Don't let the financial crisis bring you down. I started working from home and I'm now making 200 dollars a day... Don't be the victim, create your own luck! It's really worth checking out the website below, this guy is amazing...
Go to 2012bestoffers(.)com & Click the guy in front of the lamborghini's...
This is utterly false. Banks do NOT need to have "large deposits of money". Rather the opposite, under the fractional reserve system, they must keep only about a tenth or even nothing at all of the customers deposits.
there was no bag of gold to begin with.. the money that has been printed far outweighs the amount on money ( hypotecical gold worth) in the entire world.. the banks fucked you over thats all you have to know.
Watch my powerpoint presentation about the causes of financial problems and the greatest solution for the crisis being my innovation for the money system. This innovation is explained a bit more in my book about same subjects on amazon
as long as the jews are controling your finances, you will have trouble.
read the book "The House of Rothschild: Volume 2: The World’s Banker: 1849-1999", by Niall Ferguson and see how they took over the world's financial system
read how they make money out of financial crisis....and read how they work so hard to kep non-jews well away from the top of the system, or under strict control.
read the history of finance. if they still let you!
The same uneven and harmful disbalance is set in regards to multinational corporations based in US and abroad, and US labor market. They leverage fair US commercial laws and policies, credit conditions, expertise, high living standards, etc, and the cheap labor force overseas, against US labor force. That's a treason, pure and simple.
You are wrong! The main problem was that US real estate and labor market got exposed to speculators worldwide through these derivatives without adequate protections. By deregulating the industry and stripping the oversight, US population was exposed to all speculators worldwide intentionally, and that's where the crime is. That's why US labor market couldn't balance real estate market. That's why the prices went overboard, they were driven there by the global speculators/investors community
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.
The biggest public campaign has started to abolish fractional reserve system. Visit POSITIVEMONEY website and JOIN the CAMPAIGN!
This video is based on free-markets and regular inflation (that meets population & production increases). That never happened. Instead, what we have are markets that have supressed the value of key commodities for many years to support the world fiat currencies. If gold, silver, oil and food don't go up too quickly, then the dollar must be strong and stable. But why is the gold-to-silver ratio so far off? Why do we see food shortages and famine all around the world?
no, your video misses the mark. The real cause of the financial crises is fiat currency created through debt. Banks do not lend out their own deposits. The simply open a deposits with a new loan and the fed credits it. Reserves, credit, investments, etc are all just a way to increase debt, which increases the money in circulation and grow the economy, until the loan is paid. And in order to pay interest there must be an ever increasing supply of new debt. At some point it all breaks down.
@thegoonist when one goes to a bank and qualifies a loan, a electronic deposite, in name only, is made. There is no actual cash transferred to it. And checks, debts, etc only remove a portion of the credit from one account to another. It is only a change of ownership within a close loop. When the loan is paid off, the account is removed from the banks books; removing the money out of circulation. Without a new loan to takes it's place, the money supply shrinks. Reserves are only loan gages.
@treetorn Yes, plus the more "phony money" and debt that is created for bankers to play with, the more the value of the dollar declines, making everything more expensive for average people. So the rich get richer while the middle class and poor get poorer. It's a complete scam! When will the people wake up and finally put an end to it??
We need to better educate ourselves to take control of our money and understand how money works, not only to be more responsible citizens, but to ensure that we make the right decisions for our family.
By the way, you said earlier that Mises and Hayek didn't address the "problem" of technological advance. Obviously you haven't read much Mises or Hayek. In fact they do address this version of the "broken window fallacy". The labor/people that are replaced by automation or machines are employed in other productive lines of work. They may loose their job, but labor is always in short supply and they will find other productive work to do.
Your statement that we have automation to produce "mass abundance" is misleading. Yes, through automation we can be far more productive than without it. But that doesn't mean that producing cars, TVs, dishwashers and beds happens without human effort. And unless you have a Soviet style gulag and mass murder machine, no one will go through the effort of producing things for someone clicking "like" on their their web-page.
@ArmednSafe I'm afraid you need to update your knowledge of current manufacturing capabilities and technologies. We have fully automated manufacturing facilities that require zero human labour to run. from the manufacturing of OEM parts, to the delivery of goods to a facility, to the assembly of products, to the distribution to the end consumer. Automated technologies can fulfill every step of the process. access abundance doesn't mean infinite amounts everything just enough for for all to use.
@pressureGM I have two engineering degrees, I know how things are manufactured. And everything takes human labor to be produced. We don't have the technology to find and extract raw materials then process them into finished consumer goods without human labor. That is ridiculous. It is true that as we become more productive, things become cheaper, but trying to create some money-less system where just by some new human spirit people produce things is absurd.
@ArmednSafe currently it requires human labour because of the monetary economic paradigm we must succumb to. however if we choose to use open source, crowd sourced, cloud computed, collaborative consumption, creative commons, and peer to peer methodologies for all industries, we would find that money would fall out of fashion. This is the direction we are headed in. how long do you wait before you wake up to the reality of where we are going? humans have become obsolete as a labour resource.
@ArmednSafe Your dual engineering background should have no trouble understanding the concept of a resource based economy. Check this out and let me know if you have any questions. thevenusproject(dot)com/en/a-new-social-design/resource-based-economy
@pressureGM So, I read the page that you posted, and the only trouble I have in understanding it is its difference from communism. It's a centrally planned economy for the good of everyone. Centrally planning an economy is impossible. The knowledge needed to run the economy can't be collected into a single entity. No one person knows how to sell an orange in Maine or Minnesota. An I've already talked about the economic calculation problem. To understand why a centrally planned economy can't work
@pressureGM you really need to understand the Austrian school economics. Frederick Hayek won the Nobel prize in the 1970's for proving the Austrian theory of the business cycle and explaining the necessity of the price system for economic calculation, though these ideas were first spelled out by Mises in the early 1950's. An economic system of central planning is IMPOSSIBLE, unless the goal is complete ruin of the standard of living.
@ArmednSafe I have a Bachelor of Commerce majoring in Marketing and Minoring in Finance. It's because of this that i know why you believe this is centrally planned. Central planning assumes a group of individuals who plan for the rest of society where in fact this would be a crowd sourced initiative. this decentralizes the design development to prevent power accumulation. What Hayek and Mises never foreshadowed was technological unemployment. a monetary economic system fails if no one works.
How do we get out of this mess? How about the government doesn't guarantee anything - deposits, mortgages, securities... Nothing! That way there is no moral hazard and people behave with prudence because they are worried about loosing their money.
Then, get rid of the government granted monopoly on printing money (the FED), so that they can't "stimulate" us into a bubble and then a bust.
Finally, take the tax off of exchanging gold and silver so we can use real money instead of worthless paper.
@ArmednSafe The monetary economic system is outdated. A possible solution would be to switch to a Resource Based Economy. Read the book, The Best That Money Can't Buy by Jacque Fresco or check out The Venus Project for info on a Resource Based Economy.
@pressureGM By outdated do you mean fraudulent? Because I don't think it's a matter of being "behind the times" or "archaic", its more a matter of having a cartel control money and interest rates. Free-market money would almost inevitably be redeemable in gold or silver.
I've heard all kinds of pipe-dreams of taking society into a "new age" and other bull shit that would never work. You should read "Human Action" by Ludwig von Mises.
