Thanks Morning Brew for filling my 🧠 on the daily - sign up for free here bit.ly/mbordinarythings
@recitationtohear3 жыл бұрын
#hi
@mewmewkissycutie10283 жыл бұрын
Do I get daily coffee
@amq67633 жыл бұрын
Love your videos
@jcpoppler25203 жыл бұрын
Man keep making this gold. Honestly man sometimes I get really down, hard to laugh but I remember one time I saw one of your videos and I got a genuine laugh. And your stuff with internet historian lol. Cheers brother
@UltraUnstoppableUnavoidableU.3 жыл бұрын
@@mewmewkissycutie1028 maybe
@coverage0223 жыл бұрын
The acoustic rendition of “Barbie girl” is such a god damn genius addition with the layers of plastic metaphors on top of an episode about credit
@essee32223 жыл бұрын
Its fantastic
@TheMauri04093 жыл бұрын
🤣🤣 as soon as I heard it, I searched the comments
@mrurquhart91383 жыл бұрын
Here's a link to the song if anyone is interested kzbin.info/www/bejne/j3_QZHqdq5VkhNU There are plenty of other Bardcore covers of many popular songs if this sort of thing takes your fancy.
@WJB993 жыл бұрын
Heard it immediately, and was singing to it in my head 😂
@murlocholmes46843 жыл бұрын
@@essee3222 turns my bank to plastic
@daleburgess62233 жыл бұрын
Pleasantly surprised with your rendition of "Ye Olde Barbie girl" as a historic backing track. This is the good shit we keep coming back for
@trentonmcconnell19973 жыл бұрын
Came here to mention it lol
@pj96153 жыл бұрын
kzbin.info/www/bejne/j3_QZHqdq5VkhNU
@Weisz3 жыл бұрын
“You carry clout” may be the best slogan I’ve ever heard 😂
@greendude04203 жыл бұрын
How could I carry any debt when I’m carrying clout 😂
@gggg-hq4td3 жыл бұрын
@@greendude0420 Statistically you have two arms so you could
@VasileiosNikolopoulos3 жыл бұрын
Louis what are you doing over here. Go make videos
@skprog3 жыл бұрын
Sounds like a STD man my ex gave me clout. That was a rough month
@malum94783 жыл бұрын
@@skprog what are you: 40?
@bobothehippo3 жыл бұрын
That's nuts how they had cameras to film all that back in Roman times, even if they were only in black & white.
@somusai3 жыл бұрын
I know right
@yoman94463 жыл бұрын
lol u stoopid they didn't call them cameras back then
@yeetboi2683 жыл бұрын
they are Romans, ofc they have the technology
@average-neco-arc-enjoyer3 жыл бұрын
@@yoman9446 well the people drawing each frame of that anchent film would like to have a word with you
@FurTip3 жыл бұрын
I'll admit, he had me for a second there.
@mineno1fan3 жыл бұрын
Between you and the internet historian it's a rare treat when I get to see a new upload! Love your stuff!
@migueltoro26573 жыл бұрын
Both are so awesome in their respective fields, love them
@mineno1fan3 жыл бұрын
They know how to spin gold on KZbin lol
@lopo67523 жыл бұрын
@@mineno1fan right been a good week for uploads
@ravenkarlin3 жыл бұрын
In words of IH himself, “He doesn’t post on the main channel anymoooooore!”
@soupisfornoobs40813 жыл бұрын
Wait WHAT, IH UPLOAD?! I checked, no :(
@truecrimeradio14883 жыл бұрын
I worked as a debt collector for a few years for one of the credit card companies you mentioned in this video and man it's terrible. Just about every collections department anywhere offers commission based on how much debt you collect so you're incentivized to treat every client as numbers instead of people. You mentioned in this video that most people rack up debt because of life's emergencies causing missed payments instead of reckless spending and you're 100% correct. Hearing stories about how loved ones died jobs were lost card members got cancer or other permanent illnesses and after all that you're expected to convince them to pay you money they don't have it's a sad industry.
@BlackWolf2072 жыл бұрын
“Hearing stories about how loved ones died jobs were lost…” did all that stuff happen or are you sure people wouldn’t just give any excuse to get out of paying debts?
@truecrimeradio14882 жыл бұрын
@@BlackWolf207 Both some were definitely trying to avoid paying but many you can hear the genuine pain in their voice. Often we even had a department verify if the information was true.
@kaiserkrebs66312 жыл бұрын
Ahh jeez but i got in a car accident ahh jeez i spend money on deez pills man i cant pay 300 dollaz
@Bushdid7eleven2 жыл бұрын
So you made money off people exploited by massive banks. So sorry to hear your story.
@mookinbabysealfurmittens2 жыл бұрын
@@Bushdid7eleven "Used to." Ye of little faith. Heh nah, I'm wondering what it takes for a person to work a job like that (even to start, much less carry on). I'm hoping they left that vampiric place and have been making up for their soft cannibalism. ...OP...?
@inconido75963 жыл бұрын
damn didnt know cameras at the mezapotamian times were that bad...
@moondog97173 жыл бұрын
Yeah, and their wall manga fucking sucks too
@Cheerful_Ox3 жыл бұрын
Waiting for a woooosh
@nykom3 жыл бұрын
Gold is the money for the kings Silver is the money for the nobility Copper is the money for the people Debt is the money for the slaves
@RillianGrant3 жыл бұрын
Nah it's Det wot other people owe me vs debt wot I owe other people
@masterofegg89503 жыл бұрын
Dirt is the money for the worms
@Nathan-Higgers_133 жыл бұрын
Bitcoin is the money for emperors
@bbqbunger23503 жыл бұрын
Dogecoin is money for the dogs
@SnailSlugSlut3 жыл бұрын
Gotta chase that clout!
