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Three Types of Economic Resources: Factors of Production
 
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This video introduces the three types of economic resources including: natural, human and capital resources. Enjoy learning about these three factors of production.
Views: 68990 Alex Lamon
The Circular Flow Model of a Market Economy
 
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By this point in your course you may have learned the definition of a market: A place where buyers and sellers meet to engage in mutually beneficial exchanges. But what is a market economy? Two basic types of markets exist in any market economy: resource markets and product markets. The exchanges that take place in these markets benefit both the households and the firms that engage in exchanges. This lesson will introduce the circular flow of money, resources and goods and services in a market economy. We will examine how resources flow from households to firms, and goods and services from firms to households. We will also seek to explain why individuals are willing to engage in the exchanges that characterize the market system. Want to learn more about economics, or just be ready for an upcoming quiz, test or end of year exam? Jason Welker is available for tutoring, IB internal assessment and extended essay support, and other services to support economics students and teachers. Learn more here! http://econclassroom.com/?page_id=5870
Views: 318995 Jason Welker
Intro to Economics: Crash Course Econ #1
 
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In which Jacob Clifford and Adriene Hill launch a brand new Crash Course on Economics! So, what is economics? Good question. It's not necessarily about money, or stock markets, or trade. It's about people and choices. What, you may ask, does that mean. We'll show you. Let's get started! Crash Course is now on Patreon! You can support us directly by signing up at http://www.patreon.com/crashcourse Thanks to the following Patrons for their generous monthly contributions that help keep Crash Course free for everyone forever: Mark Brouwer, Jan Schmid, Anna-Ester Volozh, Robert Kunz, Jason A Saslow, Christian Ludvigsen, Chris Peters, Brad Wardell, Beatrice Jin, Roger C. Rocha, Eric Knight, Jessica Simmons, Jeffrey Thompson, Elliot Beter, Today I Found Out, James Craver, Ian Dundore, Jessica Wode, SR Foxley, Sandra Aft, Jacob Ash, Steve Marshall TO: My Students FROM: Mrs. Culp Culpzilla's students are amazing! You guys rock! TO: Everyone FROM: Pankaj DFTBA and keep being the exception like the Mongols. Thank you so much to all of our awesome supporters for their contributions to help make Crash Course possible and freely available for everyone forever: Summer Naugle, Minnow, Ilkka Hemmilä, Kaitlyn Celeste, Lee Toran, Sarty, Damian Shaw, Nathaniel "The Skipper" Cruz Chavez, Maura Doyle, Chris, Sander Mutsaers Want to find Crash Course elsewhere on the internet? Facebook - http://www.facebook.com/YouTubeCrashCourse Twitter - http://www.twitter.com/TheCrashCourse Tumblr - http://thecrashcourse.tumblr.com Support Crash Course on Patreon: http://patreon.com/crashcourse CC Kids: http://www.youtube.com/crashcoursekids
Views: 3445367 CrashCourse
Income and Wealth Inequality: Crash Course Economics #17
 
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Inequality is a big, big subject. There's racial inequality, gender inequality, and lots and lots of other kinds of inequality. This is Econ, so we're going to talk about wealth inequality and income inequality. There's no question that economic inequality is real. But there is disagreement as to whether income inequality is a problem, and what can or should be done about it. *** Crash Course is on Patreon! You can support us directly by signing up at http://www.patreon.com/crashcourse Thanks to the following Patrons for their generous monthly contributions that help keep Crash Course free for everyone forever: Mark, Eric Kitchen, Jessica Wode, Jeffrey Thompson, Steve Marshall, Moritz Schmidt, Robert Kunz, Tim Curwick, Jason A Saslow, SR Foxley, Elliot Beter, Jacob Ash, Christian, Jan Schmid, Jirat, Christy Huddleston, Daniel Baulig, Chris Peters, Anna-Ester Volozh, Ian Dundore, Caleb Weeks -- Want to find Crash Course elsewhere on the internet? Facebook - http://www.facebook.com/YouTubeCrashCourse Twitter - http://www.twitter.com/TheCrashCourse Tumblr - http://thecrashcourse.tumblr.com Support Crash Course on Patreon: http://patreon.com/crashcourse CC Kids: http://www.youtube.com/crashcoursekids
Views: 856766 CrashCourse
15 Business Books Everyone Should Read
 
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15 Business Books Everyone Should Read | SUBSCRIBE to ALUX: https://www.youtube.com/channel/UCNjPtOCvMrKY5eLwr_-7eUg?sub_confirmation=1 Free Audio Book: https://www.alux.com/freebook Get Rich Playlist: https://www.youtube.com/watch?v=nllZrOoxpzc&index=1&list=PLP35LyTOQVIsxb5Mf-Pr1xHJMZPtdIX8q Business Books Mentioned in this video: 1.Napoleon Hill: Think and Grow Rich - http://amzn.to/2zr0Hck 2. The Secret - http://amzn.to/2Bn8xVA 3. Rich Dad Poor Dad by Robert T. Kiyosaki - http://amzn.to/2hVXSIR 4. The Intelligent Investor by Benjamin Graham - http://amzn.to/2Bml23D 5. Money Master The Game by Tony Robbins - http://amzn.to/2A9ll4k 6. The 4 Hour Work Week by Tim Ferris - http://amzn.to/2iQBSjE 7. The Millionaire Fastlane by MJ DeMarco - http://amzn.to/2k2EluD 8. The Power of Habit by Charles Duhigg - http://amzn.to/2zsdKKx 9. Atlas Shrugged by Ayn Rand - http://amzn.to/2iQCplE 10. How to Win Friends & Influence People by Dale Carnegie - http://amzn.to/2zp5Xx4 Bonus: How to Win Friends in the Digital Age by Dale Carnegie - http://amzn.to/2A9ZrxO 11. The $100 Start-Up by Chris Guillebeau - http://amzn.to/2zpymDa 12. The Monk Who Sold His Ferrari by Robin Sharma - http://amzn.to/2hQnVkW 13. E-Myth Revisited: Why Most Small Businesses Don't Work and What to Do About It - http://amzn.to/2hQokUu 14. The 10X Rule: The Only Difference Between Success and Failure by Grant Cardone - http://amzn.to/2zDNCQX 15. Zero to One by Peter Thiel - http://amzn.to/2iTWHee In this Alux.com video we'll try to answer the following questions: What are the best business books in the world? Which books should I read? What are the best entrepreneurship books? Which books should i read if I want to be successful? How to start a business books? What are the best book about making money? What are the best self-help books? Which business book should I buy? What are some of the best business books? What are the best, most practical business books to help me in life and business? What are the top 10 best business books? What are the best business strategy books? What are the best books to learn about business? What are the best business books for the beginners? What books should I read before I start a small business? Which books are 'must read' for start up tech entrepreneurs? What books should I read as an aspiring entrepreneur? What books have helped you as an entrepreneur? WATCH MORE VIDEOS ON ALUX.COM! Most Expensive Things: https://www.youtube.com/watch?v=Ay0u3dJRZas&list=PLP35LyTOQVIu4tNnitmhUqIjySwUhfOyl Luxury Cars: https://www.youtube.com/watch?v=m5GhenZZs1k&index=1&list=PLP35LyTOQVItrVHGzdB9KY-Sbjq4gU-Ym Becoming a Billionaire: https://www.youtube.com/watch?v=Skwfwf2SNpw&index=6&list=PLP35LyTOQVIsO8kOTx8-YOgwkGvrPtJ3M World's Richest: https://www.youtube.com/watch?v=rAy_G-1JF74&index=1&list=PLP35LyTOQVIvthSKr0S3JdjWw3qA9foBa Inspiring People: https://www.youtube.com/watch?v=lMjO3Gg45pM&list=PLP35LyTOQVItaKCX5o3yaje6_H9D-GuEM Travel the World: https://www.youtube.com/watch?v=-Blsz2JbdgM&t=2s&index=23&list=PLP35LyTOQVIt823Sy_C3-166RLzONbw6W Dark Luxury: https://www.youtube.com/watch?v=ch7JWVk8Ldk&index=6&list=PLP35LyTOQVIvQU6lzpW5_lryMmdB6zncU Celebrity Videos: https://www.youtube.com/watch?v=UuhPRVdDli0&list=PLP35LyTOQVIuJuINlyvSU2VvP6pk9zjUk Businesses & Brands: https://www.youtube.com/watch?v=Xr2YdBz2uWk&list=PLP35LyTOQVIv0fNwEgqmkrDd9d9Nkl7dz - Follow us on INSTAGRAM for amazing visual inspiration: https://www.instagram.com/alux/ & Don't miss the latest Luxury News only on Facebook: https://www.facebook.com/ealuxe --- Alux.com is the largest community of luxury & fine living enthusiasts in the world. We are the #1 online resource for ranking the most expensive things in the world and frequently refferenced in publications such as Forbes, USAToday, Wikipedia and many more, as the GO-TO destination for luxury content! Our website: https://www.alux.com is the largest social network for people who are passionate about LUXURY! Join today! SUBSCRIBE so you never miss another video: https://goo.gl/KPRQT8 -- To see how rich is your favorite celebrity go to: https://www.alux.com/networth/ -- For businesses inquiries we're available at: https://www.alux.com/contact/
Views: 1062544 Alux.com
Top 10 Economic Games
 