@ArmednSafe By outdated i mean it is no longer relevant as a medium of exchange since automation does not require compensation for it's work. we have the technological ability to produce access abundance so there is no requirement for transactions. barter and money serve no purpose if you can produce access abundance. money only serves as a barrier to entry for innovation and sustainable methods since sustainability is the inverse of GDP growth. sustainability isn't profitable.
@pressureGM Without the price system based on voluntary exchange, there is no way to know what to produce, where to produce it, and how to produce it. It is only through the price system that firms can calculate whether they are producing wealth or destroying it. To illustrate this point, the Soviet Union purchased millions of mail order catalogs from the west to try and imitate their price systems.
@ArmednSafe Due to Information Technology advances in retail distribution logistics and point of sale tracking, consumption demand at a macro economic level is quite predictable. tracking real time consumption allows producers to replenish inventory just-in-time, eliminating overruns and shortages. Made to order is also an advancement that reduces the need to predict demand since it is on-demand. polling and monitoring interest through something like a facebook "like" button is also a reality.
@pressureGM The Soviets proved that if you want to get rid of the price system and still produce things, you need to kill thousands of people a day. Getting rid of the price system is no way to a free and prosperous society. It has been tried many times, and all that happens is starvation and bloodshed.
@ArmednSafe Nobody said we would need to "get rid" of the price system. I said that as our ability to produce in abundance grows with automation, charging for goods becomes irrelevant. How much do you pay for a napkin at a restaurant? you don't because they are in abundance. removing money has been tried but ending scarcity through technological automation has not. no one needs to be killed to provide abundance. technological automation doesn't need compensation to do work for us = no cost.
It's very helpful to understand the financial crisis of 2008 which started in America. I'm glad to know the role of bank, its history and financial instruments. I think that it' very necessary to exactly know how rconomy circulates globally!!
In order to solve America's Financial Problems, we must prevent Cost Overruns - learn HOW at my channel - read my book "Cost Overruns" on Amazon.com only $2.99 on Kindle
DONT READ THIS CAUSE IT REALLY WORKS.YOU WILL GET KISSED ON THE NEARSEST FRIDAY BY THE LOVE OF YOUR LIFE.TOMORROW WILL BE THE BEST DAY OF YOUR LIFE.HOWEVER IF YOU DONT POST THIS COMMENT TO OVER 3 VIDEOS OR YOU DIE WITHIN 2 DAY. NOW THAT YOU STARTED READING THIS DONT STOP. THIS IS SCARY, POST THIS TO OVER 5 VIDEOS IN 143 MINUTES WHEN YOUR DONE PRESS F6 AND YOUR CRUSHES NAME WILL APPEAR ON THYE SCREEN IN BIG LETTERS. THIS IS SO SCARY BUT REALLY WORKS
DONT READ THIS CAUSE IT REALLY WORKS.YOU WILL GET KISSED ON THE NEARSEST FRIDAY BY THE LOVE OF YOUR LIFE.TOMORROW WILL BE THE BEST DAY OF YOUR LIFE.HOWEVER IF YOU DONT POST THIS COMMENT TO OVER 3 VIDEOS OR YOU DIE WITHIN 2 DAY. NOW THAT YOU STARTED READING THIS DONT STOP. THIS IS SCARY, POST THIS TO OVER 5 VIDEOS IN 143 MINUTES WHEN YOUR DONE PRESS F6 AND YOUR CRUSHES NAME WILL APPEAR ON THYE SCREEN IN BIG LETTERS. THIS IS SO SCARY BUT REALLY WORKS
Banks don't have to maintain big deposits of money to loan out, the fraudulent *** fractional reserve their deposits to loan money they don't have; and then charge interest on it.
The most simplistic way of explaining the crisis is the greedy got too greedy, giving out mortgages to people who couldn't possibility pay it back. Of course the greedy have our governments in their back pocket, so when they lost money; we were all made to pay for it.
Please stop saying greedy. It creates the false assumption that greed is only found in rich businessmen, and that it's bad to be greedy. Many businessmen, you can call greedy if you want, but they are responsible. So please, stop classifying the upper class as greedy, especially since greed is common in all people.
Ok, now that that's off my back, I agree, bailouts are BS.
@NoNameC68 What more appropriate word is there? These people completely ignored systemic risk, doing everything possible to rack in as much money as possible; regardless of the consequences.
Most businesses at least consider self preservation, these people were so high risk you would think they were suicidal.
@AnnoyedDragon And they are high risk because they know they will be bailed out. I apologize, you do seem to use the word appropriately. It is far too often I run into people who refer to all big businessmen as greedy, and according the them, they should all go out of business because they abuse their workers by paying them too little and all that jazz. I'm just paranoid. >.<
Fed data reveal wide scope of loan action during financial crisis
Dec-01-2010---These leaders have been a driving force behind the nation's economic policies since the financial crisis of 2008. The Federal Reserve pumped trillions of dollars into all manner of banks, investment firms and major companies during the financial crisis,
1. The Federal Gov't didn't FORCE PRIVATE BANKS AT ALL - PERIOD - ZILCH to loan money to the poor. Freddie and Fannie are GSEs - which are government sponsored banks. Fox News makes people think the gov't forced all private banks, which is bull crap.
2. The Federal Reserve iS NOT the government. It's a PRIVATE BANK the US contracts to handle the currency, with little gov't oversight.
@psynema Freddy and Fannie are the worst offenders operating outside of normal banking rules (allowed and encouraged by the government) called the secondary market. Many other private banks used the poisonous government created secondary market in which a lot of money was to be had at the cost of the risk being shouldered by the taxpayers. BTW Franklin Reines one of the democrats own made millions running fannie into the ground. Do your own research don't trust me or anyone else,
@1965ace BS , of all the subprime loans Freddy and Fannie underwrote only 25% the Banks underwrote 75% AND George Bush insisted that Fannie Mae and Freddie Mac meet new goals for low-income lending. Concerned that down payments were a barrier, Bush persuaded Congress to spend up to $200 million a year to help first-time buyers with down payments and closing costs. And he pushed to allow first-time buyers to qualify for federally insured mortgages with no money down.
@mrgetrealpeople George Bush was wrong and so are all the politicians who want to give something to those who can't afford it and let the rest of us now pay for it. George Bush was a big government liberal and President Camacho is GW on steroids.
@1965ace Representatives of the real estate and homebuilding industries, through their nationwide networks or affiliates, are committed to broadening homeownership. They made the commitment to help meet the national goal we set.
Freddie Mae – Fannie Mae and Freddie Mac – I see the heads who are here; I want to thank you all for coming have committed to provide more money for lenders. They’ve committed to help meet the shortage of capital available for minority home buyers. George BUSH
"No one else is paying their mortgages why the hell should I"... I wonder when that will be a common tune ;)...
I have a different view of what happened, I think the Banks violated gap and committed securities fraud under the guise of the stated act knowing full well that other banks would collapse under stress of competition and then they could buy up these banks consolidating them, then we would have one company in control of ALL money making them an oligarchy of the USA.
check my channel for video's about daytrading and trade like me in forex (EUR/USD, CAD/JPY etc.), stocks (coca-cola, phillips etc.), commodities (gold, silver, oil etc.) and indices (Nasdaq, Nikkei etc.
For those who say the US govt caused the crisis, yes but it did so because it is hellbent on doing everything wall street asks from it.(like bailouts with no strings attached and so on).
