What really triggered the global financial crisis

You’ve heard it on the news, watched it on TV, folks have been talking about it in the coffee shops, you read it in the daily’s and like me, you may be the person who says: “Yeah, that’s bad huh?” and still don’t understand what is going on… well do not be intimidated just because you don’t understand economics and how things run in the financial world. I’m as dumb as you are. But there’s hope for the rest of us who are still in the dark when it comes to budgeting and planning and stuff.

After reading the post of MrBadak, Ben pointed out a website that explains it all. And Pokemon really is the hero here, seriously. Now you have more points to say during your office lunch break. Here’s an excerpt from the website:

Kevin: Have you been following the news?

Olivia: Yeah, I don’t really get it.

Kevin: Imagine that I let you borrow $50, but in exchange for my generosity, you promise to pay me back the $50 with an extra $10 in interest. To make sure you pay me back, I take your Charizard Pokémon card as collateral.

Olivia: Kevin, I don’t play Pokémon anymore.

Kevin: I’m getting to that. Let’s say that the Charizard is worth $50, so in case you decide to not return my money, at least I’ll have something that’s worth what I loaned out. Continue…

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