@pablobronstein12473 жыл бұрын
I remember my grandfather telling me when he was on a business trip to US from Yugoslavia he stayed at a fancy hotel and paid in cash. They looked at him like he was a leper and avoided him like the plague. To make interactions with people easier he was practically forced to use credit card.
@fluffynator62222 жыл бұрын
Wtf... XD
@PALACIO2542 жыл бұрын
I live in the US and sometimes get that because I only pay with cash
@nenekotan2 жыл бұрын
Not surprising to be honest. Credit cards nowadays means you are traceable, and also creditable for extras like the mini bar which means reduced risk for the hotel. Using cash can be an indication that the money is not completely legal/untaxed and might actually force the hotel to do extra checks.
@djocharablaikan86012 жыл бұрын
@@nenekotan hotel is basicaly a police/fbi branch with beds these days.
@AA-hg5fk2 жыл бұрын
Same in NZ, I went there as a tourist (pre covid) and everyone pays for everything by card, even paying for a drink in a bar with cash seemed odd to them.
@ruileite26343 жыл бұрын
The most mind blowing thing in this video was hearing the world "clout" in an old timey credit card commercial
@yaboichipsahoy82603 жыл бұрын
For real I had to check the comments to make sure I wasn’t the only one thinking wtf
@grayzelfx3 жыл бұрын
Same!
@Skag_Sisyphus3 жыл бұрын
Wait, that was actually in the commercial? I thought he added it for a joke
@froderickalabaster3 жыл бұрын
damn i’d hate to be there when someone calls you an old timer when youre 40
@thejason7553 жыл бұрын
Even back then people were chasing clout
@camelloy3 жыл бұрын
I legit can’t pay attention to this while “I’m a Barbie girl” is the fucking background music
@XDevonBueno3 жыл бұрын
Me either lmao
@nuncio213 жыл бұрын
I thought I was the only one 🤦🏻♂️
@ShaneSchofield523 жыл бұрын
Is this what true suffering feels like?
@veryfrozen32713 жыл бұрын
Im just singing the song in my head
@greendude04203 жыл бұрын
First to say same cause I was also distracted, and wasn’t it like a medieval cover?
@MsEsquire83 Жыл бұрын
I started my legal career in 2004. By 2007 I handled solely bankruptcy and SSA disability clients - it was disturbing how many bankruptcies I handled between 2007 and now. Many people are still greatly affected by the recession. It’s was traumatizing and horrid to watch these people suffer, but I did the best I could to try to ease their pain. I’m disgusted by the companies and political figures who contributed to that nightmare. People lost more than money and things due to it all… it was and will forever be heartbreaking to me.
@DeezNutsOvaYoFace Жыл бұрын
And none of the people who were directly responsible for the recession went to jail apart from that one guy who became the scapegoat for the entirety of Wall Street and political class of the West. And it’s gonna happen again, and again, and again, the core of the system requires it to happen in cycles.
@pointfrogg Жыл бұрын
Hard agree, I think a large part of todays current homeless/mental health crisis is from yesteryears robbery of the life savings and security nets of millions of people. Some were able to recover, some were able to make it work and some were just barely able to survive.
@PapaFlammy693 жыл бұрын
Just now finished the video. What a great fkin episode my dude
@mrhappy56953 жыл бұрын
It 26 min video but came out 21 minutes ago my KZbin says... you're quick bro
@Giogro3 жыл бұрын
@@mrhappy5695 papa flammy :)
@evolvinggenius1983 жыл бұрын
it's papa flammy ayo
@SnailSlugSlut3 жыл бұрын
Got an ad for Citibank…irony
@AlexPlazas3 жыл бұрын
I enjoyed it too papa
@SjWhit3 жыл бұрын
If "Flick the bean into your morning routine" isn't Morning Brew's new catchphrase then I'm not downloading it.
@somebonehead3 жыл бұрын
*brewtine
@Confusion.and.Delay...3 жыл бұрын
It’s a clitorisk their willing to take.
@thejason7553 жыл бұрын
Its not an app, its a newsletter delivered direct to your email inbox. That being said, i subscribed to it when ordinary first shilled for it. Its not bad, its another take on the news i wouldn’t get from a bigger news outlet and thats always beneficial for being news-media-literate.
@thejason7553 жыл бұрын
But yeah, they need to make that their tag-line.
@mr.pavone97193 жыл бұрын
It was so funny I barely cared it was an ad. Not like that Internet Comment Etiquette dross.
@johnr80133 жыл бұрын
I'm sure in your research you probably found this info but since it was a long vid it didn't make the cut, but I always found it crazy how banks used to set up tents at colleges and offer students free swag and gift cards to sandwich shops to get them to sign up for credit cards. It caused a lot of students to go into even more debt than they were already in because they didn't know any better and they got these cards and just thought they didn't have a set time frame to pay it back. Lots of interest that I'm sure parents had to bail their kids out of. (Just me simping for Ordinary Things) You're one of the few people on KZbin still making great content and I thank you for it!!! :) I can't support you via Patreon because I have student loan debt but I don't skip your ads and I always share your vids with my friends and family.
@goblinplaysit22892 жыл бұрын
Yep - at my school, it was a free Domino’s Pizza if you signed up for a credit card. In the whirlwind of orientation, clubs, frats, and freedom, they got a lot of students.
@AquaCrystalOrb2 жыл бұрын
Banks are so eager to give you credit cards that a woman at one bank tried to convince me to sign-up for one while I was under age until I informed her I was only 16. I blatantly looked underage (there with my mother and everything) but it was only when I stopped her that she realised she was so desparate to get me on the debt train she didn't even stop to think I probably wasn't even old enough...
@maskettaman14882 жыл бұрын
Simply signing up for a car made the students go in to debt? Not their reckless spending?
@AntonTheDon2 жыл бұрын
@@maskettaman1488 i think the idea is when you are drunk your impulse control goes with you so the presence of a credit card makes you have the ability to put yourself in debt then forget about it, although I do agree its just part abd parcel with the idiocy of alcohol consumption that happens in campuses
@menthols46252 жыл бұрын
College students didn't know any better. Thats their own fault. Money management and interest needs to be taught in High School.
