We ALL have felt the result of economic downturns / recessions or whatever the "clever" wants to call it. This very simple graph explains it all.
Modern Slavery
The topic of economic / market finances has been made difficult by governments for a reason. They don't want you and I to fully understand the system, and the subsequent flaws in the system all governments sell to the public. In fact, if you really understand the Kensian system, you might yourself define it as a modern type of slavery.
How the economic machine works
I am pationate about finances, more specifically personal finances and realise the importance of being financially educated to have a basic understanding of the financial system we live in.
Only if you understand your environment can you live and prosper within.
I came across the below illustrative video which does one excellent job of explaining how the economic system works. Educated with the basic information in this video, you will be able to make MUCH BETER FINANCIAL DECISIONS and hopefully sidetrap the pitfalls of a broken economic system that has cost too many a people, too much.
I don't take ANY credit for this illustrative video. All credit goes to its creator Ray Dalio.
Thanks so much Ray for compiling this video and subsequently educating me and others.
Future education
I do not have anything to do with the following blogs but would like to mention them.
The Dollar Vigilante also conveys quite a bit of information that will educate you in the flawed economic system. Join them at @dollarvigilante or its founder @jeffberwick