Teaching videos ECONOMICS.

Damocles · March 25th, 2009, 06:49 PM

If you've noticed, the "topic" Just For the Heck of It which startted as a video gag of the day, became a physics course so that we of Colonial Fleets can see the Science our Colonial heroes use.

This is REAL and to the POINT. Its economics. We are in desperate trouble. Most of us (that is me, folks) don't understand what is going on in the economy. As I learn, I invite you to follow me, as I post the lessons I take to try and make sense of the chaos that we find ourselves in.

Lessons begin in the next post.

Damocles

Damocles · March 25th, 2009, 07:10 PM

Banks.

Damocles · March 25th, 2009, 07:11 PM

Damocles · March 25th, 2009, 07:14 PM

Important, how does money grow?

Damocles · March 25th, 2009, 07:16 PM

Money supply.

Damocles · March 25th, 2009, 07:21 PM

He calls it a banknote. It is the DOLLAR, the value "one" of a class of currency exchange units, that includes stocks, bonds, units of pure barter, commodity exchange units etc.

The DOLLAR is the base unit value we assign to the value of ANY of these currency exchange units.

Damocles · March 25th, 2009, 09:18 PM

Damocles · March 25th, 2009, 09:19 PM

Damocles · March 25th, 2009, 09:21 PM

Damocles · March 25th, 2009, 09:22 PM

Here is how we started getting into trouble. LEVERAGE.

Damocles · March 25th, 2009, 10:20 PM

Banking systems and tiering. How you bank for a bank.

Damocles · March 25th, 2009, 10:23 PM

Oh, oh, here comes the government to regulate the money supply. How money eventually devalues and inflates.

Damocles · March 25th, 2009, 10:27 PM

Rubber bands and money.

Damocles · March 25th, 2009, 10:30 PM

We are getting into how the US Federal Reserve Banking System works

Damocles · March 25th, 2009, 10:41 PM

Damocles · March 25th, 2009, 11:05 PM

Why interest is used instead of money itself for the amount of commerce encouraged].

Damocles · March 25th, 2009, 11:08 PM

Why did we abandon the gold standard and trust paper?

Damocles · March 25th, 2009, 11:10 PM

Overview of previously covered topics.

Damocles · March 25th, 2009, 11:18 PM

Now we discuss the Fed, itself, as it tries to manage banking system.

Damocles · March 25th, 2009, 11:22 PM

Collateralized loans: repossession of wealth. Credit cards and loan sharking legally.

Damocles · March 25th, 2009, 11:31 PM

This is the balance sheet for the United States. That should terrify you.

Notice how thin the reserve that underpins us is?

Damocles · March 25th, 2009, 11:41 PM

With that under your belt now we will see what Geithner is up to.

Damocles · March 25th, 2009, 11:46 PM

Swapping toxic paper as collateral among yourselves or why its exactly like rearranging chairs on the Titanic and why Geithner should be FIRED.

Damocles · March 26th, 2009, 07:08 PM

Resuming our economics lessons. This is about our current financial crisis. I will not comment much.

I have this also listed separately as a topic so that you don't have to plow through the whole thread to get to the heart of it, if you want just this portion of the crisis to study.

Damocles · March 26th, 2009, 07:12 PM

Damocles · March 26th, 2009, 07:16 PM

Damocles · March 26th, 2009, 07:20 PM

Damocles · March 26th, 2009, 07:23 PM

Damocles · March 26th, 2009, 07:25 PM

Damocles · March 26th, 2009, 07:27 PM