Credit crunch explained in simple terms
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Welcome to the Matrix of the "Banking System" if you believe this crap, you have swallowed the wrong pill!
SuperBillego 3 months ago
How the banks get money..NO!! the banks get money because institutions outside the government like the Bank of England and the Federal Reserve in the States print out money out of nothing and lend this money to the government and then the government deposit these money in the banks and then we borrow this money with more interest and so on...please, we need people to know the truth, otherwise we will be in this mess in 10 years time again!!! change capitalism for a Resource based Economy!!
eap8317 2 years ago 2
The fact is people and businesses can´t pay their loans when the banks stop loaning. It may sound weird but that´s how it works. Study fractional reserve banking, covered in zeitgeist addendum, money as debt and money masters.
People are losing their houses because the people that run the banks want them to.
GudjonH 3 years ago 2
This is simply wrong, the banks dont run out of cash and have to stop loaning because "hard times" arrive and people and businesses can´t pay their loans. All the money that is exists is loaned from the federal reserve, (read: federal reserve act, wikipedia will do fine)
GudjonH 3 years ago 2
Intrest - Usery = A dredfull thing
DDFF232 3 years ago
Thanks for the presentation. It may benefit to know that fractional reserve banking, which allows banks to lend out a much greater amount of money than they actually take in on deposit, is legal standard practice and has contributed to the credit problems you discuss very well here. Your viewers might also check out "The Money Masters" somewhere on here or Google video.
reflectivegoat 3 years ago
about time. thanks for this.
greatgable1 3 years ago
Thank you so very much! Excellent explanation. Kudos to not only your knowledge but your ability to teach it simply and simply well.
GFMarshallx 3 years ago
very helpful, thank you
ApproachingByStealth 3 years ago
Very nice
Maldinikhalid 3 years ago