The Credit Crunch Explained

'Visual thinking' is a new technique that we use to create visual explanations of complex messages. It enables you to literally see the various elements & how they all fit together.

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Category:

News & Politics

Tags:

• creditcrunch
• recession
• subprime
• finance
• markets
• business
• interest
• rates
• economy
• debt
• communications
• animation
• economics
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• science
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[VidaMusicDivision]

The above video does not descride the credit cruch. Contrary to what 'home' say her - the credit cruch was not caused because banks lent to poor people who were unable to pay back their loans. For a more detailed, entertaining and inteligent theory pls see RSA Animate - Crises of Capitalism

[Thisishomevideo]

@VidaMusicDivision Hello there. I thought i'd drop you a note. I would expect all viewers who look at this 2 min film to not take the information verbatim. Clearly this is just an simple engaging overview. With more time, more detail can be explored as other longer films on youtube show. Thanks for taking interest.

[spenningtor]

Hello thanks for this informative film. Have you done any other "finance simply explained" videos? like p.a.y.e and other things. Thanks once again

[Thisishomevideo]

@spenningtor Hi there.

We make a lot of videos and animations that are used in internal communications.

It ranges from pensions to policy documents.

We have many clients in the UK and throughout the world we do animations for.

[Ex0dus111]

Part 2: Also the cost of borrowing HAS NOT gone up in any significant way.

And the idea that this stopped money from traveling around the world thus causing the credit crisis is so fucking stupid u should have ur head examined.

Hedge funds are making so much money off the market that there is nothing left for the rest of us, and thats what they want now, the rest.

[Ex0dus111]

Im sorry, this is NONSENSE!

Sub Prime mortage debt has never been a bad marked if handled properly, what happend was finansial institutions decided to make money by betting against them, and so adopted Predatory Lending practices. First by using political power to deregulate Fannie Mae in 2001 allowing higher loans to poorer people. Then by instituting a a system to the bank employees that instivised them to trick their customers. When the bubble collapsed SOMEONE made a shit load of money.

[lolcatish]

No, it is much more simple then this, international JEWRY.

[Zimnyification]

You forgot the federal reserve guaranteeing loans being the reason for the bad loans to begin with

[NearAbbeyRoad]

@mw01908

"This video only tells half the story."

That is true. The ROOT CAUSE was LAND. Debt after debt was poured into land because it was not taxed. Gains in LAND are tax free. Loans can secured against LAND as if repossessed the lender pay not tax on the LAND. So much money was poured into land rather than enterprise that it fell over and took all with it.

SOLUTION: Tax the VALUES of all land and its RESOURCES. Not the house (the CAPITAL), the LAND, ALL LAND, even fields. Look up Geoism.

[sataricon111]

@mw01908

Ohh but it did start in the US.

[2itch]

@mw01908 Oh really? And where did it start?