How does the financial system work

An easy to understand video of how the financial system works

Category:

News & Politics

Tags:

• american
• financial
• system
• senate
• passes
• bailout
• package
• John
• Clarke
• Brian
• Dawe

[bozolazic]

Give a man a gun and he can rob a bank.Give a man a bank and he can rob the world.

---Unknown

[gabigowriel]

@darrenbennett44 they print more money and then loan it to you...

AGAIN...

so you'll never EVER get rid of debt...

so YOU=SLAVE

MONEY SLAVE that is...

the guy that invented paper money instead of gold must have got this ideea from SATAN HIMSELF...

[lucy9359]

@LaraDing it is still safe here and people are very laid back and trusting but Toronto, & Montreal are getting rough...Vancouver's east side is laiden with drug addicts however as is the Canadian mind set they are nicer than in other Countries...as dumb as that sounds in this Country culturally speaking it is how it is...to bad the populations from other Countries who mostly imigrate to Toronto didn't realize that! Where I live you can leave your purse in your car if you like!

[Tapecutter59]

@lucy9359 Standard British practice at the time was to build colonies and cultivate new lands with prison labour, it just went on in longer in Oz than it did in the US and Canada, probably because our gold rush was the last really big one.

[LaraDing]

@lucy9359 I think there is moral decay everywhere. It's just that some people are more open to talking about it. I do get the feeling that Canada is a pretty cool place though.

[lucy9359]

@LaraDing thanks interesting to know about a fellow Western Country....what is the population of Australia then as it seems to have a great deal more moral decay in it than Canada as of yet...not that the moral atmosphere isn't declining in Canada as well it has been going down hill the past decade here....

[hamnose]

Finance is the high art of passing money from hand to hand until it completely disappears.

[LaraDing]

@LaraDing Kevin Rudd eventually apologised to the Aboriginal peoples for what British colonisation had done to their culture and communities. As far as I am aware, they still don't get much of a look-in in society.

[LaraDing]

@lucy9359 The first convict fleet was sent from Britain to Australia in 1778, two years after the lost the American colonies. Britain needed another country to continue produce goods and maintain it's status. I think convict transportation went on for around a hundred years. During this time the local inhabitants suffered terribly. Eventually the 'British' settled into farming and mining and by the 20th century people were emigrating to Australia from all over the world.

[lucy9359]

@LaraDing I realized they were Ausssies later on...in Canadian history believe it or not they taught us that Aussies were Brittish convicts sent floating to Australia!

[Buymyinvention]

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[LaraDing]

@lucy9359

Erm.. They're actually Aussies but the humour is pretty similar to British humour. In fact this reminds me a lot of Bird and Fortune's financial crisis. If you haven't seen it check it out. It's hilarious!