The only thing you should understand is that government caused this crisis through bad policy, The Federal Reserve's easy money through low interest rates and the moral haxard of the GSE's (Fannie Mae and Freddie Mac)Without the government involvement this crisis could never have occurred. This video is total horseshit, it certainly wasnt the lack of regulation or the fact that banks could act as investment banks. Thats moronic to think so and shows the maker of this vid has no clue
Real money is divided into the families budget for weekly shopping,rent,essentials such as clothing ect.Money for disel or petrol,gas and electric,health care.
No matter what job you got or whatever you claim it won't cover everything as people don't look at the average wage or low imcome people are on or understand how differcult it is to stretch money so it pays out for everything
The Glass Steagall act was hardly instrumental in the makings of the crisis. Sure it shouldn't have been done, because of FDIC, but it didn't really contribute. If it did, if a lack of regulations were the problem, we should expect the problem to appear in normal banks first, it didn't. It first appeared in the heavily regulated investment banks
And the government can't help anybody, they have no money except what they steal from us. They can only help someone if they aim to hurt somebody else.
Misgovernment was blamed for the economic upset which made paupers out of tens of millions of people, and trillionaires out of three hundred who were already millionaires.
check out "Investopresto"... link at xdsɐ˙spǝǝuɹnoʎƃuıpuɐʇsɹǝpun/uo ıʇɐɔnpǝʇuǝɯʇsǝʌuı/ɯoɔ˙oʇsǝɹdoʇ sǝʌuı˙ɐɥdןɐ//:dʇʇɥ for a full range of articles on all types of investing from stocks to bonds and commodities.
check this out this investment education website! it's simple to understand... it's called Investopresto... linked at xdsɐ˙spǝǝuɹnoʎƃuıpuɐʇsɹǝpun/uo ıʇɐɔnpǝʇuǝɯʇsǝʌuı/ɯoɔ˙oʇsǝɹdoʇ sǝʌuı˙ɐɥdןɐ//:dʇʇɥ
And if you look at the bigger picture, Government regulation as well as taxation are the main instruments which should be used to prevent the natural capitalist phenomenon of wealth accumulation by the few. In other words, if u removed the government as well as taxation, you'd be left with a handful of billionaires(over the long run due primarily to mergers and acquisitions coupled with market saturation)whom the majority of people would work for. I don't think most people would want it this way
IS IT TIME?! Go to USRevolution2 (dot com) and get your flag of the Second American Revolution. They were recently all over the tax day rallies in Boston and D.C. They will also soon appear in Bob Basso’s new Thomas Paine videos and on Showtime’s “Weeds” show. They look exactly like the flag of Betsy Ross with a Roman numeral “II” in the center of the 13 stars. This flag is now in all 50 states and spreading from porch to porch. They make great gifts for family, friends and recovering Liberals.
Oddly enough, a mathematical technique recently invented for drug design research could be used to build analytical models of the markets from numerical data. These analytical models could be used to stabilize the markets so that something like this would never happen again. Check out the page Evolution of Mathematical Expressions from Numerical Data Sets.
A new financial reform bill titled "Inclusion of Minorities and Women; Diversity in Agency Workforce" requires each federal financial agency, the Fed Board of Governors and the 12 regional Fed banks to "establish an Office of Minority and Women Inclusion" with the purpose of ordering regulators to allocate credit by race and gender.
As far I have researched-The Zeitgeist Movement is the only Group out there that has brought up some Real and Tangible Solutions to ACTUALLY SOLVE OUR ECONOMICAL, SOCIAL & ECOLOGICAL CRISIS - watch "Awakening 1/4" (short video) and "Zeitgeist Addendum" to know more about it. Both of them are on YouTube. The SOLUTIONS presented in both videos are already being applied and they have already been proved to work in the short and long run. It's about time to expand/spread it World Wide.
This is the biggest point of the whole fincancial crises and you don't know it?
The SOMEHOW was the federal reserve raising interest rates gradually over a few years befrore the crises hit. Because they had inflated a huge bubble during the first years of the 21th century when they kept interest rates at around 1%
Good educational video. For some time-tested financial advice to share with your kids and family check out 'The Hedge Song' on my site - set to a popular song from the 90s.
The world doesn't run on money but on human will alone. Get someone to do you a service for something other than a paper dollar, and you'll find your solution.
(off topic) Jacque Fresco- Search for Venus Project & Zeitgeist Movement! Beyond Poverty, Politics, Crime & War. A world w/out Money, is it even possible? Stop the Greed w/in the Government ! (Links are in my page!!) Act Now before it's to late !!!
we should poo on bankers faces :) in that way they will know not to screw up again because they might get pooed on their face. this will solve the econimical crisis, VOTE FOR SHAIZUDR in your nest election :)
regardless of the exact cause, it was bound to happen sooner or later. When you have about 30 years of diminishing income among the working class+ a 30 year increase in credit extension and therefore personal debt which was designed to maintain the illusion of an American middle-class even as the factories which created said middle-class lifestyle were shuttered, and well, something has to give. The problem is that the one time middle-class still remain conservative and reactionary even though
@deadpool03mm the system has now bilked them out of virtually everything and they aren't really any better off than the rest of the working stiffs, or the unemployed, for that matter. They're all too busy "tea bagging" each other to notice that their own children are doomed to poverty unless we shut down the free trade racket ASAP and get our own people back to work.
The truth is a little different. The people took out loans they could afford. 5 years later the loans re-set. A higher payment and interest rate above current rates. Unemployment, home value crash and the failures of the banks to keep the rates affordable at todays rate contributed.
one reason why the financial crisis occured is because people took out loans to buy houses THEY COULDN'T AFFORD particularly middle-lower class people with incomes ranging from 40-60k. The banks shouldn't have given out loans to people that couldn't afford to pay back the loan, also thinking that they can just take everything from them thinking they will make money, but now look what happened. ITS THE BANKERS FAULT AND NIEVE PEOPLE THAT DON'T THINK ABOUT THERE FINANCIAL STATUS.
The bankers and people's fault? I don't believe it was there fault. It is the fault of the people who motivated these people to do it, specifically the fed. By giving tax credit to first home buyers and buying these bad mortgage backed securities, the fed caused this. The banks could make all the loans they wanted to and if the loans went bad they could sell them off to GSEs like Fannie Mae and Freddie Mac. If there is anyone to blame its the gov't for providing these perverse incentives.
@Herimia The secondary market is run by the government and bailed out buy the taxpayers. Freddy and Fannie are the institutions you speak of . Independant financial institutions don't risk money recklessly like the government backed GSE's. Government is to blame .
Not necessarily. A lot of banks are renegotiating, because they'll take a bigger loss in many cases if they sell those repossessed houses for what they're really worth.
you also forgot to mention that the banks also own the government. banks take bailouts to repay investors, give huge bonuses to themselves, get the whole world mad at them with war. tax them heavily for "free" medical insurance that is sub-standard. so we paid for and built the houses these banker !@#$% live in...but when winter comes we have to stay out in the cold.
You forget the Government was responsible for the housing boom. The secondary market with GSE's encouraged banks to loan money to people who couldn't afford the loans (stupid idea). In a free market risk is weighed by the lender (not abrogated by the government) insuring reasonable and manageable liabilities. Your presentation was great but content completely missed the point. Government policies caused the crisis.
