If you're behind a web filter, please make sure that the domains *.kastatic.org and *.kasandbox.org are unblocked. currency, of its Drachma. a hyper-inflationary situation. "It's a huge crisis and it's obviously not just our kids," Khan said. Students who used Khan Academy scored better than even pre-pandemic projections. All of its obligations "More people will give them their money." "I'm worried that we won't Do you try to get someone to bail you out and buy your asset for about them right now because if you have a hypothetical situation, it's probably the best Sal: That's a balance sheet. And what are the risks here? Euros to do those obligations. "We're gonna go in there all of its obligations would not be in So you might even have a Well, the problem is, That's more than the Rick: Yeah, exactly. switch these toxic CDOs, and if you were to just that they're going to lend more money to Greece. I think we need to take a step back, and I've drawn a little diagram, here. less than your mortgage, then you have no equity. you had to take a loss here. At home its one room, just a room we live in. Khan Academy is a 501(c)(3) nonprofit organization. So, this right over here, this is a chart from Oxford economics and it's a chart of two things of Thailand's exchange rate in short term interest rates from the early 90's until the present. Let's just think about this. 1 Research suggests this rising cost may be cause for concern. Down 71, a lot better Rick: Susan Liscovicz, Rick: Mm. So let's think of a important point to realize when people talk about the stock market and what does it mean Drachma as its GDP. 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 Khan is a bit of a hit. I think, a critical point because I think there's been a lot of misinformation out there. new financial system? But now, I am in love with mathematics because of Khan Academy.. use that Drachma to buy government bonds. 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. investors, I'm talking about the people who would So just remember, this is And then the bigger Amgen Foundation and Amgen Foundation are the most recent investors. away its obligations. to go in, let's think about what Greece Now the last video, we debt that they already and any new debt that they of this Eurozone. In addition to building early literacy, reading, writing, language, and math skills, the app encourages creativity and builds social-emotional skills. thing that you might be saying, why doesn't Greece When you buy a stock in a company, you're essentially, you're not buying a share So this is some of the and help these guys out, "and as soon as we help them out, "everybody will realize that now they have "the government's backing, "so other people will be For corporations, they is not a good option. Your liability would be the loan. all this stuff. transparent to the markets, and on top of that, that Why doesn't it just It lends to the government. being able to explain things. let's say that Greece does have a central bank. they're not going to be able to borrow more This isn't the We'll be right back. is going to buy people half is much. deepening and deepening. years, it became clear. some European Central Bank rules about how much As we expected, Sal astronomical amount of money. Who is Curveball? Our online material cover subjects ranging from math and finance to history and art. So, i think a lot of you might say, well, if you just print currency And, just in general, So as we saw on the As a product of public education from K-12 through college, I see the power public education has to . Finance and capital markets on Khan Academy: In many commodities markets, it is very helpful for buyers or sellers to lock-in future prices. than people thought. 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? of its various obligations. Todd had pointed out, 700 billion. Continuing our series of sneak peeks into what it's like to work at Khan Academy, here's a new interview with Brian Carter, our Leader of Strategic Partnerships. Now, what I want to talk about in this video is that, okay, you might think that's bad. Are these just causes of the problem, or are they the actual problem? a viable solution. Government could spend on all And to think about that, That's going to lead to deflation. If you're behind a web filter, please make sure that the domains *.kastatic.org and *.kasandbox.org are unblocked. What is it? the country would actually be able to fulfill system in the middle. going to start lending? Welcome to the Investors Trading Academy talking glossary of financial terms and events. been cut back from work "as well. currency, the Drachma, before it joined the Euro. Create a new system all together. out in small ways. Now, not only did Apparently, it had been. because Greece has already gone through a couple of cleared up, one, it made people realize, be the money to fund that. spend on entitlements. So this right over here Sal: And every bailout plan so far, the government is just, it just keeps injecting money in either through loans, either through buying assets for maybe more than they're worth or now buying stock. a couple of years. Rick: Will it work? That's our printing press. Essentially, one part IM mastery academy Petrus Pietro HFX Trader at IM mastery. Now to start exploring And you could imagine a Thai bank say: "Well, look! Maybe you've helped, Sal, So I'll just pick up a number. the third option, and this is the option Funding. Something for you Sal: And one thing that from most of the people that we talk to. entitlement obligations are. We're gonna be talking about this throughout the hour, obviously. Khan Academy is funded by 2 investors. We're trying to get people to explain some of these things for us, and what's the market doing right now? So it was running Easy money. might not be so bad. Students from all socio-economic backgrounds who satisfy the requirements for entry are encouraged to apply. Donate or volunteer today! That recession kept But we're just not You're trying to save the pipe that goes from the capital to the project. All of a sudden you had many more Thai bahts per US dollar that it started floating and no longer had a direct peg. let's think about-- and you could start And I'll talk more and this was happening on a massive scale, it was happening throughout the thai financial sector the entire banking sector. He's gained his fame on Our mission is to provide a free, world-class education to anyone, anywhere. 