European debt crisis explained in 3 minutes
John Clarke and Bryan Dawe calculate the cost of the European debt crisis. It may seem hilarious but this is exactly what's transpiring. Without all the financial jargon used to confuse, any layman can understand what is happening in today's global bailout / ponzi economy.
How can broke economies lend money to other broke economies who haven't got any money because they can't pay back the money the other broke economies lent to them and various other broke economies??? Bottom line: none of this money should have been lent in the first place, because no one can pay pay it back, but that's OK we shall fix it by throwing more unpayable money at the problem... yea, that makes sense - right?