Credit CRISIS Animation. Sub Prime just PRETEXT. Banks Brokers Mortgages Foreclosure. Money and Debt
Posted on February 24, 2009
Filed Under Foreclosure Articles |
Please visit the original Author’s (Jonathan Jarvis) channel from: http://www.youtube.com/user/graphixmdp
CRISIS of Credit Visualized Animation.
The Financial SYSTEM is built for PERPETUAL EXPONENTIAL GROWTH
Banks Rating Agencies Brokers Mortgages Foreclosure Money and Debt Subprime Pretext
Also watch: Corrupt Banking System - How Money is Created - Money As Debt.
For the FULL PICTURE.
Duration : 0:10:55
Comments
13 Responses to “Credit CRISIS Animation. Sub Prime just PRETEXT. Banks Brokers Mortgages Foreclosure. Money and Debt”
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get rid of …
get rid of annotations, they’re not necessary
“Comment removed by …
“Comment removed by author” means avpearson1 deleted the message himself
I DID NOT remove ” …
I DID NOT remove “avpearson1″ COMMENT.
WHY does YOUTUBE say I DID ?
I think you just …
I think you just inspired me to make my own videos. haha but I’m too lazy to! but good job with this video I can’t wait to see more of your work
Damn you for …
you for putting tags on this very nice video. It ruins the video.
now i really …
now i really understand what happened…. thanks a lot for this informative video
it would be …
it would be hilarious if it wasn’t so tragic
The outrageous …
The outrageous leverage, was the second example of leverage that went off the screen.
Minimal leverage, is something ANYONE can handle, and use to their benefit, and helps the entire economy grow with real wealth (not luxury wealth)
Insane leverage will destroy economies. It’s a two edged sword.
Without leverage, …
Without leverage, you cannot attract traders.
And traders? Traders are the solution to the entire problem. You restrict traders? There is no bottom, and the entire thing will descend to complete and utter madness. Traders are liquidity.
11 to 1 is as the first example in the video. Any citizen could engage in that. I know guys that had next to nothing and attained wealth. That .. I thought … was the American dreaming. That anyone, anywhere, could make it.
I AGREE that the …
I AGREE that the removal of restrictions is also a big factor.
BUT, the SYSTEM worked for 50 Years but it had lots of problems and CRACKS in the last 10 years.
It WORKED because after the WAR there was a LOT of CAPITAL flowing into the US.
AND I don’t consider it to WORK when people have to WORK 20 years for a BANK just to satisfy a BASIC human need HOUSING.
AND 50 YEARS is NOTHING in terms of a SOCIETY.
But it worked for …
But it worked for decades with absolutely no problem. None whatsoever. Since at least the 50’s.
But the upper, upper tier, was 11 to 1 leverage. It allowed your average citizen, just your joe blow, to get ahead, without waiting 75 years. But the upper tier was 11 to 1. Many people would only use 5 to 1.
A few years ago, the SEC removed the restrictions for the large banks, so that leverage was possible of 50 to 1. Which is suicidal.
I dont think …
I dont think LEVERAGE is ok as a SYSTEM.
In this way people that have ACCESS to money can make more money just by OWNING money.
This increases the PRESSURE on the FINANCIAL SYSTEM to GROW EXPONENTIALLY and potentially increase the RISK of COLLAPSE.
Leverage in and of …
Leverage in and of itself is not bad.
One thing left out, was that the leverage LIMITS was eliminated just a few years back. 11 to 1 leverage (safe leverage) has been used for decades and decades and decades. Your average joe citizen was able to use that sort of leverage as much as he wanted.
But the leverage used in this mess was OVER-leverage. 30 to 1. 40 to 1. 50 to 1.