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@mapichan5169

4 жыл бұрын

When is the Economics Explained Basic Universal Likes Rolling out? It's been a hard quarentine, you know?

@rebelai5981

4 жыл бұрын

Pls make a video about the african union

@mywateva

3 жыл бұрын

66

@Totes_Masc

3 жыл бұрын

@@mapichan5169 a

*The world is in for a crude awakening*

@Mindforprogress

4 жыл бұрын

Ha! mah man

@VocalMabiMaple

4 жыл бұрын

Well I woke up with a greasy feeling

@mattandwill248

4 жыл бұрын

You’re slick

@lap773

4 жыл бұрын

😂 😂 😂

@mandystop1077

4 жыл бұрын

@@VocalMabiMaple and I m getting negative thoughts about the news 😅

like how you silently diss about the diamond pricing industry...

@lamarnash2439

4 жыл бұрын

I hate the diamond industry

@halfalawn3125

4 жыл бұрын

@@lamarnash2439 yup. all bloody scammers

@AR15ORIGINAL

4 жыл бұрын

Wait, where and when?

@theend3905

4 жыл бұрын

@@AR15ORIGINAL 18:33

@nhandahooker

4 жыл бұрын

Anyone who buys into is an idiot who don’t have any balls to make their own decision

Gotta love these stock footage, 11:26 the pen doesn't even touch the paper lol

@BvousBrainSystems

4 жыл бұрын

Get a load of 8:08. They can't actually tug on the tp roll because it'll break, so they look like they're playing with it

@nickacelvn

4 жыл бұрын

also 10:33

@NativeVsColonial

4 жыл бұрын

also at 19:06

@deek0146

4 жыл бұрын

Or at 5:56, when he says "hiccup" but the video clearly shows a car's suspension fully absorbing the shcok of the speed bump.

@gtbkts

2 жыл бұрын

Stock footage is the best.

Last time I was this early we were predicting Peak Oil.

@sonicmeerkat

4 жыл бұрын

nice way to avoid spam comments

@justdadoc9443

4 жыл бұрын

O o f

@thechosenone8808

4 жыл бұрын

bruh

@Hrafnskald

4 жыл бұрын

#BurnsLikeAMolotov

@iOS6Fan1

4 жыл бұрын

Lol

Can you do a The Economics of Economics Explained explained?

@herborbord8958

4 жыл бұрын

That would take a whole college degree to understand lol

@mueezadam8438

4 жыл бұрын

Rasmus Holmgaard Nielsen the world is not ready yet

@ronb7062

4 жыл бұрын

hehehehe rofl

@TheDeadKingsRaven

4 жыл бұрын

Meta asf 😂

@pradeepbm363

4 жыл бұрын

The economics of economics explained explained

The only way I can understand this: -i have too much, running out of space, take it for free -no, I have enough, and it takes resources to pick it up - I'll pay your travel costs -okay

@thorin1045

4 жыл бұрын

Mostly, they agreed on a price weeks or maybe months ago, and suddenly that price is total bullshit, and to make it worse, they agreed, if they cannot sell the stuff, they have to store it, and suddenly nobody wants it. It is the filling up of a pipeline. In the case of oil, sometimes even a literal pipeline. And our current economy made the pipeline sensible with much longer than wider, so to make a balanced trade, you need to know weeks or months before the amount of demand, to create the supply in time, but in two months, our demand plummeted like a rock, probably the greatest oil demand reduction pretty much ever, and the pipeline is filling up with the speed of the expected demand of two month ago. Our storage capacity is also limited, since it will go bad, quickly.

@Kenionatus

4 жыл бұрын

The really important part is that the drilling companies have not incentive to stop producing more crude oil because they get paid the prices agreed upon before the covid 19 crisis and that the other end of those contracts need somewhere to store all that oil they get delivered.