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Tom is joined by Jason and Richard Ham (Rahdo) to discuss their favorite economic games. Buy great games at http://www.coolstuffinc.com Find more reviews and videos at http://www.dicetower.com
Views: 102217 The Dice Tower
Economic Systems and Macroeconomics: Crash Course Economics #3
 
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In which Jacob Clifford and Adriene Hill teach you about Economic Systems and Macroeconomics. So, economics is basically about choices. We'll look at some of the broadest economic choices when we talk about the difference between planned economies and market economies. We'll get into communism, socialism, command economies, and capitalism. We'll look at how countries choose the kind of system they're going to use (spoiler alert: many end up with mixed economies). We'll also look into how individuals make economic choices. Crash Course is now on Patreon! You can support us directly by signing up at http://www.patreon.com/crashcourse Thanks to the following Patrons for their generous monthly contributions that help keep Crash Course free for everyone forever: Mark Brouwer, Jan Schmid, Anna-Ester Volozh, Robert Kunz, Jason A Saslow, Christian Ludvigsen, Chris Peters, Brad Wardell, Beatrice Jin, Roger C. Rocha, Eric Knight, Jessica Simmons, Jeffrey Thompson, Elliot Beter, Today I Found Out, James Craver, Ian Dundore, Jessica Wode, SR Foxley, Sandra Aft, Jacob Ash, Steve Marshall TO: Everyone FROM: Martin To gild refined gold is just silly. TO: Dana FROM: Cameron Still holding out. We're going to make it! Thank you so much to all of our awesome supporters for their contributions to help make Crash Course possible and freely available for everyone forever: Raymond Cason, Marcel Pogorzelski, Cowgirlgem, Chua Chen Wei, Catherine Emond, Victoria Uney, Robin Uney, Damian Shaw, Sverre Rabbelier Want to find Crash Course elsewhere on the internet? Facebook - http://www.facebook.com/YouTubeCrashCourse Twitter - http://www.twitter.com/TheCrashCourse Tumblr - http://thecrashcourse.tumblr.com Support Crash Course on Patreon: http://patreon.com/crashcourse CC Kids: http://www.youtube.com/crashcoursekids
Views: 1557497 CrashCourse
Money & Debt: Crash Course World History 202
 
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In which John Green teaches about filthy, filthy lucre. Money. And Debt. So, what is money? And what is it for? And why do we use money? And why does it all disappear so quickly after payday? John will look into 75% of these questions, and if he doesn't come up with answers, we'll get into some interesting ideas along the way, at least. This week we'll investigate whether money displaces barter, then leads to war, slavery, and what we think of as civilized social orders. We'll also see what old Adam Smith thinks of big money, no whammies, this week on Crash Course. We'll also talk quite a bit about Debt: The First 5000 Years by David Graeber. You can buy that book here: http://dft.ba/-debt5000 You can directly support Crash Course at https://www.patreon.com/crashcourse Subscribe for as little as $0 to keep up with everything we're doing. Also, if you can afford to pay a little every month, it really helps us to continue producing great content.
Views: 1898583 CrashCourse
Banking Explained – Money and Credit
 
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Banks are a riddle wrapped up in an enigma. We all kind of know that they do stuff with money we don’t understand, while the last crisis left a feeling of deep mistrust and confusion. We try to shed a bit of light onto the banking system. Why were banks invented, why did they cause the last crisis and are there alternatives? The music from the video is available here! http://epicmountainmusic.bandcamp.com/track/banking http://soundcloud.com/epicmountain/banking http://www.epic-mountain.com Visit us on our Website, Twitter, Facebook, Patreon or Behance to say hi! http://kurzgesagt.org https://www.facebook.com/Kurzgesagt https://twitter.com/Kurz_Gesagt http://www.patreon.com/Kurzgesagt http://www.behance.net/Kurzgesagt Banking Explained – Money and Credit Help us caption & translate this video! http://www.youtube.com/timedtext_cs_panel?c=UCsXVk37bltHxD1rDPwtNM8Q&tab=2
The Economics of Ideas
 
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At the end of our last video, we asked, “What spurs the growth of new ideas?” To answer that, we’ll tell you two stories. The first is about a man named John Kay. He created the flying shuttle, one of the key inventions of the Industrial Revolution. His shuttle improved looms, and made it possible to produce clothes quicker and more cheaply. This allowed larger numbers of people to have new, clean clothes, and it made fashion something that was no longer just for the rich. But what did he get for his efforts? Well, the weavers who were threatened by his invention broke the improved looms and his house was burned down. He eventually fled to France, fearing for his life, and eventually died there, a poor man. Our second story paints a completely different picture. It’s about a man almost everyone knows: Steve Jobs. Like Kay, Steve Jobs was also an innovator, pioneering products like the iPod, iTunes, iPhone, and the iPad. For his efforts, he earned not only money but recognition as well. Unlike John Kay, Steve Jobs became an icon, celebrated for his achievements in the world. Why such a stark difference between these two men? When we examine the differences between John Kay and Steve Jobs, we’re also looking at the thing that either dooms an idea or allows it to prosper. This vital factor is institutions, which serve as the soil where ideas are planted. Depending on the quality of said soil, the ideas either take root, or they shrivel into nothingness. To understand how this is, think of the institutions in the United States today. The US has institutions that encourage the germination and growth of ideas. If you’re an entrepreneur, America has incubators and investors, ready to fund your idea if it’s a good one. In the US, you also have recourse to laws that protect your idea, not to mention a culture that celebrates innovators. And, if your idea’s a good one, the market will handsomely reward you. To tell you the truth, John Kay could only have dreamed of institutions like the ones we have today. As you can see, good institutions can mean the difference between an idea withering and an idea thriving. While it may seem like ideas grow at random, the truth is you need a set of key ingredients, or what we call “institutions.” In the next video, we’ll see how patents affect the growth of ideas, and we’ll examine the trade-offs between protecting and sharing ideas. Last, we’ll also look at the role the government can play, in providing a stable environment where ideas can flourish. Subscribe for new videos every Tuesday! http://bit.ly/1Rib5V8 Macroeconomics Course: http://bit.ly/1R1PL5x Ask a question about the video: http://bit.ly/21S9YCa Next video: http://bit.ly/1rEha8p Help us caption & translate this video! http://amara.org/v/IWo5/
Cost-Benefit Discounting
 
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This video is a part of Conservation Strategy Fund's collection of environmental economic lessons and was made possible thanks to the support of the Gordon and Betty Moore Foundation and the Marcia Brady Tucker Foundation. This series is for individuals who want to learn - or review - the basic economics of conservation. In this video, you will learn why you discount the future in cost-benefit analysis. Concepts include discount rates, weighted average discount rates, economic opportunity costs of capital and financial vs. economic discount rates. To follow this series, subscribe to our YouTube channel. For more information on these and other trainings from Conservation Strategy Fund, check out: http://www.conservation-strategy.org/ For copyright information on all sound effects, see http://www.conservation-strategy.org/en/page/csf-economic-video-lessons-sound-references
Productivity and Growth: Crash Course Economics #6
 
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Why are some countries rich? Why are some countries poor? In the end it comes down to Productivity. This week on Crash Course Econ, Adriene and Jacob investigate just why some economies are more productive than others, and what happens when an economy is mor productive. We'll look at how things like per capita GDP translate to the lifestyle of normal people. And, there's a mystery. Crash Course is on Patreon! You can support us directly by signing up at http://www.patreon.com/crashcourse Thanks to the following Patrons for their generous monthly contributions that help keep Crash Course free for everyone forever: Mark, Jan Schmid, Simun Niclasen, Robert Kunz, Daniel Baulig, Jason A Saslow, Eric Kitchen, Christian, Beatrice Jin, Anna-Ester Volozh, Eric Knight, Elliot Beter, Jeffrey Thompson, Ian Dundore, Stephen Lawless, Today I Found Out, James Craver, Jessica Wode, Sandra Aft, Jacob Ash, SR Foxley, Christy Huddleston, Steve Marshall, Chris Peters Want to find Crash Course elsewhere on the internet? Facebook - http://www.facebook.com/YouTubeCrashCourse Twitter - http://www.twitter.com/TheCrashCourse Tumblr - http://thecrashcourse.tumblr.com Support Crash Course on Patreon: http://patreon.com/crashcourse CC Kids: http://www.youtube.com/crashcoursekids
Views: 855705 CrashCourse
Specialization and Trade: Crash Course Economics #2
 
