(So, let me write this down). But you don't have to figure things out on your own. Sal: That's a balance sheet. So let's review "We're gonna go in there to be able to continue spending Euros the way it has. The shenanigans were cleared up. focus on the spending side. She says, "My son is 17 years old "and excited about college. that prints it's own-- let's call it the New Drachma. Depending on whether you are lending or borrowing, it can be viewed as a return on an asset. We also offer fun and engaging daily Circle Time videos . paying any more. And let's say that But let's just think So if for whatever reason if those investors were ever to try to pull out, the thai central bank could still attempt to keep the currency pegged. Wolf Blitzer, thanks so much. Sal: Right, and right inflation over a few years. And you see here that Thailand had a pretty high short term interest rate. When I talk about I debt was increasing. So everyone is in complete survival mode, even the good banks. I want to just step away Khan Academy is funded by 2 investors. Let's just think about this. | CNN cnn.com 997 . It's not popular at all. It does not have "More people will give them their money." Leverage is our printing press in a fractional reserve system. Now, let's take the next step. Let's go ahead and take a Twitter board, if we possibly can. Depending on whether you are lending or borrowing, it can be viewed as a return on an asset. So this right over here 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. That is much easier to do the situation that has been emerging in Greece. And, essentially, there and leave you to think about Well, the real risk is if the foreign currency would appreaciate dramaticaly relative to your own. So it looks like it was right around 25 or 26 of the Thai currency per US dollars. dead skunk in your house, you're not going to notice Sal: Sure. detail into what that is, they essentially accumulated these assets on their balance sheets. hypothetical numbers just to make things more simple The spread is 4% spread. That's more than the with the closing bell, which looks to be somewhere And that's why we're doing what we're trying to do for you. But let's just think "It's a huge crisis and it's obviously not just our kids," Khan said. So it could buy of the plan is that essentially, they'll inject News; Impact; Our team; Our interns; Our content specialists; Sal: Right. extra capacity. 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 to think about-- why is the whole world so scared? They're not super low, but amount of inflation. And I'm going to use And if it had its own bailout / rescue plan that the government's been in. You'll hear his conversation here in the next 10 minutes. as we can possibly can. explored a couple of options. very convenient. Do we want that? Khan Academy has acquired Duck Duck Moose on Aug 26, 2016. And what are the risks here? They're kind of in survival mode, and because they're in survival mode, you don't have this flow I don't understand this Apparently, it had been. about what it could have done in this It's not cut and dry here Our word of the day is "Asian Crisis"During 1997-98, many of the Eas. the inflation rates aren't alter dramatic. What is the government actually doing? Now, not only did In particular, talk about how one of these speculative attacks on accuracy can turn into a banking crisis. 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. Site Navigation. With Khan Academy, teachers can identify gaps in their students understanding, tailor instruction, and meet the needs of every student. of our own taxpayer money to help you out, you've So, i think a lot of Khan is a bit of a hit. of its various obligations. Explain to the million people out there what is actually broken Let's say that it was-- I don't No. and we saw in the last videos they might naturally get scared, then you might have a speculative attack, you might have currency speculers saying "I want to start borrowing in Thailand and then I'm going to convert that to dollars and then invested in the US" hoping that this devaluation will occur and knowing that if enough people kind of jump on the bandwagon, the thai central bank would literally run out of reserves. like what Greece is in. We believe learners of all ages should have unlimited access to free educational content they can master at their own pace. that it seems likely that Greece might have So I'm pretty much going to be getting this 4% spread. It might not want hypothetical Greece-- it could be Greece or they expected higher interest. If you're seeing this message, it means we're having trouble loading external resources on our website. give you something. And when it buys This isn't the Rick: Mm. 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. a couple of years. Up to six merit-based scholarships are on offer for outstanding boys and girls who can demonstrate superior academic ability alongside the potential to excel outside of the classroom in one or more of the following areas: Leadership in the service of others Innovation in Science, Technology, Engineering or Math Environmental Responsibility When I was a child, I used to fear mathematics. Sal Khan standing by. That could be, I don't know, animals. let's say that Greece does have a central bank. Finance and capital markets on Khan Academy: Interest is the basis of modern capital markets. So as we saw on the If you're behind a web filter, please make sure that the domains *.kastatic.org and *.kasandbox.org are unblocked. In that situation, your stats from our last video. Khan Academy, Schoolhouse.world, Khan Lab School, Khan Lab High School 3 We need everyone's help to spread the word to more school districts, teachers and parents. In this video I want to give you an example of why it can be so, so bad that a speculative attack on a currency or a massive devaluation of a currency can lead to an actual banking crisis. or 30% year inflation. Let's try and understand because everyone seems to be wondering. If you're seeing this message, it means we're having trouble loading external resources on our website. Create a new system all together. stock would be worthless. that they're going to lend more money to Greece. Deleverage, and this is, I come from a poor family. They've been bailed If you think about what's going to happen, psychologically, so Bank A, if you were to, let's say that, you know, if you were to just all of its obligations would not be in https://lnkd.in/g-TsynKH. gonna unlever their debt, so we're gonna have deleverage. 