@romasromas73

4 жыл бұрын

thanks for saving me 20 mins

@spamsam99

4 жыл бұрын

Its like this - the speculator/investor buys a future contract for deliver of x amount of oil at a future date for a set price. He never intends to take delivery of the oil, but just wants to profit from a rise in the price of oil so he can onsell his contract to someone who actually wants delivery. If the price of oil fell a bit he can still sell the contract at a small loss. But in this case a lot of speculators had bet on oil going higher and all wanted to sell their contracts at once. The buyers kept dropping the price they would be willing to pay - then realising that there is no storage for the oil, they also did not want it - so the price went negative - you had to pay the buyer to take the oil. Apparently you must take delivery if you hold the contract, you cannot refuse it, so it becomes a problem that is going to cost you to make it go away; as it did in this case of negative valuations.

@Homer-OJ-Simpson

4 жыл бұрын

You forgot to add the following after the travel cost: -no, It also takes resources to store it - I’ll pay your travel costs AND storage costs - okay

EE:"Russia is not part of OPEC" EE: * shows EU building *

@AdamTheBen

4 жыл бұрын

These never get old xD

@AMacProOwner

4 жыл бұрын

EE: Mr. Worldwide

@artman7780

4 жыл бұрын

OPEC is based in Vienna, Austria.

@Seth9809

4 жыл бұрын

@@artman7780 Holy shit, you're right....Why?

@rager1969

4 жыл бұрын

@@Seth9809 According to Wikipedia, the Arab countries wanted it based in an Arab country but Venezuela wanted it in a neutral location. OPEC went to Switzerland but then moved to Austria.

Some people on the Moscow Trade Market literally made a trillion ruble loss on that day with no other money left.

@fatetestarossa2774

4 жыл бұрын

WOW

@cookiecola5852

4 жыл бұрын

Tho what is one Trillion Russian ruble 15 Million?

@backpackpepelon3867

4 жыл бұрын

They pretty much killing the oligarchs holding the large share of the market in Russia.

@captaindak5119

4 жыл бұрын

@@cookiecola5852 13 billion USD if that's a serious question. A trillion is a million x million. Only countries with massive inflation (like Zimbabwe) should have currencies that weak.

@ithilweenshadowsong8151

4 жыл бұрын

Too big to fall, they said...

This channel makes you understand economics so well while critisizing it so hard. Absolutely fantastic.

This channel is honestly getting better by the day. Absolutely amazing!

to add to the confusion: Sweden have/does buy garbage from Norway

@hendrikdependrik1891

4 жыл бұрын

What about this: The Netherlands buying garbage of the British and the Napolitan mafia or Poland just burning everyone's trash.

@MartinNew14

4 жыл бұрын

And sweden has exported the garbage to south asian countries.

@glenglen6386

4 жыл бұрын

@@MartinNew14 Rather the ash that goes into groundfill

@tnix80

4 жыл бұрын

Classic way to make money in Sim City

@MrChuanhquan

3 жыл бұрын

U mean garbage?

ive been doing the math to see how many barrels will fit in my yard

@TheMrNalsur

4 жыл бұрын

@@mr.boomguy the results? Not enough. D:

@bificommander7472

4 жыл бұрын

I'm sure your neighbors would be thrilled too.

@clam4597

4 жыл бұрын

OMG I ordered 3000 barrels and they're on it's way to my house.

@jascrandom9855

4 жыл бұрын

You are not going to get actual barrels, but you will get a tanker truck on your doorstep with a driver expecting you to tell them were to pump the oil.

@bluemountain4181

4 жыл бұрын

@@jascrandom9855 The tanker truck won't even come you your doorstep, you'll have to go to Cushing Oklahoma to pick it up

this video has some sick writing and editing! the setup at 4:10 and then the payoff at 14:10? lmao I love this channel

This channel seems to be the world`s whole demand of stock footage.

"There are people that like taking risks" *zooms in on chicago* You're not wrong!

@AClarke2007

4 жыл бұрын

Vegas?

@stubblycrane7897

4 жыл бұрын

Ashley Clarke no

as a texan I saw the pool at the beginning and said audibly "You're god dammed right its a real thing"

Loved the video. Topic idea: today’s monopolies

@austinflint8671

4 жыл бұрын

But US government, i dont have a monopoly on shipping! Why? Oh... because im a web services company!