@RockOverdosed3 жыл бұрын
David Graeber's "Debt: the first 5000 years" is a great book on this topic, a history of economics basically. Till the 19th century, debt was actually the main way regular people traded between themselves. You would rarely pay with coin at the local grocers'. Direct barter, where you exchanged nails for goats would never happen. People just remembered who owed what and when the harvest came or you slaughtered a pig, you remembered to pay back that neighbor that gifted you a pair of boots that one time. Coin was only invented to pay taxes to a state, you would rarely use it in day to day life, and there wouldn't be enough metal to go around for daily transactions.
@abyssaldision82723 жыл бұрын
King shit i love Graebar I need a copy of bullshit jobs
@vizziiiiob3 жыл бұрын
Yea it's pretty funny that educated capitalists think that people in feudal Europe(or any other time without money) would wake up every day and exchange some of their belongings or skills for bread and the whole economy was some fucking item-transaction circus.
@mbern45303 жыл бұрын
I'm currently reading a history book on Persia and they are the ones that invented coins for exactly the reason you mention, to gather taxes from their people.
@youngthinker12 жыл бұрын
@@vizziiiiob I believe that to be a bit too idealistic and narrow to attribute that to only capitalists. I'm fairly certain most educated folks tend to believe the time prior to the industrial revolution consisted of plague, famine, filth, and disease with little economic activity outside of government transactions. Shoot, modern teachers focus solely on government transactions, not on day to day living, so that would color how folks view things.
@youngthinker12 жыл бұрын
I believe most education focuses on the large transactions, such as military or state activity, over small transactions. Hence, when you hear a king paid his soldiers in coins, you do not think twice about it. In such a manner, I believe most soldiers ended up struggling unless they found a wealthy merchant capable of translating the worthless coin into something more prudent such as food, land, or equipment.
@Huggbees3 жыл бұрын
The ending was really upsetting. Jesus christ.
@DoctorSwellman3 жыл бұрын
same
@SnailSlugSlut3 жыл бұрын
Art imitates life.
@A_Casual_NPC3 жыл бұрын
Meh, I'm used to ordinary things giving me an existential crisis with most uploads by now.
@FinesseMusicOfficial3 жыл бұрын
So Andrew when is Ordinary Things coming on the Official Podcast to defend himself?
@ferench11453 жыл бұрын
I guess there seems to be no good ending when it comes to credit cards
@TheMacroShow3 жыл бұрын
Damn, that Bernie clip. Regardless whether or not you agree/like him, that man has always been consistent
@PixelLife1013 жыл бұрын
Well he was good but he's fully lost it to the far left
@GamingXpaul2K103 жыл бұрын
@@PixelLife101 He's literally the same as he's always been.
@lalalalalalalala7803 жыл бұрын
@@PixelLife101 literally been preaching the same things as he is now. are you perhaps just regurgitating some slogan you read on a political subreddit or facebook group? I would love to take back my words if you show me proof though, if you can find any
@rogerhank73143 жыл бұрын
@hey it's pete imagine thinking wanting to improve quality of life as "shitty"
@chronovore72343 жыл бұрын
@An Equal to be fair multi billionaires are much more common these days and the amount of tax they pay is a joke. It’s like filling a bath tub from the ocean, they don’t even notice.
@clownfromclowntown3 жыл бұрын
I absolutely love the calming rendition of “Barbie girl” playing in the background
@5h4ndt3 жыл бұрын
That was so distracting. Was singing along in my head :/
@UmbreonxUmbreon3 жыл бұрын
Right lmfao I’m like wtf
@4starwars3 жыл бұрын
I was surprised how quickly I realized Barbie Girl was playing…
@Express0Entrance3 жыл бұрын
i was just about to comment that
@kinseren3 жыл бұрын
I can't even concentrate on the video, barbie girl is just playing loudly in my head
@hemidas3 жыл бұрын
“We buy things we don't need with money we don't have to impress people we don't like.” ― Dave Ramsey
@Willie67853 жыл бұрын
isnt that a quote from fight club lol
@chaosax0lotl3 жыл бұрын
thats a shit quote
@email50233 жыл бұрын
@@chaosax0lotl How so?
@matt.1082 жыл бұрын
@@email5023 someone that says “that’s a shit quote” is on baby step negative 5😂
@shadymcnasty59202 жыл бұрын
That's fight club
@Dapperganger3 жыл бұрын
Proud owner of the title of "Deadbeat" for always paying my card off on time every month. Even more negative points because I pay in cash so often. Spend wisely gamers.
@baconsir11593 жыл бұрын
I'm in a pretty similar credit card situation, but I was duped into a semester of college before realizing I absolutely didn't need it. _Sooo_ glad I went to that "good" college that taught me almost nothing and put me 10k into the hole before I even turned 18.
@Dapperganger3 жыл бұрын
@@baconsir1159 College is definitely not for everyone, and the sheer amount of marketing that "you have to go to college or else you'll be a homeless drug addict" which has ingrained itself into the public conscious of Americans is one of the biggest long cons ever. Universities of course wouldn't let anyone realize there are great alternatives such as taking up a trade or going to community college before transfering for a full degree to save a big chunk of change. Glad you realized it wasn't for you before you got any further down the debt hole.
@ffnovice73 жыл бұрын
@@baconsir1159 go into trade, community college, computer science certs, engineering, or military. Way better than 98,000 dollars of debt and rising
@Insky_3 жыл бұрын
@@Dapperganger the thing is, that consciousness is everywhere, not only in America...
@Dapperganger3 жыл бұрын
@@Insky_ Fair enough, but as an American I can't speak for any other country than my own. I'd assume the situation is similar in most of the Western world but I don't have evidence to back it up.
