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John works at the grocery store
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Hot Money

John works at the grocery store and he gets paid bythe grocery store and he decides...

John works at the grocery store and he gets paid by
the grocery store and he decides he
wants to buy a house

Full Transcript

00:00:01.000 --> 00:00:03.235
John works at the grocery store
00:00:03.235 --> 00:00:07.372
and he gets paid by the grocery store
00:00:07.372 --> 00:00:10.742
and he decides he wants to buy a house.
Duration
11 seconds
Views
29
Timestamp in Movie
00:33:50
Uploaded
May 25, 2025
Genres
documentary
Production
N/A

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Movie Summary

Former NATO commander Wesley Clark and son explore economic forces linking various sectors, revealing interconnections that can lead to collapse and potential solutions to untangle them.
- He doesn't have enough money from his earnings - Hot Money 00:23
- He doesn't have enough money from his earnings
- Well, - Hot Money 00:04
- Well,
Okay, so here's the money and-- - And by the way, this is just - Hot Money 00:07
Okay, so here's the money and-- - And by the way, this ...
Just tell him yes, tell him yes, come on, - Hot Money 00:05
Just tell him yes, tell him yes, come on,
- We typically think that bank takes deposits from us - Hot Money 00:05
- We typically think that bank takes deposits from us
The balance sheet equates one entry on this side, - Hot Money 00:11
The balance sheet equates one entry on this side,
- In the old days, - Hot Money 00:09
- In the old days,
So the bank takes the IOU, and the bank sells the IOU - Hot Money 00:09
So the bank takes the IOU, and the bank sells the IOU
- Then once I have this mortgage and maybe the mortgage - Hot Money 00:21
- Then once I have this mortgage and maybe the mortgage
(retro jazz music) - Hot Money 00:19
(retro jazz music)
- Which means I can make loans off these things, - Hot Money 00:05
- Which means I can make loans off these things,
(water splashing) - Hot Money 00:10
(water splashing)
In some cases, they're just buying a slice - Hot Money 00:07
In some cases, they're just buying a slice
And so, all of these are called derivatives. - Hot Money 00:04
And so, all of these are called derivatives.
And everything works, as long as there's an expectation - Hot Money 00:16
And everything works, as long as there's an expectation
(old timey piano music) - Hot Money 00:10
(old timey piano music)
- The banks really aren't keeping - Hot Money 00:05
- The banks really aren't keeping
They're selling those mortgages - Hot Money 00:07
They're selling those mortgages
So, they're able to sort of pass the buck, - Hot Money 00:06
So, they're able to sort of pass the buck,
- Depending on how they're rated by the rating agencies, - Hot Money 00:09
- Depending on how they're rated by the rating agencies...