@JerzeyBoy

4 жыл бұрын

Disney.

@LostSoulAscension

4 жыл бұрын

Crony Capitalism.

@saricubra2867

4 жыл бұрын

Venezuela's economy

@MrJakson112

4 жыл бұрын

Disney Amazon Unilever Monsanto Luxottica Google and Facebook

This is why Behavioral Economics should be taught in universities everywhere in the world.

18:35 who hurt you Economics man.

@renixmar3373

4 жыл бұрын

he's referencing the scam that is the diamond market

@bluemountain4181

4 жыл бұрын

De Beers hurt him

@Dommy521

4 жыл бұрын

Aussie women are huge liabilities

I'm starting to think some of these shots might be stock footage.

@katyungodly

4 жыл бұрын

It looks like 100% of this channel is stick footage 😂

@knaz7468

4 жыл бұрын

They are hilarious. Must be on purpose.

@X1erra

4 жыл бұрын

I'm curious how stock footage are made and how EE got their hands on them.

@Repz98

4 жыл бұрын

There are sites that allow you to make youtube videos of stock footage without how to download the footage. Instead, you edit your video on there website. You just upload a speech, and search and select footage. When done, you click done button and they render the video for you, and from there. You didnt even have to use an editing software

@csanton3946

3 жыл бұрын

@@Repz98 lol i thought its an AI software speech recognition then automatic video matching

> go to local gas station with zero dollars > ask for 200 gallons > walk out of store with $1000 This is nice.

"This is crude oil" shows soy sauce

We live in days where sanitizer is more expensive than oil , lol I’m finally living in days which will be valuable as history in future I was waiting for this video , thanks

@dios5618

4 жыл бұрын

We live in a days where ink printer is far more expensive then blood

@fourtoes412

4 жыл бұрын

We live in a world where bottled water is more expensive than beer!

@ImBigFloppa

4 жыл бұрын

I understand the joke, but hand sanitizer has always been more expensive than oil. A gallon of hand sanitizer, before the whole rona, would cost about $15. Oil hasn't gone past $4 in years.

@eloisanzara237

4 жыл бұрын

I’m very happy to be living in history (I’m a history geek), but I am not happy that these are the days people will look back and say, “Let’s not repeat what they did.”

@VJ-bn1qg

4 жыл бұрын

Clark Anzara Absolutely true

2:10, I appreciate the Malaysian market clip

Get paid for taking oil Dump oil on ducks Invest in Dawn dish soap Profit

@truechaosmulala3831

3 жыл бұрын

You mad man

"This was kind of the equivalent of shooting yourself in the foot to win an argument over who ran the slowest." This made my day

Negative value item is not strange at all Remember the line in The Big Short "I got a negative carry of 20million a month"

@abrahamarbores3135

4 жыл бұрын

Yes, but he was the one buying Credit Default Swaps, i.e. insurance contracts. Insurance isn't a negative value item for the insurance company (until the number of claims that have to be paid multiplied by the dollar amount of those claims is larger than the money earned on premiums for insuring the risk).

@jbjb679

4 жыл бұрын

Yeah, as in his monthly premium. The bank is selling the security in that sense. They weren't paying him to hold the option

Wow, This is really interesting!Thanks!

@EconomicsExplained

4 жыл бұрын

My pleasure! Glad you enjoyed :)

You mentioned 'very poor underlying fundamentals' of the economy, could you expand on that ?

@radioactivetrees9626

4 жыл бұрын

That would require either a five second video or a six part hour long series.

@tylerpeterson4726

3 жыл бұрын

I would guess that it's non-participants participating in the market (people not in the oil industry buying and selling oil contracts without the physical capability to fulfill those contracts) and removing pricing incentives from oil producers. When oil exports from Russia and OPEC spiked, the most expensive oil producers (many of whom are American producers) should have shut down their wells immediately. Instead they kept on pumping because they had a contract to fill, despite there being no demand for the oil they were contractually required to produce.

