February 20, 2009
The Crisis of Credit
Excellent video to help understand the economic crisis.
The Crisis of Credit Visualized from Jonathan Jarvis on Vimeo.
Excellent video to help understand the economic crisis.
The Crisis of Credit Visualized from Jonathan Jarvis on Vimeo.
FRONTLINE investigates the causes of the worst economic crisis in 70 years and how the government responded. The film chronicles the inside stories of the Bear Stearns deal, Lehman Brothers’ collapse, the propping up of insurance giant AIG, and the $700 billion bailout. Inside the Meltdown examines what Treasury Secretary Henry Paulson and Federal Reserve Chairman Ben Bernanke didn’t see, couldn’t stop and haven’t been able to fix.
This episode of Frontline will air on the 17th on PBS and can be watched online as well. Here is a preview:
On the eve of the Senate’s vote for the nearly $900 billion economic stimulus package, it’s appropriate to consider another viewpoint. One that argues that passage of this bill will most likely ensure our nation succumbs to the greatest economic depression ever.
Great title. Glenn Beck yesterday presented a very dire chart that represents the amount of U.S. dollars in circulation since 1929. While the title jabs and pokes fun at Al Gore’s “An Inconvenient Truth”, it’s best that you do not get caught in the left-right paradigm of U.S. politics. They are both controlled, manipulated, and equally responsible for what has happened to our economy. So, I don’t look at this video as a right wing attack on the left wing. Instead, I look at it through a politically atheist, impartial lens that focuses on the facts presented.
This is one documentary you do not want to miss. You will not be seeing the movie trailers for this film on your TV or at your local movie theater. Here is the trailer for The Obama Deception.
I found this great video about the history of the American dollar. It does a good job at explaining how our system of money creation through fractional reserve banking is the root cause of our economic troubles not only here in America, but in countries around the world with central banking.
In light of today’s federal reserve’s announcement to cut interest rates to the lowest on record, which inexplicably seems to cheer the chumps on Wall St., I thought it would be appropriate to post the following series of videos that explain where money comes from. It is a good watch, the concepts are easy to understand, and it’s animated! You’ll learn more from this animated series and probably laugh too when you realize how ridiculous our banking system really works. Understanding this phenomenon is key to making sense of the economic events that transpire every day, especially in regards to the money supply. Enjoy!