Watch the Working with Im bVII bVI V7 online guitar lesson by TrueFire from Play Acoustic Guitar 4: Rhythm Approaches
Working with Im bVII bVI V7 - Overview is a video guitar lesson presented by Vicki Genfan and is sourced from Acoustic Rhythm Survival Guide.
Another name for this progression is 'Flamenco' progression because its roots come from the Andalusian Gypsies, or Flamencos of Southern Spain. This music was being played as early as the fourteenth century forward. This progression became known during the 1960's as 'money chords' because of its widespread use at that time in pop music.
In addition to the songs I play in the video, some of the many hits that were written using the 'Flamenco' progression are "Happy Together"by the Turtles, "Walk, Don't Run" by the Ventures, "Maneater" by Hall & Oates, "Nights in White Satin" by the Moody Blues, and 'All Along the Watchtower', by Bob Dylan. Notice that the progression starts with a minor chord.