How to get Screwed

Or How the Economic Machine Works

In my travels and meetings with people all over the world, I have got the distinct impression that almost no one really gets how the Modern Economy works. Like what’s the relationship between Central Banks, Treasuries, Commercial Banks, Businesses and Consumers. Plus the difference between Credit and Money.

Well the following video does a really good job of it. It doesn’t require too much brain power and will really upgrade your thinking in the area. Which means you can make sense of what’s going on in the world, tell when politicians are simply lying to you and/or finally make some better decisions.

Now, don’t get me wrong, I think there are many flaws in the system. There is much shady works going on and I am saying nothing about the ethics of the machine either. There is a wealth of information about that and possible solutions. That’s for another time.

This video gives the high level mechanics of how the economy works at the moment. So I say give it a go and let me know what you think.

Adios Amigos!