Trying to explain the current problems facing the financial system is very complicated. If you know someone who is trying to figure it out, send them these videos. This is the only way I have ever been able to understand it.
Woah... I never understood how money worked. This guy does an amazing job of explaining the history of money.
Now I see how/why our economy is so fuXed. We went from have money which was a true asset (because it was backed by gold) to money that is true debt (mortgages and credit cards). Why are banks the only institution that can "create" money? Once a new banking model is developed, it will revolutionize everything. I cant wait to invest in it.
