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anks make so much money because they can create money, effectively out of nothing, by lending. Every single pound in your bank account was created by a bank, not by your government.

A must see video

debt,crisis,capitalism,banking,recession,bank

Why do banks make so much money

0:02:51

What the impossible hamster has to teach us about economic growth. A new animation from nef (the new economics foundation), scripted by Andrew Simms, numbers crunched by Viki Johnson and pictures realised by Leo Murray.

the impossible hamster

Be afraid... be very afraid... I lived there for over a year and I can confirm that is exactly what its like! Not a MacDonalds or Starbucks in Tibet yet thankfully... hmmmm maybe its not in China after all?

China and the rise of consumerism

0:02:41

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