This has been flagged as spam show
Don't let the financial crisis bring you down. I started working from home and I'm now making 200 dollars a day... Don't be the victim, create your own luck! It's really worth checking out the website below, this guy is amazing...
Go to 2012bestoffers(.)com & Click the guy in front of the lamborghini's...
Enjoy life!
bewustwording 3 days ago
This video is noteworthy.
webcontentstrategist 2 weeks ago
i am an adult and i don't quite understand it lol. Including subtitles and even less jargons would help
micwakeboardhk 3 weeks ago
How to avoid the financial crisis:
#1 eliminate your credit card (s).......
#2 Only own what you can afford to actually pay for.
#3 DO NOT keep your money in a bank. Join a credit union.
If you insist on keeping your money in a bank ...... DO NOT put it in a large corporate bank.
Keep it small and local owned, one thats been around for a while.
if everyone belonged to credit unions we would not be in this mess.
Twicebakedtaters 1 month ago
thanks for this..great vid for my kids
ImportExportReports 1 month ago
you left out the fact that foreign investing was in "leverage"
OceansDebth 1 month ago
Key moment; bush enacts "a home of your own" policy. That's when the trouble starts.
AtheistRightWing 1 month ago
They forgot about fractional reserves. The money to investors and what the bank had were not balanced to begin with.
LancePoint9 1 month ago
This is such a great video. One of the best simplified explanations I have seen on the crisis.
moneyandsociety 1 month ago
this is confusing, I am none the wiser.
Anygodwilldo 1 month ago
RENT IS TOO DAMN HIGH THATS WHY!
XmojotronX 1 month ago 2
mm, didn't really like it - thats because i didnt understand it.
bedooralhenawi 2 months ago
it s now the internet age ,
you can do so many things from almost everywhere so hard work seems more and more less intresting .
photosok 2 months ago
This has been flagged as spam show
End Debt = End The Fed = END OF WARS
RON PAUL 2012
Our own sites en masse. Ripple Effect
Google:
MyName4Freedom
OurName4Freedom
YourName4Freedom
Revelation 2:17
Earnings vary depending on each individual affiliate’s effort.
DanHall4RonPaul 2 months ago
makes sense but had to watch it a few times to get it.
veteranReserveShadow 2 months ago
The generality caused this not the banks they consumed too much on cheap credit!! Buying foreign products and going for dodgy loans.
ukipwarrior 2 months ago
I don't think kids and even some adult can understand this
jlaw7522022 3 months ago
you should not be allowd to teach
HIRED7DAYS 3 months ago
IM CONFUSED!!!!!
HIRED7DAYS 3 months ago
This has been flagged as spam show
earn double money questbet.org
earn double money questbet.org
earn double money questbet.org
earn double money questbet.org
sergiu9110 3 months ago
This is utterly false. Banks do NOT need to have "large deposits of money". Rather the opposite, under the fractional reserve system, they must keep only about a tenth or even nothing at all of the customers deposits.
heroinjapan 3 months ago
there was no bag of gold to begin with.. the money that has been printed far outweighs the amount on money ( hypotecical gold worth) in the entire world.. the banks fucked you over thats all you have to know.
jackthelad101 3 months ago
Comment removed
jackthelad101 3 months ago
This has been flagged as spam show
Watch my powerpoint presentation about the causes of financial problems and the greatest solution for the crisis being my innovation for the money system. This innovation is explained a bit more in my book about same subjects on amazon
WilfredBerendsen 3 months ago
US should have a German economic system
21boxhead 3 months ago
as long as the jews are controling your finances, you will have trouble.
read the book "The House of Rothschild: Volume 2: The World’s Banker: 1849-1999", by Niall Ferguson and see how they took over the world's financial system
read how they make money out of financial crisis....and read how they work so hard to kep non-jews well away from the top of the system, or under strict control.
read the history of finance. if they still let you!
AUKS00007107 4 months ago
Ron Paul for 2012! Goodbye Fed Reserve!
b3boo90 4 months ago
@b3boo90 Timothy Leary for President no thanks
21boxhead 3 months ago
This has been flagged as spam show
HOW TO PROFIT LIKE THE ULTRA-RICH DURING TIMES OF ECONOMIC CHAOS!
*** globaleconomicwarning.blogspot.com ***
This is a must see video... you have you prepare yourself and your loved ones before it's too late.
olahashem 4 months ago
It would be much safer to have loans without interest rates
Pledgeist 4 months ago
@Pledgeist lol then there will no economy
21boxhead 3 months ago
This has been flagged as spam show
HOW TO PROFIT LIKE THE ULTRA-RICH DURING TIMES OF ECONOMIC CHAOS!
*** globaleconomicwarning.blogspot.com ***
This is a video worth watching and could really be of great benefit for you!
mrpmike55 4 months ago
If you want to really understand the hole thing see the film "Inside Job" watch?v=FzrBurlJUNk
bienverastaman 4 months ago
This has been flagged as spam show
7 PROVEN FACTS THAT THE WORLD IS HEADED FOR AN ECONOMIC APOCALYPSE IN 2012 and WHAT YOU CAN DO TO BUILD A MASSIVE FORTUNE
*** economicwarning.blogspot.com ***
ramzjana 4 months ago
This has been flagged as spam show
AMERICA GOING BANKRUPT! Economic Collapse - Imminent Global Financial Crisis and U.S. Dollar Collapse!
BUT I'LL SHOW YOU HOW I MADE A 418% RETURN Using The Black-Box Investment Strategies Of The Rich.
There are 3 Steps you need to take action right now to protect yourself and your love ones
*** economicwarning.blogspot.com ***
AdpostX 4 months ago
ahhh..... say that again?
o8zai 4 months ago
The same uneven and harmful disbalance is set in regards to multinational corporations based in US and abroad, and US labor market. They leverage fair US commercial laws and policies, credit conditions, expertise, high living standards, etc, and the cheap labor force overseas, against US labor force. That's a treason, pure and simple.
klinok19 4 months ago
You are wrong! The main problem was that US real estate and labor market got exposed to speculators worldwide through these derivatives without adequate protections. By deregulating the industry and stripping the oversight, US population was exposed to all speculators worldwide intentionally, and that's where the crime is. That's why US labor market couldn't balance real estate market. That's why the prices went overboard, they were driven there by the global speculators/investors community
klinok19 4 months ago
This has been flagged as spam show
HOW TO PROFIT LIKE THE ULTRA-RICH DURING TIMES OF ECONOMIC CHAOS!
*** globaleconomicwarning.blogspot.com ***
onlinenewbiemom 5 months ago
this is confusing.
unfad1ng 5 months ago
This is one small frame to a very much larger picture. Good effort though!
Drudorius 5 months ago
Comment removed
plung3r 5 months ago
this video is Crap! Misleading! You have to do your home work about the 'Fractional Reserve Banking', 'Compound Interest...
castlejune 6 months ago
This has been flagged as spam show
Fight the Financial Crisis One Family At a Time! opportunity4freedom.blogspot.com
AshleyChatman11 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.
The biggest public campaign has started to abolish fractional reserve system. Visit POSITIVEMONEY website and JOIN the CAMPAIGN!