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In which Adriene Hill and Jacob Clifford teach you about specialization and trade, and how countries decide whether they're going to make stuff or trade for stuff. You'll learn about things like comparative advantage, the production possibilities frontier and how to make pizza! Crash Course is now on Patreon! You can support us directly by signing up at http://www.patreon.com/crashcourse Thanks to the following Patrons for their generous monthly contributions that help keep Crash Course free for everyone forever: Mark Brouwer, Jan Schmid, Anna-Ester Volozh, Robert Kunz, Jason A Saslow, Christian Ludvigsen, Chris Peters, Brad Wardell, Beatrice Jin, Roger C. Rocha, Eric Knight, Jessica Simmons, Jeffrey Thompson, Elliot Beter, Today I Found Out, James Craver, Ian Dundore, Jessica Wode, SR Foxley, Sandra Aft, Jacob Ash, Steve Marshall TO: Sarah M. FROM: Anthony M. "Making our own history awesome! Happy 3 year Anniversary!" TO: Everyone FROM: Someone "The earth is but one country, and mankind its citizens." Thank you so much to all of our awesome supporters for their contributions to help make Crash Course possible and freely available for everyone forever: Nathanial R. Castronovo, Eefje Savelkoul, Nupur Maheshwari, Jacob J., Dominik Steenken, Shai Belfer, Stefan Bjerring Henriksen James Kribs, Hugo Jobly, Tim Eramo Want to find Crash Course elsewhere on the internet? Facebook - http://www.facebook.com/YouTubeCrashCourse Twitter - http://www.twitter.com/TheCrashCourse Tumblr - http://thecrashcourse.tumblr.com Support Crash Course on Patreon: http://patreon.com/crashcourse CC Kids: http://www.youtube.com/crashcoursekids
Views: 1488888 CrashCourse
Economic Resource Payments
 
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Filmed and edited by Ryan Reed. Instructed by Kaycea Campbell.
Labor Markets and Minimum Wage: Crash Course Economics #28
 
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How much should you get paid for your job? Well, that depends on a lot of factors. Your skill set, the demand for the skills you have, and what other people are getting paid around you all factor in. In a lot of ways, labor markets work on supply and demand, just like many of the markets we talk about in Crash Course Econ. But, again, there aren't a lot of pure, true markets in the world. There are all kinds of oddities and regulations that change the way labor markets work. One common (and kind of controversial one) is the minimum wage. The minimum wage has potential upsides and downsides, and we'll take a look at the various arguments for an against it. Crash Course is on Patreon! You can support us directly by signing up at http://www.patreon.com/crashcourse Thanks to the following Patrons for their generous monthly contributions that help keep Crash Course free for everyone forever: Mark, Eric Kitchen, Jessica Wode, Jeffrey Thompson, Steve Marshall, Moritz Schmidt, Robert Kunz, Tim Curwick, Jason A Saslow, SR Foxley, Elliot Beter, Jacob Ash, Christian, Jan Schmid, Jirat, Christy Huddleston, Daniel Baulig, Chris Peters, Anna-Ester Volozh, Ian Dundore, Caleb Weeks -- Want to find Crash Course elsewhere on the internet? Facebook - http://www.facebook.com/YouTubeCrashCourse Twitter - http://www.twitter.com/TheCrashCourse Tumblr - http://thecrashcourse.tumblr.com Support Crash Course on Patreon: http://patreon.com/crashcourse CC Kids: http://www.youtube.com/crashcoursekids
Views: 491064 CrashCourse
Supply and Demand: Crash Course Economics #4
 
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In which Adriene Hill and Jacob Clifford teach you about one of the fundamental economic ideas, supply and demand. What is supply and demand? Well, you’ll have to watch the video to really understand it, but it’s kind of important for everything economically. Supply and demand sets prices, and indicates to manufacturers how much to produce. Also, it has a lot to do with strawberries. Crash Course is on Patreon! You can support us directly by signing up at http://www.patreon.com/crashcourse Thanks to the following Patrons for their generous monthly contributions that help keep Crash Course free for everyone forever: Mark, Jan Schmid, Simun Niclasen, Robert Kunz, Daniel Baulig, Jason A Saslow, Eric Kitchen, Christian, Beatrice Jin, Anna-Ester Volozh, Eric Knight, Elliot Beter, Jeffrey Thompson, Ian Dundore, Stephen Lawless, Today I Found Out, James Craver, Jessica Wode, Sandra Aft, Jacob Ash, SR Foxley, Christy Huddleston, Steve Marshall, Chris Peters Want to find Crash Course elsewhere on the internet? Facebook - http://www.facebook.com/YouTubeCrashCourse Twitter - http://www.twitter.com/TheCrashCourse Tumblr - http://thecrashcourse.tumblr.com Support Crash Course on Patreon: http://patreon.com/crashcourse CC Kids: http://www.youtube.com/crashcoursekids
Views: 1570040 CrashCourse
All the financial advice you’ll ever need fits on a single index card
 
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Watch more from Making Sen$e: https://bit.ly/2D8w9kc Read more economic news: https://www.pbs.org/newshour/economy/making-sense At first glance, fiscal planning can seem more complex and time-consuming than it’s worth. But according to Professor Harold Pollack of the University of Chicago, you can fit all the financial advice you’ll ever really need on a single index card. Economics correspondent Paul Solman takes a look at Pollack’s ten easy tips for simple and sensible money management.
Views: 1660762 PBS NewsHour
Market Failures, Taxes, and Subsidies: Crash Course Economics #21
 
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This week on Crash Course Econ, Jacob and Adriene are talking about failure. Specifically, we're talking about market failures. When markets don't provide a good or service efficiently, that's a market failure. When markets fail, often governments step in to provide those services. Stuff like public education or military protection are good examples of market failures. So, what are some of the ways governments address, market failures? Well, it's funny you should ask, as we also talk about that in this episode. We'll get into taxes and subsidies and externalities and a bunch of other important stuff this week on Crash Course Econ. Crash Course is on Patreon! You can support us directly by signing up at http://www.patreon.com/crashcourse Thanks to the following Patrons for their generous monthly contributions that help keep Crash Course free for everyone forever: Mark, Eric Kitchen, Jessica Wode, Jeffrey Thompson, Steve Marshall, Moritz Schmidt, Robert Kunz, Tim Curwick, Jason A Saslow, SR Foxley, Elliot Beter, Jacob Ash, Christian, Jan Schmid, Jirat, Christy Huddleston, Daniel Baulig, Chris Peters, Anna-Ester Volozh, Ian Dundore, Caleb Weeks -- Want to find Crash Course elsewhere on the internet? Facebook - http://www.facebook.com/YouTubeCrashCourse Twitter - http://www.twitter.com/TheCrashCourse Tumblr - http://thecrashcourse.tumblr.com Support Crash Course on Patreon: http://patreon.com/crashcourse CC Kids: http://www.youtube.com/crashcoursekids
Views: 606036 CrashCourse
Episode 3: Resources
 
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What are economic resources? The four major categories are explained in this video. "Episode 3: Resources" by Dr. Mary J. McGlasson is licensed under a Creative Commons Attribution-NonCommercial-NoDerivs 3.0 Unported License.
Views: 258190 mjmfoodie
Trillion Dollars Natural Resources and Geographical Importance of Gold and Oil Reserves
 
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Natural Resources like Oil, Gas, Gold and Precious stones in a country's economy plays very important role to boost the economy and export these goods to earn money. If we look at the natural resources reserves in Pakistan there is an estimate of five Trillion Dollars of natural resources reserves in a single province but unfortunately there is not a single business minded leader in Pakistan who utilize these resources and boost the economy.
Views: 307101 SuperPower Pakistan
Inflation and Bubbles and Tulips: Crash Course Economics #7
 
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In which Adriene and Jacob teach you about how and why prices rise. Sometimes prices rise as a result of inflation, which is a pretty normal thing for economies to do. We'll talk about how across the board prices rise over time, and how economists track inflation. Bubbles are a pretty normal thing for humans to do. One item, like tulips or beanie babies or houses or tech startups experience a rapid rise in prices. This is often accompanied by speculation, a bunch of outrageous profits, and then a nasty crash when the bubble bursts. People get excited about rising prices, and next thing you know, people are trading their life savings for a tulip bulb. Crash Course is on Patreon! You can support us directly by signing up at http://www.patreon.com/crashcourse Thanks to the following Patrons for their generous monthly contributions that help keep Crash Course free for everyone forever: Mark , Elliot Beter, Moritz Schmidt, Jeffrey Thompson, Ian Dundore, Jacob Ash, Jessica Wode, Today I Found Out, Christy Huddleston, James Craver, Chris Peters, SR Foxley, Steve Marshall, Simun Niclasen, Eric Kitchen, Robert Kunz, Avi Yashchin, Jason A Saslow, Jan Schmid, Daniel Baulig, Christian , Anna-Ester Volozh -- Want to find Crash Course elsewhere on the internet? Facebook - http://www.facebook.com/YouTubeCrashCourse Twitter - http://www.twitter.com/TheCrashCourse Tumblr - http://thecrashcourse.tumblr.com Support Crash Course on Patreon: http://patreon.com/crashcourse CC Kids: http://www.youtube.com/crashcoursekids
Views: 822508 CrashCourse
Introduction to economics | Supply, demand, and market equilibrium | Microeconomics | Khan Academy
 
