How does money work? - and why do we have our crysis?

Hallo everybody,

why do we have our crysis? -

Or, let me ask: Do we really have one or are we just creating a self-fulfilling prophecy?

Well, that's coming soon. Here, at first, I would like to offer a link I just stumbled upon which is giving a first and easy to understand idea on how money works at all.

It is the diploma thesis of a German student, made as a 3 part video and its two years old (which doesn't mean it isn't actual anymore). Anyways, the explanation is great and you should take the 15 minutes.

Sorry, but it is in German, I haven't yet found something similiar easy in English - but you are welcome to post a link here :)

Part 1 of "Wie funktioniert Geld": http://www.youtube.com/watch?v=9BrLrwbkQWQ
Part 2 of "Wie funktioniert Geld": http://www.youtube.com/watch?v=aK2yZlHk4cA
Part 3 of "Wie funktioniert Geld": http://www.youtube.com/watch?v=0VOtdQrCoyk

Well, let me know how you feel about this :) In some days I am going to write down my personal thoughts about the 'crysis' we are in.

Have a great week,


1 comment:

Beatrice said...

Those clips are excellent, now I understand where money comes from and where it goes :)

Unfortunately I don´t know a lot about money, capital markets and all that stuff, but I think that all these crises (in the past and in the future) are and will be self made, because of the greed of a few people :(