PositiveMoneyUK 6 months ago
I just take macro economics course in university and it's opened eyes
I live in the middle east but this is very familiar
how is it banks exists for so long, hasn't such a crisis happened ever before??
and where is keynes
Eyalel5 6 months ago
this is to confusing for some adults how you expect a kid to understand
twistedwest1 7 months ago 51
kinda to advanced for kids imho.
and misses some really big factors to.
SakakiDash 8 months ago
holy shit, this is confusing!
ayaytc 8 months ago
This video is based on free-markets and regular inflation (that meets population & production increases). That never happened. Instead, what we have are markets that have supressed the value of key commodities for many years to support the world fiat currencies. If gold, silver, oil and food don't go up too quickly, then the dollar must be strong and stable. But why is the gold-to-silver ratio so far off? Why do we see food shortages and famine all around the world?
mattyelle1 9 months ago
THINK ABOUT DESIGNING FROM SCRATCH A "TRUE ECONOMIC DEMOCRACY"
jorgedude888 9 months ago
Are you saying that mortgages weren't bundled before 1999? I thought that went back to the seventies....
sarms58 10 months ago
no, your video misses the mark. The real cause of the financial crises is fiat currency created through debt. Banks do not lend out their own deposits. The simply open a deposits with a new loan and the fed credits it. Reserves, credit, investments, etc are all just a way to increase debt, which increases the money in circulation and grow the economy, until the loan is paid. And in order to pay interest there must be an ever increasing supply of new debt. At some point it all breaks down.
treetorn 10 months ago 37
@treetorn your explanation is very poor.
thegoonist 8 months ago
@thegoonist when one goes to a bank and qualifies a loan, a electronic deposite, in name only, is made. There is no actual cash transferred to it. And checks, debts, etc only remove a portion of the credit from one account to another. It is only a change of ownership within a close loop. When the loan is paid off, the account is removed from the banks books; removing the money out of circulation. Without a new loan to takes it's place, the money supply shrinks. Reserves are only loan gages.
treetorn 8 months ago
@treetorn Ah the wonders of capitalism.
tomf60 1 month ago
@treetorn Yes, plus the more "phony money" and debt that is created for bankers to play with, the more the value of the dollar declines, making everything more expensive for average people. So the rich get richer while the middle class and poor get poorer. It's a complete scam! When will the people wake up and finally put an end to it??
FlushitTV 2 weeks ago
wonderfull explanation
73madmad 10 months ago
Nice!
MrHappy1753 10 months ago
This has been flagged as spam show
Some birds can not fly in, latin busizz4me.info
MoniRokse 11 months ago
We need to better educate ourselves to take control of our money and understand how money works, not only to be more responsible citizens, but to ensure that we make the right decisions for our family.
erollover 11 months ago
By the way, you said earlier that Mises and Hayek didn't address the "problem" of technological advance. Obviously you haven't read much Mises or Hayek. In fact they do address this version of the "broken window fallacy". The labor/people that are replaced by automation or machines are employed in other productive lines of work. They may loose their job, but labor is always in short supply and they will find other productive work to do.
ArmednSafe 11 months ago
Comment removed
pressureGM 11 months ago
That's a dead link.
ArmednSafe 11 months ago
Comment removed
pressureGM 11 months ago
Comment removed
pressureGM 11 months ago
This has been flagged as spam show
@ArmednSafe not sure why the link is dead. just google: thevenusproject(dot)com/en/the-venus-project-introduction/faq
pressureGM 11 months ago
Your statement that we have automation to produce "mass abundance" is misleading. Yes, through automation we can be far more productive than without it. But that doesn't mean that producing cars, TVs, dishwashers and beds happens without human effort. And unless you have a Soviet style gulag and mass murder machine, no one will go through the effort of producing things for someone clicking "like" on their their web-page.
ArmednSafe 11 months ago
@ArmednSafe I'm afraid you need to update your knowledge of current manufacturing capabilities and technologies. We have fully automated manufacturing facilities that require zero human labour to run. from the manufacturing of OEM parts, to the delivery of goods to a facility, to the assembly of products, to the distribution to the end consumer. Automated technologies can fulfill every step of the process. access abundance doesn't mean infinite amounts everything just enough for for all to use.
pressureGM 11 months ago
@pressureGM I have two engineering degrees, I know how things are manufactured. And everything takes human labor to be produced. We don't have the technology to find and extract raw materials then process them into finished consumer goods without human labor. That is ridiculous. It is true that as we become more productive, things become cheaper, but trying to create some money-less system where just by some new human spirit people produce things is absurd.
ArmednSafe 11 months ago
@ArmednSafe currently it requires human labour because of the monetary economic paradigm we must succumb to. however if we choose to use open source, crowd sourced, cloud computed, collaborative consumption, creative commons, and peer to peer methodologies for all industries, we would find that money would fall out of fashion. This is the direction we are headed in. how long do you wait before you wake up to the reality of where we are going? humans have become obsolete as a labour resource.
pressureGM 11 months ago
@ArmednSafe Your dual engineering background should have no trouble understanding the concept of a resource based economy. Check this out and let me know if you have any questions. thevenusproject(dot)com/en/a-new-social-design/resource-based-economy
pressureGM 11 months ago
@pressureGM So, I read the page that you posted, and the only trouble I have in understanding it is its difference from communism. It's a centrally planned economy for the good of everyone. Centrally planning an economy is impossible. The knowledge needed to run the economy can't be collected into a single entity. No one person knows how to sell an orange in Maine or Minnesota. An I've already talked about the economic calculation problem. To understand why a centrally planned economy can't work
ArmednSafe 11 months ago
@pressureGM you really need to understand the Austrian school economics. Frederick Hayek won the Nobel prize in the 1970's for proving the Austrian theory of the business cycle and explaining the necessity of the price system for economic calculation, though these ideas were first spelled out by Mises in the early 1950's. An economic system of central planning is IMPOSSIBLE, unless the goal is complete ruin of the standard of living.
ArmednSafe 11 months ago
@ArmednSafe I have a Bachelor of Commerce majoring in Marketing and Minoring in Finance. It's because of this that i know why you believe this is centrally planned. Central planning assumes a group of individuals who plan for the rest of society where in fact this would be a crowd sourced initiative. this decentralizes the design development to prevent power accumulation. What Hayek and Mises never foreshadowed was technological unemployment. a monetary economic system fails if no one works.
pressureGM 11 months ago
Comment removed
pressureGM 11 months ago
"Credit is like air going in and out of a body; we can't keep running without it."
Credit is like the nutshell game. Designed to attract suckers who do not understand the game.
MrGamexGame 1 year ago
I think kids can understand easier than adults:)
crisiscitizen 1 year ago
How do we get out of this mess? How about the government doesn't guarantee anything - deposits, mortgages, securities... Nothing! That way there is no moral hazard and people behave with prudence because they are worried about loosing their money.
Then, get rid of the government granted monopoly on printing money (the FED), so that they can't "stimulate" us into a bubble and then a bust.
Finally, take the tax off of exchanging gold and silver so we can use real money instead of worthless paper.
ArmednSafe 1 year ago
@ArmednSafe The monetary economic system is outdated. A possible solution would be to switch to a Resource Based Economy. Read the book, The Best That Money Can't Buy by Jacque Fresco or check out The Venus Project for info on a Resource Based Economy.
pressureGM 1 year ago
@pressureGM By outdated do you mean fraudulent? Because I don't think it's a matter of being "behind the times" or "archaic", its more a matter of having a cartel control money and interest rates. Free-market money would almost inevitably be redeemable in gold or silver.