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Basic introduction to what microeconomics and macroeconomics study. A bit on Adam Smith. Watch the next lesson: https://www.khanacademy.org/economics-finance-domain/microeconomics/supply-demand-equilibrium/demand-curve-tutorial/v/law-of-demand?utm_source=YT&utm_medium=Desc&utm_campaign=microeconomics Microeconomics on Khan Academy: Topics covered in a traditional college level introductory microeconomics course About Khan Academy: Khan Academy is a nonprofit with a mission to provide a free, world-class education for anyone, anywhere. We believe learners of all ages should have unlimited access to free educational content they can master at their own pace. We use intelligent software, deep data analytics and intuitive user interfaces to help students and teachers around the world. Our resources cover preschool through early college education, including math, biology, chemistry, physics, economics, finance, history, grammar and more. We offer free personalized SAT test prep in partnership with the test developer, the College Board. Khan Academy has been translated into dozens of languages, and 100 million people use our platform worldwide every year. For more information, visit www.khanacademy.org, join us on Facebook or follow us on Twitter at @khanacademy. And remember, you can learn anything. For free. For everyone. Forever. #YouCanLearnAnything Subscribe to Khan Academy's Microeconomics channel: https://www.youtube.com/channel/UC_6zQ54DjQJdLodwsxAsdZg Subscribe to Khan Academy: https://www.youtube.com/subscription_center?add_user=khanacademy
Views: 1800260 Khan Academy
Fiscal Policy and Stimulus: Crash Course Economics #8
 
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In which Jacob and Adriene teach you about the evils of fiscal policy and stimulus. Well, maybe the policies aren't evil, but there is an evil lair involved. In this episode we learn how government use taxes and spending influence the economy. Sometimes the government gives, and sometimes it takes. And the giving and the taking can have a profound effect on how economies behave. Crash Course is on Patreon! You can support us directly by signing up at http://www.patreon.com/crashcourse Thanks to the following Patrons for their generous monthly contributions that help keep Crash Course free for everyone forever: Mark , Elliot Beter, Moritz Schmidt, Jeffrey Thompson, Ian Dundore, Jacob Ash, Jessica Wode, Today I Found Out, Christy Huddleston, James Craver, Chris Peters, SR Foxley, Steve Marshall, Simun Niclasen, Eric Kitchen, Robert Kunz, Avi Yashchin, Jason A Saslow, Jan Schmid, Daniel Baulig, Christian , Anna-Ester Volozh Want to find Crash Course elsewhere on the internet? Facebook - http://www.facebook.com/YouTubeCrashCourse Twitter - http://www.twitter.com/TheCrashCourse Tumblr - http://thecrashcourse.tumblr.com Support Crash Course on Patreon: http://patreon.com/crashcourse CC Kids: http://www.youtube.com/crashcoursekids
Views: 877074 CrashCourse
The 2008 Financial Crisis: Crash Course Economics #12
 
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Today on Crash Course Economics, Adriene and Jacob talk about the 2008 financial crisis and the US Goverment's response to the troubles. So, all this starts with home mortgages, and the use of mortgages as an investment instrument. For years, it seemed like the US housing market would go up and up. Like a bubble or something. It turns out it was a bubble. But not the good kind. And the government response was...interesting. Anyway, why are you reading this? Watch the video! More Financial Crisis Resources: Financial Crisis Inquiry Report: http://www.gpo.gov/fdsys/pkg/GPO-FCIC/pdf/GPO-FCIC.pdf TAL: Giant Pool of Money: http://www.thisamericanlife.org/radio-archives/episode/355/the-giant-pool-of-money Timeline of the crisis: https://www.stlouisfed.org/financial-crisis/full-timeline http://www.economist.com/news/schoolsbrief/21584534-effects-financial-crisis-are-still-being-felt-five-years-article Crash Course is on Patreon! You can support us directly by signing up at http://www.patreon.com/crashcourse Thanks to the following Patrons for their generous monthly contributions that help keep Crash Course free for everyone forever: Fatima Iqbal, Penelope Flagg, Eugenia Karlson, Alex S, Jirat, Tim Curwick, Christy Huddleston, Eric Kitchen, Moritz Schmidt, Today I Found Out, Avi Yashchin, Chris Peters, Eric Knight, Jacob Ash, Simun Niclasen, Jan Schmid, Elliot Beter, Sandra Aft, SR Foxley, Ian Dundore, Daniel Baulig, Jason A Saslow, Robert Kunz, Jessica Wode, Steve Marshall, Anna-Ester Volozh, Christian, Caleb Weeks, Jeffrey Thompson, James Craver, and Markus Persson -- Want to find Crash Course elsewhere on the internet? Facebook - http://www.facebook.com/YouTubeCrashCourse Twitter - http://www.twitter.com/TheCrashCourse Tumblr - http://thecrashcourse.tumblr.com Support Crash Course on Patreon: http://patreon.com/crashcourse CC Kids: http://www.youtube.com/crashcoursekids
Views: 1509171 CrashCourse
97% Owned - Economic Truth documentary - How is Money Created
 
02:10:23
If you like 97% Owned support our future documentaries on Patreon: https://www.patreon.com/independentdocumentary Watch our newest documentary The Spider's Web: Britain's Second Empire: https://www.youtube.com/watch?v=np_ylvc8Zj8 97% owned present serious research and verifiable evidence on our economic and financial system. This is the first documentary to tackle this issue from a UK-perspective and explains the inner workings of Central Banks and the Money creation process. When money drives almost all activity on the planet, it's essential that we understand it. Yet simple questions often get overlooked, questions like; where does money come from? Who creates it? Who decides how it gets used? And what does this mean for the millions of ordinary people who suffer when the monetary, and financial system, breaks down? A film by Michael Oswald, Produced by Mike Horwath, featuring Ben Dyson of Positive Money, Josh Ryan-Collins of The New Economics Foundation, Ann Pettifor, the "HBOS Whistleblower" Paul Moore, Simon Dixon of Bank to the Future and Nick Dearden from the Jubliee Debt Campaign. Help us translate this video: http://www.youtube.com/timedtext_video?ref=share&v=XcGh1Dex4Yo or contact us on [email protected] Brought to you by: http://hushhushvideo.com/ and http://queuepolitely.com/
Views: 2311648 Independent POV
Monopolies and Anti-Competitive Markets: Crash Course Economics #25
 
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What is a monopoly? It turns out, it's more than just a board game. It's a terrible, terrible economic practice in which giant corporations dominate markets and hurt consumers. Except when it isn't. In some industries, monopolies are the most efficient way to do business. Utilities like electricity, water, and broadband internet access are probably less efficiently delivered in competitive markets. Come along, and let us monopolize your attention for a few minutes. You might learn something. And you might land on Free Parking. Crash Course is on Patreon! You can support us directly by signing up at http://www.patreon.com/crashcourse Thanks to the following Patrons for their generous monthly contributions that help keep Crash Course free for everyone forever: Mark, Eric Kitchen, Jessica Wode, Jeffrey Thompson, Steve Marshall, Moritz Schmidt, Robert Kunz, Tim Curwick, Jason A Saslow, SR Foxley, Elliot Beter, Jacob Ash, Christian, Jan Schmid, Jirat, Christy Huddleston, Daniel Baulig, Chris Peters, Anna-Ester Volozh, Ian Dundore, Caleb Weeks -- Want to find Crash Course elsewhere on the internet? Facebook - http://www.facebook.com/YouTubeCrashCourse Twitter - http://www.twitter.com/TheCrashCourse Tumblr - http://thecrashcourse.tumblr.com Support Crash Course on Patreon: http://patreon.com/crashcourse CC Kids: http://www.youtube.com/crashcoursekids
Views: 467611 CrashCourse
Puzzle of Growth: Rich Countries and Poor Countries
 
08:33
Throughout this section of the course, we’ve been trying to solve a complicated economic puzzle—why are some countries rich and others poor? There are various factors at play, interacting in a dynamic, and changing environment. And the final answer to the puzzle differs depending on the perspective you're looking from. In this video, you'll examine different pieces of the wealth puzzle, and learn about how they fit. The first piece of the puzzle, is about productivity. You'll learn how physical capital, human capital, technological knowledge, and entrepreneurs all fit together to spur higher productivity in a population. From this perspective, you'll see economic growth as a function of a country's factors of production. You’ll also learn what investments can be made to improve and increase these production factors. Still, even that is too simplistic to explain everything. So we'll also introduce you to another piece of the puzzle: incentives. In previous videos, you learned about the incentives presented by different economic, cultural, and political models. In this video, we'll stay on that track, showing how different incentives produce different results. As an example, you'll learn why something as simple as agriculture isn't nearly so simple at all. We'll put you in the shoes of a hypothetical farmer, for a bit. In those shoes, you'll see how incentives can mean the difference between getting to keep a whole bag of potatoes from your farm, or just a hundredth of a bag from a collective farm. (Trust us, the potatoes explain a lot.) Potatoes aside, you're also going to see how different incentives shaped China's economic landscape during the “Great Leap Forward” of the 1950s and 60s. With incentives as a lens, you'll see why China's supposed leap forward ended in starvation for tens of millions. Hold on—incentives still aren’t the end of it. After all, incentives have to come from somewhere. That “somewhere” is institutions. As we showed you before, institutions dictate incentives. Things like property rights, cultural norms, honest governments, dependable laws, and political stability, all create incentives of different kinds. Remember our hypothetical farmer? Through that farmer, you'll learn how different institutions affect all of us. You'll see how institutions help dictate how hard a person works, and how likely he or she is to invest in the economy, beyond that work. Then, once you understand the full effect of institutions, you'll go beyond that, to the final piece of the wealth puzzle. And it's the most mysterious piece, too. Why? Because the final piece of the puzzle is the amorphous combination of a country’s history, ideas, culture, geography, and even a little luck. These things aren't as direct as the previous pieces, but they matter all the same. You'll see why the US constitution is the way it is, and you'll learn about people like Adam Smith and John Locke, whose ideas helped inform it. And if all this talk of pieces makes you think that the wealth puzzle is a complex one, you’d be right. Because the truth is, the question of “what creates wealth?” really is complex. Even the puzzle pieces you'll learn about don't constitute every variable at play. And as we mentioned earlier, not only are the factors complex, but they're also constantly changing as they bump against each other. Luckily, while the quest to finish the wealth puzzle isn’t over, at least we have some of the pieces in hand. So take the time to dive in and listen to this video and let us know if you have questions along the way. After that, we'll soon head into a new section of the course: we’ll tackle the factors of production so we can further explore what leads to economic growth. Macroeconomics Course: http://bit.ly/1R1PL5x Ask a question about the video: http://bit.ly/1QEPrQ3 Next video: http://bit.ly/1WJe2Bw Help us caption & translate this video! http://amara.org/v/HrHZ/
Wealth Inequality in America
 
