DAY 20 – MONEY 2 – DOUGLAS SHAW

Tackling South African Banking malpractices There are problems in the banking system due to banking malpractices. Most banks borrow short and lend long. If there is a run on the bank and people want their money, but the bank has lent it out on mortgages, then it will not have the cash to return to […]

DAY 20 – MONEY – DOUGLAS SHAW

Tackling South African Banking Malpractices In order to understand banking malpractices we have to know what money is. If someone has a big house does this mean that tney necessarily have money? No – because money is not wealth and his wealth might not be reflected in the amount of cash he has on hand. […]

DAY 16 – POVERTY

Day 16 of the University of Earth series. We’ve just been interviewing Tony Buddens, and right nearby him is an area of extreme poverty. We decided to visit it because it is part of our journey in trying to work out what to do about the amount of poverty that exists in the world today […]