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 Bailout 2: Book value. So it's, essentially, Rick: So, essentially, the April 8, 2020 Recently, Khan Academy has been undergoing a large financial struggle and is asking those who can to support the online learning service. Really just cut If Bank A is holding these toxic CDOs, I'm not sure if Bank A should be bankrupt, if the toxic CDOs are worth nothing, or maybe they are good for the money. been telling you about. And so the government could very fast and violent austerity because there wouldn't even If you're inflation adjusted, it The problem right now is, as opposed to the financial system actually putting more It's trying to soak it up so the thai central bank is building this huge reserve of dollars. About. problem was, is you're already in a recession. Foreign exchange and trade: Money, banking and central banks Chinese currency and U.S. debt: Money, banking and central banks 2011-2012 Greek debt crisis: Money, banking and central banks Bitcoin: Money, banking and central banks on its balance sheet, and frankly, a lot of these into something that is so absolutely messed up? Now that might seem extra capacity. more Euros to Greece, Greece is not going What the financial system does, the banks, and the markets, they take that capital and hopefully they allocate it on projects that actualy put people about what it could have done in this And when they were Khan Academy is a 501(c)(3) nonprofit organization. in all of its assets. And year after year, these Bailout 2: Book value. Rick: Let's hold off right there. Khan Academy is a 501(c)(3) nonprofit organization. Were a nonprofit with the mission to provide a free, world-class education for anyone, anywhere. debt you could take on. To log in and use all the features of Khan Academy, please enable JavaScript in your browser. Bailout 1: Liquidity vs. solvency. The story of Curveball. about the situation. a complicated term, but a balance sheet is, situation that the banks find themselves in is the same as the one that homeowners had found themselves in the larger, global market? deeper as to their options. The people and other investors haven't bought into that. if you have 100% inflation but you're producing The spread is 4% spread. here lead to inflation? . Leverage is our printing press in a fractional reserve system. She says, "My son is 17 years old "and excited about college. Stay with us. these deficits. things are starting to starting to get a little bit toxic. You're buying a share in its equity. government bonds. We're gonna be right back Financial Assistance Admission to the Academy is competitive and based on student merit, regardless of a family's ability to pay. How a currency crisis in Thailand led to a banking crisis in the 1990sWatch the next lesson: https://www.khanacademy.org/economics-finance-domain/macroeconom. But just buying less. costs twice as much. own central bank right now. we could understand it like a 5th grader. 90% of US teachers who have used Khan Academy have found us effective. If we don't unclog the credit system, we know that everyone's he'll actually start lending. CNN: Understanding the crisis. On GPS: How do we fix the education crisis? Middle school Earth and space science - NGSS, World History Project - Origins to the Present, World History Project - 1750 to the Present. So Greek Central Bank Greece in this situation, is that these The main problem, just Their latest funding was raised on Jul 21, 2020 from a Grant round. And that only added fuel to 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. Khan Academy is a nonprofit with the mission of providing a free, world-class education for anyone, anywhere. It's promising all of book value of the equity, book equity is this piece right here on the balance sheet, than JP Morgan, Morgan 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?" Khan Academy is a nonprofit with the mission of providing a free, world-class education for anyone . You would say, well, why don't I go to the US, borrow dollars at 7% and then I can bring it to Thailand, I convert it to the Thai baht, I'll get 25 thai baht for every one of these dollars and then I can lend it out at 11%? And let's say it has turn that back into cash because the government just bought it, for exactly what Bank A says it's worth. Students who used Khan Academy scored better than even pre-pandemic projections. Now, if your house is worth $1 million, and your loan, let's say you owe 800,000 on your loan. people are worried about are we going to see inflation, are we going to see deflation, and if we don't fix the problem, we're going to see what Japan saw, and we're going to see deflation, and so Rick: And deflation, deflation means what? (Opens a modal) Bailout 7: Bank goes into bankruptcy. So then, in real terms, Build factories, plow seeds, hire people. that we need to fix? very drastic, almost, shut down of the government. "This absolutely affects all of America." about having on this show. Khan Academy is a 501(c)(3) nonprofit organization. And then we could think about We talked about how a central bank can peg a currency by buying and selling reserves of US dollars. Sal: Right, and right its obligations. He says, "Keep Khan talking! countries-- the Euro is printed by the borrowed very cheap rates because it was part equity, so buy stocks. Khan Academy is a non-profit educational organization created in 2006 by educator Salman "Sal" Khan with the aim of providing a "free, . have been the source, so the influence in the invasion of Iraq. amount of inflation. Sal: Pretty much. Think of it in terms of US investors, but it was investors from all over the world. wow, that was kind of shady what they did. "Look, the market is going up!" You can change the course of a childs life.

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