The Global Debt Crisis

There were quite a few videos on the subject, but none really explained the issue very well. My biggest gripe was that they didn't provide any context behind debt. So if people don't even understand how money and debt work, how the hell are they going to understand the debt crisis?

If you'd like to learn more about finance and all that Jazz. head over to the website, like the video and please subscribe!

www.thefinancialreality.com

The Global Debt Crisis

Category:

News & Politics

Tags:

• The Global Debt Crisis
• The Financial Reality
• Julius Reade
• Debt Crisis
• Europe
• US Debt Crisis
• Zerohedge
• Peter Schiff
• Glenn Beck
• economy
• fractional
• reserve
• banking
• 2012 is only for America

[33nsra]

We are not is this mess because of Keynes, but because of politicians. Your money went to 2 wars, high private consumption and the bailout of banks and companies (which was necessary to save the economy, although the sacrifices were badly distributed). I think you're the one that should open your mind and reinforce your economic knowledge. You're arguments don't have economic theory behind and reflect what crappy politicians have made you believe. I'll have to turn off the PC now. Bye.

[thefinancialreality]

@33nsra You're right, the politicians did distort his theories, however it's still the same principle of central planning. My basic economic theory is free markets - all my arguments stem from that.

[thefinancialreality]

@lmas11 We've only in this mess because of keynes policies. Obviously the transition will be painful, it's the price you pay for years of delusion.

[lmas11]

@thefinancialreality printing money is reducing debt, not increasing it. You have to have spend control and, in the short term, money printing (in order to avoid the system from collapsing, even if that creates inflation). Our societies need the financial markets to work. Do you want to adopt the tradicional Soviet ou Chinese system?

[thefinancialreality]

@lmas11 I can't believe your theory is socialism. You want to continue this kleptocracy where the bankers > everyone else. I just want society to function as intended - freely and naturally.

[thefinancialreality]

@lmas11 @lmas11 Clearly you've never heard of the Austrian school of economics. Learn to critically think, then get back to me. I can't believe your current solution is the status quo.

[lmas11]

@thefinancialreality I am starting to believe that you're un anarchist, since you want the markets to perform in it's pure form, without regulation or attempting to control the economic cycles. I don't know where you got those ideas. It was not in an economics book for sure. I can't believe that your solution is massive public debt default in the western economies and generalized bank bankruptcy. Your theory is to burn everything first and rebuild it later. The theory of purification.

[thefinancialreality]

@lmas11 Oh yeah, and you don't fix the issue of having too much debt, with more debt. Yes the boom years with our Ipods etc. were great, but it was never sustainable and this is the downturn we're currently experiencing. You want to stop it by interfering, but the forces of the market are stronger than a few bureaucrats in suits.

[thefinancialreality]

@lmas11 planning has never been more prevalent. 

[thefinancialreality]

@lmas11 The reason why they're worse off is because of people like you. And until we break this cycle, things will continue to remain stagnant. Comparing the 1930's to now is rediculous. These are completely different circumstances. On a different note, look at current america and how pathetic it is. 40+ million americans relying on food stamps. In real terms, the purchasing power of the average american is a mere 20% what it was in the 60's. Unemployment is through the roof, and yet central