Global Financial Crisis Explained
The Short and Simple Story of the Credit Crisis. By Jonathan Jarvis. Crisisofcredit.com The goal of giving form to a complex situation like the credit crisis is to quickly supply the essence of the situation to those unfamiliar and uninitiated. This project was completed as part of my thesis work in the Media Design Program, a graduate studio at the Art Center College of Design in Pasadena, California. For more on my broader thesis work exploring the use of new media to make sense of a increasingly complex world, visit jonathanjarvis.com
Global Financial Crisis Explained
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Good stuff. Its helped me understand? why we are all suffering and why. Thanks
spectacular visual explanation. you forgot? the part where the people got robbed though.
Great video? thanks.
@jadedmastermind House prices went down because the bubble burst. The bubble was created in the first place because? everybody thought house prices would always go up. “House prices always go up” became a self defeating prophecy.
great video my brother was one of those brokers? and went bankrupt
Excellent video. My only? criticism is the fact that it doesn’t mention the government’s role in inflating the housing bubble by legally requiring banks to lend a certain percentage of mortgages to risky borrowers in an attempt to promote universal home ownership. It was a combination of foolishly defining homeownership as a right (hence, denying anybody a mortgage due to poor credit is a human rights violation) along with the misguided fiction that home values only ever go up (they go down too!)
Awesome video!! Thanks heaps? :)
it? is time to use GOLD and SILVER in our life.
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@agun17 The banks don’t want? the burden of renting it cost to much money without much return. Although they do allow rent to own. meaning you rent it pay the insurance and up keep but pay them a flat rate monthly. almost like buying but without the mortgage. and if you default on your payments then they have made money and move on to the next sucker…
Which application you use? to create this video~??
cooooolll!? :))))
Eurozone is also paying for another countries mistakes. The Netherlands has been a rich well faring country. Currently we’re paying billions to the European Union for a stability fund and billions to countries on the brink of bankrupcy. Because we have no choice or something… So now? we’re not a rich country and everything gets more costly, huge cuts on everything, even school. Our knowledge economy will take a hit in the future. This is not over. it’s faaar from over.
Really Good?
@agun17? the rents (monthly) dont even cover up a fraction of the interest that they need to repay. we’re talking billions and are you kidding?
Did economics? in high school last year still didnt know what the GFC was about. Good vid
@agun17 That would be cool, even cooler if they rent me one for n more than $250.00 a month. LOL, there was this dude with a rent sign at a mobil home about 1 years ago. I called back then 7 he was asking $1,000.00? down & $990.00 per month. last time i check the sign still there & no one ever rented out. He should of taken my offer then, which was $500.00 per month. I called him about two weeks ago, but this time my offer was $250.00 per month. in two years, my offer will be less.
The Pope controls the NEW WORLD ORDER because he is the anti christ Daniel the lord JESUS and Paul warned us about. Paul warned us that satan would hi jack the christian church and would install a false religious? leader. Rev 17 warns us that this false religious leader sits with a false Christian church in ROME and RULES OVER the leaders of the world. So far only the popes fit this description of anti christ. The pope controls the illuminati which are the elite satan worshiping families
google:
history of the money changers (bankers)
when you see the history of our modern banking system, you won’t have to be told what is at the root of this and every other financial crisis. it’ll be obvious.
don’t be duped into thinking the bankers made miscaluculations or mistakes; the ones? at the top–those who own the FED and other central banks around the world–know exactly what they’re doing.
check out history of bankers and you’ll see this is an old trick on a larger scale
For a nice solution of the economic global crisis, see the video? ( 6 minutes)
youtube.com/watch?v=fslmey589jE
@agun17 Banks are in the business of lending money not in the real state? business. Its not a bad idea, banks would just need to create rent/house management departments.
Thanks? to this vid. I tried to read up the related articles few years back but could not understand a thing.
@ranged2hard The eurozone is more a case of exchanged loans, wherein, country A has lent to country B and B to C and C to A; Interest is the issue, the amount owed increases, with the governments only paying the bare minimum on the loan each quarter, padding the budget, making the country seem more attractive to investors. However, the minimum amount isn’t enough to stay the interest and the amount owed goes up; eventually the loans are called in and the system collapses under its? own weight.
@ranged2hard a lot? of european banks had a lot of money in these CDO’s, much more than they could afford but they were just trusting the ratings and economists.
and the moral? of the story. don’t take out loans. if you don’t have the money for it you don’t need it. save to buy your home outright.