Another great animation on the staggering amounts of money spent by military forces.
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Not normally something you would expect from the credits of a Will Ferrell movie but the visualisation that follows is a slick bit of work that shows how the corporate fat cats are getting that that much fatter at the expense of the people at the bottom of the economic food chain.
Another Vlogbrothers quick-fire diatribe in which John discusses the U.S. public debt, our dangerously high debt to GDP ratio, the S&P’s downgrade of America’s credit rating, and why our debt may not be as unmanageable as it seems. There’s also some general discussion of economics, currency, the gold standard, and the worldwide financial system’s dependence of the American dollar.
A good little video which explains the links of extreme debt with the debt cycle and printing money (economists use the term quantitative easing) with inflation. They are all interlinked and we have no hope of really eliminating our debt. What does that mean exactly? Well good question. Lots of governments have never cleared their debts so it’s kinda hard to say. But tougher times look likely.