@ryanh36353 жыл бұрын
When I turned 18 I got access to some money my grandad saved up for me. I was dumb and just got friends that were just like me. So I had fun with it, spunked it all away. I was scared to tell my mum how irresponsible I had been. I ended up breaking down and 'confessing.' She wasn't mad. She said I had learned a lesson, and that I had spent what I had and there was nothing left. Then she said: "only ever spend what you have, never get a credit card." In subsequent years I found out that after my parent's divorce she basically lived credit card to credit card, even borrowing money from friends, just to not let us notice that things were different at Christmas. She's now payed off a mortgage by herself.
@captainanus81313 жыл бұрын
Ultra chad mom
@Mayhzon3 жыл бұрын
@@captainanus8131 His mom has more balls than many a man.
@aidancollins15912 жыл бұрын
Okay, but you should still own a credit card. Even if you want to pay for everything in pounds, put some kind of consistent spending you do every month and pay it off on time like a Netflix subscription or Petrol costs to build credit history. You need good credit history in order to access any kind of loan, good places to rent, and jobs that require handling money.
@lego007guym82 жыл бұрын
@@aidancollins1591 Never.
@aidancollins15912 жыл бұрын
@@lego007guym8 Perfectly fine, just understand that you won't be able to participate in legal wealth generation in this society. Be it through a small business, a house you own, or anything related to a bank. It's a rather low risk activity to do what I mentioned above and the flippancy which commenters suggest to never own a credit card is concerning.
@zelp31642 жыл бұрын
You might be interested in doing a video on urban sprawl and car dependent infrastructure. It'd be perfect for your casually delivered horror stories of human design.
@lelandshennett3 жыл бұрын
“That’s when thing get a little staby” Human history in a nutshell
@hodarov15643 жыл бұрын
Now things get shooty too
@ludovicodemolina3 жыл бұрын
add nationalism and killing heretics, that about covers it.
@sirnikkel67463 жыл бұрын
@@hodarov1564 And zappy!
@joshuacorbin2212 жыл бұрын
And just like that, the vikings found a civilized way to settle accounts... by stabbing each other on an island, one duel at time.
@joshuacorbin2212 жыл бұрын
@sir Nikkel get the flamer, the heavy flamer
@MLaserHistory3 жыл бұрын
Am I the only one who started singing come one barbie let's go party in their heads or is it just me?
@sarahutchinson95263 жыл бұрын
Same! Haha
@MrAngelos0063 жыл бұрын
you mean out loud ? :D
@Poopdahoop3 жыл бұрын
unexpected M. Laser appearance!
@Whazzar3 жыл бұрын
Only so much that I couldn't follow what was being said and had to rewind
@themasterofmastery44043 жыл бұрын
Me too bro
@YourLordMobius Жыл бұрын
I love being in the left half "deadbeat" category. I never run my cards up and always pay them off. It makes me proud to know my credit company probably hates me and doesnt make a dime.
@ComicalRealm3 жыл бұрын
"He who controls the money supply of the world controls the world" - Fred Flintstone
@IHTCAU3 жыл бұрын
BASED FRED?!
@lazergurka-smerlin65613 жыл бұрын
Wait, does fred even have money as a concept?
@notsojharedtroll233 жыл бұрын
Daddy JPOW yess🗿🗿🗿
@nataliekennedy46463 жыл бұрын
Indeed
@pallasathena15553 жыл бұрын
“What are they betting with” “The only thing they have, years of service”
@sunflower-Sept320223 жыл бұрын
What is this from?
@Ronen11663 жыл бұрын
@@sunflower-Sept32022 Pirates of the Caribbean 2
@jbmp13903 жыл бұрын
Bro I can't believe that "Clout" commercial was actually real. That shit reads like straight up satire/parody. Great video as always 😁
@douglasgraham14853 жыл бұрын
I just want to say I like and appreciate seeing youtubers display and cite their sources.
@gregorymccoy67973 жыл бұрын
Quite right, Sir. This avoids the temptation of anal elocution.
@bodaciouschad3 жыл бұрын
@@gregorymccoy6797 I like your funny words magic man.
@nataliekennedy46463 жыл бұрын
But it’s true why do you need souses it isn’t Science it’s fact
@robertgonzales84783 жыл бұрын
The Barbie girl classical music in the background made me laugh really hard, in fact the semi classical ambience to your videos provide a comfortable video to watch
@mrdee24542 жыл бұрын
We need episode on student debt. This was awesome
@OrdinaryThings2 жыл бұрын
100%
@oafkad3 жыл бұрын
Honestly ever since I paid off my student loans I've been vehemently against debt. While I'm still a bundle of anxiety I've become a much smaller bundle of anxiety. I don't think people realize just how emotionally crippling it is. Every job being the only thing between a person and homelessness because the collections people will come for them.
@lazergurka-smerlin65613 жыл бұрын
Remove debt
@-xirx-3 жыл бұрын
What is this "paying off" a student debt you speak about? 😉
@dylanpresidafonseca25453 жыл бұрын
Without debt you'd absolutely cripple the economy.
@NecromancyForKids3 жыл бұрын
A job is usually what's keeping someone from being homeless, though.
@okandokandsson20783 жыл бұрын
@@dylanpresidafonseca2545 seems like a bad economy, If that's what we got!
@TheBigNoob3 жыл бұрын
I like how the voice over for his mid-video ad was not quite long enough. So, he slightly stretched it, so it would meet the time requirment in his contract, but also very slightly deepened his voice. Chef's kiss.
@PenguinLord103 жыл бұрын
Oh is THAT why it was deeper? I thought there must have been something wrong with my speakers.
@nicholaspalacio96722 жыл бұрын
@@PenguinLord10 okay I thought I was going nuts when I noticed his voice going deeper. This explanation is hilarious and makes sense
@tackogronday2 жыл бұрын
Ty for teaming up with the internet historian. Otherwise I never would have found your channel. Funny vids presented in an informational way, commentary is relatable... I really like your channel. Time to watch every video you've posted lol The only KZbin so far where I did t mind sitting through the paid promotion too. Keep it up!