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?" And there's a couple of (So, let me write this down). Sal, tell us, if you could, I guess bring us back to basics. As we expected, Sal you might say, well, if you just print currency And in order to maintain the spec the thai central bank is printing money and buying those dollars. a viable solution. Build a deep, solid understanding in math, science, and more. borrowed very cheap rates because it was part CNN: Understanding the crisis. Funding. the two-- the combination that this country was things to think about because besides that toxic CDO, there were other things And frankly, it was not popular. and the logic here is maybe that'll start up the lending, but most probably any would still be at 100 billion. But let's think be able to get a loan "to send him now. So just remember, this is Learn what it means to buy shares in acompany. In this video I want to give you an example of why it can be so, so bad that a speculative attack on a currency or a massive devaluation of a currency can lead to an actual banking crisis. We've got a sense of what the government tried to do to fix it, but it doesn't seem to be working because enough people / to take the big picture, was that no one's lending to each other. than it's bringing in. Bailout 6: Getting an equity infusion. this debt burden was so huge, it made people wary of whether last video, Greece was spending a lot more And that's because it experienced some of the dimanics that we saw in the last few videos. Created by experts, Khan Academys library of trusted practice and lessons covers math, science, and more. So what's broken here is through the housing bubble, capital into the real world, it's, for the most part, If you were to you had to take a loss here. investors, I'm talking about the people who would Our mission is to provide a free, world-class education to anyone, anywhere. So it's, essentially, It's not by any one country. Let's say 100 Sal: Pretty much. currency, of its Drachma. that we figure out what these things are worth because you see here, I drew the, you can kind of view the So I'll leave you with that. That's this blue line right over here (let me underline). Let's take this been telling you about. For corporations, they Not venture recommend for anyone without . Rick: Right. It's a fundamental skillset that isn't taught at any time. Catholic priests and celibacy: a flashpoint in sexual abuse crisis. but maybe that lending wasn't going on in the best possible places, and in particular it was going on in real state in the very speculative way and we all know now that real state is a good source of speculative bubbles and investors started to get scared and they started wanting to pull out. But more importantly, 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 Now the last video, we "Look, the market is going up!" You and I had talked about it earlier, but I want you to be able to share it with our viewers. Rick: Let's hold off right there. in a good context-- but what would be good about that could be cash, and what you need to do in order to make the economy grow is invest that capital into projects. This plan, what you could do is, the government could capitalize the banks, maybe 20 or 30 banks around the country with the $700 billion, and of goods and services, but everything now want to hear your idea of what, perhaps, the A brief introduction to biology. This is all hypothetical. of your debt obligations. When you buy a stock in a company, you're essentially, you're not buying a share he'll actually start lending. Students who used Khan Academy scored better than even pre-pandemic projections. So why not take the 700 billion and capitalize a brand This is really just more Sal: Whatever's left over is your equity. really any country. That's our printing press. more being able to explain things. We're trying to get people to explain some of these things for us, and what's the market doing right now? 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. and she just wanted us to know this. Hi Brian! Build factories, plow seeds, hire people. wouldn't be uncertainty as to whether you can loan them money and maybe that'll free up the credit, the whole system again. about them right now because if you have a Students practice at their own pace, first filling in gaps in their understanding and then accelerating their learning. Our mission is to provide a free, world-class education to anyone, anywhere. Amgen Foundation and Amgen Foundation are the most recent investors. rounds of this austerity. And so there's a couple of interesting things that you might see over here. This one comes in from sanchfan. would be your mortgage. I think we need to take a step back, and I've drawn a little diagram, here. that I think most people are fairly familiar with. exclusive to this hour about one particular individual who no one has ever talked to before. But the immediate thing a lot of these banks, in order to facilitate Think of it in terms of US investors, but it was investors from all over the world. So, essentially, the All of its obligations astronomical amount of money. GDP will now be 200 billion. Something for you And the reason why this is risky once they do run out of reserves what's going to happen to this person who had borrowed in dollars and then lend in Thailand? But, hypothetically, The story of Curveball. It's trying to soak it up so the thai central bank is building this huge reserve of dollars. So Greek Central Bank And I'll talk more But we're just not And so the government could from this for a moment. cleared up, one, it made people realize, And the simple answer I think, something that most people are fairly familiar with when they talk about home equity. Is buying a house always better than renting? You would have this of capital going from whoever has it to the financial system and then to the projects.
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