeardface no, its what happens when you create a central bank with the power to manipulate interest rates and issue the currency. this video kinda downplayed the huge role the federal reserve played in the creation of the housing bubble. also the fact that all these investment banks were betting on "too big to fail" and they wont the bet. once the government takes the risk out of the equation, people do overly stupid things.
anryth 1 year ago
@anryth Pretty much what I'm saying. It;s dangerous to create opportunities like this as the vast majority of people have no understanding of how the world turns and no foresight.
DoctorBeardface 1 year ago
At the end of it all, the big bankers owns US when everyone defaults
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Riddlerx333x 1 year ago
Cool that the investors are shaped bigger the home-owners:D:D
marvinjackson44 1 year ago
one word: Greed
Eloynn 1 year ago
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handkrafen 1 year ago
the video doesn't cover alot of things, but that's the whole idea: it's supposed to be condensed. i mean, it sorts people into to "groups" -- home owners and investors. It used to be that home owners and investors were one. This video makes it sound like they are different species or something. And in other cultures, they don't have "investors", yet they manage to survive. Investors are just parasites.
wakeupscreaming 1 year ago
can someone tell me how such awesome videos are made? I mean, which software is used?
IND123IEN 1 year ago
this is good stuff, now lets see if sub prime mortgage happens all over again so we can call mankind "really stupid"
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sdfgsdgsdfgsdg 1 year ago
Who would have been the "winners" if the government did not bail out the big banks and investors? Who ended up losing because of the power of big government? Where did big government get the money to be able to bail out the financial institutions?
Answer these questions and you will be well on your way to understanding how big government will always be the peoples worst enemy, because it uses the force of law to commit theft in order to provide socialism for the rich.
Go Ron Paul!
Peace
truefictions 1 year ago
did God prohibit usuary? if we just listen!
elmotareal 1 year ago
Everything in this video is true and we are all being victimized by this shitty little scam created by the corrupt bankers!!! They are the ones who run the world and cause all the wars and economic collapse going on right now! This is nothing new, it's been going on for years! They caused 9/11, the caused the stock market crash and they are the ones forcing us into foreclosure! It happened in 1929, during WW2 and it's currently going on across the globe! We must all WAKE THE FUCK UP AND STOP IT!
pidos847 1 year ago
This is absolutely brilliant and creative! Thank!
MCYanx 1 year ago
This can all be traced back to some type of govt intervention in the free market.
But I do think it's interesting that the video talks about how the banks use leverage but never mention how the home buyer is in fact doing the same to buy the house. Or, for that matter how any loan you take out is used to increase your leverage.
REL7425 1 year ago
This can all be traced back to some type of govt intervention in the free market.
But I do think it's interesting that the video talks about how the banks use leverage but never mention how the home buyer is in fact doing the same to buy the house. Or, for that matter how any loan you take out is used to increase your leverage.
REL7425 1 year ago
objection over ruled.
Rico8458 1 year ago
If the economy develops, then why all rises in price, instead of become cheaper?
Serrokot 1 year ago
the day the american white man, white anglo-saxon protestant white americans let this nation fall down, turn their backs on their own nation, and dont put gold and silver back in their money, then we are all doomed to destruction. every other foreign born hispanic mexican, african, asian ,immigrants hindus, all standing by to take over this country.
Rico8458 1 year ago
@Rico8458 the hell are u babbling ab?
dbfro1 1 year ago
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kobos3 1 year ago
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kobos3 1 year ago
Remember that it was the artificially low interest rate that was the source for the problem.
bjarnet3 1 year ago
Best-ever visualization in just 10mins! Thanks for creating & sharing this!
tatthailand 1 year ago
Hey Jarvis... you should do one about Fannie & Freddie.
You're missing half of the whole story.
hegemonymony 1 year ago 23
@hegemonymony You are missing half the story. Freddie and Fannie did not create the Mortgage Backed Securities Finanicial Bubble. They did get caught up in it by trying to remain competitive in the home lending business. It was the large Wall Street Banks - Goldman, Lehman, Bear Stearns and other who create and bilk trillions of dollars from investors around the world. Now they are poised to buy with their ill-gotten gain for all kind of assets: stocks, bonds, real estate, etc. once prices drop.
macduggles 1 year ago
@hegemonymony Agreed, the governments hand in this fraud needs to be on display in this easy to grasp method. Don't forget Frank Raines, the Clinton appointee looking out for the little guy while earning huge Wall Street Like bonuses from fraudulent books. Democrats hate fraud and big bonuses, unless its their own. Don't forget Bawney, his pockets bulging with contributions from Fannie!
emmy1cat 1 year ago
@hegemonymony Only if you believe that a debt-economy was created in the last ten years. Stock holders, mortgage companies, and home builders (small to mid-sized businesses) did NOT want any changes to sub-prime. They wanted the flow of cash to continue. Even home builder insiders know that the Fannie & Freddie story is just a scapegoat. The inertia for bankers to put pressure on Fred/Fannie to continue to build homes was too strong since no company says, "Yes, we want to make less money!"
EeeScape 11 months ago
@hegemonymony @sdfkjllshadflhadfshl YES! the story of fannie and freddie is fascinating and sad at the same time. talk about greed.
crushxcrushxbaby 10 months ago