@sarahwarnock27073 жыл бұрын
As a kid I remember my parents filing for bankruptcy twice bc of credit cards, all the while crying and wondering what had happened. They tried to be careful but they kept getting caught in that debt cycle. It was so sad to see and as an adult I wish I could go back in time and tell them that they weren't stupod ir lazy, they were mislead ☹
@esmeecampbell7396 Жыл бұрын
That's the thing though, they were stupid. You pay it off in full. You don't buy what you can't afford. That isn't mislead (unless they were being charged fees not listed in which case they could sue)
@og_paulsack Жыл бұрын
Yeah they sound a bit “stupod” ngl
@codelion3496 Жыл бұрын
def. stupid ngl
@FoobarSG Жыл бұрын
Ahhh….the victim mentality! 😂
@noriantiri9310 Жыл бұрын
@@esmeecampbell7396then why does the system allow you to do so? This situation is fully expected by the banks, it's downright predatory
@him_That_is_me3 жыл бұрын
Very good video. Depressing as all fuck but that's why it's a very important topic to cover. Also very fun to see millennials going into their third "once in a lifetime" economic crisis.
@perryjohnson6461 Жыл бұрын
16:58, I think it’s important to note that American Express actually kicks you off if you miss too many payments. They make the majority of their money from annual card fees, not late fees.
@oceanwater68873 жыл бұрын
I hate how we’ve been repealing regulations passed after the great depression meant to prevent the rampant deregulation that caused the great depression. We faced economic prosperity following that period for half a century and like a dieter grabbing a donut because they’ve been good that week we’re weakening our institutions meant to guard against corruption and greed.
@LexYeen3 жыл бұрын
"Look at how much money we're making!" "Why are so many people homeless?" "...Look at how much money we're making!"
@awadafuk48633 жыл бұрын
‘We’ is politicians in the pockets of corporate donors, not the man on the street.
@lightningstrike46803 жыл бұрын
i don't believe the laws mentioned in this video repealed laws against mortgage backed securities or sub prime loans since those have been a thing for a long time. Also i'd hardly call the era between the 50-90's an era of prosperity as there had been many recessions between, declining purchasing power, and "wage stagnation". I'd probably change that window to the 70's to modern day as there is a stark difference between that time period and the period between the late 40's to late 60's.
@Lolek0801953 жыл бұрын
But it was the regulations that started the financial crashes, especially the Great Depression, just to mention the tax tariffs that directly caused the stock market crash after the law was introduced in American Parliament. Great depressions followed an era of increasing governments oversight in the market, that continued to be passed in the USA and prolonged the depression well into WW II
@Lolek0801953 жыл бұрын
Not to mention, that the prosperity in the fifties you mentioned was proceeded by major DEREGULATIONS of the market.
@ripper66243 жыл бұрын
Is it bad that I'm focusing more on learning about your method of presentation and less on the actual topic of the subject? I really love how you explain everything in your own way.
@VonRibbitt Жыл бұрын
Yes
@yugiohcards_in_my_rari Жыл бұрын
Uwu
@ondrejkrupicka2325 Жыл бұрын
Very bad
@kiwitrainguy9 ай бұрын
Perhaps you are turning in to a KZbinr.
@SatanasExMachina3 жыл бұрын
16:08 NGL, the one thing I didn't expect to do today was enjoy being called a "deadbeat", but in this context it feels surprisingly good.
@unteroffitzierschultz42883 жыл бұрын
I pride myself in being a "Deadbeat". :)
@pIacebo3 жыл бұрын
Ohhhh yeaahhhhh
@bananacat31093 жыл бұрын
One of the most rewatchable youtubers has uploaded once again!
@durrbill3 жыл бұрын
your videos are actually so well done and fascinating, thanks for providing such quality content
@Titantitan0013 жыл бұрын
You know how many people say “i love history” but don’t know anything like this. Or anything that happened with the culture industry overall. Hopefully your channel makes that type of information more important to learn to people. A shame people can sit around arguing about ideologies and propaganda when there is actual issues they should be avoiding. Cough cough credit cards etc
@JetJockey873 жыл бұрын
I had a buy now pay later ad on this video, run by Australias biggest bank. They're ditching credit cards and shifting into buy now, pay debt off continuously cards.
@bimey3863 жыл бұрын
Bruv you know how much history there is? I’m sorry for being interested in certain things from the past but not knowing about the history of credit and it’s role in the fucking Roman empire
@Titantitan0013 жыл бұрын
@@bimey386 you better be sorry mate
@carloscjr233 жыл бұрын
Well, politicians are in bed with the bloody bankers, so its kinda the same.
@jord191003 жыл бұрын
not that much new info. pretty much a basic intro to economics.
@ixl911ixl3 жыл бұрын
If Morning Brew doesn't adopt, "Flick the bean into your morning routine with Morning Brew" as their new slogan, they have no sense of marketing.
@ItsJustElenore Жыл бұрын
Love how those old credit card ads are basically just telling you to "treat yourself" as if it's not just your own money (+interest!) you're spending.
@coinfrog25663 жыл бұрын
Master card really missed an opportunity 'MasterClout"
@sloesty3 жыл бұрын
I still cannot get my head around this as a central european. Everyone I know here saves money and unless you are poor (at which point you get financial aid), you only rly buy things with money you've saved, rather than go in debt and pay back the debt. Noteable exceptions are houses, but those work different, after you can already sell them back after 3-4 years.
@kauswekazilimani37363 жыл бұрын
I understand what you mean. We still have a cash economy. Debit cards are more common than credit cards here.
