European Debt Crisis - Economic Collapse In 3 Minutes - Clarke & Dawe MUST SEE Video



European Debt Crisis - World Economy Explained - Do something about it today http://SilverProphets.com - Click Now and discover how to get free silver! http://www.youtube.com/user/WhereToBuySilverNow - http://www.mrjohnclarke.com "Roger, Financial Consultant" Originally aired on ABC 7:30 Report, 20/05/2010 http://en.wikipedia.org/wiki/European_sovereign-debt_crisis The European sovereign debt crisis is an ongoing financial crisis that has made it difficult or impossible for some countries in the euro area to repay or re-finance their government debt without the assistance of third parties.[3] From late 2009, fears of a sovereign debt crisis developed among investors as a result of the rising private and government debt levels around the world together with a wave of downgrading of government debt in some European states. Causes of the crisis varied by country. In several countries, private debts arising from a property bubble were transferred to sovereign debt as a result of banking system bailouts and government responses to slowing economies post-bubble. In Greece, unsustainable public sector wage and pension commitments drove the debt increase. The structure of the Eurozone as a monetary union (i.e., one currency) without fiscal union (e.g., different tax and public pension rules) contributed to the crisis and harmed the ability of European leaders to respond.[4][5] European banks own a significant amount of sovereign debt, such that concerns regarding the solvency of banking systems or sovereigns are negatively reinforcing.[6] Concerns intensified in early 2010 and thereafter,[7][8] leading Europe's finance ministers on 9 May 2010 to approve a rescue package worth €750 billion aimed at ensuring financial stability across Europe by creating the European Financial Stability Facility (EFSF).[9] In October 2011 and February 2012, the eurozone leaders agreed on more measures designed to prevent the collapse of member economies. This included an agreement whereby banks would accept a 53.5% write-off of Greek debt owed to private creditors,[10] increasing the EFSF to about €1 trillion, and requiring European banks to achieve 9% capitalisation.[11] To restore confidence in Europe, EU leaders also agreed to create a European Fiscal Compact including the commitment of each participating country to introduce a balanced budget amendment.[12][13] European policy makers have also proposed greater integration of EU banking management with euro-wide deposit insurance, bank oversight and joint means for the recapitalization or resolution of failing banks.[14] The European Central Bank has taken measures to maintain money flows between European banks by lowering interest rates and providing weaker banks (mostly from crisis countries) with cheap loans of more than one trillion Euros. To address the deeper roots of economic imbalances most EU countries agreed on adopting the Euro Plus Pact, consisting of political reforms to improve fiscal strength and competitiveness. This has forced weaker countries to draw up ever more austerity measures to bring down national deficits and debt levels. Such non-Keynesian policies have been criticized by various economists, many of which called for a new growth strategy based on additional public investments, financed by growth-friendly taxes on property, land, wealth, and financial institutions, most prominently a new EU financial transaction tax. EU leaders have agreed to moderately increase the funds of the European Investment Bank to kick-start infrastructure projects and increase loans to the private sector. Furthermore, weaker EU economies were asked to restore competitiveness through internal devaluation, i.e. lowering their relative production costs.[23] It is hoped that these measures will decrease current account imbalances among Euro-zone member states and gradually lead to an end of the crisis. The crisis has had a major impact on EU politics, leading to power shifts in several European countries, most notably in Greece, Ireland, Italy, Portugal, Spain, and France. http://www.youtube.com/user/WhereToBuySilverNow http://www.youtube.com/watch?v=I5QwKEwo4Bc Video SEO: http://www.youtube.com/user/VideoSeoServices http://www.videoseoservices.com For all your video seo services European Debt Crisis

Comments


  1. this viedo is more than 4 years old,
    and the European Union hasn't improved, the EU has declined even further, bankrupt, lol
  2. Lolololol
  3. it's a joke . cancel all world debt. clean slate for the whole wide world.😃
  4. is this a comedy act, it reminds me a lot of, "who's on first" but instead of feeling funny , it feels deeply political and sad.
  5. This comments are so sad... betting on other's collapse.... I bet on world collapse, as we are such idiots
  6. It's not funny because it's true
  7. People, nay not even governments control the flow of currency from concept to printing to ebb and flow it is controlled by the gods of finance. How then are the finance gods not themselves responsible for the delusions of the financial world today?
    Are we to believe that we lowly servants have wrought this great catastrophe on ourselves? Indeed we are merely game pieces on the risk board. They are playing a game. They have all the rules and only the trillion-airs roll the die. Theit biggest success is that the populace is blinded by all the clutter at eye level. We can't see the bigger picture in scope, and by our faith in these powermongers of satan to treat us humanly we look to wolves in sheeps clothing to save US.
    You are strong. You are all mortal and immortal at the same time. Fear not. United we the people, the 99% of the earth can reclaim her as OUR home. And live with each other in peace. Since when is 99% afraid to take on 1%? Wakie, Wakie ! The Father of All has spoken. "If ye will be my children, I will be your God!" Pray for His help sisters and brothers for He alone can separate the wolves from the lambs.
    Love of money is the root of all evil. We don't love it, we need it. THEY love it for it is the chains of our slavery. If you cannot live without it as the world has gone for many thousands of years then it will be burnt out of the earth. Man can do this, or God's will be done.
  8. Why this is so funny............Because it's right on the money. No pun intended.
  9. Brilliant Brilliant Brilliant, the worlds financial situation summed up .  Keep voting for socialists and print $$$ to underpin the welfare programs which will eventully collapse.  BUY GOLD NOW
  10. LOL this was hilarious though.
  11. The U.S does not belong to China. The U.S has never borrowed directly from China. The U.S allows China to buy U.S bonds and the reason why China buys those bonds is so they can depress the value of their currency so they can continue shipping goods at a very low price, thus stimulating their economy. If we no longer allowed them to buy our bonds and paid them what we owed, their economy would collapse. Most of the debt the U.S Government has, is debt that is owned by, the U.S Government, as strange as that sounds. A lot of it is also owned by U.S Citizens through retirement, pensions, etc and some of it is owned by U.S Banks.
  12. They don't distinguish between government debt and private debt, the implication is that it's all government debt, but Spain's debt is 90% private. 

    The US Federal Government owes more than twice as much to the US Social Security Trust as it does to China. Whereas they make assertion here that the US "belongs to China".  What is this really about ????? 

    Facts:
    The largest foreign holder of U.S. debt is China, which owns about $1.2 trillion in bills, notes and bonds.
    The Social Security Trust Fund assets were $2,756 billion by the end of September 2013.
  13. OMFG I ALMOST DIED WITH LAUGHTER! thank you so very much!!! =P
  14. Not enough gold in the world. Gold is too concentrated in few hands. The trillions of transactions done in one week would surpass the gold in circulation.
  15. We work for something we dont fully understand. What is money? Where does its value come from? Who backs it up? How trustable are they?
  16. The eurozone is the only mayor place in the western world with current account surpluses. So the assumtion that "broke economies cant bail out other broke economies" is wrong.
  17. Please see Hilarious Music Video: "WORLD DEBT"
  18. CHECKOUT the 4min15 vid "A Simple Solution to the Debt Crisis," by Positive Money UK. Peace
  19. CHECKOUT the 2min52 vid "Why Do Banks Make So Much Money?" by Positive Money (it's VERY simple) Peace


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Duration: 3m 10s

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