*requeue

Re-queueing this video for one more try; last queued Wednesday, December 5th, 2007 5:45pm PST - requeue requested by submitter qruel.

hence why all banks are FDIC insured.

Edit: Most banks, I wouldn't invest in one that wasn't.

^one would need to watch further to see why even an FDIC insured bank is not safe and how this system is like house of cards ready to fall under its own weight

The entire world economy works on the principal of debt. And the only reason it doesn't completely collapse is because people are constantly consuming. If everyone were to suddenly stop buying, or selling anything things would collapse. But everyone, even governments, work on borrowed credit.

Heck Donald Trump is in debt up to the hundreds of millions. If everyone made a run on him he'd be broke, but he lives like a multi-millionaire because no one does.

This isn't like some startling revelation it's economics 101.

*long

Invocations (long) cannot be called by Thylan because Thylan is not privileged - sorry.

this video points out that the way the system is setup is not sustainable. For every $1,000 a bank has insured $100,000 of debt is created.

This is actually a dup.

http://www.videosift.com/video/What-is-money

*discard

Discarding this post - discard requested by original submitter qruel.