When the world's financial bubble blew, the solution was to lower interest rates and pump trillions of dollars into the sick banking system. The solution is the problem, that's why we had a problem in the first place. For Economics Nobel laureate Vernon Smith, the Catch 22 is self-evident. But interest rates have been at rock bottom for years, and governments are running out of fuel to feed the economy.
The governments can save the banks, but who can save the governments? Forecasts predict all countries' debt will reach 100% of GDP by next year. Greece and Iceland have already crumbled, who will be next?
The storm that would rock the world, began brewing in the US when congress pushed the idea of home ownership for all, propping up those who couldn't make the down payments. The Market even coined a term, NINA loans: "No Income, No Assets, No Problem!" Enter FannieMae and FreddieMac, privately owned, government sponsored. Want that vacation? Wanna buy some new clothes? Use your house as a piggie bank! Why earn money to pay for your home when you can make money just living in it? With the government covering all losses, you'd have been a fool not to borrow.
The years of growth had been a continuous party. But when the punchbowl ran dry, instead of letting investors go home to nurse their hangovers as usual, the Federal Reserve just filled it up again with phoney money. For analyst Peter Schiff, the consequence of the spending binge was crystal clear: we're in so much trouble now because we got drunk on all that Fed alcohol. Yet along with other worried experts, he was mocked and derided during the boom.
Have you taken out a mortgage, invested capital or bought shares? If you have, likelihood is you lost out in the latest bust. Governments promised decisive action, the biggest financial stimulus packages in history, gargantuan bailouts: but what crazed logic is this, propping up debt with...more debt? This documentary brings an entirely fresh voice to the hottest topic of today.
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Monday, December 31, 2012
Sunday, December 30, 2012
"Inside Job" Financial Crisis Documentary (2010)
Inside Job is a 2010 documentary film about the late-2000s financial crisis directed by Charles H. Ferguson. It is described as being about "the systemic corruption of the United States by the financial services industry and the consequences of that systemic corruption." The film explores how changes in the policy environment and banking practices helped create the financial crisis.
Inside Job was well received by film critics who praised its pacing, research, and exposition of complex material. The film was screened at the 2010 Cannes Film Festival in May and won the 2010 Academy Award for Best Documentary Feature.
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Inside Job was well received by film critics who praised its pacing, research, and exposition of complex material. The film was screened at the 2010 Cannes Film Festival in May and won the 2010 Academy Award for Best Documentary Feature.
---------------------------------------------------------------------------------------------
Subscribe for more documentaries: http://www.youtube.com/channel/UCcfOxcMEcPhqIxoXC4yW4dA
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Saturday, December 29, 2012
"97% Owned" Monetary System Documentary (2012)
The documentary presents a serious research and verifiable evidence on our economic and financial system. This is the first documentary to tackle this issue from a UK-perspective and explains the inner workings of Central Banks and the money creation process.
When money drives almost all activity on the planet, it's essential that we understand it. Yet simple questions often get overlooked, questions like: where does money come from? Who creates it? Who decides how it gets used? And what does this mean for the millions of ordinary people who suffer when the monetary and financial system breaks down?
Political philosopher John Gray, commented, "We're not moving to a world in which crises will never happen or will happen less and less. We are in a world in which they happen several times during a given human lifetime and I think that will continue to be the case."
If you have decided that crisis as a result of the monetary system is not an event you want to keep revisiting in your life-time then this documentary will equip you with the knowledge you need, what you do with it is up to you.
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When money drives almost all activity on the planet, it's essential that we understand it. Yet simple questions often get overlooked, questions like: where does money come from? Who creates it? Who decides how it gets used? And what does this mean for the millions of ordinary people who suffer when the monetary and financial system breaks down?
Political philosopher John Gray, commented, "We're not moving to a world in which crises will never happen or will happen less and less. We are in a world in which they happen several times during a given human lifetime and I think that will continue to be the case."
If you have decided that crisis as a result of the monetary system is not an event you want to keep revisiting in your life-time then this documentary will equip you with the knowledge you need, what you do with it is up to you.
Subscribe for more documentaries: http://www.youtube.com/channel/UCcfOxcMEcPhqIxoXC4yW4dA
Follow me on Twitter: https://twitter.com/Adam_Smith_777
My Blog:
Daily Stock Market Analysis http://dailystockmarketanalysis.blogspot.com
Visit and click the links for support. Thanks!
.
Friday, December 28, 2012
"Money Masters" Central Banking Documentary (1996)
"Money Masters" is non-fiction, historical documentary that traces the origins of the political power structure. The modern political power structure has its roots in the hidden manipulation and accumulation of gold and other forms of money. The development of fractional reserve banking practices in the 17th century brought to a cunning sophistication of the secret techniques initially used by goldsmiths fraudulently to accumulate wealth. With the formation of the privately-owned Bank of England in 1694, the yoke of economic slavery to a privately-owned "central" bank was first forced upon the backs of an entire nation, not removed but only made heavier with the passing of the three centuries to our day. Nation after nation has fallen prey to this cabal of international central bankers.