@anmolpatel7933 жыл бұрын
Current economic order is built on top of Americans spending and then selling bonds of their economy to finance their spending hehehhee
@kauswekazilimani37363 жыл бұрын
@@anmolpatel793 A vicious cycle lol
@larsonracies86363 жыл бұрын
The main source of it is education. Americans in poorer areas receive less education, less financial education, and less aid when it comes to income overall
@12ealDealOfficial3 жыл бұрын
@@larsonracies8636 Not just in poorer areas, but now there are acting lobbies attempting to lessen educational standards even further in all public schools, beginning in California within the last year. Aid isn't an issue as it is built on debt and interest, and government aid can't meet the costs associated with for profit colleges. It's easy to go to a trade school and come away in the green with no cash paid for a certificate (I did it twice using a combination of Hope and Georgia's Zell Miller Grant). In my mind, the terminal debt crisis begins with a lack of quality education on credit. I never learned any of what was in this video in public school, trade school, or college, but was instead fed over 100 credit hours working on my BA about cultural studies. Even after completing my B.A., I was left without any specialized knowledge which would help me get a job in my chosen profession, like software skills.
@lucyintheskyye2 жыл бұрын
Well that was quick. I've finished your entire catalogue. Looking forward to future content!
@Indigo_Gaming3 жыл бұрын
Shya, like I'd listen to Stede the Pirate about CREDIT cards!
@giovannicervantes20533 жыл бұрын
yes
@RabidlyTaboo3 жыл бұрын
I'd prefer credit YARRS! I will see myself to the gallows.
@connormccarthy27453 жыл бұрын
STEEEEEEEEEED
@yukaroj3 жыл бұрын
@@connormccarthy2745 crap, beat me to the punch!
@legateelizabeth3 жыл бұрын
Is... is that a harp cover of "I'm a Barbie Girl" in that first segment about Sumeria?
@dust82363 жыл бұрын
Sumeria, my favorite barbie girl.
@hovokovo55703 жыл бұрын
I saw that too
@ventedbus49173 жыл бұрын
Yes
@gebys45593 жыл бұрын
Blyatuful innit fam
@Rjoe10193 жыл бұрын
I’m not the only one
@nickwright1422 жыл бұрын
I was linked to this video via Facebook Messenger, and I couldn't get it to actually load in KZbin proper. Thought you should know~ I watched the whole video on there because it was so great.
@KamilHenri3 жыл бұрын
Remember, Debt almost kind of sounds like Death
@xenoneuronics67653 жыл бұрын
Nah man you just wait 7 years
@oops68763 жыл бұрын
Life Hack: open a credit card to pay only your pre-existing bills with. You’ll raise your credit, pay nothing extra, AND the bank hates you for it. It’s a win/win/win
@nicog61883 жыл бұрын
The problem, people don’t know how to do that. Generally
@jimmechanikong69243 жыл бұрын
I put just about everything on credit. Pay it off each month and collect my cash rewards. I then invest that free money. Anyone who isn't paycheck to paycheck should do this I think.
@jimmechanikong69243 жыл бұрын
@@heloo6101 it's not much, but it's free money for doing nothing. Just use credit instead of debit.
@Ruggedjellyfishing3 жыл бұрын
This. Only thing I use my card for is gas since I’m still living with my parents. Great way to build your credit if you have the self control.
@gayusschwulius84903 жыл бұрын
Yep. That's why I have a credit card with auto-pay every month.
@tiyenin3 жыл бұрын
0:58 Barbie Girl with medieval instrumentation: nice.
@Mewpasaurus3 жыл бұрын
Never have I ever been happier to be referred to as a "deadbeat"! The banks can suck it; thanks for another educational and fun video!
@mr.pavone97193 жыл бұрын
I harbor a fair amount of resentment over the fact that I've learned more about credit in the past 26 minutes than I ever did in 14 years of school and over 40 years of life.
@muckymucks3 жыл бұрын
Blame your parents, not the schools. Hell, blame yourself too; you have the world's knowledge in your pocket.
@caldw6153 жыл бұрын
@@muckymucks Schools can most definately be blamed as the education system focuses heavily on just memorising facts rather than actually teaching students practical skills or critical thinking.
@muckymucks3 жыл бұрын
@@caldw615 Education begins and ends at home.
@justalostlocal3 жыл бұрын
@muckymucks That's a rather old school way of looking at education. No seriously education is a way of escaping generational poverty which won't be possible if the schools aren't responsible for teaching children.
@muckymucks3 жыл бұрын
@@justalostlocal Parents brought those hellspawns into the world; they should take responsibility for them.
@ECFOX9092 жыл бұрын
I’m going through something rough rn and the discovery of your channel is a god send. Keep up the great content
@cresscreditfixongmailcom14733 жыл бұрын
Thank you ☝🏻💯✅
@NecromancyForKids3 жыл бұрын
In most cases, it wasn't the lending of money that was a crime, but the adding of interest.
@ling6363 жыл бұрын
@Top GIFs With Sound ok anti semite
@regretisclownery3 жыл бұрын
I still have yet to get a credit card and I’m quite upset that I will struggle in obtaining a car or a house- even though I have the necessary money in full. I simply want to avoid debt at all costs, given how it has harmed my family.
@trippybruh15923 жыл бұрын
Basically you just have to get a car loan with the lowest interest rate you can get. Start shopping around your local credit unions and avoid the big banks.
@travisumbel68773 жыл бұрын
If you're financially stable enough, there isn't much harm in using credit cards to pay for things that you already have the money for in order to build up credit, and then just paying off those cards right when you get home from shopping. The slippery slope is when you start using the card to pay for things you DON'T have the money for.
@colonless75123 жыл бұрын
There are some companies that still under write for housing loans without credit established, just hard to find them and it’s a little more involved process. Used cars are just as reliable as new ones and if you can pay cash for most or all at even a dealership they will find a way to get you in a car with no credit
@matthewprestipino45693 жыл бұрын
Not sure what country you live in but here in Australia not having a credit card really does not hurt your chances of obtaining a home loan as much as a stable income and solid deposit do. Best thing to do if actually serious is talk to a mortgage broker, who at least here, works with you seperate from the banks and gives real advice to what your buying power is.