Last time I was this early Economics Explained was Economics Explaining

@MatthewStinar

4 жыл бұрын

💩 kzread.info/dash/bejne/oqdqu6ebg7e7m6g.html

@ronb7062

4 жыл бұрын

ok.

I love this Channel. I learn so much about current global economic events. I enjoyed this longer video format with more economic and financial terms for me to further my research. Keep up the great work and congrats on your seemingly exponential channel growth in recent months!

I just had a moment of clarity thanks to this video I live near the sea, and for the past couple of days I've seen an Oil Tanker anchored somewhat far from the coast and I was curious as why a Tanker that have tights schedules to delivery this product been anchored doing nothing for days, now I know. Thanks EE, great video.

7:06 That silver car created a phantom traffic jam

Last time I was this early, people said the economy would grow forever

@MatthewStinar

4 жыл бұрын

💩 kzread.info/dash/bejne/oqdqu6ebg7e7m6g.html

@tnix80

4 жыл бұрын

Long term it will

@Theorychad99

4 жыл бұрын

Tyler Chamberlain yeah until the planet is dead

Thanks for helping us understand this interesting chapter in world history.

The price of oil doesn't go negative. It's the price of a futures contract that does. And all futures contracts are simply gambling.

@fallout560

4 жыл бұрын

That's not true. If futures did not exist, the price of cereal would fluctuate day to day depending on what the corn sellers feel like selling the price at that day. Futures help stabilize prices by locking them in ahead of time

@thanhlam8763

4 жыл бұрын

fallout560 the problem is that they can be trade , resale, bet on. Affectively turn them into casino chip.

20 years ago, people played Fallout. A game about nuclear apocalypse triggered by lack of oil. Who would have known back then that negative oil prices would cause a crisis.

@nerobernardino88

4 жыл бұрын

"What do you mean too much oil?" - Environmental activists from the 80's.

@filippkhan3935

4 жыл бұрын

An economic crisis caused negative oil prices, not the other way around.

@davidhamilton506

4 жыл бұрын

*Delmini* Coved-19 has caused a glut of oil due to some Industry shut downs, travel bans on International and Domestic Air routes, and even to domestic travel in vehicles for holidays away. The irony is of course, is just when one is well able to afford filling the family car, we're told to stay home. What I cannot understand, is all these headlines bemoaning the fact that the World is running short of where to store the bloody oil. Maybe I'm missing something, but is there some logical reason why we cannot shut down the wells pumping it out?. HELLO!, time to turn off the taps baby, and go home...

@nerobernardino88

4 жыл бұрын

@@filippkhan3935 Are you forgetting how Russia and Saudi Arabia went ballistic on their oil production? This is a two-faced crisis, one caused by the kyogre attack (Covid) and the other is the direct result of the pyrrhic fight between the two aforementioned powers in the oil market.

@nerobernardino88

4 жыл бұрын

@@davidhamilton506 There is a logical reason though. Russia and Saudi Arabia are going ham on each other since their negotiations broke down. The rest of the world may shut their wells but that would result in an overdependence (as if the previous state of affairs isn't bad enough) on one or both powers. They (the two nations) won't cut their production because that's their weapon against each other and I wouldn't be surprised if they kept ramping up output even more until one or both comes crashing down.

what I love about your channel is that it's a sequence of irrelevant stock footage but with great audio content attached and so i can treat it like a podcast of sort :)

I was literally asking about this yesterday to a friend. Thanks!

I believe oil will never be as high as it was a few years ago. At least not in the next 1-2 decades.

@NoName-yv6yq

4 жыл бұрын

fix they want price below shale gas and nuclear energy ... so price never cross 60$

@shivamshahorignal

4 жыл бұрын

In today's world you never know what is going to happen tomorrow Donald Trump hits Iran with someone missiles Crude at $100😅

@secrets.295

4 жыл бұрын

@@shivamshahorignal I dont think so. Every commodities will always have its peak then they started falling off the drain. Just 200 years ago, Tin was king. Now its nothing. With more going into hybrid technology. My bet is Oil is not going to be king anymore.