06:24
Infographics on the distribution of wealth in America, highlighting both the inequality and the difference between our perception of inequality and the actual numbers. The reality is often not what we think it is. References: http://www.motherjones.com/politics/2011/02/income-inequality-in-america-chart-graph http://danariely.com/2010/09/30/wealth-inequality/ http://thinkprogress.org/economy/2011/10/03/334156/top-five-wealthiest-one-percent/ http://money.cnn.com/2012/04/19/news/economy/ceo-pay/index.htm
Views: 21770388 politizane
What is the Gold Standard? - Learn Liberty
 
04:25
Before 1974, U.S. dollars were backed by gold. This meant that the federal government could not print more money than it could redeem for gold. Learn more: http://bit.ly/1HVAtKP. While this constrained the federal government, it also provided citizens with a relatively stable purchasing power for goods and services. Today's paper currency has no intrinsic value. It is not based on the value of gold or anything else. Under a gold standard, inflation was really limited. With floating value, or fiat, currency, however, some countries have seen inflation reach extremely high levels—sometimes enough to lead to economic collapse. Gold standards have historically provided more stable currencies with lower inflation than fiat currency. Should the United States return to a gold standard? SUBSCRIBE: http://bit.ly/1HVAtKP FOLLOW US: - Website: https://www.learnliberty.org/ - Facebook: https://www.facebook.com/LearnLiberty - Twitter: https://twitter.com/LearnLiberty - Google +: http://bit.ly/1hi66Zz LEARN LIBERTY Your resource for exploring the ideas of a free society. We tackle big questions about what makes a society free or prosperous and how we can improve the world we live in. Watch more at http://bit.ly/1UleLbP
Views: 284283 Learn Liberty
How Cruise Ships Work
 
08:00
Dashlane: Use code youtube2018 at http://bit.ly/dashlanepoly (Sponsor) Patreon: https://patreon.com/polymatter Twitter: https://twitter.com/polymatters Reddit: https://reddit.com/r/PolyMatter Discord: https://discord.gg/polymatter The cruise industry is extremely efficient and subject to strange regulations. *The end of this video includes a paid sponsored promotion. This company had no part in the writing, editing, or production of the rest of the video. Credits Music is I'm Going for a Coffee by Lee Rosevere under Attribution License http://freemusicarchive.org/music/Lee_Rosevere/Music_For_Podcasts_3/02_Im_Going_for_a_Coffee Many images from Royal Caribbean International: https://www.royalcaribbeanpresscenter.com Fake window video from: https://www.youtube.com/watch?v=4__AIB8Bl-4 Kirtibati map from: Kiribati - Single Color by FreeVectorMaps.com Guy Fieri image http://pointmetotheplane.boardingarea.com/2016/07/28/feel-guy-fieri-coming-carnival-cruises/ Virtual windows: https://www.youtube.com/watch?v=4__AIB8Bl-4 Castaway Cay Image: https://disneycruise.disney.go.com/ports/castaway-cay/
Views: 3314413 PolyMatter
Costs of Production- Microeconomics 3.3 (Part 1)
 
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In this video I explain the costs of production including fixed costs, variable costs, total cost, and marginal cost. Make sure that you know how to calculate the per unit costs: AVC, AFC, and ATC. Let me know what you think and please subscribe. Get the Ultimate Review Packet http://www.acdcecon.com/#!review-packet/czji Next video-drawing the cost curves https://www.youtube.com/watch?v=qYKJdooEnwU Watch Episodes of Econmovies- https://www.youtube.com/playlist?list=PL1oDmcs0xTD9Aig5cP8_R1gzq-mQHgcAH More videos about the costs of production- https://www.youtube.com/playlist?list=PLE70CA726102FB294
Views: 875547 Jacob Clifford
Why Cuban cab drivers earn more than doctors
 
05:01
In Cuba, cab drivers are the one percent Subscribe to our channel! http://goo.gl/0bsAjO Cuba’s economy works as a central planning model, where government ministries dole out resources and set everything from prices to inventories to salaries. The fact that a taxi driver can make so much more than a physician is a reflection of the Cuban government’s heavy focus on tourism. For years, the central planning apparatus has valued tourism as a key mechanism for both bringing in revenue as well as propagating the idea that Cuba is thriving. Many pesos are collected by the high prices on everything related to the tourism industry. Vox.com is a news website that helps you cut through the noise and understand what's really driving the events in the headlines. Check out http://www.vox.com to get up to speed on everything from Kurdistan to the Kim Kardashian app. Check out our full video catalog: http://goo.gl/IZONyE Follow Vox on Twitter: http://goo.gl/XFrZ5H Or on Facebook: http://goo.gl/U2g06o
Views: 4464095 Vox
2527, How to Fix Election Fraud by 2020, 2527
 
31:14
This is a paid sponsorship by: - PatriotRates - Veteran-owned scours the nation for your best rates. https://www.PatriotRates.com for your FREE QUOTE! CONTACT: [email protected] The on-screen email address has an erroneous "L" in "mail". Good evening, I’m still reporting on: How to Fix Election Fraud by 2020, 2527 Synopsis: SUPPORT OUR SPONSORS: - Noble Gold - Better grab some rolls of these beautiful Morgan Silver Dollars before they are gone. Go to: https://HistoricSilverCoins.com and enter promo code “Bill Still” to save $5 per coin. -- Virtual Shield VPN - the easiest way to create a home VPN. It takes me 4-5 seconds each morning to get my Virtual Shield up. Go to: https://www.virtualshield.com/billstill - Trade Genius Academy. It pays for itself. See their Black Friday Specials at: https://www.TradeGeniusAcademy.com - Cheap Cable TV - Call 1-888-742-8847. Click now: https://CheapCableTV.com - Ray Mikelonis, an independent representative of plant-based products which have been scientifically proven to naturally increase the number of adult stem cells in your body. CLICK HERE: https://BillStill.com/StemCell -Jeevy Computers: Move up to business-level computer protection.800-844-8613 http://jeevycomputers.com/pcs/ Still Report BTC address: 18Ky2c3CgPY3eu5N7ySoM3X6NjgEAN2w4v Connect with me; Bill Still: newspaper editor/publisher, economics reporter - top US publications, authored 22 books, 4 documentary videos & daily host of this Y/T channel, THE STILL REPORT: https://plus.google.com/u/0/109353617116072656672 Get the word Out: Please LIKE, COMMENT & SHARE! Our website: http://www.billstill.com Considered by informed insiders’ as the ultimate resource for surviving economic or financial collapse/crash and attaining the unvarnished truth about the latest US and world news, current events in Washington, and today’s United States political climate. Please Like, Comment & Share. Bill Still is a former newspaper editor and publisher. He has written for USA Today, The Saturday Evening Post, the Los Angeles Times Syndicate, OMNI magazine, and has also produced the syndicated radio program, Health News. He has written 22 books and two documentary videos and is the host of his wildly popular daily YouTube Channel the “Still Report”, the quintessential report on the economy and Washington. Connect with Bill Still: https://www.youtube.com/user/bstill3 https://plus.google.com/u/0/+BillStill http://billstills.blogspot.in/ https://twitter.com/billstill https://www.facebook.com/TheStillReport https://www.pinterest.com/billstills/ https://www.linkedin.com/in/billstill http://billstills.tumblr.com/ https://billstills.wordpress.com/ https://www.diigo.com/profile/billstill https://www.reddit.com/user/billstills/ http://www.stumbleupon.com/stumbler/billstillss Consider becoming a Patreon sponsor: https://www.patreon.com/user?u=3204630 https://youtu.be/b25G5j5wrhk
Views: 8114 The Still Report
Kennedy Asked KGB to Help Defeat Reagan in 1984, 2525
 
