This video was made possible by our Patreon community! ❤️
See new videos early, participate in exclusive Q&As, and more!
➡️   / economicsexplained  

▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀

The 2008 Global Financial crisis was kicked off by major structural issues in the global banking system and exacerbated by record levels of household debt.

Today the world is on the brink of yet another major financial downturn, and yet again household debts are at record levels.

So is banking really to blame?

⭐️ Be sure to check out BC's incredible documentary about John Pierpont Morgan if you're interested in learning more about the origins of the U.S. banking system!

👉    • J.P. Morgan Documentary: How One Man ...  

#MoneyPrinter #QuantatiativeEasing #Economics

▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀

Enjoyed the video? Comment below! 💬
⭑ Subscribe to Economics Explained 👉 https://bit.ly/sub2ee
⭑ Enjoyed? Hit the like button! 👍

Q&A Streams on EEII (2nd channel) →    / @economicsisepic  

✉️ Business Enquiries → [email protected]

Follow EE on social media:
Twitter 🐦 →   / economicsex  
Facebook →   / economicsex  
Instagram →   / economicsexplainedoffical  
▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀

EE Fan Exclusive Offer:

Sign-up for Acorns! 👉 https://www.acorns.com/ee (after registration, Acorns will deposit $5 in your account to help you get started with investing!)

▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀

ECONOMICS EXPLAINED IS MADE POSSIBLE BY OUR PATREON COMMUNITY 👊🙏
Support EE by becoming a Patron today! 👉   / economicsexplained  

The video you’re watching right now would not exist without the monthly support provided by our generous Patrons:

Morgon Goranson, Andy Potanin, Wicked Pilates, Tadeáš Ursíny, Logan, Angus Clydesdale, Michael G Harding, Hamad AL-Thani, Conrad Reuter, Tom Szuszai, Ryan Katz, Jack Doe, Igor Bazarny, Ronnie Henriksen, Irsal Mashhor, LT Marshall, Zara Armani, Bharath Chandra Sudheer, Dalton Flanagan, Andrew Harrison, Hispanidad, Michael Tan, Michael A. Dunn, Alex Gogan, Mariana Velasque, Bejomi, Sugga Daddy, Matthew Collinge, Kamar, Kekomod, Edward Flores, Brent Bohlken, Bobby Trusardi, Bryan Alvarez, EmptyMachine, Snuggle Boo Boo ThD, Christmas