Global Financial Crisis explained in 96 seconds. Video

A simple explanation of what's wrong with the global economy, and why it's getting worse.

Comments on "Global Financial Crisis explained in 96 seconds."

Country A ? is ...
Country A ? is Greece and Croatia which are in DEEP s**t.

country? b is ...
country? b is germany

Do you know that ...
Do you know that Christianity? is correct? The world around us reveals that G-d DOES exist, and the historical evidence reveals that Jesus Christ really did come to this earth and there is overwhelming evidence that Jesus Christ really did physically rise from the dead. Jesus is coming again and the signs of the end times that were foretold in the Bible are coming? to pass.

THIS VIDEO FAILS? ...
THIS VIDEO FAILS? TO EXPLAIN WHERE ALL THE LOANS (MONEY) ORIGINATES. THE CENTRAL BANKS THAT CREATE IT FROM NOTHING! And call it loans....

The example in the ...
The example in the video shows two countries. They are? Spain and Germany. It's not laying blame on Spain and Germany. It is explaining how two countries can both owe each other and get deeper into debt.

Well, the money has ...
Well, the money has to come from somewhere. So if it's not repaid as agreed then it's practically stolen. I understand what you mean though-- I don't think nations see it that way at all. A lot? of politics involved.

I am not blaming ...
I am not blaming Spain nor Germany? i just know it are those countries. It wasn't my intention to blame them for the crisis.

How about it was ...
How about it was America's deregulated banks that caused the world economic crisis by pedaling there s*** to everyone?

Country A? = Spain ...
Country A? = Spain Country B = Germany

And what exactly ...
And what exactly did he mean by that? by asking what one can do for their country, he is askign what? you can do for the people fo that country, correct? Maybe it should have been: ask not what you can do to make your country better for YOu, but to make your country better for EVERYONE :)

country B is? ...
country B is? Germany, coincidence?

Short and sweet.?
Short and sweet.?

@supercool A and? B ...
@supercool A and? B are countries, not individuals, and the "debt" is aggregate debt, not individual debts. In a nutshell, if individuals owed each other money they could offset their debts, but basically the debts are owed to different individuals or legal entities, so they cannot be offset.

so nobody should ...
so nobody should blame immigrants for having lost? their jobs but rather the government

Can someone explain ...
Can someone explain why if A owes B money, while B owes? A money, the amount the owes doesn't cancel out?

How about we just ...
How about we just kill the centralbanks, IMF and all international greedy banking corporations off the planet. Write off all the countries debts and abolish interestbased banking once and for all. ?

Government debt is ...
Government debt is not meant to be repaid. It's not given like a mortgage, where you must pay $X for Y months. Usually countries already have debts and more debt is added. The? country pays a portion of the debt, forever. The debts are seen by the banks in different ways. To get a mortgage, you save up and then prove you can pay $X p/month. They treat individual loans as if they have been repaid (the bank adds your loan to it's balance, it doesn't subtract the loan).

Honestly, the ...
Honestly, the difference is how the debt is meant to be paid. For a mortgage, for example, you pay $X a month for Y months. You can have a fixed rate, where it's locked for the entire period, or floating, where it fluctuates. The interesting part (where I'm from,? anyway) is that if you want to pay outright after you have gotten the loan, you have to pay an additional fee. The bank counts on you paying X of the loan and xY of the interest, but you are expected to pay it off.

Quite possibly ...
Quite possibly interest will continue to rise until the tax burden is so great that the government is pressured into stopping most or all of its payments and who knows what happens then? Sorry to ramble? but youtube has a very strict letter limit and the deficit is a complex issue. Actually, I really didn't even say that much. Separating my comments just gives the illusion I said a bunch I suppose.

We've gotten to the ...
We've gotten to the point now where we would be completely SWAMPED with interest if an honest man decided to end the vicious cycle by trying to pay it all off. Reducing the deficit has become a hot-button issue in politics lately, but I wonder how anyone will even attempt to mend the situation without simply cutting a chunk out of spending. Everyone wants to end the insane debt but no one wants to see spending? get cut.

Everyone knows we ...
Everyone knows we are spending money we don't have but none of the politicians want to be the one who puts his foot down and says "Godamnit congress, it's time to balance the? budget" because that's not what voters want to hear. The difference is a family of four would have their house repossessed but the mighty US empire has no worries of that. The US can continue to rack up debt all it wants because it pays just enough interest to keep investors interested.

Ah, I see what you ...
Ah, I see what you mean now. One thing to note though: Often? times bankers have to deal with these types of situations because a family can't pay the mortgage due to the husband being laid off or work hours getting cut, it's not very common for a family to stop paying their note simply because they make more than enough but decided to blow it all on other things. And this is the problem the US faces (and many other nations).

lack of confidence ...
lack of confidence in purchasing government bonds from peripheral economies, bondholders took a big haircut but ECB held bonds were spared, investors will look elsewhere and EU countries such as portugal/spain will have trouble borrowing money you agree with? me on my main point though, at least, i wasnt saying anything controversial

It's not debateable ...
It's not debateable. Printing money devalues currency. Just look at Zimbabwe's economy if you want to argue for the printing of money. I don't understand how the problems in Greece could spread. Do you mean, the problems? will get worse if the debt of other states is bigger than their economies? That's a no-brainer. I have already stated earlier that Germany's economy is dependant upon the whole EU (as their economy relies on exports, and importing countries need purchasing power).

thats debateable, ...
thats debateable, anyway my initial argument would be that germany would be worse off than the UK? if the problems in greece spreads, i think you would agree

Printing money ...
Printing money won't get you? out of a recession.

yes,? because we ...
yes,? because we can print money b***h hahahahahaha

Here are some ...
Here are some headlines for you: "Drop in UK industrial output reignites recession fears" "UK recovery has been weaker than in US, Germany, France and Canada" The UK economy being linked to the? US economy would be a good thing - if the US had a $15 trillion economy but didn't have a $13 trillion debt. Look at UK industry and infrastructure. Do you think the UK would recover before Germany?

read my comment, i ...
read my comment, i said germany will go down? before england, when did i mention "other EU economies" ? and trust me germany will go down before england

Note some key ...
Note some key points - "reducing your debt could enable you getting enough money to pay me more interest in the future" "you have already been servicing the debt" I'm not talking about you taking out a loan and never repaying it. I'm talking about you paying, and paying, and paying, and then being unable to pay,? and myself choosing to wipe out some debt (as you get another loan in the future - you aren't exactly "wiped clean"). If you can't pay the debt, why not?