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(link to lesson 2: www.youtube.com Lesson 1 – Revisiting American History, documents the conversion of the US into a monolithic financial empire as the Federal Reserve Act created a monopolized cartel of private interests, “Wall Street,” that controls all money in the system. This killed Jeffersonian ideals and allowed vertical Hamiltonian forces to have free reign to consolidate power and wealth. It explains how this is an empire system where the top Wall Street banks are analogous to feudal lords and multi-national corporations are their feudal knights out conquering territories. It rewrites American History books.

Americans’ net worth up for 3rd straight quarter www.washingtonpost.com Financial Wealth in America sociology.ucsc.edu www.mybudget360.com New York City Bank Among Three US Bank Failures abcnews.go.com Detroit family homes sell for just www.telegraph.co.uk Retail sales rise unexpectedly in February www.msnbc.msn.com

Louis talks about the recession, the fucked economy, and hiding money in a safe. The boys also discuss how Obama will handle the legacy of unsustainable financial success. Louis mentions the episode “The Giant Pool of Money” from This American Life on NPR, which you can listen to here: www.thisamericanlife.org Part 3 of 3.

Nouriel Roubini – who successfully predicted the recent collapse of the US-dominated financial system years in advance – discusses the financial crisis and its impact on world economies. He describes in detail: (a) the origins of the financial crisis in bursting of massive bubbles in various asset classes that in turn were generated by easy credit and poor regulation; (b) the fundamental flaws of limited transparency, excessive securitization, and shoddy credit ratings – especially in the domain of exotic securities – in the financial system; and (c) the fateful decision by Western financial regulators to allow the shadow banking system to grow dramatically without adequate safety measures. He also highlights: (d) the weakening of American geopolitical power from massive deficit spending to fix the US financial system and revive the American economy; (e) the potential threat to world peace through severe social and political unrest arising from high unemployment; and (f) the likely slowdown, if not reversal, of globalization itself via enactment of trade and tariff barriers to protect jobs. This speech was recorded in October 2008. PLEASE READ MY COMMENTS ON THE VIDEO BEFORE WATCHING.

Max Keiser calls treasury secretary Bear Stearns flunky Hank Paulson a “Financial Terrorist”. He states America is issuing non collateralized bonds that are worthless. The Dollar and the Bonds are counterfeit. They have nothing backing them. This will lead to an economic collapse to all countries who play into this Wall Street scheme. Developing nations are giving away their commodities for worthless paper.

In this Wharton Leadership Lecture, former Merrill Lynch CEO John Thain offers his opinions as to what caused the crisis, what can be done to prevent it from happening again, and when it will be over — not just for the financial industry but also for Main Street. This is the first in a series of three videos on the lecture, which include Thain’s remarks to the audience, questions from the three-member panel and, finally, questions from the audience.

In this Wharton Leadership Lecture, former Merrill Lynch CEO John Thain offers his opinions as to what caused the crisis, what can be done to prevent it from happening again, and when it will be over — not just for the financial industry but also for Main Street. This is the third and final video in a series of three, which include Thain’s remarks to the audience, questions from the three-member panel and, finally, questions from the audience.

President Obama announced the introduction of the new consumer financial protection agency, which will execute a plan for regulation reform that would improve the current “patchwork system” full of outdated regulations and lax oversight that helped lead to last year’s crisis,” and “stand up, not for big banks, not for financial firms, but for hard-working Americans.” Such changes, he says, would prevent consumers becoming victims of “predatory practices of some in the financial industry …