Long Term Debt Cycles

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#LongTermDebtCycle #CreditCycle #DebtCycle #Explained

As I stated in the video I want to keep things easy and simple and if you didn't understand something ask me in the comments below.
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I still can’t believe that accepting period failure is an acceptable system. And that debt, debt! Determines the cycles. When credit is available, human will always, always, spend or than they bring in. Hence, credit is attractive.

lawrence
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2008 is when we were at the peak of the long-term debt cycle. If they pop up every 50-70 years, how can we face another one right now?

matts
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In the economic rules of Islam, interest and stocking money are forbidden, and individuals have to pay 2, 5% of their total savings every year as charity.

This rules keeps the economy steady and the growth is maintained over long term, it works very well on individual level and public policy as well.

MegaFarkh