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Meltdown - The Conclusion: "After The Fall"
Previously, we brought you parts one, two and three of the Canadian must see documentary "Meltdown." In this final episode "After the Fall", we hear about the sheikh who says the crash never happened; a Wall Street king charged with fraud; a congresswoman who wants to jail the bankers; and the world leaders who want a re-think of capitalism. As one world leader handles the crisis through denial, other leaders try to re-think capitalism. Even though the causes of the 2008 meltdown are now clear, there is no magic formula to stop it from happening again. The world has to start planning for the next crisis, even as we recognise that this one is not over yet.
Courtesy of Al Jazeera
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woul u likee friez wit dat?
Without LABOR, you have what america has become, a brittle shell of her former self where the only jobs are with the government, contracting for the government, or granted to private industry by the government, unless you want to work at McDonalds that is. The rest of the jobs, of course, are in the PARASITIC 'banking' sector, like taking a job as a walk on vampire in a B movie, or possibly even a brain eating zombie.
When manufacturing was moved to China, it was the exportation of the American Dream plain and simple. Look at what DETROIT has become.
To all those young people who would love to own a bakery, car wash, repair shop, barber shop, deli, coffee shop, diner, service center, laundry, etc and can't. Its not simply 'the economy' its the LACK OF production. We have done nothing more than import liability while having exported all opportunity.
Expect us.
Propaganda.
Propaganda, indeed!! ... Soros-backed. Nuff said.
When I first saw this so-called 'documentary' in September LAST YEAR, I noted DSK's negative comments on the Fed policy and was heartened to see that there was a rift between the European and American money-manipulators! It was therefore no surprise to see that the CIA had set up DSK, to get him out of the way, just a few months later.
Looks like we are setting up for Black Monday.
in other newz, looks like the world is going to have to purge some debt. Oh well, thats nothing new. Lets do this!!
The name of this series needs to be changed. Instead of the "heart stopping, catastrophic" title meltdown, the show should named-HOW A SELECT FEW, ELLTE MEMBERS OF SOCIETY PULLED OFF THE GREATEST SCAM EVER AND FUCKED THE ENTIRE WORLD! AND THEN....LAUGHS IN YOUR FACE WHEN CONFRONTED. This show was the edited cuts from "Inside job."
The SOS!
The Euro is sure melting down. Plenty of more downside ahead. Long term EURUSD chart analysis http://bit.ly/pnFNbM. It should find short term suppor soon.
The music/sound effects sound as if it done by 9 year olds making a home vampire movie.
Pathetic. As if the subject and facts need these "effects".
Thanks, Do Chen ! As Socialism is flailing around in it's death throws.......the Socialists defend their flawed thinking more rabidly ! Even the articulate Monedas is speechless at the evil of people like Reich and Legard ! They are Hitleresque monsters ! Monedas 2011
Tis is so bs, those people still do not get that marxizm and keyneizm is krazy mf sht... I can not believe it... I guess the world must go "down" in so commies get that they are idiots...
Hong Kong listed casino stocks crashing. Story here:
http://www.marketwatch.com/story/macau-casino-stocks-crash-in-hong-kong-2011-10-03?link=MW_home_latest_news
Watched the first part so far, and I'm not impressed.
Too much black and white painting: Hank Paulson is a "snake" at heart, but Christine Lagarde knew it all along and Phil Angelides now understands it all? What a joke.
Some details are wrong, the two Bear Stearns funds got into trouble before BNP Paribas froze some of their investment funds in August 2007.
And way too much "it all depended on, or was caused by, a few top position people." It was a systemic event, caused by weaknesses (deregulation in basic principles; obfuscation) and failures that had built up over a long time.
I remember those 2 funds at Bear were the canary in the coal mine. They were both heavily into the subprime paper and one was actually leveraged quite a bit. The leveraged one went to zero in short order. At the time Cramer called them "Dumb and Dumber", but he still argued that Bear would survive the bad funds. WRONG !!!
BTW, How's that Wall Street protest panning out. Drudge has a great headline this morning: Protesters call for re-election of Obama?"
Who would have thunk :)
Ha, that interview by Kokesh was classic... those poor dupes have no idea what they stand for. That one dense chick had a Harvard shirt on. Figures.
Excellent series thanks for posting. Another DocZone
gem is the "The Trouble with Experts" - absolutely
fantastic, just aired 29 Sept.
