This video goes into the history of how banks got to be the way they are. How credit works, how savings accounts work, and how the fiat economy works (well, works or doesn’t work — how it operates).
This video goes into the history of how banks got to be the way they are. How credit works, how savings accounts work, and how the fiat economy works (well, works or doesn’t work — how it operates).
For anyone that has not seen it, this is the simplest explaintion of the mortgage melt down.
http://www.businesspundit.com/sub-prime/