@diegoaespitia

4 жыл бұрын

not true. we arent in the renewable energy age. as soon as this is over price of oil will go back to normal.

@Flyingclam

4 жыл бұрын

If anything restarts it, it will be increased space travel

Oil: drops to negatives US soldiers: *ILL TAKE YOUR ENTIRE STOCK*

The variety and abundance of stock video clips in these videos is fascinating.

Thanks for making these videos! Really insightful and enjoyable to watch

I love how there is already stock footage of a toilet paper fight.

I can't imagine hows Venezuela doing

@bluemountain4181

4 жыл бұрын

America: "Doctor Venezuela, now might be a good time for you to go into crisis" Venezuela: "That's my secret cap, I'm always in crisis"

@quisqueyanguy120

4 жыл бұрын

@@bluemountain4181 So fucking true lmao. Permanent crisis since 2013 nonstop.

@FAKELIEN

4 жыл бұрын

Venezuela has no right to be in a crisis with the amount of petroleum under their lands, shitty government politics, with people who would rather leave for Colombia than fight for their country.

@useodyseeorbitchute9450

4 жыл бұрын

Tries piracy. Clash between its patrol boat and unarmed German passenger vessel ended up with sunk patrol boat. (Reality is crazier than fiction)

@fuehnix

3 жыл бұрын

@@quisqueyanguy120 lol poor venezuela still doesn't know who's president. Us Americans thought we had it bad, but we pretty much figured things out after several weeks.

As soon as the economy reopens and I can open up my business again, I'm joining your patreon. This channel is Gold.

As always, your work is great and highly informative. Keep up the great work.

The more I learn about economics, the more I realize it's been designed by clowns. PS: this video was really very funny

@slappy8941

4 жыл бұрын

Then you learned nothing. The markets are why you have a modern life, and aren't living in a dirt-floor cabin.

@mastertroll1780

4 жыл бұрын

It isn't designed so much as it is created by the actions of several trillion greedy algorithms and maybe a few thousand non-greedy ones.

@684avatar

4 жыл бұрын

Slappy he’s one of those money is the root of evil people. If it’s so bad how do you get a haircut a house and a car. Stupid hippie.

@kristianstrm2375

4 жыл бұрын

@@slappy8941 I don't think he referred to the entirety of the last 6000 years of economic developmnent when he said that :

@wybo2

4 жыл бұрын

They are not designed at all, they came to be by circumstance. Designed economic systems, like Communism, tend to fall flat on their face because it is pretty mutch impossible to predict what the future will look like.

In the ending when you said "price gouging like good old days" I laughed my ass off

Thank you for making this video so quick! Really informative.

Great video, I appreciate you giving all the surrounding context.

17:15 "Some very poor underlying fundamentals." That is a phrase that is crying out for careful, thoughtful, detailed elucidation. This is, of course, a request for explanation of something akin to 'life, the Universe and everything,' so give it an hour or two.

NOOOOOOO! YOU CANT JUST PAY US TO BUY OIL! THATS GOING TO RUIN THE ECONOMY! NOOOOOOOOO! haha oil well go glug glug glug

@endurovro

4 жыл бұрын

More like Russia and OPEC: haha American oil markets go **screams* *of* *the* *damned**

Mate , your explanations are crystal clear and hatsoff to thinking of those examples

I like how you blend visual stimuli with your storytelling skill of verbalizing. Neat

Ancient Greece: *exists* Economics Explained: THIS IS

8:55 so I should be able to get someone to pay me $160 to take a barrel of petroleum off their hands 🤔

@blackpanther9504

4 жыл бұрын

Theoretically yes, but good luck storing it and refining it. :)

@tonyfriendly4409

4 жыл бұрын

Lol, when he said petroleum costs roughly 4X what crude does, I thought the same thing... "what does that mean if the price is negative?"

