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DEBT

Is Debt Guaranteed? This video shows reasons to why it is, and how on the consumer sector we are climbing the debt chair at greater lengths. LINK to the data used in the Consumer debt to GDP www.economagic.com

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This entry was posted on Friday, February 19th, 2010 at 7:14 pm and is filed under Loan Debt. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.

25 Responses to “DEBT”

  1. are you high? Nothing you’re saying makes any sense. What does Bush or Obama have to do with any of this?

  2. @mrkurt13 did you see.Bush Billboard Slams Obama – ‘Miss Me Yet’?..that you bush hahahahaha

  3. what does bush have to do with any of this?

  4. endlessmountain on February 19th, 2010 at 7:14 pm

    that is correct on the revenue statement, and of course this is only a small part of their revenues.

    When people do not pay back and we need to throw in an expense called “Bad debts expense” which is part of its complex financial statements.

  5. You have your label “profit” which should be revenue, because the banks would have some expenses.

  6. “Compound interest is the most powerful force in the universe”

    So with the US ever loosing jobs, not only is the debt increasing but GDP is decreasing, yes? “Burning the candle at both ends” to quote my mother

  7. thank you! BUSH

  8. We have 3.8% on the mortgage right now.

  9. 100% debt to GDP ??

  10. ‘Debt’ ’spreadsheet’

  11. Thanks for your time. Putting those charts together had to take so much time.

  12. That graph is anything but stable lol humans cant control their emotions

    loved this :) thank you very much.

  13. I have a question: when do banks borrow from the fed? With fractional reserve banking, they can lend 10 times deposits. So they ‘create’ 9 times deposits to lend it. Do they borrow this money from the fed or do they create it themselves? Or do they only borrow from the fed once they already have multiplied deposits by 10 and want to lend more?

  14. Excellant video ! Debt slaves are right.
    Look who wins….always !

  15. thanks for breaking down those numbers, that was helpful to put it in those terms

  16. cosmicguerilla1 on February 19th, 2010 at 7:14 pm

    cool !

  17. Nice. vid. I hope people are getting point. Banks are here to make a profit but when you look at the numbers its actually a ludicrous amount that they rip from the average consumer. Look at that 79.9% apr credit card that is out now.

  18. JOHNNYH8STHENWO on February 19th, 2010 at 7:14 pm

    Great video!!

  19. correct me if I am wrong, the money that the consumer borrows is actually money out of thin air created by the Fed via Fractional reserve banking? If this is true, why would the bank need to borrow from the fed? The ratio is 1 to 10 right? So when a depositor deposits 100 dollars the bank can loan 1000 right, so am I missing something?

  20. NibiruMagick2012 on February 19th, 2010 at 7:14 pm

    Thanks*****

  21. @zeusvalentine
    I agree, right now we will see deflation for the short term. Once the dollar gets devalued then watch out. Looking to buy silver at 12 to 14 maybe gold at 850 to 900

  22. Nice video, Derek! Keep ‘em comin’.

  23. Wrong – you compared GDP to assets, this is not true. Comparing GDP to income would be a better senario

  24. Hi, Derek, I am setting up like ten new companies here in France, I kid you not, plus three YouTube channels. My spouse’s Greek coworker is desperately trying to get French citizenship! I have shared your channel SO MUCH and actually the ads are sometimes useful — who knew? You have inspired me so much with your wonderful channel. You are really such a nice person.

  25. Seriously the banks can’t really be making that mutch money from you can they? Is it really that easy and cheap to borrow money from the fed to give a loan to a consumer? if so couldn’t a regular citizen start a bank and undercut their prices? Can someone enlighten me on this plz :P I don’t understand how they can keep fucking us over with a free market (I know its not free but bare with me here for a bit)…

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