I am new to the forum and I am here to share a YouTube video (my own 'crash course' if you like) that I have recently created (the first installment anyway):
In it I explore the process of money creation through fractional reserve lending and central banking in more detail and show how it leads to our current perpetual & infinite growth paradigm (or ponzi economic system). I also explain why the categorical statement "the interest of a loan does not exist therefore it can't be repaid" is actually wrong and how it is theoretically possible given a few prerequisits, which are - alas - not fulfilled in reality.
I also talk about sovereign debt, gdp growth and interest rates quite a bit and to ensure that everybody can actually follow my explanations, I present the most basic facts about balances and a few key definitions like solvency and leverage in the beginning.
You will find quite a few similarities to the crash course and Salman Khans (of Khan Academy) money and banking videos and I actually think of my video as a fusion of their videos with a few additions of my own, so I credit them in the end.
I hope you like it!
Group for Preppers, Homesteaders, and helpful neighbors in Gallatin County
Stories and Predictions of the Future. The more detailed, the better.
Calvert and St. Marys County
For Texans living in/around Colorado County (Columbus, Weimar, Eagle Lake, etc.)
Folks in the Southeast South Carolina area helping each other prepare for whatever might happen