@thequantitychannel1299

4 жыл бұрын

Now you will never get the oil you get the futures position. You settle it in cash no one uses futures to arrange shipment

Finally, an explanation that makes sense to me! Thank you.

You are so quick on these topics. Thankss ❤️

I’m waiting for weed to get in the negative lol.

@Bradex.

4 жыл бұрын

I might buy it for an investment

Wouldn’t this be a perfect time for countries like the US with a strategic oil reserve to add to it?

@CMCSS-to3to

4 жыл бұрын

Yes I heard that they are filling the tanks

@royalpillows7716

4 жыл бұрын

Lewis Stockett Let the US save the 900,000 patients first though

@redtiger546

4 жыл бұрын

They already did at 11$

@CMCSS-to3to

4 жыл бұрын

@Thomas hmmmm interesting

@ikp4success

4 жыл бұрын

Us reserve filled to capacity already.

Been waiting for this this video like crazy

i hear many retail trader in that time ( before price went minus) recommend long OIL, they said that oil will never went to 0 but wow,

you know something is really wrong when the thing that runs the world has a negative price

@EconomicsExplained

4 жыл бұрын

yeah it's never a great sign

@ihl0700677525

4 жыл бұрын

Lol. It's wonderful time for petrochem corporations and net oil importer nations.

Thank you for the video. As always I found it very interesting, but I have an issue regarding the second part of the video (Pump and Dump). Most articles I read indicate that there were three major actors who contributed to situation on the oil market: Russia, OPEC and the US. Summarily put, what I read was that US producers pumped massive amount of oil to have the US dominate the market. The OPEC and Russia refused to stand down, and increased production in a defensive move. The increase in production led to the fall of prices, and ultimately the negative price situation when the production war met the virus. So why did you not mention the US at all in your video ? Why was everything pegged on Russia and the OPEC ? I hope I understood something wrong, because I am confused and questioning the reliability of information on your channel.

@Obscurai

4 жыл бұрын

This is not widely reported in the media, but you are correct the US has been dumping since February 2017 as per US government data: www.eia.gov/dnav/pet/hist/LeafHandler.ashx?n=pet&s=mcrexus2&f=m

@radioactivetrees9626

4 жыл бұрын

@@Obscurai nice.

@kuyaleinad4195

4 жыл бұрын

It makes a lot of sense since it’s reported here in the UK that it’s specifically Texan Oil that’s reached Negative pricing. Texan oil primarily travels via pipelines and the main buyer is the US. Russian and Saudi oil doesn’t have this problem since they can be transported to net importer countries as usual. Texan oil doesn’t get exported as much so it costs to transport it thus the negative price

@matthewdupree3573

4 жыл бұрын

What you are referring to is the 2014 dip in oil prices. As US shale companies started producing more and as hydraulic fracturing became more profitable, US output rose significantly. Saudi decided to maintain market share instead of cutting supply to maintain price as it often does. This tanked oil prices from over 100$/bbl to 30$/bbl WTI. Ultimately this is a battle that Saudi backed down on which led to the movement back to 60$ oil in the previous years. Coronavirus presented itself as a prime opportunity to try to harm US production again. This downturn was specifically decided by Saudi and Russia. www.macrotrends.net/2516/wti-crude-oil-prices-10-year-daily-chart

You're so good at this! I almost understand what you're saying...

Thank u for making this video. I was wondering why

"Sure, there is fuel to power our caaaaahs..."

Take us back!

@ghost_trapz5932

2 жыл бұрын

It’s rough out here

Thanks for making Economics easy

Properly informative, thank you E.E.

Once the economy's open Oil prices will be as high as never seen before

Please add cc please

Awesome how you make it so clear, great job

Great video! Just a minor suggestion: You could have mentioned the benchmarks WTI and Brent used to price crude oil worldwide and that the price of WTI contracts for May 2020 went negative. Brent stayed around $20/barrel and so did the WTI contracts for June. Thanks!