@averyeml3 жыл бұрын
Speaking from experience, the credit card won’t help you get the car. My family pushed me to get credit cards as I entered college so I could “start building my credit score” and then were shocked when it didn’t work like that. If you’re reliable with money and have what you need to buy what you need, all you should have to do is get someone with a good credit score to co-sign for you. Once you pay for whatever you’re buying it’ll boost your score and the person who signed will be off the hook too.
@longbottomleaf69182 жыл бұрын
Barby Girl as an olden medieval tune is so good I NEED IT
@jaxonturner35903 жыл бұрын
The only thing that isn't ordinary on this channel is the time between your uploads
@SnailSlugSlut3 жыл бұрын
Heyo!!!!!
@trustysource75683 жыл бұрын
I'd rather smash a 10/10 once every couple of months than a 1/10 every night.
@tobiasna3243 жыл бұрын
also his hair
@thepoliticallyambidextrous6783 жыл бұрын
AMEN TO DAT
@wyattvice21013 жыл бұрын
@@priestfultonjwingbajr1430 huh a-are you preaching in a KZbin comment section
@BiodegradableYTP3 жыл бұрын
Good lord, 100 years around and we're back where we started... oh yeah and I learnt something about debt, I think. Another terrific video, mate.
@SixofQueens3 жыл бұрын
I came so close to being in a perpetual credit hole, using cards to pay cards in the moment while accumulating insane student loans that I would forebear by staying in school, accumulating more loans...I had a credit score of 550 at one time...honestly the only thing that saved me was that my parents let me live with them rent-free for about 5 years (while I got another degree, building more debt, but at least in an engineering field and not theatre) while I used the income from part time jobs to establish a reliable line of revolving credit to where I am now reliably in the mid 700s. I was EXTREMELY lucky to be able to do this, and without out it I imagine it would have taken decades to get out of the credit hole I'd been lead to dig for myself.
@Turkeyslam3 жыл бұрын
There is no channel that elicits a faster urgency in me to drop everything I'm doing in order to watch a new upload. That's you, dude. Your work is outstanding and it's doing a lot of good for the world in many different ways, primarily educationally. Thank you man
@Turkeyslam3 жыл бұрын
@Will Gregg Ordinary Things this time!
@Ketharuil3 жыл бұрын
Sure is nice knowing that the nightmare that is credit scores is such a recent and entirely American thing.
@JohnDoe-gy5dr3 жыл бұрын
It really isn't. You can read about credit issues other countries have faced, this video is just primarily focused on the US.
@-umph3 жыл бұрын
Not many people know that "I'm a Barbie Girl" was originally transcribed for the band Aqua by scholars from ancient sumerian carvings.
@tiyenin3 жыл бұрын
0:58
@bighugejake3 жыл бұрын
RIP David Graeber. Such a great historian of debt. He really dove into a topic that no one had before.
@owenturner39193 жыл бұрын
The credit crunch hit simultaneously with my adolescence, it played a significant impact in my development. For instance, any word ending in the sound "-ebit" fills me with deep unease, a great sense of cringe and an accumulative murderous rage. It has made my career as a frog biologist incredibly difficult.
@isaachayman92313 жыл бұрын
Frog :D
@schwunkie Жыл бұрын
@@isaachayman9231 Toad :3
@nigelnyoni8265 Жыл бұрын
13:06 this ad can't be real 😭🤣😂🤣 honest advertising
@oops68763 жыл бұрын
A cartoon using someone’s withdrawals from literal caffeine addiction to represent not having enough money is only a little disconcerting.
@Tealsquiddev3 жыл бұрын
That Mesopotamian remix of "I'm a barbie girl" is both hilarious and fits amazingly with the topic. Outstanding work on finding that
@ApollyonZKX3 жыл бұрын
I can only imagine Gilgamesh listening to that banger while slaying monsters.
@Fenrisson9 ай бұрын
1:22 - "Whose round it was". Lovely bit there!
@lilheater2273 жыл бұрын
So no one is gonna speak on the FIRE “Im a Barbie girl” song in the background?
@migueltoro26573 жыл бұрын
Hahaha right? It was awesome
@MEZ923 жыл бұрын
Hanky Panky
@bayoubastard40153 жыл бұрын
Sounded like a witcher soundtrack
@CamTheWarlock3 жыл бұрын
Yaaay, he’s back. I only started watching this channel a couple months ago, but I still love this channel
@ffnovice73 жыл бұрын
Make sure to watch him on Internet Historian's *Gentleman Pirate*
@jacktowers7533 Жыл бұрын
The transition from Chamber Music Barbie Girl to Speed metal was a lovely touch
@JoseMartinez-er6hx3 жыл бұрын
I took a personal finance class in my first year in college, they told me that credit and a credit score is just an "I love debt" score. Since taking that class I've been hesitant on getting a credit card or accumulating credit. I know it'll be a bit harder for getting a mortgage later on, but I much rather have that then having to worry about paying more for things from interest and piling up debt.
@y2kvaporwave3 жыл бұрын
Don’t ever get one trust me
@micahwright59013 жыл бұрын
Just underwrite the mortgage
@cessman80543 жыл бұрын
The unfortunate bit about this is it’s a system designed as a feedback loop. If you don’t have a credit line, be it a personal or secured loan, or a credit card.. you will have no established history of debt servicing capability and as a result you will end up having much worse interest rates when you procure a line. And because employers also pull your credit score in backgrounds you have hurt yourself there too, because your score will be low as a result of not having a debt service history. For yourself and others reading Jose’s post please consider that it may be unintuitive but it will actually hurt you long term to avoid cards and debt instead of using a card for small things like to pay for gas every few weeks and paying it down regularly.