23:30
This is a paid sponsorship by: - Virtual Shield VPN - the easiest way to create a home VPN. It takes me 4-5 seconds a day to raise my shield of protection. Go to: https://www.virtualshield.com/billstill Good evening, I’m still reporting on: Kennedy Asked KGB to Help Defeat Reagan in 1984, 2525 Synopsis: But now comes Professor Paul Kengor, who has actual state documents from the archives of the old communist Soviet Union which proves beyond a shadow of a doubt that a top democrat – Sen. Ted Kennedy – then called the Lion of the Senate for God only knows what reason – Ted Kennedy made contact with the KGB asking for the Soviet Union’s help to prevent President Ronald Reagan from being re-elected during the run-up to the 1984 election campaign. I mean Prof. Kengor has this smoking-gun document in his hand and he can’t get any attention from any major media source or any Congressional investigation – until last night – when Mark Levin – God bless his soul – put Prof. Kengor on his Sunday evening show on Fox. And here’s what happened: [insert] SUPPORT OUR SPONSORS: - Noble Gold - Better grab some rolls of these beautiful Morgan Silver Dollars before they are gone. Go to: https://HistoricSilverCoins.com and enter promo code “Bill Still” to save $5 per coin. -- Virtual Shield VPN - the easiest way to create a home VPN. It takes me 4-5 seconds each morning to get my Virtual Shield up. Go to: https://www.virtualshield.com/billstill - Trade Genius Academy. It pays for itself. See their Black Friday Specials at: https://www.TradeGeniusAcademy.com - Cheap Cable TV - Call 1-888-742-8847. Click now: https://CheapCableTV.com - Ray Mikelonis, an independent representative of plant-based products which have been scientifically proven to naturally increase the number of adult stem cells in your body. CLICK HERE: https://BillStill.com/StemCell -Jeevy Computers: Move up to business-level computer protection.800-844-8613 http://jeevycomputers.com/pcs/ Still Report BTC address: 18Ky2c3CgPY3eu5N7ySoM3X6NjgEAN2w4v Connect with me; Bill Still: newspaper editor/publisher, economics reporter - top US publications, authored 22 books, 4 documentary videos & daily host of this Y/T channel, THE STILL REPORT: https://plus.google.com/u/0/109353617116072656672 Get the word Out: Please LIKE, COMMENT & SHARE! Our website: http://www.billstill.com Considered by informed insiders’ as the ultimate resource for surviving economic or financial collapse/crash and attaining the unvarnished truth about the latest US and world news, current events in Washington, and today’s United States political climate. Please Like, Comment & Share. Bill Still is a former newspaper editor and publisher. He has written for USA Today, The Saturday Evening Post, the Los Angeles Times Syndicate, OMNI magazine, and has also produced the syndicated radio program, Health News. He has written 22 books and two documentary videos and is the host of his wildly popular daily YouTube Channel the “Still Report”, the quintessential report on the economy and Washington. Connect with Bill Still: https://www.youtube.com/user/bstill3 https://plus.google.com/u/0/+BillStill http://billstills.blogspot.in/ https://twitter.com/billstill https://www.facebook.com/TheStillReport https://www.pinterest.com/billstills/ https://www.linkedin.com/in/billstill http://billstills.tumblr.com/ https://billstills.wordpress.com/ https://www.diigo.com/profile/billstill https://www.reddit.com/user/billstills/ http://www.stumbleupon.com/stumbler/billstillss Consider becoming a Patreon sponsor: https://www.patreon.com/user?u=3204630 https://youtu.be/A6fL1vnSS_E
Views: 22320 The Still Report
Environmental Econ: Crash Course Economics #22
 
08:23
So, if economics is about choices and how we use our resources, econ probably has a lot to say about the environment, right? Right! In simple terms, pollution is just a market failure. The market is producing more pollution than society wants. This week, Adriene and Jacob focus on the environment, and how economics can be used to control and reduce pollution and emissions. You'll learn about supply and demand, incentives, and how government intervention influences the environment. Crash Course is on Patreon! You can support us directly by signing up at http://www.patreon.com/crashcourse Thanks to the following Patrons for their generous monthly contributions that help keep Crash Course free for everyone forever: Mark, Eric Kitchen, Jessica Wode, Jeffrey Thompson, Steve Marshall, Moritz Schmidt, Robert Kunz, Tim Curwick, Jason A Saslow, SR Foxley, Elliot Beter, Jacob Ash, Christian, Jan Schmid, Jirat, Christy Huddleston, Daniel Baulig, Chris Peters, Anna-Ester Volozh, Ian Dundore, Caleb Weeks -- Want to find Crash Course elsewhere on the internet? Facebook - http://www.facebook.com/YouTubeCrashCourse Twitter - http://www.twitter.com/TheCrashCourse Tumblr - http://thecrashcourse.tumblr.com Support Crash Course on Patreon: http://patreon.com/crashcourse CC Kids: http://www.youtube.com/crashcoursekids
Views: 294096 CrashCourse
Measuring GDP using the Income Approach and the Expenditure Approach - HD
 
14:02
GDP is generally understood to represent the health of a nation's economy, and most people realize that if GDP is growing, things are going well, while if it's falling things have turned sour in the economy. But what, precisely, does GDP measures? There are two primary methods for measuring GDP, which should yield the same result even though they measure completely different factors. -The income approach: measures the total incomes earned by households in a nation in a year. -The expenditure approach: measures the total amount spent on the goods produced by a country in a year. By examining the circular flow model of a nation's economy, we can demonstrate why every dollar earned by a household in a nation's resource market will ultimately be spent in the product market, or leaked through taxes, savings, and import spending, leading to injections in the form of government spending, investment and export sales. In the video lecture below, the two methods for measuring GDP are introduced, and the various components it includes are explained in detail. Want to learn more about economics, or just be ready for an upcoming quiz, test or end of year exam? Jason Welker is available for tutoring, IB internal assessment and extended essay support, and other services to support economics students and teachers. Learn more here! http://econclassroom.com/?page_id=5870
Views: 299222 Jason Welker
Eco. Survey Ch.13-Resource Curse, Ch.2-Economic Vision, Ch.9-UBI
 
50:29
- In this lecture, we'll study three chapters from Economic survey 2016-17 viz. - Ch.13: Ch.The "Other Indias': Two Analytical Narratives (Redistributive and Natural Resources) on States' Development: why some of the Indian states are backward to this date, despite receiving large amount of money as plan assistance, tax devolution, grant in aid and despite having large mineral wealth? - Ch.2: The Economic Vision for Precocious, Cleavaged India: why USA grew rapidly under democracy and China grew under authoritarinism but India has not, despite following mixed economy model? - Ch. 9: Universal Basic Income: A Conversation With and Within the Mahatma. - Budget 2017 has allotted 2.7 lakh crores are subsidies, and majority of that will be spent on food, fuel and fertilizers. But Survey observes that not even 40% of the subsidies are the bottom strata of the society because of 1) inclusion error and 2) exclusion error. - Hence in Survey 2014-15, Arvind Subramanian recommended JAM trinity but next year he realized we can't do direct benefit transfer (DBT) everywhere due to low financial inclusion. So, in some cases such as Kerosene and Food subsidies, Biometrically authenticated Physical uptake (BAPU) is a better alternative than DBT. And simultenously, Government must reduce the subsidies that are being cornered by the affluent class such as PPF, IT exemption, "gold subsidies" et al. - In Survey 2016-17, it seems CEA has lost faith in this option as well, so now talking of giving universal basic income (UBI) to all people. His logic being since Tendulkar Poverty line is measured by monthly Expenditure, so if we give people sufficient money to spend, then automatically they would come above the poverty line. - The only question remains is how much should we give 2,000 or 7,000 or 12,000 or some figure in between. Survey says UBI should have De jure universality, de facto quasi universality i.e. not all people should be given this money. So how to ensure this- survey gives four options 1) self-targeting 2) exit 3) gradualism 4) keeping the well-off people out by eliminating income tax payers and automobile owners from the list. - Faculty Name: You know who - All Powerpoint available at http://mrunal.org/powerpoint - Exam-Utility: UPSC IAS IPS Civil service exam, Prelims, CSAT, Mains, Staff selection SSC-CGL, IBPS-PO/MT, IBPS-CWE, SBI PO & Clerk, RBI and other banking exams; LIC, EPFO, FCI & other PSU exams; CDS, CAPF and other defense services exams; GPSC, MPPCS, RPSC & other State PCS services exams with Indian Economy, Budget, Banking, Public Finance in its syllabus- with descriptive questions and answer writing.
Views: 68374 Mrunal Patel
The Third Industrial Revolution: A Radical New Sharing Economy
 
01:44:59
The global economy is in crisis. The exponential exhaustion of natural resources, declining productivity, slow growth, rising unemployment, and steep inequality, forces us to rethink our economic models. Where do we go from here? In this feature-length documentary, social and economic theorist Jeremy Rifkin lays out a road map to usher in a new economic system. A Third Industrial Revolution is unfolding with the convergence of three pivotal technologies: an ultra-fast 5G communication internet, a renewable energy internet, and a driverless mobility internet, all connected to the Internet of Things embedded across society and the environment. This 21st century smart digital infrastructure is giving rise to a radical new sharing economy that is transforming the way we manage, power and move economic life. But with climate change now ravaging the planet, it needs to happen fast. Change of this magnitude requires political will and a profound ideological shift. To learn more visit: https://impact.vice.com/thethirdindustrialrevolution Click here to subscribe to VICE: http://bit.ly/Subscribe-to-VICE Check out our full video catalog: http://bit.ly/VICE-Videos Videos, daily editorial and more: http://vice.com More videos from the VICE network: https://www.fb.com/vicevideo Click here to get the best of VICE daily: http://bit.ly/1SquZ6v Like VICE on Facebook: http://fb.com/vice Follow VICE on Twitter: http://twitter.com/vice Follow us on Instagram: http://instagram.com/vice Download VICE on iOS: http://apple.co/28Vgmqz Download VICE on Android: http://bit.ly/28S8Et0
Views: 3163318 VICE
Big Money is About to Be Made is Mining Stocks - Marin Katusa Interview
 
