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Causes & Effects of 2008 Financial Crisis|Explained For Beginners financial crisis

by myyachtguardian123



💡 Although it has been a decade since the 2008 financial crisis, people have not forgotten how fragile the international banking system really is. We cannot be totally sure, but this is probably one of the reasons that led to the creation of a decentralized digital currency like Bitcoin.

📚 Read our articles to learn more about the Economy.
The 2008 Financial Crisis Explained ▶️
Financial Risk Explained ▶️
How Does the Economy Work ▶️
What Is Money ▶️

⏱️ Timestamps
Past & Present 00:00
What Caused The Great Recession 00:33
Why Does it Matter Today 01:44
The Development of Bitcoin & Other Cryptocurrencies 02:59

👨🏻‍🎓 Binance Academy – Blockchain and Crypto Explained
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Causes & Effects of 2008 Financial Crisis|Explained For Beginners

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11 comments

Binance Academy 14/09/2021 - 4:34 Chiều

Do you think we're heading for another financial crisis?
How would the presence of cryptocurrencies influence the effect on the global economy?

Reply
Stevo Crypto 14/09/2021 - 4:34 Chiều

😀

Reply
Hong Tuan 14/09/2021 - 4:34 Chiều

– Binance Academy: "Could this kind of crisis happen again? – Yes"
– Corona Virus: "Compliment for you."

Reply
Lawrence Soriano 14/09/2021 - 4:34 Chiều

The Big Short brought me here, great video, learned a lot from it

Reply
cryptokahel nil 14/09/2021 - 4:34 Chiều

Thank you

Reply
XQuartz 14/09/2021 - 4:34 Chiều

Make Bitcoin Cash Great Again!

Reply
Yampier Gomez 14/09/2021 - 4:34 Chiều

Muy bueno. solo recomiendo colocar subtitulos en Español para que pueda tener mayor difumino. Gracias.

Reply
knightfox 08 14/09/2021 - 4:34 Chiều

1 like for the 1 fuck*ng dislike.

Reply
TFV-solar 14/09/2021 - 4:34 Chiều

Simple and true, thanks.

Reply
AKEWSD 14/09/2021 - 4:34 Chiều

They forget to address the actual problem, private banks letting loose on borrowing and letting greedy entrepreneurs charge whatever they like. Hyperinflation can happen without printing more money. 1 coin = $4000 and in 3 months 1 coin = $9000, that's hyperinflation. Hyperinflation is based on the demand perception, if 1 house = $200k and people think there is a short supply then 1 house = $400k or more.

What controls it is always emotion fear leads to panic which leads to hysteria. Current instability caused by one thing, dumb greedy president which caused by gullible voters which caused by media propaganda. The bubble in real estate is greed, the crash caused by unethical practices because greed.

Blockchain is a great innovation, crypto currency is no different from the coin in games. Value increase based on panic.

Reply
JT Mon3y 14/09/2021 - 4:34 Chiều

Great video guys!

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