unemployment is rising for three reasons
1. Outsourcing manufacturing to other countries
2. Mechanization of the workforce
3. Complacency of the people
none of them having to do with whatever the forget you're on about
the credit system is failing because nobody understands the concept of not spending money if you dont have any. its a basic concept that apparently grown adults can't seem to wrap their heads around. when said adults finally bite off more than they can chew, the govt sweeps in and pays off their debts, primarily because said adults control the finances of thousands of other adults in the country, and not paying them off will lead to another great depression
learn your stuff son
your statements arent
You have no reason to be harsh, first of all. Second of all, you didn't watch the video, you are not supposed to post if you haven't.
You are misinformed on many of the statements you just said. The mechanization of the workforce is exactly what I said, "automation of labor" is a synonym. So it
was what I was talking about.
Also, you said "the credit system is failing because nobody understands the concept of not spending money if you don't have any." All money spent is money created out of thin air when it is printed. Furthermore, interest is charged on all loans, which you need to, in turn, print
more money to pay off.
My statements are backed by research. This video is a secondary source, so I haven't used primary sources, no, but I'm not pulling anything out of my ass.