Last time I was this early Econocmics Explained was still good....... now you're fing amazing mate!

These prices may be a bad thing for oil producers, but I'm loving the low prices!!! Gas is $1.49 where I am.

@boterham7144

4 жыл бұрын

NoobToob per gallon!????!!?

@TuskForce

4 жыл бұрын

Nothing's changed that much where I am. more than 4.10€/gallon

@NoobToobJamarMemes

4 жыл бұрын

@@boterham7144 Yes, per gallon!

@NoobToobJamarMemes

4 жыл бұрын

@@TuskForce I'm sorry to hear that. Truly.

Very beautiful made and explained videos. Keep up the good work 👍

Wow this was so well explained! You just got a new subscriber

Last time I was this early, Russia was still doing Soviet things.

@MatthewStinar

4 жыл бұрын

💩 kzread.info/dash/bejne/oqdqu6ebg7e7m6g.html

@USSR413

4 жыл бұрын

Better red than dead

@kirillazarov6865

4 жыл бұрын

@@USSR413 Typical thinking of a naive resentful kid. Why can't you just be normal?

@vkray

3 жыл бұрын

Even I saw Dead Stalin Walking on the street.

The Rich stay by spending like the poor and investing Non stop,while the poor stay by spending like the rich and yet not making any investment.

@alexiskayla5340

3 жыл бұрын

Crypto is the new gold

@henryraymond6476

3 жыл бұрын

Crypto is the future

@Deborah7

3 жыл бұрын

Silver,Gold are good but crypto is better

@AlessandroAutier

3 жыл бұрын

Trading crypto has become a lucrative way of making money

@helendimm9637

3 жыл бұрын

That won't border you if you trade with a professional like David Mark

Amazing video as always!

Thanks for the video, you do amazing work

The fundamental economic assumption of economic man (rational behavior) is in itself irrational😂😂😂😂😂

@MatthewStinar

4 жыл бұрын

Yeah, economists make pretty spreadsheets that bear no resemblance to the real world and then use the assumptions in those spreadsheets to trash the world.

Why do you say American things like gas stations and gallons?? You're an Aussie mate stay Aussie!

@Stoneface_

4 жыл бұрын

Alec Green I think many of the people who listen to his channel are Americans. I’m not sure 🤔

@alecgreen1322

4 жыл бұрын

@@Stoneface_ Yeah that probably is the reason, still though..

@nicklrrueckert

4 жыл бұрын

Because he’s smart and growing his channel... you would rather have 365 million possible people being able to understand and learn what he’s saying the easy way cause most of us are dumb and ignorant. America’s KZread demographic is unmatchable

I was so waiting for this video

Great stuff as always

I immediately thought of nuclear waste: By sitting on tons of Caesium 137 for example, I would really pay someone to get rid of it.

@BearMeOut

4 жыл бұрын

Search KZread: health bracelet radioactive testing They put a piece of radioactive metal inside a bracelet/neckless design for comfort wearing it 24h. It madness. Some conspiracy theory Suggest it's a radioactive waste disposal scheme.

All I've learned from economics explains is that everything they taught me in school was true, but it's even more complicated in how humans are irrational

Well explained. Thank you very much

Great explanation!!! Thank you so much

Isn't it ironic how something "we" fight wars over is currently literally just trash?

8:52 This is in fact incorrect. Since currently oil prices are negative and petrolium prices are positive, their quotient is negative. Thus it's less than 4.

@samuelthornton9179

4 жыл бұрын

4x the typical cost

Thank you, appreciate your vids.

This was the most educational video i seen this year

So this is what the comment section looks like in it's youth

@EconomicsExplained

4 жыл бұрын

welcome

Economics of stock footage day 4

@EconomicsExplained

4 жыл бұрын

hahaha you gonna do this every time ?

@duo496

4 жыл бұрын

Economics Explained until it is done

Lovely Channel. Learnt alot from this channel. Would u mind talking about the oil, gold (precious metals) and other resources and what their relationship with economics is? Thanks

Great video mate you’re really good at this