23:20
Learn about an incredible opportunity: http://FutureMoneyTrends.com/fortune Over the last decade, Marin has established himself as one of the most successful portfolio managers in the resource sector. His 2009 Fund Partnership (KC50 Fund, LLC) outperformed the TSX-V by over 600%. Marin left a successful teaching career to pursue analyzing and investing in junior resource companies. In addition, he is a regular commentator on BNN & RT. Marin is a member of the Vancouver Angel Forum where he and his colleagues evaluate early seed investment opportunities. During the last few years marin has developed and launched Katusa Research, a website and resource with his research & economic analysis available for free.
Views: 20861 VisionVictory
The Economics of Airline Class
 
11:38
Check out Squarespace: http://www.Squarespace.com/Wendover 10% off code: Wendover Support Wendover Productions on Patreon: https://www.patreon.com/wendoverproductions Get a Wendover Productions t-shirt for $20: https://store.dftba.com/products/wendover-productions-shirt Youtube: http://www.YouTube.com/WendoverProductions Twitter: http://www.Twitter.com/WendoverPro Email: [email protected] Reddit: http://Reddit.com/r/WendoverProductions Select visuals courtesy http://www.Shutterstock.com Sound by Graham Haerther (http://www.Haerther.net) Select visuals courtesy British Airways Select visuals courtesy Etihad Airways Select visuals courtesy Virgin Galactic “Poldoro” by Milton Arias “Summer Movement 1” by John Harrison with the Wichita State University Chamber Players Big thanks to Patreon supporters: Rob Harvey, Venkata Kaushik Nunna, Josh Berger, Paul Jihoon Choi, Huang MingLei, Dylan Benson, Maximillian van Kasbergen, Victor Zimmer, William Chappell, Eyal Matsliah, Sihien,Joseph Bull, Marcelo Alves Vieira, Jonah Paarman, maco2035, Hank Green, Plinio Correa, Connor J Smith, Brady Bellini
Views: 6445541 Wendover Productions
Ben McLeish - The Future of Economics - A Perspective from The Zeitgeist Movement'
 
01:12:39
Lecture on commodity, receipt and fractional (and by extension fiat) money by Ben McLeish of the Zeitgeist Movement. The Zeitgeist Movement: http://www.thezeitgeistmovement.com/ Embedding & sharing is highly encouraged. Note: This LTI Repository location contains only "official", fully proofread versions of the transcript & its derived translations. More translations will be added as they are completed. If your language is not yet represented here, consider helping these efforts by joining your language team at http://bit.ly/Zj0QWC (LTI Forum).
Macro 3.3- Long Run Aggregate Supply, Recession, and Inflation (LRAS)
 
03:41
In this video I explain the most important graph in your macroeconomics class. The aggregate demand and supply model. Make sure that you understand the idea of the long run aggregate supply and how to draw a recessionary gap and inflationary gap. Keep in mind that the "long run" is not a specific amount of time. The long run refers to enough time for resource prices (like wages) to adjust when there is a change in price level.Thanks for watching. Please subscribe. If you need more help, check out my Ultimate Review Packet http://www.acdcecon.com/#!review-packet/czji Macroeconomics Videos https://www.youtube.com/watch?v=XnFv3d8qllI Microeconomics Videos https://www.youtube.com/watch?v=swnoF533C_c Watch Econmovies https://www.youtube.com/playlist?list=PL1oDmcs0xTD9Aig5cP8_R1gzq-mQHgcAH Follow me on Twitter https://twitter.com/acdcleadership
Views: 488162 Jacob Clifford
From Scarcity to Abundance--Re-imagining Money: Ellen Brown at TEDxNewWallStreet
 
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Speaker Bio: Ellen Brown is author of Web of Debt, and serves as president of the Public Banking Institute. Description of Talk: As a journalist, Ellen's passion for research led her to ask a simple question about where our money and banking come from: Why do we repeat the cycle of privatizing bank profits in the good times, and publicly owning their losses in the bad times? Ellen's answer may surprise you: Throughout history, publicly-owned banks have coined money far cheaper than relying on governments to indebt themselves to private banks through a central bank like the Federal Reserve. Ellen challenges the inevitability and safety of a money system dominated solely by privately-owned banks. About TEDx: In the spirit of ideas worth spreading, TEDx is a program of local, self-organized events that bring people together to share a TED-like experience. At a TEDx event, TEDTalks video and live speakers combine to spark deep discussion and connection in a small group. These local, self-organized events are branded TEDx, where x = independently organized TED event. The TED Conference provides general guidance for the TEDx program, but individual TEDx events are self-organized.* (*Subject to certain rules and regulations) FAIR USE NOTICE:
This Talk may contain copyrighted material the use of which has not always been specifically authorized by the copyright owner. In an effort to advance understanding of the subject matter of this Talk in general, and the economics and banking of society in particular, this Talk is being distributed without profit for purposes such as criticism, comment, news reporting, teaching, scholarship, and research. This constitutes a "fair use" of any such copyrighted material that might otherwise be infringing, as provided for and in accordance with the Fair Use Provision of Title 17, U.S.C. Section 107. For more information go to: http://www.law.cornell.edu/uscode/17/107.shtml
Views: 13713 TEDx Talks
Knowledge Economy whiteboard animation
 
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The Myth that is the Knowledge Economy. Many, including myself, argue that we're living in a knowledge economy. But we're not. At least: not yet. Knowledge has always been a key component in any successful and sustainable business model: the experience in growing crops or raising cattle, the science and skills in drilling for oil or mining ore, the creativity in designing consumer products or adverts aimed at specific market segments. But today perhaps more than ever before, knowledge can be the sole driver of a business activity: the likes of Amazon, Google, Facebook don't manufacture anything; they turn information about their users into valuable knowledge for marketeers and advertisers. Yet at the same time they generate a lot of value to hundreds of millions of their users, which they simply give away for free. Why? Because it is simply impossible to determine the market price of "one search" or "one post". Let's explore this in more detail. "Knowledge, like beauty, is in the eye of the beholder" - which means that the value of knowledge can only be determined in light of the context in which it is to be used. So, what is interesting but otherwise useless to you right now, could become extremely relevant - and therefore valuable - tomorrow, or next week, or next year! It all depends on your context. As a consequence the value of knowledge cannot be determined at the time it is acquired but only as and when it is used - every time it is used, in whichever context. And therefore you should only have to pay for it at the time of use, not at the time of acquisition. But our current market mechanisms don't work like that. We're not used to that. Except perhaps in the music and entertainment industry: musicians earn royalties, that are paid to and collected by Performance Rights Organisations, based on the actual playlists of radio stations and events. Consider how this could work in the world of consulting or training, both knowledge-based businesses by excellence: Currently they sell knowledge (in the form of advice or presentations and exercises) but only charge for the TIME spent in sharing that knowledge. While they may charge different hourly rates, this still has no direct bearing on the value of what their clients will do with the advice or knowledge. Nor do these clients have the possibility to resell or indeed return what they bought in case it does not meet their purpose. "Sorry, no refunds !" What should happen instead, is that consultants and trainers not only sell their time - indeed a scarce resource - but also, and separately, their knowledge. Watch this space ... A project is currently under way, supported by the European Commission's Horizon 2020 programme, to create a market for knowledge, where knowledge is shared under Creative Commons Licence, and paid for as and when it is used: a fair payment in proportion to the value it creates for the buyers. Want to know more? Contact me on [email protected]
Views: 8604 Philippe Leliaert
Film Theory: Black Panther's Economic CRISIS!
 
