Understanding the Financial Crisis - very good explanation!

How Recessions Work!

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  Comedy

[Logan Hansen]

The Federal Reserve played a greater part in the crash of prices.

[Sebastian Gabriel]

yes i definitely mean it. who can believe it even you showed this. look, if you do this is easy to make daily $30 without investing a cent:P. you can also join from here => bit.ly/17izx7c?=gfqwhcy

[Tom Rus]

ohhh didn't know that much, thankz for explaining bro. :P

[JC Money]

there was no Crash.. it was set in play just like the roomer of the 1934 crash.. the big banks to crash all the small banks.. and take over the banking industry not caring for the people.... Scam.. Gov. is not Gov.. its a ploy for world Bank

[Jon B]

Alan Greenspan is quite literally the man who destroyed the economy.

[Locustmaster15]

SO the housing crisis should be the name of this video, besides that good explanation!!

[Hellsconsort]

It's only a reserve in name. It creates money it does not have then charges interest on loans, wish I could do that. Banks only have 10% of what they keep in reserve, in actual physical funds. That's an old statistic, it's probably lower now. So when you're skint and go for a loan then get charged 28% interest, they infact don't have the money either in practicality, only they make 28% interest.

[anen2345]

I'm not affected by this crisis.

[ultimaterealisation]

Nice video but its missing the basic point - its not the credit given out that caused the problem its what the credit was invested in - property. A car company makes a car - this has NEW value (based on materials labour market value) & is sold for MAX profit, to make more profit they must make a NEW car. The housing market model deviates; the first time a house is sold, it has real worth (materials, labour, market value) ONE time only. ALL successive re-sales based on a big bubble of nothing.

[Miles Mckeen]

What we need is an mediate 100 to 1 reverse split on all money and prices world wide and make the penny worth a penny again this trillions dollar talk is not sustainable.