There are a couple of things going on right now that I want to bring to your attention.

Consumption and poor quality

And then if we go to, let's say, 2003.

I've had this checked by the two top consumer credit lawyers in the country.

His company is one of the best managed companies in Japan.

Right now today, the savings rate is about 4 .

One is that Frito Lay figured out this liquidity thing with their consumer.

What's everybody's biggest fear?

Debt's a little different.

And it's clearly in the area of finance.

This was the last 15 years before the crash, and you can see there, consumer debt rose dramatically.

Then it should be plainly legal for Russell to make a remix,

There is a reserve requirement.

Whether people will continue to loan them money.

But basically, microfinance if this is new to you as well think of that as financial services for the poor.

That would lead to the end of cyclical consumption and the end of monetary system.

and say, Where does your stuff come from? They say, Suppliers.

And where does it go?

If we really want to see the kind of wide consumer behavior change that we're all talking about as environmentalists and food people, maybe we just need to ditch the term consumer and get behind the people who are doing stuff.

There's the Dodd Frank Act, there's the new Consumer Financial Protection Agency that is temporarily being headed through the backdoor by Elizabeth Warren.

So whenever you have a discussion on the things that may or may not drive inflation it's important to weight them by these weightings that the CPI gives them to actually figure out what the actual impact on how we measure inflation really will be.

Before, in the case we did in the first video, when someone just borrows from the bank, the bank has very specific

We've questioned the future of capitalism.

Many consumers rose up against the consumption tax.

And, for the sake of argument

And of course, everybody who had loans to Bank A, maybe

The bank accommodated the company with a loan.

Papa went to the bank to ask for another loan.

Build factories, plow seeds, hire people.

Banker of some kind. City boy. Paid in cash.

We see that play itself out with empathy and respect.

They're not.

Hi.

People start shorting the stock, the stock go starts going down.

Please, please, stop referring to yourselves as consumers. OK?

Without sellers and consumers, manufacturers have no reason to produce anything.

(Laughter)

lower the interest rate for people buying and selling dollars, or I should say borrowing and lending dollars, not buying and selling.

The main person who caused that financial scandal is the president of ABC investment bank.

He deposited the prize money in the bank.

Cash taken from a bank vault that had a time lock.

Because this has also been a dramatic time of transformation.

Have a stick? Well why not have a carrot?

Crisis equals opportunity.

Now we're also in the era, today, of quantified self.