World Economic Collapse Explained in 3 Minutes : Are You Prepared For Financial Armageddon?
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Uploaded by bankonfood on May 19, 2011
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Top Comments
All Comments (47)
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"And I've ONLY lost a million dollars... and that's quite good, is it?" 2:33
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wait.... if all governments are in debt. where the money go?
1 month ago 2
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Because the US can print money!
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Every country owes to some other country and it will stay like that forever..it's called SHARING.
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True China doesn't own a significant amount of US debt. But this in no way indicates that the US is in good shape. China's GDP growth since 2007 was 45%, US GDP growth since 2007 was about 1%, US financial sector is almost entirely a big casino with plenty of outright theft to boot (high frequency trading). Scummy shit like banks making a "profit" by shorting themselves! How is that any different than burning what you own, collecting insurance, then claiming it's income. The fuck.
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Really good. Right up to the part where China owns US debt. In truth, the US owns almost all of the US debt. A very smal percentage is in fact, owned by China. But it sells more newspapers (which really need help these days) to do a bit of fear mongering (there's never enough of that, is there?).
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This is so frickin hillairous it is sad!! So accurate but the politicians just keep lying about it!! Awesome! Nice Job!
d2eere 8 months ago 17
I love this video lmao.
warzdune 8 months ago 6