I've heard all kinds of pipe-dreams of taking society into a "new age" and other bull shit that would never work. You should read "Human Action" by Ludwig von Mises.
ArmednSafe 11 months ago
@ArmednSafe By outdated i mean it is no longer relevant as a medium of exchange since automation does not require compensation for it's work. we have the technological ability to produce access abundance so there is no requirement for transactions. barter and money serve no purpose if you can produce access abundance. money only serves as a barrier to entry for innovation and sustainable methods since sustainability is the inverse of GDP growth. sustainability isn't profitable.
pressureGM 11 months ago
@pressureGM Without the price system based on voluntary exchange, there is no way to know what to produce, where to produce it, and how to produce it. It is only through the price system that firms can calculate whether they are producing wealth or destroying it. To illustrate this point, the Soviet Union purchased millions of mail order catalogs from the west to try and imitate their price systems.
ArmednSafe 11 months ago
@ArmednSafe Due to Information Technology advances in retail distribution logistics and point of sale tracking, consumption demand at a macro economic level is quite predictable. tracking real time consumption allows producers to replenish inventory just-in-time, eliminating overruns and shortages. Made to order is also an advancement that reduces the need to predict demand since it is on-demand. polling and monitoring interest through something like a facebook "like" button is also a reality.
pressureGM 11 months ago
@pressureGM The Soviets proved that if you want to get rid of the price system and still produce things, you need to kill thousands of people a day. Getting rid of the price system is no way to a free and prosperous society. It has been tried many times, and all that happens is starvation and bloodshed.
ArmednSafe 11 months ago
@ArmednSafe Nobody said we would need to "get rid" of the price system. I said that as our ability to produce in abundance grows with automation, charging for goods becomes irrelevant. How much do you pay for a napkin at a restaurant? you don't because they are in abundance. removing money has been tried but ending scarcity through technological automation has not. no one needs to be killed to provide abundance. technological automation doesn't need compensation to do work for us = no cost.
pressureGM 11 months ago
This has been flagged as spam show
Marry a Beautiful Latino girl online **rockmycity.info**
tarraorbisonopkl 1 year ago
It's very helpful to understand the financial crisis of 2008 which started in America. I'm glad to know the role of bank, its history and financial instruments. I think that it' very necessary to exactly know how rconomy circulates globally!!
youlimkwon 1 year ago
There was a financial crisis? Because I'm laughing all the way to the bank!
psamoth 1 year ago
how do we fix this ? get rid of the monetary system. That should help a little. LOL ;-)
VenusAsABoyFilms 1 year ago
This has been flagged as spam show
It is a good day try to find good Latino girl rockmycity.info
bnmvghjfyghjtyj 1 year ago
In order to solve America's Financial Problems, we must prevent Cost Overruns - learn HOW at my channel - read my book "Cost Overruns" on Amazon.com only $2.99 on Kindle
CostAnalyst 1 year ago
Find financial freedom and stop worrying about what the big banks are going to do next. Join the revolution at:
norhi. (com) /pbmemoneymagic/
elizabethschafer1 1 year ago
This has been flagged as spam show
Try Asian women # lushfmlk.info #
tanyamuriyan 1 year ago
This has been flagged as spam show
DONT READ THIS CAUSE IT REALLY WORKS.YOU WILL GET KISSED ON THE NEARSEST FRIDAY BY THE LOVE OF YOUR LIFE.TOMORROW WILL BE THE BEST DAY OF YOUR LIFE.HOWEVER IF YOU DONT POST THIS COMMENT TO OVER 3 VIDEOS OR YOU DIE WITHIN 2 DAY. NOW THAT YOU STARTED READING THIS DONT STOP. THIS IS SCARY, POST THIS TO OVER 5 VIDEOS IN 143 MINUTES WHEN YOUR DONE PRESS F6 AND YOUR CRUSHES NAME WILL APPEAR ON THYE SCREEN IN BIG LETTERS. THIS IS SO SCARY BUT REALLY WORKS
absarecute 1 year ago
This has been flagged as spam show
DONT READ THIS CAUSE IT REALLY WORKS.YOU WILL GET KISSED ON THE NEARSEST FRIDAY BY THE LOVE OF YOUR LIFE.TOMORROW WILL BE THE BEST DAY OF YOUR LIFE.HOWEVER IF YOU DONT POST THIS COMMENT TO OVER 3 VIDEOS OR YOU DIE WITHIN 2 DAY. NOW THAT YOU STARTED READING THIS DONT STOP. THIS IS SCARY, POST THIS TO OVER 5 VIDEOS IN 143 MINUTES WHEN YOUR DONE PRESS F6 AND YOUR CRUSHES NAME WILL APPEAR ON THYE SCREEN IN BIG LETTERS. THIS IS SO SCARY BUT REALLY WORKS
absarecute 1 year ago
Banks don't have to maintain big deposits of money to loan out, the fraudulent *** fractional reserve their deposits to loan money they don't have; and then charge interest on it.
The most simplistic way of explaining the crisis is the greedy got too greedy, giving out mortgages to people who couldn't possibility pay it back. Of course the greedy have our governments in their back pocket, so when they lost money; we were all made to pay for it.
They get bailouts so we can take all the pain.
AnnoyedDragon 1 year ago
@AnnoyedDragon GREEEEEEDY
Please stop saying greedy. It creates the false assumption that greed is only found in rich businessmen, and that it's bad to be greedy. Many businessmen, you can call greedy if you want, but they are responsible. So please, stop classifying the upper class as greedy, especially since greed is common in all people.
Ok, now that that's off my back, I agree, bailouts are BS.
NoNameC68 1 year ago
@NoNameC68 What more appropriate word is there? These people completely ignored systemic risk, doing everything possible to rack in as much money as possible; regardless of the consequences.
Most businesses at least consider self preservation, these people were so high risk you would think they were suicidal.
AnnoyedDragon 1 year ago
@AnnoyedDragon And they are high risk because they know they will be bailed out. I apologize, you do seem to use the word appropriately. It is far too often I run into people who refer to all big businessmen as greedy, and according the them, they should all go out of business because they abuse their workers by paying them too little and all that jazz. I'm just paranoid. >.<
NoNameC68 1 year ago
This has been flagged as spam show
Federal Reserve System »
Fed data reveal wide scope of loan action during financial crisis
Dec-01-2010---These leaders have been a driving force behind the nation's economic policies since the financial crisis of 2008. The Federal Reserve pumped trillions of dollars into all manner of banks, investment firms and major companies during the financial crisis,
GOVERNMENT MORTGAGE RELIEF
1-858-366-4777
1-800-270-2928
88888FORCE 1 year ago
ronpaul.com/2008-09-26/gw-bush-on-the-housing-boom-oct-2002/
mrgetrealpeople 1 year ago
Cool video, very well said and timely
familycashflow 1 year ago
This has been flagged as spam show
Welcome onboard Russian here gettop5.info
morgantobfr 1 year ago
Major misconceptions about the crash.
1. The Federal Gov't didn't FORCE PRIVATE BANKS AT ALL - PERIOD - ZILCH to loan money to the poor. Freddie and Fannie are GSEs - which are government sponsored banks. Fox News makes people think the gov't forced all private banks, which is bull crap.
