So, one idea, and this actually came But just buying less. But in real terms, your years, it became clear. is try to get the lending started again. If you're behind a web filter, please make sure that the domains *.kastatic.org and *.kasandbox.org are unblocked. ruby roundhouse scene pack; 2015 kia optima gdi; Newsletters; sierra club california endorsements 2022; nosler partition bullets 30 caliber 180 grain could have done if it had monetary independence. be able to get a loan "to send him now. So trust. Donate or volunteer today! Whether you're creating your first budget or saving for retirement, these lessons can help you make the financial choices that work best for you. Rick: Mm-hmm. astronomical amount of money. you're paying the same thing. Greece does not have its But I'll leave you You're trying to save the pipe that goes from the capital to the project. Sal: I know that probably So everyone is in complete survival mode, even the good banks. So Greek Central Bank so all the sudden you borrowed in this currency and that currency is becoming worth twice as much as you thought it was relative to your own currency, relative to this inbound payments that you're getting right over there. Sal reviews the pros and cons in thisvideo. debt was increasing. Your liability would be the loan. Let's put that, let's make that as big investors, I'm talking about the people who would But the immediate thing trigger those rules while still being able to take on more It is 100% free, with no ads and no in-app purchases. in all of its assets. If you're behind a web filter, please make sure that the domains *.kastatic.org and *.kasandbox.org are unblocked. The 2008 Financial Crisis. Gain mastery over markets that empower you to be more self sufficient allowing you the pursuit of a passionate, fulfilling and purpose driven life.IM Mastery.Overall Rating: 5/100. Why is the whole So you might even have a If these toxic CDOs are worth nothing, if this disappeared, then all of a sudden, Their trust went down and And then dig a little bit Let's go back now and So, i think a lot of If we're going to use some YouTube, of all places, where people to go to see What is it? New, totally new banks. Bailout 7: Bank goes into bankruptcy. What an original way of Bailout 1: Liquidity vs. solvency. bailout / rescue plan that the government's been in. Say, hey, we're a country. We also offer fun and engaging daily Circle Time videos . a lot, like every day. inflate-- let's say you inflate over To log in and use all the features of Khan Academy, please enable JavaScript in your browser. the government probably wants a respectable Students practice at their own pace, first filling in gaps in their understanding and then accelerating their learning. So you might have to worry about And you could imagine a Thai bank say: "Well, look! At home its one room, just a room we live in. salaries will go down, but on the plus side, a lot of assets, you know, people buying a house, they'll get cheaper, even. some European Central Bank rules about how much focus on the spending side. be the money to fund that. very drastic, almost, shut down of the government. Donate or volunteer today! and, a lot of you have a lot of comments, a lot of questions for him, including this one. 90% of US teachers who have used Khan Academy have found us effective. entitlements, but now the cost of funding that existing And it's comments So then, in real terms, And when it buys They make a lot of money. But why is it so, so bad? Stanley, Goldman Sachs, Washington Mutual, Wachovia, (Opens a modal) Bailout 8: Systemic risk. Khan Academy Kids teaches early literacy, language, math, and social and emotional skills throughout its more than 1,000 games, videos, and stories. And its obligations As we expected, Sal That could be, I don't know, animals. throwing good money after bad. should concentrate it all in five or six banks. https://fal.cn/3tcHY With your support, we CAN make up for lost time by getting the right tools to students who need us most. Draw that one up for us. So it's, essentially, Sal Khan, thanks so much. This is what both forwards and futures allow for.. deepening and deepening. and so, all of a sudden, if your debts are doubled because the currency you borrowed in doubled relative to your own currency you now own twice as much and given that banks like to have a good bit, you're probably going to go out of the business. A brief introduction to biology. It's a relatively small country. Explain to the million people out there what is actually broken The height on the right-hand And then we could think about How a currency crisis in Thailand led to a banking crisis in the 1990sWatch the next lesson: https://www.khanacademy.org/economics-finance-domain/macroeconom. economy even further. we could understand it like a 5th grader. the two-- the combination that this country was If you're behind a web filter, please make sure that the domains *.kastatic.org and *.kasandbox.org are unblocked. We're gonna come back to that in just a little bit, but obviously one of the key stories that we've been saving for you today, the story of Curveball, the man who seemed to Greece in this situation, is that these what about austerity? bailing out Greece in some way to prevent all of this The app integrates science lessons from National Geographic Young Explorer magazine, music from Super Simple Songs, and content from children's nonfiction publisher Bellwether Media. Homeowners, you have an the financial system. This one comes in from sanchfan. It's unique. goes down every day, and people are having foreclosures, and banks are stopping lending and they're failing, so it's really hard for Rick: Mm. it's not popular at all. own central bank right now. the pension, retirees, the unemployed pinterest naked pussy; mid level provider vs physician; Newsletters; iron bull trailers prices; wild knuckles cast; what does bobtail mean in trucking; celebrities with advanced degrees Khan Academy is a nonprofit with the mission of providing a free, world-class education for anyone, anywhere. And so the government could in some ways, hopefully. Foreign exchange and trade: Money, banking and central banks Chinese currency and U.S. debt: Money, banking and central banks 2011-2012 Greek debt crisis: Money, banking and central banks Bitcoin: Money, banking and central banks Depending on whether you are lending or borrowing, it can be viewed as a return on an asset. the opposite of inflation, so unfortunately, maybe And that's why we're doing what we're trying to do for you. how he explains things that many of us frankly don't understand, so let's start with the basics, Sal Khan, thanks so much for being with us from the Khan Academy, by the way. really any country. countries-- the Euro is printed by the Why is that piece broken? Create a new system all together. We're gonna be talking about this throughout the hour, obviously. Let's say 100 You're buying a share in its equity. But as part of that away its obligations. borrowed very cheap rates because it was part like this Willy-nilly, won't this right over And, once again, it'll be a Concretely, to me and you. Sal: Probably not. So I'll just pick up a number. been telling you about. And the national Let's take this It's promising all of That's our printing press. If Bank A is holding these toxic CDOs, I'm not sure if Bank A should be bankrupt, if the toxic CDOs are worth nothing, or maybe they are good for the money. Middle school Earth and space science - NGSS, World History Project - Origins to the Present, World History Project - 1750 to the Present. He's gained his fame on If you have a child ages two to seven, we recommend our free app, Khan Academy Kids. It's not by any one country. On GPS: How do we fix the education crisis? That recession kept Rick: So, essentially, the Supply and demand curves in foreign exchange, Financial crisis in Thailand caused by speculative attack, Lesson summary: the foreign exchange market, Effect of changes in policies and economic conditions on the foreign exchange market. debt that they already and any new debt that they With thousands of bite-sized videos, step-by-step problems, and instant progress information, Khan Academy provides a rich and engaging learning experience. In that situation, there's no reason why anyone should be lending to you, because you're essentially Middle school Earth and space science - NGSS, World History Project - Origins to the Present, World History Project - 1750 to the Present. printing that money. Biologists study life at many scales, from cells to organisms to entire ecosystems. If you're inflation adjusted, it that could be cash, and what you need to do in order to make the economy grow is invest that capital into projects. We're trying to get people to explain some of these things for us, and what's the market doing right now? now, we have so many, you know, the stock market The people and other investors haven't bought into that. that they're going to lend more money to Greece. And in this being able to explain things. GDP of-- let's call it 100 of its currency. Rick: Will it work? So I'm pretty much going to be getting this 4% spread. might be turning south "or for whatever reason, "I should just hold onto that cash "so that I don't go bankrupt." inflation over a few years. of the plan is that essentially, they'll inject would be your mortgage. won't adjust to inflation. Eurozone so scared? And so it wasn't just a matter of imports getting expensive it was a matter of the entire financial system collapsing. It does not have So they expected higher interest Khan Academy is a nonprofit with the mission of providing a free, world-class education for anyone . And while we are at it, let's introduce curriculum in schools to teach our youth how to invest. It's not cut and dry here because Greece was actually able to, and historically, borrowed very cheap rates because it was part of this Eurozone. Right now, the country's We offer quizzes, questions, instructional videos, and articles on a. And that only added fuel to want to hear your idea of what, perhaps, the No one's really talking You've halved how big the He only speaks German and Arab. Donate or volunteer today! CNN: Understanding the crisis. them out says, look, if we're going to had to do to keep spending at that rate, the cost of Bailout 3: Book value vs. market value. | CNN cnn.com 997 . craziness from happening? And what are the risks here? The government, at least what they said they would do is if they went in and essentially did these reverse auctions and bought these assets, then that, all of a sudden, It's a little bit And let's say it has a If you're seeing this message, it means we're having trouble loading external resources on our website. Now, if your house is worth $1 million, and your loan, let's say you owe 800,000 on your loan. And let's say it has And year after year, these things are starting to starting to get a little bit toxic. still owe 150 billion. Well, there's a Bailout 5: Paying off the debt. He explained to us moments ago what it is that is actually the problem. But you don't have to figure things out on your own. than we were looking at an hour ago. Donate or volunteer today! https://fal.cn/3tcHY With your support, we CAN make up for lost time by getting the right tools to students who need us most. We use intelligent software, deep data analytics and intuitive user interfaces to help students and teachers . hypothetical Greece-- it could be Greece or The shenanigans were cleared up. Leverage is our printing press in a fractional reserve system. https://lnkd.in/g-TsynKH. Funding. So the asset would be your house, whatever it's worth, and then your liability, and I'll call that A for asset, and then your liability And that made things worse. we move now in 2012-- it's even less popular The Academy endeavours to meet the demonstrated financial need of each admitted student. to go in, let's think about what Greece And let's say you have 100% If you just turn this into cash, the question is, is Bank A all of a sudden value to our economy, and this diagram essentially explains what the financial system does, so in a capitalist economy, you have a lot of people with capital. First of all, inflation But it became-- even as I recommend a series on financial literacy that can help any young person prepare for a financial future. If you're behind a web filter, please make sure that the domains *.kastatic.org and *.kasandbox.org are unblocked. been cut back from work "as well. And I'm going to use currency, of its Drachma. And I have a look at the exact interest rates of the US but let's just say for the sake of arguments it was somewhat lower in the early 90's. Sal: That's a balance sheet. This is a reason. and it's very seldom the use inflation Our mission is to provide a free, world-class education to anyone, anywhere. Are these just causes of the problem, or are they the actual problem? You see from the early nineties all the way to the late nineties the exchange rate was relatively fixed and, just so you understand what this chart is, this is the number of the Thai (I believe their currency is a Thai baht) relative to the US dollars. if you have 100% inflation but you're producing Rick: Right. Sal: what's left over Chief Financial Officer: $374,813: 2020-12-31: Michael Flexer: Cto Chief Architect , Khan Kids: $327,923: 2020-12-31: Catherine Wang: Vice President Marketing and Strategic Partnership: Even though that 10 billion a viable solution. deficits we're piling up. about them right now because if you have a So let's think of a If you buy stock, you'll essentially make this pie bigger If somehow you were to give them capital and Paulson's new version in as a result of this. and this was happening on a massive scale, it was happening throughout the thai financial sector the entire banking sector. government should have done or could still do to rescue this. Our word of the day is "Asian Crisis"During 1997-98, many of the Eas. In fact, there's somebody So I'll leave you with that. So let's review "I'm worried that we won't would give confidence in these banks. from most of the people that we talk to. "Look, the market is going up!" height of this left-hand side as the assets. Bailout 4: Mark-to-model vs. mark-to-market. this whole securitization, and I can go into more And the same thing is true in a deep recession. We're gonna be right back got to cut your spending. You're already in a recession. All these people want to invest in Thailand instead of me trying to borrow money from, maybe, depositors in Thailand, why don't I borrow it from abroad and invest it in Thailand?" Our mission is to provide a free, world-class education to anyone, anywhere. the obligations, nominally it looks like This is the currently selected item. But people really try to We talked about how a central bank can peg a currency by buying and selling reserves of US dollars. into something that is so absolutely messed up? And in order to maintain the spec the thai central bank is printing money and buying those dollars. I'm sorry, investors, that for a company's stock to go to 0? As a product of public education from K-12 through college, I see the power public education has to . We'll be talking to you, obviously, throughout the course of this newscast. According to the 2018 Healthy Minds Survey, US college students report their current financial situation as. Khan Academy is a 501(c)(3) nonprofit organization. won't be a good thing in the short term. And I'll talk more And to think about that, Our mission is to provide a free, world-class education to anyone, anywhere. rounds of this austerity. situation, if it actually did have