Monday, May 24, 2010

Money as Debt



You may be familiar with the sayings "Money makes the world go around" and "Money is the root of all evil". Whether we agree or disagree with these sentiments, can you be sure that you actually understand what money is? You may scoff at this seemingly elementary question, and say, of course, "İ know what money is. Don't be ridiculous. Money is the paper/plastic in my wallet/bank account that İ exchange for things İ want/need."Most of us take that common answer and are satisfied so we investigate no further. İ submit to you that the deeper truth is nothing like that superficial response İ urge you to take the red pill and watch this video: Money as Debt. This video will also be great practice and its illustrations allow you to follow along.

Sunday, May 2, 2010

The Credit Crisis Explained



İ have found an excellent video on YouTube,The Crisis of Credit, which explains the roots of our current global economic crisis. İts approach successfully uses animation to explain the economic mess we are in. This is another example of what a great resource the internet can be. İt is quite short and will be a good listening practice exercise, so take a look at it.