This video clip explains how bank loans can be used to both create and destroy wealth.

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2 Responses to “Crisis Chanel – Wealth Creation and Wealth Destruction”

1. trevorcharlesmorgan on April 2nd, 2010 5:14 pm

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   Hi Jmelkis, thank you for your comment, I agree its all a bit crazy, well lets wait and see what the next turn of events will be.

2. jmelkis on April 4th, 2010 2:51 am

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   Yeah, actually when I was watching this, a little more than half way through I was thinking about the whole Cash for Clunkers program. You are totally right. It’s a program that is totally based on debt. It takes perfectly good vehicles that people like myself would be glad to have and destroys them. It uses funds that are borrowed to pay the person buying the new car, thus impoverishing the nation, and it encourages more debt because most people borrow to buy new cars. Such lunacy!