Banks Refusing a “Haircut” Behind EU Financial Crisis

Tom Ferguson: Austerity demanded so the banks get paid, even though it deepens the global financial crisis.

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Overdose: The Next Financial Crisis

With the US raising their debt ceiling, are we in a global bail-out bubble that will eventually burst? This doc offers a fresh insight into the greatest economic crisis of our age: the one still awaiting us.

The financial storm that has rocked 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. When it all went wrong the government promised the biggest financial stimulus packages in history and gargantuan bailouts. But what crazed logic is that: propping up debt with more debt? “They’re giving alcohol to a drunk: it just sets him up for a bigger hangover.”

This 45 minute documentary is well worth watching to get a better understanding of the smoke and mirrors of politics and the world’s economic processes.

 

The Crisis of Credit: by Jonathan Jarvis

An excellent video explaining the crisis of credit. This is something that Businesses Coaches, Business Consultants and Financial Planners will find useful to educate their clients. Presented byhttp://www.ribi.biz – the Results in business Institute.

This video explains the fundamentals of the current global credit crisis as well as the sub-prime mortgage crisis. Subjects covered in this but very effective video are: