www.positivemoney.org.uk – Have you ever wondered why there’s so much debt? Or why the experts and authorities seem completely unable to solve the current debt crisis? Well the reason they can’t solve it is because they’re trying to fix and repair the existing banking system. But the existing banking system is completely flawed. It’s the existing system that has buried all of us under a massive mountain of debt. In the next 3 minutes I’ll show you how the design of the banking system guarantees that the vast majority of people will end up in debt, and why allowing the banks to go back to business as usual would be the worst thing for the economy and for society as a whole. But first, where do you think all this debt came from? Many people would assume that a bank needs to get money from a saver before it can make a loan to a borrower – after all, isn’t that what banks do? Taking money from people who want to save it, and lending it to businesses and people who need to borrow? Well, Not exactly. Here’s a fact that not many people know. A bank doesn’t actually need to have any real money before it can make a loan to someone. When you take out a mortgage from the bank, the bank doesn’t take that money from somebody’s grandma’s life savings. No. Instead, they simply open up a computer, and type some numbers into your account. You get a huge wad of money in your account, and you also get a huge wad of debt that you’ll be repaying over the next 25 years. But the money that you …
Posts Tagged ‘ Crisis ’
Nov
It is set to be another bouncy week for investors, wracked with worry about eurozone debt. But the weekend in Washington may have produced some promise. The annual meeting of the International Monetary Fund was attended by eurozone leaders. It was no time for small talk. There is a sense now that leaders appreciate the size of the problem. But political divisions could yet scupper a deal. Al Jazeera’s Jonah Hull reports from London.
Elizabeth Warren on the debt crisis and fair taxation. To support her Massachusetts Senate Campaign, visit www.ElizabethWarren.com
bit.ly A must watch video for all specially for those who are considering going to US in future!!
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On this, the Sunday Edition of the Alex Jones Show, Alex confronts the latest breaking news and takes on important issues facing the nation including the debt ceiling theater and the high drama of Democrats and Republicans as the republic slips further into economic troubled waters. Alex also takes your calls. www.infowars.com www.prisonplanet.tv www.infowars.net www.prisonplanet.com
The current government debt crisis has some economic and investment parallels to the negative feedback loop that surfaced during the housing and mortgage crisis. Chris Ciovacco explains why cutting investment losses and portfolio risk management strategies may become vitally important again if the global government debt crisis cannot be contained. Even stocks, such as Apple, that are not directed impacted by government debt may get hit hard if the debt problems in Europe and United States escalate over time. Ciovacco Capital Management reviews investor rationale for not developing a risk management plan or “stop loss” strategy for their investments. The debt crisis could spark a new bear market in asset prices, which is something that needs to be respected.
On the Sunday, July 17 Edition of the Alex Jones Show, Alex confronts the latest news on the economy, federal government complicity in the unfolding Fast & Furious Mexican and Guatemalan gun-running scandal, and other important stories. Alex talks with Julie Bass, the suburban Detroit woman who was threatened by government for the crime of having a vegetable garden in her front yard. He also takes your calls. www.infowars.com www.prisonplanet.tv www.infowars.net www.prisonplanet.com
On this, the Sunday Edition of the Alex Jones Show, Alex confronts the latest breaking news and takes on important issues facing the nation including the debt ceiling theater and the high drama of Democrats and Republicans as the republic slips further into economic troubled waters. Alex also takes your calls. www.infowars.com www.prisonplanet.tv www.infowars.net www.prisonplanet.com
Sep
Dan discuss the European Debt Crisis