2. The Federal Reserve iS NOT the government. It's a PRIVATE BANK the US contracts to handle the currency, with little gov't oversight.
psynema 1 year ago
@psynema Freddy and Fannie are the worst offenders operating outside of normal banking rules (allowed and encouraged by the government) called the secondary market. Many other private banks used the poisonous government created secondary market in which a lot of money was to be had at the cost of the risk being shouldered by the taxpayers. BTW Franklin Reines one of the democrats own made millions running fannie into the ground. Do your own research don't trust me or anyone else,
1965ace 1 year ago
@1965ace BS , of all the subprime loans Freddy and Fannie underwrote only 25% the Banks underwrote 75% AND George Bush insisted that Fannie Mae and Freddie Mac meet new goals for low-income lending. Concerned that down payments were a barrier, Bush persuaded Congress to spend up to $200 million a year to help first-time buyers with down payments and closing costs. And he pushed to allow first-time buyers to qualify for federally insured mortgages with no money down.
"watch?v=kNqQx7sjoS8
mrgetrealpeople 1 year ago
@mrgetrealpeople George Bush was wrong and so are all the politicians who want to give something to those who can't afford it and let the rest of us now pay for it. George Bush was a big government liberal and President Camacho is GW on steroids.
1965ace 1 year ago
@1965ace Representatives of the real estate and homebuilding industries, through their nationwide networks or affiliates, are committed to broadening homeownership. They made the commitment to help meet the national goal we set.
Freddie Mae – Fannie Mae and Freddie Mac – I see the heads who are here; I want to thank you all for coming have committed to provide more money for lenders. They’ve committed to help meet the shortage of capital available for minority home buyers. George BUSH
mrgetrealpeople 1 year ago
@mrgetrealpeople George Bush was a big government liberal. You fools who trust the government are destroying the country.
1965ace 1 year ago
This has been flagged as spam show
Use anastasia when you start your search ****** gettop5.info ****
angelinahollidas1 1 year ago
Real profiles and thousands of Russian women gettop5.info
carlyqcarmesq18 1 year ago
wait what?
Muffinfordinner 1 year ago
This has been flagged as spam show
Asian wives alone and try to chat her #lushfmlk.info#
jessicakaylai 1 year ago
Brilliant video! I just have one question. How is the financial crisis related to Keynesian theory on aggregate demand?
uqbe 1 year ago
"No one else is paying their mortgages why the hell should I"... I wonder when that will be a common tune ;)...
I have a different view of what happened, I think the Banks violated gap and committed securities fraud under the guise of the stated act knowing full well that other banks would collapse under stress of competition and then they could buy up these banks consolidating them, then we would have one company in control of ALL money making them an oligarchy of the USA.
Dre4dwolf 1 year ago
Meet Asian women #lushfmlk.info#
umayanarosy 1 year ago
Where did the money went, @ 3:31?!!!
Rui108 1 year ago
With the ecomony so poor, why not payoff your mortgage
mortgage-sweeps com
mortgageSweeps 1 year ago
yea i kno...it ruined my Christmas last year
dman5151999 1 year ago
This has been flagged as spam show
check my channel for video's about daytrading and trade like me in forex (EUR/USD, CAD/JPY etc.), stocks (coca-cola, phillips etc.), commodities (gold, silver, oil etc.) and indices (Nasdaq, Nikkei etc.
i0am0a0daytrader 1 year ago
stupid middle-lower class people taking loans they cant pay back
Herimia 1 year ago
For those who say the US govt caused the crisis, yes but it did so because it is hellbent on doing everything wall street asks from it.(like bailouts with no strings attached and so on).
Longlivethe4th 1 year ago
OMFG I read "how to explainthe 2008 U.S.financial crisis to your kids
(and most adults)
and I cant stop laughing.
rustyscrapper 1 year ago
Friendly greeting
DespotStefan
DespotStefan09 1 year ago
The US Federal State caused the economic crisis.
qwertypoiu4321 1 year ago
OMG... THANKS! I was preparing for a speech then i was like oops, i didn't noe anything and oops there's alot to know... so ARIGATO GOUZAIMASU!
rukaxmiku 1 year ago
OMG... THANKS!
rukaxmiku 1 year ago
I sitll don't get the investment banking part. banks lend out security and businessperson buy them??!!
and are there two definitions of mortgage? i thought mortgage was using your own house as a collateral to get loans...
i appreciate all help, thanks!
Catchetat 1 year ago
@Catchetat
The only thing you should understand is that government caused this crisis through bad policy, The Federal Reserve's easy money through low interest rates and the moral haxard of the GSE's (Fannie Mae and Freddie Mac)Without the government involvement this crisis could never have occurred. This video is total horseshit, it certainly wasnt the lack of regulation or the fact that banks could act as investment banks. Thats moronic to think so and shows the maker of this vid has no clue
jjrglobal 1 year ago
No such thing as poor creditors
Real money is divided into the families budget for weekly shopping,rent,essentials such as clothing ect.Money for disel or petrol,gas and electric,health care.
No matter what job you got or whatever you claim it won't cover everything as people don't look at the average wage or low imcome people are on or understand how differcult it is to stretch money so it pays out for everything
spiritualgirl2010 1 year ago
The Glass Steagall act was hardly instrumental in the makings of the crisis. Sure it shouldn't have been done, because of FDIC, but it didn't really contribute. If it did, if a lack of regulations were the problem, we should expect the problem to appear in normal banks first, it didn't. It first appeared in the heavily regulated investment banks
And the government can't help anybody, they have no money except what they steal from us. They can only help someone if they aim to hurt somebody else.
Visfen 1 year ago
Misgovernment was blamed for the economic upset which made paupers out of tens of millions of people, and trillionaires out of three hundred who were already millionaires.
MrGoldenSilence 1 year ago
Im 12 I understand now lol.
ItsAllAboutTheLawls 1 year ago
This has been flagged as spam show
check out "Investopresto"... link at xdsɐ˙spǝǝuɹnoʎƃuıpuɐʇsɹǝpun/uo ıʇɐɔnpǝʇuǝɯʇsǝʌuı/ɯoɔ˙oʇsǝɹdoʇ sǝʌuı˙ɐɥdןɐ//:dʇʇɥ for a full range of articles on all types of investing from stocks to bonds and commodities.
vscreme 1 year ago
This has been flagged as spam show
check this out this investment education website! it's simple to understand... it's called Investopresto... linked at xdsɐ˙spǝǝuɹnoʎƃuıpuɐʇsɹǝpun/uo ıʇɐɔnpǝʇuǝɯʇsǝʌuı/ɯoɔ˙oʇsǝɹdoʇ sǝʌuı˙ɐɥdןɐ//:dʇʇɥ
vscreme 1 year ago
And if you look at the bigger picture, Government regulation as well as taxation are the main instruments which should be used to prevent the natural capitalist phenomenon of wealth accumulation by the few. In other words, if u removed the government as well as taxation, you'd be left with a handful of billionaires(over the long run due primarily to mergers and acquisitions coupled with market saturation)whom the majority of people would work for. I don't think most people would want it this way
Someideasandstuff 1 year ago
Jews, nuff said... :D
rock3tcat 1 year ago
IS IT TIME?! Go to USRevolution2 (dot com) and get your flag of the Second American Revolution. They were recently all over the tax day rallies in Boston and D.C. They will also soon appear in Bob Basso’s new Thomas Paine videos and on Showtime’s “Weeds” show. They look exactly like the flag of Betsy Ross with a Roman numeral “II” in the center of the 13 stars. This flag is now in all 50 states and spreading from porch to porch. They make great gifts for family, friends and recovering Liberals.
usrevolution2 1 year ago
i drew an inference from 3:00: the blond-haired are more than the dark-haired people!!!
that video sucks because some kids have understood the crisis better than some other adults...
