Economic Principles 201

Every public company in America uses ‘Generally Accepting Accounting Principles’ except the US government. As a result, the way the government does its accounting, investments are counted as spending.

Surprisingly, debt predates money.

Credit default swaps, CDO’s, derivatives…everything you need to know about the 2008 financial crisis can be found by watching this.

Just eight men own the same amount of wealth as half the world. And the richest 1% accumulated 82% of the wealth created last year while the poorest half of humanity got nothing.

In terms of wealth inequality in America our perception and reality is severely out of touch.

And why do we see our homes as investments rather than a place to live?

Finally, why trickle down economics 50 year experiment hasn’t worked for the middle class.

“If the bank runs out of money, it may issue as much money of its own as it may need by merely writing on any ordinary piece of paper.”

— The rules of Monopoly, Parker Brothers, Inc.