The Greek Debt Crisis Explained in Four Minutes
In which John explains the Greek debt crisis, which has pushed the Greek government close to defaulting on its loans, the reasons why the Euro zone and the IMF are desperately trying to bail Greece out, and what the rising cost of sovereign debt means for the massive budget deficits throughout the developed world. Thanks to Karen Kavett at www.youtube.com for the illustration. Debt Chart: en.wikipedia.org
This video takes you to the United Estates–a gated community in sunny Florida–to help you understand the impact of Congress decision to annually raise our nations debt limit without addressing the out-of-control spending that keeps us buried in debt.
greeks we Turks won’t came to your islands. hahahahahahaaaaa….
find an another way to find money, we won’t let you steal our money with your cheap quality.we are not dumb like germans and europeans are. hahahahahahaa…..
@Mirach57 Big words. We like to take our loses more than Greek. Ooowwhh IMF doesn’t want to lend you money!!
Well good luck! Holland isn’t lending money without the IMF and the EU can go fuck off.
@Brulluhman Greek women would never spread their legs to fascist pigs like you! Why don’t you run along and open some history books and also try to understand who is behind the economic “crisis”. Greece may have been the first victim of the economic war in the EU, but rest assured more will follow.
@jassumcelik fuck you SKOPJA! i hope you all die due to cancer!
European union should just be renamed to Debt Union, simply because it’s not just us who have economic problems, but all countries do(although some hide it). All countries should leave EU!!!
@jassumcelik Fuck you Algaynian dog, we are the first inhabitants of europe, you albanians come from mongholia!!!
The world should know what kind of parasites the Greeks are. They are ungrateful scum who kiss the asses of bigger nations to loan them money but in the same time they are screwing their neighbours such as Macedonia by not permiting them to enter NATO and EU. I’m so happy that this shithole country is going bancroped but i feel sorry for the west european countryes who must pay their dept. The Greek gipsy subhumans belong to ethiopia and not in the EU!
if Greece has to go through all these….what about Luxembourg???? Spain? Portugal? Italy??? Norway?? Ireland went through this also but it had 7 TIMES BIGGER DEBT!!!!! look at the GDP coverage they have….GDP shows the health of an economy…
Greeks use turkish prime minister’s tyranic methods to get out of this crisis:
leave half percent of the population on the subsistance level by giving 210 euros to pensioners on avarage, giving 298 euros as minimum wage, giving 390 euros to all goverment employees on avarage, giving way to off-the-record trade, smuggling, uninsured recruitment and illegal businesses, putting opposing voices into jail, imposing censorship on all media organs.
@sethboy66 Yes, I agree. And then the aliens come and you know what? Santa Claus is alive! The only reason that the Germans would try to save civilians is only because they might need more slaves.
@Fluorinert it would only take months because they would be trying to save as many civilians as possible they could just bomb the place though.
greece is not a fancy pants country if they default it hurts germany france and england. it will encourage other like portugal ireland. to default and cause a crisis in Germany France and England. especially if Spain defaults. which would cause them to lose liquity and may default. which would hurt all of us
@sethboy66 We all know what the Germans can do… but if they need months for Greece, then they do not stand many chances. On the other hand, they preferred the financial way to take over the whole Europe.
@sethboy66 obviously your a total nutjob…
@OblivionFireStorm well as is i was talking about you so, yes you do need to help yourself.
@sethboy66 Ye someone has problems indeed….but i can help that person sorry , he has to help himself.
@OblivionFireStorm someone has some problems don’t they. you should work those out.
@sethboy66 dumbass ,why dont you read the comment first ,that i commented on, then you would keep your dumb mouth shut.
@OblivionFireStorm oh and start a war with germany and france england the uk sweden and america will be right behind germany in the fight.
Another propaganda piece from the Heritage Foundation.
Where is the part where Steve cut the Home Owners Fees for the wealthiest residents? And where is the part where Steve borrowed 700 Billion and gave it away to Banks and Wall Street investors who promptly gave themselves huge bonuses?
This was great and very Educational to me, now i sum what understand
Who is this guy?
You forgot say at what point, Steve starts to blame George Bush for their debt problems.
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Nice videos this you tube world just gets bigger every day! When you have time come visit my channel!
Nice videos this you tube world just gets bigger every day! When you have time come visit my channel!
Nice videos this you tube world just gets bigger every day! When you have time come visit my channel!
Nice videos this you tube world just gets bigger every day! When you have time come visit my channel!
@Yankeeprepper then i suggest you don’t bother commenting on youtube. Your dumber than shit and should be flushed down the toilet where you belong. Nothing is free, yet earth supplies it for free, fiat currency is backed by debt. Debt has no value. Blame it on the slobs or the rich? instead blame the people who forced currency into our lives. We have the technology to live a high standard of living. We have the intelligence to maintain earth resources using technology. Do some research bud.
Why the fuck do they bother making a debt limit if you can just raise it every year. If you disagree, you’re a hopeless tool
Excellent! Thanks for educating me.
[Pt 1] Okay so we know our problems are not Wealthy Individuals (not to be confused with rich individuals). The real problem and possibly the only problem regarding all economies is one simple fact; adding maybe a few smaller subcategories within the one fact.
[Pt 2] The Biggest Problem That Eludes Most Peoples Intellect? (drum roll)… INTEREST (and compound interest)!!! and thus why we are all broke and will never [EVER] recover. $1,000.00 is $1,000.00; if 10% interest is attached the $1,000.00 is now $1,100.00… very simple math right? Here’s the problem, the $100.00 doesn’t exist anywhere; it’s imaginary!! * don’t forget to add compound interest to the $100.00!!
[Pt 3] Now do this with all monies ever borrowed since the word [INTEREST] became a common borrowing ideal and what we find is an unimaginable massive – beyond anyone’s concept of [Imaginary Money] – who knows for sure how many zeros come after the one. However the World Bankers, World Corporations and the like have gathered/traded –ALL—this interest and became wealthy beyond anyone’s imagination. (rather shrewd; you guys are so smart)
[Pt 4] All economies are based on the global money markets; the latter mentioned manipulative Wealthy beyond our imagination Conglomerates plot and move monies around at will – causing panic and economic imbalance; ultimately buying up all stocks (to save the day and stabilize our economies; our heroes) at an extreme low cost to them and a big loss for all saving for a rainy day.
[Pt 5] When people realize that all laws, policies, politicians, governments and the like are run by these conglomerations and not us (we have no wealth; just debt) then we realize it’s time for this game of MONOPOLY to be put back into the box… the game is over.
[Pt 6] We lost and some won – yeah – they are truly superior to us common folks yet no matter how you slice it there are only a few that continue to play the game and if we wait for them to finish this game – to find one sole winner… you and I along with millions plus …will probably be dead!!
- – - PUT THE F*ING GAME BACK INTO THE BOX… YESTERDAY PEOPLE!!!
@johannas58
We all pay social security and medicare tax if you work….as long as you are not a government employee. They have collective bargaining that gives them the choice on participation in social security or not. Shouldn’t I get that same choice too? That is another topic, but what I meant to say is, “50% of all income earners pay virtually no income tax.”:
This is why BHO still has any support. That is only why. About half don’t contribute.