Ok, watching this video, this is a lot of information.
How the video related to college students: Debt
Basically everyone is borrowing money and then lending it back. Banks use our money to lend out to others and when they get paid back we ge paid back?
Definitely confused and not interested in this video
Does wealth exist?
Without debts there's be no money? That's interesting...a little.
All debts paid off leave no money at all? Isn't that what I just said as my 3rd comment?
People pay interest from general money supply
The animation in this video is amazing (more detail to come after editing)
So basically the more debt unpaid, the more interest, so then we have more money owed than created.
Yea I'm gonna have to watch the video again because some concepts i can't quite grasp still. Then I'll make a more informative blog post. I feel like I'm looking a tad bit ignorant.
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