DJGPR2 1 year ago
This has been flagged as spam show
Oddly enough, a mathematical technique recently invented for drug design research could be used to build analytical models of the markets from numerical data. These analytical models could be used to stabilize the markets so that something like this would never happen again. Check out the page Evolution of Mathematical Expressions from Numerical Data Sets.
bonnarj7 1 year ago
im 15 and i still confused...am i stupid?
SamuraiPie8111 1 year ago
A new financial reform bill titled "Inclusion of Minorities and Women; Diversity in Agency Workforce" requires each federal financial agency, the Fed Board of Governors and the 12 regional Fed banks to "establish an Office of Minority and Women Inclusion" with the purpose of ordering regulators to allocate credit by race and gender.
islandmuffin 1 year ago
As far I have researched-The Zeitgeist Movement is the only Group out there that has brought up some Real and Tangible Solutions to ACTUALLY SOLVE OUR ECONOMICAL, SOCIAL & ECOLOGICAL CRISIS - watch "Awakening 1/4" (short video) and "Zeitgeist Addendum" to know more about it. Both of them are on YouTube. The SOLUTIONS presented in both videos are already being applied and they have already been proved to work in the short and long run. It's about time to expand/spread it World Wide.
:)
FS
FactualSolutions 1 year ago
Promises+Credits = Money
But when this formula collaps, the world that has been spoiled by borrwing too much will suffer greatly.
qaz2004 1 year ago
"Somehow payments became much more expensive"
This is the biggest point of the whole fincancial crises and you don't know it?
The SOMEHOW was the federal reserve raising interest rates gradually over a few years befrore the crises hit. Because they had inflated a huge bubble during the first years of the 21th century when they kept interest rates at around 1%
Salladsdressing 1 year ago
Good educational video. For some time-tested financial advice to share with your kids and family check out 'The Hedge Song' on my site - set to a popular song from the 90s.
dlowrey3333 1 year ago
this video made me feel like a peasant oh wait i am lols
hideHYDEimcoming 1 year ago
The world doesn't run on money but on human will alone. Get someone to do you a service for something other than a paper dollar, and you'll find your solution.
ThePaleWriter 1 year ago
Hey just cause you throw a seesaw into the video dont make it easy for kids to understand...
neanam 1 year ago
(off topic) Jacque Fresco- Search for Venus Project & Zeitgeist Movement! Beyond Poverty, Politics, Crime & War. A world w/out Money, is it even possible? Stop the Greed w/in the Government ! (Links are in my page!!) Act Now before it's to late !!!
AoEnigMoonxPhase 1 year ago
we should poo on bankers faces :) in that way they will know not to screw up again because they might get pooed on their face. this will solve the econimical crisis, VOTE FOR SHAIZUDR in your nest election :)
Shazidur07 1 year ago 8
Search for
"MARC FABER MADNESS"
eliasmouawad 1 year ago
Banks don't need big deposit bases - they are capitalised by their loan protfolio
DavidAKZ 1 year ago
Not for kids, it was too fast and complicated
UnitTheWorld 1 year ago
Great!!! Good for every body to learn from this. The Financial Crisis-For kids also for adults. Thanks for posed this video.
louielamson2000 1 year ago
regardless of the exact cause, it was bound to happen sooner or later.
elwooh 1 year ago
enjoyed the video
themagicofcoupons 1 year ago
Brilliant video.... very well explained....
ZenChat 1 year ago
regardless of the exact cause, it was bound to happen sooner or later. When you have about 30 years of diminishing income among the working class+ a 30 year increase in credit extension and therefore personal debt which was designed to maintain the illusion of an American middle-class even as the factories which created said middle-class lifestyle were shuttered, and well, something has to give. The problem is that the one time middle-class still remain conservative and reactionary even though
deadpool03mm 1 year ago
@deadpool03mm the system has now bilked them out of virtually everything and they aren't really any better off than the rest of the working stiffs, or the unemployed, for that matter. They're all too busy "tea bagging" each other to notice that their own children are doomed to poverty unless we shut down the free trade racket ASAP and get our own people back to work.
deadpool03mm 1 year ago 2
The truth is a little different. The people took out loans they could afford. 5 years later the loans re-set. A higher payment and interest rate above current rates. Unemployment, home value crash and the failures of the banks to keep the rates affordable at todays rate contributed.
daddio2624 1 year ago
one reason why the financial crisis occured is because people took out loans to buy houses THEY COULDN'T AFFORD particularly middle-lower class people with incomes ranging from 40-60k. The banks shouldn't have given out loans to people that couldn't afford to pay back the loan, also thinking that they can just take everything from them thinking they will make money, but now look what happened. ITS THE BANKERS FAULT AND NIEVE PEOPLE THAT DON'T THINK ABOUT THERE FINANCIAL STATUS.
Herimia 1 year ago
The bankers and people's fault? I don't believe it was there fault. It is the fault of the people who motivated these people to do it, specifically the fed. By giving tax credit to first home buyers and buying these bad mortgage backed securities, the fed caused this. The banks could make all the loans they wanted to and if the loans went bad they could sell them off to GSEs like Fannie Mae and Freddie Mac. If there is anyone to blame its the gov't for providing these perverse incentives.
rb45fb 1 year ago
@Herimia The secondary market is run by the government and bailed out buy the taxpayers. Freddy and Fannie are the institutions you speak of . Independant financial institutions don't risk money recklessly like the government backed GSE's. Government is to blame .
1965ace 1 year ago
It is very interest videos. This video also good for everyone to learn, and educated yourself. Thanks
louielamson2000 1 year ago
so what happens to people who can never pay???
1chichimec1 1 year ago
@1chichimec1
The bank comes and takes their house. So its better to pay....
1bam18 1 year ago
Not necessarily. A lot of banks are renegotiating, because they'll take a bigger loss in many cases if they sell those repossessed houses for what they're really worth.
baigandine 1 year ago
the bank repossess the house and you get kicked out of your house.
seroyer2 1 year ago
great video, taking in to account that its dated from sept 2008. Its already 2010 and things dont look any better
tabovilla 2 years ago
(And Most Adults) Lol!
465160 2 years ago
you also forgot to mention that the banks also own the government. banks take bailouts to repay investors, give huge bonuses to themselves, get the whole world mad at them with war. tax them heavily for "free" medical insurance that is sub-standard. so we paid for and built the houses these banker !@#$% live in...but when winter comes we have to stay out in the cold.
dancingforrain2012 2 years ago
You forget the Government was responsible for the housing boom. The secondary market with GSE's encouraged banks to loan money to people who couldn't afford the loans (stupid idea). In a free market risk is weighed by the lender (not abrogated by the government) insuring reasonable and manageable liabilities. Your presentation was great but content completely missed the point. Government policies caused the crisis.
1965ace 2 years ago 4