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2:35 - 2:44: Special shout out to OnlyLeigh (https://www.youtube.com/user/OnlyLeigh) for the use of her avatar! Superman FAILED US! ► http://bit.ly/2FCtH3s SUBSCRIBE for More Film Theories! ► http://bit.ly/1dI8VBH Wakanda's choke hold on Vibranium will be it's downfall! The country refuses to communicate and trade with the the rest of the world and history shows that is a BAD IDEA. How can T'Challa save his people from economic destruction? Well, loyal Theorists, that's what I'm here to solve. MORE FILM THEORIES Jurassic World Was An INSIDE JOB! ► http://bit.ly/2CaTGl1 Is The Emoji Movie ILLEGAL? ►► http://bit.ly/2C900Jw Is Thor STRONGER Than The Hulk? ►► http://bit.ly/2ERwLvH The Tide Pod Challenge - EXPOSED! ►► http://bit.ly/2sEhxFD Disney LIED to You! ►► http://bit.ly/2C8BGaM How Star Wars Theories KILLED Star Wars! ► http://bit.ly/2ocnqVQ Like the theme song and remix for this episode? Thanks to CARF! https://www.youtube.com/user/carfmobile SOCIAL MEDIA: Twitter: @MatPatGT Facebook: facebook.com/GameTheorists Instagram: instagram.com/matpatgt
Views: 5260254 The Film Theorists
Four Horsemen - Feature Documentary - Official Version
 
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RenegadeInc.com brings you FOUR HORSEMEN - an award winning independent feature documentary which lifts the lid on how the world really works. As we will never return to 'business as usual' 23 international thinkers, government advisors and Wall Street money-men break their silence and explain how to establish a moral and just society. FOUR HORSEMEN is free from mainstream media propaganda -- the film doesn't bash bankers, criticise politicians or get involved in conspiracy theories. It ignites the debate about how to usher a new economic paradigm into the world which would dramatically improve the quality of life for billions. Subtitles available in English, French, Greek, Spanish and Portuguese. "It's Inside Job with bells on, and a frequently compelling thesis thanks to Ashcroft's crack team of talking heads -- economists, whistleblowers and Noam Chomsky, all talking with candour and clarity." - Total Film "Four Horsemen is a breathtakingly composed jeremiad against the folly of Neo-classical economics and the threats it represents to all we should hold dear." - Harold Crooks, The Corporation (Co-Director) Surviving Progress (Co-Director/Co-Writer) Follow us on https://www.twitter.com/Renegade_Inc on https://www.facebook.com/RenEconomist or visit our website http://www.renegadeinc.com Support us by subscribing here http://bit.ly/1db4xVQ
Views: 8204996 Renegade Inc.
Geography and Economic Growth
 
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If you look at the African continent, perhaps the first word to come to mind is "enormous." And that's true. You could fit most of the United States, China, India, and a lot of Europe, into Africa. But if you compare Africa to Europe, Europe has two to three times the length of coastline that Africa has. But what does coastline length have to do with anything? Well, coasts mean access to water. As benign as water might seem, it’s a major driver of economic growth. Adam Smith, the father of modern economics, argued that access to water reduced the cost of trade, and gave merchants access to larger markets. These larger markets incentivized specialization and innovation. These twin processes ultimately spurred trade activity, and consequently, economic growth. As an end result, civilization tended to grow wherever trade was easiest. If you want proof of this, think of a few major cities. Look at Istanbul, New York, Venice, Hong Kong, London, and similar areas. What do they all have in common? They all sit near a major coast or a major river. In contrast, look at some of the poorest areas in the world—places like Kampala, or Pointe-Noire. These places are all landlocked. Since goods are easier to transport over water than over land, trade in landlocked areas is more expensive. And what happens when trade is more expensive? It becomes harder to spark economic growth. What this all means is economic growth is not only affected by a country’s rules and institutions, but by a country’s natural blessings, or natural hindrances, too. The effects of geography on growth cannot be discounted. Macroeconomics Course: http://bit.ly/1R1PL5x Ask a question about the video: http://bit.ly/1QEP6wS Next video: http://bit.ly/1Q0UHtM Help us caption & translate this video! http://amara.org/v/HpAt/
Cryptocurrency Market Update Jan 20th 2019 - Breaking The Range
 
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Cryptocurrency Market Update Jan 20th 2019 - Breaking The Range In this week's cryptocurrency market update we look at all the latest news headlines for Bitcoin, Ethereum, Stock markets & more. Bitcoin & Altcoin charts remained range bound this week. Stock markets have been rallying since the FED backed off. With Bitcoin volatility at record lows, there's a big move coming. #Bitcoin #Cryptocurrency #News. 🎓 Join Nugget’s Crypto Community: https://nuggetsnews.com.au/nuggets-crypto-community/ Firstly, thanks for watching I appreciate your support! Please like, share and subscribe for more crypto news! 🎧 Nugget's Crypto Podcast Spotify: https://spoti.fi/2tGTfIb iTunes: https://apple.co/2lAGHyt 👫👭👬Socials Facebook: http://fb.me/NuggetsNews Twitter: https://twitter.com/NuggetsNewsAU LinkedIn: https://www.linkedin.com/company/NuggetsNews Instagram: http://instagram.com/NuggetsNewsAU Reddit: https://steemit.com/@NuggetsNews 📬 Nugget’s Weekly E-News: http://bit.ly/2MugCwj 📲 Contact Us: http://bit.ly/2tHKKwN 🇦🇺 Own Cryptocurrency in your Self Managed Super Fund https://newbrightoncapital.com/nugget ("NUGGET" When completing the application) 🇦🇺Australian Tax: https://cryptotaxaus.com.au/ Mention: 'Nugget's News' for discount. 🏦 Need to purchase/sell large amounts of crypto? https://calebandbrown.com/ (Discount code: Nugget's News) 🎤 Hire me to Speak: https://www.linkedin.com/in/AlexSaundersAU/ 👕 Crypto Clothing: http://shrsl.com/nf7o 🔐 Secure your crypto Ledger: https://www.ledgerwallet.com/r/f536 Trezor: https://shop.trezor.io?a=esyfabvzr6zu Ecomi: https://securewallet.shop/products/secure-wallet (Discount Code: NUGGET) 🏦 Some of my favourite places to buy & trade coins: Coinspot: https://www.coinspot.com.au?affiliate=YNV53 Bitmex: https://www.bitmex.com/register/NFIXYP Coinbase: https://www.coinbase.com/join/54152b230bf6fa71dd000002 Binance: https://www.binance.com/?ref=10788816 Binance EU: https://www.binance.je/?ref=35028437 KuCoin: https://www.kucoin.com/#/?r=188MQ Huobi: https://www.huobi.com.au/invite-success?invite_code=j4223 BiBox: https://www.bibox.com/signPage?id=11468551&lang=en EthFinex: https://www.ethfinex.com/?refcode=FJfGA79ciH The Chart Guys: 🎓 Crypto Trading Course: Discount code: Nugget10 https://www.chartguys.com/courses/crypto/?ref=5 🎓 Crypto Alerts System: Discount code: NUGGY10 https://crypto.chartguys.com?af=539351d975 Trader Cobb: Advanced Trading Courses: Discount code: TCNUGGET10 🎓https://www.tradercobb.com/cryptocurrency-education-courses/ Disclaimer: I AM NOT A LICENSED FINANCIAL ADVISOR. MY VIEWS ARE GENERAL IN NATURE AND SHOULD NOT BE TAKEN AS FINANCIAL ADVICE. ALWAYS DO YOUR OWN RESEARCH BEFORE INVESTING ANY MONEY.
Views: 3706 Nugget's News
The Economic Reset Will Cause Gold To Go Parabolic & Will Eventually Become Overvalued: David Morgan
 
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The Economic Reset Will Cause Gold To Go Parabolic & Will Eventually Become Overvalued: David Morgan | http://www.TheMorganReport.com David Morgan on the X22 Spotlight Some highlights include post Trump thoughts • Where is the economy headed? • What happens to gold and silver now! • Will the attitude change in America? • Leadership...??? I've Been Helping My Subscribers Weather the Current Economic Mess. Now I Invite You to Join My Growing Circle of Successful Investors. The Morgan Report is all about YOU and how you can build and preserve Wealth for generations to come. We know it can sometimes seem a daunting task to protect your assets and preserve or grow your wealth. Over 15 years ago, a small group of us started The Morgan Report and formed an exclusive membership organization to promote personal freedom, an honest money system, free market wealth accumulation and asset protection. Thus was born The Morgan Report - since then we've helped 11,000-plus members scattered over the globe in every continent and over 100,000+ e-newsletter subscribers have read our weekly e-newsletter -- This Week's View from The Morgan Report. Through our publication, The Morgan Report, we provide you with ways to achieve greater financial security and wealth in all sorts of environments. Please subscribe to this channel and share with your friends--- Youtube: http://www.youtube.com/user/silverguru Resources: Learn more and become an insider for The Morgan Report, click link below... http://www.themorganreport.com/join Automatically save in gold and silver. Plus you can make money when you promote buying gold and silver with this affiliate program: http://www.Silver123.net The Silver Manifesto: Buy the book to enhance your knowledge and investing skill. http://www.TheSilverManifesto.com Want or need to talk to David directly? Consultations available here... http://www.themorganreport.com/consultation Free weekly e-letter: http://www.themorganreport.com/joinfreelist Join The Morgan Report on our other social networks: Blog: http://www.silver-investor.com/blog Twitter: https://twitter.com/silverguru22 Facebook: https://www.facebook.com/TheMorganReport Still have questions? E-mail [email protected] What we do for you -- The Morgan Report is based upon your needs and involvement in the precious metals and resource sector. Because we cover far more than just silver anyone looking for insights, strategies, and profits in the resource sector have found the membership valuable. In a very general way TMR provides information on Money, Metals and Mining to maximize that 10% to 20% allocation to precious metals through maximizing the risk to reward profile. Our Premium Service is best suited to the serious and experienced investor that wants to look over my shoulder as I trade and invest in these markets. Watch a video about The Morgan Report https://www.youtube.com/watch?v=9hYjOWZEP0k
Views: 4900 The Morgan Report
Liberia's Oil, Diamond Resources Are Both Blessing and Curse
 
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The West African nation of Liberia is rich in oil, diamonds and timber, and these natural resources have been both a blessing and a challenge for the fledgling democracy. Special correspondent Kira Kay reports.
Views: 26754 PBS NewsHour

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