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Debt Crisis Level 1

Start here if you don’t know the first thing about economics and how it shapes your world. This level aims to explain the basics in 5 mins or less.

Click on each image to watch the corresponding video in a pop up box or alternatively click on the headline to go to the post that may contain a written explanation of the video in question. The grid at the bottom of the page works in much the same way but is also a representation of all the videos in this series. Just so you don’t miss out on anything.

  • Why Do Banks Make So Much Money?

    Why Do Banks Make So Much Money?

    http://www.youtube.com/watch?v=DOa8U0yixgQ It’s hard to believe but banks have the licence to print money, or rather the licence to type it into a computer screen every time some one takes out a loan. It defies common sense but stop and think about it. If an economy grows, the money supply must grow too. Someone needs to […]

    12 year old Canadian Victoria Grant explains the Debt Crisis

    12 year old Canadian Victoria Grant explains the Debt Crisis

    Want to know where money comes from? Victoria here has an excellent summary of how governments have given this power to the banks.

    The Crisis of Credit

    The Crisis of Credit

    I love this video on so many levels. In the 11 mins I learnt more about all the financial crisis mumbo jumbo than i had with the hours of newspaper articles. And it’s so damn pretty too. My gold standard for educational videos.

  • Why Do Banks Make So Much Money?
  • 12 year old Canadian Victoria Grant explains the Debt Crisis
  • The Crisis of Credit
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