By the way the most probable reason T. McKenna's work is shown on A.J. is because of his many award winning docs on Islamic issues.
Obviously the solution is to give everything a good leaving alone. It's not a crisis if nobody does anything about it. Market forces will work if left free to roam and not contamindated with government interference. Of course the problem is that the dumbasses get left behind or elected to Congress in a free market system.
www.silverrevolucion.com
A minute ago ago Bloomberg was showing FTSE dropping -100% DOWN to 0.00 and DAX also down -100% to 0.00 on all tickers on their website. Is it a signal of some sort? Black Monday? See a screenshot:
http://inkom.com.au/sites/default/files/Bloomberg_Shows_FTSE_as_0.jpg
Pls check this post in TF metals:
http://www.tfmetalsreport.com/comment/64599#comment-64599
They allow posting pictures, and thus post becomes much more informative.
"too big to fail" is one issue avoided. there must not be any shifting onto the taxpayers backs. "odious debt" i do not owe any of this "bailout/stimulate money" that went to connected cronies.
another is personal accountability for those "cronies" who made very bad investments. were laws broken? by whom? who is going to jail? nobody.
As per late Friday, things have changed.
AUD still going down whilst gold going up.
To anyone's knowledge, is "Meltdown" for sale as a DVD?
Tsunamis rarely come in just one wave, and those that go out to look usually get swept away
http://www.youtube.com/watch?v=IuUygn7BZis
So much for striving for 'normalcy" or claiming that one has tamed nature ..
http://www.flixxy.com/japanese-tsunami-viewed-from-a-car.htm
finance under greenspan is supposed to be awsome... billions and billions of things happen everyday... theres lots of people... banks exploit international regulation... nobody has time to do dogshit paprework
.
problem solved... cant we predict the next crisis already
Al Jazeera's definitely better than CNN, FOX (lol, my dog's better than Fox), MSNBC, and most others...still biased and influenced of course, but which network isn't?
As for those believing less regulation is a good thing, you're nuts! Regulation is necessary because companies are amoral entities, it just has to be done in a sensible well-thought-out way...which isn't the case right now. But claiming less regulation is categorically a good thing is beyond laughable given the reasons for this crisis. Rewatch Bush's "housing speech" on youtube: "Loans for everyone!!! Doesn't matter if you can pay it back in the future...houses/cars/stuff for everyone, dig in!!" was his message, and it was done by systematically removing regulations since Clinton (or even earlier). Worked great, no? ;)
Al Jazeera's definitely better than CNN, FOX (lol, my dog's better than Fox), MSNBC, and most others...still biased and influenced of course, but which network isn't?
As for those believing less regulation is a good thing, you're nuts! Regulation is necessary because companies are amoral entities, it just has to be done in a sensible well-thought-out way...which isn't the case right now. But claiming less regulation is categorically a good thing is beyond laughable given the reasons for this crisis. Rewatch Bush's "housing speech" on youtube: "Loans for everyone!!! Doesn't matter if you can pay it back in the future...houses/cars/stuff for everyone, dig in!!" was his message, and it was done by systematically removing regulations since Clinton (or even earlier). Worked great, no? ;)
So, distorted Free-Market Capitalism is bad. Therefore, lets replace it with the Shari'a System.
Not!
I'm not one to throw the 'baby-out-with-bathwater' when I read stuff from sites on the internet.
That said, while there is some truth in this series of videos, it IS Anti-American/Western/FreeMarket propoganda.
"So, distorted Free-Market Capitalism is bad. Therefore, lets replace it with the Shari'a System."
No one's saying Sharia should take over the current system, and hell, Sharia in economics isn't the same as the criminal system where people get lashes or stoned to death. I've done a crazy amount of business in the Middle East, and that includes a lot of Sharia-compliant companies...never had an issue.
The key message of the clips is that the current system is f***** and that deregulation definitely had something to do with it. It also shows that there seems to be a massive disconnect between the actual figures and the actions of politicians/leaders. Either way, the system needs to be fixed, and it doesn't matter if some people currently consider it capitalism/socialism/whatever. The real solution will probably be somewhere in the middle, as extremes are never sustainable.
Also, making a knee-jerk "OMGOMGOMG Sharia" post just because Al Jazeera's involved is a bit silly ;)
Doublepost...sry.