The success of the central banking scheme developed into a far-reaching plan described by President Clinton's mentor, Georgetown Professor Carroll Quigley, "to create a world system of financial control in private hands able to dominate the political system of each country and the economy of the world as a whole. This system was to be controlled in a feudalist fashion by the central banks of the world acting in concert, by secret agreements arrived at in frequent meetings and conferences. The apex of the system was to be the Bank for International Settlements in Basel, Switzerland, a private bank owned and controlled by the world's central banks which were themselves private corporations. Each central bank... sought to dominate its government by its ability to control treasury loans, to manipulate foreign exchanges, to influence the levels of economic activity in the country, and to influence cooperative politicians by subsequent economic rewards in the business world."
Several short-lived attempts to impose the central banking scheme on the United States were defeated by the patriotic efforts of Presidents Madison, Jefferson, Jackson, Van Buren and Lincoln. But with the passage of the Federal Reserve Act of 1913, America was firmly lashed to the same yoke, so that a small number of very rich men have been able to lay upon the masses a yoke little better than slavery itself. That yoke inevitably grows heavier with ever-compounding interest, and totals over $20 trillion of debt owed by the American people today ($80,000 per American) ultimately to these bankers.
This vast accumulation of wealth concentrates immense power and despotic economic domination in the hands of the few central bankers "who are able to govern credit and its allotment, for this reason supplying, so to speak, the life-blood to the entire economic body, and grasping, as it were, in their hands the very soul of the economy so that no one dare breathe against their will."
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Subscribe for more documentaries: http://www.youtube.com/channel/UCcfOxcMEcPhqIxoXC4yW4dA
Follow me on Twitter: https://twitter.com/Adam_Smith_777
My Blog:
Daily Stock Market Analysis http://dailystockmarketanalysis.blogspot.com
Visit and click the links for support. Thanks!
.
The success of the central banking scheme developed into a far-reaching plan described by President Clinton's mentor, Georgetown Professor Carroll Quigley, "to create a world system of financial control in private hands able to dominate the political system of each country and the economy of the world as a whole. This system was to be controlled in a feudalist fashion by the central banks of the world acting in concert, by secret agreements arrived at in frequent meetings and conferences. The apex of the system was to be the Bank for International Settlements in Basel, Switzerland, a private bank owned and controlled by the world's central banks which were themselves private corporations. Each central bank... sought to dominate its government by its ability to control treasury loans, to manipulate foreign exchanges, to influence the levels of economic activity in the country, and to influence cooperative politicians by subsequent economic rewards in the business world."
Several short-lived attempts to impose the central banking scheme on the United States were defeated by the patriotic efforts of Presidents Madison, Jefferson, Jackson, Van Buren and Lincoln. But with the passage of the Federal Reserve Act of 1913, America was firmly lashed to the same yoke, so that a small number of very rich men have been able to lay upon the masses a yoke little better than slavery itself. That yoke inevitably grows heavier with ever-compounding interest, and totals over $20 trillion of debt owed by the American people today ($80,000 per American) ultimately to these bankers.
This vast accumulation of wealth concentrates immense power and despotic economic domination in the hands of the few central bankers "who are able to govern credit and its allotment, for this reason supplying, so to speak, the life-blood to the entire economic body, and grasping, as it were, in their hands the very soul of the economy so that no one dare breathe against their will."
---------------------------------------------------------------------------------------------
Subscribe for more documentaries: http://www.youtube.com/channel/UCcfOxcMEcPhqIxoXC4yW4dA
Follow me on Twitter: https://twitter.com/Adam_Smith_777
My Blog:
Daily Stock Market Analysis http://dailystockmarketanalysis.blogspot.com
Visit and click the links for support. Thanks!
.
Thursday, December 27, 2012
"Fiat Empire" Federal Reserve Documentary (2006)
The Fiat Empire explores why some feel the Federal Reserve System is a "bunch of organized crook" and others feel some of its practices "are in violation of U.S. Constitution." Discover why experts agree the Fed is a banking cartel that benefits mainly bankers, their clients in need of easy money, bailouts and a Congress that would rather go deeper into debt then seek funding from its constituents. Long-term studies indicated the Federal Reserve System encourages war, destabilizes the economy (by causing boom and bust cycles), generate inflation (a hidden tax) and is the supreme instrument of unjust enrichment for a select group of insiders. If you are fed up with an ever expanding state and corporations that "too-big-to-fail" look no further than the fiat money printed by the Fed.
---------------------------------------------------------------------------------------------
Subscribe for more documentaries:
http://www.youtube.com/channel/UCcfOxcMEcPhqIxoXC4yW4dA
Follow me on Twitter: https://twitter.com/Adam_Smith_777
My Blog:
Daily Stock Market Analysis http://dailystockmarketanalysis.blogspot.com
Visit and click the links for support. Thanks!
.
---------------------------------------------------------------------------------------------
Subscribe for more documentaries:
http://www.youtube.com/channel/UCcfOxcMEcPhqIxoXC4yW4dA
Follow me on Twitter: https://twitter.com/Adam_Smith_777
My Blog:
Daily Stock Market Analysis http://dailystockmarketanalysis.blogspot.com
Visit and click the links for support. Thanks!
.
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