Unfortunately it is very necessary (unless you prefer to watch Fox Business or Glenn Beck popularize the issue).
The Peterson Institute for International Economics is a private, nonprofit, nonpartisan research institution devoted to the study of international economic policy. Since 1981 the Institute has provided timely, objective analysis and concrete solutions to key international economic problems.
Business Insider says, “Here’s Niall Ferguson’s Complete And Definitive Guide To The Coming Sovereign Debt Crisis.” Niall Ferguson is a contributing editor for the Financial Times and a regular contributor to Newsweek. As a Historian and economic expert, he contributes often to television and radio shows in the U.K. and the U.S. He has authored multiple books, among them best-selling book “Ascent of Money: A Financial History of the World”, published in 2008. He is a Professor of History at Harvard University and Professor at Harvard. Business School. He graduated from Magdalen College (Oxford University) in 1985. He was a Hanseatic Scholar in Hamburg and Berlin and a Research Fellow at Cambridge. He was then a Professor and Financial History at Oxford.
The lecture actually begins at the 8:45 mark after all the intro fluff.