Overdose: The Next Financial Crisis
Overdose: The Next Financial Crisis. Award-winning youtube hit giving fresh insight into the greatest economic crisis of our age: the one still awaiting us.
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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."
For downloads and more information visit:http://www.journeyman.tv/60895/docume...
Follow us on Facebook (http://goo.gl/YRw42) or Twitter (http://www.twitter.com/journeymanvod)
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."
1 opmerking:
Nota bene, deze documentaire geeft min of meer de Tea Party-visie op de crisis van 2008. Hij suggereert dat het allemaal de schuld was van de regering, Freddie Mac en Fanny Mae, maar niet van de financiële markten zelf. En uiteraard weer de gebruikelijke hysterie over het inflatiegevaar dat om de hoek ligt als gevolg van overheidstekorten. Inside Job van Charles Ferguson is veel realistischer. En om echt begrip op te doen van de werking van het financiële systeem, zie bv. deze lezing van Randy Wray:
http://www.youtube.com/watch?v=0zEbo8PIPSc
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