An Argentine opinion on the Global Financial Crisis, describing the whole Global Financial System as one vast Ponzi Scheme. Like a pyramid, it has four sides and is a predictable model. The four sides are: (1) Artificially control the supply of public State-issued Currency, (2) Artificially impose Banking Money as the primary source of funding in the economy, (3) Promote doing everything by Debt and (4) Erect complex channels that allow privatizing profits when the Model is in expansion mode and socialize losses when the model goes into contraction mode.
Duration : 0:9:48
Niall Ferguson, Harvard professor, discusses the history — and future — of finance with Harvard Business Review editor-in-chief Adi Ignatius.
Having difficulty understanding the 2008 US Financial Crisis? Here’s a short animated video that explains – visually!