The Credit Crunch Explained
Filed Under (News) by admin on 03-10-2009
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to hesaidicouldntjoinin…say your room is a “country”…and some stuff in your room is more valuble than others and it is divided between you and your sisters…money has not been invented yet so you use buttons found in your room as a “medium of exchange” between you and your sisters…is it gonna make a difference if you found 1000 more buttons in that room?
very good very well done
u fuckin retard grow up soft lad
This video explains why the global market de-railed. Not why you hate capitalism.
DEBT IS MONEY, IDIOTS
Informative, but shortsighted. How can you talk about homelessness and the scarcity of jobs without talking about why and how those poor people became poor in the first place? Their poverty didn’t just drop out of the sky. A lot of HISTORY is left out. HISTORY explains our PRESENT. We can’t talk about this recession as if it is new…for some people and groups, there has been a recession for decades…Let’s talk about racism, sexism, homophobia, age discrimination and the accumulation of wealth.
misleading video!!! blame poorer people struggling to pay for over valued (basic) housing. if less credit were given by the (greedy) banks, house prices would reduce to their true market value, if property speculators etc…
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So people are losing money and houses because currency conversions are being destroyed all because of lending money and debts stretching.
this is the greatest video on earth ,,,,,,,,,,,,guys you have explained such a complex thing in such a simple way ,,,,,,,,,,even a primary school kid can understand ,,,,,,,,,,,,,shame on you cnbc guys i will kick you in the butt
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Your path to the best mortgage information resource around.
Educating yourself costs you nothing, ignorance can cost you everything.
ive been reading over articles for ages trying to understand this and nothing but your video worked!! thanks so much!
Excellent video! Very well explained considering i’m doing an economics degree and this summarised it nicely…cheers!
lol…dat was hilarious but helpful…fanx man!!
This was really helpful, thanks alot.
FUCK THE BANKS!
good video for someone who doesn’t know much about economics but overall it is quite a vague and simplistic explanation
Ron Paul is Great!
yes just look up ron paul because he talks about it all the time
He’s kidding guys.
money as in paper form merly represent gold in the countrys vaults so they cant just print more paper if they dont have the gold. thats what germany did after ww1…i think? but it got them inot more trouble.
I understood almost everything up to 1:13 – when the narrator brought up “mortgage backed securities”. Can someone define what mortgages are, and also what are mortgage backed securities?
Why did the housing market decline?
What are interest rates?
What are cheap loan deals?
Overall. Not enough definitions.
nice vid man!
five stars!
Because that decreases the value of the dollar – because more money in circulation means less scarcity. It would cause inflation and prices will rise.