@lukeraymond69273 жыл бұрын
You're making it harder on yourself, literally get a credit card and just use it for purchases you already do with a debit card. Stick to your already defined budget and you'll never pay any interest. Done this for 6 years now with not a cent owed on interest and my aggregate credit score hovers around 790.
@chronovore72343 жыл бұрын
Credit scores aren’t based on how much you’re in debt. They are based on avg credit age, total amount of credit, credit usage, and payment history. You can easily get a good credit score by using one or two cards to buy you’re everyday stuff, paying it back at the end of the month, and continuing to do that for years. The earlier you start the more likely you are to have a good score when it comes time to buy a house. Just use it responsibly.
@TheAtoll3 жыл бұрын
Your deep dives inspired me to create an entire channel about the 1995 cult classic Waterworld! And now I am almost at 1k subs! Thanks for showing me how create great long-form videos!
@lucasvslife Жыл бұрын
Why does the barbie girl acoustic hit so hard
@hullinstruments3 жыл бұрын
Dude seriously… I’ve been stuck in the hospital for 18 months taking care of my mom and your videos have given me some of the only smiles I’ve had in the past year and a half
@emmanuelpapi3 жыл бұрын
That’s crazy man, god bless you and your mother. Hope she pulls through.
@mrhappy56953 жыл бұрын
Do u play guitars in hospital
@jackmcmorrow3 жыл бұрын
As always, an amazing presentation of an ordinary thing. I love how you keep in brand.
@lys72622 жыл бұрын
The barbie girl old timey insturmental fita just right in lmao
@grafando3 жыл бұрын
Thank you so much for all your hard work! Your videos make me feel at peace and distract me, and I didn't even realize how long this one was. You're informative, funny but not in a way that affects the information, and you don't use any filler. You're awesome, thank you again!
@rod10283 жыл бұрын
Another great video, honestly you are one of the most inormative and fun channel i have seen. I hope you reach 1 million subs
@JE-zl6uy2 жыл бұрын
"While this was the worst event in human history SO FAR-" That... That hit close.
@alexanderleuchte51323 жыл бұрын
"Your credit card and mortgage control your life." "If you erase the debt record, then we all go back to zero. You'll create total chaos" Tyler Durden lol
@athumbi3 жыл бұрын
If anyone plans to do this then I ask that you hold off until I've gotten a few loans to buy several mansions and luxury vehicles. Then you can go ahead and erase my debt 😝
@breaking.sublimity3 жыл бұрын
lol
@ussliberty1093 жыл бұрын
Even with the mortgage and credit card debt erased, the US Dollar itself is leased by the Federal Reserve, a private corporation, which the United States has to pay back with interest. You don't un-rig the system by cleaning out a room. The whole house down to the foundation is rigged.
@TomMcMorrow3 жыл бұрын
Haven't seen you make a new video in a while. As a financial analyst by trade and a "deadbeat" rocking an 815, I loved every second of this.
@King_king880 Жыл бұрын
Thank you for your content. You're journalism at it's finest. Great work.
@mistersands3393 жыл бұрын
I love how you expose disgusting things in the most entertaining way
@raidenthekat24443 жыл бұрын
The fact he's playing Aqua-Barbie girl in the background makes this all that much better.!!
@ChrisHall13373 жыл бұрын
Thank you for noticing as well lol I thought I was losing my mind
@ssneej2 жыл бұрын
i love how a instrumental of barbie girl is playing in the background, and then it turns into death metal when it gets into the dark era
@mateuszborodziuk7413 жыл бұрын
there's always a clip of bernie sanders, no matter what the issue, where he is right decades before anyone else in mainstream politics was
@sunny747633 жыл бұрын
Sadly American politics is a giant reality tv show
@evolution__snow67843 жыл бұрын
So you are saying he is right about drones strikes? Awesome man 👍
@dog-ez2nu3 жыл бұрын
@@evolution__snow6784 He was against them?
@evolution__snow67843 жыл бұрын
@@dog-ez2nu no lol, also wasn't the crime bill in the 90s, but does it matters if all he does is talk and talk? How about he actually do something, at least Obama made same-sex marriage legal through the Supreme Court
@feministadentata40413 жыл бұрын
I love that you used David Graeber as a source. He truly was one of the greatest thinkers of our time. So sad he died way too young. :( Whenever I'm talking about economics with friends he always comes up.
@armedmonkey5846 Жыл бұрын
I stole this for a presentation and got an A. Thank you.
@ShellShock11C3 жыл бұрын
So people in Australia have to wear harnesses at all times to avoid falling of the earth, what do people from New Zealand wear? Is it more of a velcro shoe kind of deal? Do a video on them guys. You're English, it's pretty much the same thing.
@SpiffingNZ3 жыл бұрын
We just attach double-sided tape to the bottom of our jandals.
@thesquishedelf13013 жыл бұрын
@@SpiffingNZ or number 8 wire to keep us in our gumboots, sucked into the mud as they are
@MoonatikYT3 жыл бұрын
My younger brother was 4 years old in 2008 and at some point he overheard my dad talking about the "credit crunch", now dad's never let him live down that time he said "DAAD, I WANT A CREDIT CRUNCH" thinking it indeed was some sort of cereal or treat.
@kiwitrainguy9 ай бұрын
"Economic Meltdown" - is it covered with melted cheese or melted chocolate?😋😋
@MrKodiKash2 жыл бұрын
I love your content!!!! Been binge-watching the last two weeks
@VIC-jk2qd3 жыл бұрын
Awesome video as always! Can you please do a video on Lilith Games/recent mobile game ads? (Lilith Games is a Chinese corporation responsible for Rise of Kingdoms and Warpath) They have created some of the worst advertisements I’ve ever seen and learning about the process of funding these monstrosities would be awesome. Their voice actors aren’t dubbed to the people on screen, they have created offensive ads that have gotten banned, and they utilize small content creators to kill my brain cells. Keep up the great work!