Global Financial Crisis explained in 96 seconds. financial crisis 2008 explained

Thanks for the Video clip! Excuse me for butting in, I would love your initial thoughts. Have you heard the talk about – Saankramer Debacle Collapse System (just google it)? It is a great one of a kind product for learning how to conquer the coming world collapse without the hard work. Ive heard some interesting things about it and my close friend Aubrey at very last got great success with it.

wehe

Wouldn't it be nice if one could "actually" explain the world economy in 96 seconds? Unfortunately it's not possible to do so, and only a fool would believe it to be otherwise.
What's at the heart of the entire system is the mentality of winner take all, zero sum games, greed, ignorance, and a complete lack of understanding that we on this earth are all now globally connected. There is no such thing as a Chinese economy, or British, or American, or European economy. The interconnections, and interdependency is nearly absolute. The tweaks and tinkering are like trying to put a bandaid on a massive head wound. There's only one way back to stability, and that is to "spread the wealth", forgive debts, and provide the best possible education for every single man woman, and child with the same gusto as we build nuclear arsenals, tanks, and fighter bombers. Our biological environment, and our economies are inextricably linked. Until we admit this, and act accordingly we are headed for continued financial instability, and endless crisis.

Interest is the root of the problem

Country B is german?

Simple and best video. Thank you.

What a dumb video. This man has a tenuous grasp of economics.

i agree with everything but slightly annoyed that the author did not mention that if you can only pay part of the interest 'and you keep borrowing money' then that makes the debt burden even worse.

That was 95 seconds not 96. I don't trust this guy anymore.

This is happening in Sweden, and we are not in Euro zone!!!

Strange… I didn't hear the word ''bank'' in this video…

Ancient Babylonians knew very simple math modern "economists" refuse to see.

A loan on 5% interest doubles the amount owed in less than 15 years.

Add to this the current banksters swindle where modern money in circulation (FIAT money, or debt based money) has long ago ceased to have anything to do with real goods and production and you have a premeditated fraud specially devised to create CHAOS so certain people can play "Saviors" by providing you with a solution that will take away from you ANY form of freedom, simply so that they will able to rule as "One World Government".

The idea is a very simplistic one. Everybody will be so disgusted with everything that they will be just ripe to beg: "Save us. Save us. Oh please, oh please SAVE US!" And the "saviors" will say. "Oh, it's very simple. You only have to abolish money and you are all set. And then, blah, blah, …" 

They don't tell you that along with that, there goes all of your rights to property, freedom, individual thought, all of that goes by the boards, but that's only a minor detail in "saving" you, see?

What a childish idiotic way to effect a "One World Government" indeed …

They will do anything and everything to create that chaos and havoc not only in the economy, but also in social problems, wars, and so on, the entire package.

Well, I don't blame them. That's all they know, so that's what they do. Typical behavior of criminals and idiots:

Utterly unable to think of consequences

Let's get things straight for someone who may be interested in learning about the Global Financial Crisis (note the capitals for the proper noun – i.e. it's a proper name).  This is not about the Global Financial Crisis, this is more of generic complaint about an aspect of the current international financial system (you can agree or, like most economists, disagree with it).

Why would they get angry after sending their money to foreigners.?

What is the truth of life? There is a site called The Truth Contest (Look it up)

oversimplification

And I am amazed that u could explain economic crisis is 96 seconds.

This is wrong.. They do not ow countries money. They own bankers money..  Very deceptive explanation designed to divert anger of the people away from the bankers towards other nations.. cunning…

Welcome to Economic Misinformation 101.

Its about the time people start bitching about multiculturalism and immigrants. Bunch of poor, dumb fucks looking for scapegoats.

Thanks for sharing .

Strike all debt, reset to zero and rethink premise.

This video handwaves very important things such as how inflation interacts with interest, when governments should run deficits and when they should save, and why governments default. It also ignores the fact that a government's debt is not just to other countries; some countries, like the US, have debt that is mainly owed to both the citizens of the country and the government itself.

It's a debt-based currency. Where does the money for interest on the Federal deficits come from? It has to be borrowed into existence. But where does the money for interest for that loan come from? It has to be borrowed into existence as well. The cycle is perpetual, and will always continue to grow in debt until it collapses. "If something can't go up (or down) forever, it won't." People don't realize that the system is working as designed. It is a debt-based fiat currency. We HAVE to keep going further into-debt in order to maintain the status quo. We need to keep the Federal Reserve's monopoly over our fiat currency in order to maintain the wealth disparity. The monetary system is a machine, and it is working well, but working well for who?