The governor of Korea’s central bank has warned against lowering interest rates… saying ballooning household debt poses a major threat to the economy. Ji Myung-kil reports. Mounting household…

A video looking at way you can’t simply print money to pay off debt. And what has happened when countries have tried to! And for that matter why a country ha…
Video Rating: 4 / 5

26 Responses to “Household debt most serious threat to Korean economy: BOK governor”

  • 〈--- Literally FAST food:

    Lulz thanks for mentioning Humgary. I feel proud of my country.

  • Mitjitsu:

    Governments don’t print money; they borrow it.

  • LordDoucheBags:

    What if you printed a crap load of money in your garage but you didn’t tell
    anyone and just spent it yourself? 

  • Lugiazul - Canal de Respaldo:

    Peso argentino, Argentina’s currency, is about to get into zimbawean
    currency situation. Inflation’s already making the 100 pesos, the highest
    denomination bill, literally worth nothing as we the argentain use it in
    everyday life as 10 dollars or so.
    The goverment’s printing money like crazy to pay off their bills with USA
    and such, situation’s pretty sad here.

  • Tim Atobatele:

    What if you were an American at the time and you moved to Hungary with one
    American cent? Would you be the richest person in Hungary?

  • Mark Bernal:

    What happened to the 2 dollar bill?…

  • Cooby Booby:

    Dude you make great videos

  • BEE T:

    i learned more from this video than from my economics class for a year

  • TJTgamingchannel:

    So if a country with hyperinflation would burns like 99% of the banknotes,
    would the banknotes be worth more?

  • Miguel Salazar:

    So, if I destroyed a dollar bill by, say, burning it for example, would I
    raise the value of everyone else’s dollar bills, even if it would be only a
    VERY insignificant amount?

  • Mac Plumber:

    This entertaining documentary film explores the history of banking, the
    selling out of the prosperity of Canada, the clearance sale of Canadian
    businesses and the political liquidation of public infrastructures to the
    multi-national corporate oligarchy. How has this led to the biggest
    economic crash / recession / depression in Canadian history? Could it have
    something to do with our politicians listening to international bankers and
    corporations instead of the people Canada? How does the Canadian banking
    system really work? How does the central Bank of Canada compare with the
    American Federal Reserve?
    This movie presents these issues that affect every Canadian from the
    perspective of and delivered by concerned youth in a astute and colourful
    manner. This is a serious journalism piece that asks the tough questions
    directly to such politicians. Oh Canada Movie – Our Bought And Sold Out
    Land – Full

  • Prince Prussia:

    What if you hold on to that 100 trillion ZBD bill and then when the
    exchange is normal again you have your money, can anyone verify that?

  • Just A:

    Ugh, I am happy that I don’t live in America, no one from China could knock
    in to my door and say: Hello sir, from tomorow your ass belongs to me.

  • Tzeen:

    What if you just printed money in secret, then gave it to another country?
    Nobody would think to account for inflation because a very small amount of
    people would know. Would this work?

  • MarlonBitoy:

    WY: One tenth..
    Me: Ok, ok it can’t be that bad.
    WY: …of a US Penny.
    Me: 0_o


    so IN THEORY according to this video, and according to economics, if the
    USA stops printing money and we burn every single form of currency in the
    country, except for a single dollar bill ($1), we can then pay off our debt
    to China, our debts in general, other countries debts, and even launch 100
    spaceships, because there will be less quantity of the US dollar so its
    value would increase around the world.

  • TopCuber:

    8:00 Oh God, I have banknotes worth 8000000000000000000000000000000000
    pengő-s :D 

  • Ivaylo Major:

    I know this is maybe stupid – BUT WHY THE GOVERNMENT FORBIDS PEOPLE TO RACK
    that way ?

  • Mark Alan:

    What’s striking to me… When Zimbabwe’s Fiat currency collapsed, Zimbabwe
    started using another Fiat currency, the U.S. Dollar, as well as a few
    others. Wonder how that will turn out

  • Darkparatroopa:

    But money really does grow on trees… Paper is received from wood and is
    used to make notes :D
    Hahaha, just kidding, good job with all your videos so far!

  • Daniel Lugo:

    Actually the USA print money to pay off debts…

  • LithzIII:

    Solution for Zimbabwe, each person has a device with a screen, with real
    time update.

  • revin hatol:

    6:14 – Fact: Zimbabweans also use the South African rand, Botswana pula and
    the Australian dollar.

  • mtkl23:

    so what if those leafs are coca leafs? :D 

  • Hmraja:

    In Islam you are not allowed to accept money that has no intrinsic value,
    and only the gold dinar and silver dirham were accepted as currency, things
    like paper money would otherwise make you end up like Zimbabwe.

  • knight@asceticism.puckered” rel=”nofollow”>.…


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