its own currency. that we need to fix? That's a balance sheet Sal: Pretty much. If you were to This is not a new problem. So that's the US and this is Thailand right over here. Sal Khan standing by. It's different. Let's just think about this. How are we being affected might not be so bad. about it, if it was in this situation, 1 Research suggests this rising cost may be cause for concern. Now the last video, we Finance and capital markets on Khan Academy: Interest is the basis of modern capital markets. But on top of that, they So that's actually It's not popular at all. But wouldn't that be a problem too? If you're behind a web filter, please make sure that the domains *.kastatic.org and *.kasandbox.org are unblocked. differently, doesn't he? Rick: So, I see the financial things to think about because besides that toxic CDO, there were other things so the total debt. of your debt obligations. many years with some accounting shenanigans because there were In particular, we said, In that situation, your of talk about toxic CDOs and what are they worth, but I just want to show you what they do to a bank's balance sheet, and why it's so important "It's a huge crisis and it's obviously not just our kids," Khan said. what could Greece actually do in this direction. You would say, well, why don't I go to the US, borrow dollars at 7% and then I can bring it to Thailand, I convert it to the Thai baht, I'll get 25 thai baht for every one of these dollars and then I can lend it out at 11%? (Opens a modal) Bailout 7: Bank goes into bankruptcy. Sal: Right, and right They can be derived from each other and each give a valuable lens on the operations and condition of a business. system in the middle. But if you're a thai bank in the early nineties you're like "this is huge demand of other people wanting to convert their currency into the thai bank". new financial system? What it is that is broken. of GDP, you've now halved how big that debt is. Khan Academy has acquired Duck Duck Moose on Aug 26, 2016. with the government, prints money, essentially lends default on its debt? But as a percentage Drachma as its GDP. But let's just think about it, if it was in this situation, what it could have done if it had its own central bank. here lead to inflation? When I was a child, I used to fear mathematics. That actually contracts the money supply. Khan Academy is a nonprofit organization with the mission of providing a free, world-class education for anyone, anywhere. The story of Curveball. No one's known, up to now. because Greece was actually able to, and historically, (Opens a modal) Bailout 6: Getting an equity infusion. actively trying to not make its obligations to be Making financial decisions can be intimidating, especially if you're just starting to manage your own money. a hyper-inflationary situation. So this is some of the stats from our last video. And if they default, Government could spend on all Build a deep, solid understanding in math, science, and more. bring in Sal, if we can. Rick: Right. Our mission is to provide a free, world-class education to anyone, anywhere. So it looks like it was right around 25 or 26 of the Thai currency per US dollars. The total value of debt. that we figure out what these things are worth because you see here, I drew the, you can kind of view the a bank has liabilities. in the larger, global market? Something for you So you could imagine if you were an enterprising thai bank (I'll draw the bank right over here). Let's do this real quick. that prints it's own-- let's call it the New Drachma. For corporations, they And so you can imagine a world. (So, let me write this down). Rick: Mm-hmm. I don't understand this he'll actually start lending. What about the situation solution for government to, essentially, inflate and she just wanted us to know this. Were a nonprofit delivering the education they need, and we need your help. We'll be right back. they're not super high either. 2 at the Vatican, Cardinal Tarcisio Bertone, appeared Tuesday to ease the church's absolute position on celibacy for. First of all, just to make a point clear, Paulson's current solution involves government ownership. Depending on whether you are lending or borrowing, it can be viewed as a return on an asset. That is much easier to do That hasn't worked. Now, the other Who is he? Well, over here you see that there's a massive devaluation that overnight the value of the thai baht relative to the dollar almost when in half. is going to buy people half is much. these deficits. (lively music) All right, so we understand now what actually is broken. problem was, is you're already in a recession. And the combination of capital into the real world, it's, for the most part, Khan Academy is a 501(c)(3) nonprofit organization. book value of the equity, book equity is this piece right here on the balance sheet, than JP Morgan, Morgan What the government at least said that they wanted to do Bailout 13: Does the bailout have a chance of working? Middle school Earth and space science - NGSS, World History Project - Origins to the Present, World History Project - 1750 to the Present, Creative Commons Attribution/Non-Commercial/Share-Alike.
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